Daily Quote

“It’s time to say goodbye to the person we’ve become, who we’ve worked so hard to perfect, and to make some crucial decisions in becoming who we’re going to be.”
– Stephen Colbert


“If you love friends, you will serve your friends. If you love community, you will serve your community. If you love money, you will serve your money. And if you love only yourself, you will serve only yourself. And you will have only yourself.” – Stephen Colbert
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CEO Candice Blansett-Cummins On Having A Strong Vision, Mission, and Values!

C’mon Let’s Rally is a coaching company for women and business leaders that seeks to help women find their authenticity, alignment, and power. Candice Blansett-Cummins, the Founder and CEO of C’mon Let’s Rally, believes in working somewhere that aligns with your values and supports them. This mentality allowed her to develop a business around what is important to her and achieve an understanding of her vision for life. Candice explains that a company with a strong culture retains its employees and overcomes talent pool challenges by having a clear vision, mission, and values. Check out the fill BizCast video for more on Candice Blansett-Cummins and C’mon Let’s Rally.


Full video here: Entrepreneur (YouTube)


 

How to Look Beyond Your First Venture to Create Sustainable Success!

How to Look Beyond Your First Venture to Create Sustainable Success

Image credit: Tim Robberts | Getty Images

When we start on our entrepreneurial journey, most of us don’t see past the first business. We just see what’s in front of us. That’s not a bad thing. You should be intently focused on making your first venture work.

There’s always the distraction of new technologies, new industries and new tactics to reach consumers. The idea you start your journey with is rarely the same idea you implement when you reach your destination. You see people thriving in areas like AI and blockchain, and it’s easy to want to jump on those trends, too.

But the hardest thing for entrepreneurs isn’t finding success — it’s holding on to it. Consumers change, technology changes, our culture changes. Motorola had a great idea and the hottest phone in 2006 and was then crushed by the iPhone. It happens.

In your entrepreneurial life, you’ll constantly have to adapt. There won’t be years of highs and lows, but months or even weeks of highs and lows. And just like any good stockbroker would tell you, you have to diversify.

What You Should Do With Success

Spreading out your interests, once you’re successful, isn’t a sign of being distracted. It’s smart. You’re never going to be 100 percent successful.

I read last year about a championship boxer, Yahu Blackwell, taking his earnings and investing in everything from Rita’s Italian Ice franchises to technology. Some of my favorite athletes have wasted away their earnings, but in this case the focus was on investing in a future opportunity.

The fact that Yahu was already thinking about diverse ways to create generational wealth in the prime of his fighting career is a reminder that it is never too early to think about your endgame. And you should have an endgame.

Smart, generational wealth has always been built on ownership, whether that’s real estate or venture capital. Entrepreneurs are always chasing money. So once you have it, be smarter with it — and position yourself on the other side of the equation.

Access to money becomes your greatest asset. You don’t have to spend the next 25 years of your career chasing money. It’s hard to get out of that mindset, especially if it got you somewhere. But knowing when to shift mindsets, just like knowing when to shift your business, is what separates good entrepreneurs from great entrepreneurs.

Play Things Safe So You Can Take More Risks

Risk and risk avoidance are more related than you think. Your life portfolio can’t be fully one or the other.

A lot of people want to show off their first success. That impulse is perfectly natural. Whether you’re an entrepreneur, an athlete or an artist, you’ve struggled to succeed. It’s natural, after years of living lean, to want to enjoy that success.

But here’s the thing: Buying depreciating assets like cars, boats, etc., won’t help create long-term wealth. More importantly, they actually distract you from being able to take risks. Your ability to take financial risks or business risks is directly related to how long your runway is — the length of time you can hang on while failing.

It’s a simple relationship: The less money you have tied up, the more risks you can take. But not all assets are the same. Money tied up in a car is money you can’t get back. Money you invest in a property is money you can.


 

Full article here: Entrepreneur

 

Believing in Your Mission During Hard Times Can Make or Break Your Company!

In this video, Entrepreneur Network partner Mars Discovery District speaks with Erika Moses, the co-founder and chief marketing office of Hyr. The idea behind the business is to help people earn money when they need it, while helping businesses acquire extra hands when they need them.

Moses shares oftentimes unplanned events could often lead to tricky times, which could even affect the companie’s ability to make payroll. At a certain point, Moses recounts realizing there was only $0.08 in the company’s bank account, around the time the company was expected to make payroll. With ample grit and awareness that finances would be coming into soon, Moses and her executives could continue to lead.


Full article here: Entrepreneur