Have you been asked at work or school to create a problem statement and include a proposed solution, but you don’t know where to start? Continue reading for everything you need to know about problem statements, how to write one and examples to base your own on. What is a problem statement? An effective problem…
Opinions expressed by Entrepreneur contributors are their own. Online reviews are crucial, even for new businesses in entirely new market categories. In fact, reviews may be more important for you because you have to prove two things to potential buyers: That you can actually solve their problem That your company is good to work with…
It’s a busy week in China as some of the biggest names in U.S. business are in town — Elon Musk, JPMorgan Chase CEO Jamie Dimon, and Starbucks CEO Laxman Narasimhan have all gone overseas. Dimon, who’s there for a three-day JPMorgan summit in Shanghai, is hoping his visit will help smooth things over after…
Streaming giant Netflix (NFLX) recently expanded its crackdown on password sharing worldwide. While this might boost revenues, there remains a risk of service cancellations. So, let’s discuss whether you should buy, sell or hold the stock. Netflix, Inc. (NFLX) is an established leader in the streaming world. Despite a longstanding stronghold on the industry, the…
You may be almost done with high school and are getting ready to apply to your dream college. Or maybe you are already enrolled in your undergraduate studies and are in the process of applying to graduate school. Regardless of your post-secondary status, did you know that admissions committees consider more than just your GPA…
Opinions expressed by Entrepreneur contributors are their own. When customers are online, so are businesses. It’s no less true in the rental industry — with customers increasingly embracing online bill pay, online rent collection is only a logical next step for landlords. But online rent collection is often met with hesitancy. Some believe that online…
Opinions expressed by Entrepreneur contributors are their own. How did Elon Musk become one of the richest entrepreneurs in the world? He didn’t start just one company, he was involved in several groundbreaking enterprises including PayPal, SpaceX and Tesla. The same goes for Richard Branson, who has launched over 400 companies, and Oprah, who has…
Many CEOs earned less last year than the year prior, but the wage gap between top executives and the workers who work for them is steeper than ever. In 2022, the average compensation package for CEOs at S&P 500 companies (an index of the 500 leading publicly traded companies in the U.S.) was $14.8 million,…
If you’re feeling stuck or stagnant in your business, sometimes the answer isn’t a new marketing plan, fancy tool, or new logo. Sometimes the thing that needs to change is you. Fortunately, Anthony Trucks is here to help. For background, Anthony is a former NFL athlete, American Ninja Warrior, and international speaker. During the latest…
Opinions expressed by Entrepreneur contributors are their own. Setting up a startup is something many people want to do. They have a great idea, and ideally, they have tested it out to ensure it’s viable before they start. And then, they have some thoughts about how they might market their business, who their target market…