Being able to gather everyone together at an annual summit is definitely great, although not always possible for smaller distributed teams. How do we ensure that we remain bonded as we establish a solid team? Here are several activities that we incorporate into our workflow: 1. Regular group chats - We have a weekly Monday kick-off ...
Short Tips
Is Becoming an Entrepreneur Better for Young People Than Becoming an Employee?
I could tell you a magical story about my chill weekends and how I wake up with another $10K or so every morning under my pillow. But, that’s far from the truth. I’m responding to Slack messages discussing some assignments with my team and replying to customer emails in the meantime. I’m actually a support...
Is Launching Multiple Startups a Good Idea?
If you are a new entrepreneur who cannot afford to invest in building multiple platforms and hire a team for each venture, stick to a single startup at first. People who own multiple businesses have spent over a decade building a career, saving capital, creating a network, and studying the foundations of sales, marketing, busine...
What Should I Do in Order to Find a Business to Start or a Product to Sell?
“I am having a hard time trying to find a business idea or product to sell. What should I do in order to find a business to start or a product to sell? I need something I can put my time into and work on, so I don’t have to work for other people.” Coming up with ideas to find a business to start or a product to sell is easy. F...
Which Business Has the Lowest Barrier to Entry With the Highest ROI?
"I want to start a business, not a start-up. Which business has the lowest barrier to entry with the highest ROI?" The highest possible ROI is usually related to shady deals in the gray area (or outright illegal ones). Due to the nature of those business ventures, ROI is massive simply because the stakes are high and you can easily get ca...
Are There Too Many People Trying to Become Entrepreneurs Right Now? Could It Take Away Opportunities and Limit Success?
Are there too many people trying to become entrepreneurs right now? Will the field become too crowded? Could it take away opportunities and limit success? Entrepreneurship has been on the rise for the past couple of decades or so. If people can’t find work or are dissatisfied with their jobs, they’re much more likely to want to star...
Do SEO Plugins Dramatically Slow Down the WordPress Site?
Most of the existing SEO plugins add some processing and requests to every page load, but it usually isn’t that bad. In any proper setup, caching plays an important role in processing the page generation ones (PHP evaluation + the corresponding database queries to pull the right data based on user capabilities, taxonomies, U...
What Should I Avoid in Order to Focus as an Entrepreneur?
Avoid receiving any sort of feedback, encouragement, or criticism without filtering it carefully. Entrepreneurship is still a contradictory topic. It’s common to receive two types of feedback: Friends or other dreamers who assure you that your business is a unicorn. Concerned family members and close friends who are afraid that y...
What Is the First Step in Achieving Your Goal?
Set a hard deadline that is realistic. This is the only required step for achieving a goal. As long as the goal is achievable, you allocate enough time, and ensure that there is no way around it—it will happen. Do you want to be able to do 80 push-ups and you can only do 20? Set the goal in 6 months from now, sort out your eating an...
Are Online Mentoring Groups Effective?
I have elaborated on the difference between online and on-site mentorship programs here: Mario Peshev's answer to What are some unique challenges to mentoring people online vs. in person? Other than that, online mentoring groups could be effective. They offer unparalleled accessibility, allowing mentees from around the world to conne...