Based in Washington, DC, Chad Kagen is the principal founder of multiple businesses, an accomplished finance expert, and a dedicated philanthropist.
How Remote Work is Making Room for Innovation
Remote work is a style of work that has been in use for many years. IBM, in 2014, had over 40 percent of its entire workforce working remotely. However, in 2020 many workers will be forced to work remotely from their homes. As something that was previously viewed as impossible or challenging, remote work is now being viewed in a different light by many organizations. Remote work has paved a new path for innovation in many industries.
Before the heavy use of remote work, ma...
How to Minimize Business Risks
To be an entrepreneur is to accept a certain amount of risk. It comes with the territory. But smart business owners implement specific strategies to minimize their risk in any way they can. Here are some of the best-known business risk reduction methods:
Think like a farmer — diversify
Farming is a business, after all, and one of the riskiest to boot. But farmers have known for centuries that the best way to hedge one’s bet is to diversify their production. That means raising a variety of dif...
Three Ways to Make Every Business Meeting Worth Showing Up
An issue that both managers and employees encounter is the wasteful meeting. While it seems that many people conclude meetings could often be an email exchange instead, actually 94 percent of employees view their business meetings as wasteful at least some of the time. The long time spent in meetings could go to more productive uses. There are simple steps that companies can use to make sure that their business meetings are worth it and reclaim valuable lost time.
Agenda PlanningA source of w...
How To Evaluate Your Business
At some point, you may want to sell your business to retire or pursue other ventures. When that day comes, you’ll need to know the value of your business to ensure you get a fair price for it. You can use the following steps to evaluate your business accurately. Once you know the business’s true value, you’ll be in a better position to consider offers from investors.
Determine the Value of Physical Assets
You should make a list of assets your business owns, such as machinery, tools, and other...
Handling An Employment Gap
As you start a new job search, one of the things you’ll have to do is to edit your existing resume. In addition to making any necessary changes to your contact information, you will also have to update your employment history. This may include addressing any gaps in your work history that exist. Here are a few tips for handling those issues.
Mention Unpaid Opportunities
Don’t forget to include unpaid or volunteer experiences on your resume during employment gaps. Whether you volunteered with ...
How to Build a Diverse and Inclusive Business
Businesses generally know a diverse and inclusive workplace is good for business. Diversity creates a wide variety of outlooks and skills. Figuring out how to build a business that models diversity and inclusion can be challenging. With the right resolve, any business can become a welcoming place for workers across the spectrum.
Building an Inclusive Environment
Creating a culture of inclusivity is key to building a diverse and inclusive business. It is not enough to hire a diverse set of ind...
Creating Incentives For Your Business Investors
If you want to start a new business, one of the first things to consider is how you’ll raise capital for your startup. While borrowing is one option, finding investors can offer you more financial freedom as you launch your business. In looking for investors, it’s important to know how each type of investor can be motivated to invest their disposable cash in your business.
Each angel investor is unique and has its own motivations for investing in startups. They’re equally dist...
A Look Into The Evolution Of Entrepreneurship
In the modern digital age, entrepreneurship is even more accessible than it was just a few years ago. This is partly due to the availability of home computers, laptops, and mobile devices. All that’s needed to start one’s own business is one of those devices, an internet connection, and a website. However, even as people use those resources to start their own enterprises, the path to entrepreneurship continues to evolve.
It Started With a Barter System
Looking back into the past, it’s easy to...
The Biggest Mistakes To Avoid As A Small Business Owner
As a small business owner, you’ll make mistakes in launching and managing your business. That’s only natural as a result of doing something that’s different from the jobs you have held up to this point. While you don’t have someone to lead you, learning from previous business owners and entrepreneurs can avoid many common mistakes. Here are a few common pitfalls to avoid.
Don’t Expect Overnight Success
There are very few instances in which a business achieved overnight success, even though it...
Tips On Building A Strong Team For Your Business
It’s nearly impossible for one individual to crew an entire operation by themselves. Two heads are far better than one, and a successful team that operates like a well-oiled machine is far more superior. An effective, well-built team is the cornerstone of all businesses. Once you are able to build a strong team successfully, the closer you are to achieving endless goals. The following are several tips on how to go about building a strong team for your business.
Take the time to create an effe...
How To Diversify Your Investors For Your Business
Financial advisors often encourage their clients to diversify their investments to help them protect any wealth they grow. This is an important and common strategy because a bad turn in the market could put all of your wealth at risk if it’s consolidated in one or two investments. Separating your wealth among multiple types of investments will help you protect your existing wealth, and it may allow you to grow more wealth consistently. In diversifying your portfolio, consider the following ti...
Getting your Employees Involved with Philanthropy
Corporate responsibility is becoming more important. Ass such, companies are starting to plan ways to get involved in the community and the global space and make a difference. However, creating programs designed to give back is only part of the solution. If you want to make an appropriate impact on society, you will need to develop ways to get your employees to participate willingly.
That said, the task is actually much easier than it sounds. Here are some tried and true ways to get your staf...
Important Trends Entrepreneurs Should Know About In 2021
Whether you’re a new entrepreneur or you’ve been in business for a while, you’ll need to know which trends are on the rise for the coming year. When you can anticipate how marketing and business trends will fluctuate, you can better use those resources to your advantage. Here are a few rising trends that will affect your business in the upcoming year.
The Integration of AI and IoT
Artificial intelligence has come a long way in recent years, and it will continue to evolve well into 2021. One t...
The Benefits of Startup Funds
If you’re lucky enough to have a startup that quickly turns a profit, you probably won’t have a need for more capital. Unfortunately, you can never count on that happening. The reality is that startup funds are necessary for most small businesses. Here are just a few reasons why.
Growing Your Business
Businesses tend to grow slowly, especially when it takes time for them to become profitable. This means they have to spend most of their time and funds just staying afloat. Having startup funds ...
How Has Entrepreneurship Changed The Workplace?
When looking at the business world’s evolution in recent years, it has become apparent that entrepreneurship has had a profound impact. Not only has the unique approach taken by entrepreneurs shifted how businesses function, but they have also provided a new level of innovation that was not previously seen. Both new and experienced professionals should have a strong understanding of how entrepreneurship has changed the way that the workplace functions.
Increased Disruptive Innovation