Many in venture capital preach the gospel of raising equity, saying that a small piece of a large pie is better than a large piece of a small pie. This is often self-serving. Although sometimes raising equity makes sense, entrepreneurs are too often on the side of parting ways with equity too easily, so that isn't the best advice.
Many people dream of becoming an entrepreneur. After all, you're in total control of your career path, you have a flexible work schedule, and your salary is a direct reflection of your efforts. With automation tools, outsourcing platforms, digital marketing channels, and turnkey e-commerce options that are affordable and accessible, it's never been easier to start your own enterprise.
As we shift from a resource-based economy to a market rooted in innovation, companies are increasingly looking to the startup ecosystem to remain competitive. It's no longer simply about trading on their cool factor; corporations want to gain a deep understanding of the culture of collaboration and partnership that drives startups' success.
According to Alberta's Centre for Innovation Studies, Canada has the second-highest level of entrepreneurial activity in the world. Having been with eBay Canada for more than a decade, and having spoken to eBay sellers across the country, I have firsthand proof that the entrepreneurial spirit is incredibly strong in Canada.
Being a female worker in Indonesia is not easy. Juggling life as a mother, wife, child, and worker, turns your days into endlessly tiring routines. Although Indonesian women have been living like this for so long, it is time that the suffering ends and new initiatives arise which both empower women while still giving them a chance to spend more time with their families. One solution would be to encourage more and more women to become entrepreneurs.
Freedom is one of my top values and I truly appreciate having the power to choose my schedule and work location. That all being said, there are some quirks to this lifestyle and that's what I'm covering right here. If you're an online entrepreneur -- or if you work from home on the regular -- this will be right up your street.
Canggu is a visually stunning paradise where rice paddies meet ocean. Like most of Bali, it is full of kindness, and very relaxed. Out on the roads, cars, trucks, buses and scooters press up against each other, snaking through black exhaust in an unhurried manner, everyone just emanating this "we'll get there eventually" vibe.
Business is really hard. Being successful is even harder. But, through all the bad days, all the mistakes, all the lessons learned, all the doubts and all the worries, if you can get up and do it anyway, it's worth it. All the sacrifices you need to make, all the sleep you won't get and all the money you won't see for awhile... it'll come.
Being friendly doesn't mean sharing every secret or disregarding competition. After all -- you're both after customers in a crowded marketplace. Just realize that strategically aligning with the competition can make your business better. McDonald's needs Burger King; FedEx keeps UPS on its toes. Healthy business rivalries help stave off complacency and will make your company stronger in the long run.
Getting a business off the ground takes many long hours and hard work -- but as any entrepreneur knows, it doesn't end there. Small business owners assume many roles -- from manager of sales and marketing to finance, HR and more. The challenge can be finding time to manage these day-to-day operations and grow the business.
Boyi's is just one tale among many immigrants who each have a unique story that helps define Canada. Their successes help build a country that is rich in diversity and a home where newcomers thrive. And as someone who has thrived by inspiring others, Boyi believes his meaning in life is "worth what I am for others, for the community."
I like to conduct year-end reviews of myself. I review my intentions from the previous year. Where did I move forward? Where did I not? Where must I course correct to steer my life and business in my intended direction? I ask myself what I truly want for the upcoming year and I determine my plan of action.