Opinions expressed by Entrepreneur contributors are their own. A majority of professionals claim they want to start their own business, but an extraordinarily small percentage actually do. Excuses include family obligations, bad timing, risk aversion, not enough savings, etc., but the most common excuse I hear is that they’re just […]
Idea
Seven Steps To Turn Your Business Idea Into A Reality
There are many people out there with dreams of entrepreneurship. They likely have several business ideas, and they may even be able to develop clear visions for what those businesses will eventually look like. However, when it comes to turning those ideas into reality, they’re not sure where to begin […]
UU student wins Belfast Business Idea Award 2022 with innovative diabetes app
Conleth Mallon (Injuiced), Orla McKeating (Still I Rise), Emma Corbett (Insurin), Harry McNulty (The Plant Alchemist) Tony Kearns (Belfast City Council) and Eimear O’Rourke (Allegy Act) Final year Ulster University Interactive Design student Emma Corbett has used her personal experience of type 1 diabetes to develop Insurin, an app to […]
May Is the Perfect Time to Develop Your Business Idea and Launch a Startup
The first week of May is National Small Business Week, where we celebrate entrepreneurs and recognize all the hard work it takes to start a business. Many people across the U.S. have a business idea or entrepreneurial aspirations – but not everyone takes action. For some, this inaction is simply […]
Testing A New Business Idea? Take These Eight Steps For The Best Results
Continuous innovation is important for the growth of any business. All innovation ultimately begins as a simple idea, but bringing that idea to life requires thoughtful and effective experimentation to reach a larger goal. As successful business leaders, the members of Young Entrepreneur Council understand that testing must be done […]
Got a New Business Idea? 5 Rules to Help You Bring It to Market
In January 2020, just as COVID-19 was starting to show up in the news, I had the idea for what would soon become my sixth startup, PlexiCam. I wasn’t alone. In 2020, the U.S. Internal Revenue Service received 4.4 million applications for new businesses. What many of those new business owners will […]
Elon Musk Reveals His Innovation Equation. It’s an Easy Way to Gauge If a Business Idea Is Viable
Elon Musk is revered as one of history’s greatest innovators. But what makes him so brilliant is that his genius is rooted not in an abstract complexity, but straightforward simplicity. It’s this ability that enables him to seemingly turn any wild idea he pursues into a wildly successful business. But that’s because […]
Looking for a New Business Idea? Here’s How to Identify What People Really Need.
Opinions expressed by Entrepreneur contributors are their own. As a would-be entrepreneur, it can sometimes be tempting to think that all the good business ideas have already been taken. When practically every industry seems to be overwhelmed with businesses (particularly in the e-commerce age), it can seem hard to find […]
3 Steps to Creating a Profitable Business Idea
Opinions expressed by Entrepreneur contributors are their own. According to the Bureau of Labor Statistics, 20% of startups are closed in the first year, and half of them within the first five years. CBInsights reports 35% of startups fail because of a lack of market demand, among others failure reasons — cash flow problems, getting […]
New category added to business idea contest | Local Business
It’s time for students to Enter The Den once again as the 2022 competition begins. A new category for grades seven and eight competitors has been added to the regular grades nine to 12 students. Participants will compete for the first-place winning of $1,000, second-place winning of $500 and third […]