#AskPeshev 180: What does entrepreneurship mean to you?

#AskPeshev 180: What does entrepreneurship mean to you?

February 15, 2023

Here's the harsh reality: Entrepreneurship is not for everyone.But, it can be for you.Some entrepreneurs lack direction and foresight. Some simply give up too soon.What you can do as a beginner or serial entrepreneur is to avoid specific traits and actions that can keep you from being a successful entrepreneur, especially during these times. I discussed it in my latest blog post (Link below).Check out some of the best resources on business and strategy I stumbled upon in the meantime.And if you want to accelerate your career and professional development - my membership program is ready for you.Mario My Take 20 Traits of Failing Entrepreneurs You Should AvoidWorking regularly from coffee shops or partner community spaces has given me an opportunity to meet solopreneurs and beginner entrepreneurs who dream of making it big. I have also met hundreds of all kinds of entrepreneurs as well as worked with and trained many of them. Noticeably, there is a growing appreciation for entrepreneurship. According to FreshBooks, 96% of self-employed people have no interest in returning to a ‘regular job.’ Read more…

 Business Strategy 

  • DOW: 33,929 (-0.47%)

  • NASDAQ: 11,924 (-0.21%)

  • S&P: 4,120 (-0.38%)

*Economy numbers as of February 15th*

Companies are just starting to understand the strategic importance of the proper utilization of Data. And some of them still need help incorporating data into their business strategy. Despite several successful examples illustrating the substantial value that data can offer, companies often need help linking their data initiatives to the demands of the business.Read more… Management 

  • PaaS Revenue by 2026: $164.3 billion

  • Cloud-based Enterprise Infrastructure: 67%

* Statistics taken from Techjury's Cloud Computer Statistics for 2023*CIO: Key Pillars to Future-Proofing Your Cloud Management StrategyThe onset of the COVID-19 pandemic led many organizations to further adopt public clouds, and geopolitical conflicts have demonstrated the importance and need for sovereign clouds. Today, many organizations are already embracing or are moving to multi-cloud environments, but this multi-cloud reality does not come without its challenges.Read more… Recruitment 

  • Laid off Tech Employees in 2023: 104,557

  • Companies with tech layoffs in 2023: 356

*  Statistic taken from layoffs.fyi as of February 15th  *Spiceworks: Labor Hoarding: 70% of Companies Fear Laying off People Due To Expected RecessionThe business world has seen various workforce-related trends over the last three years. Another trend it faces during these times of economic uncertainty is labor hoarding. Skynova recently conducted a study to understand why companies are labor hoarding, their retention strategies, and the skills they prefer in these times.Read more…

 Breaking News 🚨

  • Nicola Sturgeon, Scotland’s First Minister and the figurehead of the faltering Scottish independence movement, is set to resign, according to UK media

  • Prosecutors investigating Trump's handling of classified documents tell court there's evidence of a crime and seek more answers from his attorney

  • The three students killed in Monday night's shooting at Michigan State University have been identified, authorities say.

 Marketing 

  • TikTok downloads: 3 Billion

  • Average TikTok user opens the app 19 times per day

  • Ages 20-29: 22.4% of users

*Statistics taken from Social Shepherd TikTok Statistics*

Social media has helped small and large businesses engage with their audiences, reach out to a great prospect range, and market offerings cost-effectively. With social media inclusion, businesses can now market their products uniquely, using efficient and cost-effective methods.

 Sales 

  • Annual Corporate Profits: +22.6%

  • US Trade in Services Deficit: +10.5%

* Statistics taken from The US Bureau of Economic Statistics *

With 2022 in the rearview mirror, now is a perfect time to step back and assess what it taught us about the state of B2B sales. Virtual selling to digital-centric customers continued to gain momentum; linear sales models are becoming obsolete; and evolving buyer preferences, such as the desire for more rep-free experiences and self-guided purchasing, are rendering traditional enablement tactics ineffective. Above all, creating alignment across sales, marketing and customer success departments is now nonnegotiable for exceeding quotas and meeting business objectives.

 Featured Story of the Week 

It's human beings we're talking about. Yes, it's overhiring. Media pressure. Investors pushing to grow faster in 2022. But the end result is hundreds of thousands of directly unemployed - before we account for significant others and families losing income, cutting expenses for small businesses and local mom-and-pop shops, and everything else down the line. 😰 For everyone recently affected by layoffs, do this...