The Beginner’s Guide to Entrepreneurship

Getting started with entrepreneurship can be a bumpy ride, especially if you re striking out on your own for the first time.

From determining whether or not entrepreneurship is really right for you, to uncovering your strongest passions, finding the right type of business for your skill sets and learning how to help solve meaningful problems for your audience, there s a lot to learn.

However, at the end of the day, there s no better way to learn than to just get started.

Entrepreneurship: How to Determine Whether or Not It s for You

To start determining whether or not entrepreneurship is right for you, ask yourself these questions:

  • What s your tolerance for risk?
  • Do you prefer a steady paycheck or potentially unlimited earnings in exchange for risk?
  • Are you ok with taking on a multitude of different responsibilities each day?
  • If you have a business idea already, are you truly passionate about it?
  • Do you have the support of other stakeholders in your life?
  • Are you a good decision-maker?

If you feel confident in taking on the risks, rewards, and responsibilities that come along with starting your own business, let s keep going. If you re having second thoughts, that s ok—talk it over with friends and family, gather their feedback and consider pausing on your business ambitions if it s not the right time.

How to Discover Your Passions and Turn Them Into Profits

If you hope to stand any chance of success in the world of entrepreneurship, your reasons for going into business need to be pure.

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Sure, turning a profit and eventually earning more income than your day job affords you is a great reason to start your own business, but simply exploiting a market opportunity you ve identified won t last for very long.

When you pursue a business opportunity that you re not genuinely passionate about, the temptation to give up in the face of your first (inevitable) failures will become an increasingly appealing option. By solving a problem you care deeply about, you re aligning your goals with the success of the people your business will be helping—which makes you much more likely to push past any obstacles that come your way.

More importantly, you ll be setting yourself up for long-term success in entrepreneurship.

Here s How to Discover Your Passions

If like most people, you re not exactly sure what your strongest passions are, or which ones have the most potential to create a lasting business, start by asking yourself these questions:

  • What are your favorite hobbies?
  • What s the best part of your day?
  • What do you love doing?
  • Which topics could you enjoy writing an article about?
  • What do you like talking about with friends and family?
  • What are your strongest skills?
  • Are there any topics you re an expert on?

By carefully examining how you choose to spend your free time outside of your 9-5, you ll get a glimpse into the different topic areas that you have a genuine interest in. We tend to fall in love with doing the things we re good at—so do a personal SWOT analysis to determine your greatest strengths and strongest skills as an entrepreneur.

Next, you ll need to think critically about whether there s overlap between any of your interest areas and your current strengths.

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Therein will lie the best path for starting to turn your passions into profits.

For example, if you love running either competitively or for exercise, and your friends often come to you with questions about what type of running shoes they should buy, where they can find the best running trails in your city, or which upcoming races they should sign up for, that s evidence that your community already views you as an authority on running.

The next step on the path of entrepreneurship is to formalize a business model—and specific problem you want to solve within your strongest interest area.

Deciding Which Type of Business Idea Is Best for You

If you re not sure which type of business will suit you best, start by reading through this diverse list of small business ideas that spans across dozens of industries and see if anything gives you inspiration.

Once you have the general topic area you want to build a business around while keeping your day job, evaluate which of these types of popular businesses will be best for your existing skills, strengths and lifestyle goals.

1. Services

If you have a set of skills that are in high demand, such as web development, graphic design, writing, content marketing, or otherwise, choosing to go out on your own as a freelancer, consultant or building an agency are all great ways to build a service-based business around your interests. Leverage your existing professional network to land your first paying clients by tapping old co-workers, catching up with acquaintances, reconnecting with former classmates and ask if they know of anyone who could use your services. Nail your first projects, create a portfolio to highlight your best work and grow through referrals for as long as you can before turning to cold outreach.

2. Physical Products

If you ve got an idea for a physical product you want to bring to life, whether it s writing a book, manufacturing the next great iPhone accessory or something else entirely, at the end of the day physical products need to be shipped from door-to-door. After building your product, having an eCommerce website will be a must, so that you can market your products to an online audience.

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5 Ways to Use Your Skills to Start a Side Business

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By Ryan Robinson

Partner with other companies that reach the audience you want to sell to by forging joint promotions, distribution agreements and marketing partnerships to keep growing from there.

3. Digital Products

From writing and selling eBooks to teaching online courses, making graphic design templates, running an online magazine, producing online workshops, training seminars and more, a digital product-based business can be attractive for many reasons. Once you create your product, it can live out in the marketplace for years—accruing more sales and boosting your bottom line without the need for major updates if you find the right niche and figure out the best marketing strategies for reaching your audience.

4. Blogging

Choosing to start a blog and build your authority within your interest area can easily be one of the best investments in your future as an entrepreneur, even if it s not your primary business model right away. Begin by writing about topics you have a passion for, start sharing with others in your community that have the same interests and spread out from there. Decide how you re going to monetize the traffic coming to your blog, dial in your promotion tactics and you ll be on the fast track to increasing your income with each visitor to your site—especially if you begin offering digital products to your new audience.

5. Podcasting

Podcasting can be a great way to make money once you build your listenership into the thousands per episode. Get started by recording a few episodes talking about different issues and challenges you ve found within your interest area, capture some interviews with other experts in your field and begin promoting the first few episodes to other people you know that share your interest. Then you ll be ready to approach sponsors and start selling advertising space on your podcast.

What Comes Next?

Diving into the world of entrepreneurship requires taking a lot of action every single day. Get out there and start connecting with people who share your interests and challenges.

Then, learn how to solve their problems, determine how to best reach a wider audience with the same struggles and start spreading out to help more and more people as you grow.



New Ranking of the World’s Top Business Schools

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This article refers to the results of the QS World University Rankings by Subject in 2015. Click here to view the top universities for business and management in 2017.

The 2015 edition of the QS World University Rankings by Subject, released today, features a new ranking of the world’s top universities for business and management. This new ranking of the world’s top business schools is one of six new tables added this year, alongside new rankings of the world’s top universities for architecture, art and design, development studies, dentistry and veterinary sciences.

This inaugural business school ranking, which features just over 200 top business schools worldwide, is headed by the UK’s London Business School, followed by Harvard University (US) and INSEAD (France). The US accounts for almost a quarter of the top business schools featured, with 46 representatives. The UK has 25 representatives, followed by Australia (18), Canada (10), France (9), Germany (9), South Korea (8), the Netherlands (7) and New Zealand (7). A total of 32 countries claim at least one entry.

Top 10 Universities for Business Management

Highlighting top business schools around the world

This new business school ranking aims to assess institutions’ overall performance and prestige in the business and management field, at both undergraduate and graduate level. It is based on the same methodology used across the QS World University Rankings by Subject, drawing on indicators which reflect academic reputation, employer reputation and research impact. The reputational indicators are assessed using QS’s major global surveys of academics and employers, while research citations data is drawn from Scopus.

The ranking showcases strengths in the business and management field around the globe, highlighting world-class institutions spread across a total of 32 countries. Beyond the five countries represented in the top 10 (UK, US, France, Italy and Denmark), other nations featured in the top 10 include Singapore (National University of Singapore is 11 th ), Australia (the University of Melbourne is 15 th ), the Netherlands (Erasmus University Rotterdam is 17 th ) and Hong Kong (Hong Kong University of Science and Technology is 18 th ).

A total of 15 European countries appear at least once in the ranking; these are Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland, UK. The Asia-Pacific region is represented by Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand, and four Latin American nations are also featured: Brazil, Chile, Colombia and Mexico.



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THE TOP 50 ATTRACTIONS

Delaware River Tubing Top new business ideas

778 Frenchtown Rd., Milford, NJ 08848

Delaware River Tubing has been providing family fun to New Jersey residents and beyond since 1987 and they’re not stopping anytime soon! Delaware River Tubing is the perfect place to take the entire family for a day on the Delaware River. There is an activity for everyone in the family! Whether you want to relax on a tube all day, Kayak down the Delaware or try Canoeing it’s all available! Perfect day trip in New Jersey for everyone in your family and all of your friends! Don’t forget to visit the famous hot dog man!

Beneduce Vineyards Top new business ideas

1 Jeremiah Lane, Pittstown, NJ 08867

Nestled in the hills of beautiful Hunterdon County, Beneduce Vineyards offers a Winemaking Club (make your own barrel at a real winery and vineyard!), Wine Tastings and Sales, and Vineyard Tours. You can also join them every week for their “Group Therapy” Happy hour with live music on their beautiful stone patio or inside their Tropical Oasis- a converted greenhouse with indoor stone patio and fruit trees during colder months! Please contact Justen Beneduce at (908) 251-2526 or [email protected] to learn more about their Winery, Winemaking Club, or Private Events.

Liberty Science Center Top new business ideas

222 Jersey City Blvd., Jersey City, NJ 07305

What s new at Liberty Science Center? Amazing experiences! Try the Infinity Climber hanging gym where you can climb up to 35 feet high on 64 small platforms if you dare! Challenge your navigational skills in the pitch-black Touch Tunnel maze, and then walk across a steel beam 18 feet above the floor in the Skyscraper exhibit. Check LSC.org for show times to catch the stunning two-million-volt Nikola Tesla Lightning Show. The traveling exhibits change several times a year and include options for scientists ages 2-8 to adults. Isolate plant DNA; enjoy mini experiments with roaming science presenters; see live action science shows; and in the summer months, go wild on the outdoor Wildlife Challenge obstacle course. Children ages 2-5 will love I Explore, the gallery just for them no big kids allowed! And LSC has the nation s largest IMAX Dome Theater with constantly changing family-friendly films. See LSC.org or Facebook.

110 Schanck Road, Freehold, NJ 07728

The City of iPlay America is New Jersey s best place to GET INSIDE THE FUN! Come in and enjoy the spectacular array of more than 250 exciting video and skills games in the massive arcade. Check out thrilling attractions like Cosmic Battle 2-Level Laser Tag, 4D Theater, indoor Go Karts on the Pine Belt Speedway, Bumper Cars, Skyscraper, Boardwalk, Mini Bowling, the Freedom Rider spinning coaster and the largest indoor high-ropes course in New Jersey! Plus, there s a variety of additional rides and attractions just for younger children like Jump Around, Dizzy Dragons spinning ride and the thrilling Happy Swing! iPlay America also has terrific concerts for all ages, celebrity Meet Greets and amazing events. And best of all, it’s ALWAYS FREE to enter! It s YOUR Ultimate Everyday Getaway!

Jenkinson’s Boardwalk Top new business ideas

300 Ocean Ave., Point Pleasant Beach, NJ 08742

Located in beautiful Point Pleasant Beach New Jersey, Jenkinson s Boardwalk has attractions for people of all ages. It features white sandy beaches, fun games, mini golf courses, aquarium, arcades, thrilling rides and exciting attractions. From cotton candy and ice cream to pizza and healthier options, you can find exactly what you are craving along the boards! The Aquarium is home to a wide range of amazing animals from sharks and penguins to parrots and monkeys and many more interesting creatures that will make for a fun and exciting marine life experience.

Jenkinson’s Aquarium Top new business ideas

300 Ocean Ave., Point Pleasant Beach, NJ 08742

Jenkinson’s Aquarium is located on the boardwalk in Point Pleasant Beach, NJ. The whole family will love the exotic exhibits such as Atlantic Pacific sharks, Parrots, Penguins, Monkeys more! Explore the world of penguins up-close and watch the animal feeding times throughout the day. The kids will love the touch tank for a hands-on experience with live animals ranging from a sea star to a sting ray. The aquarium is open all year for your convenience, closing only on Thanksgiving, Christmas and New Year s Day. If you would like information on the aquarium, educational workshops, Outreach Program, birthday parties or rentals, please call 732-899-1212.

Casino Pier and Breakwater Beach Waterpark Top new business ideas

800 Ocean Terrace, Seaside Heights, NJ 08751

Seaside Heights, NJ is waiting for you this summer! Don t miss a visit to Casino Pier and Breakwater Beach Waterpark in the heart of the Jersey Shore. It s two great parks in one convenient location in the center of town. Casino Pier offers some of the best attractions at the Jersey Shore, including the brand new Hydrus Roller Coaster and Ferris Wheel. Test your putting skills on the 36-hole multi-level Smuggler’s Quay Adventure Golf Course. Want a thrilling experience? Try the SkyCoaster, Super Storm or Shore Shot! The Wacky Roof-Top Mini Golf, the Classic Arcade, the Sky Ride, Games of Skill and Chance and more will entertain your family all summer! Be sure to try the numerous mouthwatering delights from the Pier Grill and Food Stands. Just across the street, is Breakwater Beach Waterpark. Let the little ones splash away in the safe, soft clean toddler area while the bigger kids take on the thrill slides. Test your senses with the ALL NEW Aqua drop free fall! A 50 foot speed slide where the floor drops out from under you at the starting platform. Or take the twists and turns of a serpentine body slide as you wind your way above the lazy river! Tired of slides? check out the Wave Pool where you can experience the Jersey Shore without the sand! A day of fun in one place!



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Top 10 undergrad business programs in the U.S.

(Poets Quants) What’s the best undergraduate business program in the U.S.?

If you believe U.S. News World Report‘s annual ranking, it’s Wharton, hands down. If you think Bloomberg BusinessWeek would have a better clue about what makes a great business program, you would probably be surprised that Wharton doesn’t even make its top five. BusinessWeek prefers Notre Dame University’s Mendoza College of Business.

We’ve come up with a new way to look at the best programs, combining the results of the two most closely watched rankings of the undergraduate experience with a new and important wrinkle in the analysis: a university’s overall national rank in the annual U.S. News list. After all, a student who majors in business at any of these schools will be taking far more courses outside the business school during the four years he or she is enrolled in an undergraduate program. So the school’s overall reputation should be as important as the quality of the business program.

Using this composite methodology, the University of Pennsylvania’s Wharton School comes out on top, with a significant lead over the two schools that have tied for second place: Cornell University’s Dyson School and Notre Dame. The University of Virginia’s McIntire School of Business comes in fourth, while Washington University’s Olin School rounds out the top five. Many of the first-tier programs are well known. The business schools at UC-Berkeley, the University of Michigan, Emory University, the University of North Carolina at Chapel Hill, and Carnegie Mellon University complete the top 10.

Four of the top 10 undergraduate programs in business are at public universities. That’s largely because many of the best-known private schools that grant MBA degrees, such as Stanford’s Graduate School of Business, Harvard Business School, Columbia University, Northwestern University, the University of Chicago, and Dartmouth Tuck to name a few, do not have undergraduate business programs.

Wharton’s clear win is not surprising. The school boasts one of the most respected, and selective, undergraduate business programs in the country. The University of Pennsylvania has a 12% acceptance rate, and it doesn’t break its statistics down by school—though the rumors are that Wharton is harder to get into than Penn. A veritable Who’s Who of America’s Corporate Elite have waved hefty job offers at the roughly 650 students in the class of 2014, making freshly minted Whartonites among the most richly paid business undergraduates in the world.

With more applicants seeking a place in business programs throughout the U.S., it s also getting significantly tougher to get into a top undergraduate program. Average SAT scores at many of the highly ranked schools have risen steadily in recent years. At the Wharton School, average SATs are up 22 points to 1466 in the past three years alone (we’re using the older scoring method in which a 1600 is a perfect score, not the current 2400). That’s considerably higher than the overall average of 1050 for SAT test takers.

Demand is really growing at a higher rate at this point, says Lori Rosenkopf, vice dean and director of Wharton s undergraduate business program. Certainly, if we look at our own trends in terms of just pure applications over the last decade, we’ve seen an almost continuous rise, with the exception of the economic crisis of 2008. For the current application cycle right now, we’ve had a 13% increase in applications. I think it represents this understanding more generally that business translates through many spheres.

The Poets Quants system tends to diminish anomalies in any one ranking, a common problem with statistical analysis. Those odd effects lead to some fairly divergent results between the U.S. News and Bloomberg BusinessWeek rankings. While Wake Forest University’s business school is ranked No. 11 by BusinessWeek, for example, U.S. News puts it at No. 34. And while U.S. News gives UC-Berkeley’s business school a highly impressive No. 2 ranking, BusinessWeek ranks the same school at No. 15.

There are even more dramatic differences among other schools. Consider Northeastern University’s D’Amore-McKim School of Business. U.S. News has it at No. 72; BusinessWeek gave it 19th place. That’s a difference of 53 places. Then, there is MIT’s prestigious Sloan School of Management. U.S. News has it in a three-way tie for second place, behind only Wharton. Shockingly, however, the school failed to make this year’s BusinessWeek ranking at all. The year before, MIT fell out of the top 10 to 19th place largely because Sloan has fewer than 125 undergraduate business majors, about 2% of its undergraduate student body. Other schools have thousands of students studying business. “For a potential employer looking specifically to hire a large number of business majors, this isn’t enough students to make a campus visit worthwhile,” explained the publication.

Why are such dramatic differences so common among the two ranking systems? The inconsistencies can be chalked up to significantly different ranking methodologies. U.S. News’ results are entirely based on the magazine’s survey of business school deans and senior faculty, many of whom vote on the basis of a program’s reputation, not its true quality. They are asked to rate the quality of all programs they were familiar with on a scale from 1 (marginal) to 5 (distinguished).

The BusinessWeek methodology is much more complicated and inclusive. It is based on surveys of students, employers, and schools. The student portion of the survey alone includes 44 questions about teaching quality, access to faculty, school facilities, career services, and more. The corporate recruiter survey was completed by 301 of the 922 surveyed employers, a response rate of 32.6%. An attempt to size up a school’s academic quality, using such factors as average SAT scores for the latest entering class and the ratio of faculty to students, is also used based on both school- and student-provided data.



The Top Entrepreneurs of the Last 100 Years

Updated: August 03, 2009

There s no better way to kick start business planning than by taking a look at the playbook of the top entrepreneurs of the last century. Let the following business leaders inspire and motivate you with their words and actions.

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When was the last time you evaluated the performance of your current contact center and the software you are using? The results may be frightening! If it’s been awhile since you invested in contact center software, there is a good chance that your needs have changed or that there are better options available now. Fortunately, it’s relatively easy to determine if you need an upgrade or not. more

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The wrong phone system could be haunting your business – and we’re talking about problems more serious than ghosts and ghouls. From increased costs to issues with scaling, we’ve identified seven important ways that a less than ideal phone system could be holding you back. You’ll be surprised at how much of a difference this can make to your bottom line too. more

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An in-house fax server gives an IT department centralized management and monitoring over the entire enterprise’s faxing. This can help your company track usage and better maintain records for auditing and record keeping. However, there are serious drawbacks that come with utilizing an in-house fax server solution and these range from security to cost-prohibitive pricing. more

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As an IT manager, maintaining physical fax servers and infrastructure is not a high priority. However, fax capability remains a business need simply because chances are your industry is dependent on its security. What if there was a way to reduce the amount of time spent handling fax complaints and maintaining physical servers? And this way took into account security, cost savings, and freed up your IT resources. Would you be interested? more

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Adopting a CRM platform early offers many advantages, including the fact that it increases the odds of long-term success. While the cost of CRM software used to be prohibitive for most small businesses, this is no longer true. Cloud-based solutions have made the pricing much more competitive, and as many as 87% of companies now rely on them for their CRM software. more

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Honored to meet Egypreneur team, they are doing a great job in supporting startups providing them with business opportunities!

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Thanks Egypreneur for giving entrepreneurs the chance to promote themselves and gather around interesting discussions at Cairo ICT!

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PoshShop, the marketplace for pre-owned authentic luxury goods is making it safer to shop for original items online

It was actually tailored to my late grandfather this was my response to a colleague commenting on my grey wool suite, one of my all.

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Electronics Hardware, Entrepreneur, Executive Management, Marketing, Startup, Stories, Technology Entrepreneur

Step-by-Step Guide on launching your Crowdfunding Campaign especially if you are a hardware startup

Crowdfunding campaigns are one of the best ways to validate your products, especially if you are a hardware startup. For the followers of the Lean.

Top entrepreneurs

Fashion Apparel, Stories

Abayology: How harmony and balance can be your best companions while starting and growing a business.

While I was not the typical guest to this type of delicate showroom in Nasr City, the aroma pleasantly hypnotized me that I became even more.

SIGNUP FOR EGYPRENEUR MEMBERSHIP

Membership is currently available for Pre-Order, ask for more details on billing cycle and membership activataion as you signup, you can still use all available benefits prior to activation.

Membership Signup
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Service Package
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choose your plan

individual

EGP 999

per year

EGP 2499

per year

organization

EGP 5999

per year

brand

EGP 11999

per year

Still not sure? Book an Appointment

Still not sure where to start? Schedule a session with a specialist to know more how Egypreneur membership can help you grow your business

We previously worked with the following partners

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Top entrepreneursEgypreneur is the 1st and largest network for entrepreneurial business owners and executives in Egypt.

Since 2008, Egypreneur has been providing entrepreneurs with networking opportunities and business support services needed to reduce their expenses, increase their profits and expand their business locally, regionally and globally.



Best Business Schools 2018

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Is it Better to Get a Specialized or General MBA?

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Based on surveys from 23,000 on-campus MBA students and 4,700 online MBA students, our b-school rankings will help you find the best MBA program for your career goals.

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QUIZ: Is an MBA Right for You?

Take our quiz to find out if an MBA is the right choice for you, right now.

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Learn which business schools have the most highly rated faculties.

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We know that great scores take work. That’s why we design our courses to be efficient, targeted and strategic so you make the most of every minute you spend prepping.

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Our experts know how to design lessons based on how you’re learning. That means we don’t just record classroom lessons and put them in our Self-Paced prep we design lessons FOR Self-Paced.

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We love our teachers, and so will you. We look for proven expertise and a sense of humor, and that’s BEFORE we put them through 40 hours of training!

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We guarantee you’ll get higher scores and have an exceptional test prep experience. If you don’t, we’ll refund your tuition or let you prep again for free.