Entrepreneurship

Entrepreneurship is the engine of personal wealth creation the world over. In a study of 111 entrepreneurs all 50 years old or younger, with a net worth ...

Almost a quarter of the successful entrepreneurs are considering selling their companies with 88% of them looking for ways to eliminate or lower the capital gains taxes they would owe from the sale. “Based on extensive studies of the ultra-wealthy, what’s very evident is that many of them are being poorly served,” says Justin Breen, the driving force behind the exclusive BrEpic Network and co-author of Superior Results: Maximizing the Value of Your High-Performing Family Office Just Like the Super-Rich, “Commonly the ultra-wealthy are getting financial advice, but the advice isn’t holistic or even customized to their unique situations. When working with successful, closely held business owners, we’re often able to find significant ways to mitigate their tax bills and they consistently agree that this is more important to them than their investment results.” “Many successful entrepreneurs can reduce their income taxes with qualified retirement plans,” says Homer Smith, Founder of Konvergent Wealth Partners, and co-author of Optimizing the Financial Lives of Clients: Harness the Power of an Accounting Firm’s Elite Wealth Management Practice, “The complication is that a large percentage of successful entrepreneurs only consider 401(K) plans where defined contribution plans would make more sense. Every successful entrepreneur reported that although they are very interested and attentive to the performances of their investment portfolios, they are more concerned with mitigating taxes. Only 10.8% said investing outside their business, is the way they became personally wealthy.

International Business News: A flourishing financial services market, availability to a diverse talent-pool and business-friendly climate makes Canada a ...

The growth in emerging ventures in areas of fintech, semiconductors, Artificial Intelligence, Virtual Reality and Healthcare are the effects of growing talent pool and friendly immigration policies. In recent years, Canada has pushed for reforms in the areas of innovation, gender parity, automation and an inclusive economy. The Canadian business premise also gets a boost with the availability of skilled manpower and low tax burden. A PwC report ranks Canada first among G7 countries for ease in tax burden for small and medium-sized firms. Besides NAFTA (North American Free Trade Agreement), the Canadian Government signed a Comprehensive Economic and Trade Agreement (CETA) enabling it to become EU’s second most-important trade partner after the US. Known for its rugged mountains, picturesque valleys, historic cities, panoramic scenery, and uninhabited lands, Canada may not be the first to appear on the itinerary of an entrepreneur.

All business functions are interlinked and interdependent. However, selling is the primary function that generates operational...

• Think long-term: In thinking and acting long-term, you aim to balance conflicting needs and avoid pitching your interests against that of your customers. • Make continuous improvements: As nothing is static in life, your wonderful product, you highly effective marketing strategy, your team of loyal and competent staff, etc. If you can frequently ‘wow’ your customers, you stand a good chance to hold them for long. • Offer saleable products: A major challenge in every business is to ensure that the product that you offer is saleable. From your front desk to the back-end of your operations, all staff must support marketing and sales efforts. By thinking long-term, you will very likely forego taking undue advantages of your customers that will come back to haunt you. The idea is that you should educate and get all staff to have the ‘selling mentality’. • Understand your customers and what they want: Your ability to serve your customers well depends on the extent to which you understand them. No matter the option you are taking though, the ultimate objective and challenge is to achieve a sufficient volume of sales of the product to cover your running costs and deliver profits, except for loss-leading products, which serve a different purpose all together. • Assemble the right sales team: There are technical and emotional requirements to successful selling. Prior to product development and launch, you will need to conduct a diligent feasibility study and build a sound business plan. Often, you have to be on the same page with your customers and offer them what they desire.

Startup momentum is strong in Bangor, which hosts an annual entrepreneurship conference called Blitz taking place this year on Sept.

“We’re excited to be back downtown in a single location,” says conference organizer Ashleigh Briggs. The formula changed during the pandemic, with three virtual events in 2020 funded by a grant from Machias Savings Bank. “A lot of people for whatever reason don’t associate Bangor with scalable startups, but a lot of business and entrepreneurship is happening here.”

New Delhi [India], August 22 (ANI/Mediawire): A flourishing financial services market, availability to a diverse talent pool and business-friendly climate ...

In recent years, Canada has pushed for reforms in the areas of innovation, gender parity, automation and an inclusive economy. The growth in emerging ventures in areas of fintech, semiconductors, Artificial Intelligence, Virtual Reality and Healthcare are the effects of a growing talent pool and friendly immigration policies. The Canadian business premise also gets a boost with the availability of skilled manpower and low tax burden. Besides the EU and the US, access to developing South American markets is a lucrative opportunity for local manufacturers. Besides NAFTA (North American Free Trade Agreement), the Canadian Government signed a Comprehensive Economic and Trade Agreement (CETA) enabling it to become the EU’s second most important trade partner after the US. Known for its rugged mountains, picturesque valleys, historic cities, panoramic scenery, and uninhabited lands, Canada may not be the first to appear on the itinerary of an entrepreneur.

When the Division of Student Life approached Alyssa Martina, director of the Doherty Center and lecturer, to create a summer entrepreneurial program for ...

Martina recruited Launch Greensboro, an organization dedicated to supporting local entrepreneurs, to teach the students about identifying clients, thinking critically and more. The experience culminated in a pitch night, where students presented their idea to their peers and mentors. “The level of camaraderie in this program was amazing,” said Stacy. This mindset was the inspiration behind the Developing a Growth Mindset Through Innovation and Entrepreneurship program. Martina describes it as “a really fast innovation sprint” where students worked from pain points to pitch, identifying potential clients along the way. The students ate in Lakeside Dining Hall, met Elon’s Business Research Librarian Betty Garrison and visited the Maker Hub.

Learn about the best tips and the pitfalls to avoid while starting your own business in this Mailbag episode. This podcast is proudly supported by Edelman ...

[Learn more about how we make money.](https://www.hermoney.com/disclosures/) [EdelmanFinancialEngines.com](https://www.edelmanfinancialengines.com/her-money/?utm_source=hermoney&utm_medium=partners&utm_campaign=SiteReferral&utm_content=articles). She gave us amazing advice when she last stopped by for [Episode 290: Building Your Business During Tough Times](https://hermoney.com/earn/entrepreneurship/hermoney-podcast-episode-290-building-your-business-during-tough-times/) and [Episode 158: Color Commentary with Amy Errett](https://hermoney.com/earn/entrepreneurship/hermoney-podcast-color-commentary-with-amy-errett-episode-158/). [editorial policy](https://www.hermoney.com/disclosures/)and a judgment-free zone for our community, and we also strive to remain transparent in everything we do. Tune in to hear Jean and Amy answer questions about determining the dollar amount that your business is worth, and saving for retirement while you’re putting money into your company. (FEA), a federally registered investment advisor.

The post-pandemic world and the residual and collective anguish has probably compelled greater willingness to co-operate and a stark realisation of ...

On the point of gender inclusion, diversity in supply chain is a necessary corollary to levelling the playing field. The NITI Aayog’s Women Entrepreneurship Platform is a prime example, which provides an ecosystem for existing and aspiring women entrepreneurs, by supporting in areas of skilling, funding assistance and compliance. Women business owners require support to scale up their enterprises, especially considering the dearth in credit and networks to leverage. For example, in India, women own 20.4% of micro enterprises (turnover up to INR 5 crore) and only 2.6% of medium enterprises (turnover between INR 50 and 250 crore). This lack of gender diversity in entrepreneurship is often attributed to reasons such as traditional male values being associated with the decision-making and risk-taking involved in running a business, a lack of access to capital and social networks that are essential for successful start-ups and a general absence of nurturing support for women entrepreneurs. The post-pandemic world and the residual and collective anguish has probably compelled greater willingness to co-operate and a stark realisation of interdependence, economic and otherwise.

PRNewswire/ -- A ground-breaking study conducted by the global, e-commerce-based direct selling company, QNET, in partnership with Nielsen IQ, finds most...

With low start-up costs, a portfolio of quality products in high demand, and innovative online tools like our award-winning mobile app, QNET provides our distributors with the independence, flexibility, and support they need to own and grow a successful business." According to Nielsen, among those respondents who started a direct selling business with QNET, 72% remain with the company today. 71% of respondents believe that the direct selling model helped boost entrepreneurial activity in Egypt during the COVID-19 pandemic. This is a significant finding for the industry, considering that many respondents cite financial risk as a barrier to entrepreneurship. Nielsen discovered that nearly 80% of Egyptians are aware of the direct selling model in which independent representatives sell goods or services outside a traditional retail environment. When bricks-and-mortar stores were forced to close, e-commerce-based businesses experienced a boom globally, as more people went online to purchase the goods and services they needed.

9 freshmen participated within the five-day Innovation and Entrepreneurship Development Mindset, which uncovered them to innovation and entrepreneurship.

This mindset was the inspiration behind the Creating a Development Mindset via Innovation and Entrepreneurship program. “The extent of friendship on this present was unimaginable,” stated Stacy. “We undertake a development mindset within the entrepreneurship division.”

Entrepreneurship plays an important role in developing and strengthening the economy of any nation, Haryana Lieutenant Governor Bandaru Dattatreya said here ...

Entrepreneurs will play an important role in 21st century India, he said. "Many economic and social problems, such as poverty, unemployment, wealth inequality, low productivity, low standard of living can be got rid of by the development of entrepreneurship," he said. "The possibilities of sustainable development in entrepreneurship can be increased only by providing skills to the youth," he further said.

Kurukshetra, Aug 22 (PTI) Entrepreneurship plays an important role in developing and strengthening the economy of any nation, Haryana Lieutenant Governor ...

“Entrepreneurship plays an important role in developing and strengthening the economy of any nation. “The National Education Policy (NEP) envisages holistic, future-oriented, job-oriented and skill-oriented education. For this skill has to be promoted in every field,” he said.

The New National Education Policy-2020 has given special focus on skill, employment oriented and vocational education as a result of which the 21st century ...

Economic expert and sahsangathak of Swadeshi Jagran Manch, Satish Kumar said that Haryana is the most suitable place for entrepreneurship and self-employment. The New National Education Policy-2020 has given special focus on skill, employment oriented and vocational education as a result of which the 21st century will be the century of India and Entrepreneurs will play an important role in this, Haryana Governor and Chancellor of Kurukshetra University Bandaru Dattatreya said on Monday. Speaking as chief guest in Entrepreneurship Encouragement Programme organized by Youth Red Cross, Kurukshetra University on Monday under Swawlambi Bharat Abhiyan, he said India is a country of youth and the possibilities of sustainable development in entrepreneurship can be increased only by providing skills to the youth.