Best Jobs for Introverts With the Highest Pay: Report

Best Jobs for Introverts With the Highest Pay: Report


Introverted personalities at work can be misunderstood, when not wanting to speak up is deemed as uncaring or quietness seen as too aloof. The hiring process is also geared more towards extroverts, presenting a challenge to introverts before a candidate even gets the role.

Still, some experts consider the trait a superpower — and it is possible to find high-paying jobs for people who prefer to keep to themselves.

Online career platform Resume Genius used U.S. Bureau of Labor Statistics (BLS) data to formulate their “High-Paying Jobs for Introverts Report” released this week. The report names 10 high-paying roles perfect for introverts.

“Introverts can be more independent and usually possess highly sought-after soft skills like deep focus and creative problem-solving, which makes them especially suited to the jobs on our list,” said Nathan Soto, career expert at Resume Genius.

Related: No Meetings, Up to $30 Per Hour, Fully Remote: A College Student Training AI Says the Work Is ‘Perfect’ for Introverts.

The company analyzed jobs that match introverted traits and identified roles good for autonomy, social interaction, salary, and job opportunities. The jobs analyzed had to have a median annual salary of $48,060 and a minimum growth rate of 3%. Data from O*NET Online and Glassdoor was also used to create the report.

Eva Chan, career expert at Resume Genius said that their research shows that there are many high-paying jobs uniquely suited for introverts, notably in “computer programming and the sciences.”

“Introverts tend to have many highly sought-after strengths, including keen observation, deep analytical thinking, strong written communication, and the ability to approach problems with creativity,” Chan said. “Introverts excel in roles that require working independently and focusing deeply on complex problems.”

Here are the top 10, highest-paying roles for introverts, according to Resume Genius. Read the full report, here.

1. Radiologist

  • Median annual salary: $353,960

  • Number of jobs (2023): 31,960

  • Estimated job growth (2023–2033): 3%

  • Typical educational requirements: Doctor of Medicine degree, radiology residency program

2. Natural sciences manager

  • Median annual salary: $169,120

  • Number of jobs (2023): 96,520

  • Estimated job growth (2023–2033): 8%

  • Typical educational requirements: Bachelor’s degree in natural science or related field

3. Computer and information research scientist

  • Median annual salary: $157,160

  • Number of jobs (2023): 35,210

  • Estimated job growth (2023–2033): 26%

  • Typical educational requirements: Master’s degree in computer science or related field

4. Physicist and Astronomer

  • Median annual salary: $149,530

  • Number of jobs (2023): 23,500

  • Estimated job Growth (2023–2033): 7%

  • Typical educational requirements: Doctoral or professional degree

5. Computer hardware engineer

  • Median annual salary: $147,770

  • Number of jobs (2023): 82,660

  • Estimated job growth (2023–2033): 7%

  • Typical educational requirements: Bachelor’s degree

6. Software developer

  • Median annual salary: $138,110

  • Number of jobs (2023): 1,656,880

  • Estimated job growth (2023–2033): 17%

  • Typical educational requirements: Bachelor’s degree in computer and information technology or related field

7. Computer network architect

  • Median annual salary: $133,930

  • Number of jobs (2023): 174,100

  • Estimated job growth (2023–2033): 13%

  • Typical educational requirements: Bachelor’s degree in computer-related field

8. Actuary

  • Median annual salary: $132,500

  • Number of jobs (2023): 25,470

  • Estimated job growth (2023–2033): 22%

  • Typical educational requirements: Bachelor’s degree

9. Biochemist and Biophysicist

  • Median annual salary: $120,310

  • Number of jobs (2023): 33,180

  • Estimated job growth (2023–2033): 9%

  • Typical Educational Requirements: Doctoral or professional degree

10. Operations research analyst

  • Median annual salary: $95,600

  • Number of jobs (2023): 117,880

  • Estimated job growth (2023–2033): 23%

  • Typical educational requirements: Bachelor’s degree



Source link

Best Jobs for Introverts With the Highest Pay: Report Read More »

Women Will Inherit Most of the 4T Great Wealth Transfer

Women Will Inherit Most of the $124T Great Wealth Transfer


The great wealth transfer refers to the $124 trillion expected to shift from Baby Boomers and older generations to their heirs by 2048. That’s more than the total global GDP of $115 trillion for 2024.

And one key demographic stands to benefit the most from the massive wealth transfer: women.

A new report from the Bank of America Institute estimates that close to $100 trillion of the $124 trillion transfer will go to women, with $47 trillion shifting to women in younger generations as inherited wealth and $54 trillion going to surviving spouses, 95% of whom are expected to be women.

Related: ‘Nobody Ever Gave Me Anything’: More Boomers Say They’re Not Transferring Wealth to Family Until They’re Dead

“Women will soon control more money than ever before — and how they use this money is expected to have a profound impact,” the study reads.

An older 2020 study from consulting firm McKinsey found that, by 2030, American women are projected to control about two-thirds of all private wealth in the U.S., representing the biggest wealth transfer by gender in history.

According to Bank of America research estimates, there are 1.4 billion women in the world between 50 and 70 years old, with the total expected to grow 47% to 2.1 billion by 2050. Women in that age group have “more wealth, independence, and opportunity” than women from previous generations, the researchers note.

As a result of the great wealth transfer, Bank of America predicts increased demand and greater spending on services, products, and experiences tailored toward women. Internal data collected by the bank showed that women spent more on discretionary and necessity items than their male counterparts last year.

Women also represent 85% of solo travelers, with Bank of America research showing that tour operators, cruise lines, and travel advisors have reported growing demand from women. River cruise company Uniworld announced an all-female route for August 2025, joining other cruise lines like Aqua Expeditions and Celebrity Cruises in offering women-only options.

“The great wealth transfer is making women richer,” Bank of America researchers wrote.

For the full report, click here.

Related: 3 Ways to Prepare Yourself for the Great Wealth Transfer



Source link

Women Will Inherit Most of the $124T Great Wealth Transfer Read More »

8 New Health and Wellness Books That Entrepreneurs Should Read for Sustainable Success

8 New Health and Wellness Books That Entrepreneurs Should Read for Sustainable Success


Opinions expressed by Entrepreneur contributors are their own.

Success is not just about strategy — it’s about stamina! As an entrepreneur who works deeply in the health and wellness space, I’ve learned that taking care of my body, mind and energy are key pillars of sustainable success.

Over the years, I’ve read countless books that dive into these topics and have had a profound impact on my personal life and career. Whether it’s for optimizing energy, finding balance or building resilience, below are eight new books that entrepreneurs should pick up — written by experts I deeply respect and, in some cases, am lucky to call friends. Their insights have elevated my life and business, and they might do the same for you.

1. 5 Types of Wealth by Sahil Bloom

Sahil Bloom, an entrepreneur and investor, redefines wealth beyond finances, exploring five key areas — financial, social, emotional, physical and spiritual — and how to nurture each to live a fulfilling life. His perspective is practical and designed to help us focus on what truly matters for long-term success.

I love how this book challenges the traditional view of success and highlights the importance of balance. While most entrepreneurs chase financial wealth, Bloom reminds us that true success is holistic. Bloom’s insights are especially valuable for those looking to align their work with their personal values. I also subscribe to his newsletter — it’s packed with wisdom and actionable prompts.

Related: I Work Nearly 50+ Hours a Week and Rarely Feel Tired

2. Good Energy by Dr. Casey Means

Dr. Casey Means, a Stanford-trained physician and the co-founder of Levels, takes a deep dive into how blood sugar management impacts our energy, health and productivity. The book offers scientifically backed ways to optimize your metabolic health to feel better and work smarter.

Dr . Means also teaches you how to keep your blood sugar levels stable for sustained energy without the mid-afternoon crashes. (Only 12% of American adults are metabolically healthy.) A 2018 study in the journal Cell Metabolism found that managing blood sugar fluctuations could improve metabolic health and reduce chronic disease risk, highlighting why energy management is crucial for high-performing entrepreneurs.

Dr. Means helped me better understand how to support my metabolic health and know which biomarkers to keep my eyes on.

3. The Let Them Theory by Mel Robbins

Mel Robbins, a renowned speaker and author, explores how taking action and letting go of the need to control others’ opinions can unlock your fullest potential. She teaches us to own our decisions and to let go of the urge to manage how other people’s feelings, judgment or opinions can impact us.

Robbins’ ability to break down complex emotions into simple actions resonated with me, especially The 5-Second Rule, which helps prevent overthinking. While I don’t let others’ judgments affect me, this book reinforced my habit of taking immediate action on ideas instead of overanalyzing or trying to control outcomes.

Related: 8 Books Every Entrepreneur Should Read to Improve Their Health

4. The New Menopause by Mary Claire Haver, MD

Although Dr. Stacy Sims is my go-to for women’s health, hormone balance, exercise physiology and performance nutrition, I appreciate how straightforward, science-backed and clear Mary Claire Haver’s book is.

Menopause is inevitable, but Dr. Haver says that “suffering is not!” While I have not hit this stage in my life, I like to tell people that “Me-No-Pause” will be my tagline going forward, based on the knowledge and tools I’m empowering myself with. From Hormone Replacement Therapy to Nutrition, this best-selling author of The Galveston Diet, board-certified Obstetrics and Gynecology specialist and Certified Culinary Medicine Specialist is a leader in changing the conversations around Menopause healthcare. Dr. Haver aims to help women feel at their best — optimizing health, happiness and longevity.

5. Good Stress: The Health Benefits of Doing Hard Things by Jeff Krasno

Jeff Krasno, co-founder of Wanderlust and founder of Commune, has spent his career helping people reconnect with self-care and joy. Krasno draws on his personal experience of having chronic fatigue, brain fog, insomnia and being overweight.

When he was diagnosed with diabetes in 2020, he thought, “How Can That Be? I run a wellness company!” Co-authored with his wife, Schuyler Grant, Krasno distills insights from over 300 conversations with medical experts and thought leaders like Mark Hyman and Deepak Chopra. The book offers practical tools to build resilience, restore balance and extend healthspan — through time-restricted eating, cold and heat exposure, light therapy, meditation, and even eating “stressed plants.”

I found his approach to mindful leadership especially inspiring as an entrepreneur juggling multiple roles and daily challenges. Krasno’s words reinforced the power of cultivating good energy — in both work and life — to drive better outcomes.

Related: 5 AI Books Top Entrepreneurs Are Reading in a Rush for 2025

6. Born to Walk by Mark Sisson

Mark Sisson, a former elite endurance athlete and the founder of Primal Kitchen Foods (which was sold to Kraft Heinz for $200 million in late 2018), champions walking as a powerful tool for health, creativity and longevity. In his book, Sisson breaks down how this simple habit boosts metabolism, enhances focus and extends lifespan — making it a must-read for desk-bound entrepreneurs.

My clients and colleagues know that I regularly encourage walking calls, and I know firsthand how movement clears my mind. This book is a strong reminder that small, consistent actions can drive big wins for our health and productivity. Also, check out Mark’s latest venture, Peluva, a line of minimalist footwear that he co-founded with his son to help strengthen and realign the feet.

7. Meditation for Fidgety Skeptics by Dan Harris

Dan Harris, co-anchor of Nightline and founder of 10% Happier, wrote this book for those who think they can’t meditate. His beginner-friendly guide makes mindfulness accessible, especially for those who struggle to sit still (like me!).

I met Dan at a conference last year and appreciated his practical insights on how to integrate mindfulness into daily life — even with a packed schedule. His insights reinforced that meditation doesn’t have to be perfect to be effective. The tips on quieting a busy mind are invaluable for staying grounded.

8. Eat Like a Legend by Dan Churchill

Celebrity chef and nutritionist Dan Churchill shares how to fuel your body like an athlete in this cookbook, emphasizing whole foods and simple, nutritious meals to keep you energized and focused. I have tried several of Dan’s recipes; they’re delicious and easy to prepare, providing the right nourishment to power through jam-packed days. As entrepreneurs aiming for peak performance, it’s crucial to recognize that our diet directly impacts energy, focus, and productivity. Churchill’s recipes, such as his One-Minute Miso Salmon, are designed for those who want to eat well and feel great without spending too much time in the kitchen. Churchill’s book also has a “Dinner in Fifteen or Fewer” chapter, which serves up easy and delicious meals. If you’re in New York City, Churchill is the chef and co-founder of Charley St, a fast-casual, healthy restaurant specializing in farm-to-table dishes.

Genuine entrepreneurial success does not come solely from hustle but rather from harmonizing the mind, body and spirit. These books provide actionable strategies to help you create a sustainable work-life balance to perform at your best. While we often focus on growth and results, it’s just as crucial to cultivate habits that nourish us from within. So, pick up one of these books or download it on Audible and start making small, sustainable changes that will charge your energy, productivity, and overall well-being. After all, the greatest investment you can make is in yourself.





Source link

8 New Health and Wellness Books That Entrepreneurs Should Read for Sustainable Success Read More »

This Approach to Leadership Is the Key to Lasting Success

This Approach to Leadership Is the Key to Lasting Success


Opinions expressed by Entrepreneur contributors are their own.

In today’s corporate landscape, strong leadership is more than developing strategy and driving results — it’s about leading a company or organization with intention, clarity and purpose.

Leaders who come from a place of heightened consciousness and self-awareness are better equipped to navigate uncertainty, inspire their employees and drive better business outcomes.

In a corporate setting, conscious leadership is a form of constant learning anchored by a growth mindset in which you believe you can always do better as a person and as a leader while staying grounded and humble.

Whole Foods CEO John Mackey describes a conscious leader as “one who is primarily driven by service to the purpose of the business, and not by the pursuit of power or personal enrichment. They have a passion for making a positive impact on the world through their organization and use that passion to motivate and engage colleagues.”

When leaders adopt a consciousness mindset, they become better communicators, respond more thoughtfully to challenges and cultivate organizations where employees feel valued and motivated. Conscious leadership also enhances problem-solving by replacing reactive decision-making with measured foresight and wisdom.

Our friend, Microsoft CEO Satya Nadella, is another successful proponent of conscious leadership, having created a company-wide culture anchored in consciousness and purpose.

He emphasizes empathy and cultural transformation within the organization, fostering a growth mindset and a sense of inclusivity. “You can’t just go to work and hit the empathy button every morning: ‘Now I’m going to be empathetic,'” says Nadella. “Your entire life has to involve constantly pushing yourself to develop a deeper sense of empathy with those around you, recognizing that that journey never ends.”

Nadella’s success runs counter to longstanding tropes that business leaders must be ruthless and data-driven with ice running through their veins. He is living proof that conscious leadership is the way of the future. Under Nadella’s tenure as CEO, which began in 2014, Microsoft’s share price has grown 969%, which bested Apple’s performance (923%) in the same time period.

So, how can business leaders and entrepreneurs benefit from this shift in thinking?

Here are my keys for shifting to a mindset of consciousness.

Related: In A World That Needs More Conscious Leaders, Here’s How You Can Become One

Adopt a generational perspective

Rather than constantly looking ahead to the next quarter or even the next year, conscious leadership requires a vision of what you want to achieve for yourself and your enterprise over the long term. It’s about looking at decisions with an understanding that our time here is finite, but the legacy we leave for our successors and future generations helps to define who we are in the present day.

True leaders make decisions with an awareness of how their actions will impact long-term success, with a focus on fostering a resilient company culture that creates lasting value for employees, customers and the broader community. Short-term wins and incremental profit gains can be fleeting. Enduring success comes from ensuring alignment with the greater purpose of your organization.

Lead with love and purpose

I’ve been fortunate to have been mentored over the years by His Holiness the Dalai Lama, who has instilled in me that successful leadership, whether in business or in day-to-day life — is deeply connected to a sense of purpose and love. That applies to making sure you are doing what you love in life but also cultivating a sense of love for the people you work with and connect with every day.

Some might shudder at the concept of “love” being applied in a workplace concept, but being able to harness one of life’s most powerful forces can lead to incredible outcomes for your team as individuals and your business as a whole. Compassion for your team and for yourself is essential to fostering a supportive, values-driven workplace culture.

Related: 5 Ways to Power Your Life and Business Through Consciousness Leadership

Look inward

Conscious leadership isn’t just about external success — it’s also about sustaining personal development. Investing in yourself physically, mentally and emotionally ensures that you have the energy and resilience to lead effectively.

That’s why I make time every morning for a minimum of 30 minutes of meditation and internal reflection. This daily practice helps me stay grounded and assess whether I’m going into each day with my mind aligned to fulfilling my purpose. If I’m weighing an important decision and the path I’m considering is not aligned with my values, it quickly becomes clear during these sessions, and I can pivot accordingly.

Focus on the important — not the urgent

I’m a big believer in Stephen Covey’s “First Things First” principle, which preaches prioritizing your time to focus on what is truly important, as opposed to addressing tasks or decisions that may seem to be the most “urgent.”

Critical to adopting that perspective is being able to consistently connect with your core purpose. Ask yourself: Why are you doing what you do? What drives you? This clarity allows you to prioritize effectively, ensuring that your leadership decisions align with the values and mission of your organization.

Live and communicate your values

Conscious leaders are clear about living their personal values and communicating them clearly and consistently to their teams and customers alike.

It’s important to first ensure that your values are well-defined and can be easily articulated to others. Take the time to identify what end purpose you want to achieve and the values and principles that you need to live every day to meet that purpose.

Once your values are clearly defined, work with your team to ensure they understand them and can integrate them into your business’s operations, decision-making and overall culture. This doesn’t mean that your beliefs should be dictated to employees — it should be an open process where you can explain what’s behind your values and what you hope to achieve. Encourage them to share their own values and work to identify areas of alignment to facilitate buy-in to your overall vision.

Once established and communicated, it’s important to “walk the talk” and lead by example. Making even one key decision that doesn’t align with your values can quickly erode the trust of your employees, customers and stakeholders.

Related: How to Develop Self-Awareness and Become a More Conscious and Effective Leader

The successful leaders of today and tomorrow will be those who embrace consciousness to build sustainable, purpose-driven companies that attract top talent and create meaningful impact — all while still moving the bottom line forward.

As Satya Nadella and John Mackey demonstrate, conscious leadership is not a soft skill — it is a strategic advantage and one that may be the key differentiator in determining the most successful leaders of our era.



Source link

This Approach to Leadership Is the Key to Lasting Success Read More »

Entrepreneur Ranked Baya Bar the #1 Açai Bowl Franchise

Entrepreneur Ranked Baya Bar the #1 Açai Bowl Franchise


Are you ready to mix business with a passion for health and wellness? Baya Bar, the #1 Açai Bowl Franchise, offers a unique opportunity to own a thriving business in the booming health food industry.

Why Baya Bar Stands Out:

  • Proven Success: Ranked #1 Açai Bowl Franchise by Entrepreneur Magazine

  • Growing Market: Part of the fast-growing health food sector with a focus on organic and customizable bowls

  • Strong Brand Identity: Vibrant store designs and a commitment to promoting healthier lifestyle choices

Key Facts about becoming a Baya Bar franchisee:

  • Initial Investment: $160,990

  • Franchise Fee: $35,000 (with veteran incentives available)

  • Multiple Revenue Streams: In-store sales, online orders, and catering

Baya Bar is expanding rapidly across the U.S., with over 29 locations and more on the way. This is your chance to join a brand that is revolutionizing the fast-casual dining experience.

Two Ways to Get Started:

  1. Head over to Entrepreneur.com for FREE information and learn how you can become part of the Baya Bar family.
  2. Schedule a FREE consultation call and speak directly with an Entrepreneur Franchise Advisor who can answer all your questions and will take you through the process start to finish.



Source link

Entrepreneur Ranked Baya Bar the #1 Açai Bowl Franchise Read More »

MrBeast Makes More Money From His Side Hustle Than YouTube

MrBeast Makes More Money From His Side Hustle Than YouTube


MrBeast is YouTube’s most-followed creator with 372 million subscribers at the time of writing — but he actually makes more money from a side business.

The 26-year-old, whose real name is Jimmy Donaldson, owns the chocolate brand Feastables, which generated $251 million in sales and more than $20 million in profit last year, per documents sent to potential investors that were obtained by Bloomberg earlier this week.

Feastables was more profitable than Donaldson’s main media business, including his YouTube channel and his Amazon Prime reality show “Beast Games,” for the first time last year. With $246 million in sales, Donaldson’s media business had slightly lower numbers than Feastables and also ended up losing close to $80 million last year.

Related: MrBeast Says He Lost ‘Tens of Millions of Dollars’ on His Hit Amazon Reality TV Show ‘Beast Games’

The loss could be due to “Beast Games,” Donaldson’s Amazon Prime show, which aired the final episode of its first season last month. Although it became Amazon’s biggest unscripted show ever, with 50 million viewers in 25 days, it cost Donaldson tens of millions of dollars of his own money to create because he went over the $100 million budget.

Feastables sells prepackaged bars of chocolate in flavors like milk chocolate, peanut butter, and dark chocolate. The bars cost $35 for a king-size pack of ten. The brand differentiates itself with its commitment to ethical sourcing and a “better for you” simple ingredients list consisting of ingredients like organic cacao and grass-fed milk. The chocolate is sold at stores like Walmart, 7-Eleven, and Target in the U.S., Canada, Mexico, and other countries.

In 2025, Donaldson expects sales from Feastables to continue to surpass those from his YouTube channel and media business, per the investor documents, with $288 million from YouTube, $520 million from Feastables, and $105 million from other businesses, including his snack brand Lunchly and software firm Viewstats, which sells tools to creators to help them grow on YouTube.

Jimmy Donaldson. Photo by Alexi Rosenfeld/Getty Images

Donaldson launched Feastables in January 2022, raising $5 million in the same month for the company at a $50 million valuation. Feastables has been a steadily growing business since, with $33 million in sales in 2022 and $96 million in 2023. Donaldson’s company Beast Industries is now looking to raise a couple hundred million dollars to grow and move into new areas, like video games and wellness, the documents show.

The company saw its valuation leap from $1.5 billion to about $5 billion last year following a $300 million Series C investment round led by investment firm Alpha Wave, per Bloomberg. Sources told the outlet that Beast Industries has raised more than $450 million over the past four years to invest in its businesses.

Related: MrBeast’s Holding Company Could Be Worth $5 Billion After Its Latest Fundraising Round

Donaldson told CNBC earlier this year that he earns “a couple million” in ad revenue and another “couple million” in brand deals from each of his YouTube videos, which regularly rack up more than 100 million views.

He told the publication that he brings in $600 million to $700 million in revenue overall each year, but reinvests “everything to the point of —you could claim—stupidity, just believing that we would succeed.”



Source link

MrBeast Makes More Money From His Side Hustle Than YouTube Read More »

Make Presentations Pop With This Microsoft App, Now

Make Presentations Pop With This Microsoft App, Now $15


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Anyone who’s worked in an office and attended a meeting can attest — some individuals are better at presenting than others. If you want to give yourself an advantage in the presentation department, one tool can help — Microsoft Visio. A lifetime license for Windows can currently be yours for just $14.97 — $235 off the usual price.

As a busy entrepreneur, you likely need help getting your points across, whether presenting to current or potential clients or internally to colleagues. Microsoft’s go-to diagramming tool, Visio, can help. It offers dynamic ways to display your data so anyone can follow along and grasp your concepts quickly.

With dozens of premade templates, diagrams, and stencils, Microsoft Visio is the assistant that makes your ideas pop. Over 250,000 shapes are available in its online content ecosystem to jazz up your concepts, making data displays stand out.

Visio doesn’t require you to manually input all of your data — it can automatically generate it from Excel, Exchange, or other sources to help save you time.

Trying to visualize a solution? Brainstorming templates are available to help you lay problems out in front of you, with fishbone diagrams or SWOT analysis on hand to help you discover a million-dollar solution. There are also flowcharts to show off easy solutions to others.

Want to flex your creative muscles? You can create your own diagrams or annotate existing ones with your finger or pen if you have a touch-enabled device.

Bring home a Microsoft Visio Professional 2021 lifetime license for $235 off at just $14.97.

Note: This deal is only available to new users and requires a Microsoft 365 subscription or Microsoft SharePoint subscription to get started

StackSocial prices subject to change.



Source link

Make Presentations Pop With This Microsoft App, Now $15 Read More »

7 Things You Need to Know to Start and Scale a Company

7 Things You Need to Know to Start and Scale a Company


Opinions expressed by Entrepreneur contributors are their own.

I am an HR tech and fintech entrepreneur, and in 2015, I transformed the way employees access their pay. Through my first entrepreneurial venture, DailyPay, I invented and introduced earned wage access (EWA) to help millions of hourly workers access their earned pay when needed for an emergency or to pay a bill on time.

Today, there are hundreds of EWA providers worldwide, and the EWA market is projected to grow from $30.83B in 2025 to $242.46B by 2034. I led DailyPay as Chairman and CEO until 2022, when the company was valued at $2B.

I founded my second company, Salt Labs, in 2022 out of a deep desire to continue helping frontline workers achieve financial progress. Salt, a first-of-its-kind employee loyalty and rewards company, raised $18M in seed funding, and I sold the company to Chime Financial in July 2024.

After Chime acquired Salt Labs in 2024, I was named Chief of Chime Enterprise, a company dedicated to innovative, employee-centered financial wellness solutions. My mission to empower employee financial progress continues to reshape the workplace financial landscape.

Here are some valuable insights on founding, scaling and exiting a company (well, two companies, actually!) that I’ve learned along the way.

Related: 7 Ways to Scale a Startup Into a Billion-Dollar Business

On product

Do one thing really well. When you do one thing really well, you will have the opportunity to land and expand. Startups often die from indigestion, not from starvation. They do too many things not well enough, as opposed to doing one thing very well.

Always position your company for the next growth stage, whether that’s a capital event, an acquisition or something else. At Salt Labs, I was never looking to be acquired when we were, but it’s hard to say no to the ability to offer more great products to our customers from combined entities while providing returns to our investors and employees.

On boards

Traditional wisdom again says to keep the board small and only give your investors a seat. You want to add independents to the board as quickly as possible and pick your own independents to outweigh any investor collusion. Importantly, you don’t want the independents to be nominated by board members because that produces a quasi-investor-control mechanism. This is hard because when you’re busy building a company and dealing with all that comes with that, you may not have the capacity to think about finding a great independent board member. But you should.

Related: Finding the Right Board Members for Your Company is Crucial to Success. Here’s How to Do it.

On investors

Unless you’re lucky (unlucky?) enough to come from family money, investors are the lifeblood of your company, so it’s essential to pick the right ones.

While traditional wisdom tells us “less is more,” I disagree entirely. I think more is more. You may not believe that taking a $500k check from a small investor amounts to much, but you have no idea. In a startup, you have no idea where your help will come from and who’s connected to who. Investors in a startup are like your arms. They give you reach into the outside world, and as an early-stage founder, you always want more reach.

Some of my most significant business development leads and financing partners have come from my smallest investors. So, having a wide diversity is better because you never know where your help will come from.

On choosing an executive team

The timing around choosing an executive team depends on how quickly you are scaling. If you’re scaling at a moderate rate, take the time to recruit someone who can take you to the next level. It’s all a timing thing. If you take too long to recruit the right person, you might already be at the next level where that person is no longer the right fit. Sometimes, you just have to plug a hole rather than build a new ship.

If you have to get someone in a seat, hiring someone to fill a position is okay so long as you plan to transition them out when the time is right.

On growing staff

I enlist a specific skillset ranking hierarchy when hiring at various stages of growing a company.

In the beginning stage, it’s:

  1. Commitment
  2. Intellect
  3. Experience

In the middle stage, it’s:

  1. Intellect
  2. Commitment
  3. Experience

And in the third stage, it’s:

  1. Experience
  2. Commitment
  3. Intellect

While all three of these are very important, if I had to rank them at different company stages, this is how I do it.

Related: As Your Company Scales, These Are the 8 Keys to Hiring the Right Team Members

On exit timing

Regardless of the interest rate environment, I always believe that “Cash is King.” It’s hard to exit a private company for cash, but if you ever get that opportunity, you’ll never regret selling. This applies to your own private stock and the company, and I have done both.

On yourself

You should only do the things that only you can do. As a founder, there are things that only you can do, so do those and let others do what they can only do.



Source link

7 Things You Need to Know to Start and Scale a Company Read More »

How to Be the Best Boss, According to Shark Barbara Corcoran

How to Be the Best Boss, According to Shark Barbara Corcoran


It’s Shark Tank investor Barbara Corcoran’s birthday today.

To celebrate, the 76-year-old shared some pictures on Instagram and advice on how to be a good boss, stating in an Instagram video that, of all the top business leaders she’s ever met, she is the best boss of them all.

“I don’t mean to brag, but I am the best boss I’ve ever met, by far,” Corcoran said in the video, which was shared with her 1.1 million Instagram followers. “I don’t think anyone could be a better boss than me.”

Related: Barbara Corcoran Needed to Make Job Cuts. Here’s Why She Fired Her Mom First.

Corcoran explained that being a good boss meant taking action from “the very first day” on a simple grounding principle: You work for who is working for you. In other words, the boss works for the benefit of the employee.

Corcoran has more than half a century of experience managing employees. She founded and ran The Corcoran Group, a New York City-based real estate brokerage, for nearly 30 years. When she sold the company in 2001 for an estimated $70 million, its ranks had grown from seven agents in 1973 to a staff of about 700 brokers in 2001.

Corcoran now makes about $4.5 million a year from her investments, including profits from some of the more than 650 deals she’s made on “Shark Tank” while appearing as an original cast member for 16 seasons.

Corcoran says her perspective is always rooted in what she can do to help her employees.

“That’s my attitude my entire life,” Corcoran said in the Instagram video. “What can I do for you?”

Corcoran asks her employees what they want, where they would like to work, and how she can make their jobs easier. She then follows through by giving them what they ask for and taking action to help them advance in their careers.

Though Corcoran stated that she acts “selflessly” toward her employees, she also acknowledged that her actions help her get ahead as a boss. As her employees become stronger and move up the ranks in their careers, she gets to stay solidly connected to them and tap into that connection wherever they end up. That future bond grows stronger because of Corcoran’s interest from the start in serving the employee.

“I shower my people with anything they need selflessly,” Corcoran stated, adding that as employees advance in their careers, “they carry me for a free ride along with them.”

Related: ‘Do You Know What a First Class Ticket Costs?’ Why Barbara Corcoran Flies Coach





Source link

How to Be the Best Boss, According to Shark Barbara Corcoran Read More »