Jared Penning

The Essential Skills and Qualities for Entrepreneurial Success: A Comprehensive Guide

Starting and growing a business requires a unique blend of skills, qualities, and knowledge. It’s more than just having a good idea; it's about having the energy, confidence, courage, and intelligence to navigate the entrepreneurial journey. For an entrepreneur, success comes from mastering these essential skills and continuously developing them. Here’s how you can acquire the expertise needed to thrive in your business venture.1. Energy and Stamina: The Foundation of EntrepreneurshipEntrepreneurship demands high levels of energy and stamina. The journey is long and often filled with obstacles, requiring you to work long hours and maintain a steady pace.How to Build This Skill:Prioritize...
Jared Penning

Stats and Facts You Should Know About Starting a Business After Leaving Your Job

Starting a business after leaving a job is a significant life decision that comes with its share of challenges and rewards. Whether you’re pursuing a long-held passion or looking to take control of your professional future, understanding the key statistics and facts about this journey can help you make informed decisions. Here’s what you need to know if you’re considering making the leap from employee to entrepreneur.1. Rising Trend: More People Are Leaving Jobs to Start BusinessesThe trend of leaving a job to start a business has been on the rise, especially in recent years. According to the U.S. Census Bureau, over 4.4 million new business applications were filed in 2020, marking a 2...
Jared Penning

From 0 to 1, 30, and Beyond: The Entrepreneur’s Journey to Growth, Comfort, and Well-being

As an entrepreneur, the journey from 0 to 1 is often the most challenging step—a leap of faith that demands relentless passion and an unwavering belief in your vision. Growing from 1 to 30 is a testament to perseverance, strategic thinking, and hard work. However, as your business evolves from 30 to 100, the dynamics change entirely. Speed, comfort, staff support, a 24-hour schedule, and lifestyle choices become critical elements that not only ensure continued growth but also safeguard your well-being.The Need for Speed: Scaling with AgilityIn the competitive world of entrepreneurship, speed is not just an advantage—it’s a necessity. As your business grows, decisions need to be made qu...