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3 Reasons Why You Should Stop Telling All Your Friends To Become An Entrepreneur

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Entrepreneur Friends Shouldnt All So Business

Going back as far as high school, I lusted after the idea of doing my own thing. The problem was I had no clue how that would work our, or what I would do. I worked a tonne of odd jobs, and even the casual retail job from the age of 16 until I was 23. I joke about having a long resume of 2-month work stints, but it’s the truth.

Over time I learned that working a 9-to-5 simply wasn’t for me. As a result, I started my entrepreneurial journey.

I remember my last day at the call center job I had, and setting up a plan to succeed in my small university apartment on the first Saturday I had off in months. That was the beginning of what has been a very rewarding and challenging roller coaster ride. I always knew the decisions I made were the right ones, but something else, while not always super obvious, has been evident.

I am cut out for entrepreneurship because of various traits I possess.

I enjoy sales. I don’t mind a somewhat unstable income (at least when getting started). I like solving problems, and dealing with people. I have a deep appreciation for my personal freedom that comes from being able to determine my own schedule, and projects. I’m willing to live with less, and forgo some of the American ideals my peers are experiencing (having kids, buying cars and houses, etc) to make things work for me.

I’ve made these choices due to what makes sense to me as an individual.

I’m often asked how I got started, or what I did to get where I am, but once I begin to explain how, and what’s involved, some people are turned off.

In the past, I tried to talk my friends into starting a business, but I soon learned it’s mostly a waste of breath. But not because my advice wasn’t good, but simply because those people just aren’t cut out for this life.

And there’s nothing wrong with that. In fact, it’s perfectly normal.

I’ll be the first to admit it. Many entrepreneurs are crazy and many of us think our way is the ONLY way.

In reality, there are many paths to the same destination, but when you get from point A to point B in a manner that only makes sense to you, it seems like it’s the only way.

As a result, you might find yourself proselytizing to all your friends about how they should do it too, even if they have no interest or are scared stiff.

And that’s why I wrote this article — for all you go-getters who tell everyone to become an entrepreneur, you might ought to stick a sock in it.

 

1. Entrepreneurship Requires A Certain Personality Type

Many of us who enjoy this lifestyle are a bit eclectic. Some may even call us mad. I wouldn’t argue with them, and I’ll be first to admit to my fair share of manic episodes (just go read my Twitter stream). The up’s and down’s of this lifestyle are reserved for those who can handle it.

One month’s earnings can be amazing while the next month’s are next to nothing. If that phases you, I’d highly advise rethinking your decisions around working for yourself.

This life is about being a self-starter. I hate that title, but it’s the truth.

In my many job interviews, that was a key question –

“Would you consider yourself a self-starter?”

Every time I heard that I wanted to rip my eyeballs out and say “What do you think? I’m sitting here in a cheap pair of slacks, and a shirt my mom ironed in order to impress and convince you to give me 9 dollars per hour for making sandwiches and sweeping the floor.

A self-starter is someone who can figure out what they need to do, and begin doing it – at times without a fully developed plan. It’s someone who takes immediate action, and asks questions later.

If you’re not willing to work long hours (at least in the beginning), it’s probably not for you.

If you don’t get excited about the journey of reaching new heights, I wouldn’t sign up for this gig.

 

2. It’s Not As Easy As It Seems

Some of my friends would ask me about what I’m doing. When I’d explain my work day, and what’s involved, a very common remark is “your life is so easy! You’re lucky! I wish I could get paid to sit at home and run a website.

Now I will admit I’m lucky in the sense that I made certain decisions, and had certain people in my life who were instrumental in making those decisions, but none of this is easy.

In fact, I hate telling people what I do because it makes conversations awkward. I can’t relate to most people’s problems they have with coworkers, bosses, and rigours of waking up at 7 a.m. to catch the train.

On the outside, it seems glorious, but for those of us who’ve taken the plunge, it’s far from that life.

The mind of someone making their own way is a chaotic whirlwind at times. Everyone has their high’s and low’s but I imagine those of an entrepreneur are more pronounced.

Tim Ferriss said it best in his article “Productivity” Tricks for the Neurotic, Manic-Depressive, and Crazy (Like Me): “Most “superheroes” are nothing of the sort. They’re weird, neurotic creatures who do big things DESPITE lots of self-defeating habits and self-talk.”

But most everyone only sees is the outwardly productive and seemingly normal side of an entrepreneur.

They don’t see them dreading a project, or putting off client work due to fear of not doing it well enough. Or being burned out. Or dealing with depression and avoiding the therapist.

They don’t see them eating ice cream for breakfast and playing Grand Theft Auto: Vice City on his PS2 at 6am for 3 hours on the day a major project must be done

Talk about anxiety one can create for themselves through procrastination… but this is a normal part of life for most of us.

It’s a constant push/pull between extremes. One month, everything seems to be going great. You’re making money, sleeping well, and routinely socializing. The next month, you’re skimping on deadlines, moving your to-do list back a day, and wondering if it would be easier to go work at the Buckle… at least you don’t have to worry about setting your calendar, right?

 

3. It Won’t Make Sense To Everyone

We need people to work at the grocery store. We need people to work in factories that manufacture our eye glasses and clothes, and packages our food.

We need school teachers, and mechanics. We need librarians, and video game store clerks.

Not every single person can do their own thing. Plus, not everyone wants to. The demands of someone starting a business are much different from those who are working for the business.

Some people have a talent for management, organization, attaching soles to shoes. Some of them don’t wish to do anything else. So what?

Something I detest is trying to explain to someone who simply wants to work at their job why they should go out on their own.

Maybe they don’t care about doing something on their own… Maybe they actually like their job (newsflash: not everyone hates their jobs like I did). Maybe their profession allows them the money they need and the time to spend with their family.

They’re not us, and that’s okay.

Look on the bright side. While you may be enthusiastic about the decisions you made for yourself, many others might not be as interested. Save your energy and spend it on making yourself and business better.

 

 

Feature Image Photography by Fred Othero

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17 Comments

17 Comments

  1. albertino

    Jul 9, 2016 at 5:02 am

    Trying to persuade friends to become entrepreneurs is like persuading a loved one who doesn’t know how to swim to jump into the ocean. It will sound very wicked to them. Instead of wasting my precious time in persuading anyone to do their own thing, I rather encourage them to be good at what they do while I concentrate on my own madness’

  2. Sarah Como

    Jul 13, 2014 at 6:54 pm

    I totally relate to this article. I finally tried to stop convincing others to become entrepreneurs. However, I still struggle when it comes to my husband. He’s not comfortable with the uncertainty and does not have an entrepreneurial mindset. He encourages me to go for it but can’t relate.

  3. Nate Ginsburg

    Apr 29, 2014 at 1:36 pm

    Great article man! I’m gearing up for a trip back home and have been thinking about what it will be like to hang out with my old friends/crowd opposed to the SE Asia crew. I’ve also learned that it’s best not to preach.. You’re right, the life isn’t for everyone.

  4. mindsetofmark

    Apr 16, 2014 at 6:36 pm

    Thank for you this amazing article. For the past few months of building my business, I ran into this wall and what you wrote describe exactly what I’ve been pondering about for the past few months, I realize I had learn so much from the pursuit of entrepreneurship and I see what it’s like out there for people who wants to settle for a job, I didn’t think it was fair for people to settle for a life of working for someone else, I cared so much about my friends I was trying to convince them that a job is not going to fill the dreams and goals you want to achieve. I had no’s and rejections and I took it personally because I had such strong belief that they would see what I see. After a few more months of growth and struggle, I definitely realize what I chose to do is not for anyone and that the friends I talked to wouldn’t even last a few weeks doing what I do, I became more aware of the things that an entrepreneur must go through that an employee will never experience in their lifetime.That is why only so few people choose this path, what an amazing insight indeed. Thank you so much JC.

  5. dotchamou

    Apr 14, 2014 at 2:35 pm

    By the time I was in high school I knew that I will never, never work
    as an employee in my life. In my country, Benin (west Africa) the rate of
    unemployement is too high. So the solution of unemployement for me is
    that every student and school boy must be an entrepreneur. So, by the time I leave
    university, I create a little business, the business grow a
    little. That business enable me to pay my rent and to feed myself. By that
    time, most of my friends who didn’t become ‘’entrepreneur’’ like me were
    jobless and were very broke. Even though I did’nt have enough money, they
    admired me and congratulated me of being an “entrepreneur’’. About four
    years later, my little business collapsed and everything fell apart in my life. I lose my
    business and my money.I become very broke. That is a starting point of a
    very, very hard and miserable life for me .I cannot pay my rent, I am in deep debt ,
    I cannot find money to eat. My electricity and water was cut because I cannot pay my bills
    By that time when I fell in misery, most of friends have
    found a job, they started enjoying a ‘’good life’’ (life of security) .They started telling me that:
    “ Yes, we know that, being an entrepreneur is very dangerous and too
    risky, that is why we didn’t follow you in that path. Look, today we have a secure
    job. We are protected by the government. We don’t have much money but we
    have what we need, try to find a job like we do, and forget your idea of being
    your own boss”. I stretch my head and I said to myself,’’I will comeback,
    My coming back will be greater than what I lose”.
    So, most people will never share and accept to be an entrepreneur, most people want security instead of adventure. I‘m still on my journey of being an
    antrepreneur. The journey is hard but it is full of pleasures,tears and lessons.
    I commit to be an antrepreneur. Nothing can stop me on that journey.I make for myself this words of Donald Trump,’’NEVER GIVE up’’,’NEVER QUIT’ Thank you for your attention.

    • alok

      Oct 23, 2014 at 4:37 pm

      my dearest friend you are amazing more than the definition of amazing . You are the tiny ray of hope amidst the darkest of darkest gloom not only in my life but to the millions of people all are around the world. 1000 MILLION THANKS TO YOU.
      I AM DEEPLY TOUCHED AND TRANSCENDED BT YOUR INSPIRING WORDS.

  6. oscar

    Apr 11, 2014 at 7:08 pm

    Man I totally feel yah, there is only so much we can do for our friends, most people don’t see what we see with this odd lifestyle we acquire to be different in a sense.

  7. George

    Apr 10, 2014 at 11:45 am

    This is perfect. Eventually we all take a different path as our friends create their careers and you create your own, it seems so obvious that different people are gonna want to pursue different jobs.

    This was me at first. I loved the idea of doing it myself, I understood it would be harder than getting a normal job, but to be able to watch something grow from the very beginning sounded a lot more interesting than getting paid to sell sneakers.

    Then I thought, wow this would be so much better if my friends would join me too. Because of what I do, I have different schedules than my friends. When they’re all out late at night drinking, I’m at home sleeping or on my computer.

    It’s not that I want to be out partying, but when a lot of the work I do is at home on my computer, it’s easy for me to miss my friends and wanting to see what they’re up to, working together sounds like an easy solution.

    But the truth is, people want different things. Some people look at me starting a website and think it’s boring, unrealistic and downright dumb. Maybe they’re right. Maybe we’re the weird ones who find working on the internet actually exciting.

    Oh, well. Salute to all you fellow weirdos!

  8. Koko

    Apr 10, 2014 at 8:28 am

    Wow … actually I find myself in the position of reconsidering my friends to start their own thing way too often. I even abandoned some of my friends because they were dragging me down to the level of no-enthusiasm towards work. However, now I think I won’t do the persuading stuff to my friends anymore.

  9. Mike Sutton - BeBuildHave.com

    Apr 10, 2014 at 4:10 am

    I agree with all 3 points, but I also think career employment as option #1 is on it’s way out. Entrepreneurship is a reality of the new economy and will be the only option for more and more people, so we need to find a way to support, train, and develop those skills in people who aren’t “naturals”.

    • JuiCy™ (@JCDFitness)

      Apr 28, 2014 at 6:08 pm

      I disagree. If everyone were an entrepreneur, who would do the meaningless work? Who would run the errands? Who would make my coffee at the local cafe?

      Who would serve me a steak? Who would make sure my cell phone is working correctly when I have trouble with service?

      • Patrice K. Cokley, MBA

        May 2, 2014 at 6:23 pm

        I couldn’t agree with you more! I’m always having this discussion with someone. Although doing meaningless work is not for us, it is something that needs to be done. Entrepreneurship isn’t for everyone. So I’m ok with people settling in their lives. As long as they’re not trying to talk me out of my goals, I’m fine. Thanks for this post! It came right on time.

  10. Dano

    Apr 9, 2014 at 3:19 pm

    Cool story bro. But do you even lift?

  11. Andy

    Apr 9, 2014 at 9:21 am

    Perfect time for this article. I had an argument with my wife last night about issues I am experiencing and she just didn’t get it. She never will either and it’s not a bad thing.

  12. Naomi@business start ups

    Apr 8, 2014 at 8:55 pm

    Hi JC,

    I feel like you hacked my brain. I couldn’t agree more.

    When I first became self employed and earning well, I thought to myself ‘why would people NOT want to do this’. I have tell all my friends and family!

    But in reality although most people lust after the lifestyle they haven’t really got what it takes. They don’t want to work weekends, in the evenings and need a boss to be accountable too.

    They just can’t commit. I now realize this is OK. It’s their choice, their life and everyone journey towards fulfillment and happiness is completely different and doesn’t have to follow mine.

    Great post and scarily close to my own thoughts!

    Naomi

    • JuiCy™ (@JCDFitness)

      Apr 8, 2014 at 10:26 pm

      Thanks. Glad it resonated – I imagined it would with others paving their own path.

  13. Emily Filloramo

    Apr 8, 2014 at 5:31 pm

    JC, I agree that it does take a certain personality to have the tenacity to work through all the fears and obstacles that naturally come up as an entrepreneur. When something great happens as a result of the hard work, it’s euphoric.

    The path to success is not a straight line, it’s full of zigzags. It’s not for the faint of heart.

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Entrepreneurs

6 Creative Ways to Hype Up a New Product on Social Media

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product launch
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It’s the week before the big product launch, and you’ve been asked to help with a big marketing splash. The problem is despite brainstorming for a few weeks and pushing out a few tweets to build the pre-launch buzz, you’re out of ideas. But merely wondering how to help the new product capture the minds of prospects and customers doesn’t really help.

Here are 6 creative things you should consider to generate excitement for your product in the target market:

1. Create a goal

Don’t limit your awareness program to merely “make people aware” of the product. Go beyond the ideal definition and expand it. There has to be a goal that assists you to measure the success of your program.

This goal can be the number of followers you drive to your webpage, or probably the ones who sign up for more updates. Find out what other options work best for you and let them guide you through the awareness campaign. The key is to make it measurable and ensure if your website is any good; it is fully geared to be not much more than a giant lead magnet.

2. Sell smart, not hard

No matter how much effort you put in, if you don’t do it smart, they’ll lead you to failure. Just because you are leveraging social media, doesn’t imply you can aim in the dark and wait for the arrow to hit the target miraculously. Make sure you very well know the problems that you are trying to solve.

Analyze the people affected by those issues and what attracts them. Leverage social media, but target your buyer personas. New products are often a great time to reconnect with existing clients and prospects. A fantastic way to do this is by getting your sales team to share the content and measure the engagements and click-through rate. Once you have the comparative view handy, you can make the most of social platforms.

“Working hard is very important. You are not going to get anywhere without working extremely hard.” – George Lucas

3. Strike a chord

Personalization is the key to hit the sweet spot in the hearts of buyers. Have the sales team personalize the message. Give your employees the chance to explain the value to their networks.

Write high-level social copy for the various vertical markets you serve and then set the team lose in honing the conversation online. Done effectively, the click-through rate can go through the roof!  

4. Build engaging content

Consider buyer personas while drafting the social copy of your content. And take note, we are referring to buyer personas, not a persona. It includes more than one streak of your ideal buyers.

Invest time in understanding the critical aspect of each of them. Make sure you know what your product has to offer to each of them and translate that understanding to explain this value proposition. The better you do at segmenting the message, the more clicks and engagements your content will produce.  

5. Don’t reveal too much

Sometimes, marketers get carried away and unveil too much of the information in the pre-launch phase itself. What is left for the final big reveal? Apparently nothing but the product itself. And mind you, dear friend, curiosity killed the cat because she could not withhold it. Why not leverage this mentality for your product marketing as well?

Build anticipation and create mystery around the product. Drop hints, create hype but make sure you have some excitement reserved for the actual launch. Don’t disclose every significant twist.

“Content builds relationships. Relationships are built on trust. Trust drives revenue.” – Andrew Davis

6. Narrate a story

Compelling narratives are a powerful way to engage people with your product even before it hits the shelves. Let the existing buyers talk about their experience with your current products. Not only will it talk about your offerings, but it’ll also highlight the positive relationship with existing clients. That’s something that can pay dividends when building a bond with the new ones. Additionally, you receive attention from followers of the customers you are showcasing.

Is your product launch is just a few days ahead, and you need to create product hype on social media? Well, it is quite a task to make the pre-launch ripples. But these six creative strategies can help you get the job done effectively. Use these ideas to showcase the hard work your product team has done and ensure a successful product launch.

Which one of the above 6 ways to market a product do you believe is most important and why? Share your thoughts below!

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5 Skills I Learned in the Military That Helped Me Become a Successful Entrepreneur

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The moves I’ve made in my career from the military, to the mining industry, to running a multinational business in Latin America, aren’t linear. It’s not every day an ex-Australian military officer finds their niche in Latin American business.

Graduating from Australia’s Royal Military College and Defense Force Academy, I served as a commissioned officer in the Australian Army for nearly 11 years, completing operational tours to Central Asia and the Middle East.

The transition from various Army engineering and infantry roles through to managing a team of legal and financial executives was neither quick nor painless. But, as I entered the company formation process, I found my military service played a significant role in shaping my entrepreneurial fitness. The skills I developed in the Australian Defense Force supported me through several commercial iterations more than once.

Here are some of the key connections I drew between core military values and those I apply to the boardroom environment:

1. Be calculated and decisive

Unsurprisingly, a crucial requisite of military functionality is working quickly and effectively under pressure. This rings especially true for the strategic planners of operations: the commissioned and non-commissioned officers.

My military role made tough demands on me to decide on the best course of action for myself and my team. When deployed overseas, making the wrong decision or not making a decision fast enough could mean failing our mission, and putting people in danger.

In business, it’s vital to understand, analyze and communicate the risks involved in the options laid out before you at various stages. Making offers to clients, moving into a new market, investing large amounts of money into projects. And decisions need to be made based on this analysis before these opportunities pass by.

I can confidently draw on my experiences in service to act fast and capitalize on opportunities as they become available, and make tough decisions in high-pressure situations.

“You cannot make progress without making decisions.” – Jim Rohn

2. Resilience is key

Resilience is fundamental to success in any military career. In training and on operations, one soldier’s spiralling morale could put an entire section in danger. Military personnel are vetted for their adaptability and mental strength from day one, using tried-and-true techniques to push people to their limits.

Having a high level of resilience allows you to cope when things don’t go to plan in business. Investments might not show returns as quickly as hoped, a competitor snatches up an important client, or a difficult situation arises between staff that needs careful management.

I can confidently draw on military-learned techniques to support my own and others’ resilience in the office. Being able to maintain a high level of morale among teams fosters productivity and a willingness to ‘soldier on’ in challenging situations.

3. Leadership and cooperation

People in leadership positions are those that others turn to for advice and support. As a leader, you have to be prepared to make tough decisions that others can’t or won’t. A high-performing team has a courageous, empowering, and communicative leader at its helm.

This is as true in the military as it is in business. Building the right team and driving them to success is both challenging and rewarding – whether the outcome is securing a key logistical foothold to allow aid and other supplies to travel into a war-torn area, or seeing a newly-opened office secure its first major client.

4. Discipline

Not every soldier has an easy time appreciating the ubiquity of drills in their military workplace, nor their role in underpinning the success of a smooth operation. But a lack of discipline is tantamount to putting oneself and others at risk. Ignoring lawful orders, or not applying proper first-aid to a fellow soldier, are a couple of examples of this.

To me, commercial discipline means being professional always, even in stressful or frustrating situations. Maintain integrity in everything you do, and don’t cut corners. Carrying out proper legal and financial procedures means staying compliant under local law, and avoiding complications with authorities.

Staying committed to an objective and refusing to drop standards enables you to build a credible reputation for your business that clients hold in high regard.

“We don’t have to be smarter than the rest, we have to be more disciplined than the rest.” – Warren Buffett

5. Cultural awareness

Finally, but no less importantly, showing respect for cultural customs in business is essential for cultivating strong professional relationships. Being aware of your cultural background, and sensitive to those of others, will help build social connections, and make you more relatable to others.

Foreign militaries operating in troubled parts of the world understand that building trust with local individuals and communities is imperative. Without that trust, moving around becomes difficult and more dangerous. To gain trust, soldiers must show respect for people’s culture and way of life.

The same is true in business. A small hiccup such as not shaking hands, or giving an air-kiss to a new acquaintance here in Latin America could start an entire working relationship off on the wrong foot. Cultural sensitivity shows a willingness to embrace people and their society. Never underestimate the significance people place on this element when evaluating your suitability as a professional partner.

It’s no secret that commercial success requires passion, hard work, and dedication. Don’t be afraid to call upon your own and others’ previous experiences to find solutions to problems or forge ahead with complex projects. For military personnel considering testing out their business acumen, be confident that your years of service to your country have also set you up for success in the world of business.

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3 Scientifically Proven Things Entrepreneurs Should Be Doing to Increase Overall Performance

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Many of us know that becoming an entrepreneur isn’t easy. Most are working very long hours, seven days a week, and are making tremendous sacrifices to ensure their businesses are increasing in all areas. They are actually building empires right?

While this type of mindset is okay for a season, many get stuck in the vicious cycle of working non-stop and not taking care of themselves. We all know working hard definitely has its rewards and benefits, but overworking can lead to many unnecessary and unhealthy developments.

Below are 3 things entrepreneurs should be taking advantage of, in order to develop a proper work-life balance and still stay ahead of the eight ball:

1. Get enough sleep

Many of us have been programmed to think that you have to work hard and long in order to be successful in life. While working hard is very important to becoming successful, recent studies have shown that getting the proper amount of sleep is even more important. Studies have shown that sleep deprivation is one of the main causes of stress and burnout in the lives of many people.

Arianna Huffington is a huge advocate for getting a minimum of eight hours of sleep per day, in order to improve our decision-making, well-being, creativity, and productivity. Those bragging about only getting four to five hours of sleep are actually admitting that they are not functioning or performing at their maximum potential.

Researchers have also shown that when you are getting seven to eight hours of sleep, your brain signals your body to release hormones and compounds that assist in brain memory, maintaining your immune system, and decreasing risks in health conditions. Therefore, getting enough quality sleep is key for a healthy lifestyle.

“There’s practically no element of our lives that’s not improved by getting adequate sleep.” – Arianna Huffington

2. Take vacations

Studies show that there are multiple health benefits of vacationing. A few of them consist of less stress, decreased depression, improved productivity, and improved mental health. Who wouldn’t want to experience that right? The ones who break away from the day-to-day functions of working, to go on vacation usually come back on fire and ready to keep crushing their goals.

Vacationing allows you to really put things into perspective, not only for yourself, but for your business as well. Taking vacations gives you the opportunity to unplug and spend that much needed quality time with yourself and your loved ones.

It also gives you time to relax, reflect, and recharge. In doing so, research shows that you come back refreshed and ready to function at peak performance. You also get to have fun, visit really cool places and check off destinations on your bucket list.

3. Take breaks

No matter how much you love your work, you can’t continue to be a driving force while running on empty. CEO Chris Cavallini, of the multi million dollar company Nutrition Solutions, believes in this principal one hundred percent and stands firm on the idea that taking a 60 second break every hour will reboot, recharge, and refocus your mind, body and spirit.

It makes the team more efficient and productive, says Chris. Many times a quick mental or physical shift is all you need, to come back to work with more creativity and more energy for your next breakthrough.

“Almost everything will work again if you unplug it for a few minutes…including you.” – Anne Lamott

Recent studies have shown that those who experience constant stimulation of the same thing, is registered by our brains as unimportant, to the point that our brain erases it from our awareness.

They also show that taking a two-minute break can increase productivity by as much as 11.15%. Since entrepreneurs are constantly on the go, several short breaks through out the day should definitely be included due to all of the amazing benefits they provide.

Some of the things you could do on your breaks that will increase performance and productivity include, standing and stretching, resting your eyes, quick exercises like jumping jacks, push ups, sit ups, or pull ups and even checking your social media.

The next time you feel like you don’t have time to take a break, think about all the benefits you’ll miss out on by not taking one.

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12 Essential Skills Required to Succeed as an Entrepreneur

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There are lots of unwritten rules about the right set of skills needed to succeed as an entrepreneur. No doubt, entrepreneurs are filled with a sense of uncertainty on the right set of skills they need to acquire. So, how do successful entrepreneurs know the right skills to integrate into their operations? This is the million dollar question, and it’s time to answer it!

As an aspiring or veteran entrepreneur, here are some of the essential skills you need to succeed as an entrepreneur:

1. Money Management

Let’s face it, you can’t achieve your entrepreneurial goals if you don’t know how to manage your finances. You need to put structures in place to monitor where your income and expenses come from.

Ask yourself if you are spending more than you earn, and also calculate your savings ratio. You need to keep yourself informed of the latest financial investment rules and how to navigate your business through difficult situations.

2. Ambition

Yes, ambition is one of the hardest skills for entrepreneurs. The aim is the skill you need to keep going when situations become dire. It’s the ability to know your destination and not to lose focus.

Successful entrepreneurs have an aggressive nature, and this is what drives them to work hard. More so, their dynamic environment keeps them cautious and always on the alert for windfalls.

3. Willingness to Learn

Learning is a continuous process. Most entrepreneurs make the mistake of restricting their education to their educational institution. Instead, knowledge is a life-long process, and it’s an essential skill for successful entrepreneurs. Therefore, you must be updated with recent events in technology, your environment, and your industry. Remember, even old dogs can learn new tricks!

4. Creativity

You need creative skills to succeed as an entrepreneur. Trying out the same thing over and over will still generate the same result. Therefore, you need to harness your creativity to discover new methods of doing things. Mind you, being creative doesn’t mean you have to do something drastic. Sometimes, it requires simple actions such as talking to people or taking up new skills.

“Creative thinking inspires ideas. Ideas inspire change.” – Barbara Januszkiewicz

5. Productivity

Successful entrepreneurs have learned how to harness their productivity skills by discovered what is productive for them, and adhering to it. More so, successful entrepreneurs increase their productivity by working at energy peak levels. Lastly, utilize the productivity tool that works for you and improves on it throughout your entrepreneurial journey.

6. Social Skills

Some entrepreneurs downplay the importance of social skills. This group of people fail to realize that you improve your chances of success by walking with the right people. Search for entrepreneurs with similar goals and observe how they overcame challenges. Furthermore, study their success strategies; this will help you to perfect your business plans.

7. Management Skills

It’s not enough to learn the skills as mentioned above without improving your management skills. As an entrepreneur, you will need to manage your workers effectively to get the right result. This is the time to learn how to encourage, develop, and support your employees. Learning a management skill will help you to recognize and allocate tasks in tandem with their strengths and weakness.

8. Social Media Proficiency

Here’s one skill that can shape the landscape of your business. Yes, social media is an integral part of your success as an entrepreneur. In the initial phase of your business, you will need to assume the role of a social media manager, and this involves knowing how to navigate and use social media platforms.

9. Perseverance

Every successful entrepreneur has experienced failures and crippling defeats. They were able to survive these dire situations when many others lost their businesses. Successful entrepreneurs persevere through these hard moments by choosing to learn and make calculated decisions from experience.

“It’s perseverance that’s the key. It’s persevering for long enough to achieve your potential.” – Lynn Davies

10. Time Management

Time management is considered a valuable skill by a successful entrepreneur. With time management, you need to have a detailed plan or schedule for your daily tasks. More so, this skill helps you to prioritize tasks and how to tackle the important ones.

Time management helps you to battle procrastination when making crucial and everyday business decisions. Think of time management as one of the hard skills for entrepreneurs. Remember, you will never achieve your goals without gaining mastery over your time.

11. Communication

It doesn’t matter if you run a small business or a large corporation. It is imperative for you to know how to communicate effectively with your clients, mentors, stakeholders, and even your employees.

It’s one skill that’s crucial to your success as an entrepreneur. Why? You won’t succeed if you can’t communicate the values of your brand. So, you need to master all forms of communication. What’s more? You need to show your employees the importance of effective communication.

12. Business Strategy

Having a business strategy is considered an essential skill for successful entrepreneurs. Although most entrepreneurs reached the pinnacle of their careers through sheer will and strength, it’s necessary to have a business strategy. Utilize the skills mentioned above to create a business structure that’ll stand the test of time.

We’ve successfully created a list of skills to succeed as an entrepreneur. No doubt, it’s been an eventful journey. Now, all you need is to integrate these skills into your mode of operations. Practice these skills until it becomes the core of your business operations.

Which one of the above 12 skills do you feel is most important for an entrepreneur? Share your thoughts below!

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