Entrepreneurship

Misconceptions of Entrepreneurship

Posted by on Aug 15, 2014 in Entrepreneurship, featured | 0 comments

Misconceptions of Entrepreneurship

A lot of people working a 9-to-5 job, answering to a boss and tackling stressful daily tasks, dream of becoming successful entrepreneurs. That’s not a surprise — the lure of entrepreneurship can be irresistible to folks who feel shackled in their employment. Who would want to work for someone else when they can call the shots, after all? However, these same people often put entrepreneurship under an idealized light, treating it like an escape route for all their financial hardships. What they don’t seem to realize is that running a business, especially at the start, takes more work and longer hours than a regular employee is expected to do. To find...

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*Review* Common Challenges Young Entrepreneurs Face and How to Overcome Them

Posted by on Aug 4, 2014 in Entrepreneurship | 0 comments

*Review* Common Challenges Young Entrepreneurs Face and How to Overcome Them

Whether you’re 19 or 29, it’s exciting to put your name on a shingle and place it out there for people to discover. Entrepreneurship is at the heart of the American dream, and it’s something that the bold and the brave strive to achieve. These are some of the most common challenges young entrepreneurs face, as well as my recommendations for overcoming them: Unstable/Unpredictable Customer Base. It takes time to build a reputation, and in the interim, you’ll have customers who will come and go. This can be frustrating, and at times, frightening. As the business grows and its reputation builds, most entrepreneurs will see a gradual increase in the...

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How Entrepreneurs Turn Great Ideas Into Successful Businesses

Posted by on Jul 21, 2014 in Entrepreneurship | 0 comments

How Entrepreneurs Turn Great Ideas Into Successful Businesses

For many Americans, the dream of owning a business is in our blood. It’s part of who we are and it’s what motivates us in the morning. I can say from experience that being an entrepreneur is one of the most rewarding things you’ll ever do, but it’s also one of the most challenging. As you might expect, all forms of entrepreneurship begin with an idea. Whether it’s a new product or a new service, this idea is designed to fill a need. Oftentimes, these ideas come forward while you’re working on something else. You might say to yourself, “Hey, I could make this better if I: A) had this type of service to use, or B) if I had a tool...

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Three Fundraising Tips for Young Entrepreneurs

Posted by on Jun 23, 2014 in Entrepreneurship | 0 comments

Three Fundraising Tips for Young Entrepreneurs

One of the most difficult aspects of entrepreneurship is raising the capital required to get a business off the ground. For young entrepreneurs new to the business world, there are some ways to make the task a little less daunting. The most important thing to remember is that VCs invest in you. Even for the best business plans, they have to really believe the entrepreneur is smart, passionate, determined, and committed to making the company a success. Smart investors know that great plans fail or succeed many times because of the entrepreneur. Wisdom teaches that fundraising is a process in which determined entrepreneurs can stack the odds in their favor. Here are three...

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Searching for Global Financial Inclusion Pioneers

Posted by on Nov 12, 2013 in Bank Innovation, Entrepreneurship, Financial Inclusion, Mobile Money, Women | 0 comments

My co-author, Karl Mehta and I have both been working for years in the exciting field of mobile financial services. Reflecting on what has already happened, one can see the world reshaping. And yet, it is only the beginning. But it has given us a view of what is possible. Our book Financial Inclusion at the Bottom of the Pyramid will spotlight what is happening today around the globe – which we think you will agree is quite extraordinary. The future of financial services is emerging – it is just not evenly distributed. So much innovation is taking place, even in the most unlikely places. Who would have predicted that Kenya would become a leader in mobile banking...

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Men should join Vivek Wadhwa’s call for Women on Twitter’s board

Posted by on Oct 8, 2013 in Entrepreneurship, Women | 2 comments

Women in technology have been second class citizens for too long – get any group of women in tech together and listen to their stories. Most do well despite the gender biases  – but biases are real and substantive obstacles to a women’s career in technology.  And this hurt companies because it lessens women’s contribution to the company’s top and bottom line.  Worse case, talented women get worn out and move on in their life and leave the tech industry. The higher you go up in a technology company the fewer women there are. I am at Money2020 where 85% of attendees and 95% of presenters are men. Too bad for the payment industry – they are missing out on immense...

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