The Entrepreneurship Center

25/02/2023

Have 3 minutes and 57 seconds?

If so, please listen to the 3 key traits of career entrepreneurs below.

I think you'll be surprised as to what we've identified.

If you're thinking about starting a new business or strengthening a mature business you already operate, we'd love to be of service.

DM us today and we'll setup a time to talk via Google Meet.

08/02/2023

Back in September, we hosted a premiere of The Greatest Beer Run Ever that was filmed in Thailand between Chiang Mai and Bangkok.

Many of the films extras and a few supporting roles were cast locally from Thailand and this party was a celebration for them and the community at our office.

We hope you enjoy this recap of a super fun night with great people.

Enjoy!

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Let's Talk Entrepreneurship Today ► https://www.entrecenter.com/discovery-call
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04/02/2023

In today's training, we'll be covering supply chain basics and how they can be used by modern entrepreneurs.

Supply chains affect all aspects of our daily life and as entrepreneurs it's critically important that we understand, use and master this tool.

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Let's Talk Entrepreneurship Today ► https://www.entrecenter.com/discovery-call
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Most supply chains consist of 6 key stages including:

- Raw Materials Providers
- Suppliers
- Manufacturers
- Distributors
- Retailers
- Consumers

As modern entrepreneurs we can use supply chains to our benefit in the following ways including:

- Starting a New Business Earlier In The Chain
- Negotiating Better With Current Suppliers
- Building Our Own Supply Chains for Product Development

We hope you enjoy this training.

23/01/2023

Decisiveness is a key attribute of career entrepreneurs. This training provides a simple reset and recommendation on how to ensure critical decisions are being made with consistency, safety and ease.

Please leave some thoughts on our video content and recommendation in the comments below:

Also, if you have a business idea that you've been looking to launch, re-brand or grow, we'd love to chat.

Book some time with me below:

https://www.entrecenter.com/discovery-call

Talk soon!

17/01/2023

Hiring serious help on a long term basis can be a tough decision and a daunting task.

We've had to do this more than a few times and have learned positive tips, strategies and approaches each time.

Below is a training video that can help you safely understand what to think about before hiring your first employee.

The 10 Steps Include:

- Analyze Your Product Market Fit
- Prepare Your Cash Reserves
- Maximize Technology Usage
- Identify All Employment Types
- Define Your Location Requirements
- Evaluate Your Readiness to Share Space
- Outline Your Culture & Values
- Clarify The Job Offer & Benefits
- Implement Risk Mitigation Scenarios
- Know Key Employment Laws & Tax Requirements

Our focus here is on areas that others rarely discuss but that are vitally important to the realities of hiring and we hope it's helpful to you.

If you'd like to launch your new 2023 business idea in 90 days or less, book sometime with us below.

Or...if you need some help solving real problems in your current business, we'd love to support you there as well.

Let's book some time to speak here: www.entrecenter.com/discovery-call

Enjoy and we are looking forward to speaking with you soon.

05/09/2022

Cash inflow and outflow is the essence of being an entrepreneur.

Ideally, our goals are to have more coming in than going out but it doesn't always work out that smoothly.

A cashflow statement is used to track these activities in our businesses whether we are self-employed or run a fast growing VC startup.

We've created a crash course article into understand the basics of cashflow statements and how to use them for your business here.

Enjoy!

The cash flow statement (CFS) is one of the three key financial statements.

03/09/2022

It’s with great pleasure we announce that today is our 5th corporate anniversary!

Five years ago, we started our journey as a multipurpose entrepreneurship education and services company.

Our goal was to be a resource for entrepreneurs and early stage companies as they navigate the challenges of entrepreneurship.

It’s been a wild ride but we’ve made it so far and couldn’t be more thankful for the support of all involved.

Since our grand opening, we’ve had unique opportunities to support entrepreneurs in the following ways including:

- Co-Working Space Access

- Hosting Unique Live Events

- Creating Business Education

- And now…Digital Media Agency Services

In addition to the services above, we’ve been able to assist in the development of some pretty cool online brands in various industries including sports, marketing technology and food services.

From day one, our mission has been to provide clarity and resources to the entrepreneurship ecosystem so that all economic members can safely navigate its inherent risks.

Staying in alignment with that vision, we’ve been fortunate enough to codify our experiences and research into our Key Concepts offering.

Some of these concepts include E5 Framework, People Groups, Valueflow and more. This is our first step into making entrepreneurship a respected academic discipline and we couldn’t be more proud.

As we look to the future, we have our eyes set on assisting more entrepreneurs at all stages and are particularly excited about our newest program - The Digital Business Accelerator.

To find out more, you can review the program here: www.entrecenter.com/digital-business.

Thank you again for your support and we hope to celebrate another multi-year anniversary with you soon.

31/08/2022

If you have leads then Inbound Sales is the next skill to learn.

It's the process of turning interest into opportunity through conversation.

It's a 10 minute read but could really change how you look at sales over the phone and in person.

Hope you enjoy!

https://blog.entrecenter.com/post/sales-cycle-basics-for-modern-entrepreneurs

06/07/2022

5 Components Every Email Marketing System Should Have

Even though there are many tools available for promoting a business, email delivery is one of the most simple, yet effective instruments for marketing campaigns to promote products and services. With the soft sell embedded in its nature, email marketing can create expansive awareness for new arrivals, or can be used to build and keep relationships with current and prospective customers. For this reason, email marketing is playing a pivotal role in business strategy in any industry.

Nevertheless, the rising number of email marketing services indicates high competition. Some offer distinctive features that others do not. With a variety of options, this article garners the most important components that every email marketing system should have, for the perfect service that matches with customer demand.

Friendly User Experience (UX) and User Interface (UI) -

User experience (UX) refers to the design of interaction between the user and product such as usability and function, while user interface (UI) relates to visual design such as a web page or icons. Both elements are important to email marketing services because they provide the service user with ease of use. It is recommended that the drag-and-drop interface be added. The more intuitive the service is, the more accessible the service will be.

Email Personalization and Ready-Made Templates

Each user has different requirements. Therefore, email marketing services should offer freedom to design one’s own email template to better reflect the brand and its characteristics. For general users, ready-made templates will also be useful as they can spend less time on designing and more time focusing on key contents and messages instead. It should be noted that the personalization function works well with friendly user experience and interface designs.

Data Analysis and Analytics Tools

Undeniably, the instrument for analyzing data is essential to every marketer, so is the email marketing system. This is because it provides data insights, for example, past open and click-through rates, time zone, domain name, email client, internet service providers, etc. Such useful information can be employed to create, or change the marketing strategy to reach prospective customers as well as to maintain relationships with current clients.


A/B Testing

Known as split testing, A/B testing is the comparison between two variations (A and B) of marketing emails (or an application, web page, etc.). The result of the test indicates the better version of a product or service. It is, therefore, a practical tool for market validation - the process of measuring how viable the product or service is. In other words, A/B testing delivers data concerning the version with most engagement and later on helps users with optimizing their strategy.

Email Automation

Another must-have feature for every email marketing system is email automation, also known as automated/triggered email. It is an automatic delivery of email based on a user’s specific actions implemented on a webpage. With this function added on, the user can be able to send real-time, direct messages to the audience. The automated email has been expansively used to increase customer engagement and loyalty.

Marketing emails have been indispensable for commercial campaigns and will continue to be as such. With the system’s growing number of users comes growing competition. But if the email marketing service provider could provide all of these components, rest assured that such competition will no longer be of any concern.

30/05/2022

Have you ever felt lost as an entrepreneur?

It’s most likely due to the common risks associated with the pursuit of long term business ownership. Since failure rates for individual businesses are very high, any hopes and aspirations of a career in entrepreneurship quickly dwindle away for most entrepreneurs.

Unfortunately, this reality has led to a stunted growth in the area of entrepreneurship education. Many other professions including medicine, accounting, physics, software development and politics have clearly defined, sequenced paths of study and work.

Why doesn’t our society have the same for entrepreneurship? There are universally applicable strategies, tools and systems that touch every entrepreneurial activity regardless of product, service or industry. And even with all of that, a definitive career planning resource still does not exist.

E5 Framework, a scientifically sustainable roadmap to self-employment is meant to change that. Rooted in traditional economic principles, the framework is meant to help entrepreneurial people identify where they are in the ecosystem, where they want to go and what business vehicle is best for their journey.

As an economically inspired tool, it is universal and can provide significant value to entrepreneurial people of all stages from the unemployment stage to veteran entrepreneurs.

More specifically, E5 is broken into six stages each divided by one universal concept - risk taking.

The stages in order are:

(0) unemployment

(1) employed advocacy

(2) entrepreneurial exploration

(3) self-employment

(4) entrepreneurship

(5) career entrepreneurship.

By using the framework, an entrepreneurial person (active or commencing) can get key insights across 5 areas of their career.

These areas include: the entrepreneurial ecosystem, peer relationships, current career location, future career destination and business venture selection.

If you're feeling a bit lost during your career as an entrepreneur, e5 could be a great tool, to restore your confidence and get you back on track.

To learn more, please visit: www.e5framework.org.

14/07/2020

E5 Framework Stage 0 - Unemployment

Defined as...

An economic member whose contributions are purely consumption based.

Question.

What comes to mind when you hear or see the word "Unemployed"?

There's probably a high chance your first thought won't be positive.

People oftentimes associate negative financial status, lack of opportunity and other potentially discouraging thoughts and ideas with this word.

What's interesting is that by definition, being unemployed simply means to be without a job.

There are many people in economies around the world without jobs that are doing just fine and in many cases, they're transitioning into the world of entrepreneurship.

In the e5 framework, we mention this stage because it's the gateway to how many of the world's businesses get started.

Think about it.

If an individual desires to earn income but a job isn't readily available, they will almost always be forced into entrepreneurship, at a minimum through self-employment.

These decisions affect entire economies because as each person leaves the traditional job market, overall employee competition declines by 1 person.

Consequently, as each person enters self-employment, competition for resources like market attention, commercial relationships and venture debt or capital increase by that same amount, maybe more.

While this stage of the economy gets overlooked, we see it as being incredibly important to the entrepreneurial ecosystem.

In our next post, we'll explore what we consider to be Stage 1.