Tag Archive: Types of entrepreneurs

How Critical is Luck When it Comes to Small Business Success? 

March 1, 2022 8:00 am

Many entrepreneurs attribute the success of their businesses to hard work… and a little bit of luck. This month, in honor of St. Patrick’s Day, we ask: is luck the determining factor for a business’s success?  The consensus is no. Entrepreneurs who credit good luck for their success usually indicate that it is only a portion of what goes into business success – and far smaller than the majority. Most of them give luck credit amounting to 20% or less. When pressed, the common thread for what people consider “luck” is actually just good timing. Elon Musk revealed that Tesla[...]

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Self-Care For Entrepreneurs

February 1, 2022 8:00 am

February is typically a month that people start to think about how they’ll show others they care. We think that February should inspire you to show yourself some care as well! Entrepreneurs can seem super-human, but they are no exception when it comes to needing self-care. Small business owners report working twice as much as regular employees. The number of hours entrepreneurs work is not the only reason they might need to treat themselves every once in a while. If you need more convincing, here’s a list of more reasons entrepreneurs need self-care:  They are under immense stress, one source[...]

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West Virginia BusinessLink & 3 Steps to Startup Team up for West Virginia Business Success 

January 4, 2022 8:00 am

West Virginia BusinessLink and 3 Steps to Startup Team up for West Virginia Business Success   The business growth that West Virginia has experienced just in the past three years has been spectacular. Following 2018, each year has shown an almost 50% increase in business registrations in the Mountain State. Statistics show 4,345 new business formations from 2010 to 2020, and we expect that once the data is published, 2021 will evidence even more growth for West Virginia businesses. These numbers are nothing short of impressive, especially during nearly two years of business experiencing strain by a global pandemic affecting everything[...]

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2021 Was a Success – Let’s Do it Again in 2022! 

December 30, 2021 7:00 am

3 Steps Year in Review It was an eventful 2021 here at 3 Steps to Startup! What started as a year of hopefulness with some uncertainty has finished with even more optimism and an opportunity to reflect on West Virginia’s economic growth, including the formation of well over 12,000 new small businesses. At 3 Steps to Startup, we are proud to have played a part in furthering our state’s goals for economic growth.   Throughout 2021, new entrepreneurs and veteran small business owners connected with us for help with their businesses. We have assisted them with information gathering, commercialization of ideas,[...]

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How to Kickstart your Startup in 2022 

December 21, 2021 8:00 am

2021 is coming to a close and next year is your year! Do you have a business idea that you just haven’t followed through with yet? 3 Steps to Startup can help you turn your plans into action, and there’s no better time than right now to make it happen. Our Master Class Series is a good place to start if you’re exploring a business idea. Otherwise, here are four things you need to do to ensure your business idea can become a reality in 2022.  Formulate a Business Plan   Your startup needs a business plan. What exactly does that[...]

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Big Ideas from Small Towns: Rural Entrepreneurship 

September 7, 2021 8:00 am

It has historically been tough to get a business going in rural America. With current obstacles like the COVID-19 pandemic affecting ventures across the board, things have been even more difficult for startups in small towns. A statistic shared in early 2020 (pre-pandemic) showed that startups in rural communities make up only 12% of all startups (compared to 20% in the 1980s).    Rural entrepreneurship poses some obstacles that big city entrepreneurship doesn’t. Finding capital is a big issue for entrepreneurs everywhere, but startups struggle even more in small towns. Utility access problems like the lack of access to high-speed internet hinder ventures[...]

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Which Type of Entrepreneur are You?  

August 11, 2021 10:00 am

Many agree that there are recognizable “types” of entrepreneurs with specific motivations and specific characteristics. Knowing what entrepreneur type you are can help you fully understand and unlock your highest potential… and it can also help you avoid pitfalls associated with your entrepreneur type. Below, we’ll describe 4 major entrepreneur types so you can see which type matches you – and so you’ll be aware of weaknesses as you pursue your entrepreneurial dreams.     The Innovator   The Innovator is solution-driven. Innovators are typically enthusiastic and creative, offering innovative (hence the name) solutions for currently existing problems or even problems consumers don’t know[...]

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