The Wealthy Entrepreneur Blog
"Successful entrepreneurs are not satisfied with status quo. They are constantly looking for new opportunities to improve their current situation and increase their impact."Â
Robert Gauvreau
Jay Steinfeld built Blinds.com into a $100 million e-tailer before selling out to Home Depot. Here are five things that made it a spectacular exit.Â
Win The Make vs. Buy BattleÂ
Companies like Home...
Is it better to own a big chunk of a small business or a minority stake in a big company?Â
It’s one of the fundamental questions all owners must wrestle with. Owning a relatively small slice of a big...
You can now buy a subscription for everything from dog treats to razor blades. Music subscription services are booming as our appetite to buy tracks is replaced by our willingness to rent access to t...
Have you struggled to identify a recurring revenue model that will work in your business?Â
If so, you’re not alone.Â
Most owners understand the benefits of recurring revenue, such as predictable c...
Have you ever wondered what determines the value of your business? Â
Perhaps you’ve heard an industry rule of thumb and assumed that your company will be worth about the same as a similar size compa...
Much is made of analyzing the personality traits of successful entrepreneurs.Â
Some appear outgoing. Others are introverts. Some lean right, others left. Some are flashy. Others are monk-like with t...
When was the last time you calculated the percentage of your net worth tied to your company’s value?Â
When you started your business, its value was probably negligible. Unless you purchased or inhe...
If your goal is to grow your business fast, you need a positive cash flow cycle or the  ability to raise money at a feverish pace. Anything less and you will quickly grow  yourself out of business.Â
...
How many people can one person manage? Â
Harvard Business Review estimates the ideal range for an experienced manager is between five and nine direct reports. Inc. pegs the sweet spot at seven. Â
Th...
Survey a group of founders about the personality traits that made them successful, and they will be quick to use words like determination, sacrifice, and hard work. Others will show more humility an...
