Michael Cheng

431 Flips | 4 Magazines | 18 Likes | 1 Following | 18 Followers | @compvizard | Just a speck of cosmic dust in the universe

7 tactics you can implement right now to grow your startup

As a first-time founder or entrepreneur, knowing where to start when it comes to scaling your business can be extremely overwhelming. With an overabundance of resources telling you the <i>right</i> way to grow your startup, focusing on the wrong thing before having the basics down pat could spell …

Startups

Approaches That Work: Nine Ways Entrepreneurs Can Achieve Success

Being an entrepreneur can be a very difficult journey: Running a business successfully requires hard work and dedication. Approximately half of businesses fail in their first five years, according to a report on SBA.gov.<p>While this statistic is disturbing, you can improve your chances by taking the …

Entrepreneurship

5 Fundamental Tactics for Making Your First 6 Figures, No Matter What Industry You're In

Whatever your service or product, there are only so many ways to connect, build trust and make that all-important first sale.<p>5 min read<p>With billions of people using the internet and social media every day, there has never been a better time to generate revenue as an entrepreneur. Yet, if you spend …

Small Business

First-time Startup Owners in 2018: 5 Must-Have Startup Kits That Nobody Tells You About

These startup kits cannot be purchased externally.<p><b>Writing skills</b>: Believe it or not, sharp writing skills coupled with good oratory skills are big assets while you start-off with your first entrepreneurial venture. As a founder of a business/company, it is important that you master the skill of …

Writing

If You Want to Be a Successful Entrepreneur, You Need to Stop Doing These 3 Things

Cutting these three ways of thinking out of your life will help you become a better entrepreneur.<p>The road to entrepreneurship is incredibly self-reliant--which means that to succeed, you need to be emotionally attuned to the way you conduct yourself and your business.<p>I've worked with--and …

Entrepreneurship

Can Being Deceptive Help You Build Your Business? It Worked for These 5 Entrepreneurs.

We've all told little white lies. But what about the big ones? What if telling them would bring your business success?<p>We all commit little acts of deception, like saying we got stuck in traffic when we were really late to the meeting because we wanted to watch the last five minutes of a favorite TV …

Entrepreneurship

10 Worst Mistakes You Can Make as A New Boss

Failure is the key to success; each mistake teaches us something.<p>If you have plans of becoming a manager or taking on any leadership position, you can help yourself tremendously by being aware of the mistakes that hurt the reputations and relationships of new bosses. Here are the ten most common …

Leadership

5 Entrepreneurial Truths You Must Experience to Understand

There's no substitute for real-world learning. Here are a few lessons to watch for along your path to success.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Entrepreneurship is a dream for many people. Professionals enjoy the prospect of working for themselves, doing what they love, …

Entrepreneurship

15 Reasons You Should Start Your Own Small Business Today

If you're an aspiring entrepreneur waiting to start your own small business or side hustle, here are plenty of reasons to quit waiting.<p>Want to get really, really rich? Starting your own business is the best way. Want your upside to be unlimited? Starting your own business is the best way. Want to …

Self-improvement

6 Smart Money-Making Strategies Most Entrepreneurs Forget About

Looking for more cash flow as an entrepreneur? Most of us are. Use these six creative revenue streams to beef up your wallet.<p>When it comes to business, cash flow is king. As Simon Sinek explains, if your company is the car within your business, then money is the fuel that gets your car to from …

Business Strategy

Founders Keep Making These 9 Common Mistakes That Crush Promising Startups

Unique businesses die from ordinary mistakes every day. Quit thinking you're exempt.<p>10 min read<p>I've been in a lot of meetings where someone quotes that "90 percent of startups fail."<p>That's a myth, but even though the actual number is much lower, starting a business is undoubtedly hard and risky …

Small Business

The top 5 qualities of people who run successful side businesses

According to research conducted by freelance platform UpWork, freelancers are predicted to become the US workforce majority within a decade. So, what does that mean for those of us who haven't jumped aboard to side hustle bandwagon just yet?<p>It's time.<p>As founder of Side Hustle Made Simple, a coach …

Entrepreneurship

Warren Buffett Offers Up 6 Timeless Tips to Kick Start Your Way to Success

The Oracle of Omaha has handed out profound advice over the years. Here are six to seriously consider as you create your own success.<p>Warren Buffett knows a thing or six about creating wealth and success. The Oracle of Omaha has freely handed out profoundly simple (but profound, nonetheless) advice …

Self-improvement

10 Powerful Crowdfunding Tips All Entrepreneurs Should Utilize

Gone are the days when entrepreneurs could only rely on investors and banks for their capital.<p>Crowdfunding has opened a whole new world of …

Marketing

6 Apps to Help You Earn Money While Traveling for Business

Make money while you are off making money with these six apps.<p>As an entrepreneur, any opportunity to earn extra cash while building a career is a bonus. That doesn't have to stop while traveling away from the office either. Not only are there potential marketing and networking connections, monetary …

Apps

How 3 Entrepreneurs Came up With Their Business Ideas

When the right idea comes along, are you going to just dip a toe into the pool or do a cannonball into the deep end?<p>5 min read<p>Entrepreneurs are people who dare to dream and concoct ideas that can be translated into a successful business. Over 550,000 people jump into the entrepreneur pool each …

Entrepreneurship

8 Lessons I've Learned From the Top 1 Percent

Things are not always as perfect as they appear to be.<p>It's easy to judge people who make more money than 99 percent of the population, even when you consider just their interest income. It's even easier to look at the ultra-rich and believe they have no problems, and they have it all figured out. …

Self-improvement

10 Things Successful People Never Say

Cast out self-destructive thoughts before they prevent you from tasting true success.<p>So you want to be successful? Perhaps you’re inspired by the self-made entrepreneur touting her Rolex collection. Or perhaps someone’s exotic car collection on Instagram has motivated you to kick your professional …

Self-improvement

The idea that most successful startup founders are in their twenties is a myth — the average entrepreneur is much older

Mark Zuckerberg was 19 when he started Facebook from his Harvard dorm room. Steve Jobs was 21 when he launched Apple Computer from his family's garage. David Karp was 20 when he started his microblogging site Tumblr.<p>The list of successful, youthful Silicon Valley entrepreneurs is long, and it might …

Silicon Valley

10 Powerful Habits That Will Help You Become the Best Version of Yourself

Get the toxicity out of your life.<p><i>What are some habits that are good to get into? originally appeared on Quora - the place to gain and share knowledge, empowering people to learn from others and better understand the world.</i><p><b>Answer by Nelson Wang, founder of www.CEOLifestyle.io, on Quora:</b><p>These are my …

Top 10

If You Want to Hire Your Friends You Must Do These 3 Things

It's common for startup founders to hire their friends. Follow this advice to make it work.<p>When a founder starts a venture the company is comprised of the founder/co-founders, their laptops, and often a lot of coffee. After putting in time and energy on their own, it's a beautiful day when they …

Startups

Entrepreneurship Is All About Overcoming Obstacles

Confronting your own doubts and fears is the essence of being an entrepreneur.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Entrepreneurship is not a destination; it’s a journey. On this journey, successful entrepreneurs don't have an expectation of “arriving” to some finish line. If …

Entrepreneurship

I built my net worth to over $500,000 in 4 years — here are the 10 best pieces of advice I can give you about money

1/<p>1. Make a budget and track your spending<p>Sean Gallup/Getty Images<p>Tracking your spending and creating a budget is a must. Most people don't know …

Personal Finance

7 Signs That You're Not Busy; You're Just 'Busy Bragging'

We all need to look a little deeper and learn more about our work-related habits -- especially those of us who are caught up on our favorite TV shows.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Have you found yourself complaining about how busy you are, possibly to a spouse, friend …

5 Tips For The Stressed Out Entrepreneur

caio_triana / PixabayI was asked recently about the best advice anyone has ever given me about being an entrepreneur. My answer was simple: …

Why You Should Never Hire an Entrepreneur

Born company-builders belong in the wild, not in your organization.<p>The last time I went to work for someone else was more than 20 years ago.<p>I was barely paying my bills and had spent the previous several months renting office space from a chain-smoking, 70-year-old car dealer while trying to come …

Entrepreneurship

3 Ways an Entrepreneur Can Build a Brand That Lasts Centuries

Roe McFarlane, chief digital officer of Follett Corporation, shares 3 ways an entrepreneur can create a long-standing, respected brand.<p>Brand building is a hard topic to talk about in the age of digital. In many respects, brand loyalty is dying, and customers are flocking to companies that offer the …

Entrepreneurship

The age you're most likely to start a successful company isn't what you might think

Company founders can be as young as in their teens or as old as in their 80s. But is there an ideal age you should be when you start a company? It turns out there is, and it's older than you may think.<p>Those are the results of surprising new research by the National Bureau of Economic Research …

18 pros and cons of being an employee vs. being an entrepreneur

Both being an employee and being an entrepreneur have their own advantages and disadvantages. Entrepreneurs are often portrayed as happy and free, …

7 Effective Ways to Work Super Long Hours Without the Health Risks of a Workaholic

It has everything to do with your ability to mentally detach from work.<p>When we think of workaholics, we conjure up images of unshaven, bloodshot-eyed entrepreneurs working 80-hour weeks, eating junk food lunches at their desk (in the middle of a conference call), and getting up at 4 a.m. for …