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5 Things You Need to Master to Become a Successful Entrepreneur

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Have you ever reached the end of your week and thought, “what the hell am I doing with my life?”

Any person who has ventured down the path of entrepreneurial careers has been in this place. You pour your sweat, blood, and soul into your dream business only to come up short on bills and exhausted from 80 hours of work in a week. It’s exhausting and taxes your mental, emotional and physical health.

For better or worse, when you dive into the world of self-employment you get to see a rare glimpse of what you are truly made of. From the outside, it may appear like many successful entrepreneurs go about it alone, like they were born to run a business, but even the best and most successful people in any industry use coaching and tools to create success in their lives and businesses.

Here are 5 things I’ve learned from experience and coaches that has led to my success in business and personal life. 

1. Stamina

Upon deciding to be your own boss you will quickly learn an unwavering lesson about self-employment. It can be painful, and life does not slow down or show any mercy because of your new work-life definition. 

Problems will arise like; sickness, kids being late to school, broken down cars, divorce, lost merchandise, scams, poor marketing, websites getting hacked, the list of daily variables can be endless. Being able to endure these frequent growing pains is crucial. Regardless of how challenging your day may begin, you still need to show up and put in the work. 

The unfortunate thing is that the original motivation for building a business is often blunted by these daily setbacks. This drive can become watered down over time because entrepreneurs get enveloped in the small things and subsequently lose sight of their bigger vision. Reminding yourself why you are enduring these tribulations and the greater vision, will help you build stamina. Being able to be consistent on your journey is key for a better life a bigger business, this is achieved through developing stamina. 

2. Execution

The one driving force that holds everyone back from their true potential is lack of execution. Things rarely turn out how you envisioned them no matter how much you prepare and plan. So you must start first by executing and adjust by pivot along the way. Set sail and learn to navigate to the best outcome along the way.

Small wins will add up to big wins, and steady growth builds a better foundation than rapid growth. Patience is a bedrock skill because it’s not so easy to settle on 1 or 2 new clients a day when you want 1000. This is why you must first execute and then maintain the stamina and consistency that will lead you to your end goal. 

Plain and simple, you won’t get to 1,000 customers without first getting 1 or 2. Be fully committed to building that strong foundation, and do not entertain half measures. There is no easy path to running a strong and successful business, but it can be simple… as a famous footwear brand like’s to say, “just do it.”

3. Resilience

When you’re an Entrepreneur everything stacks up on your shoulders, or at least it can often feel that way. Learning how to deal with these challenges with resilience will be one of the most important tools that you can employ to see success. 

Take a personal inventory and be honest with yourself;

  • Are you letting other colleagues’ or family members’ feelings of doubt get to you?
  • Are external circumstances holding you back, or are you getting in the way of yourself?
  • Are you letting small bumps derail the entire train because it’s easier than facing the larger issues at hand?

Now ask yourself these questions;

  • Can I leverage those negative thoughts from others or myself to create execution?
  • Can I create systems to avoid focusing on the external and focus on the factors that I can control? If so, what are the exact rules that will allow me to do this?
  • Am I focused on drama or my end goal?

Life doesn’t stop when you become a business owner. Learning how to leverage your self-doubts and turn them into motivation will be a key ingredient to your success. In order to do this, you’ll need to set rules of engagement for the small things that take a majority of your time. Take an inventory of your biggest problems and set rules for how to avoid them at all costs.

You’ll have to face challenges no matter what you go through as an entrepreneur and resiliency will help. Remember that resilience isn’t about how many times you can get punched in the face, it’s about being able to bounce back when you do. Figuring out how to dodge those blows in the first place will allow you to create capacity for resilience when the odd one lands and you’ll be able to regain your balance more quickly.

“It’s your reaction to adversity, not adversity itself that determines how your life’s story will develop.” ― Dieter F. Uchtdorf

4. Context

Why do we bother with it in the first place? When you’re a few weeks, months, or years into business this question can rear its nasty head.

The abstract, top-down, macro view is that all of us are only here for a short time. You realistically have 20 to 30 years in your life to really push yourself, and many people get a small taste of success and become complacent in their vision.

Remembering why you started in the first place and the difference that you make for your clients, employees and the world around you are all important to be reminded of. A daily practice I use is to look at client testimonials in those moments when I’m losing my way. They help me find my true north again.

5. Continual Growth

In order to see success year after year and not fall into that complacency that I talked about, you have to embrace continual growth. As you reach milestones that your past self has set for yourself, you’ll feel a sense of accomplishment that’s necessary for continual growth. 

Certainly, you can take time to celebrate reaching your goals, and you should, but it’s important to be able to experience those moments year after year and the only way to do that is through setting new goals as you accomplish the old ones. 

That means taking time to look at what will push you and your business to higher heights and continually being willing to embrace new and different levels of discomfort.

Growth promotes growth unless you allow yourself to become complacent. Stand by your choices, and be willing to step into the unknown. Jump off the cliff and figure out how to build your parachute on the way down. These risks will take you to the places you’ve dreamed about, and that is the journey with the best rewards.

Lastly, find the love in the journey

With all of this said, you won’t see success unless you learn to love the journey. The ups and the downs. Embracing and celebrating the successes and the newfound ability to accomplish the things you’ve wanted to must be embraced as much as the miserable parts. You can look at your shortcomings as failures or as opportunities to grow. And if you don’t fall in love with growth, you won’t fall in love with the journey. 

When you show up every day to put in the work, you are stepping into discomfort. So if stick to your toolset and remind yourself why you are suffering every day by clearly seeing your bigger vision, and you will achieve the success you dream of. You can find a lot out about yourself through misery, and you have the chance to find something amazing.  

Stamina, execution of business strategy, resiliency, accepting and enduring temporary pain… these will all lead you to question “why am I doing this?” That is often the toughest part, and if you can find the answer and execute on actionable steps that move you forward, you will move on to bigger challenges. With bigger challenges, comes more success and the cycle repeats so long as you remember why you chose this path in the first place.

Kale Goodman has been a serial entrepreneur since starting his first business in 2006. Kale owns five businesses that collectively produce in the eight figures. He is the CEO and the co-founder of Easier Accounting. He and his partners are on a mission to change the standard of small business accounting. His businesses are second only to his true love and passion which is his family. Kale is a devoted husband and father of five children. His greatest goal is to become the best version of himself and believes the best gift he can give his children is to lead by example.

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Entrepreneurs

10 Lucrative Buy and Sell Businesses to Start in 2024

The buy-and-sell business model provides opportunities across many niches

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Businesses to start in 2024

In the dynamic landscape of 2024, starting a business that capitalizes on buy-and-sell models can be incredibly lucrative. This article explores ten different models that entrepreneurs can consider. These ventures range from real estate flipping to trading in domains and luxury items, providing a broad spectrum of opportunities regardless of your initial capital or interest area.

1. Car Flipping

Flipping cars can be a very lucrative business venture for an individual with business acumen, an eye for value, and mechanically adept at cars. It involves buying under-priced cars, restoring, and selling them for a profit. For deeper insights and opportunities in this market, refer to sca.auction.

2. Real Estate Flipping

Flipping real estate—be it houses, condos, or even commercial properties—remains pretty solid business, especially in markets where real estate values are on the way up. Investors buy properties relatively low, do rehab or renovation, then sell at a profit.

The success of the area is endowed with a huge potential spotlight, the ability to juggle various elements such as local real estate market knowledge, and efficient management of renovations.

3. Vintage E-commerce

With the advent of technology, it became easy to sell vintage or retro items over the online selling platform. Be it clothes, furniture, or even collectibles, consumers these days prefer something unique that is eco-friendly and which may have a nostalgia quotient in it. Hence, it brings the opportunity to open an e-commerce shop effectively.

4. Domain Flipping

If you have the skill to predict catchy phrases or business names that would be popular in the future, then buying and selling domain names would be a very profitable business. Register prices are available to purchase domains, which later can be sold at high prices to interested parties or businesses that wish to get an early online identity.

5. Luxury Items

One of the most promising buy-and-sell businesses is the luxury market, and what makes it very attractive is its less sensitivity towards economic downturns. Some of the common items in the luxury market include high-end watches, jewelry, and art, rare cars, all with high yields. Most times, items do appreciate, especially when they are limited editions.

6. Sports Memorabilia

While the sports memorabilia trading business can at times seem lucrative, especially when one focuses on big personae or big events, authenticity and rarity can definitely help items fetch top dollar. Provenance and limited supply both go towards inflating their values.

7. Sneaker Reselling

In recent years, the sneaker resale market has exploded, fueled by a commodity of scarce releases and athletic brand collaborations with a list of celebrities. Today, with operations such as StockX and GOAT, it’s really that easy to break into the worldwide market. It’s pretty easy to find your buyers and make a very good profit if you’re targeting the right trend and releases.

8. Book Flipping

Flipping rare and first editions can become a really meaningful, and yes, one more profitable, business for a book lover. Sometimes the signed ones, rare manuscripts, or those early editions of famous novels could sell for thousands of dollars, usually done by collectors or academic institutions.

9. Furniture Upcycling

Upcycling furniture consists of restoring and using second-hand furniture to sell it at a higher price. For the environmentally aware consumer, this business model has great appeal. It could be pretty profitable if done with good taste and talent in design and restoration.

10. Electronics Flipping

Smartphones, tablets, and laptops resell at values significantly high; hence, business ensues. Buy, refurbish, and sell in better condition to appeal to budget-minded consumers looking for technology at more affordable price points. 

Overall, The buy-and-sell business model provides opportunities across many niches. Be it real estate flipping or vintage item upcycling, you can succeed in both models with market understanding and trend application. That, with careful planning and strategic investment, will throw huge financial returns for these business models in 2024.

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Entrepreneurs

How Your Business Can Outmaneuver Your Competitors by 85%

Did you know that companies that master big data can outmaneuver competitors by 85% in sales

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big data strategy

Did you know that companies that master big data can outmaneuver competitors by 85% in sales and more than 25% in gross margins? Sounds inspiring, right? But the thing is that data alone isn’t enough. Rather, it’s the strategy behind it that unlocks these enviable boosts. So, this article explores how to make the most out of your big data and build a strategy that’s functional and competitive. (more…)

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Entrepreneurs

Most Entrepreneurs Fail to Do This and It’s Killing Their Success

Celebrating progress also provides entrepreneurs with the psychological sustenance needed to endure the marathon of building a business

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celebrate your milestones

The journey from a mere concept to a tangible reality is one of the most exhilarating yet challenging paths an entrepreneur can navigate. This odyssey is punctuated by milestones that stand as testaments to perseverance, innovation, and relentless hard work.  (more…)

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Entrepreneurs

9 Ways Augmented Reality Gives Your Business a Competitive Edge

By embracing AR technology, companies can unlock new opportunities for growth, innovation, and success

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augmented reality in business

Leveraging Augmented Reality for Business Advancement: Exploring Applications

In the ever-evolving landscape of business innovation, Augmented Reality in business emerges as a transformative force, reshaping traditional paradigms and unlocking new opportunities for growth and advancement.

Through a comprehensive examination of AR’s capabilities, applications, and business benefits, this article serves as a roadmap for enterprises seeking to harness the full potential of augmented reality to propel their success in the digital age.

UNI.Agency as a forefront developmental agency tailors unmatched digital products and immersive experiences. They help companies outperform their competitors and customers’ expectations. And now, there is time to delve deep into the AR realm.

Gaining Insight into Augmented Reality

From revolutionizing customer experiences to optimizing operational efficiency, AR in retail is poised to drive significant advancements in how businesses operate and engage with their stakeholders.

Augmented Reality (AR) seamlessly integrates digital information and virtual objects into the real-world environment, offering users an immersive and interactive experience through devices like smartphones or AR glasses.

It revolutionizes various industries, from entertainment to healthcare, by enhancing perception and creating innovative opportunities for engagement and exploration in the digital era. AR not only enriches our understanding of reality but also opens up new possibilities for creativity, communication, and problem-solving, making it a powerful tool for businesses seeking to enhance customer experiences and streamline operations in an increasingly digital world.

Differentiating Augmented Reality and Virtual Reality

Augmented Reality (AR) overlays digital elements onto the real world, enhancing the user’s perception of their environment. Virtual Reality (VR), however, immerses users in entirely virtual environments, blocking out the real world. There are some core differences between these two technologies in gear and display approaches:

  • AR enriches reality with digital information, while VR creates entirely immersive virtual experiences.
  • AR typically requires less specialized hardware, like smartphones or AR glasses, while VR often involves dedicated headsets.
  • AR is commonly used for enhancing real-world experiences, such as in gaming, retail, and navigation, encouraging augmented reality shopping. Whereas VR is primarily employed for immersive simulations, training, and entertainment in fully virtual environments.

The Influence of AR on the Customer Experience Journey

As of 2024, Augmented Reality (AR) has evolved into an indispensable tool across various sectors, offering immersive and interactive experiences that seamlessly blend digital elements with the real world.

Stimulating Interest

Augmented Reality (AR) captivates customers by offering visually engaging experiences that spark curiosity and intrigue, enticing them to explore products or services further.

AR’s ability to overlay digital content onto the real world creates an immersive and attention-grabbing experience, drawing customers in and igniting their interest.

Educating and Empowering Users

AR in business empowers users by providing interactive and informative experiences that educate them about products, services, or concepts in a visually compelling manner.

Through AR, customers can interact with virtual models, animations, or informational overlays, gaining a deeper understanding of the features, benefits, or use cases of the offerings.

Exploring Further Depths

AR encourages customers to delve deeper into products or services by offering immersive and interactive experiences that go beyond traditional marketing materials.

By allowing users to explore virtual representations of products in real-world contexts, AR in retail provides a unique opportunity for customers to visualize how offerings fit into their lives, fostering deeper engagement and understanding.

Business Benefits of Augmented Reality

Businesses utilize AR for diverse applications, including product visualization, virtual try-ons, and enhanced customer engagement. In education, AR transforms learning experiences by providing interactive simulations and visualizations.

Additionally, AR has become integral to industries such as healthcare, where it facilitates surgical training and patient education. With advancements in AR technology and widespread adoption, it continues to shape how we perceive and interact with our environment, ushering in a new era of innovation and connectivity.

Let’s look at why AR has become so indispensable as a business tool nowadays.

Revolutionizing Training Methods

AR in business transforms training by offering immersive, interactive simulations that replicate real-world scenarios, enhancing employee learning and skill development.

It’s lucrative for hands-on training experiences. Since there’s no need for physical equipment or environments, reducing costs and logistical constraints while improving knowledge retention and performance.

Boosting Productivity Levels

Augmented Reality in business boosts productivity by providing real-time access to information and guidance, allowing employees to complete tasks more efficiently and accurately.

Through AR-powered tools and applications, workers can streamline workflows, troubleshoot issues, and collaborate effectively, resulting in increased output and operational efficiency.

Implementing Dynamic Marketing Approaches

AR enables businesses to implement dynamic marketing strategies that captivate and engage audiences in unique ways.

By integrating AR into marketing campaigns, companies can create interactive experiences that drive brand awareness, customer engagement, and sales conversions, setting themselves apart in a crowded marketplace.

Fostering Product Development

Augmented reality and marketing foster innovation in product development by facilitating virtual prototyping, design iterations, and collaborative decision-making.

With AR, teams can visualize and test product concepts in 3D, gather feedback from stakeholders, and make informed design decisions faster, leading to faster time-to-market and more successful product launches.

Creating Tailored Customer Experiences

AR creates personalized customer experiences by allowing users to interact with products and services in customized ways.

Through AR-enhanced applications and experiences, businesses can tailor content, recommendations, and promotions to individual preferences and behaviors, enhancing customer satisfaction and loyalty.

Amplifying Brand Recognition

Augmented Reality shopping amplifies brand recognition by providing memorable and shareable experiences that leave a lasting impression on customers.

By incorporating AR into branding initiatives, companies can create immersive brand experiences that spark conversations, increase social media engagement, and strengthen brand loyalty, ultimately driving business growth and success.

Final Thoughts

In conclusion, Augmented Reality in business stands as a transformative force, offering a multitude of benefits across various aspects of operations. From revolutionizing training methods to boosting productivity levels, AR empowers businesses to thrive in an increasingly competitive environment.

By embracing AR technology, companies can unlock new opportunities for growth, innovation, and success, while delivering immersive and engaging experiences that resonate with customers and stakeholders alike.

As AR continues to evolve and integrate into everyday business practices, Uni will incorporate the best practices to promote business advancement and drive meaningful change for the clients. We’re to shape the future of commerce to your benefit.

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