The Top 10 Mistakes That Keep Women Entrepreneurs From Scaling to $1 Million

Where are the million-dollar women? In 2018, just 1.7 percent of women-owned businesses generated more than $1 million in revenue, and the challenges are even greater for women of color entrepreneurs. Why is it that even though women own 40 percent of all businesses in the U.S., making “real money” is more the exception than it is the rule? What’s getting in our way when it comes to business ideas that make bank?  As a scaling coach and founder of Million Dollar Women, I work with hundreds of women across the country who are scaling up, and I interviewed dozens of…

9 Highly Successful Entrepreneurs Reveal the Biggest Startup Mistakes and How to Avoid Them

What separates the entrepreneurs who make it from those who don’t? These uber-successful business founders and Advisors in The Oracles share the most common mistakes they see from aspiring entrepreneurs and explain how to overcome those mistakes. Here’s why some will never make it — and how you can. 1. They believe everyone’s advice. Image credit: The OraclesMarla Beck Entrepreneurs often struggle because they listen to others’ advice instead of their instincts. Everyone has opinions. When you’re getting started, you’re going to hear a lot of people tell you no because “That’s…

Telltale Signs That You Shouldn’t Be Raising Venture Capital

Standing outside of the Mercy Virtual facility in St. Louis on an unusually cold fall day, I was on the phone with two founders who were pitching me on a new blockchain startup. They had a few customers and some early traction, but nothing to indicate product-market fit. And yet, they had raised $3.5 million from crypto investors in an Initial Exchange Offering (IEO) to grow the team and build product. Remarkably, the $3.5 million they raised was non-dilutive, meaning they didn’t have to give up equity in their business the…

Starting a Business Isn’t What You Think. Here’s What to Expect Instead.

According to recent research, 24 million Americans want to become their own boss by 2021, but they may not really know what they’re getting themselves into. Freshbooks collected data from more than 3,700 full-time American workers for it’s 2019 Self-Employment in America report. Many of them had recently become small-business owners or wanted to become one. It turns out many budding entrepreneurs have high expectations, but they aren’t being realistic.  The data shows people anticipate better work-life balance once they start a business. They think they’ll be healthier and less stressed. At the same…

4 Expert Tips for Creating a More Repeatable Sales Process for Your Startup

As great as it is to have an innovative idea for your product or service, your startup will ultimately live and die based on your ability to create a repeatable sales process. A clearly defined sales process that can be repeated time and time again to convert leads into paying customers will drive consistent revenue growth. In a startup, you will likely have to build your sales process out of nothing — that’s okay. By implementing some of the practices used by the experts, you can quickly develop a repeatable sales process…

Build Your Business with These 4 Influencer Marketing Tools

Having the right tools in place can help you become more focused and productive, and as a marketer you will be able to have more visibility for the right audience. Connecting with individuals rather than the market as a whole will greatly improve your influence. Are you ready for some great resources to tap into? Use these top tools, and let me know how these work for you! 1) Don’t miss important mentions – Social SearcherStay on top of the latest mentions about your brand on social media. Social Searcher…

2020: The Year Of Artificial Intelligence For Your Business

Close to 40% of businesses use artificial intelligence (AI). This number was estimated at 5% to 10%, but a survey by IBM showed that we grossly underestimated the scale of AI’s existence. Most importantly, this number is set to grow to 80% to 90% over the next 18-24 months. Furthermore, AI specialists are the number one job role for 2020. LinkedIn’s definitive list from their emerging jobs report for 2020 showed that this role showed an annual growth of 74%. A lot of businesses are daunted by the prospect of AI, partly because of a lot…

Customer Service: 9 ways to go from zero to hero in no time

Quick facts Most customers aren’t loyal. Majority of first-time customers are in the process of fulfilling particular needs and are not interested in long-term engaging relationships with a brand. Returning customers are far more profitable than newly acquired customers. It is easier and more cost-effective to sell to an existing customer than to find a new one. Marketing Metrics explains that you are 50% more likely to sell to an existing customer than a new one. In fact, marketing to a new customer is nearly seven times as expensive as…

5 Can’t-Miss E-Commerce Personalization Ideas

Personalization is nothing new in the world of e-commerce. Consumers are now expecting personalized shopping experiences from all online stores. In fact, according to a RedPoint Global survey conducted by The Harris Poll, more than half of consumers (63 percent) expect personalization as a standard. The only difference now is that they want more. While many e-commerce companies offer personalized product recommendations for their website visitors, you can go far beyond that to provide shoppers with a personalized experience from start to finish. Check out these five ideas.  1. Deliver personalized homepages.  Want to…

10 mistakes that rich and successful people never make, according to these self-made millionaires

Learning from the mistakes of others can make a big difference in helping you to achieve greatness and wealth in life. That’s why we asked 10 self-made millionaires and Advisors in The Oracles to share their advice on common actions that hold people back from success: 1. Failing to show up. “Not showing up is the No. 1 reason most people fail, and it’s a very common and easy mistake to make. Showing up again and again requires faith and persistence, but it also creates discipline. You’ll never conquer what you don’t move toward. If you don’t…