Discover and read the best of Twitter Threads about #entrepreneurship

Most recents (24)

My sister just bought a hoodie for $190, which I thought was crazy expensive.

Turns out the company behind that hoodie makes $110M+ / yr with 70% margins.

This was wild to me so I had to dig in.

Here’s what I learned 🧵
The company is called Aviator Nation and it was founded by Paige Mycoskie 14 years ago.

She built a 9-figure business without raising a dollar of outside capital.

Today she's worth somewhere between $350M - $600M.

Here’s how she did it:
1/ BE YOUR OWN FIRST CUSTOMER

Like many entrepreneurs, Paige was first interested in solving a problem for herself.

She wanted to make her own clothes. So she bought a sewing machine and started taking apart thrift store shirts.
Read 15 tweets
Companies promoting the remote work culture maybe has an idea to become the next Sherlock Holmes

A Thread 🧵
Why? They are up to spying and monitoring the employees working remotely. This is to ensure productivity, or is it?
Let your employees be productive. And by productive I don't mean working all day. Productive means they give their best work.
Read 6 tweets
Back by popular request - Pre-seed startup valuations!

Let’s look at over 4K pre-seed deal submissions @hustlefund has gotten over the past year+ and see what's happening in the world of US pre-seed venture capital 🧵

#Startups #VC #Entrepreneurship

1/9
What we are seeing - valuations have trended lower in q2.

Valuations are back to EOY 2021 levels (~$6M USD) down from all-time highs of ~$7M USD in 1Q2022

2/9
Things to note
- Data is based on submissions we received from US non-crypto startups
- Pre-seed startups are all very different & there is a lot of dispersion in valuations.
- Median trend <> the trend holds true for all pre-seed startups

3/9
Read 10 tweets
Are you a celebrity in your industry?

Fame is the best seller
If you are famous, you will be able to sell
Here are 7 steps on how you can be the online authority in your industry 🧵
1\ Excel in your skill

- Be the master of your domain
- Be the go to person
- Be the expert
2\ Know your audience

Everyone is not your audience
- Do they know you
- Do they like you
- Do they trust you

Your audience is your biggest cheerleader.
Respect them.
Read 12 tweets
1/ IMPORTANCE OF A BUSINESS WEBSITE.

Let's face it, people don't buy from businesses. They buy from people they know, like, and trust.

A THREAD...
2/ Unless you are selling something really inexpensive, most folks are not going to give up their hard-earned cash without learning a bit more first. Here is where your business website comes in.
3/ A good website will enable you to;

a. Make sales without selling.
When it is written and organized right, your website can;
- Explain the benefits of buying your products or doing business with you.
- Answer your prospect's questions.
Read 6 tweets
You would have read that Flipkart, InMobi, and many more #startups are incorporated in #Singapore 🇸🇬?

Ever thought why founders incorporate their companies and not in #India?

In this #thread🧵, we will share few benfits of setting up a companies in Singapore.

Let's Begin... Image
Every #business or #startup needs money to grow and one way for a business strive to do this is by saving money on taxes.

Likewise, Indian businesses have been choosing Singapore as a business destination.

Let's see what makes Singapore a promising business destination!
Cooperation:

India and Singapore have been important trade alliances for a long time.

Both the nations have signed "The Double Taxation Avoidance Aggrement (DTA)", which aims to avoid double taxation of any income that may flow between the two nations. Image
Read 11 tweets
My business was stuck at around 3 million per year for a long time.

We recently made $318,000 in 5 days. This kind of profit has become normal thanks to the 3 things I’ll share in this quick 2 min thread. 👇
By the way… my new model is 0 ads, 0 launches and 0 landing pages.

So, hold on tight and save this for later because if I’d have known this sooner I’d probs be a billionaire by now…

(JK, but I would have been able to have actually lived a little while on this journey)
👉The first thing I learned is that no one is coming to save me.

...I used to spend hundreds of thousands per year on agencies to solve “just one thing”...

When what I've learned now is that there are many ways to reach the outcome. But only if you stick to the plan & execute.
Read 8 tweets
[POLL THREAD 1/9] Do you offer a GUARANTEE with your work? Do you give PROMISES on outcomes? Let me share a story where it worked out well...

As a speaker & trainer, I had been trying for years to teach at the Executive Education program at my MBA alma mater...

#Polloftheday
I finally got the attention of the Associate Dean and the program manager in a meeting.

I mentioned my credentials as a motivational speaker. I submitted that some of my best professors during my MBA were from industry and not always PhDs.

2/9
I admit it was an uphill battle to convince them.

I finally went for the PROMISE.

"What is the average score for your Exec Ed trainers?" for their official feedback mechanism

3/9
Read 9 tweets
As much as I love everyone FINALLY embracing remote work from anywhere, been in this game for a while now…

In 2016, I set out to build a globally competitive AI #startup from Sault Ste Marie, Canada.

Here’s how that went:
I had a vision.
I had a dream.

I wanted to revitalize a steeltown with tech.

I wanted to prove that you could build best-in-class tech from ANYWHERE in the world. In 2016.

I was proven wrong.
I was literally laughed at by Toronto investors.

Most Waterloo investors didn’t believe my dreams could be possible up “North”.

I ultimately determined that local Soo investors would have been more likely to fund a cupcake shop than deep tech AI; despite endless attempts.
Read 13 tweets
"We’re increasingly convinced about the crucial role storytelling has to play in helping us navigate the global challenges we’re facing and to build a more beautiful world. And we feel as inspired as ever to continue this work."--Happen Films @happenfilms greeneracresvaluenetwork.wordpress.com/2022/05/21/dai…
New Evidence Shows Global Warming has Slowed Dramatically Over Last 20 Years
dailysceptic.org/2022/05/19/new…
#GlobalWarming, #MeteorologyBalloons, #SatelliteData, #TroposphereTemperatures
Read 13 tweets
Rejection hurts. There's no denying it.

But just because your business pitch was rejected by a venture capitalist (VC) doesn't mean that your startup is doomed.

In fact, getting rejected can be a good thing. It can help you learn, grow, and become a stronger entrepreneur.

🧵
Here are three things to do when your business pitch is rejected by a VC:

1. Don't take it personally

It's easy to take rejection personally, but it's important to remember that it's not about you as a person. It's about your business pitch.
Maybe the VC didn't like your idea, or maybe they didn't think your startup was ready for investment.

Also remember,  VCs are bombarded with pitches every day. They can't invest in all of them, so it's not surprising that most pitches are rejected.
Read 8 tweets
A million-dollar lesson I learned from Jeff Bezos is the concept of “Disagree & Commit”

🧵 This 30 second thread breaks it down practically
A few years back...

👉 I was exhausted from constantly having to tell my team what to do and how to do it
👉 my income was stuck because if I was serving my clients I was not selling
👉 I was getting refund requests because if I was selling I was not serving my clients
I felt like the people who told me that my “little business idea” was stupid were right and that there was no real way out for me.

Fortunately, I do not give up so easily (you’ll know if you’ve seen me in the gym lol)
Read 15 tweets
Why I went from Yale and McKinsey to managing mobile home parks. A thread. 🧵👇
This thread is personal. Trying to shed light on who I am and why I've made certain choices. Inspired by @financeguy725. >> I hope this might help other folks who are aspiring to leave W-2 life and take the #Entrepreneurship plunge. #retwit
I come from a scrappy immigrant family. My mom grew up on a chicken farm in Israel. My grandpa (who's like a 2nd dad to me) moved the fam to America to get a better life. He bought wrecked cars at junkyards, fixed them up in his backyard and sold them at a profit. Pure hustle.
Read 22 tweets
Entrepreneurial Activities:

1) Business Possibilites:
-Possibilities
-Competitors
-Finance
-Demand
-Sales

2) Business Idea:
-Survey
-If it's worth persuing
-Opinions
-Product
-Competition Analysis
3) Entrepreneurial Process:
-Research
-financing
-Risk Taking
-Development
-Management

4) Entrepreneur:
-Freelancer
-Brave
-Commitment
-Responsibility
-Skills
5)External and Internal Entrepreneurship:
- Internal :
a) Community
b) Initiative
c) Persistence
d) Collaboration Skills
e) Creativity

- External :
a) Marketing
b) Financial planning etc.
c) Development of Business Idea
Read 6 tweets
#Read this new #Report while there’s still time to act!

bakerinstitute.org/research/us-ch…

“US-#China Competition Enters the Decade of Max Danger: #Policy Ideas to Avoid Losing the 2020s”

My latest with Gabe Collins @BakerInstitute!

@RiceUniversity
@RiceUNews
@CES_Baker_Inst
#Xi
#Taiwan
As #PRC/#CCP power peaks over this decade, #Xi may seek #Taiwan as historic prize.

To protect their security & rules-based order, US/Allies must mobilize immediately to deter aggression.

The mission is vital, the stakes are high, & the clock is ticking.

bit.ly/PLA2027 Image
US/Allies/#Taiwan now face “#DecadeOfDanger” w/ peaking #Xi/#CCP/#PRC as #China has extreme version of “S-Curved #slowdown.”

Xi’s risk acceptance will likely be amplified by his track record of largely-uncountered revisionist actions vs. neighbors & RBO.

bakerinstitute.org/research/us-ch…
Read 42 tweets
1/ E-Sports to make a debut in Asian Games 2022 with 8 medal events!

The #ESports industry in India is expected to grow at 46% CAGR over the next four years & cross 1.5 million players, 85 million viewers, 20+ broadcasters while reaching INR 11 billion in market size.
2/ Advertisements, Content Creation, Tournament Organizers, and Publishers will be the key to defining the evolving landscape of E-Sports in India.
3/ For the industry to grow, we will require very robust infrastructure solutions to handle the massively growing audience, whether it is managing the upcoming talent, democratizing tournaments or simply helping viewers stream matches.
Read 4 tweets
1/ There are few companies that fundamentally change consumer behavior.

@Flipkart re-defined how we shop. @zomato changed the way we ate. @Olacabs did so with how we commute. However, the most significant shift was to the way we transacted.

@Paytm pioneered digital payments.
2/ @vijayshekhar is an unconventional entrepreneur who proved that heart and effort can take you to dizzying heights of success and glory. He has become iconic to Indian #entrepreneurship.
3/ PayTM started as One97 Communications Limited in 2000. For years they offered mobile content, messaging, commerce services, and made-to-order network applications and became India’s leading Mobile Value Added Service Company.
Read 8 tweets
Founders: Uncertainty is expensive. Build a plan for your journey to Unicorn Land that focuses on increasing your probability of success - solving for unknowns and demonstrating capability.

Let's dig in

#startups #Entrepreneurship #VC
IMO, a good plan consists of 3 pieces - your path, people, and proof. Each piece should be designed to maximize the probability that your journey will be successful. Here is a picture that 1) is amazing 2) tells you everything you need to know. But in case you're a words person.. Image
A good path consists of a combination of product/customer segment/distribution model that is specifically tailored to the problem you are solving.

A good path also contains milestones that balance value and achievability.
Read 12 tweets
Simple lifestyle changes can lead to huge monetary savings 🙌🏾. Practice these 'TOP 5 MONEY SAVERS '. Link in the BIO or timidbee.com/post/top-5-way…

#timidbee #investing #StockMarket #Finance #mondaythoughts #mondayreport #MONEY #Crypto #cryptocurrency #DigitalMarketing #COVID19
Simple lifestyle changes can lead to huge monetary savings 🙌🏾. Practice these 'TOP 5 MONEY SAVERS '. Link in the BIO or timidbee.com/post/top-5-way…

#timidbee #investing #StockMarket #Finance #mondaythoughts #mondayreport #MONEY #Crypto #cryptocurrency #DigitalMarketing #COVID19 Simple lifestyle changes ca...
Dont be Penny wise and pound foolish. Use these ''Top 5 ways to save money now" timidbee.com/post/top-5-way…

#timidbee #finance #business #tuesdayvibe #Entrepreneurship #investing #FinanceTwitterJa #crypto Dont be Penny wise and poun...Dont be Penny wise and poun...
Read 4 tweets
Educational thread: 6 saving tips that will cut down your expenses! Read and share:
1. Introspect: Without a doubt, the first step to plan more savings is self-reflect. Ask yourself, how much are you spending on unnecessary things? How impulsive are you when it comes to shopping? You will get a lot of answers!
2. Chart a budget plan: Try to jot down your daily spending in a diary or spreadsheet. Writing provides much needed clarity on every subject!
Read 9 tweets
The role of #entrepreneurship in the market process is little understood. Even those who are well read in Ludwig von Mises's magnificent Human Action tend to get the economic function wrong, especially its implications for the structure and progression of the market process.
To Mises, entrepreneurship is 'simply' the uncertainty-bearing aspect of human action. This is his praxeological definition, which therefore offers us truths about how the structure of human action explains observable phenomena and cause-and-effect relationships in the market.
This broad definition of entrepreneurship explains why some plans and decisions are unsuccessful, why different people may make different decisions, and why actors can reconsider/change their behavior before actions are concluded. Because the data change, actors learn and adapt.
Read 19 tweets
If you want to be an entrepreneur, you have to embrace crisis.

Yes, you read that right. In any entrepreneur's life, every day is a bit of a #crisis. Things go wrong, people misunderstand, conflicts occur — crisis is a constant companion.
Most #entrepreneurs learn to "deal with the crisis" over time. I don't think it's enough to treat crisis as unavoidable & hence reluctantly deal with it.

To be successful, we need to proactively embrace crisis & excel at dealing with it.
- Crisis can present opportunities
- It can enable the next generation of leaders to emerge
- It can inspire new ideas & solutions for problems that might not have otherwise been attempted
- Each crisis changes the way you do business
Read 4 tweets
1) Winning over customers is not easy, especially in a society that still raises eyebrows at a woman entrepreneur. Hasrat shares how she dodges biases and wins over customers, one smile at a time.

Watch: bit.ly/3pHNVRI
2) Are you inspired by Hasrat and wish to start your own business? For more information on the first steps of starting a business dial 9953-663-222 (toll-free)
3) For an opportunity to win a business grant, mentorship, and a digital learning certificate please visit: bit.ly/3wipc8x
Read 4 tweets

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