18 business leaders given The Entrepreneur of the Year awards

SINGAPORE: Eighteen local entrepreneurs were awarded The Entrepreneur of the Year Award (EYA) 2018 on Wednesday (Oct 10).

Out of the winners, 11 individuals bagged awards under the Established Entrepreneur category, while another seven won under the New Entrepreneur category.

One Established Entrepreneur winner was Mr Derrick Yap, CEO of PBA International.

Mr Yap joined his father’s bearings distribution firm in 2002, ultimately turning it into one of Southeast Asia’s largest robotics and automation companies.

“The biggest challenge was the transition. We went from a low-risk business with a simple business model and short-term view, to a higher-risk

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What’s the Average Small Business Owner Salary?

When starting your own business, there will undoubtedly be surprises. One of those surprises could be related to your paycheck — or lack thereof.

After opening a business, most owners won’t pay themselves during the first year, said Kedma Ough, director of the Oregon Small Business Development Center Network. Many new owners are surprised when their profits are not high enough to support a salary that can fund their existing lifestyle.

“They are usually shocked when we are reviewing their personal financial statements, especially when they realize there is not a lot left for them to take as a salary,”

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Top 25 Young Entrepreneur Success Stories

For two years I scraped and scoured the internet hunting for the world’s top young entrepreneurs so I could harvest their secrets.

If I wanted to be successful, I had to learn from the best. I needed to hear their stories. How they started. How they grew. How they are building their empires right now. And I needed to hear it straight from their mouths.

So I narrowed my list of 100+ young entrepreneurs down to the top 25. We contacted them, gathered their secrets and published a book. Here’s a list of the world’s top 25 young entrepreneurial

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Entrepreneurship in the Bible

In previous posts, I have made the argument that entrepreneurship is a creative act made possible by the creative impulse that God gave us. In addition, it requires certain personal traits that God desires us to have.

If this is so, then that leads to the next logical question: Does the Bible provide examples of entrepreneurs?

Scripture contains several cases of entrepreneurship, but we must first make sure that we are using the proper definition of the word. Entrepreneurship is a creative act that brings higher levels of satisfaction to people, results in more order, and finds ways to create

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How Plant-Based Brands Are Infiltrating the Beverage Industry


6 min read

Opinions expressed by Entrepreneur contributors are their own.


Most of the beverages we drink on a regular basis are already plant-based: coffee, juice, tea, wine, beer and cider. Long before the modern environmental, health, and animal rights movements, virtually any beverage (except for dairy milk) people sip alongside their meals has come from a plant, be it directly or indirectly. Save for water, of course, which is obviously vegan-friendly, too. Whatever you’re drinking, in many cases, people have been drinking it for centuries.

But maybe not. As you probably know, Coca-Cola was originally made

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Business & Entrepreneur Networking | F6S

NYC Business & Entrepreneur Grade-A Networking Mixer

Join The NYC Business Networking Group (NYCBNG) for our monthly networking opportunity.

At our events, we focus on helping you create long term relationships, not just hard selling your products and services. This helps you build social capital among the members of our local community on an ongoing basis. We encourage you to leverage these relationships to enhance the value of our events and your business.

Meet a high calibre of individuals and company attendees. Members include professionals, executives, business owners, investors, lenders, entrepreneurs and startups from a diverse range of industries.

Network

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Division of Small Business – State of Delaware

Division of Small Business – State of Delaware





More information on the state’s response to Coronavirus (COVID-19) More Info




Image of the Delaware Division of Small Business logo

Find Local
Business Resources

Nearly 100 organizations, including nonprofits and government agencies, have more than 300 programs that offer all kinds of support for Delaware’s small business owners and aspiring entrepreneurs.

Find

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How to Test and Choose the Best Name for Your Business


6 min read

Opinions expressed by Entrepreneur contributors are their own.


The following excerpt is from Brad Flowers’s The Naming Book. Buy it now from Amazon | Barnes & Noble | IndieBound

When beta testing your business name, my first inclination is to say “Don’t.” Be confident. Stick to your choice. But that’s hard to do. You’ve likely never named a company before and will want some assurance that you aren’t totally crazy.

But some ways of getting feedback are better than others. Here’s how to set up a test for your name finalists.

Create a Deck

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8 Options for Small Business Startup Loans

The 8 Best Startup Business Loans

What is a Startup Business Loan?

A business startup loan is financing meant to help with the financial needs of a new business. Business startup loan proceeds can go towards things like working capital; the purchase of equipment, machinery, supplies, inventory, and furniture; and the purchase or construction of real estate. New business owners can also consider business credit cards, business grants, and crowdfunding.

One of the biggest challenges a new small business must face is obtaining the capital necessary to support their initial growth. New employer small businesses are the primary source of

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21 Entrepreneurs Who Failed Big Before Becoming a Success

Failure is a part of business. Very few entrepreneurs ever make it big without first experiencing some massive failures. Whether it be running a business into the ground, getting fired from a job or even going to jail, plenty of very successful entrepreneurs have seen huge failures before ever accomplishing their dreams.

So if you ever feel worn down or intimidated by the thought of failing, just take a look at these entrepreneurs who failed before making it big.



Entrepreneurs Who Failed First

Evan Williams

Before co-founding Twitter, Williams (pictured above) developed a podcasting platform called Odeo. But the

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Entrepreneur with CT ties helping small businesses navigate the loan process


UP NEXT

UP NEXT

(WFSB) – A Silicon Valley entrepreneur with ties to Connecticut is trying to help small business owners get the cash they need to survive.

Laura Bilazarian is on top of the world, but don’t let the pretty dress fool you.

She’s tougher than just about all of us.

Laura won a rugby title in college and built a big career on Wall Street, but she still eyed an even greater challenge: starting a small business.

“There’s not a day that’s not really extremely hard,” Bilazarian tells us.

But if you are the kind of person

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What is innovation? definition and meaning


Innovation is an Easter Egg Hunt


“Think about innovation as an easter egg hunt. Opportunities are more likely to lie outside the boundaries of where others typically explore, because these areas have been less exhaustively searched already.”


– Tom Murcko


Startups in 13 Sentences (#4)


“Understand your users. You can envision the wealth created by a startup as a rectangle, where one side is the number of users and the other is how much you improve their lives. The second dimension is the one you have most control over. And indeed, the growth in the

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Business Entrepreneur: Please Like our page and Share

Any business that wants to be successful must have in its genes a product or service that people need.  That product or service must also be affordable and present a value proposition to the customer or client.  The challenge for many businesses is linking the product or service with the customer or client.

Traditional means of advertising are costly and seldom represent a feasible value proposition for the small business entrepreneur.  It is here that social media platforms play an invaluable role in conveying the specifics of the product or services being offered.

Now many users of social media platforms

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The Complete 35-Step Guide For Entrepreneurs Starting A Business

Starting a business entails understanding and dealing with many issues—legal, financing, sales and marketing, intellectual property protection, liability protection, human resources, and more. But interest in entrepreneurship is at an all-time high. And there have been spectacular success stories of early stage startups growing to be multi-billion-dollar companies, such as Uber, Facebook, WhatsApp, Airbnb, and many others.

In this article, I give an overview of 35 key steps for entrepreneurs who are starting a business, with links to additional articles addressing some of the topics in more depth.

1. Understand the Commitment and Challenges Involved in Starting a Business

Starting

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Small Business Entrepreneur Grants Program

Up to $5,000 is available from the Small Business Entrepreneur Grants Program to help SMES to access professional advice and support in the early stages of their business.

 

Small Business Entrepreneur Grants Program

The Small Business Entrepreneur Grants Program provides small businesses access to planning, coaching and training to help businesses get a better start.

 

Background

The Queensland Government through the Office of Small Business (OSB), Department of Tourism, Major Events, Small Business and the Commonwealth Games (DTESB) has made the Small Business Entrepreneur Grants available to newly started small businesses to enable them to access professional advice and support

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Business Incubation Toolkit | infoDev

A training program from the World Bank and infoDev for business incubator managers in emerging markets and developing countries

The Business Incubation Management Training Program was created for business incubator managers and stakeholders in developing countries and emerging markets. Through its network of certified facilitators, infoDev has helped more than one thousand people increase their understanding of business incubator models, how to finance an incubator, monitoring and evaluation, mentoring programs, and more.

The training program was designed for face-to-face delivery with each module requiring one day of classroom learning. To inquire about upcoming trainings in your country, contact the following

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Small Business Funding | Funding Solutions For Small Businesses

Small Business Funding Clients:  If you’re having trouble making payments due to COVID-19, please give us a call and we’ll work with you to potentially modify your payments.

Smarter, Faster, and Flexible.
We make funding easy. SM
Get Started!

Why Choose Us? It’s Simple

Faster Process

Approvals in 24 Hours,

Funding in Days

Easy, Simple Process

Minimal Paperwork Required for Application

Bad Credit – That’s OK

We Consider More Than Just Credit

Flexible Options

Multiple Lending Products to Fit Your Specific Business Needs

Personal Service

Consult With Your Own Dedicated SBF Funding Manager

Apply For Free

No Cost or

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Business Model



The Business Model

To extract value from an innovation, a start-up (or any firm for that matter) needs an appropriate business model. Business models convert new technology to economic value.

For some start-ups, familiar business models cannot be applied, so a new model must be devised. Not only is the business model important, in some cases the innovation rests not in the product or service but in the business model itself.

In their paper, The Role of the Business Model in Capturing Value from Innovation, Henry Chesbrough and Richard S. Rosenbloom present a basic framework describing the elements

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Thank You, Small Business

It has been a trying several weeks, but we have so much to be proud of.


3 min read

Opinions expressed by Entrepreneur contributors are their own.


It is hard to believe that six weeks ago we were all living life as we previously knew it and making plans for the life we thought was ahead.

It has been an exhausting six weeks. It has been a frustrating and angering six weeks.  It has been a scary and anxiety-inducing six weeks. It has been a life- and business-altering six weeks. 

And yet, every day — over and

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Management Development for Entrepreneurs | UCLA Anderson School of Management



The Management Development for Entrepreneurs program is an intensive learning experience incorporating lectures, case discussions and workshops, with 30 hours of instruction. Before arriving to lectures, entrepreneurs complete select readings and homework assignments that improve the depth and quality of in-class discussion. The MDE program manager gives participants the support needed to balance MDE activities with the demands of their businesses by providing them with lecture readings and materials, coordinating meals and parking, and communicating program reminders and updates.


Chosen from UCLA Anderson’s award-winning faculty, MDE instructors are distinguished for their contributions to entrepreneurial education and small business consulting. They

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