Entrepreneurs
10 Examples of How Highly Admired Entrepreneurs Show Empathy
You secretly envy celebrity entrepreneurs. Their prosperity is as inspiring as how they became wildly popular. There’s one extraordinary trait among these entrepreneurs who serve massive audiences, elevating their empathy gift.
Empathy benefits for high achievers come from careful reflections. Examples of their empathetic nature reveal insights YOU can copy. Insights that bond you closer with your audience.
Here are 10 benefits and insights of admired, empathetic entrepreneurs:
1. Earning loyal fans through vulnerability
The ‘Bufferoos’ of Buffer openly communicate they value and care about their staff and audience.
Tuning into his empathetic mindset, co-founder Joel Gascoigne knows fans appreciate vulnerably disclosing business mistakes. They empathize with the team’s painful loss.
“The mistakes we make don’t just affect product features. They affect people’s lives. No amount of optimism could prepare Buffer when we had to tell 10 talented teammates their journey with us was over.” – Joel Gascoigne
2. Creating virtual interactive experiences from reciprocal comments
Either Jon Morrow or his Smart Blogger’s guests hang out in the blog comments on publishing day. Jon and his team are empathetic pros at offering what their audience wants. In exchange for loyalty, blog fans receive personal replies, free advice, recognition, and blog topic input. Loyal fans eagerly await their weekly virtual conversations.
3. Considering online visitors’ point of view
Brian Carroll, Founder of B2B Lead Blog stresses that new customers and website visitors want to be treated as people –not as leads, email addresses, traffic, or conversions. Brian’s empathetic advice for content access considers online visitors’ point of view.
“Use your empathy and put yourself in your customer’s shoes. People use the web and social media for research; they’re looking for fresh ideas, insight, and actionable information. That’s why you shouldn’t put your best thinking behind web forms and registrations pages.” – Brian Carroll.
4. Mastering attention-grabbing among a sea of choice
The head of I Will Teach You to be Rich, Ramit Sethi writes email subject lines by tapping into his empathetic ability. He understands what subjects evoke his readers’ emotions and curiosity. Later, readers are tempted to respond to Ramit’s thought-provoking questions.
Would YOU reply to these? Subject: “What I believe but cannot say” Email closure: “P.S. Just for fun: What do YOU believe that you cannot say? Hi reply and tell me. I’ll keep it anonymous if you want me to.” Ramit Sethi
5. Adding fireworks to empathy
Marie Forleo combines her contagious personality and empathetic charm. Drawing upon her contagious audience connection –Marie shares tough, heartfelt advice for motivating her audience. “Test your ideas in private so you don’t publically announce every time you’re going to try something new.” Marie Forleo
6. Fully revealing discoveries at no cost
Pat Flynn from Smart Passive Income reveals his proven results without charging his audience. Communicating openly –from income reports to business processes is what empathetic Pat knows his audience loves. He speaks from his inner self when sharing opinions and advice.
“RAOK = random acts of kindness. You should do something to acknowledge that a reader or viewer did a RAOC for you. Perform your own ROACK. Randomly reply to a comment by reading it out and sharing with your viewers or readers.” – Pat Flynn
7. Matching your audience’s reality and perspective
Jill Smokler with Scary Mommy understands and lives her mom readers’ reality. Readers crave the relatable blog topics. They resonate with the emotional tone. Scary Mommy’s empathetic perspective unites their readers. It matches what they believe and value: Parenting doesn’t have to be perfect to be ideal. “All of the parties I didn’t get invited to as a kid came flooding back.” Jill Smokler
8. Enhancing what’s most appealing for your audience
Joel Brown with Addicted2Success understands what empowers and inspires his ambitious audience. He shares inspirational wisdom through his success secrets, along with discoveries from interviewing wildly prosperous people. Joel’s empathetic talent keeps viewers coming back. They’re treated to watching Joel discuss prosperity habits surrounded by breath-taking, exotic scenery. 7 million dollar habits Joel reveals from super high achievers…
“First thing in the morning knock out high, heavy tasks as your willpower is high. Daily exercise heightens activity in your prefrontal cortex. This part of your brain is used for making executive decisions. Visualization helps your goal setting direction.” – Joel Brown
9. Turning emails into privileged conversations
Chris Brogan personally and promptly replies to hundreds of weekly emails from his exclusive tribe. Reading these responses heightens Chris’ empathetic view. By drawing attention to tribe members’ updates and accomplishments –Chris unites his members.
“Believe it or not, just by electing to receive this letter, I consider you part of my monchu. I’m lucky to have you in this one family.” Chris Brogan
10. Impacting people’s lives through trust
Larry Page of Google relies on his empathetic character for prioritizing users’ high privacy values.
Approval for beneficial access should respect people’s informed privacy rights. Trusting beneficial privacy requests could have life-altering results, i.e. exclusive medical treatment.
“And when someone accesses your medical record, a research doctor, you could see which doctor accessed it and why. You could maybe learn about what conditions you have. I think if we just did that, we’d save 100,000 lives this year.” – Larry Page
Marketing has evolved since these empathetic entrepreneur celebrities were becoming affluent. There are substantially more options for customers. While mapping out your entrepreneur success journey, put on your empathy glasses.
Elevating your empathy gift deepens the human connection with your audience and customers. This connection strengthens trust for bonding with you. Contemplate the insights how celebrity empathetic entrepreneurs bonded with their audience.
Which insight will accelerate your success journey? Leave your comments below!
Entrepreneurs
How Entrepreneurs Are Harnessing LLCs to Launch Successful Startups
LLCs have unique advantages for starting up and growing a successful business
In my entrepreneurial journey, I’ve learned that LLCs have unique advantages for starting up and growing a successful business. But, before delving into the advantages, it’s essential to grasp the fundamentals of what an LLC is and how it operates.
What is an LLC?
An LLC is a hybrid business entity that combines the liability protection of a corporation with the pass-through taxation of a partnership or sole proprietorship. This unique blend provides entrepreneurs with the best of both worlds: personal asset protection and simplified taxation.
One of the most significant advantages of an LLC is its limited liability feature. This means that as the owner, my personal assets are shielded from any liabilities or debts incurred by the business.
In the event of lawsuits or financial obligations, only the assets of the LLC are at risk, offering me peace of mind and protecting my personal wealth.
Advantages of Forming an LLC
Flexibility in Management and Structure
Another aspect of the LLC that appealed to me was its flexibility in management and structure. Unlike corporations, which have rigid hierarchies and formalities, LLCs allow for a more relaxed approach to governance. As the founder, I have the freedom to structure the company in a way that suits the needs and goals of my startup.
For instance, LLCs can choose to be managed by their members (owners) or appoint a manager to oversee operations. This flexibility enables me to maintain full control of the business or delegate management responsibilities to trusted individuals while retaining ownership.
Additionally, LLCs are not bound by strict meeting requirements or extensive record-keeping obligations, reducing administrative burdens and allowing me to focus on building and growing the business.
Pass-Through Taxation and Financial Efficiency
One of the most attractive features of an LLC, particularly for startups, is its pass-through taxation. Unlike corporations, which are subject to double taxation (taxation at both the corporate and individual levels), LLCs pass profits and losses directly to their members’ personal tax returns.
This tax efficiency not only simplifies the filing process but also allows for greater flexibility in managing cash flow and reinvesting profits back into the business. As an entrepreneur, minimizing tax liabilities and maximizing financial efficiency are critical components of long-term success, and the pass-through taxation feature of an LLC aligns perfectly with these objectives.
Enhanced Credibility and Professionalism
Establishing an LLC can also enhance the credibility and professionalism of a startup. Unlike sole proprietorships or general partnerships, which may be perceived as informal or less legitimate, an LLC provides a formal business structure that instills confidence in customers, investors, and partners.
By operating under the umbrella of an LLC, I can present my startup as a reputable and established entity, which can open doors to opportunities such as securing financing, attracting top talent, and forging strategic partnerships.
This enhanced credibility can be a significant advantage, particularly in competitive industries or when seeking to differentiate my startup in the market.
Protection of Intellectual Property and Brand Assets
For startups built around innovative ideas or unique intellectual property, protecting these assets is paramount. An LLC offers an additional layer of protection for intellectual property and brand assets, safeguarding them from infringement or unauthorized use.
By registering trademarks, copyrights, or patents under the name of the LLC, I can establish legal ownership and enforce my rights more effectively in the event of disputes or infringement claims. This protection not only preserves the value of my intellectual property but also enhances the overall stability and longevity of the startup.
Steps to Form an LLC
Let us now look at the general steps to form an LLC for your business:
Step 1: Choose a Name for Your LLC
Selecting a unique and distinguishable name is the first step in forming an LLC. Ensure that the name you choose complies with the rules set by your state’s LLC division. Typically, the name must end with “Limited Liability Company,” “LLC,” or an abbreviation of these terms.
Additionally, the name should not infringe on the trademarks of existing businesses.
Step 2: Designate a Registered Agent
A registered agent is an individual or entity appointed to receive legal documents, such as lawsuits or subpoenas, on behalf of the LLC. The registered agent must have a physical address within the state where the LLC is formed.
For instance, if you are forming an LLC in Texas, ensure that your registered agent has a physical address in Texas.
This role is crucial for ensuring that the LLC remains compliant with legal requirements and maintains good standing.
Step 3: File Articles of Organization
The Articles of Organization, also known as a Certificate of Formation or Certificate of Organization in some states, is a document that formally establishes the LLC. You’ll need to submit this document to the appropriate state agency, usually the Secretary of State or Division of Corporations.
The articles typically include basic information such as the LLC’s name, address, registered agent details, and the purpose of the business.
Step 4: Create an Operating Agreement
While not always a legal requirement, drafting an operating agreement is highly recommended for LLCs. This document outlines the ownership structure, management roles, voting rights, profit-sharing arrangements, and other important aspects of the LLC’s operations.
Even if you’re the sole owner of the LLC, having an operating agreement in place can help clarify expectations and prevent disputes in the future.
Step 5: Obtain an Employer Identification Number (EIN)
An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to identify your LLC for tax purposes.
Even if your LLC doesn’t have employees, obtaining an EIN is necessary for opening a business bank account, filing taxes, and conducting other financial transactions.
Step 6: Obtain Necessary Permits and Licenses
Depending on the nature of your business and its location, you may need to obtain various permits, licenses, or certifications to operate legally. These requirements can vary widely from one industry and jurisdiction to another. Common examples include business licenses, zoning permits, health permits, and professional licenses.
In my entrepreneurial journey, the decision to establish my startups as LLCs has been instrumental in mitigating risks, optimizing financial performance, and positioning my ventures for long-term success.
By harnessing the advantages of the LLC structure, I’ve been able to navigate the complexities of entrepreneurship with confidence and resilience, laying the groundwork for a bright and prosperous future.
Entrepreneurs
Build a Strong IT Team with These Smart Hiring Tips
Without dedicated IT staff, your company may not be able to function as efficiently or effectively
The role of IT staff in your company is not only essential but also ever-evolving. As your business grows, so does the need for qualified IT staff and more robust recruiting solutions.
After all, from maintaining and troubleshooting the computer systems that keep your business running smoothly, IT staff also help employees stay connected and productive by providing technical support at all times. (more…)
Entrepreneurs
5 Important Legal Tips Every Entrepreneur Should Know
With a firm commitment to legal knowledge, you pave the way to grow your business sustainably
While creativity, drive, and strategic vision are paramount, integrating legal insight into your entrepreneurial toolkit can be a game-changer.
This comprehensive guide delves deeper into the five critical steps that can empower you to navigate the intricate legal landscape and propel your venture toward prosperity. (more…)
Entrepreneurs
6 Hacks to Boost Your Productivity as a Business Owner
To improve how much you get done each day, it’s smart to establish routines and use careful planning
Entrepreneurs are always looking for ways to get more done with the time and resources they have. Business owners can use clever productivity tricks to break these limits and make the most of their projects. (more…)
-
Life4 weeks ago
The Best Techniques to Boosting Your Memory in a Busy World
-
Success Advice4 weeks ago
An Easy to Follow 8 Step Strategy for Creative Problem Solving
-
Entrepreneurs4 weeks ago
Crisis-Proof Your Business Now: Essential Strategies for Every Entrepreneur
-
Success Advice3 weeks ago
10 Landing Page Hacks Experts Are Using to Generate Leads
-
Entrepreneurs2 weeks ago
The Mindset Shifts Required to Become a Successful Online Entrepreneur
-
Success Advice2 weeks ago
The Power of Ethical Leadership: How Integrity Drives Success
-
Entrepreneurs2 weeks ago
6 Hacks to Boost Your Productivity as a Business Owner
-
Success Advice1 week ago
How to Choose the Best Affiliate Programs for Your Blog