By Sara Caroline Sabin — 2020
What does the future of entrepreneurship look like? To build a future-proof business, the key lies in your business purpose.
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The life of an entrepreneur isn’t necessarily easy. As the pop-culture phrase has it: “The struggle is real.”
For new and young entrepreneurs, there are some unique challenges that are especially difficult to overcome. If you’re just getting into the game, or you’re thinking about becoming an entrepreneur, be prepared for these eight significant hurdles.
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Overcoming challenges as an entrepreneur is part of the job description. But believing that you can do this, and scanning for the solutions to get you there, is what has helped these business owners achieve their goals.
While we have yet to see the full impact of the coronavirus pandemic, we have begun to witness its severe impact on our global economy. Businesswomen, specifically businesswomen of color, have been disproportionately affected.
Rob Chesnut: When you’re driven to do something that is bigger than yourself and you feel that what you’re doing is good for the world, that’s a powerful combination.
As simple as it sounds, having a strong "why" behind your business is an essential ingredient for becoming a successful entrepreneur.
There’s an essential, intangible something in start-ups—an energy, a soul. It inspires enthusiasm and fosters a sense of deep connection and mutual purpose. While this spirit persists, engagement is high and businesses keep their edge. But all too often, companies lose their souls as they mature.
Many of today and tomorrow’s social and environmental healers are and must be entrepreneurs.
Every entrepreneur has an opportunity to make a major impact within their own organization. You just have to know where to look.
By marrying purpose and profit, these innovative companies address social and environmental challenges in a way that is financially sustainable--a virtuous cycle that benefits all involved.