Innovators don't ignore risk; they are just better able to analyze it in uncertain situations.
Less than 1% of all venture capital funding in the US is given to Black entrepreneurs. Now is the time for that to change.
- Abner Mason, CEO and founder of health care startup ConsejoSano, is calling for all venture capital firms in the United States to pledge to invest 13% of their funds in African American businesses.
- Currently, Black entrepreneurs receive less than 1% of all venture capital funding.
- The 13% target reflects the percentage of Black Americans and is a nod to the 13th Amendment.
Big Think co-founder and CEO Victoria Brown breaks down the process of transitioning from founder to boss in her new book, Digital Goddess.
- In her forthcoming book, Digital Goddess: The Unfiltered Lessons of a Female Entrepreneur, Big Think's founder and CEO, Victoria Montgomery Brown, discusses the challenges of transitioning from founder to boss.
- Part of the problem is that women may think they need to act like men in order to be successful.
- Brown offers four pieces of solid advice to not only survive but thrive on the way to becoming a CEO.
Credit: Vicki Jauron, Babylon and Beyond Photography / Getty Images<h3>Nurture your business</h3><p>As Brown writes, women tend to be nurturers—a positive attribute for growing a business. In fact, female-led private tech startups have a <a href="https://www.forbes.com/sites/allysonkapin/2019/01/28/10-stats-that-build-the-case-for-investing-in-women-led-startups/#1daa8a3959d5" target="_blank" rel="noopener noreferrer dofollow">35 percent higher return on investment</a> than male-led companies. That fact could at least in part be due to a nurturing attitude.</p><p>Not that Brown always toed that line. She originally adopted a command and control attitude—the wrong approach. She thought it was what she was <em>supposed to do</em>. Modern businesses adopt a militarized language, one quite suited to the male competitive temperament. </p><p>Rising above competition doesn't require a slaughter. Some people are better at jiu jitsu than taekwondo; both have a place. Brown believes command and control might work in the short term, but she's not convinced it's a sustainable approach. </p><p style="margin-left: 20px;">"A business is not an army, and the concept of 'controlling' them will not get the best out of people." </p><p>In nurturing Big Think, Brown hired employees who shared the values of the company. As Simon Sinek recommends, she <a href="https://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action?language=en" target="_blank">started with why</a>, then found workers dedicated to that why. In the process, she found the best means for growing people's talent, not sticking them into a box and hoping they succeed.</p>
Video bonus: 8 Lessons I Learned the Hard Way So Other Entrepreneurs Don't Have To<a href="https://bit.ly/2B9sCDz" ><img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzU4MTU5OC9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYzODI5NTcwMX0.4j27ASQY7YJCbQvU6YP1rs2obh-Sl_qR2u6itbmSJpU/img.jpg?width=980" id="13ba9" class="rm-shortcode" data-rm-shortcode-id="9a12e19c3df8979516063f09b47fb2e2" data-rm-shortcode-name="rebelmouse-image" /></a><p>Get an exclusive online course with Big Think founder Victoria Montgomery Brown, only when you <a href="https://bit.ly/2B9sCDz" target="_blank" rel="dofollow">preorder the new book</a> <em>Digital Goddess: The Unfiltered Lessons of a Female Entrepreneur. </em><br></p>
Starting and running a business takes more than a good idea and the desire to not have a boss.
- Anyone can start a business and be an entrepreneur, but the reality is that most businesses will fail. Building something successful from the ground up takes hard work, passion, intelligence, and a network of people who are equally as smart and passionate as you are. It also requires the ability to accept and learn from your failures.
- In this video, entrepreneurs in various industries including 3D printing, fashion, hygiene, capital investments, aerospace, and biotechnology share what they've learned over the years about relationships, setting and attaining goals, growth, and what happens when things don't go according to plan.
- "People who start businesses for the exit, most of them will fail because there's just no true passion behind it," says Miki Agrawal, co-founder of THINX and TUSHY. A key point of Agrawal's advice is that if you can't see yourself in something for 10 years, you shouldn't do it.
This course collection can get you trained and ready for a six-figure career in this field.
- The Premium 2020 Project & Quality Management Certification Bundle explores the most popular project management methodologies.
- Coursework covers Agile, Agile Scrum, PMI-PMBOK and Six Sigma approaches.
- Valued at $2,699, the course package is on sale for just $45.99.