Is It Time to Stop Selling a Product? Here Are 3 Key Questions You Need to Ask to Unlock Longterm Profitability

Is It Time to Stop Selling a Product? Here Are 3 Key Questions You Need to Ask to Unlock Longterm Profitability

Opinions expressed by Entrepreneur contributors are their own. In any business’s journey, leaders must make tough calls about what products to keep offering and which to discontinue in order to facilitate long-term profitability and growth. When Steve Jobs returned to Apple as CEO in 1997, he found a company that was bloated and underperforming. He … Read more

They Grew a Business From Their Garage to 8-Figure Revenue

They Grew a Business From Their Garage to 8-Figure Revenue

Irene Chen and Matthew Grenby, co-founders of functional luxury handbag and accessories brand Parker Thatch, are no strangers to well-timed pivots — having used them to build a business that’s been profitable since day one and will hit eight figures in revenue this year. Image Credit: Courtesy of Parker Thatch Drawing inspiration from Chen’s background … Read more

3 Steps to Take to Successfully Pivot Your Company and Skyrocket Revenue

3 Steps to Take to Successfully Pivot Your Company and Skyrocket Revenue

Opinions expressed by Entrepreneur contributors are their own. When I decided to build a business from scratch, I knew it would demand not just the introduction of technology but also an iron will to address the persistent inefficiencies within the sector. The outdated and fragmented practices in the pharmacy industry were a source of my … Read more

Lessons Learned From a Failed Company — Her Brand Now Makes $25 Million a Year

Lessons Learned From a Failed Company — Her Brand Now Makes  Million a Year

When Shizu Okusa decided to start a new business, she knew where to find the best guidance. “I wanted to reverse engineer everything I did wrong in my last company,” she says. Raised on a farm in Vancouver by Japanese immigrants, she’d founded a cold-pressed juice brand called JRINK after feeling burned out at Goldman … Read more

3 Strategies to Make Sure Your Startup Can Survive Anything

3 Strategies to Make Sure Your Startup Can Survive Anything

Opinions expressed by Entrepreneur contributors are their own. After a few years of economic uncertainty, 2024 is shaping up to be a promising time for startups to get off the ground. While software may see a particular resurgence due to anticipated market growth, every industry has opportunities for fresh concepts and innovative companies. That’s beneficial … Read more