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Ideas Worth Toasting (and Trying) in 2020

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Category: Commentary Tags: Entrepreneurship Leadership Strategy Startups

It's worth noting that "2020" is also a metaphor for clear vision -- something that all people who run a business want but often find elusive when day-to-day challenges interfere. As 2019 ends and the new decade begins, it's a good time to savor past successes, learn from past mistakes and set our bearings for the future. So we are continuing a tradition we started in 2019 in presenting a reading list of articles that address critical goals and challenges that entrepreneurs experience. We've updated the list to reflect what's been published on EIX and familybusiness.org over the past year. 

Happy reading and good luck!

1. Becoming an Entrepreneur

Entrepreneurship can be foisted upon you if you're laid off, or it can be a deliberate choice.  Either way, make sure you're prepared.

Advice for Unintended Entrepreneurs

Sidepreneurship: The Booming Trend for Women

2. Finding and Evaluating Opportunities

Does your solution to a problem pass the "acid test:" Will people want to buy it? And does your business strategy maximize value?

Creativity Exercise: Connecting Disparate Products, Services or Concepts

Trust Your Mentors, and Your Gut

3. Getting Funded

Outside investment and business accelerators are inevitable for many startups and established businesses that want to grow quickly or scale up. What's the best choice and when is the price too high? And how can families bankrolling their own venture prevent risking their family finances?

Does it Matter if An Entrepreneur is Coachable?

Crowdfunded Ventures: Where Angels Dare to Tread

The 5 Money Mistakes that Blindside Entrepreneurs

Crowdfunding, Entrepreneurship and Startup Finance

Venture Capital, Entrepreneurship and Women in Business

4. Strategic Early Decisions

Getting your idea ready for the marketplace requires resources to develop it.  That means people and money, often more than a fledgling business can afford.

A Tech Entrepreneur's Journey: Hard Work and Smart Risks

Businesses Named After Founders Enjoy Greater Returns

Why You Should Have a Lawyer on Your Startup Board

5. Outlasting the Competition

Can you survive the inevitable competitors and changes in your industry? And will your family business still thrive after you're gone?

Successful Successions are Never Smooth

How To Bridge Generations in a Family Business

Unlocking the Innovation Potential of Family Firms: An Assessment Tool

6. Building and Managing Your Team

Great ideas require a great team to bring them to the market and to keep your enterprise humming. Conflict is inevitable, decisions are often messy, and leadership requires constant practice.

Five Reasons to Include a Woman on Your Startup Team

Women: Prepare to Lead Your Family Firm

#MeToo is Changing the Game for Startups

Five Benefits of Having a Multigenerational Family Business

Hiring an Outside Expert for Your Family Business

Getting All Family Members on the Same Page with Tech

7. Communicating Effectively

Effective communication skills can be taught and practiced. If your venture has social or sustainability benefits, you will need to articulate them well.

How Midlife Entrepreneurs Can Reach Their Target Audience

Student Entrepreneurs Grow $40 Million Business

Download the free 250-page eBook about better communication, "So What's Your Point?," by clicking the link at the top of this article.

8. Making an Broader Impact

Social media increasingly subjects more businesses to scrutiny over their policies and practices, and more socially conscious younger people are becoming entrepreneurs. This has spurred a broader view of "stakeholders" -- encompassing employees, customers, communities and society as well as investors. These articles explore how entrepreneur-led businesses can be part of a larger social fabric.

Mission-Driven Startup Helps Abuse Survivors

Connecting "Entrepreneurial Enablers" Who Strengthen Communities

Startup Founders: You Can't Get Back Family Time

How a Family Business Can Develop a Social Mission





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