entrepreneurship
Highlights: Leading the Index was the U.S., which saw an 11% increase in total jobs supported since 2021. Delaware was the top-ranked state, Wyoming came in second, and California ranked number three.Rural entrepreneurship in the U.S. is especially strong: the Index shows nearly one third of Shopify entrepreneurs are building their businesses outside major cities, taking advantage of lower costs of living and government incentives offered by some states.Despite the uncertain macroeconomic environment and the war in Ukraine, European entrepreneurship has proven resilient. Three Eastern European...
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My big career change came at the height of my former career. I had a calling, one that arose from my belief in opportunity and an innate trust in my gut instinct when it came to life-altering decisions. Q2 2021 hedge fund letters, conferences and more Big Career ChangeI was 38 and chief operating officer/president of a medical imaging company in South Florida. A physician friend asked me if I thought our company would want to be one of the first to bring what was then new technology, the MRI, to the Caribbean and Latin America. Apparently, he was returning to his home island of Trinidad and To...
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Sukone Hong is the 17-year old South Korean entrepreneur making headlines galore. He created a fashion brand whose sales have topped $1 million so far this year, and debuted a braille smartwatch for the visually impaired with thousands of advance orders. Q2 2021 hedge fund letters, conferences and more Sukone Hong’s StoryThe successful teenager had a rough start. Four years ago, he began reselling branded clothes on Naver –a search engine in his natal South Korea. The initial $150 in revenue did not last long, so Hong changed his tactic. His parents helped him with $5,000, and with “ the assis...
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The data: About half of small businesses fail within the first five years, and two-thirds close their doors within 10 years. Despite those high failure rates and the harsh effects of the coronavirus crisis on the U.S. economy, entrepreneurship boomed in 2020: business startups grew to 4.4 million – a 24% increase from 2019. Q2 2021 hedge fund letters, conferences and more The Question: Are You A Pretender Or A Contender As An Entrepreneur?Expert’s take: James Webb grew up poor, overcame adversity in business, endured personal heartbreak and cancer, and ended up as a highly-successful entrepren...
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The ears of our many tech-minded clients here at BX3 – as well as a few VCs and a Dell alumnus for good measure – have perked up upon my peppering our conversations with the lingo I picked up during my part-time business school course dedicated to studying the hows and whys of fostering innovation and creativity in startups and corporations. Take, for example: design funnel, complementary goods, and first-mover advantage. In terms of investment and societal progression, however, what is the union set of these concepts? Q1 2021 hedge fund letters, conferences and more Making Better-Informed Dec...
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The COVID-19 pandemic entirely changed the way most people approached, well, everything. The economic and business consequences of the COVID era have been immense, and businesses have taken a huge hit. For small businesses and entrepreneurs, it has proven to be a particularly difficult time from which it will take years to fully recover. Q1 2021 hedge fund letters, conferences and more Impact Of The Pandemic On EntrepreneurshipTo learn just how the pandemic has impacted entrepreneurs and what the future looks like for entrepreneurship in the U.S., Skynova surveyed over 500 people about all asp...
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Call it evolution, transition, or “rethinking”: the past year has brought enormous change to the way we live and work. Q1 2021 hedge fund letters, conferences and more It’s been a year of challenge, but also of opportunity. It’s prompted people from all walks of life to reassess and recalibrate – and for many, that recalibration involves making a professional transition. Veterans are no exception. Millions of them are making the move from military service to private enterprise. Both are demanding fields, where the stakes can be high. But with careful planning, veterans can successfully transit...
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As COVID-19 causes layoffs and extends uncertainty about employment in 2021, many people are considering new options, reinventing themselves, or trying to decide whether working for themselves is more desirable than finding another 9-to-5 job that might not last. Q4 2020 hedge fund letters, conferences and more Entrepreneurship brings a lot of freedom, responsibility, and risks, and before people commit to taking that big step there are several important questions they should ask themselves, says Tim Mercer, ForbesBooks author of Bootstrapped Millionaire: Defying the Odds of Business. “Entrepr...
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How can you take charge of your own future in the face of a long-running pandemic that has crushed economies, markets, businesses and lives? Waiting is not going to cut it – waiting for more government stimulus, waiting for the virus to magically disappear, waiting for customers to suddenly come back. The most successful entrepreneurs are not sitting it out. This past year has seen an explosion of newly launched small businesses and startups. As the authors of The Entrepreneur’s Faces: How Makers, Visionaries and Outsiders Succeed, we’re not surprised. It’s not just first-time founders. We’ve ...
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The COVID-19 pandemic caused entrepreneurs all over the world to scramble. Businesses that operated in a traditional office environment were forced to come up with a strategy to work from home; in fact 42 percent of the U.S. workforce is now working from home full-time. Those that depended on service customers in person, in some capacity, needed to figure out a way to deliver or serve digitally. And of course, many entrepreneurs had to completely rethink their budgets in response to the economic impact of the pandemic. But how is startup entrepreneurship going to change once this pandemic is o...
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