Igniting entrepreneurial passion in hospitality professionals through practical guidance and inspiring narratives.
From busy students to always on-the-go employees, many people stop in a coffee shop for a caffeine fix every day. It’s no wonder why a coffee business has become one of the popular businesses many entrepreneurs are interested in venturing into. It’s also a business you can start if you have the resources and the…
Many entrepreneurs hesitate to tap into the hospitality sector because it’s one of the most challenging industries to succeed in. According to Epos Now, 60% of businesses in the hospitality sector fail within the first year, and 80% fail within five years. There are many reasons why businesses in the hospitality industry fail, from lack…
Taking the leap between a 9 to 5 job and starting your own company is a huge decision. Ninety percent of startups reportedly fail while 20% of them fold up during their first year. Those are pretty daunting odds that can unnerve even the most confident of entrepreneurs. Running your own company requires a lot…
Choosing the right career path is a choice that needs proper orientation. It is a choice that can make or break the future of an individual. It is a choice you must get right, because failure to choose the right career path can be a recipe for disaster. There are two broad career paths. You…
There is a famous proverb, ‘necessity is the mother of invention’. Most of the entrepreneurs are not able to find the best fit for themselves and that quest of the right fit pushes them towards their entrepreneurial journey. Most of us believe that entrepreneurs are born out of the innovative zeal and the creative acumen…
In 1997, two entrepreneurs tested sending a DVD to their own home in California. When it arrived unscathed, they decided that the time was right to launch a DVD mail order rental business. In the beginning, customers could log on to the website, pick out a movie and rent it for $4 with a $2…
We all know about entrepreneurship and innovation. In today’s technology era the economy is driven by innovation and through entrepreneurs from all across the globe. In this post, we look at 4 success factors of entrepreneurship. The success factors we are discussing here is slightly off beat. These are the factors that decide true character…
What do you think about creation and innovation? What do you think about creativity? Is it something that people are born with or is it acquired trait? Is creativity a skill that is inherited or can it be learned. Let’s explore this further in this post. No definition of entrepreneurship is complete without mention of…
Entrepreneurship and innovation are two facets of the same coin. However, is an innovator an entrepreneur? No, not always, for the simple reason that “innovation generally refers to changing or creating more effective processes, products and ideas.” If they take on great financial risks in their endeavor, they then become entrepreneurs. Is an entrepreneur the…
Non-profit organizations often face issues regarding lack of time and team. This is where email marketing can come in handy and help entrepreneurs of non-profit organizations stay on top of their workload while staying connected with their benefactors. A key trait of an entrepreneur is to stay on top of things and new trends. From…