Challenge Island Franchises Inspire Young Minds To Grow

Are you looking for a franchise opportunity that combines business success with meaningful impact? At Entrepreneur, we’re excited to introduce you to Challenge Island—a unique, award-winning franchise that brings STEAM (Science, Technology, Engineering, Art, and Math) adventures to children in communities across the country.

Benefits of owning a Challenge Island franchise:

  • High Demand: STEAM education is one of the fastest-growing sectors, with parents and schools seeking innovative enrichment programs.

  • Flexible Business Model: Operate your franchise from home with minimal overhead, and set your own schedule for maximum work-life balance.

  • Comprehensive Training & Support: Receive extensive onboarding, ongoing coaching, and access to a supportive franchisee community.

  • Make a Difference: Help shape the next generation of problem-solvers while building a profitable business in your community.

Ready to inspire young minds and own a business with purpose?

Are you looking for a franchise opportunity that combines business success with meaningful impact? At Entrepreneur, we’re excited to introduce you to Challenge Island—a unique, award-winning franchise that brings STEAM (Science, Technology, Engineering, Art, and Math) adventures to children in communities across the country.

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https://www.entrepreneur.com/franchises/challenge-island-franchises-inspire-young-minds-to-grow/491953




‘The Coolest Piece of Technology the World Has Ever Seen’: OpenAI Is Acquiring Former Apple Designer Jony Ive’s Startup for $6.4 Billion

OpenAI is buying io, an AI device startup founded by iPhone designer Jony Ive, in a $6.5 billion all-stock deal as OpenAI attempts to define the AI-powered devices market. OpenAI acquired a 23% stake in io last year and invested in the startup at that time.

The acquisition is the largest in OpenAI’s history and was announced on Wednesday, mere weeks after OpenAI agreed to buy AI-assisted coding tool Windsurf for about $3 billion. The deal is intended to spark a new generation of products for a future where AI technology attains or surpasses human intelligence.

As part of the acquisition, Ive and his team of about 55 engineers, designers, and researchers will join OpenAI in creative and design roles that allow them to shape AI devices for consumers. They will build hardware that helps people interact with ChatGPT more intuitively, without having to go on a web browser or an app on their phones.

Jony Ive. Photo by Lia Toby/BFC/Getty Images

OpenAI CEO Sam Altman and Ive have been collaborating for two years on a secretive project to move people beyond screens and into other types of AI-powered devices. The Wall Street Journal reports that the two have been considering AI headphones and other gadgets with cameras.

Related: Saying ‘Please’ and ‘Thank You’ to ChatGPT Costs OpenAI ‘Tens of Millions of Dollars’

In a release video on Wednesday announcing the deal, Altman called Ive “the deepest thinker of anyone I’ve ever met,” and Ive complimented Altman in turn, calling him “a visionary.”

“I think we have the opportunity here to completely reimagine what it means to use a computer,” Altman said in the video.

While both were quiet about the details of a family of new AI products, they teased that the products were groundbreaking and would arrive sometime next year. Altman went as far as to call one unnamed product he interacted with “the coolest piece of technology the world has ever seen.”

Related: These Are the Most (and Least) Biased AI Models, According to a New Study

Ive started working at Apple in 1992 and played a crucial role in designing the iPhone, iPad, iMac, and other Apple products. He left in 2019 to create his own design firm, LoveFrom, which has since landed deals with Airbnb and Ferrari.

Altman has explored AI devices before. In 2020, he invested in the startup Humane, which developed an Ai Pin that fell flat with consumers due to overheating issues and a lagging interface.

OpenAI reported last month that ChatGPT had 500 million global weekly users.

OpenAI is buying io, an AI device startup founded by iPhone designer Jony Ive, in a $6.5 billion all-stock deal as OpenAI attempts to define the AI-powered devices market. OpenAI acquired a 23% stake in io last year and invested in the startup at that time.

The acquisition is the largest in OpenAI’s history and was announced on Wednesday, mere weeks after OpenAI agreed to buy AI-assisted coding tool Windsurf for about $3 billion. The deal is intended to spark a new generation of products for a future where AI technology attains or surpasses human intelligence.

As part of the acquisition, Ive and his team of about 55 engineers, designers, and researchers will join OpenAI in creative and design roles that allow them to shape AI devices for consumers. They will build hardware that helps people interact with ChatGPT more intuitively, without having to go on a web browser or an app on their phones.

The rest of this article is locked.

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https://www.entrepreneur.com/business-news/openai-is-purchasing-apple-designer-jony-ives-ai-startup-io/492022




Don’t Let the Gig Economy Ruin Your Business — Here’s How to Beat the Chaos

Opinions expressed by Entrepreneur contributors are their own.

The gig economy was supposed to be the great equalizer. It promised freedom for workers and flexibility for companies. And for a time, it delivered. A surge in freelance platforms allowed startups and enterprises to tap into a global talent pool, scaling fast, saving money and moving with unprecedented agility.

But beneath that glossy surface lies a growing problem: When it comes to mission-critical work, especially in tech, the gig economy is starting to break. Projects are stalling, developers are ghosting, and teams are struggling to maintain momentum. For many founders and CTOs, the very model they once leaned on has become a source of operational risk.

So, what’s the alternative? Increasingly, companies are turning to staff augmentation, not just for talent, but for accountability. And when the partner takes responsibility for outcomes, not just resumes, the results speak for themselves.

Related: Why Startups Shouldn’t Rely Solely on Gig Marketplaces for Developers

The double-edged sword of the gig economy

Let’s be clear: The gig economy isn’t going anywhere. Nearly 60 million Americans performed freelance work in 2023, with similar trends across Latin America and Europe. Platforms like Upwork, Fiverr and Toptal have made it easy to find talent in hours. That kind of access is revolutionary.

But it comes with downsides:

  • Lack of commitment: Freelancers juggle multiple clients, and loyalty is thin. If a better-paying gig shows up mid-project, they may disappear without warning.

  • Poor integration: Gig workers often operate in isolation, disconnected from internal teams, tools and culture.

  • Inconsistent quality: Vetting can be superficial, and many clients spend more time managing than building.

  • Zero accountability: When things go wrong, you’re on your own. There’s no partner to step in and fix the issue.

These risks can be catastrophic for companies trying to build real products, meet investor deadlines or drive innovation at scale.

Staff augmentation: Flexibility with backbone

That’s where IT staff augmentation comes in. Unlike gig platforms, staff augmentation isn’t about short-term help — it’s about embedding vetted engineers into your team as if they were full-time employees. You get flexibility, yes, but also structure, accountability and performance. At their best, augmentation firms go beyond staffing. They take on delivery risk, help manage outcomes and build long-term partnerships, not one-off transactions.

This model is compelling when sourced through nearshore staff augmentation. With teams based in Latin America, companies gain real-time collaboration (thanks to overlapping time zones), cultural affinity and deep technical skill — all without the high costs or timezone misalignment of offshore outsourcing.

Related: What is Staff Augmentation? 3 Reasons It is Vital For Your Business

Real-world breakdown: Freelance chaos vs. augmented stability

Consider this: A U.S.-based fintech startup needed to build a payment gateway. They hired two freelance developers from a significant platform. Week one, everything seemed fine. By week three, one had ghosted. The other delivered buggy code with no documentation. The project slipped two months and cost them a major client pilot.

Contrast that with another firm that works with a nearshore software development partner. They onboarded a full-stack team in under 10 days, working within U.S. business hours. The partner assigned a delivery manager to ensure milestones were met, blockers were resolved and code quality was maintained. They launched their MVP on time and raised their next round.

The difference? One leaned on freelancers, while the other relied on a managed talent model with accountability built in.

Offshore isn’t dead — but it’s getting riskier

Some companies still opt for offshore staff augmentation, usually to cut costs. And while offshore teams can be effective with the proper management infrastructure, they come with well-known tradeoffs: time zone friction, communication challenges and geopolitical instability.

As global volatility increases and the demand for speed intensifies, many leaders choose to de-risk by shifting closer to home. Nearshoring — especially in Latin America — is growing because it offers the best of both worlds: cost efficiency and real-time collaboration.

Key benefits of the right augmentation partner

To be clear, not all staff augmentation firms are created equal. The real value emerges when your partner commits to the following:

  • End-to-end recruitment: Pre-vetted candidates, not just resumes.

  • Cultural fit: Engineers who align with your team’s work style and values.

  • Fast ramp-up: Onboarding in days, not months.

  • Delivery oversight: Managers who track outcomes, not just hours worked.

  • Seamless scaling: The ability to add or reduce resources as needed.

Top-tier providers of software development services now act more like extensions of your internal tech team — offering not only capacity, but continuity, quality and innovation.

Related: Why Entrepreneurs Are Looking Towards Latin America for Nearshoring Opportunities

We’re living in a post-gig world. That doesn’t mean freelancers are obsolete. However, for core product development, enterprise systems and scalable tech innovation, the future lies in blended, agile teams that deliver like in-house talent but scale like the cloud. Staff augmentation — especially when it’s outcome-focused and nearshore-enabled — represents the next evolution. If you’ve been burned by disappearing freelancers, ghosted projects or rising costs from inefficiencies, it may be time to rethink your talent strategy.

The right partner won’t just help you find engineers. They’ll help you deliver results.

The gig economy was supposed to be the great equalizer. It promised freedom for workers and flexibility for companies. And for a time, it delivered. A surge in freelance platforms allowed startups and enterprises to tap into a global talent pool, scaling fast, saving money and moving with unprecedented agility.

But beneath that glossy surface lies a growing problem: When it comes to mission-critical work, especially in tech, the gig economy is starting to break. Projects are stalling, developers are ghosting, and teams are struggling to maintain momentum. For many founders and CTOs, the very model they once leaned on has become a source of operational risk.

So, what’s the alternative? Increasingly, companies are turning to staff augmentation, not just for talent, but for accountability. And when the partner takes responsibility for outcomes, not just resumes, the results speak for themselves.

The rest of this article is locked.

Join Entrepreneur+ today for access.

https://www.entrepreneur.com/growing-a-business/how-the-gig-economy-is-failing-businesses/491554




You’re Overlooking This Hidden Workforce — And It’s Costing You

Opinions expressed by Entrepreneur contributors are their own.

What if I told you that there’s a huge pool of potential employees who have mastered multitasking, are remarkably resilient, emotionally intelligent and well-trained? And they rarely complain? Also, they are easy to find. Sounds like a dream, right?

Those people are moms. Moms are patient and hard-working. We, women, are expecting it from ourselves.

Women remain underrepresented in leadership (still less than 30% in C-suite roles in the US). Women are often sidelined not because of a lack of skill or ambition, but by systemic and internalized barriers.

The invisible weight

As a mom of two, for many years, I lived with the illusion that feminism had already won. They gave me, as a woman, all the rights to work and build my own career, right? I didn’t understand why it felt so hard.

I thought that I was the problem, and nobody else felt how I felt. I didn’t recognize how deeply internalized misogyny shaped my own perception of myself. How I self-censored that I was a startup founder, a strategist and a product builder. But I always wanted to have kids, and just as I began raising my neurodivergent daughter, I fully understood how invisible, unpaid labor reshapes your view of worth and self-worth.

In a recent piece I wrote for Entrepreneur, I described how building a support system for my daughter mirrored the structure of my startup: managing a team, setting milestones and adapting quickly to change. Yet no one sees a mother creating a schedule for her child caregivers as a founder. And that’s the problem. We don’t frame caregiving (even for neurotypical children) — deeply complex, managerial work — as leadership because we’ve been taught not to.

Related: On Momternships: Do Working Moms Really Need to Start From Scratch?

Internalized misogyny: The quiet enforcer

Patriarchy is not over, it’s simply gone underground — and women often enforce it themselves. Internalized misogyny tells us to downplay our success, to self-edit our voices, to view nurturing as separate from leadership, not a strength of it.

I was at a tech conference in Las Vegas, and noticed something weird. There was no line in front of the women’s restroom. Meanwhile, the men queued up. Usually, it’s the other way around. That small observation hit me hard. Women are still so few in my industry.

And let’s talk about expectations: women are expected to perform in their jobs, maintain the household, raise children and stay emotionally available. And on top of it all, keep manicured hands. The double burden is real, and it’s draining.

Why it’s a business issue, not just a social one

It’s not just unfair. It’s inefficient. Businesses lose when they ignore how gendered expectations exclude half the talent pool. Even in 2025, women are less likely to apply for leadership roles if job descriptions skew masculine. And when AI image generators are asked to create a “CEO,” the result is always a white, middle-aged man (try it!). That bias isn’t the machine’s fault. It reflects the data (and the bias) we’ve fed it, which means if we want to change the output, we need to change the input.

That includes our own minds.

Related: How Moms Build Empires with Love and Grit

Why I hire women and moms specifically

At my company, 80% of the team are women, and most are moms. I hire them not as a favor, but because they’re some of the strongest professionals I’ve ever worked with. Motherhood teaches you how to prioritize fast, manage chaos and keep moving no matter what because you have no time to waste.

Mothers are disciplined, emotionally intelligent and deeply committed. My own mom told me, “I wouldn’t have built my career without you.” And I feel the same. My kids didn’t slow me down; they gave me a whole new sense of purpose. I see that same fire in the women I hire. And when they’re supported, they shine.

What can businesses do right now?

This isn’t about rewriting your entire corporate structure overnight. But here’s what you can start doing today to unlock an incredible workforce:

  • Audit your job postings for gendered language. Research shows that ads emphasizing traits like “aggressive” and “competitive” attract dramatically fewer female applicants than those highlighting “enthusiasm” and “innovation.”
  • Offer flexibility not just as a benefit, but as a baseline. Women offered high flexibility are far more productive and loyal — 66 % say they’d stay with a flexible employer three‑plus years, compared with just 19 % when flexibility is absent. 
  • Mentor — and sponsor — upward. A lack of influential sponsors, not skills, is a primary reason women stall before the C‑suite.
  • Challenge the bias. Whether in AI tools, team feedback, or hiring panels, be proactive in asking, “Who’s missing here?”

Because when we include more women, we don’t just create equity. We build better businesses.

What if I told you that there’s a huge pool of potential employees who have mastered multitasking, are remarkably resilient, emotionally intelligent and well-trained? And they rarely complain? Also, they are easy to find. Sounds like a dream, right?

Those people are moms. Moms are patient and hard-working. We, women, are expecting it from ourselves.

Women remain underrepresented in leadership (still less than 30% in C-suite roles in the US). Women are often sidelined not because of a lack of skill or ambition, but by systemic and internalized barriers.

The rest of this article is locked.

Join Entrepreneur+ today for access.

https://www.entrepreneur.com/growing-a-business/youre-missing-out-on-a-powerful-talent-pool/491307




Tesla Will Now Accept Cybertruck Trade-ins — Here’s How Much It’s Worth

When Cybertruck deliveries began rolling out in late 2023, Tesla said it would not accept trade-ins.

Now, things have changed, reports EV news site Electrek, following what it calls “a commercial flop” for the electric truck’s sales.

Related: A Tesla Executive Received a Record Pay Package, and It’s Not Elon Musk

In the lead up to vehicle sales and deliveries, Tesla said it had over one million reservations, but per Electrek, only about 40,000 of those reservations became actual orders.

The newly announced trade-in program offers a bleak picture for Cybertruck owners when it comes to trade-in value.

Cybertruck Owners Club reports that a 2024 Cybertruck AWD Foundation Series, which sold for $100,000, with 6,000 miles on the odometer, could be traded in for just $65,400. That’s a 34.6% depreciation in just a year. According to Kelly Blue Book, most new vehicles lose about 20% of their initial value in the first year.

Elecktrek blames the steep dropoff in value on overproduction (what they call a lack of “scarcity”) and the underwhelming performance of those trucks that did find buyers. Inside EVs notes that 46,096 Cybertrucks manufactured between November 2023 and February 2025 were recalled due to an “adhesive issue” that led to pieces of the metal trim coming off the vehicle while it was driving.

Related: ‘Not a Money Thing’: Elon Musk Says He Is Committing to 5 More Years as Tesla’s CEO. Here’s Why.

During an interview at the Qatar Economic Forum this week, Tesla CEO Elon Musk seemed undeterred by the company’s struggles.

“You can just look at the stock price if you want the best inside information,” he said. “The stock market analysts have that, and a stock wouldn’t be trading near all-time highs if it was not, if things weren’t in good shape. They’re fine, don’t worry about it.”

Tesla’s chief executive also said he’d be staying with the company for at least another five years.

https://www.entrepreneur.com/business-news/tesla-taking-cybertruck-trade-ins-staggering-depreciation/492016




She Started a Creative Side Hustle While Working ‘Dead-End’ Jobs — Then Grew It From $10,000 to Over $50,000 a Month: ‘[It] Became Magnetic’

This Side Hustle Spotlight Q&A features Alyssa O’Toole, 35, of Boston, Massachusetts. O’Toole is the founder of Musicians Playground, a Boston-based music studio and community built like a gym for musicians, offering adult hobbyists group classes in piano, voice and guitar, along with music-based team-building events. She’s also the co-founder of Seven, a consulting company helping brick-and-mortar, service-based business owners scale to the $1 million revenue mark. Responses have been edited for length and clarity.

Image Credit: Courtesy of Musicians Playground. Alyssa O’Toole.

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What was your day job or primary occupation when you started your side hustle?
At the time, I didn’t have a single primary job — instead, I was doing anything and everything to get by. I taught music lessons all over the city, sometimes driving 30 minutes each way for just $20. I worked as a CrossFit instructor, did promotional modeling for alcohol brands, served coffee at Dunkin’ Donuts and even worked for free at a design firm just to “get experience.” There’s truly nothing I wouldn’t have done for my dream. It was a nonstop hustle — racing from gig to gig, juggling mismatched uniforms and odd hours — to buy myself one more day to keep building what would eventually become Musicians Playground.

Related: Want to Start a Side Hustle Helping a Small Business? Here Are the Gigs That Pay the Most.

I was never above any kind of work. I did whatever it took to support myself while holding onto a vision only I could see. And while I often felt a little embarrassed bouncing between so many “dead-end” jobs with a bachelor’s degree in business, those years gave me something far more valuable than a tidy résumé: grit, people skills and the kind of real-world problem-solving no classroom can teach.

When did you start your side hustle, and where did you find the inspiration for it?
I officially started my side hustle in 2012, though in many ways, the seeds were planted long before that. I’ve been a pianist for over 20 years, and music has always been more than just a passion — it’s been a source of joy, healing and identity. It’s taught me some of the most important lessons I’ve carried into entrepreneurship: discipline, listening, creativity, resilience. I also had a deeply ingrained love of teaching from an early age.

The real inspiration clicked when I started thinking about music the same way I thought about fitness. I’ve always loved working out, so I started to ask: Why don’t we treat music the way we treat exercise? Why isn’t there a space where adults can go to play music regularly, socially and without pressure — like a gym, but for musicians? That question became the foundation for Musicians Playground. While I always knew the need for it existed, I didn’t fully grasp how much adults craved this kind of creative outlet until I watched the community come to life.

Image Credit: Courtesy of Musicians Playground

What were some of the first steps you took to get your side hustle off the ground?
I launched the side hustle with grassroots marketing — also known as marketing with no money. My priority was delivering an exceptional experience. I knew if I could go above and beyond for every client, word would spread. People talk about things that make them feel good, and I wanted every lesson to be something worth talking about.

The second piece was getting really clear on what I was actually offering. It wasn’t just about learning to read notes on a page — it was about helping people reconnect with play, creativity, confidence and joy. Once I framed it that way, the message became magnetic. Whether I was talking to someone casually or putting together a flyer, I focused on what mattered most to the people I wanted to attract: transformation, not just instruction.

Related: She Quit Her Job at Trader Joe’s After Starting a Side Hustle With $800 — Then She and Her Brother Grew the Business to $20 Million

I experimented early on with partnerships — local schools, organizations — but they rarely brought in the kind of client I was hoping to reach. What worked best? Hosting regular social events for my students. Especially for adults, these events created a sense of community, fun and belonging that kept them coming back — and bringing their friends with them. Over time, that community grew organically and became the social proof others needed to believe they could be part of it too.

Eventually, that growth meant hiring more teachers, expanding our services and moving into bigger and better spaces. Ironically, it wasn’t until I signed a lease for $10,000 a month in downtown Boston back in 2019 that I finally looked into paid marketing. Up to that point, I had grown the business to around $200,000 in revenue with nothing but word-of-mouth marketing, clear messaging and community-building.

If you could go back in your business journey and change one process or approach, what would it be, and how do you wish you’d done it differently?
First, I would have been much more selective about the coaches and consultants I invested in. Early on, I spent a lot of money working with people who either didn’t understand my industry — brick-and-mortar, service-based businesses — or simply weren’t equipped to meet me where I was in my journey. Some were great marketers of themselves, but not great coaches in practice. Looking back, I would’ve only worked with people who had successfully built something similar to what I was trying to build.

I also wish I had learned paid marketing myself much earlier, with the support of a trusted expert or advisor, instead of outsourcing it too quickly to agencies. To this day, I’ve never found an agency that has outperformed what my business partner and I have done ourselves when it comes to marketing and sales optimization. I ended up risking hundreds of thousands of dollars on agencies that didn’t truly understand our business. Had I taken the time to learn the strategy in-house first, I could’ve made far better decisions about where and how to spend those dollars.

And lastly, on an emotional level, I wish I had known how to separate myself more from the business. In the early years, every cancellation, failed sale or team member leaving felt personal — like a direct reflection of my worth. I carried that weight for way too long. Over time, I’ve learned that not everyone is going to like you, agree with you or stay forever, and that’s okay. That doesn’t mean I’m a bad leader or a broken person. Now, when I’m triggered by something, the first thing I ask is: “Is this a gravity issue?” In other words, is this just a natural part of doing business? If the answer is yes, I check what’s in my control, handle it as best I can and let go of the rest.

Image Credit: Courtesy of Musicians Playground

When it comes to this specific business, what is something you’ve found particularly challenging and/or surprising that people who get into this type of work should be prepared for, but likely aren’t?
One of the most surprising and challenging things is the massive difference between being a great technician — whether that’s a teacher, coach or musician — and being a successful owner/operator of a business. When we turn our passion into our livelihood, we don’t just sign up to do more of what we love — we’re also choosing to become business owners. And if we want any long-term freedom, we have to fully embrace that role.

Being a great teacher requires empathy, presence and creativity. Being a great owner requires leadership, systems thinking, financial literacy and the ability to make hard decisions — often at the expense of the very work you once loved doing. And the bigger the business grows, the wider that gap becomes.

When I coach studio owners around the world, we’re constantly revisiting the question: What do you want your day to actually look like? Because growth isn’t just about revenue — it’s about aligning the business with the kind of life you want to live. For me, that meant scaling back from 40 hours a week of teaching to just a handful. It meant spending most of my time on things that had nothing to do with music — operations, hiring, marketing, legal and systems. It was a huge identity shift.

Related: This 34-Year-Old Was ‘Wildly Un-Passionate’ About His Day Job, So He Started a 9-Figure Side Hustle: ‘Be an Animal’

Can you recall a specific instance when something went very wrong? How did you fix it?
One of the biggest mistakes I made was signing a commercial lease that tripled our rent without fully understanding what I was committing to. My advisor warned me not to do it, and in hindsight, he wasn’t wrong. But I was all-in on the vision and convinced it was the leap we needed to grow.

What I lacked was the business acumen to support that kind of decision — no systems, no financial clarity and no real grasp of things like P&Ls or marketing ROI. That lease forced me to learn fast. It was overwhelming, but I had a team relying on me and a mission I refused to give up on.

That year, my mentor joked I gave myself an MBA — and honestly, he wasn’t wrong. I finally started running the business like a business.

Today, it feels like I’m piloting a well-built plane with clear instruments, a flight path and the right people on board. But back then? I was building the thing mid-flight in a storm, just trying to keep us in the air. That experience didn’t just change how I lead. It made me capable of building something that lasts.

How long did it take you to see consistent monthly revenue? How much did the side hustle earn?
From the beginning, I built the business on a monthly recurring revenue (MRR) model, which meant I had consistency early on, even if the numbers were modest. In the earliest phase, I was earning just a few thousand dollars a month, and because I was doing everything myself, most of it was profit. As my student base grew and I began slowly expanding the services, that monthly revenue climbed steadily — from $10,000 to $20,000, then $50,000 per month and beyond. It wasn’t overnight, but the momentum built as I refined the offer and began thinking beyond my own teaching hours.

What does growth and revenue look like now?
Today, we’re averaging about 20% year-over-year growth, with most of our monthly revenue still coming from recurring memberships rather than one-off sales. That MRR model continues to provide stability and predictability as we scale. With the help of my business partner — who joined the team just over a year ago and brings a strong background in consulting — we’ve been able to significantly strengthen our systems, strategy and operations. We’re aiming to cross the $80,000 monthly revenue mark within the next 12 to 16 months and are actively laying the groundwork to open a second location by late 2026. At this stage, growth is more strategic — it’s about refining operations, developing our team and building infrastructure that supports sustainable, long-term expansion.

Image Credit: Musicians Playground

What do you enjoy most about running this business?
The business was born from my imagination, and every day, it continues to grow from that same place. Every decision I make, every system I build, every risk I take, feels like another brushstroke on a decade-long masterpiece. For years, it felt like I was working in the dark. But looking back now, I can see something truly meaningful has taken shape — something alive, impactful and uniquely mine.

What I love most is that no day is the same. Each one brings new challenges and new chances to grow. I get to wake up and give everything I have — pushing my limits, going deeper and showing up with purpose. It’s not pressure — it’s passion.

Related: This 17-Year-Old High School Student Has a $20,000-a-Month Side Hustle — and It All Started With a Skill He Learned in Class

What is your best piece of specific, actionable business advice?
Start by creating a real business plan before doing anything else. Download a simple template online and actually fill it out. Don’t just focus on the big-picture vision; include practical details like your pricing model, target market, projected revenue, startup costs and growth strategy. Even if it evolves, the process gives you a grounded framework to build from and helps you ask smarter questions and seek more focused support when you connect with mentors or advisors.

Next, find as close to a risk-free or low-cost way to start as possible. Before signing a lease or taking on major overhead, look for creative solutions. I launched Musicians Playground from a live/work loft, which kept rent manageable and gave me the flexibility to grow organically before eventually committing to a $10,000-a-month commercial lease. Many of my clients have done the same, starting out of their homes, in churches or shared community spaces. The goal is to reduce financial pressure early so you can focus on refining your offer and building demand before scaling up.

Third, track everything from the beginning: revenue, expenses, leads, conversions and retention. Most entrepreneurs wait too long to get serious about their numbers, but understanding them early gives you a huge advantage. You don’t need fancy software; a simple spreadsheet works. What matters is developing the habit of making decisions based on data, not just instinct.

Finally, invest in technology that helps you run your business more efficiently. Tools like QuickBooks for finances, a CRM for client relationships and email or SMS marketing platforms can save time, reduce overwhelm and give you better insight into how your business is performing. The right systems create space for you to focus on what really matters: building something meaningful and sustainable.

It takes heart to build a business, but it also takes structure. The sooner you give yourself both, the smoother the journey becomes.

https://www.entrepreneur.com/starting-a-business/35-year-olds-side-hustle-makes-over-50k-a-month/491944




Market Volatility Isn’t Your Enemy — It’s Your Greatest Opportunity. Here Are 6 Proven Ways to Profit From the Chaos.

Opinions expressed by Entrepreneur contributors are their own.

I still remember the day I saw my portfolio with a huge unexpected loss in less than three hours. It was 2020, “Covid crash,” and I’d ignored every principle of risk management during a particularly violent swing in the equity markets. As I sat there, watching my trading terminal flash angry red numbers, I learned a lesson about market volatility that no business school could have taught me.

Volatility isn’t your enemy — it’s your greatest opportunity. But only if you know how to use it. Today’s markets move with unprecedented speed. A presidential tweet, a supply chain disruption or an unexpected Fed announcement can send assets plummeting or soaring within seconds. For investors, these wild price swings represent both extreme danger and extraordinary potential.

Related: Chaos and Cash: Finding Opportunity in Volatility

The volatility paradox: How chaos creates opportunity

Volatility exists in all liquid markets — stocks, bonds, currencies and commodities. At the same time, some assets on the market can be traded with high volatility, while others go at a moderate pace. That’s why volatility isn’t judged in isolation; it’s always relative to similar instruments in the same space.

Volatility creates asymmetric opportunities that simply don’t exist in calm markets. When fear grips investors and assets are sold indiscriminately, diamonds get priced like rocks. When euphoria takes hold, even mundane assets can reach absurd valuations.

These inefficiencies create pockets of opportunity that the prepared trader can exploit. While large institutional investors are often constrained by mandate or size during volatile periods, nimble investment boutiques and family offices can move quickly to capitalize on mispriced assets.

Even with wars, pandemics and trade issues, the market has kept growing. If you invested $10,000 in the S&P 500 in 1980, it would be worth nearly $1.5 million today. History shows that staying invested through tough times can pay off.

Yet the road to profiting from volatility is littered with the wreckage of failed investors. The challenges are numerous and unforgiving.

When markets get shaky, prices can move fast and without warning — what looked like a solid win can suddenly flip into a painful loss. And just when you’re ready to get out, the buyers disappear, leaving you stuck holding the bag.

Execution risks multiply as well. That trade you wanted to make at $100? It might fill at $105 or $110 due to slippage when markets move rapidly. And let’s not forget the greatest danger of all: our own emotions. Fear and greed hijack rational decision-making, leading to impulsive trades that violate your strategy.

For investment startups looking to implement sophisticated approaches like high-frequency trading, regulatory hurdles add another layer of complexity and cost.

Related: Worried About the Market? Here’s How Warren Buffett, Ray Dalio, and Harvard University Protect Their Portfolios

Your volatility playbook: Practical strategies for entrepreneurs

Despite these challenges, I’ve watched numerous startups build tremendously profitable operations by specializing in volatile markets. Here’s how they do it:

1. Automate your emotions away:

Emotions mess with decisions, especially in fast-moving markets. That’s where algorithmic trading comes in. It sticks to the plan, reacts in real time and doesn’t get spooked or greedy. Your algorithm won’t panic-sell at the bottom or get greedy at the top — it simply follows the rules.

2. Follow the rubber band effect:

Markets often stretch too far in one direction, then snap back like a rubber band. That’s your window. Focus on assets that tend to return to their average — buy when they drop too hard, sell when they shoot up too fast.

3. Define your disaster scenario:

Every trade should have a predetermined stop-loss — a price at which you’ll exit if things go wrong. This isn’t negotiable. The markets don’t care about your dreams or your startup’s runway. Protect your capital at all costs.

Set a threshold to automatically exit a trade when things go wrong. This way, you can prevent small losses from turning into catastrophes.

4. Don’t bet everything on one move:

Diversify across different assets (stocks, bonds, commodities, forex, etc.). This helps mitigate the risk of one market crashing while the others still perform.

But true diversification also means using different strategies and timeframes. Apply different strategies across multiple timeframes and market conditions. When one approach stumbles during volatile periods, another might thrive.

5. Learn the art of hedging:

Tools like options or inverse ETFs act like a safety net. They won’t stop the market from dropping, but they can soften the fall — and sometimes, that’s all you need.

6. Walk before you run:

The cemetery of failed trading startups is filled with companies that scaled too quickly. Test your ideas in a safe space first, then ease into the real thing. Only when your approach proves consistently profitable should you gradually increase your exposure. Once you have a feel for what’s effective, scale your operations gradually.

Related: How to Manage Risk and Make Money in This Volatile Market

The truth about market volatility is that it separates the professionals from the amateurs. While most investors fear volatility, the prepared one recognizes it as the ultimate business opportunity — a chance to profit precisely when others are paralyzed by uncertainty.

So, the next time markets turn chaotic, remember: Volatility isn’t something to survive — it’s something to capitalize on. With the right preparation, systems and mindset, the most turbulent markets can become your most profitable hunting grounds.

I still remember the day I saw my portfolio with a huge unexpected loss in less than three hours. It was 2020, “Covid crash,” and I’d ignored every principle of risk management during a particularly violent swing in the equity markets. As I sat there, watching my trading terminal flash angry red numbers, I learned a lesson about market volatility that no business school could have taught me.

Volatility isn’t your enemy — it’s your greatest opportunity. But only if you know how to use it. Today’s markets move with unprecedented speed. A presidential tweet, a supply chain disruption or an unexpected Fed announcement can send assets plummeting or soaring within seconds. For investors, these wild price swings represent both extreme danger and extraordinary potential.

Related: Chaos and Cash: Finding Opportunity in Volatility

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https://www.entrepreneur.com/money-finance/6-ways-to-turn-market-volatility-into-consistent-profit/490769




How AI Can Help You Cut Through Tariff Chaos — in Just 3 Simple Steps

Opinions expressed by Entrepreneur contributors are their own.

Since President Trump first announced new tariffs on U.S. trading partners in April, with frequent revisions ever since, American businesses of all sizes have been caught in a whirlwind of uncertainty. For entrepreneurs relying on foreign suppliers, sudden spikes in raw material costs can force a frantic reevaluation of longterm strategies and pricing models. These constantly shifting tariffs have upended months, even years, of planning across operations, production, supply chains, and competitive positioning, leaving many entrepreneurs stuck in near paralysis.

Most imported products face a baseline duty of at least 10%, but that number is subject to change with little warning. Trump announced much larger reciprocal tariffs on dozens of countries in April before instituting a 90-day pause. Trump also raised tariffs on China to 145% before lowering them back to 30% for most Chinese goods for at least 90 days starting in May. To handle the tariff whiplash and survive in today’s volatile political and economic climate, you need to navigate constant uncertainty and adjust to frequent disruptions. If you’re not able to pivot quickly as changes arise, you may have to pass rising costs onto consumers, putting your business at risk of losing them entirely.

Related: Walmart Is Raising Prices, According to the Company’s CEO. Here’s When.

To stay ahead of these constant changes, business owners need to regularly explore a range of “what-if” scenarios. For example, if tariffs rise on a key supplier, how quickly should I adjust prices? Or, what are my options for switching to a supplier in a country with lower tariffs? With so many moving parts, AI can make this easier. Tools like ChatGPT make it simple to start using AI for financial modeling and supply chain analysis —helping you stay agile while navigating unpredictable tariffs.

How small businesses can use AI for smarter scenario planning and future-proof decisions

Earlier in my career, I helped large oil companies and financial institutions optimize their supply chains for better efficiency and lower costs. Traditionally, creating these models required complicated Excel spreadsheets and some proficiency in mathematics. Not only has AI made the modeling process more accessible, even for non-technical business owners, but it has also provided business owners with an essential tool for scenario planning that is adaptable in real time.

Tariffs are fundamentally unpredictable, especially today, so AI can’t predict what tariffs will be tomorrow, next week or next month. It can, however, help your business prepare for the unknown and make smarter decisions faster by running dozens of those “what-if” scenarios in seconds. That’s why it’s best to understand and use AI as an optimization model instead of a one-time solution.

Here’s how the optimization model works and how you can use it to build a pricing and procurement strategy that will help your business stay on top of 2025 tariffs:

Step 1: Provide your AI tool with data

Start by entering the key details into your AI tool—some of which your Large Language Model (LLM) may already know. An LLM is a type of AI that understands and creates human-like text by learning from vast amounts of writing.

Include information like:

  • Current and projected tariff rates
  • Domestic and international costs of goods
  • Inventory holding periods
  • Revenue per unit

This data is likely already available in your balance sheet, which you can quickly upload to your AI tool like ChatGPT or source through simple research. The AI’s goal is to optimize for a combination of these variables that yields the highest profitability at the lowest cost at any given point.

Related: What Is a Tariff? Here’s an Overview of the Basics.

Step 2: Use AI to model supply chain alternatives

AI can scan trade databases and tariff announcements in real time, constantly updating teams in need. As tariffs fluctuate and updates are tracked, your optimization model will shift and evolve.

For example, if tariffs rise and the cost of overseas products increases, you may look to purchase goods domestically and ask your AI system to recommend sourcing alternatives. AI can even compare the benefits, drawbacks and long-term implications of sourcing from various countries.

While AI can’t provide specific pricing or shipping estimates, it drastically reduces the time it takes to evaluate new options. Once you find the rest of the information you need, by researching online or calling the suggested companies directly, feed it into your model to update your strategy in real-time.

Step 3: Use AI to explore multiple scenarios and identify the best path forward

Beyond just helping with sourcing decisions, AI can also recommend how much you can raise your prices to stay profitable without driving customers away. For example, your business might absorb a 5% to 10% tariff increase through modest price hikes, but a 15% increase could start to push customers away. AI can simulate different pricing strategies to help you find the perfect balance for your unique situation.

Ask your AI tool questions such as:

  • How much would I lose if tariffs remain between 10% and 15% over the next 60 days?
  • When does buying from international suppliers become economically unviable?
  • How much would I need to raise prices if tariffs increase to 20%?
  • What’s the best price increase to keep my revenue steady while covering costs?

AI can help pinpoint various thresholds and calculate your options. These actionable insights can be life-saving for businesses lacking the time, energy and resources for trial and error.

Think of AI as a personal financial analyst that works around the clock and costs a fraction of a human hire. Regardless of your business, integrating AI into your operational toolkit and interacting with it daily can help you prepare for an unpredictable market.

While the future of tariffs remains uncertain, their impact is very real today. Instead of freezing up from uncertainty or making hasty decisions, AI empowers business owners to stay proactive and ready for whatever comes next.

Since President Trump first announced new tariffs on U.S. trading partners in April, with frequent revisions ever since, American businesses of all sizes have been caught in a whirlwind of uncertainty. For entrepreneurs relying on foreign suppliers, sudden spikes in raw material costs can force a frantic reevaluation of longterm strategies and pricing models. These constantly shifting tariffs have upended months, even years, of planning across operations, production, supply chains, and competitive positioning, leaving many entrepreneurs stuck in near paralysis.

Most imported products face a baseline duty of at least 10%, but that number is subject to change with little warning. Trump announced much larger reciprocal tariffs on dozens of countries in April before instituting a 90-day pause. Trump also raised tariffs on China to 145% before lowering them back to 30% for most Chinese goods for at least 90 days starting in May. To handle the tariff whiplash and survive in today’s volatile political and economic climate, you need to navigate constant uncertainty and adjust to frequent disruptions. If you’re not able to pivot quickly as changes arise, you may have to pass rising costs onto consumers, putting your business at risk of losing them entirely.

Related: Walmart Is Raising Prices, According to the Company’s CEO. Here’s When.

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https://www.entrepreneur.com/business-news/how-ai-can-help-you-cut-through-tariff-chaos-in-just-3/491567




‘I Defend Your Right to Buy Bitcoin’: JPMorgan Will Let Customers Buy Bitcoin, Though CEO Jamie Dimon Still Thinks It’s Like a ‘Pet Rock’

In 2022, JPMorgan Chase CEO Jamie Dimon called cryptocurrency “decentralized Ponzi schemes” at a U.S. House Financial Services Committee hearing. “I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin,” he said at the time.

But on Monday at JPMorgan’s annual investor day, Dimon said that JPMorgan Chase, the U.S.’s largest bank, will allow its clients to buy Bitcoin, per CNBC.

Related: JPMorgan Chase Says AI Could Cut Headcount By 10% in Some Divisions: ‘We Will Deliver More’

“We are going to allow you to buy it,” Dimon said. “We’re not going to custody it. We’re going to put it in statements for clients.”

JPMorgan Chase CEO Jamie Dimon delivers a speech during the Global Markets Conference, ahead of the Choose France summit, in Paris, on May 15, 2025. MICHEL EULER/POOL/AFP | Getty

Rival Morgan Stanley has allowed clients to buy bitcoin ETFs since August 2024.

Dimon has long cited the risks of bitcoin, including money laundering. At Davos last year, he called it a “pet rock” that “does nothing.”

Related: ‘This Has to Stop’: JPMorgan CEO Jamie Dimon Outlines How to Run a Successful Meeting

But that doesn’t mean he is going to hold other people back from making their own financial choices.

“I don’t think you should smoke, but I defend your right to smoke,” Dimon said. “I defend your right to buy bitcoin.”

https://www.entrepreneur.com/business-news/jpmorgan-chase-will-allow-clients-to-buy-bitcoin/491868




JPMorgan Chase Says AI Could Cut Headcount By 10% in Some Divisions: ‘We Will Deliver More’

JPMorgan Chase is trying to use AI to cut down its headcount.

At the company’s annual investor day on Monday, JPMorgan’s CEO of consumer and community banking, Marianne Lake, 56, gave a presentation predicting that AI would allow the bank to reduce employee numbers by 10% in the operations and account services departments. The operations division processes statements and payments, while the account services unit manages day-to-day transactions.

Related: JPMorgan Says Its AI Cash Flow Software Cut Human Work By Almost 90%

Lake, who runs Chase Bank and its credit card business, said that 10% was a modest estimate — the bank would most likely “deliver more” in headcount reductions.

“I would take the over on this projection and bet that we will deliver more,” Lake said, per Business Insider. She did not disclose a timeline for when the workforce reductions would occur or which roles they would impact.

Marianne Lake. Photographer: Jin Lee/Bloomberg via Getty Images

JPMorgan’s Chief Financial Officer, Jeremy Barnum, 52, disclosed at the same investor day event that the bank would spend less than $95 billion on hiring this year as AI makes operations more efficient. That’s a drop from $200 million in hiring efforts in 2023 and $100 million in 2024.

“We’re asking people to resist headcount growth where possible and increase their focus on efficiency,” Barnum stated, per BI. “It’s not just the amateurs who are helped by these [AI] tools. It’s amazing stuff, and we have high hopes for the efficiency gain.”

JPMorgan’s headcount has grown in recent years, swelling over 20% from 255,350 employees in 2020 to over 317,000 in 2024. At the same time, the bank’s net income has doubled from $29.13 billion in 2020 to a record-high $58.5 billion in 2024.

Related: JPMorgan Chase CEO Jamie Dimon Isn’t Worried About AI Taking Over Jobs — Here’s Why

Who will take over as JPMorgan CEO?

At JPMorgan’s investor day, investors were eyeing the executives who could possibly take over the CEO position from Jamie Dimon when he retires within the next four years.

According to The Wall Street Journal, Lake is a top contender for the CEO spot. She started at the bank as an accountant and eventually became Chief Financial Officer from 2013 to 2019, before being promoted to her current position.

The other two CEO hopefuls are reportedly the co-heads of JPMorgan’s corporate and investment bank, Doug Petno, 59, and Troy Rohrbaugh, 55.

Petno started as an investment banker at JPMorgan before eventually becoming the CEO of commercial banking from 2012 to 2024. Rohrbaugh joined JPMorgan in 2005 as a managing director and was previously the head of Macro Markets, which includes the bank’s foreign exchange and emerging markets businesses.

Related: JPMorgan Chase CEO Jamie Dimon Shares Four Tips for Leaders

Dimon said on Monday at the investor event that he still intends to retire as CEO within the next four years, though he and JPMorgan have yet to publicly announce a successor.

“What we’ve told you is that the board has intent… to be thinking about succession, and we should be doing that,” Dimon said, per Barron’s.

Dimon has led the bank since 2006. JPMorgan shares have skyrocketed by nearly 200% over the past five years.

JPMorgan Chase is trying to use AI to cut down its headcount.

At the company’s annual investor day on Monday, JPMorgan’s CEO of consumer and community banking, Marianne Lake, 56, gave a presentation predicting that AI would allow the bank to reduce employee numbers by 10% in the operations and account services departments. The operations division processes statements and payments, while the account services unit manages day-to-day transactions.

Related: JPMorgan Says Its AI Cash Flow Software Cut Human Work By Almost 90%

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https://www.entrepreneur.com/business-news/jpmorgan-to-cut-headcount-in-some-divisions-due-to-ai/491864