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☆ 9 entrepreneurs who left corporate America share the biggest challenges of running a business — and what to expect before quitting to work for yourself
  + stars: | 2023-10-23 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +8 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Entrepreneurship can get overglamorized," said Tyler Wright, who left a sales job to build a personal finance brand and coaching business. "You have to manage yourself better and differently because you're working a job and you're trying to get something else off the ground, but you don't have to do it." Now, "I'm the CEO, I'm the CFO, I'm the head of content, I'm the head of accounting, I'm the head of everything," he continued. "When you're working for yourself, you're responsible for making the product, planning the product, marketing the product, maintaining your studio, training your assistant.
Persons: —, Tyler Wright, there's, Wright, Phil Thompson, Mike Gardon, Thompson, Ludomir Wanot, Katie Lauffenburger, Steph Gordon, Den Mathu, Den, Gordon, it's, Adah Fitzgerald, Lauffenburger, Katie McCarron, we've, I'm Organizations: Service, Entrepreneurship, Amazon, Evergreen Housing Network, Wonder, Portland Pet Food Company Locations: America, Toronto, Portland
☆ 8 entrepreneurs who left corporate America share the financial steps they took before quitting their jobs to work for themselves
  + stars: | 2023-10-10 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +7 min
Entrepreneurs who left the corporate world to start businesses told Insider how they made the leap. They shared the financial steps they took, such as paying down debt and building an emergency fund. Ludomir Wanot, who quit a six-figure job at Amazon to build a real-estate-wholesaling business, took stock of his personal finances as he was preparing to leave corporate America. Steph Gordon and Den Mathu, a couple in Toronto, also considered their personal finances before quitting their corporate jobs to create online content full-time. You want to allow yourself as long a runway as possible to survive as an entrepreneur because, inevitably, you're going to make mistakes (and maybe costly ones).
Persons: —, Phil Thompson, Ludomir Wanot, Ludomir, Wanot, Steph Gordon, Den Mathu, Gordon, Mathu, Mike Gardon, Katie McCarron, Maggie, McCarron, It's, Katie Lauffenburger, Thompson, Tyler Wright, she'd, Wright Organizations: Entrepreneurs, Service, Amazon, Evergreen Housing, Portland Pet Food, Academic, Wonder Locations: Toronto, Portland, America, Chicago
☆ Russia isolated as U.N. marks one year of Ukraine war
  + stars: | 2023-02-23 | by ( Michelle Nichols | ) www.reuters.com   time to read: +5 min
UNITED NATIONS, Feb 23 (Reuters) - The United Nations overwhelmingly isolated Russia on Thursday, marking one year since Moscow invaded Ukraine by calling for a "comprehensive, just and lasting peace" and again demanding Moscow withdraw its troops and stop fighting. Just a day after China's top diplomat visited Moscow and pledged a deeper partnership with Russia, Beijing abstained on the vote - the fourth time it has done so on such action since the Russia invaded Ukraine on Feb. 24 last year. Six countries joined Russia to vote no - Belarus, North Korea, Eritrea, Mali, Nicaragua and Syria. Ambassador Dmitry Polyanskiy dismised the action at the United Nations as "useless," posting on Twitter: "Will it bring peace? Western powers have provided Ukraine with billions of dollars in weapons since Russia invaded.
☆ The collapse of FTX has left many crypto investors without access to their cash. Meet one student who got $14,000 stuck on Sam Bankman-Fried's exchange.
  + stars: | 2022-12-20 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
In light of the hubbub surrounding FTX and Sam Bankman-Fried, this morning I'm thinking about a quote by novelist G. Michael Hopf:"Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times." And that's the sense I got from speaking to one 26-year-old investor who lost a sizable chunk of his portfolio in FTX. I just caught up with FTX user Daniil Pemberton, who lost access to roughly $14,000 in funds when the crypto exchange imploded last month. Now, FTX users like Pemberton have been left with a hole in their pockets and faltering faith in the digital asset sector. Do you have a story to share about losing access to funds in FTX, or on how you're changing your investment strategy?
☆ A couple in their 20s who turned a side hustle into a business that brings in up to $19,000 a month share the 3 strategies they used to increase their income
  + stars: | 2022-12-17 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +7 min
Entrepreneurs Steph Gordon and Den Mathu have managed to increase their income consistently. Start by with your current job: Can you negotiate a raise or land a higher salary with a different company? He and Gordon started their joint side hustle, which has evolved into a full-time business, in 2019. Mathu was working as a consultant at Deloitte, while Gordon was working in HR at PricewaterhouseCoopers. That way, they'll have more time and energy to spend on growing their company and revenue streams even more.
☆ A couple in their 20s quit their 'Big 4' accounting jobs and now earn up to $19,000 a month creating online content. They explain how they turned a side hustle into a lucrative business that is helpin
  + stars: | 2022-12-16 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +10 min
They quit their corporate jobs and now make up to $19,000 a month creating personal finance content. The Toronto-based couple worked their way up to saving and investing about 60% of their income, they told Insider. It's been about a year since Gordon and Mathu left the corporate world to go all-in on content creation. In 2022, the couple earned up to $26,000 CAD (about $19,000 USD) a month, according to documents viewed by Insider. They honed in on personal finance, covering topics like saving, investing, increasing your income, and paying down debt.
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