Victor W. Hwang’s Post

We are thrilled to announce that Missouri Governor Mike Parson has signed the Right to Start Act (SB 894 & 825) into law. Set to take effect on August 28, 2024, this landmark legislation aims to significantly boost entrepreneurship within the state. 💡 Entrepreneurs create the majority of new jobs in America, and 94% of voters across party lines agree that “it is important to America’s future that citizens have a fair opportunity to start and grow their own business." In addition, research in the United States shows that for every 1% increase in the entrepreneurship rate, the poverty rate decreases by 2%. The Right to Start Act passed in the Missouri House and Senate with overwhelming bipartisan support by votes of 117-7 in the House and 31-1 in the Senate. 🔥 Key Features of the Right to Start Act: ✅ Creation of an Office of Entrepreneurship within the Department of Economic Development. ✅ Focus on supporting Missouri-based businesses with fewer than 10 employees. ✅ Annual reports and recommendations by the Commissioner of Administration to improve access and resources for young businesses, including those owned by racial minorities, women, and veterans. The first-ever Right to Start Act was introduced in Missouri by State Representative Travis Fitzwater, now a State Senator. That initial bill passed the Missouri House of Representatives with overwhelming bipartisan support, but there was not enough time in that session for it to progress in the Senate. With State Senator Travis Fitzwater’s continued leadership on entrepreneurship policy, the Right to Start Act has now become law. The Missouri Right to Start Act is part of the growing national bipartisan momentum to enact policy recommendations advanced by Right to Start. Missouri is the second state (in addition to Nevada) to sign into law the Right to Start Act and an Office of Entrepreneurship. New Mexico, Kansas, and Michigan have also taken actions to support entrepreneurs in their states, inspired by Right to Start's policy recommendations. Read more here: https://lnkd.in/e89xXniD #LetUsStart #BuildYourDreams #Entrepreneurship #entrepreneur #Missouri

Entrepreneurship is on the rise in America! 📈 A record-breaking 5.5 million new business applications were filed last year alone. Start and grow your business this year with help from SBA resource partners near you: https://lnkd.in/daGxYnS #NatlEshipWeek

*Private Office* We recently received a reply from a client of Private Office who was initially skeptical about joining. We had messaged them, saying, "Chuffed for you, ******, it proves it works." Their reply was: "Thank you, Kenneth. It definitely works, and as I mentioned on the phone, it gives me confidence when dealing with the car industry knowing that you are in the background informing me. I really appreciate your help." For some context, this individual is an exceptionally well-respected entrepreneur with many successful businesses across the UK. They are new to me and the business and came to us via hashtag #LinkedIn. We have saved them £28,000 on the initial purchase, restructured their buying process, eliminated their risk, and provided them with the capital to invest, gaining passive revenue and growth on the funds they would normally tie up in a depreciating asset. We cannot express enough what it means to have like-minded individuals join Private Office, especially those who are new to me and the business. We are deeply grateful to all who join and put their faith in what we do. Thank You......... https://lnkd.in/eN59zRKX #Entrepreneur #BusinessSuccess #ClientSuccess #PrivateOffice #Networking #LinkedInConnections #BusinessGrowth #Entrepreneurship #BusinessCommunity #ConfidenceInBusiness #ClientAppreciation #SuccessStory #BusinessSupport #UKBusiness #ProfessionalNetwork #CostSavings #PassiveIncome #InvestmentOpportunity #AssetManagement #RiskManagement

💡 "I knew that for most entrepreneurs, one of the strongest incentives to start a successful business is the search for freedom – freedom to be able to indulge their creative talents, freedom to win back control over their lives and freedom to get to choose how they spend their time. I also knew from experience that poor financial foundations, lack of control over one’s business, or simply running out of cash were all sure-fire ways to turn the entrepreneurial dream into an horrendous nightmare. So my vision was to find CFOs like me, skilled people who had ‘been there and done it’ with large and mid-tier businesses, who could support entrepreneurs to avoid the lurking perils of poor financial management." Colin Mills, Founder, The CFO Centre UK. 👉 Find out if your business could benefit from the help of one of our experienced, high calibre CFOs https://lnkd.in/eEAtaGRX #thecfocentre #fractionalcfo #financialhelp #entrepreneur #cfo

An entrepreneurial mindset is about strategic thinking. Employees have the mindset of thinking of today and not about the long-term impact. Changing the mindset to an entrepreneurial one is about making the best decisions for the company. It is about working smartly, not overly. Be your own boss! Don’t settle for less! https://lnkd.in/gRxWXXeW #growth #beyourownboss #workanywhere #enterprenuer #mindsetofgreatness

Impossible is nothing: Entrepreneurship in Cuba and small firms’ business performance “Impossible is just a big word thrown around by small men who find it easier to live in the world they've been given than to explore the power they have to change it” (Muhammad Ali). I am grateful to my co-authors and really pleased to share our recent article published in Journal of Small Business Management. The authors are; Sylvie Chetty, Uppsala University/University of Gothenburg/University of Eastern Finland. Oscar Martín Martín, Public University of Navarre/Uppsala University and I, Julio Cerviño, University Carlos III of Madrid, Spain. Here is the link for the open access full article in Journal of Small Business Management. https://lnkd.in/gpvYW66Z Abstract While entrepreneurs play a crucial role in shaping the business environment in transitional economies, there is a lack of studies in such contexts. Cuba represents an idiosyncratic collectivist economy which is gradually transforming into a socialist market economy, and there is a dearth of literature on entrepreneurship in Cuba. Understanding business performance drivers and challenges faced by small firms in this context may have important theoretical and practical implications. We explore the determinants of small firms’ business performance in Cuba. We combine a capabilities and institutional perspective on entrepreneurship to explain small firms’ business performance in this turbulent transitional market. Specifically, we suggest that managerial capabilities, supply-chain problems, and institutional factors explain small firms’ business performance. We contribute to both the small firm and entrepreneurship literature by contextualizing capabilities and institutional perspectives to identify the critical role played by managerial capabilities and supply-chain problems in economies where supply is constrained. hashtag #entrepreneurship hashtag #InternationalEntrepreneurship hashtag #InstitutionalTheory hashtag #capabilities hashtag #ManagerialCapabilities hashtag #Cuba hashtag #SmallFirmsBusinessPerformance hashtag #TransitionalEconomies hashtag #SupplyChainProblems

Call for all Dutch Ventures with a taste for U.S. expansion! We would like to inform you about a new research initiative of one of our trusted partners TABS Inc., The U.S. Expansion Report. They are in need your #insights & #experiences. Therefore, if you're a Dutch company and an active in the US, have tried it in the past, or even just have your eyes set on the U.S. market, your voice is appreciated.   Take the TABS quick survey now and let your experiences pave the way for others: 🔗 Survey Link: https://lnkd.in/etRtpwpu   By participating, new up-to-date insights and key takeaways on U.S. #expansion can be gathered, helping other entrepreneurs unlock success in the U.S. #market.   𝘠𝘰𝘶𝘳 𝘪𝘯𝘱𝘶𝘵 𝘮𝘢𝘵𝘵𝘦𝘳𝘴! 𝘓𝘦𝘵's pay it forward to the next generation of entrepreneurs!

Unlock the Power of Your Mindset for Financial Success as a Service-Based Entrepreneur! As service-based entrepreneurs, we often focus on the practical strategies and tactics to grow our businesses, but we often overlook one crucial element: our mindset! Research has shown that mindset plays a significant role in our ability to achieve financial success. It's not just about having the right skills and knowledge; it's about having the right mindset to attract opportunities and overcome obstacles. So, let's dive into the key mindset shifts that can supercharge your financial success as a service-based entrepreneur: 1️⃣ Abundance Mindset: Embrace the belief that there are unlimited opportunities for growth and wealth. Replace scarcity thinking with a mindset of abundance, and watch how it attracts more clients, more revenue, and more time and money freedom! 2️⃣ Growth Mindset: Embrace challenges and see them as opportunities for growth and learning. Develop a mindset that is open to new ideas, willing to take risks, and always seeking improvement. This mindset will propel you forward and help you adapt to the ever-changing business landscape and challenges! 3️⃣ Success Mindset: Visualize your success and believe that you deserve it! Cultivate a positive mindset that focuses on your strengths, celebrates your achievements, and keeps you motivated even during tough times. Remember, success and happiness starts from within! By working on and nurturing these mindset shifts, you'll not only attract financial success, but you'll also cultivate a thriving business and a fulfilling entrepreneurial journey! Share in the comments below which mindset shift resonates with you the most, and which one you’ll start working on today! Check out our Biz Accelerator Community to meet, share and support like-minded service providers https://lnkd.in/gG-3Gy3D #Mindset #MindsetShift #BusinessSuccess #BizAcceleratorCoach

New paper with Laura Padilla PhD Universidad Loyola Andalucía & Diego Gómez Baya Universidad de Huelva on the psychological well-being and health of European entrepreneurs! Departamento de Economía y Administración de Empresas Universidad de Málaga 👇🏼 https://lnkd.in/dtzSYzJN We examine an integrative model associating entrepreneurial motivation and job satisfaction with basic psychological needs satisfaction and the psychological well-being and health problems of European entrepreneurs. 👉Our results indicate that opportunity entrepreneurship benefits not only entrepreneurs’ psychological well-being but also their health through its positive relationship with job satisfaction. 💡The findings warn policymakers about the importance of generating spaces fostering opportunity entrepreneurship, such as incubators, institutions supporting start-ups, and business accelerators. #entrepreneurs #wellbeing #opportunity #health

Online Profit Secrets 2.0 is underway!!! Those that joined from my invites - welcome. You have undoubtably taken smart action - Your first step for great success in digital marketing. https://lnkd.in/emrDdiMF #workfromanywhere #hustler #success #entrepreneurship #winningmindset #sidehustle #sidehustlesuccess #sidehustleideas #workfromhome #digitalmarketing #affiliatemarketing