5 ways productive business owners fight distractions and stay focused

It’s no secret that Americans are stressed. A recent study shows 3 out of 4 Americans experienced a symptom of extreme stress in the past month. Throw entrepreneurship into the mix, and you’re primed for a breakdown, or burnout at the very least. The good news? It doesn’t have to be this way.

This is why self-care is important.

The term “self-care” is nowadays often associated with skincare routines and Netflix, but in reality, it’s much more than that: It’s valuing yourself and your health enough to graciously set boundaries and say no. That way, you bring the best version of yourself to your job and relationships day after day.

I’ve started several companies, sold two, and recently started a new gig as VP of Growth & Ops for Steadfast Media (hi, guys!) while running Honey & Vinegar, so it’s safe to say I’ve been one tired woman. There were

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Making Time for Professional Development When Owning a Business


8 min read

Opinions expressed by Entrepreneur contributors are their own.


This article was written by Alex Sixt, a member of the Entrepreneur NEXT powered by Assemble content team. Entrepreneur NEXT is our Expert solutions division leading the future of work and skills-based economy. If you’re struggling to find, vet, and hire the right Experts for your business, Entrepreneur NEXT is a platform to help you hire the experts you need, exactly when you need them. From business to marketing, sales, design, finance, and technology, we have the top 3 percent of Experts ready to work for you.

Whether you’ve been a business owner for years, or you’ve just begun your journey into entrepreneurship, professional development is likely one of the last tasks on your mind. With so many business needs pulling you in multiple directions, it can be easy to forget to spend time developing yourself.

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Why Right Now Is the Best Time Ever to Start a Business


4 min read

Opinions expressed by Entrepreneur contributors are their own.


“I am really concerned about starting a new company right now. I think the world is too unstable and it’s just too risky,” a very close friend of mine was relaying to me the other day. “I have a job. I don’t want to voluntarily quit, have my company fail and then struggle to find something on the other side.”

“You need to look at things differently,” I responded. “You need to look at the extraordinary opportunities and the lower barriers to entry for starting a company right now. You can have access to people and talent that you would not have had previously.” 

“Yes, I know, but I am still worried,” my friend immediately responded. “I guess I want to have my cake and eat it.” 

As technology futurist Kevin Kelly would say, right now

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How to Make Smart Bets in Business


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Business is full of bets, especially where investing is concerned. If you’re interested in rolling the dice by purchasing a business, making an angel investment in a startup or even allocating your hard-earned money for your first employee, it’s important to know what makes a smart bet and how to protect yourself from a worst-case scenario. It’s worth stating that even deciding to go into a business of your own is a form of a bet, and merits the same type of background due-diligence.

This may require testing or gaining new knowledge, but a thorough understanding is critical, especially with glaring statistics regarding the failure rate for startups at a whopping 50 percent, according to Small Biz Genius. With statistics like these, there’s no way to ensure success. However,  there are definitely ways to think through

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10 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Poor performance in business doesn’t always imply the failure of a business. It can be an improving point for a business or mark its upward trajectory. Hiring an expert or a coach to walk you through this stage can help you minimize the chances of failure although identifying the problem first can be a great way to create a long-lasting strategy. Whichever path works best for you, improvement should be the ultimate goal.

We asked entrepreneurs and business owners on their best business or entrepreneur turnaround story and here are the responses.

#1- Reed Hastings

Photo Credit: Paige Arnof-Fenn

Everyone always talks about Steve Jobs and Apple but my vote now goes to Reed Hastings at Netflix. When it launched in 97 it was a DVD rental business whose only real value proposition was the mail-order element of its operation. Fast forward 20+ years and Netflix has become one of

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Business Entrepreneur: Being the tenant

For many business entrepreneurs who are renting premises from which to operate their businesses, COVID-19 and the hard lockdown has forced many to relook at their lease agreements.  Many entrepreneurs suddenly realise the weakness of their contractual position and the strength of the landlord’s position.  In many instances, the entrepreneur may have signed personal surety and are therefore joint and severally liable together with the business under the lease agreement.

Entrepreneurs may notice that their lease agreements have no force majeure provisions, hardship clauses or even mediation or alternative dispute resolution provisions.  Many lease agreements entered into with large corporate landlords have breach provisions that are one sided and all in favour of the landlord.  In fact, your lease agreement may fail to have any provisions dealing with breach by the landlord.  We have found that many tenants that have their businesses and leased premises in shopping malls, where additional

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Cybersecurity Practices That Protect Your Small Business


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Success instills pride. Unfortunately, valuable possessions also attract thieves. Entrepreneurs think lack of customers, bad service and limited capital are what causes bankruptcy. Try being a victim of cyber crime.

The National Cyber Security Alliance found that 60 percent of companies that are victims of a cyber attack go out of business within six months. The average loss is $200,000, according to a 2019 report by insurance carrier Hiscox. That’s a hefty sum for startups, most of which are already reeling from the virus outbreak. Currently, 15 percent of small businesses do not expect to survive the recession, which means a cyber attack would have devastating consequences.

Here are cybersecurity practices that protect your business.

Train staff on security protocols

While big companies get all the media attention, hackers also exploit smaller organizations. It’s partly because

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Need a Business Idea? Here Are 55.


This article has been excerpted from 55 Surefire Home Based Businesses You Can Start for Under $5,000 and other great resource books published by Entrepreneur Press.

Today, tens of thousands of people are considering starting their own business, and for good reasons. On average, people can expect to have two and three careers during their work life. Those leaving one career often think about their second or third career move being one they can run out of their own home. The good news: Starting a home-based business is within the reach of almost anyone who wants to take a risk and work hard, as are a plethora of other low-cost ideas.

1. ACCOUNTANT
Experience, training or licensing may be needed

Create a flier outlining your services. Before you do that, you need to know what those services will be. Do you want to simply do bookkeeping for a small business?

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How to Use TikTok to Promote Your Business


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Does the hottest new social media platform TikTok confuse you? To some, it probably seems like just a lip-syncing video app for teens, but it’s much more than that. 

If you use TikTok just right, you can introduce your business or product to a huge audience. In fact, according to InfluencerMarketingHub, TikTok has 500 million users worldwide, and it was the most downloaded app for Apple in Q1 2018.

Of course, TikTok isn’t the right platform for all types of businesses. Here’s how you can determine if it’s right for you.

Related: TikTok Isn’t Going Anywhere

Study the platform.

The last thing you want to do is join a social media platform and look like you don’t know what you’re doing. To avoid getting shunned by users on TikTok, you need to study the platform. By

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10 Lessons Every Entrepreneur Should Learn About Their Business


7 min read

Opinions expressed by Entrepreneur contributors are their own.


I co-founded a company 10 years ago, and in that decade we’ve closed seven M&As, expanded our operations, dramatically increased revenue and forged strategic partnerships. But of course this journey had its fair share of highs and lows. Here are 10 things I’ve learned that I think can be helpful to any entrepreneur. 

Related: How One Franchise Company President Makes Better, Faster Decisions During Uncertain Times

Know when to say no to a deal

Early on, an investor offered $25 million to acquire ironSource, even upping the bid to $40 million two months later. We turned the offer down. When you’re in this position, it’s critical to deeply question yourself and to be brutally honest. I certainly was. If your goal is to create something and then move on to your next challenge once your business

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