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7 Bad Habits Every Entrepreneur Should Fix Right Now

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You came here just to make sure you don’t have any of those bad habits. Didn’t you?

But, to be honest with you, it doesn’t matter whether you have them or not. Most entrepreneurs do have them. But the good news is they’re extremely easy to fix.

Here are 7 bad habits that need to be fixed if you’re an Entrepreneur:

1. Not being patient

A lot of bad things can happen from being impatient. Here are a few examples:

  • Miss something important because you don’t have time to double check
  • Make stupid mistakes because you’re always in a hurry
  • Make bad decisions because you want to get it over with
  • Ruin your relationships with people because you speak without thinking

Those are just a few consequences. Hopefully I won’t need to mention anymore to convince you being impatient is bad.

Solution: Slow down, take a deep breath, think, then act. Remember that working too fast is actually counterproductive and will waste more time in the long run.

“Patience, persistence and perspiration make an unbeatable combination for success.” – Napoleon Hill

2. Not listening

You’ll get more value from listening than talking. If you want to stay on top of your game you need to keep learning. And a great way to keep learning is to start listening. Not listening to what others say can cause you to miss out on a lot of important ideas and lessons.

Another advantage of listening is being able to solve customers problems. You can’t solve customers problems and create good products if you don’t listen to what your customers are saying. Most of the time they won’t tell you what they want. You’ll have to figure that out based on their deeper desires. And you can’t figure out anything if you don’t listen.

Solution: Listen to what people have to say. You never know, the next big idea could come from an 8 year old kid.

 

3. Lack of sleep because you’re busy

Sleeping is one of those things that you have to have time for. You can’t choose not to sleep. Personally, whenever I get my 8 hours of sleep, I perform much better than a night I sleep 7 hours on. In reality, staying awake that extra hour is a total waste of time.

Solution: Go to sleep. Sleep 8 hours. Schedule an 8 hour sleep slot in your calendar.

 

4. Thinking short term

This one results from impatience too. You want to make a quick buck. You just can’t wait. You want everything to happen now. So you work for now and forget the future. Instead of investing into something that pays you x100 in 10 years. You’re satisfied with the quick x2 ROI.

But here’s the thing, if you think short term, you’ll be in business for a really short term. Because while your competitors are working towards the future and with a potential of making millions or even billions of dollars, you’re sitting there worrying about a few thousand dollars that won’t last you another year.

Solution: Always look at things in the long term. Look ahead. What would the future look like?

 

5. Working without a direction

Working without a goal and plan is like shooting then aiming. You need to know your target, aim, then shoot. That means you need to know your goal, have a plan, then execute. There’s no need to write a massive 30 page plan. 1 page is enough, sometimes even less. When you work with no direction, you get nowhere. Eventually you’ll run out of fuel because you ended up in the middle of the desert with no map.

Solution: Identify your goal, create a plan, execute the plan. What do you want to achieve in the next 3 months? What steps will you take to achieve your goal? Now go and execute your plan in that time frame.

 

6. Taking unnecessary risks

Taking risks is good. It’s essential. Starting a business is full of risks. So you have no choice but to go through risks. However, taking risks that you don’t need to at all is plain stupid. I remember back in the day when I thought taking crazy risks was cool and everybody else were just cowards. Result? I failed badly, they didn’t.

While they spent a few days on research and setting things up. I’d just jump right in. Is that really what successful entrepreneurs do? No, all of them launch an MVP, test the market, do their homework, and are careful. The “go and take risks” advice is for people who are really scared to take risks. People scared to leave the 5-9 job. Not for adrenaline junkies. Adrenaline junkies will just translate that advice into “go and make a few suicidal moves.”

Solution: Take calculated risks. Test the market bit by bit.

 

7. Not Creating a Scalable System

Are you really an entrepreneur or a freelancer?

The difference is, entrepreneurs build businesses that can thrive without them physically being present. On the other hand, freelancers build businesses that can’t survive without them. Of course, there’s nothing wrong with being a freelancer. But, if you really want to call yourself an entrepreneur you need to build something that doesn’t need you.

Solution: Create a system that doesn’t depend on you. You can present yourself as the founder & CEO of a brand, but never become the brand itself. Unless you want to be a freelancer of course, then that’s fine. But, if you don’t then please separate your personal brand and your business brand – don’t mix them up.

“The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” – Peter Drucker

Don’t just hit the back button now. It’s time to take action. You’ve already shown interest in improving yourself. Now go do it. Get your notepad out and create a plan for change. It’s either now or never.

Do you remember the blog post you read last week? Did you act upon what it taught you? If you’re going to do the same thing with this one, then don’t expect your life to change either.

Which bad habit is destroying you? Please leave your thoughts in the comment section below!

Zak Mustapha is a marketer and the founder of Foolishness File on a lifelong mission to help entrepreneurs learn from other entrepreneur’s mistakes so they can advance faster than others. Download his free eBook: 3 Common Marketing Mistakes You Can Stop Making Today to Humanize Your Brand.

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4 Comments

4 Comments

  1. Joel S.

    Oct 24, 2016 at 2:45 pm

    Good points. The one about patience really resonates with me. Haste DOES make waste, and if you try to put the cart before the horse, then you’re not going to get to far — and you’ll look pretty silly in the process!

  2. Adam

    Aug 7, 2016 at 5:16 am

    Great read! Just need to work on my patience and goals.
    My system is very duplicatable! Team of 250 in 3 months!
    Pretty proud of myself! Love this biz!

  3. Akash

    May 5, 2016 at 10:07 am

    Great Article Mustapha.
    Slpeeing less is really a bad habit, i suffered with my memory when i stuck to it.
    Thanks for sharing wisdom.

    • Zak Mustapha

      May 14, 2016 at 2:04 pm

      Hey Akash,

      I’ve been there too. Whenever I started sleeping, I ended up doing more than when I stayed up for that extra 2 hours.

      Thanks for your comment.

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Entrepreneurs

8 Obvious Signs You Were Built for Entrepreneurship

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entrepreneurship

Entrepreneurs are not born but they cultivate the skills of entrepreneurship within them. To be an entrepreneur, you have to be passionate, resilient, tolerant to ambiguity, have vision, flexibility, believe in yourself and be a rule breaker. These are just the few indications that an entrepreneur is growing inside you.

Here are a few unexpected signs that will surely help you in deciding whether you should go for entrepreneurship or not:

1. You are not easily contented

Normal people think of how to celebrate their victory after achievements but entrepreneurs think “What’s Next?” They are always restless and never satisfied with their achievements. They always crave for something new and are ready to take on new challenges.

2. You are a control freak

Entrepreneurs always love to be in charge of their work but at the same time, they need to maintain the balance between controlling business and letting the talented people around take the reins. If a person likes being in charge and can easily convince people to follow their vision, then they can be a good entrepreneur.

3. You are a born risk-taker

Nothing high can be achieved without the risk. Hence, entrepreneurs are calculated risk takers. If you love risk, entrepreneurship is likely going to be a great fit for you.

“Do one thing every day that scares you.” – Eleanor Roosevelt

4. You like making your own money

A desire that you pay yourself for the accomplishments is a clear calling card of an entrepreneur.  Entrepreneurs start with working for other people’s ideas for a fair salary, but after getting fed up they start their own business and work on their own ideas.

5. You don’t fit in the crowd

Successful entrepreneurs don’t lead a normal life. They are mostly drop outs, quit lucrative jobs, and do silly things simply because they want to live a life on their own terms. If you are a black sheep and always eager to do something out of the box, then entrepreneurship is your catch.

6. You are an introvert

Entrepreneurs are introverts and hence they recharge themselves in the best way by being alone. Being introverted means that you are more of an “ideas” person and are great at fostering a team environment. There are always certain entrepreneurial advantages that come from being an introvert.

7. You are passionate

Being a successful entrepreneur is not an overnight success. From lack of customers to profits, one has to face everything. Without an undeniable passion for your work, it will be very difficult to cross all the disappointments and hard times ahead. Pick any successful entrepreneur and you will find their passion for their work is the key to their success.

For once, let’s take the example of Atul Gupta, an Indian Born South African businessman who even after many failures in his starting days of business is currently the owner of almost all the sectors, be it mining industry, media industry in South Africa. His passion is the answer to all his failures and his competitors.

“You can’t fake passion.” – Barbara Corcoran

8. Confidence is your success mantra

Entrepreneurs always believe in their abilities and know that they can succeed, but they need to sell their idea and lead a team. In many cases, confidence goes a long way in each of these pursuits.

There are many different personality traits that help entrepreneurs become successful, and these are just a few of the possibilities. If you find any of these listed descriptions being relatable, it’s likely that you’re destined for work as an entrepreneur. Don’t wait any longer. Get out there and change the world!

How do you plan on changing the world? Tell us your dreams in the comments below!

Image courtesy of Twenty20.com

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Entrepreneurs

Before You Start A Website, Read This.

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Starting A Website - Blogger

Let’s face it, many of us would like to build something of our own. Maybe it’s a community, a platform, a brand, a charitable cause. No matter what you want to build, you’ll need an online presence.

Last week, I caught up with an infamous blogger whose passion it is to support equality amongst the gay community.

This conversation felt like dejavu. I seem to be getting a lot of people ask me about starting an online presence for the first time. Sadly, almost everyone I meet goes about it the wrong way. I too, just like you, had to go through this process once upon a time, so I’ve got some super cool, very simple tips that will help you.

 

Should you start with a website or something else?

This is the very first question you should ask yourself.

Benefits of a website:

You own it.
You control the look and feel of the site.
You can capture subscribers and get their email address.

 

Downsides of starting a website:

No one will find it initially.
You need basic skills to code it, or you must go back and forth with a web developer.
It takes time to build so you may give up too soon.
Maintaining it takes effort.

So there are pros and cons to having a website. In my situation, I got lazy and knew that I would give up if there were too much of a barrier to entry. I chose to do what I’m going to recommend next.

 

Consider leveraging someone else’s website or blog.

I’m one of those people that is not technical and just wants to get started because I know I’ll procrastinate if I don’t.

I chose to leverage someone else’s website which already has a massive following. I chose to join Addicted2Success and use there more than 3 million followers to find my voice. This a great option for you too.

 

Just getting started helps you find your way.

In the beginning, it’s hard to know what direction you will take. Your message, your voice, the topics you focus on, the people you work with, will all change. I found it best to get these things sorted out first before starting my own website.

As I’ve created content, I’ve narrowed in on the topics I write about which are now personal development and entrepreneurship. I’ve finally found my voice which is simple, a tad sarcastic, a little bit funny (says me LOL), extremely vulnerable, and again, hopefully authentic.

Using someone else’s platform works well before you start a website.

 

Social Media is challenging: here’s why.

In my experience, using most social media platforms to start now is one of the hardest ways. It’s not impossible; however, it has got a bit harder.

“The trick I’ve found if you want to start exclusively using social media is that you need to get on a platform early before the organic reach is destroyed”

Organic reach = the ability to have your content shown to people without the need to pay.

The other downside with most social media platforms nowadays is that you can only communicate with your followers through posts. Who gets to see these posts is heavily influenced by what’s good for the social media platform and not what’s good for you. Your creative freedom can be limited.

You also should keep in mind that on a social platform you don’t control the design or user experience whereas you do when you own your own website.

 

Now onto SEO.

SEO stands for Search Engine Optimization.

In the old days, this was a big thing if you were thinking of starting a website. Now, it still matters although the game is changing. SEO came about because of Google and people using search engines. A lot of searches are not happening on Google anymore.

Here’s what’s changed:

People use Amazon to search for products.
People use Instagram to find things like restaurants because they can see pictures beforehand.
People find people using Facebook.
People find professionals through LinkedIn.
People enjoy video through SnapChat and Instagram Stories.

As you can see, there are now way more targeted places to search for things. When creating a website, one of the ways it will be found is through Google. There’s a lot of competition to appear and money is often required. It’s no longer so much about keywords, and more to do with the value you bring to a potential user. Measuring this value is becoming increasingly complicated.

 

One approach to consider before starting a website.

Find a platform you love.
Start on that platform first in any capacity you can.
Refine all the elements that make up the one big thing you want to start.

Once you get some traction in the form of followers and engagement, set up a landing page.

Landing page: a single website page that only has one button you can click.

Use this landing page to capture subscribers and begin the early stages of a website. When you feel you have reached the tipping point and you’re regularly getting what you set out to do, then, maybe think of starting a website.

 

Remember this.

Having a website means nothing if people can’t find it.
Having a website means nothing if you are not adding value.
Having a website means nothing if it’s not updated and looks terrible.
Having a website means nothing if you are not in it for the long game (years).

Don’t be so quick to want to set up a website. Really think about what you are trying to achieve. Consider your options and focus on the simplest path forward to finding your passion, your why and the way you can add value to everyone on this planet. Once you’ve nailed all of these, then maybe think about a website.

Alternatively, ignore everything I’ve said and you may find yourself right back where you started, quicker than you think (months even).

 

Instant gratification is the challenge.

“One reason people give up on their beloved website so easily is because we live in a culture that craves instant gratification. If we don’t see one hundred followers on the first day like our cousin Emmanuel, then we think we’ve failed”

 

What I’ve learned through this same process is that the early stages are quiet. Not much seems to be happening in the beginning. That’s because like I said before, you’re still finding your voice. You’re not going to be 100% congruent with all of the elements of your vision until you’ve got some runs on the board and seen what works.

That’s okay. Don’t make the world pity you; make the world see what you have to give through taking action for more than a short period of time.

 

A website doesn’t make you a baller.

There seems to be an element of ego attached to having a website.

“Let me break the bad news to you Johnny: Anyone can start a website and you’re not superior for owning one”

So now we’ve got that out of the way, focus again on what you can do for all of us who may become a follower of your mission. Find ways to inspire us all. That’s what makes you a baller.

 

Authentic and real trumps all (sorry I said the word trump).

Whichever direction you decide to take, know that more than any single element, telling a real story that is authentic will help you the most. People are tired of fake. A website that has a fake founder or a fake message is boring. We’ve seen it all before and no one is tuning into that station anymore.

 

Be different instead of better.

If I had a dollar for every person that told me they want to interview entrepreneurs, I’d be a billionaire. Doing what everyone else is doing and trying to be better doesn’t work. It’s hard and when times get tough, you’ll give up.

Instead, get inspired by something you love and do it differently. If you want to interview entrepreneurs, then maybe do it with your iPhone while riding around on a motorbike in different cities. Maybe dress up in a 1980’s tennis outfit and interview your beloved entrepreneur.

Just do the online thing in your own unique way without trying to be like all the wannabes. That’s how you stand out and have your own website one day that does get noticed.

 

Let’s wrap it up so you can get to work.

There are multiple options to consider before starting a website. Having a website is not the only way to build something of your own. You can use social, try a landing page or leverage someone else’s platform first.

A website is not a big deal anymore. Who you are, what you have to say and the value you bring is what matters – not your website.

If you want to increase your productivity and learn some more valuable life hacks, then join my private mailing list on timdenning.net

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The 5 Most Effective Productivity Hacks for a Busy Entrepreneur

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busy entrepreneur

Technology is both sinner and saint. The Internet and its mobile cousin, the smartphone, have given us incredible gifts: unlimited knowledge at our fingertips and a reach greater than the Pentagon had just 40 years ago.

Despite this, our lives seem to be getting harder and more stressful.. We have become so dependent on technology to the point where it’s become the opposite of what it set out to do – make our lives better. It’s certainly more convenient, but for many people, it’s become an addiction. And no addiction is good.

Numbers don’t lie

According to a national survey from TeleNav, here are some statistics to think about.

  • 66% of smartphone users said they sleep with their phone next to them.
  • 21% of respondents would give up their shoes for a week instead of their phone.
  • 21% of iPhone users said that they would rather go a week without seeing their significant other than give up their phone
  • 34% of iPhone users regularly check their email at the dinner table.

So we have a problem and the first step to fixing a problem is acknowledging you have one. The second step is going to work on it.

Here are five productivity hacks that are surprisingly simple, and yet incredibly effective. It’s not a question of if they’ll work for you and your unique situation, but how many of them will you actually put into use.

1. The email trap

This is something a friend learned from Brendon Burchard’s High Performance Academy and was kind enough to share it with me. Want to be 30% more productive today with almost no effort? Stop looking at your email in the first 60 minutes of the day. 90% of people wake up, grab their phone, and check their emails. By doing this, you let other people’s needs and wants dictate your life.

2. Health

Tony Robbins would talk about this back in the 80s with his late-night infomercials, and it’s something he’s gotten even more passionate about as new information is uncovered in the fields of nutrition and neuroscience. Health can be divided into three separate areas: Food, water and stretch.

Food is fuel for your body. You wouldn’t put cheap oil in a Ferrari, so why do people eat fast food? Because they want something quick that fills them up. I get it, and from time to time it’s no big deal, but you want to have a well-balanced diet full of vegetables, fruits, fish, chicken, and pork.

Hydrating, aka drinking water, is one of the fastest productivity hacks around. Every high-performance coach talks about it. Instead of drinking alcohol, coffee, soda, switch to water. Within a week, you’ll feel a difference in how you feel. You’ll have more energy, sleep better and more productive than ever. Try it and see.

We all know the benefits of exercise, so why is it we find every excuse not to do it. A work-out takes time, you sweat, you feel tired and it can be downright depressing to see how out of shape you are when you haven’t exercised for a long time. Stretching, on the other hand, is quick and easy. No heavy lifting. Just 10 minutes to get your body limber will go a long way to feeling better. Your body will thank you.

“Love is not as important as good health. You cannot be in love if you’re not healthy. You can’t appreciate it.” – Bryan Cranston

3. Oxygenate your body

If you want to give your body a boost then breathe. Not unconsciously, like we all do but consciously like people doing yoga. This takes less than five minutes and you’re good to go. Athletes such as swimmers, runners, and karate fighters understand the power of breathing better than anyone, and how it is a critical component of success. The best part, it’s easier than ever to train yourself to breath better with the help of apps such as Breathe2Relax, Pranayama, Breathing Zone and Relax: Stress and Anxiety Relief.

4. Confirmation email

This was taught to me by my mentor back in my late twenties and it transformed how I dealt with coworkers. We often think that the greatest pull on our time are clients, but what is often overlooked is the frenemy. Colleagues that are seemingly on your side, but are taking advantage of your time and energy.

We have all met them before. They are the ones who pawn off their most difficult, challenging tasks to others. They appeal to people’s kindness and ask them if they can “help” them with something. What they often mean is, “Can you do it for me?” But they know that doesn’t fly so they resort to sneakiness.

When I first learned the technique of the confirmation email, I could hardly believe my eyes because tasks that had been thrown in my lap and taking up much of my time, suddenly vanished. People eventually stopped asking me to help them, because they couldn’t be bothered.

Car salespeople have an expression for these people: tire kickers. In business, to weed out the serious from the not so serious, just ask them to put their request in an email. It’s amazing just how powerful this technique can be.

We cannot waste time. We can only waste ourselves.” – George Matthew Adams

5. Chunking

My personal favorite productivity hack, and the one I have my clients implement immediately because it’s just so easy. Essentially it’s doing two tasks at the same time, but no, I’m not talking about multitasking. Multitasking is dividing your energy between two or more tasks, which is counterproductive. Chunking is combining two activities together that don’t detract from the other.

Here are some examples of chunking that work for me:

–      Having a meeting while walking

–      Stretching while watching TV

–      Doing breathing exercises while sitting in front of your computer

–      Listen to an audio program while driving

And there you have it, the five most effective productivity hacks for the busy entrepreneur. Easier than you think, more powerful than you realize.

Which one of these was your favorite productivity hack? Let us know in the comments below!

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5 Ways College Grads Can Embrace Entrepreneurship

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It’s never too early to pursue your dream of becoming an entrepreneur, yet when you graduate college, you might feel like you’re not quite ready to jump fully into an entrepreneurial endeavor. Perhaps you feel like you don’t have enough experience, or perhaps you’d just like to get a more conventional job and save a little bit of money first.

Perhaps you’re already anxious to start your first business and you can’t wait to get it going. Whatever the case, you can lay the groundwork for your entrepreneurial endeavors early on.

Below are 5 ways new college grads can embrace entrepreneurship:

1. Get a Sales Job

No matter what line of work you’re in, you’re selling something. You’re selling yourself as well as whatever product or service you represent. This is especially true as an entrepreneur. If you don’t know how to sell, you’ll probably have a rough go of it at the beginning and selling definitely doesn’t come natural to everybody.

As a result, you could benefit from getting a sales job early on in your career. This will help you learn the ins and outs of sales, get comfortable with sales rejection, and learn how to persuade people.

If you already know what type of business you want to start, then aim to get a sales job in that industry. This will be even more powerful for you later on since sales is a grind. Nonetheless,everything you learn in the sales job will help you be a more successful entrepreneur later on.

2. Work at a Small Startup

It’s one thing to work at a big company where you feel like nothing more than a cog in a giant machine. It’s a whole different experience to work in a small startup where you interact with leadership everyday and can see how the business runs.

This will give you the opportunity to ask questions, learn from the triumphs and mistakes of the leaders, and see a type of management style up close.

When you start your own company, you’ll be able to see the bigger picture. You can see things from the point of view of your employees as well as your own point of view as a CEO/founder type of figure.

“Just try new things. Don’t be afraid. Step out of your comfort zones and soar, all right?” – Michelle Obama

3. Learn Other Marketable Skills

As an entrepreneur, you need to have a general understanding of a lot of different skills such as copywriting, design, marketing, management, and sales. That way, when you eventually hire for those positions, you’ll know how to spot a potential rockstar employee who has the capacity to do a good job.

Spend some time learning marketable skills, and especially those that are related to the industry you’re most interested in. These skills may even help you get a freelancing gig, which we’ll talk about next…

4. Consider Freelancing

It takes discipline to work and build something on your own. For some people, that discipline is more difficult to develop than others. So, you should consider freelancing online. This will help you get comfortable working from home, and give you the first taste of online success.

Freelancing can add a nice chunk to your monthly income as well, which increases your financial runway and gives you more time to get your eventual business up and running. It’ll also help you potentially make valuable connections within your future industry, which will help accelerate your entrepreneurial success.

5. Move to a City Filled With Entrepreneurs

It’s difficult to understand the lifestyle of an entrepreneur until you’re around it and see it for yourself. So, you should connect with as many entrepreneurs as possible. This will help you understand things from their perspective and get you acclimated with the lifestyle. It’ll also help you determine what type of business you should start.

Luckily, there are plenty of cities in the USA where entrepreneurship is growing rapidly. You can start with any one of these 7 US cities that are great for young entrepreneurs.

All life demands struggle. Those who have everything given to them become lazy, selfish, and insensitive to the real values of life. The very striving and hard work that we so constantly try to avoid is the major building block in the person we are today.” – Pope Paul V

The job market is more competitive than ever, and as a result, working for yourself as an entrepreneur is a smart long term move. It’s never too early to get started with your own entrepreneurial pursuits, even if you’re a new college graduate.

Whether you’re ready to start your first business right now, or you simply want to gain experience to jumpstart your career and lead yourself down a path towards entrepreneurship, these tips will help you make your goals a reality.

How are you making steps towards becoming your own boss one day? Let us know in the comments below!

Image courtesy of Twenty20.com

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The Best Way to Accelerate Your Success According to James Altucher

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James Altucher

I recently interviewed author and serial entrepreneur James Altucher and asked him a simple question:  What is the best way to accelerate success in any endeavor? To which James gave me a golden nugget. Or maybe 3 golden nuggets. He gave me what he calls the plus (+), equals (=), and minus (-) process and it blew me away. So simple yet so profound. (more…)

My name is Mani Vaya and I am the founder of 2000 Books where we publish summaries of business and self-help books for entrepreneurs. We also have a podcast where we interview today’s top business & self-help authors. We also have a youtube channel where we publish book summaries in video format. Before starting 2000 Books, I spent 13 years in High-tech industry rising from the ranks of a software engineer to managing Billion $+ cellphone project launches at a Fortune 500 company. Please find my company online at www.2000books.com . You can also find me on youtube at https://www.youtube.com/c/2000books.

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4 Comments

4 Comments

  1. Joel S.

    Oct 24, 2016 at 2:45 pm

    Good points. The one about patience really resonates with me. Haste DOES make waste, and if you try to put the cart before the horse, then you’re not going to get to far — and you’ll look pretty silly in the process!

  2. Adam

    Aug 7, 2016 at 5:16 am

    Great read! Just need to work on my patience and goals.
    My system is very duplicatable! Team of 250 in 3 months!
    Pretty proud of myself! Love this biz!

  3. Akash

    May 5, 2016 at 10:07 am

    Great Article Mustapha.
    Slpeeing less is really a bad habit, i suffered with my memory when i stuck to it.
    Thanks for sharing wisdom.

    • Zak Mustapha

      May 14, 2016 at 2:04 pm

      Hey Akash,

      I’ve been there too. Whenever I started sleeping, I ended up doing more than when I stayed up for that extra 2 hours.

      Thanks for your comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneurs

8 Obvious Signs You Were Built for Entrepreneurship

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entrepreneurship

Entrepreneurs are not born but they cultivate the skills of entrepreneurship within them. To be an entrepreneur, you have to be passionate, resilient, tolerant to ambiguity, have vision, flexibility, believe in yourself and be a rule breaker. These are just the few indications that an entrepreneur is growing inside you.

Here are a few unexpected signs that will surely help you in deciding whether you should go for entrepreneurship or not:

1. You are not easily contented

Normal people think of how to celebrate their victory after achievements but entrepreneurs think “What’s Next?” They are always restless and never satisfied with their achievements. They always crave for something new and are ready to take on new challenges.

2. You are a control freak

Entrepreneurs always love to be in charge of their work but at the same time, they need to maintain the balance between controlling business and letting the talented people around take the reins. If a person likes being in charge and can easily convince people to follow their vision, then they can be a good entrepreneur.

3. You are a born risk-taker

Nothing high can be achieved without the risk. Hence, entrepreneurs are calculated risk takers. If you love risk, entrepreneurship is likely going to be a great fit for you.

“Do one thing every day that scares you.” – Eleanor Roosevelt

4. You like making your own money

A desire that you pay yourself for the accomplishments is a clear calling card of an entrepreneur.  Entrepreneurs start with working for other people’s ideas for a fair salary, but after getting fed up they start their own business and work on their own ideas.

5. You don’t fit in the crowd

Successful entrepreneurs don’t lead a normal life. They are mostly drop outs, quit lucrative jobs, and do silly things simply because they want to live a life on their own terms. If you are a black sheep and always eager to do something out of the box, then entrepreneurship is your catch.

6. You are an introvert

Entrepreneurs are introverts and hence they recharge themselves in the best way by being alone. Being introverted means that you are more of an “ideas” person and are great at fostering a team environment. There are always certain entrepreneurial advantages that come from being an introvert.

7. You are passionate

Being a successful entrepreneur is not an overnight success. From lack of customers to profits, one has to face everything. Without an undeniable passion for your work, it will be very difficult to cross all the disappointments and hard times ahead. Pick any successful entrepreneur and you will find their passion for their work is the key to their success.

For once, let’s take the example of Atul Gupta, an Indian Born South African businessman who even after many failures in his starting days of business is currently the owner of almost all the sectors, be it mining industry, media industry in South Africa. His passion is the answer to all his failures and his competitors.

“You can’t fake passion.” – Barbara Corcoran

8. Confidence is your success mantra

Entrepreneurs always believe in their abilities and know that they can succeed, but they need to sell their idea and lead a team. In many cases, confidence goes a long way in each of these pursuits.

There are many different personality traits that help entrepreneurs become successful, and these are just a few of the possibilities. If you find any of these listed descriptions being relatable, it’s likely that you’re destined for work as an entrepreneur. Don’t wait any longer. Get out there and change the world!

How do you plan on changing the world? Tell us your dreams in the comments below!

Image courtesy of Twenty20.com

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Before You Start A Website, Read This.

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Let’s face it, many of us would like to build something of our own. Maybe it’s a community, a platform, a brand, a charitable cause. No matter what you want to build, you’ll need an online presence.

Last week, I caught up with an infamous blogger whose passion it is to support equality amongst the gay community.

This conversation felt like dejavu. I seem to be getting a lot of people ask me about starting an online presence for the first time. Sadly, almost everyone I meet goes about it the wrong way. I too, just like you, had to go through this process once upon a time, so I’ve got some super cool, very simple tips that will help you.

 

Should you start with a website or something else?

This is the very first question you should ask yourself.

Benefits of a website:

You own it.
You control the look and feel of the site.
You can capture subscribers and get their email address.

 

Downsides of starting a website:

No one will find it initially.
You need basic skills to code it, or you must go back and forth with a web developer.
It takes time to build so you may give up too soon.
Maintaining it takes effort.

So there are pros and cons to having a website. In my situation, I got lazy and knew that I would give up if there were too much of a barrier to entry. I chose to do what I’m going to recommend next.

 

Consider leveraging someone else’s website or blog.

I’m one of those people that is not technical and just wants to get started because I know I’ll procrastinate if I don’t.

I chose to leverage someone else’s website which already has a massive following. I chose to join Addicted2Success and use there more than 3 million followers to find my voice. This a great option for you too.

 

Just getting started helps you find your way.

In the beginning, it’s hard to know what direction you will take. Your message, your voice, the topics you focus on, the people you work with, will all change. I found it best to get these things sorted out first before starting my own website.

As I’ve created content, I’ve narrowed in on the topics I write about which are now personal development and entrepreneurship. I’ve finally found my voice which is simple, a tad sarcastic, a little bit funny (says me LOL), extremely vulnerable, and again, hopefully authentic.

Using someone else’s platform works well before you start a website.

 

Social Media is challenging: here’s why.

In my experience, using most social media platforms to start now is one of the hardest ways. It’s not impossible; however, it has got a bit harder.

“The trick I’ve found if you want to start exclusively using social media is that you need to get on a platform early before the organic reach is destroyed”

Organic reach = the ability to have your content shown to people without the need to pay.

The other downside with most social media platforms nowadays is that you can only communicate with your followers through posts. Who gets to see these posts is heavily influenced by what’s good for the social media platform and not what’s good for you. Your creative freedom can be limited.

You also should keep in mind that on a social platform you don’t control the design or user experience whereas you do when you own your own website.

 

Now onto SEO.

SEO stands for Search Engine Optimization.

In the old days, this was a big thing if you were thinking of starting a website. Now, it still matters although the game is changing. SEO came about because of Google and people using search engines. A lot of searches are not happening on Google anymore.

Here’s what’s changed:

People use Amazon to search for products.
People use Instagram to find things like restaurants because they can see pictures beforehand.
People find people using Facebook.
People find professionals through LinkedIn.
People enjoy video through SnapChat and Instagram Stories.

As you can see, there are now way more targeted places to search for things. When creating a website, one of the ways it will be found is through Google. There’s a lot of competition to appear and money is often required. It’s no longer so much about keywords, and more to do with the value you bring to a potential user. Measuring this value is becoming increasingly complicated.

 

One approach to consider before starting a website.

Find a platform you love.
Start on that platform first in any capacity you can.
Refine all the elements that make up the one big thing you want to start.

Once you get some traction in the form of followers and engagement, set up a landing page.

Landing page: a single website page that only has one button you can click.

Use this landing page to capture subscribers and begin the early stages of a website. When you feel you have reached the tipping point and you’re regularly getting what you set out to do, then, maybe think of starting a website.

 

Remember this.

Having a website means nothing if people can’t find it.
Having a website means nothing if you are not adding value.
Having a website means nothing if it’s not updated and looks terrible.
Having a website means nothing if you are not in it for the long game (years).

Don’t be so quick to want to set up a website. Really think about what you are trying to achieve. Consider your options and focus on the simplest path forward to finding your passion, your why and the way you can add value to everyone on this planet. Once you’ve nailed all of these, then maybe think about a website.

Alternatively, ignore everything I’ve said and you may find yourself right back where you started, quicker than you think (months even).

 

Instant gratification is the challenge.

“One reason people give up on their beloved website so easily is because we live in a culture that craves instant gratification. If we don’t see one hundred followers on the first day like our cousin Emmanuel, then we think we’ve failed”

 

What I’ve learned through this same process is that the early stages are quiet. Not much seems to be happening in the beginning. That’s because like I said before, you’re still finding your voice. You’re not going to be 100% congruent with all of the elements of your vision until you’ve got some runs on the board and seen what works.

That’s okay. Don’t make the world pity you; make the world see what you have to give through taking action for more than a short period of time.

 

A website doesn’t make you a baller.

There seems to be an element of ego attached to having a website.

“Let me break the bad news to you Johnny: Anyone can start a website and you’re not superior for owning one”

So now we’ve got that out of the way, focus again on what you can do for all of us who may become a follower of your mission. Find ways to inspire us all. That’s what makes you a baller.

 

Authentic and real trumps all (sorry I said the word trump).

Whichever direction you decide to take, know that more than any single element, telling a real story that is authentic will help you the most. People are tired of fake. A website that has a fake founder or a fake message is boring. We’ve seen it all before and no one is tuning into that station anymore.

 

Be different instead of better.

If I had a dollar for every person that told me they want to interview entrepreneurs, I’d be a billionaire. Doing what everyone else is doing and trying to be better doesn’t work. It’s hard and when times get tough, you’ll give up.

Instead, get inspired by something you love and do it differently. If you want to interview entrepreneurs, then maybe do it with your iPhone while riding around on a motorbike in different cities. Maybe dress up in a 1980’s tennis outfit and interview your beloved entrepreneur.

Just do the online thing in your own unique way without trying to be like all the wannabes. That’s how you stand out and have your own website one day that does get noticed.

 

Let’s wrap it up so you can get to work.

There are multiple options to consider before starting a website. Having a website is not the only way to build something of your own. You can use social, try a landing page or leverage someone else’s platform first.

A website is not a big deal anymore. Who you are, what you have to say and the value you bring is what matters – not your website.

If you want to increase your productivity and learn some more valuable life hacks, then join my private mailing list on timdenning.net

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The 5 Most Effective Productivity Hacks for a Busy Entrepreneur

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Technology is both sinner and saint. The Internet and its mobile cousin, the smartphone, have given us incredible gifts: unlimited knowledge at our fingertips and a reach greater than the Pentagon had just 40 years ago.

Despite this, our lives seem to be getting harder and more stressful.. We have become so dependent on technology to the point where it’s become the opposite of what it set out to do – make our lives better. It’s certainly more convenient, but for many people, it’s become an addiction. And no addiction is good.

Numbers don’t lie

According to a national survey from TeleNav, here are some statistics to think about.

  • 66% of smartphone users said they sleep with their phone next to them.
  • 21% of respondents would give up their shoes for a week instead of their phone.
  • 21% of iPhone users said that they would rather go a week without seeing their significant other than give up their phone
  • 34% of iPhone users regularly check their email at the dinner table.

So we have a problem and the first step to fixing a problem is acknowledging you have one. The second step is going to work on it.

Here are five productivity hacks that are surprisingly simple, and yet incredibly effective. It’s not a question of if they’ll work for you and your unique situation, but how many of them will you actually put into use.

1. The email trap

This is something a friend learned from Brendon Burchard’s High Performance Academy and was kind enough to share it with me. Want to be 30% more productive today with almost no effort? Stop looking at your email in the first 60 minutes of the day. 90% of people wake up, grab their phone, and check their emails. By doing this, you let other people’s needs and wants dictate your life.

2. Health

Tony Robbins would talk about this back in the 80s with his late-night infomercials, and it’s something he’s gotten even more passionate about as new information is uncovered in the fields of nutrition and neuroscience. Health can be divided into three separate areas: Food, water and stretch.

Food is fuel for your body. You wouldn’t put cheap oil in a Ferrari, so why do people eat fast food? Because they want something quick that fills them up. I get it, and from time to time it’s no big deal, but you want to have a well-balanced diet full of vegetables, fruits, fish, chicken, and pork.

Hydrating, aka drinking water, is one of the fastest productivity hacks around. Every high-performance coach talks about it. Instead of drinking alcohol, coffee, soda, switch to water. Within a week, you’ll feel a difference in how you feel. You’ll have more energy, sleep better and more productive than ever. Try it and see.

We all know the benefits of exercise, so why is it we find every excuse not to do it. A work-out takes time, you sweat, you feel tired and it can be downright depressing to see how out of shape you are when you haven’t exercised for a long time. Stretching, on the other hand, is quick and easy. No heavy lifting. Just 10 minutes to get your body limber will go a long way to feeling better. Your body will thank you.

“Love is not as important as good health. You cannot be in love if you’re not healthy. You can’t appreciate it.” – Bryan Cranston

3. Oxygenate your body

If you want to give your body a boost then breathe. Not unconsciously, like we all do but consciously like people doing yoga. This takes less than five minutes and you’re good to go. Athletes such as swimmers, runners, and karate fighters understand the power of breathing better than anyone, and how it is a critical component of success. The best part, it’s easier than ever to train yourself to breath better with the help of apps such as Breathe2Relax, Pranayama, Breathing Zone and Relax: Stress and Anxiety Relief.

4. Confirmation email

This was taught to me by my mentor back in my late twenties and it transformed how I dealt with coworkers. We often think that the greatest pull on our time are clients, but what is often overlooked is the frenemy. Colleagues that are seemingly on your side, but are taking advantage of your time and energy.

We have all met them before. They are the ones who pawn off their most difficult, challenging tasks to others. They appeal to people’s kindness and ask them if they can “help” them with something. What they often mean is, “Can you do it for me?” But they know that doesn’t fly so they resort to sneakiness.

When I first learned the technique of the confirmation email, I could hardly believe my eyes because tasks that had been thrown in my lap and taking up much of my time, suddenly vanished. People eventually stopped asking me to help them, because they couldn’t be bothered.

Car salespeople have an expression for these people: tire kickers. In business, to weed out the serious from the not so serious, just ask them to put their request in an email. It’s amazing just how powerful this technique can be.

We cannot waste time. We can only waste ourselves.” – George Matthew Adams

5. Chunking

My personal favorite productivity hack, and the one I have my clients implement immediately because it’s just so easy. Essentially it’s doing two tasks at the same time, but no, I’m not talking about multitasking. Multitasking is dividing your energy between two or more tasks, which is counterproductive. Chunking is combining two activities together that don’t detract from the other.

Here are some examples of chunking that work for me:

–      Having a meeting while walking

–      Stretching while watching TV

–      Doing breathing exercises while sitting in front of your computer

–      Listen to an audio program while driving

And there you have it, the five most effective productivity hacks for the busy entrepreneur. Easier than you think, more powerful than you realize.

Which one of these was your favorite productivity hack? Let us know in the comments below!

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5 Ways College Grads Can Embrace Entrepreneurship

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It’s never too early to pursue your dream of becoming an entrepreneur, yet when you graduate college, you might feel like you’re not quite ready to jump fully into an entrepreneurial endeavor. Perhaps you feel like you don’t have enough experience, or perhaps you’d just like to get a more conventional job and save a little bit of money first.

Perhaps you’re already anxious to start your first business and you can’t wait to get it going. Whatever the case, you can lay the groundwork for your entrepreneurial endeavors early on.

Below are 5 ways new college grads can embrace entrepreneurship:

1. Get a Sales Job

No matter what line of work you’re in, you’re selling something. You’re selling yourself as well as whatever product or service you represent. This is especially true as an entrepreneur. If you don’t know how to sell, you’ll probably have a rough go of it at the beginning and selling definitely doesn’t come natural to everybody.

As a result, you could benefit from getting a sales job early on in your career. This will help you learn the ins and outs of sales, get comfortable with sales rejection, and learn how to persuade people.

If you already know what type of business you want to start, then aim to get a sales job in that industry. This will be even more powerful for you later on since sales is a grind. Nonetheless,everything you learn in the sales job will help you be a more successful entrepreneur later on.

2. Work at a Small Startup

It’s one thing to work at a big company where you feel like nothing more than a cog in a giant machine. It’s a whole different experience to work in a small startup where you interact with leadership everyday and can see how the business runs.

This will give you the opportunity to ask questions, learn from the triumphs and mistakes of the leaders, and see a type of management style up close.

When you start your own company, you’ll be able to see the bigger picture. You can see things from the point of view of your employees as well as your own point of view as a CEO/founder type of figure.

“Just try new things. Don’t be afraid. Step out of your comfort zones and soar, all right?” – Michelle Obama

3. Learn Other Marketable Skills

As an entrepreneur, you need to have a general understanding of a lot of different skills such as copywriting, design, marketing, management, and sales. That way, when you eventually hire for those positions, you’ll know how to spot a potential rockstar employee who has the capacity to do a good job.

Spend some time learning marketable skills, and especially those that are related to the industry you’re most interested in. These skills may even help you get a freelancing gig, which we’ll talk about next…

4. Consider Freelancing

It takes discipline to work and build something on your own. For some people, that discipline is more difficult to develop than others. So, you should consider freelancing online. This will help you get comfortable working from home, and give you the first taste of online success.

Freelancing can add a nice chunk to your monthly income as well, which increases your financial runway and gives you more time to get your eventual business up and running. It’ll also help you potentially make valuable connections within your future industry, which will help accelerate your entrepreneurial success.

5. Move to a City Filled With Entrepreneurs

It’s difficult to understand the lifestyle of an entrepreneur until you’re around it and see it for yourself. So, you should connect with as many entrepreneurs as possible. This will help you understand things from their perspective and get you acclimated with the lifestyle. It’ll also help you determine what type of business you should start.

Luckily, there are plenty of cities in the USA where entrepreneurship is growing rapidly. You can start with any one of these 7 US cities that are great for young entrepreneurs.

All life demands struggle. Those who have everything given to them become lazy, selfish, and insensitive to the real values of life. The very striving and hard work that we so constantly try to avoid is the major building block in the person we are today.” – Pope Paul V

The job market is more competitive than ever, and as a result, working for yourself as an entrepreneur is a smart long term move. It’s never too early to get started with your own entrepreneurial pursuits, even if you’re a new college graduate.

Whether you’re ready to start your first business right now, or you simply want to gain experience to jumpstart your career and lead yourself down a path towards entrepreneurship, these tips will help you make your goals a reality.

How are you making steps towards becoming your own boss one day? Let us know in the comments below!

Image courtesy of Twenty20.com

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