Entrepreneurs – The following blog post will be about the best things for entrepreneurs. We all know that being an entrepreneur is tough and challenging, but there are many great rewards.
I will not give you the traditional items such as “have a great team” or “be innovative”, I know that they are basic, and most of them already know.
But there are some other things that don’t consider most people.
What is an entrepreneur?
An entrepreneur is an individual’s job and this creates a new business. This means that they have to start it from scratch bearing most of the risks and enjoying the highest reward/proportional profit.
What is entrepreneurship
Entrepreneurship can be defined as building and scaling a venture with the intention of obtaining profit.
Types of entrepreneurship
There are different types of entrepreneurs. They create different businesses depending upon the nature of their own personality and style.
Social Entrepreneurship
The main goal of social entrepreneurship is to create a benefit for human society and the planet as a whole.
A business need not be profitable, it can create ethical alternatives that can help humankind and the environment around them flourish.
Innovation entrepreneurship
Essentially what is seen by many as innovation entrepreneurship is more of a branch into different fields and methods.
These companies use different techniques to help ensure that they are standing out amongst other companies in search of consumer products.
Small business
Small business entrepreneurship means opening a business without turning it into a franchise or 30-store chain. A restaurant, a fish market, or a shop where you can buy handicrafts are all examples of small business entrepreneurship.
Big business
Starting a business in a large company, means you need to re-train yourself not to respond the same way as if you were doing a start-up. It requires focus and a big vision.
It is usually financed by a sizable investment. To grow a business, it is best to hire experts. They can find good opportunities and you don’t have to worry about making mistakes.
Who are the 10 most successful entrepreneurs in the world?
Jeff Bezos
Jeff Bezos was born in 1964 and he is the founder of Amazon. Amazon is not only a popular shopping destination but also an emerging company with several business ventures.
Bill Gates
Bill Gates is the co-founder of Microsoft Corporation. His net worth is $97billion and he is widely credited as one of the pioneers who revolutionized the personal computing industry with Microsoft’s operating system ‘Windows’.
Started in 1975, Microsoft now has diversified interests which led him to build a strong corporation in various companies including Facebook, Twitter, Youtube, LinkedIn, Reddit, and many more.
Warren Buffett
Buffett is one of the most well-known investors today. With a $82 Billion net worth, he has made it to the number 5 spot on this list. He currently owns Berkshire Hathaway which owns several companies and brands including Geico.
Bernard Arnault
Bernard Arnault is the chairman & CEO of the fashion conglomerate LVMH, the world’s largest luxury goods company.
His net worth of $76 billion also makes him Europe’s richest person. The group LVMH has more than 70 brands under its belt, covering diverse areas including fashion and jewelry in addition to wine and spirits.
Carlos Slim Helu
Carlos Slim Helu is the one of world’s richest people. He is the owner of America Movil, the largest telecom company in Mexico, has a net worth of approximately 64 billion dollars.
Amancio Ortega
Amancio Ortega is credited with co-founding Inditex, the popular fast-fashion company behind brands like Bershka. With a net worth of $63 billion, he is one of the ten wealthiest people in the world.
Larry Ellison
Larry Ellison is the co-founder of the software company Oracle. With a net worth of $62 billion, he is at #7 on this list. Oracle is mainly in CRM databases. And, with its recent acquisition of NetSuite, it took a giant leap in cloud computing.
Mark Zuckerberg
Mark Zuckerberg is the famous co-founder & CEO of the social network Facebook and now has a net worth of 62 billion dollars.
Since 2004, Facebook has been growing and expanding rapidly. Recently, Facebook acquired social network & messenger apps called Instagram & WhatsApp respectively.
Zuckerberg has pledged to donate 99% of his Facebook holdings towards charity.
Michael Bloomberg
Michael Bloomberg is the co-founder & CEO of the media giant Bloomberg. it is also financial services and software company. With a net worth of $ 55 billion, he is at #9 on this list of the wealthiest entrepreneurs.
He also joined the Giving Pledge, where he pledged to commit half his wealth to charity.
Larry Page
Larry Page is the co-founder & CEO of Alphabet Inc., the holding company of Google. Google is much more than just a search engine. In addition to housing the world’s largest searchable archive of information, Google provides many other popular digital services such as YouTube, Maps, Drive Cloud and Gmail.
Alphabet’s CEO is also taking various innovative initiatives in the health and smart home appliances sectors. With a net worth of $50 billion, he is at #10 on this list.
Best books for entrepreneurs
Below is a list of books to help you with both your personal and business life. These best entrepreneur books cover topics on the daily life of an entrepreneur and the hardships that come with it.
The 7 Habits of Highly Effective People by Stephen R. Covey
In his book “The 7 Habits of Highly Effective People,” Stephen R. Covey presents a holistic, integrated, principle-centered approach for solving personal and professional problems with penetrating insights and pointed anecdotes.
He reveals a step-by-step pathway for living with fairness, integrity, service, and human dignity.
Outliers by Malcolm Gladwell: Entrepreneurs
Malcolm Gladwell takes us on an intellectual journey through the world of “outliers”–the best and the brightest, the most famous and the most successful.
He asks the question: what makes high-achievers different?
Some people may find that we should pay less attention to what successful people are like and more attention to where they come from-or their culture, family background, generation, and the unique experiences of their upbringing.
Along the way, he explains the secrets of software billionaires, what it takes to be a great soccer player, why Asians are good at math, and what made the Beatles the greatest rock band.
Grit by Angela Duckworth: Entrepreneurs Book
This New York Times bestseller simply may be the best key to success that people have yet to discover.
A constant obsession with excellence, coupled with a relentless pursuit of goals, can get any individual to their goals – which is why “grit” is the key to success.
How To Win Friends and Influence People by Dale Carnegie: Entrepreneurs Book
“How to Win Friends and Influence People” became one of the first best-selling self-help books of all time.
Networking can give you many opportunities to impress people and create a good impression, which is especially important in situations that involve arguing or making friends.
Networking also will increase your status and authority and help you win new customers for your business.
Influence: The Psychology of Persuasion by Robert B. Cialdini: Entrepreneurs Book
This boos will teach you Cialdini’s Universal Principles of Influence and put into practice, you will learn how to become a skilled persuader that no one can refuse.
The E-Myth Revisited by Michael E. Gerber: Entrepreneurs
A classic, this updated version of the successful bestseller dispels the myths about starting your own business by Small Business Consultant and Author Michael E. Gerber. This book has sharp insight that stems from years of experience in the field.
Crush It! by Gary Vaynerchuk
In Crush It! Why NOW Is the Time to Cash In on Your Passion, Gary Vaynerchuk shows you how to use the power of the Internet to turn your real interests into real businesses.
Gary had spent most of his life building a family business from a small wine shop into one of the biggest players in the industry.
One day he turned on a video camera and by adopting the methods introduced here, he turned around his lives story and dramatically changed potential earnings.
By the end of this book, readers will have learned how to harness the power of the Internet to make their entrepreneurial dreams come true. Step by step, Crush It! is the ultimate driver’s manual for modern business.
Who Moved My Cheese? An Amazing Way to Deal with Change in Your Work and in Your Life by Spencer Johnson
The book “Who Moved My Cheese?” is a simple parable that reveals profound truths about change. The characters of this story live in a maze and search for cheese which would make them happy.
Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter
“Rich Dad Poor Dad,” tells the story of two dads, both of whom were Kiyosaki’s mentors in life. Kiyosaki taught that the book helps readers develop good financial habits and is based on his own real-life experiences growing up in a poor family.
The author uses the stories of two men in his European office to illustrate the need for a new financial paradigm.
The Psychology of Selling by Brian Tracy: Entrepreneurs
This book provides valuable insights to help you achieve your marketing goals by increasing sales. More sales professionals listened to his ideas and made seven figures as promised by Brian Tracy himself.
Thinking, Fast and Slow by Daniel Kahneman: Entrepreneurs
In Thinking Fast and Slow, Kahneman summarized his life’s work for the general public with clear explanations.
He also surmises that our thoughts are not controlled by reason, so it’s important to understand how we often fail ourselves.
My Philosophy for Successful Living by Jim Rohn: Entrepreneurs
Jim’s way of teaching was so powerful and memorable, that he could take complex concepts and present clever ways to think about them in a simple manner.
That positive impact continues today with this special edition of Jim’s My Philosophy for Successful Living.
It’s Jim at his best and includes teaching like: The American Economic Ladder and Girl Scout Cookies, The Philosophy of Performance and Productivity, Measuring Success in Your Financial House, Six Steps for Leading an Extraordinary Life, And lots more!
Leaders by General Stanley McChrystal, Jeff Eggers, and Jason Mangone: Entrepreneurs
In this book, McChrystal learns about leadership, especially regarding the level of control that it takes as well as how he is able to navigate any and every situation given to him.
The Startup of You: Adapt to the Future, Invest in Yourself, and Transform Your Career by Reid Hoffman
This book would explain the best practices for starting a start-up and it describes the hardships in the world. With this plan, the global problems would be reduced and the entire business around the globe will flourish.
The Entrepreneur Mind by Kevin D. Johnson
Inside this remarkable book is a list of 100 lessons every entrepreneur learns no matter what via seven parts. They are Marketing, People, Finance, Solutions, Strategy, and Motivation.
Lessons include topics like how to think big, what makes the best business partners, what captivates investors, when to abandon an idea for a new venture and why too much formal education can hinder your entrepreneurial growth.
Best colleges for entrepreneurs
Here is a list of the top 25 best colleges in America for aspiring entrepreneurs.
Stanford university
The Stanford business school continually ranks at the top of many influential lists, so it would be hard to argue with their emphasis on excellence, which in turn provides students with good education and related opportunities.
University Of California
Berkeley students interested in entrepreneurship will have access to the Lester Center for Entrepreneurship, which has a consortium of deans, alumni, industry experts, and faculty focused on innovation, education, and research in the most influential sectors of the global business community.
Massachusetts Institute of Technology
Along with entrepreneurship courses, MIT also offers its students a network of resources and centers.
A premier member of this network is Martin Trust Center for MIT Entrepreneurship offering courses from nearly every professional imaginable.
University Of California
The undergrad business program at UCLA is somewhere between fun and intense, depending on wherever and how you choose to spend your time.
The BA in LA Business Economics is a great way to transition into the workplace or for a new chapter after college.
University Of Southern California
The Marshall School of Business and the Leventhal School of Accounting host the Lloyd Greif Center which coordinates bachelor’s and master’s programs alike.
Undergraduates taking a business degree can build connections through joining university accelerators and entrepreneurship clubs.
Harvard University
Harvard Business School, the well-known school for the educational development of future business leaders through a case study method by Harvard faculty members, also houses the Gina Bianchini Rock Center for Entrepreneurship.
This is considered one of the most internationally recognized programs of its type at any school or institution anywhere in the world.
Several labs at Harvard have been dedicated to free, open-source software such as Processing, and the Technology and Entrepreneurship Center in the Kennedy School of Government.
New York University
Like Columbia, NYU’s location in the heart of New York City shouldn’t be underestimated. Close proximity with students offers a wealth of experience and expertise right at their fingertips. NYU has a ton of resources for its students, including the Leslie Innovation Studio, the Center for Entrepreneurship, and the East Village Institute. Undergraduate students can even major in entrepreneurship.
University Of Michigan
The Michigan Entrepreneurship Center is located on the campus of the University of Michigan and offers business-related resources to all students at the University. Beyond the school’s official programs, the Center offers a multitude of scholarship opportunities, grants, and undergraduate scholarships.
Columbia university
Columbia has an established alumni community and a prestigious entrepreneurship program in New York. Many undergraduate students pursue business degree programs with their liberal arts major.
Cornel university
Cornell University offers many resources to aspiring entrepreneurs. The Entrepreneurship across Cornell campaign, the established Entrepreneur Network, and the Entrepreneurship and Innovation Institute at Johnson Graduate School of Management provide young adults with a wealth of options.
Students in the College of Arts and Sciences typically start their entrepreneurial studies in Dyson College’s Department of Applied Economics and Management.
University Of Pennsylvania
Penn’s Wharton School is known in the business community for its entrepreneurship degree, and students have plenty of opportunities to study it. At the undergraduate level, there are a few options: they can major in Entrepreneurship and Innovation or as a Management subfield.
The University Of Texas at Austin
The Herb Kelleher Center for Entrepreneurship at the University of Texas at Austin offers aspiring business leaders an opportunity to develop their skills through coursework, extracurricular activities, and on-campus entrepreneurship incubators.
UT offers a Bachelor of Business Administration with an option to concentrate in entrepreneurship and is within commuting distance from the thriving Austin entrepreneurial
Carnegie Mellon University
For Carnegie Mellon undergrads, the opportunity to study entrepreneurship does not end with their business core curriculum. One of Pittsburgh’s top schools for entrepreneurial education, Carnegie Mellon is one of only a few universities offering formal courses in entrepreneurship.
The Center for Innovation and Entrepreneurship provides students ample opportunities to learn major skills.
Boston University
Boston University offers undergraduate students an Entrepreneurship concentration in their bachelor’s degree that includes a comprehensive curriculum on everything from small business management to private equity buyouts. The School of Management houses and Entrepreneurships Programs Office, which offers a variety of different events, including accelerator programs and competitions.
Duke University
Duke has something for everyone interested in entrepreneurship, including courses and experiences tailored to students majoring in traditional liberal arts.
University Of Washington
Every student at the University of Washington has access to entrepreneurship programs, which include a range of collaborative events and opportunities for freshmen.
University Of Illinois, Urbana-Champaign
The College of Business at Illinois is proud to offer a BA with a major in Management and Entrepreneurship through the Department of Business Administration. We also hope that students will get to study the problems, challenges, and issues of today’s business leaders.
Graduates of Illinois have gone on to work at some of the most prestigious companies in the country, as well as start their own startups.
Northwestern University
Northwestern University’s Farley Center for Entrepreneurship and Innovation FCEI is a premier institute seeking to combine the best of engineering and technology with the creative ambition of entrepreneurship.
University Of California, San Diego
The Entrepreneur Development Program at the Rady School of Management of UC San Diego provides a broad range of resources for entrepreneurs, such as networking events and conferences.
The undergraduate program at Rady offers a minor in business with an option to specialize in entrepreneurship. Like many schools in California, the school has a particular strength in technology.
University Of Maryland
The Robert H. Smith School of Business at the University of Maryland features the Dingman Center for Entrepreneurship, which gives students an immersive experience with entrepreneurship through curricular and extracurricular programs.
The Entrepreneurship track at Maryland prepares students for management, financial, and planning skills related to managing a business.
Yale University
Yale undergraduates may choose to earn their pre-M.B.A., an undergraduate major offered through the School of Management, as part of their college degree program.
Yale’s Entrepreneurial Institute assists both graduate and undergraduate students in launching their own ventures by providing them business skills to navigate the startup space.
University Of Colorado, Boulder
Colorado Boulder is home to the Leeds School of Business, which offers concentrations in management and entrepreneurship. A student beyond graduate with a specialization in human resources, information, or operations management will find distinct value within the entrepreneurial ecosystem of Boulder.
In addition to the wide range of academic programs offered at the university, there are many educational opportunities for aspiring entrepreneurs. One featured example is law school.
Georgia Institute Of Technology: Entrepreneurs
Georgia Tech’s Scheller College of Business is the home to the Institute for Leadership and Entrepreneurship, which offers students a variety of entrepreneurship-related opportunities.
Students taking leadership classes or who want to pursue social responsibility in their business can take courses through the institute, choose an entrepreneurship minor, or participate in several programs offered by Scheller College.
Georgetown University
For those looking to break into the business world, Georgetown’s McDonough School of Business offers a leadership and innovation major as well as an entrepreneurship fellowship program that provides mentoring opportunities and hands-on experience outside the classroom.
Startup Hoyas is a new Startup school program being offered for university students who are about to graduate.
University Of California, Santa Barbara
The University of California at Santa Barbara’s Technology Management Program will help aspiring tech entrepreneurs get a foothold among their competitors.
This not only includes undergraduate students who can pursue a certificate in Technology Management aimed towards starting and growing tech companies, but also professionals looking to improve their skills as well.
Best degrees for entrepreneurs
Students who are passionate about entrepreneurship and want to shoot for the best may need to look into undergraduate degree programs that span across multiple fields.
Business Degree: Entrepreneurs
A business degree teaches you how to take on responsibility in any setting. You learn how to form a business plan based on short and long-term goals, find funding sources for your company and deal with the realities of privately-held companies versus publicly traded corporations.
These are all essential skills that can help an individual success as they progress throughout their career. Some important topics that are covered in an undergraduate business degree program include accounting, economics, market research, human resources, marketing, and finance. A student will also learn about forecasting expansion; law in the business arena would be taught.
Accounting
Finance majors learn how to track cash flow, perform financial analyses, and complete accounting tasks. They learn to analyze balance sheets and income statements in order to run statistical equations or use financial ratios that give valuable insights about company performance.
Through the course of his time studying at such a school, a student learns more about investing and lending.
Computer Science
A computer science program will teach students the programming languages necessary to create web, software, and database applications.
When it comes to career choices, these programs prove especially effective. For example, graduates of UC Berkeley might have the option to study blockchain development because of their program.
Marketing
A marketing degree covers many more topics than just marketing. It teaches them how to identify and target a specific market, tailoring their strategy based on the consumer’s age or other factors.
Students learn how to create a social media strategy and how to advertise effectively. In addition, they learn to think about methods of increasing market share and effective promotions that will help them start their own business in the future.
Economics
Economics students are immersed in the world of consumers, knowing what they value. These entrepreneurs will eventually use this knowledge to make better decisions for their companies.
The scope of the industry is affected by microeconomics and macroeconomic concerns. Economics courses help students learn how to maximize their earning potential by considering relevant cost considerations.
Environmental Science
Environmental science majors study how ecosystems work in a variety of applications related to farming. They learn ways to make green improvements everywhere from city planning to lake management. They learn about green initiatives and how laws affect their lives.
Communications
In a communications program, students first learn the basics of effective communication. After introductory courses, students will then proceed to more advanced classes on both verbal and written communication. Students who study social sciences are confident in their ability to understand other people and engage them.
Best quotes for entrepreneurs
Starting a business is an exciting and volatile journey, full of high points and low points. If you’re feeling too stressed, try checking out these famous quotes from some of the most respected minds in history:
“Winners never quit and quitters never win.” – Vince Lombardi
“The best way to predict the future is to create it.” – Peter Drucker
“My biggest motivation? Just to keep challenging myself. I see life almost like one long University education that I never had — every day I’m learning something new.” – Richard Branson
“Every time you state what you want or believe, you’re the first to hear it. It’s a message to both you and others about what you think is possible. Don’t put a ceiling on yourself.” – Oprah Winfrey
“It’s fine to celebrate success but it is more important to heed the lessons of failure.” – Bill Gates
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” – Warren Buffett
“One of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passions; your passions choose you.” – Jeff Bezos
“Logic will get you from A to B. Imagination will take you everywhere.” – Albert Einstein
“As long as you’re going to be thinking anyway, think big.” – Donald Trump
“Success is walking from failure to failure with no loss of enthusiasm.” – Winston Churchill
“The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.” – Vince Lombardi
“If you cannot do great things, do small things in a great way.” – Napoleon Hill
“I don’t know the key to success, but the key to failure is trying to please everybody.” – Bill Cosby
Best ideas for entrepreneurs
You know you want to start a business, but are struggling to formulate the idea. To become an entrepreneur you need to start with a strong business idea.
Online teaching
The demand for online education has allowed entrepreneurial individuals with expertise in any subject to start their own course-based businesses. If you don’t have advanced education in a specific subject, teaching English as a second language online might be an option.
Digital marketing
Managing digital marketing can be challenging. You should respond to developments in your clients’ strategies over the course of a day, not just preparing posts at fixed times and forgetting the rest of the time.
If you enjoy strategizing and implementing plans meticulously, digital marketing could be the right business for you. You may also consider becoming a digital marketer, in which case you might want to explore affiliate marketing.
Dropshipping
In dropshipping, people who run e-commerce sites order all their products from third parties. The third party is likely a wholesale retailer or other entity that runs and distribution operation.
The minimal inventory necessary for dropshipping, and lack of need for physical space make it a great option if you are worried about overhead.
Graphic designer
Corporations, small businesses, and sole proprietors all need promotional materials for their products or services. But not everyone has good taste. If you like to create things and knows how to organize content in a visually pleasing format, starting a graphic design business will allow you to provide flyers, digital ads, posters, and other engaging visual materials.
Freelance copywriter
Freelancing as a copywriter is appealing because it offers the opportunity to work from anywhere with an internet connection. You could make freelance writing a full-time job if You earn a good network of clients and get referrals from satisfied customers.
Consultant
If you’re knowledgeable and passionate about a specific topic (business, social media, marketing, human resources, leadership, communication, etc.), starting a consultant business could be lucrative.
Starting with just yourself, you can gradually grow your consulting business into one that employs more and more consultants.
Translation service
With the demand for multilingual services on the rise, more polyglots are becoming available to meet this need. Those who know multiple languages can find a profitable niche in the translation services industry.
Best apps for entrepreneurs
We created a list of entrepreneur apps to help people find what they need.
Evernote
Evernote is free on your computer and for many mobile devices. Stay organized across all your devices. Sync files, save Web pages, capture photos, create to-do lists and record voice reminders. What more do you need? Beyond this, you can also find your tasks on the go.
DropBox
DropBox enables instantaneous connectivity and allows the sharing of photos, documents, and videos with any mobile device or laptop through a free cloud-based file storage service.
This app has a fantastic version control tool built in to make it even easier to share files with your coworkers. It saves everyone time by making sure that the latest version is always visible.
Audible
Any entrepreneur you come across has probably read numerous books. Entrepreneurs aren’t born with their ideas. Instead, they develop them by reading or listening to books and other educational content.
Hint: Make reading a habit in your free time. If you don’t have a lot of time to read, take advantage of Audible and listen to books instead.
TripIt: Travel Planner
Entrepreneurs often have a lot of travel, which can make organizing schedules and booking confirmations hard. TripIt saves you time by organizing your itineraries from emails in one location.
Lastpass
It can be tough for you to remember passwords. Lastpass is password-management software that provides your family with peace of mind and simplicity at home.
Any.Do
Want to add a task on your phone? Try Any.Do, which has a simple interface and lets you add tasks either verbally or with typing. If you’re logged in to Facebook, this app will even enable you to share the task list with others as well. Setting an alarm for a task enables you to prioritize the task and add notes about it.
CamCard
Take a picture of the business card to upload all details automatically to your phone contacts and email accounts. With its accuracy, you can be sure that scanning will be flawless. The best part is that you can sync data across other devices too.
Flowdock
The chat and email troubleshooting tools in Flowdock allow users to collaborate with their team on various projects. The best part of the app is that it works on all browsers and mobile platforms, and has few features such as drag-and-drop functionality, uploading files, and activity streams. Your team members can get instant updates about any change on the project to which they can respond through chat messages.
Instapaper
If you’re looking for some interesting reading material, saving articles online through the Instapaper app can be more convenient.
Expensify
Keep your office receipts to claim them once you’re home by using a smartphone camera. Expensify also logs mileage, meal expenses, and other business-related travel costs.
Best states for entrepreneurs
Where you choose to start your new company can have a huge impact on its success. We analyzed each and every state with regards to the kind of business they supported. Important considerations including initial cost, time is taken to start and ongoing sustainability was included in our study.
Texas
A 6% economic growth rate and low unemployment have enabled Texas to become a welcoming home for businesses. Austin is home to nearly 6,000 startups and major tech players like Google and Apple. It also has a very affordable living expense.
One interesting note about Texas: the state charges its annual reporting fees on the gross annual revenue of a business. This fee is calculated differently in other parts of the country making it more amenable to business-to-business transactions.
Michigan
Michigan has a well-educated workforce, low business fees, and strong economic growth at 5.4%. It has a high level of small business survivability in its largest city.
This state has a near-perfect combination of solid infrastructure and favorable, low-cost economic conditions. These factors and more make it perfect for entrepreneurs and small businesses.
Louisiana
Entrepreneurs looking to set up their own business can expect to benefit from Southern state’s low labor costs (and tight labor market), modest cost of living, and steady growth rate. Not to mention that with a wide variety of foods and entertainment, the employee will have plenty to do in their free time.
New Orleans is a post-Katrina revival hotspot attracting millennial talent in droves. If the hot summer weather doesn’t deter you, Louisiana is worth considering for your next business venture.
North Dakota
In today’s tough economic climate, North Dakota is a state that entrepreneurs should take more seriously. It has the highest 10-year business survival rate and a rock-bottom unemployment rate of 2.8%. Economic conditions are favorable for entrepreneurs and small businesses.
Alaska
Given the distance from the U.S mainland and climate, Alaska might seem like a deterrent for business owners who are just starting out or those without extensive experience overseas; however, it is one of the most lucrative states for sole proprietorships and has a strong labor market that attracts opportunistic workers.
If you’re looking for a “wilderness” experience without sacrificing too many creature comforts, check out Alaska.
Minnesota
Minnesota is a good option for entrepreneurs thanks to low unemployment rates, modest living costs, and no requirement for business owners to pay fees. This state also has a high success rate of entrepreneurs with strong economic growth potential.
If you aren’t bothered by the cold winters, think about moving your company to Minnesota.
Massachusetts
For those considering starting a business in Massachusetts, it comes with its own set of pros. For example, the labor market consists of well-educated workers with an average survival rate for start-ups. Additionally, there are high levels of personal income which benefit owners.
Missouri
Missouri boasts low filing fees, strong economic growth, and one of the lowest costs of living in the country. It is a great place to start or relocate a business.
The Midwest offers significant opportunities for entrepreneurs because of its relatively low median wage and rate of unemployment. The low cost of living makes it a great place to set roots.
Kansas
Kansas has a good economy and low cost of living, making it excellent for sole proprietorships. Anyone who chooses to make Kansas their home will enjoy higher-than-average annual incomes.
Montana
Montana’s state motto, “Oro y Plata”(Gold and Silver) is not just a slogan for the state. There are real opportunities to earn money here.
Big Sky Country is an affordable and prosperous state to do business in. Because of its low labor costs and fees, Montana has created an excellent environment for entrepreneurs in their state.
Best countries for entrepreneurs
For countries to spread prosperity among their citizens, governments must guide the country down a path in which advantage can be attained in the new era of digital technology. And along with this, there has been increasing inequality in the economies of countries throughout the world.
Indonesia (Bali)
Bali has a low cost of living in comparison to other developed economies. The more popular tourist destinations you have near your business, the less difficult it will be to find customer-minded individuals.
Getting a visa that permits an extended stay can be difficult, with many foreigners choosing to live on short-term tourist visas or work and “social culture” visas.
One positive outcome of the latest situation in Indonesia is that the country is now changing its tax and residency systems to cater to ex-pats. Hopefully, this becomes a much better option in the future.
Singapore
According to some people, the business culture in Singapore makes it one of the best countries for entrepreneurs.
Overseas travel has an inherent trade-off,- but in some circumstances, the benefits of living abroad can outweigh the cost. Singapore ranks #1 in Asia for:
- Most competitive economy
- Political stability
- Protection of intellectual property
- Sustainability
U.S. News and World Report ranked Singapore as the second most entrepreneurial country in the world, making it a great place to live for those who want to get ahead in business.
Taiwan
For many travelers, Taiwan is an overlooked gem that is worthy of a visit.
Taiwan offers a “Gold Card” for 3 years that allows holders to work in the country on an extended visa.
Depending on your scenario there can be tax benefits too, with:
- a 50% tax exemption on income exceeding NT$3m (~US$105,000)
- tax exemption on overseas income
The primary visa holder can apply for the dependent to receive a visa.
There are no residency requirements for tourists, but in the event that you are intending to stay in Taiwan long-term, there is an income requirement of NT$160,000 a month (~$5,600).
Thailand
When you’re looking for a beach getaway with a low price tag, Thailand should be first on your list. You’ll find the vast community of digital nomads and ex-pats who are now living in the country.
It’s not difficult to see what brings so many online entrepreneurs to Thailand, considering its:
- affordable cost of living
- excellent private healthcare facilities
- low crime
- tropical climate
The Thailand Elite visa provides over 20 years to live in Thailand without worrying about visas, paperwork, or mandatory visits to the immigration office. However, this is not a residence visa and does not allow you to participate in Thailand’s tax system.
USA
Seeing as no list of countries would be complete without mentioning the US, let’s not forget the benefits it offers entrepreneurs for a tech start-up. With decent access to the internet, airports, pro-business culture, and networking opportunities – it really is everything you could need.
Many major US cities have seen an influx of new population and business growth in recent years, with Austin, Texas becoming a hub. Perhaps people are drawn to this city because it has no state income tax?
Investing in a second home in Scottsdale, AZ can be a great way to strike an ongoing balance between the hustle and bustle of the city with time spent outdoors. Homeowners will enjoy having easy access to not only natural beauties but also business opportunities.
If you are a US citizen, relocation within the same country is easy, but for foreigners, that’s not always the case. There are many ways to attain U.S. citizenship or long-term residency each with its own pros and cons so be sure to research all of them before picking one.
Best courses for entrepreneurs
Ready to rule the world? Get out there and start building your business by taking some of the online entrepreneurship courses that we’ve selected.
Entrepreneurship Specialization from Wharton University of Pennsylvania
This course, an excellent introduction to starting your own small business. Learn more about their digital offerings and how they can help you with your business. This course also, covering a broad swath of business ownership fundamentals, is one of our top choices. It’s comprehensive and informative with applicability to many types of businesses.
For more information, click here
Y Combinator’s Startup School
This course is perfect for aspiring entrepreneurs looking to start a tech startup.
If you are planning for something like SFA or an app, Y Combinator is a gold standard option that will teach you about equity and venture capital. Because it’s tailored specifically to technology startups, the Young Entrepreneur Council is more suited to business owners in the software industry.
For more information, click here
Developing Innovative Ideas for New Companies: The First Step in Entrepreneurship
This course will cover the concepts that you need to know for just about any type of business, whether it’s a software company, a monetized blog or something in between. It primarily focuses on ideas for starting new businesses, but it may not be helpful if you know what you want to do.
For more information, click here
Become a Digital Marketer Nanodegree Program: Entrepreneurs
Content marketing is one of many advertising channels that can help your business grow, especially in the digital world. This Udemy course teaches you how to implement content marketing for success. The course is comprised of both lecture and hands-on projects to give you practical experience.
This digital entrepreneurship course has a hands-on and active approach to learning, with personal feedback on your class projects, quizzes to test your knowledge, and a progress tracker that helps you keep track of where you are in the course.
For more information, click here
Introduction to SEO: Tactics & Strategy for Entrepreneurs
If you are a content marketer wanting to learn the basics of SEO, this course is the perfect choice for you. It’s easy to complete and takes a short amount of time. Search engine optimization is a key part of any marketing strategy, and understanding the basics will help you save money.
Taking this course is a great way to learn about what you will need to know for your website. These topics include on-page optimization, link building, and other offsite aspects of SEO.
For more information, click here
Startup & Small Business Law
This course provides crucial information for any entrepreneur starting a business, and it is worth taking for anyone who runs a business.
No matter the size of your business, you should possess a basic understanding of common law. It’s not the most interesting or sexy part of entrepreneurship, but it’s still essential.
For more information, click here
How to Come Up with Killer Business Ideas
If you want to be an entrepreneur but don’t know what company type you want, this course will help. Lots of this content is dedicated to helping you find your personal opinion, tastes, and style.
If you’ve been struggling for inspiration on what type of business to start, this course is perfect for you.
For more information, click here
Best laptop for entrepreneurs
When looking for a business laptop, there are 3 main ways to consider: first are the traditional clamshells with connectors which aren’t very light and not ideal for on-the-go typing.
Second, are 2- in- 1 style computers with touchscreen capabilities more susceptible to use for not work purposes. Finally, are higher-end laptops with a bunch of security features. This is my suggestion.
Lenovo ThinkPad X1 Carbon
Lenovo ThinkPad X1 Carbon is the ultimate mobile workstation. It’s powered by a 10th Generation Intel Core i5-10210U Quad-Core with up to 19.5 hours of battery life on a single charge and 80% charge in an hour. You get customizable memory with 8 or 16GB RAM and either
This laptop comes with Wi-Fi 6 and Bluetooth 5.0 connectivity for speedy data transfer and reliable connections, as well as a fingerprint reader for seamless security authentication. The laptop is also splash-resistant – something I use every day when it occasionally leaks in from my cup holder.
Microsoft Surface Pro 7
For those who need versatility, and all the benefits of a traditional laptop computer with all the convenience of a tablet, Windows Surface Pro 7 is best. The 2-in-1 can be used as your everyday workstation or as an artistic design platform. Front and back cameras on this device allow 1080p HD video streaming or recording for sharp images.
With a battery that gives you up to 10.5 hours of use after being charged and the ability to carry up 80% charge after just an hour, this laptop is versatile with customizable options for RAM size (4-16GB) or solid-state drive size (256-1TB). Better yet, there’s facial recognition technology set to be compatible.
MacBook Pro
With each new iteration of the MacBook, Apple has improved on processing power, memory storage, and graphics capabilities. This current model features a 16-inch retina display with unparalleled support for millions of colors and you can choose to customize it with up to 64GB of DDR4 RAM, 8GB of GDDR6 VRAM, or an SSD.
Choose either an Intel i7 or i9 processor with integrated AMD Radeon 5000M graphics. The laptop’s battery gives you up to 11 hours on a single charge, making it great for working on the go.
Asus ExpertBook B9450
The Asus ExpertBook B9450 is ideal for professionals who frequently travel for business. The battery gives you up to 24 hours of use on a single charge, letting you work all day without disruption and also providing a 60% charge in 39 minutes – perfect for those re-charging moments between meetings.
Its narrow body measures 14.9 mm and weighs 2.1 pounds, making it small enough to fit in a backpack or laptop bag when traveling overseas. Ten military-grade tests ensure its sturdiness and the customizable memory options support two SSDs up to 2TB for all your storage needs while security is ensured with an IR camera for facial recognition.
Dell XPS 15
With the Dell XPS 15 laptop, graphic artists and designers will have an easy-to-use machine that features a plethora of high-quality specifications. Specifically, it is equipped with a 9th generation Intel i7-9750H 6-core CPU, Nvidia GeForce GTX 1650 video card with 4GB of VRAM, 16GB of DDR4.
This business laptop offers unparalleled portability and durability. It weighs just four pounds, measures 17 mm thin, and has dual speakers that support Waves MaxxAudio technology for an immersive listening experience when working with music or audio editing software. The machine is made of a durable composite material that consists of aluminum alloy CNC machined components and carbon fiber palm rests.
Best magazines for entrepreneurs
This list of the best magazines for entrepreneurs will help business owners find just the assistance they need.
The Economist
Entrepreneurs should stay on top of both global and economic news. This is why The Economist is a weekly must-read for entrepreneurs everywhere! Read about entrepreneurial best practices, find out what it takes to make entrepreneurship thrive in your community, and stay up-to-date with business news. With insightful analysis and a worldly perspective, this is one of the top magazines for entrepreneurs.
Forbes
Forbes Magazine has access to the most influential people of our time. Read in-depth articles about powerful world leaders, and find out what makes them so successful. Allow yourself to be inspired and motivated by these entrepreneurs! Learn how to have a healthy financial lifestyle: spending, saving, and investing. Professional advice on business management, leadership, and investment can be found on a wealth of websites.
Wired
Stay on the cutting edge of science and technology with Wired Magazine! One of the best magazine subscriptions for entrepreneurs, Wired Magazine, focuses on how technology is changing the world around us. Keep up with all the latest news in technology to gain a deeper understanding of how your field will evolve, and what it means for you. According to some experts, millennials are just now coming into their own as an identity group.
Fast Company
Be a part of the future of business by reading Fast Company Magazine. Each article is written for, by, and about progressive entrepreneurs. With technology and business practices changing more rapidly than ever, it is important to stay up-to-date. Get insight into what makes these brilliant entrepreneurs and industry leaders tick via our features on the fastest-growing startups and the most innovative companies.
Fortune
You need to invest in yourself with Fortune Magazine! From seasoned investors to novices, we have you covered. The Fortune Investor’s Guide to help you find the right investment strategy for you and your business. With thorough research from experts, this guide will cover industries shaping the future of business, political factors influencing leaders, and emerging technologies changing our world.
Bloomberg Businessweek
Familiarize yourself with the latest in business from Bloomberg Businessweek Magazine. Get unique insights and analyses of today’s ever-changing economy. Bloomberg is the best magazine for entrepreneurs. It has the latest news and interpretations of critical issues in business, provides investment advice, profiles on successful companies, reviews of top schools to enroll your children in.
Entrepreneur
If you are getting started with a business, Entrepreneur Magazine can help! There are plenty of articles from experienced entrepreneurs to guide you along. Planning to grow or start a business? You’ll find valuable information about how to manage and sustain your company.
Inc.
Start your entrepreneurial experience with Inc. Magazine! As a leader in small companies and startups, Inc. provides invaluable wisdom and information to readers. Read the case studies, financial reports, and industry overviews of the USA’s fastest-growing companies for different industries.
The Black EOE Journal: Entrepreneurs
As the only African American career and business magazine, Black EOE Journal is perfect for entrepreneurs who want to create a more diverse workplace. They work to inform, educate, and provide opportunities for African American’s in the workplace. The latest updates about different facets of diversity can be found on their site.
Harvard Business Review (HBR)
Those in the field of management can use the advice and commentary from Harper’s Business Review to stay on top of ever-changing practices. Created by and for leading business executives, experts, consultants, scholars, and entrepreneurs. Review articles focused on effective leadership, negotiation, strategy, finance, marketing, and more!
