Entrepreneurs have one thing in common—they always look for opportunities to learn and grow. To gain an understanding of running a viable business, you need to listen to the experiences of those who have emerged triumphant in the business world. A great way to do so is by tuning into a vast number of business and entrepreneurship podcasts scattered across the internet today.
Entrepreneurs are a special breed of person. They’re go-getters, risk-takers and dreamers. Yet, even the most driven entrepreneur needs to take a break from time to time. Spending every second of your day on your business is stressful, and you will lose your drive very soon. If you want to stay energetic and ready to take on new challenges at work, hobbies are what you need.
Whether you love or hate him, there’s no denying that Jeff Bezos is one of the most successful entrepreneurs of our generation. Bezos, the founder of Amazon, has built a business empire encompassing everything from ecommerce and cloud computing to artificial intelligence (AI). What can we learn from Bezos, one of the world’s wealthiest men with a net worth of US$151 billion? Here are six key lessons that all entrepreneurs can learn from the billionaire:
One of the biggest concerns of employees in the post-COVID world is work-life balance. Most people want the flexibility to work remotely and avoid the hassle of commuting every single day. But how do you achieve that? By freelancing, of course! However, freelancing comes with the challenge of constantly finding new clients. To save themselves the trouble of finding new clients, people have moved from freelancing to “permalancing”.
Short for customer relationship management, CRM is an amalgam of tools and tactics under marketing technology (MarTech). It enables companies to organize and exploit their customers’ data strategically. By analyzing this data, marketers can better understand their customer’s needs and suggest ways for businesses to refine their strategies for better market performance and customer relationships.
Picture this: You just recently got hired at a new company. You want to impress your boss, so you give every single task your 100%. But over the course of your time at the company, you realize you aren’t getting anything out of this extra work you’re putting in. Hence, instead of going the extra mile, you start to log off at 5 PM as you are supposed to.
As the world increasingly moves online, businesses need to have a strong ecommerce presence to remain competitive. Once you’ve set up all your ecommerce essentials, from setting up payments to managing delivery and inventory, you have to figure out how to make it all profitable. There are a few things to consider when developing your ecommerce strategy. First, you need to understand your customer base and what they want from your online store. Secondly, you need to set some realistic goals for your ecommerce business.
“Work hard, play hard.” Most of us have heard this phrase at some point. A simplified version of today’s hustle culture looks like this: you work every day, hoping to set yourself up for success. Often, people focus so much on the first half of this equation that they never have time to “play hard”.
As of 2021, US$6.6 billion has been spent on blockchain solutions. The technology not only underpins the global cryptocurrency market but also provides unique utility for other sectors, like healthcare, logistics and real estate. A blockchain is a decentralized digital ledger made up of blocks that record data across a peer-to-peer (P2P) network. Once information is stored on this ledger, it becomes near impossible to delete, alter and hack.
Whenever most of us get the munchies, we probably snack on candies, chocolates, potato chips and so on. Who doesn’t like treating themselves to some delicious bites to get through a busy work day? Sure, these snacks can bring us joy when taking time off from the hustle and bustle of work, but healthy snacks, like fruits, nuts and veggies, can go a step further to add to our productivity.
Picture this, you go up to your boss and say that your manager has been making you work overtime every day of the week and calling you over the weekend for work-related issues. Instead of speaking to your manager, your boss smiles at you and says, “Thank you, your hard work is sincerely appreciated.” This is a clear example of how toxic positivity operates in the workplace.
“Going to Africa. Hope I don’t get AIDS. Just kidding. I’m white!” reads the tweet of Justine Sacco, the dismissed Public Relations executive of New York-Based holding company InterActiveCorp (IAC). This tweet may be old, but it makes a case for social media monitoring by employers. After all, employees are mouthpieces of a company, and what they say can shape the image of a company.
It seems like just about anyone is creating some kind of cryptocurrency these days. In April this year, news broke that Meta founder Mark Zuckerberg was planning on creating his own centralized-social token (dubbed “Zuck Bucks” by Meta’s employees) to reduce the company’s dependence on advertisers. This currency would operate like tokens inside a video game, meaning that you could use them to buy items on Meta’s platform.
Anything you’re interested in, no matter how niche, probably already has a community on Reddit. Reddit is a discussion website where people make up communities, or “subreddits”, for just about everything, from health tips, funny videos and terrifying fictional stories to those dedicated to simply venting about annoying things.
So you’re an entrepreneur; you’ve started a business and are trying to make it work. That’s amazing, and you should be proud of yourself! But even the best entrepreneurs need help, which is why it’s important to learn from other successful business leaders. We know it can be tough to know who to trust when looking for advice or mentorship on running a business.
On January 11, 2022, Google announced that its cloud division had bought Israeli cybersecurity startup Siemplify. While financial details of the agreement were not disclosed to the public, a source said Google paid a total of US$500 million for Siemplify.