Even if you’re in the second half of your life and worried about getting your business started quickly, we’ll tell you why taking it slow is your best bet.

6 min read

Opinions expressed by Entrepreneur contributors are their own.

The following excerpt is from Rick Terrien’s Ageless Startup. Buy it now from Amazon | Barnes & Noble | IndieBound

Doesn’t creating a new enterprise mean that everything’s going to happen quickly and with great difficulty? Aren’t new enterprises built around hard choices, hard work and endless hours? These are myths, and you don’t have to buy into them if you want to be successful.

Consider the word hard. The word often implies something onerous and difficult. Something that we think is hard is something we typically don’t want to do. If something is new to us, it’s usually something we don’t know how to do.

Now, let’s put that in context. A new enterprise should be something you want to do. You’ve been doing new things most of your life, so you can put your skill set to work to help overcome the hard/new challenges. If your new enterprise is something you want to

Even a global pandemic might not dampen the island’s prospects as a new-business hub.

5 min read

Opinions expressed by Entrepreneur contributors are their own.

Singapore has become renowned as one of the leading global hotspots for entrepreneurial innovation. It should thus be of little surprise that budding entrepreneurs from around the world are flocking there in huge numbers to benefit from the economic climate there when they launch startups. But despite the fact that Singapore has generated a staggering degree of startup success, many business professionals and foreign investors are still totally unfamiliar with why it’s such a new-business hub in the first place.

The Perfect City-State

Some entrepreneurs have labeled Singapore the perfect city-state. This is largely because a confluence of factors, including governmental support for innovative researchers and an eager private sector ready to finance new ideas, has ensured that this island provides the ideal ecosystem for budding business owners. Let’s begin by reviewing the immense support for entrepreneurs and startups provided by the government of Singapore, whose game plan is being copied by other countries that want to foster similar economic vibrancy.

One of the primary reasons that Singapore has become a regional

The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package that tees up more than $2 trillion in spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to stem the coronavirus.

“At last we have a deal,” Senate Majority Leader Mitch McConnell said early Wednesday on the chamber’s floor. “I’m thrilled that we’re finally going to deliver to the country.”

Senate Democratic leader Chuck Schumer called it an “outstanding agreement.”

The legislation was still being drafted but McConnell said the Senate would vote on it Wednesday. It would still have to pass in the House before it gets to President Donald Trump’s desk. House Speaker Nancy Pelosi had consulted with Schumer throughout his negotiations with Treasury Secretary Steven Mnuchin.

The plan includes about $500 billion that can be used to back loans and assistance to companies, including $50 billion for loans to U.S. airlines, as well as state and local governments. It also has more than $350 billion to aid small businesses. Then there is $150 billion for hospitals and other health-care providers for equipment and supplies.

Direct Payments

For individuals the package provides direct payments to …

There are three clear and focused choices every entrepreneur must make.

4 min read

Opinions expressed by Entrepreneur contributors are their own.

To grow a small business, you have to figure out how to protect the time and money you have and make sure that you only spend it on the activities and resources that will get you closer to your goal. We are sure you have found yourself asking questions like:

  • Should I do this marketing campaign?
  • Should I buy this advertising spot?
  • Should I go to that networking event?

It often feels like a stab in the dark when you are choosing which opportunities are worth it and which are actually going to be a waste of your resources. To make informed decisions, you need to make three clear and focused choices, and then use them as a filter every single time you are considering spending a minute of your time or a dollar of your money.

Related: 18 Ways You Can Make Money Right Now

1. What do you do?

Most business owners think that when the going gets tough, they have to change their products or services. It’s a common knee-jerk reaction to

Four ways to prioritize profitability from the start.

6 min read

Opinions expressed by Entrepreneur contributors are their own.

My number one piece of advice to all beginning ecommerce entrepreneurs is to prioritize profitability first. It’s great to have revenue, but if your expenses are continually putting your business into the red zone, it’s time to rethink your business model. Twenty-nine percent of small businesses go out of business because they run out of cash, and despite the significance of this statistic, less than half of small businesses are profitable and nearly 30 percent are actually losing money. 

Related: Google, Facebook and Amazon Are the Only Winners in Ecommerce

I’ve run an ecommerce business for over 12 years, and in hindsight, I see that my prioritization of profitability has sustained my business through inevitable low points. There’s a mythical line of thinking that businesses can’t always be profitable from the start, but they can be — even if they’re bootstrapped. I’ve learned plenty about how to lay the groundwork for a profitable ecommerce business in my experience, and here are my top tips for beginning entrepreneurs. 

1. Orient your product in what your target customer most wants

Wed, Mar 25, 2020 – 3:33 PM

IT would be unconstitutional for Singapore to delay the holding of a General Election beyond the April 2021 deadline, as such a delay can only be done if a state of emergency is called, Senior Minister Teo Chee Hean said in Parliament on Tuesday.

Nor is calling a state of emergency something to be done lightly, he said. He was replying to Member of Parliament (MP) Christopher de Souza, who noted that former MP Tan Cheng Bock had suggested that the general election be postponed and that the president exercise her power to create a caretaker government.

Amid the current Covid-19 crisis, the choice that Singapore faces is between hoping that the situation will stabilise in time so that elections can be held then, or settle the elections early to give the new government a full and fresh mandate to take tough decisions in the interests of the country, said Mr Teo.

“When you are sailing into a storm, you want to be certain of who your captain is, and that he will not be changed halfway,” he added.

It is “not a good idea” for Singapore to place its hopes on the