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Competitive Edge
Creating your Unique Value Proposition to gain your Competitive Edge.
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The Psychological Price of Entrepreneurship

No one said building a company was easy. But it's time to be honest about how brutal it really is--and the price so many founders secretly pay.

By all counts and measures, Bradley Smith is an unequivocal business success. He's CEO of Rescue One Financial, an Irvine, California-based financial services company that had sales of nearly $32 million last year. Smith's company has grown some 1,400 percent in the last three years, landing it at No. 310 on this year's Inc. 500. So you might never guess that just five years ago, Smith was on the brink of financial ruin--and mental collapse.

Back in 2008, Smith was working long hours counseling nervous clients about getting out of debt. But his calm demeanor masked a secret: He shared their fears. Like them, Smith was sinking deeper and deeper into debt. He had driven himself far into the red starting--of all things--a debt-settlement company. "I was hearing how depressed and strung out my clients were, but in the back of my mind I was thinking to myself, I've got twice as much debt as you do," Smith recalls.

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Via Justin Jones
Marc Kneepkens's insight:

We usually only see the success stories. No one gets there without a struggle. Entrepreneurship is definitely not the easy path. The rewards may be big, but what is the price you pay? And still... would you rather be an employee for the rest of your life?

Excellent article. Must read for any entrepreneur.

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25 Entrepreneurs Reveal What They Wish They'd Known Before Their First Startup

25 Entrepreneurs Reveal What They Wish They'd Known Before Their First Startup | Competitive Edge | Scoop.it

Think you have what it takes?

Founding a company isn't for the faint of heart.

Every entrepreneur — no matter the size of their company — faces tough decisions and seemingly insurmountable struggles at some point in the process of getting their idea off the ground.

Think you have what it takes?

Rejoiner's Joseph Putnam teamed up with Grasshopper to ask more than two dozen founders for the advice and wisdom they wish they'd had before starting their first company. He gave us permission to share those insights. 

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Via marcduke
Marc Kneepkens's insight:

The entrepreneurial life is different and can be hard at times. Here are a few good examples of those who are doing it.

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