Whether you’re a brand-new entrepreneur or a seasoned business professional, the Entrepreneur’s Organization can provide you with expert advice, industry insights, and friendly support. Around the globe, there are over 188 EO chapters comprised of tens of thousands of business owners just like you. And now, for every aspiring businessperson in Minnesota, there are several new opportunities to experience all the benefits of the EO.
The digital age has sparked innovation in countless industries, and while this is great for businesses, it has created a wide talent gap. For instance, one study found that it takes an average of 58 days for recruiters to find an engineer. Individuals with highly complex skills are in high demand, and at first glance, it appears that there are simply not enough qualified candidates to fill these positions. However, if you take a closer look, entirely new opportunities begin to open up.
Foreign investors have been interested in Latin America ever since the early 2000s, and the promising future of the region continues to pique the interest of entrepreneurs around the globe. According to an extensive report from The World Bank in 2014, Latin American countries went through a plethora of institutional and policy changes over the past several years that have led to unprecedented economic growth and stability throughout the entire region.
After just a few years, the trend of eCommerce has rapidly evolved from an exciting business experiment for mega-corporations into a necessity for businesses of all sizes. According to one study, 70% of Americans shop online at least once a month, and consumers have come to expect that their favorite brands can be easily accessible online, 24/7. Online shopping is undoubtedly here to stay, so businesses that don’t make the digital leap are at serious risk of becoming obsolete.
Many people associate mentoring or counseling with weakness, which couldn’t be further from the truth. It takes more courage to admit your faults and ask for advice instead of pretending like you have everything under control. In addition, having a mentor allows you to have someone to hold you accountable for the goals you set for yourself, check in on you, and provide support when you feel discouraged.
Speaking broadly, an entrepreneur is someone who identifies a need in the market and attempts to fill it. Naturally, this isn’t always the case as the world doesn’t really need another burger joint, but guess what? A new one just opened up somewhere in this fine country of ours as I wrote this. Regardless of whether a need has truly been identified, or you are simply improving on a product that already exists, starting your own business will be difficult with no guarantee of success -- regardless of how well you may plan ahead.
The old saying about “learning from mistakes” is especially true for those who have launched their own company. Even the most accomplished entrepreneurs have experienced their fair share of embarrassing mistakes and unexpected problems when they first opened their business! Fortunately, many business owners are able to laugh at themselves, resolve their past mishaps, and then share the lessons they learned with other aspiring entrepreneurs.
Deciding to launch your own company takes an immense amount of personal passion and dedication, but that doesn’t mean it should be a solo venture. Entrepreneurs have to learn how to balance the technical aspects of their company with building their network and connecting with other business leaders in order to ensure the success of their business ideas. However, this is often easier said than done.
Minneapolis, Minnesota, January 10, 2018 – In 2011 Entrepreneurs’ Organization Minnesota founded Entrepreneurs Rally. The annual event brings together accomplished and early-stage entrepreneurs for unconditional speed mentoring. It has proven to be a dramatic success, attracting over 70 mentors and 150 mentees seeking relevant experience and resources.