Is Your Business Struggling? How Do You Know When It’s Time to Quit?

I engage with a lot of entrepreneurs, and occasionally the question about knowing when to quit if your business is struggling comes up.

To address this important issue, I wrote a guest article over at SteamFeed.

If you dig it, please share on social media and let me know your thoughts in the comments at the article.

Here’s the article –>

 

 

Feature Image Credit: Sarah Page don’t quit

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3 Places Entrepreneurs Can Find Much-Needed Support

Only entrepreneurs, or the people who regularly invest money with them understand what it’s like to be an entrepreneur.

Thus, it’s not easy to find support when things are going sideways for your business.

This is an article I wrote for SheKnows.com as an “Experts Among Us” contributor and is the first article for what I hope will be an “Ask an Entrepreneur” type of section.

If you like the post, please comment at the article and help give the new section idea a little momentum by sharing on social media.

Thanks and here’s the link to the article –>

 

 

 

Photo Credit (header photo): Photo by Andreas Klinke Johannsen Help wanted sign

 

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Why Your Business Idea is Probably Worthless

I love twitter.

I meet the most interesting people there.

I recently connected with Paul Brunson on twitter via an article he wrote: 20 Successful Habits I Learned Working For Two Billionaires that is a must read.

But it was an article Paul shared on twitter, the 3 Most Dangerous Half Truths in Entrepreneurship, by Tim Berry, that inspired this post. The article railed against doing what you love in business, and the myth about passion, persistence, and perseverance as the keys to success. (more…)

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Sometimes When You Lose, You Win

Life is a funny thing sometimes.

One second things seem to not be going your way. Then mysteriously, the entire universe conspires with you and a previously $h!tty situation turns out in your favor.

This happened to me so many times on my WeMontage journey. Like the time I was in the accelerator and pitching an investor who told me there is no way he would invest in my business, but then ended up doing just that thru an angel group to which he’s connected.

Or this past year when two huge PR opportunities kept getting severely pushed back when I really needed them to happen immediately to help cash flow. In the end, the PR spots hit in the fourth quarter of 2014, when consumers were more likely to buy.

That worked out great.

 

Another Entrepreneur Weighs In

I wanted to see if other entrepreneurs had similar experiences, so I reached out to Dino Dogan, founder of Triberr, a platform that helps bloggers solve the problem of  writing blog posts that no one reads; it does so by helping bloggers develop a community of sharing and support with other bloggers.

Below is Dino’s story about making vodka-mint lemonade out of lemons:

(more…)

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Entrepreneurs: Is Your Business Struggling? You Always Have A Move.

I’m über pumped to have my first article published as an expert entrepreneur contributor to SheKnows, which reaches 20 million people per month.

Head on over to SheKnows to read the full article and please share, if you dig it.

Cheers!

 

Feature image credit: Dana Lookadoo Determination Best description of determination as shown on the back of a friend’s tshirt.
 

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Are Parent Entrepreneurs Superheroes?

I opened the mail the other day and found something that put a HUGE smile on my face. And if you’re a parent and an entrepreneur this story is gonna make you smile, too.

While surfing the internet a few months ago, trying to connect with other dad bloggers, I stumbled across a website owned by Allan Branch, a dad and entrepreneur. The site is Less Accounting, and Allan fancies it as “bookkeeping software for business owners that dislike bookkeeping.” With many people looking to create their own business, they might find that may need help with their bookkeeping. Within a new business, it is not uncommon to find that a business is using someone similar to this Paro part-time CFO to help their bookkeeping. Bookkeeping is associated with while types of businesses, from father corporations to even the smallest businesses such as entrepreneurs, with some looking for nonprofit bookkeeping to help with their accounting and taxes.

What was remarkable though is Allan promised to send me a brochure about being a parent entrepreneur, just for visiting his site. Flash forward a few weeks and I got…THIS. (more…)

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Entrepreneurs: Where Do You Find Inspiration?

The other day I had a flash of inspiration. Normally that wouldn’t be such a big deal, except, after I thought about it for a second, I realized I haven’t been inspired in the last eighteen months.

So, I was excited to see my old friend (inspiration) paying me a visit, because that is how I’ve gotten as far as I have with my business. Entrepreneurs are constantly thinking of new businesses they could build, rather than following a traditional career path sticking to one industry. Most recently I’ve been interested in the potential of social trading on somewhere like the Etoro trading platform, as it allows those without much trading experience to get into the game. It could be a lucrative option for a business!

Then I started wondering, what is inspiration? How do other entrepreneurs find it? And do they (other entrepreneurs) value it as much as I do? You can take courses to learn the basic skills of being an entrepreneur, such as those offered by the solo institute, but inspiration is what gives you your passion and your USP. (more…)

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Want To Be An Entrepreneur? Great. Can You Stand The Pain?

Most people love to talk about their success, but few are willing to tell the story of their struggles.

Fewer people still will openly share the pain they endured before they “turned the corner” and became successful. This quote from Abraham Lincoln says it best:

Men are greedy to publish the successes of [their] efforts, but meanly shy as to publishing the failures of men. Men are ruined by this one-sided practice of concealment of blunders and failures.

My wish to share not only successes as a parent entrepreneur, but also my blunders and failures, so that other parent entrepreneurs might not repeat them, is why this blog exists.

Last week, my startup, WeMontage, got national television exposure, but the last six months leading up to this event have been among the most emotionally and financially challenging in my life. And it got so hard, I nearly cried. (more…)

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How I Managed The Disappointment Of Not Getting On Shark Tank

Disappointment is a part of life. This may be a biased comment, but disappointment feels more acute for people like entrepreneurs, who risk everything to make their dreams a reality.

Entrepreneurs quit their jobs, sacrifice relationships with friends and family, cash out their 401ks and run head-first into the unknown; that place in the universe filled with possibilities, tremendous joy and fulfillment. But also with lots of disappointment.

I’d like to share how I overcame the disappointment of not making it to the final round of auditions to get my company, WeMontage, on the incredibly popular TV show, Shark Tank. (more…)

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Is It Risky Playing It Safe With Your Life?

During my incredible video interview with Digital Lifestyle Expert and TODAY Show correspondent, Mario Armstrong, we were talking about what inspired us to be an entrepreneur and I said, “I want to be a shining example to my 20 month old twins of what’s possible when you believe in yourself and follow your passion,” and not just play it safe.

Then I said, “It’s risky playing it safe,” which intrigued Mario.

 

A Life Of Regret

What inspired my risky-safe riff was an article I read a few months back by a palliative care nurse whose job was to take care of patients who were sent home and expected to only live another few months. The nurse said the most common regret from all her terminally ill patients was:

I wish I’d had the courage to live a life true to myself, not the life others expected of me.

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Interview With Mario Armstrong: “You Are In Control Of Your Destiny”

I am SUPER-excited to share the first video interview for ‘trepLife Dad, and I’m pumped that it is with the inimitable Mario Armstrong. Mario is an Emmy Award-winning digital lifestyle expert, a parent, and an entrepreneur. You’ll probably recognize him from The TODAY Show and a few other places.

Mario is a committed husband and dad, and I love when he said, “If I ever get to the point where the business is damaging the relationship [with my wife and son], the business has to go.” He will shut it down. Wow! Incredible commitment.

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How I Became an Accidental Stay at Home Dad-Er-Entrepreneur

Photo by bjornmeansbear
Photo by bjornmeansbear

 Starting Up Then Running Out of Cash

It’s cliché to say being an entrepreneur is hard. Duh!

 

I was fortunate enough to launch my company, WeMontage, after completing a tech accelerator in Wisconsin called gener8tor. And I was even luckier to raise investment capital, which gave me twelve months to try to get to product/market fit before having to raise an additional round of capital. But as we all know, things don’t always go as planned.

 

One year after launching the business, we built a great product and had lots of super happy customers, but we ran out of cash and were unable to secure additional financing, which I wrote about extensively here. Like any entrepreneur in this situation, I cut expenses, both for the business and personally, while I continued to look for repeatable, scalable paths to market.

 

The Decision To Stay At Home

Photo via PageTX
Photo via PageTX

The decision to stay at home from a practical standpoint was an easy one. Our nanny was going back to school and the timing of this was really a blessing in disguise because, as I said, we needed to cut expenses at home. The thought was I could stay home with the twins, while working on WeMontage between their naps and in the evening. Makes perfect sense, right? (more…)

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