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Entrepreneur Magazine

Entrepreneur Magazine April/May 2019

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Entrepreneur magazine is the trusted source for growing your business and offers surefire strategies for success. Whether you are just thinking of starting a business, have taken the first steps, or already own a business, Entrepreneur offers the best advice on running your own company

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United States
Entrepreneur Media Inc.
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14 Numeri

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4 minuti
you are just six steps away

YOU ARE six steps away from your goal. So am I. So is everyone. And I mean it! Regardless of our circumstances, career paths, or past accomplishments, we are all six steps away. But here’s the kicker: We can never see more than one step ahead. This is a little mental trick I came up with recently as a way to help a friend of mine. He’s stuck in his career, working a job he hates but unsure of what to do next. “How do I know what direction to move in?” he asked me. Should it be music, which is his first love? Or tech, which he’s interested in? Or content production, which he’s developed a knack for? He’s been asking me this for months. But because he can’t decide which step…

7 minuti
the (re)making of minted

When Mariam Naficy launched Minted in 2008, she wanted to create a niche business, one that would crowdsource stationery designs from independent artists, ask consumers to vote for their favorites, produce and sell the best-performing creations, and share a portion of revenue with the original designers. But Naficy underestimated consumers’ interest in what she was building, and she soon found herself at the helm of a massive venture-backed design platform that was growing far beyond her original vision. So she rolled with it—adapting right alongside her company. Now Minted’s team is 400 strong and the company is generating revenue in the “hundreds of millions of dollars.” Naficy talked with Entrepreneur about letting the business lead the way, carefully selecting strategic partners, and building a team that doesn’t require hand-holding. Minted has…

3 minuti
cyber south: louisiana continues tech sector growth

In Louisiana, global technology firms and fast-growing startups continue to find a conducive business climate, a reliable talent pool and productive partnerships with colleges and universities statewide. That trend continued in 2018 with several key wins. In June, Austin-based global software company Accruent announced an expansion to New Orleans, also home to DXC Technology and GE Digital. Accruent, which will fill 350 New Orleans jobs by 2020, optimizes solutions for real estate, facilities and equipment solutions through internet-of-things, or IoT, technology. Accruent considered New Orleans more cost-effective than mature tech hubs with tighter labor markets. “Since 2012, New Orleans has led the nation in technology job growth, and we are pleased to continue this trend with the talent we need to support our strong acceleration in new technologies,” Accruent CEO John Borgerding…

2 minuti
find your perfect work-life balance

1/Schedule it. “Google calendars truly are amazing—we block out hours on them to create the free time and head space we need as cofounders. From ‘No-Plans Wednesday’ nights to daily lunch and work blocks, we use organization to create balance. Also, did you know that Slack has a snooze feature? Highly recommend between the hours of midnight and 6 a.m.!” —JORDANA KIER, cofounder, Lola 2/Announce it. “I make it clear to the people who work for me that I need a break to recharge. I only unplug when I have provided the context to the rest of the team so that it’s never unexpected. I make time to be with family, eat, watch movies, and not talk about work. When 99 percent of my conversations revolve around work-related issues, simply not talking about it…

3 minuti
lessons learned from the highs and lows of entrepreneurial success

Brett Beveridge was in his last semester at the University of Miami in 1989 when he launched his entrepreneurial career. At the time, cell phones were gaining popularity. With little-to-no money, he and a college buddy started a cell phone company out of the back of a van. “We would drive around and set up shop in parking lots around South Florida,” Beveridge says. At 24 years old, Beveridge faced his first lesson when the person responsible for activating the cell phones wouldn’t pay back $250,000 he owed them. In need of every penny, Beveridge and his partner confronted the man. “When we arrived, we learned that he was going out of business,” he says. “Things became heated. He pulled open his jacket and flashed a gun.” Beveridge and his partner left…

6 minuti
finding profit in waste

Stephanie Benedetto has always been a material girl—not in the Madonna kind of way, but as a wild child of fabrics. Her great-grandfather came from Austria in 1896 to New York City’s Lower East Side and made coats and boleros out of other immigrants’ furs. Her family has been in textiles ever since. But when Benedetto came of age, she didn’t want to simply carry on. As much as she loved the business, she hated its waste. The $800 billion global apparel industry, with its ever-faster fashion, has become famous for its squander. It slurps up water like no tomorrow—literally, because at this rate, it will cause extreme scarcity in countries like China and throughout Asia by 2030, according to a report by the Boston Consulting Group. And every year, fashion…