Most of the time, the stories we read about entrepreneurs tell of wild, seemingly effortless success: renegade inventors, Internet billionaires and oil-soaked magnates all dominate the headlines, setting lofty expectations for the millions who aspire to join their ranks. In reality, the road toward building a successful venture is pocked with mistakes and challenges that can seem insurmountable. For this week’s column, I spoke with three established business owners who shared the challenges they have encountered and the actions they took to persevere:
The U.S. Treasury Department’s Community Development Financial Institutions Fund announced yesterday that it would disburse more than $142 million to 155 groups throughout the United States that provide loans and financial services to low-income Americans.
One of those groups is the Intersect Fund – we’ll receive approximately $100,000 to strengthen our business training and lending capabilities. This will help us serve more clients and enhance our offerings.
Aspiring entrepreneurs come to me with a range of business ideas, but almost all have the same goal: quitting their day jobs and becoming their own bosses.
While the allure of building a full-time business from a part-time hobby is strong, striking out on one’s own is tricky. It involves not only building a profitable business, but also taking an honest look at oneself. A person’s business acumen, financial situation and risk tolerance all come into play as they ponder the plunge into full-time entrepreneurship.
If you find yourself on the precipice, consider these three questions:
After honing her craft for more than 30 years, seamstress and Entrepreneur University graduate Gretchen Campbell has built quite a repertoire.
“If you can wear it, I can make it,” says Campbell, who founded DeRiCheék, a fashion business, in 2004