Jason Graf, CEO and Co-Founder of CrowdIt, contributed this article to BusinessNewsDaily's Expert Voices: Op-Ed & Insights. Starting a new business isn't easy, as many successful people will tell you. There are several reasons as to why, but the truth is one of the main reasons new businesses fail is because of a lack of funding. This is a problem that I have faced as an entrepreneur and I certainly won't be the last. So what resources are available to overcome this challenge? Crowdfunding is an innovative way to gain funding for a new venture, especially in a time where people are feeling disenfranchised from the more traditional ways of attaining funding (via a financial institution or from a venture capitalist, for example). So what can you do to help improve your crowdfunding project to raise the capital you need for startup success? Video Especially passionate and enthusiastic videos —showing your product and service, if possible — have been shown to increase … [Read more...] about 15 Simple Ways to Increase Odds of Crowdfunding Success
Life of a successful entrepreneur
Starting a business is no small feat. It takes a lot of time, money and energy to launch a successful startup, even if your business is your only focus. Mothers who decide to become entrepreneurs have to balance the equally demanding roles of parent and business owner, and anyone who has taken this path will tell you it isn't an easy one. "Mompreneur," a portmanteau of "mom" and "entrepreneur," has emerged as a term for mothers who take on the daunting task of juggling motherhood and a startup. These ambitious female entrepreneurs tirelessly strive to achieve both personal and professional success, and often prove themselves true masters of work-life balance. Rachel Katz Galatt and Lara Galloway are two such mompreneurs. Katz Galatt, CEO and founder of Maternal Science, Inc., launched healthy mama, a brand that makes safe, natural remedies for pregnant and nursing women, after her own experiences during her first pregnancy. Galloway, founding member of online counseling service … [Read more...] about Mom Businesses: How to Be a Successful ‘Mompreneur’
With today's technology, it's no surprise that many jobs can, in fact, be done outside of the office. The workplace is becoming increasingly digital, and increasing numbers of employees are opting to work from home, travel or create their own schedule. Enter the age of digital nomads."Having a job that allows you to be a digital nomad is the ultimate flexible work environment,” said Phil Shawe, co-CEO and co-founder of translation service provider TransPerfect. "With just a laptop, Wi-Fi connection and [a] phone, you're armed with everything you need to do your job and be successful."Most people dream of the chance to live life on their own terms while getting paid to do what they love, but what is it like to be a remote worker? We asked several members of the digital nomad community about the pros and cons of the digital nomad lifestyle and what a day in their lives is typically like.There are some obvious upsides to working remotely, from selecting your office each day to … [Read more...] about Inside the Life of a Digital Nomad
If you rounded up a group of successful entrepreneurs and put them in a room together, you might discover that they have many things in common – including certain personality traits.Although there are no set characteristics that guarantee a person's success in business, many of those who take the entrepreneurial plunge share qualities like passion, a sense of social responsibility and a desire to help others, according to a 2015 study by U.S. Trust.Here are some other personality traits exhibited by many entrepreneurs.They have a reason for what they do. They've found the "why" that makes them soldier on through the ups and downs of being an entrepreneur."Successful entrepreneurs realize they can't do it all," said entrepreneur and author Ian Balina. "Rome wasn't built in a day; neither are great companies. The goal is to consistently solve problems each day, and over time those wins add up."Those who have success in entrepreneurship are willing to be different, very quick, and … [Read more...] about What Traits Do the Most Successful Entrepreneurs Have in Common?
Is "entrepreneur" just a euphemism for erstwhile troublemaker? A new study exploring the personality traits of successful entrepreneurs suggests that people like Bill Gates and Mark Zuckerberg might share checkered pasts as well as hefty salaries. The University of California, Berkeley study, which focused on debunking the myth that entrepreneurship doesn't pay off for most, found that entrepreneurs actually earn about 50 percent more than their salaried counterparts working in the same industry with the same level of education. And the researchers, Ross Levine of Berkeley's Haas Economic Analysis and Policy Group and Yona Rubinstein of the London School of Economics, found that entrepreneurs are identifiable not only by their earning potential, but also by certain character traits that appear throughout their youth. The study showed that many people who succeed in novel ventures have high IQs, come from stable families with parents who earn higher than average incomes, and have … [Read more...] about Do Troubled Teenagers Make Successful Entrepreneurs?
When is the best time in life to start a business? There's no "right" answer to this question, of course — every entrepreneur's experience is different. But based on the seeming abundance of 20-something Silicon Valley startup founders, it's easy to think that the younger you are, the better off your business will be. By that same logic, it's also easy to assume that entrepreneurs who are approaching retirement age may be too out-of-touch with current technology and culture to succeed in the business world. On the other hand, many founders who started their business after age 50 say their decades of experience have been their greatest advantage. If you're an older aspiring business owner, don't assume you missed your chance at entrepreneurial success. Here's why it pays to jump into the startup game later, and what you can do to make your business flourish. [What Gen X Entrepreneurs Need to Know About Millennials] You're more experienced. Youth may equate to optimism, but younger … [Read more...] about Starting a Business Later in Life? Tips for Older Entrepreneurs
How you start your morning sets the tone for the rest of your day, so your a.m. routine is important, especially when you're in charge of an entire company. Wondering what a morning in the life of a successful entrepreneur is like? Business News Daily asked business owners to share the first thing they do in the morning. From hitting snooze and drinking coffee to exercising and planning out their to-do lists, here's what 63 different entrepreneurs said they do when they wake up. No. 1: "'Feared thing first' has been one of my entrepreneurial go-tos. Whatever I dread the most on my to-do list is the first thing I want to cross off in the morning. The adrenalin rush of conquering this intimidating task drives me through the rest of the day." – Nancy Cleary, publisher and owner, Wyatt-MacKenzie Publishing No. 2: "Typically, I'm already up by 6 a.m. I usually just refresh and do my transcendental meditation before I look at my email and social media — although it's … [Read more...] about 63 Entrepreneurs Share the First Thing They Do Each Morning
Everyone knows that business owners end up wearing a lot of hats. A day in the life of an entrepreneur might include sales calls, marketing meetings, client lunches, press interviews and dozens of other things that advance the progress of the business. But entrepreneurship isn't all about big, forward-thinking strategic moves. There are a lot of smaller tasks that startup founders take on, and whether or not they expected to be doing them, all of them are necessary to keep the business going. Nine entrepreneurs shared the most surprising items they include on their daily to-do lists. Take brainstorming walks. "One of the habits that has served me well over the years is taking long walks [during] lunch with an employee every day. I find that talking in the same direction together connects people. It is less intimidating, and is a casual yet effective way to brainstorm. Many of our creative ideas came out of these talks. It's also good for our health!" – Aytekin Tank, founder and … [Read more...] about 9 Surprising Things Successful Entrepreneurs Do Every Day
Being an entrepreneur is a mindset. We see a problem or an industry that is lagging and we feel a need to better it. We think: Why are we still doing it this way? How could we do this better? Smarter?This led me to create Washos.The idea was sparked on a weekend drive down the PCH during a routine visit to Los Angeles. As we drove, I noticed the plethora of car clubs out for drives, vintage cars on display and customized motorcycles cruising by. I was struck by the intensity of southern California's car culture. A lightbulb went off and suddenly it struck me – these cars and motorcycles on the road may create a lot of traffic, but they also create an opportunity.I've always been an entrepreneur. I founded three companies in France and sold the last one to a large online media group before coming to the U.S.Moving was a dream for me. While I love France, shortly after my son was born, it became even more apparent that Paris was no longer the right environment for our family. … [Read more...] about How a French Entrepreneur’s California Dreaming Led to a Conquest of the West Coast
Like lots of kids, I dreamed of being an actor when I grew up. From my small town in Venezuela, the lights and cameras of Hollywood were exciting and alluring. They also seemed impossibly far away.The distance wasn't just geographical. Becoming a famous TV star felt especially out of reach for me, because there weren't a lot of people who looked like me on TV. I was too fat.I come from a culture and family that celebrates food. Cooking for and feeding others are ways of showing love. Our family gatherings featured incredible feasts, and I was always praised for cleaning my plate and having a healthy appetite. But all that eating took a toll on my young body: by the time I was 15, I weighed 314 pounds. Kids at school bullied me, calling me "Shamu." I was embarrassed by my body and ashamed of who I was.When I couldn't take it anymore, I became determined to lose the weight. But back then, I didn't have the knowledge to do it in a healthy way. I tried dangerous fad diets—anything to … [Read more...] about Why I Left a Successful TV Career to Become an Entrepreneur