So, you are passionate about something and have identified an area needing a significant amount of improvement in there; what better time to take the leap and have a startup of your own? I mean, isn’t it the best when you can turn your passion into profession?
Absolutely right, now is the time to plunge into that entrepreneurial venture, perhaps better than ever, just as countless people around the globe. But I also happen to personally see and know many people taking the bait, biting off much more than they could possibly chew and biting the dust eventually.
Now, does it mean you shouldn’t think of initiating a startup? Absolutely not; all I am saying is to know exactly what you are about to jump into. Whether you like it or not, a magnificent idea will only get you so far. Isn’t it just plain common sense to bring along an umbrella if you see clouds covering the skies?
If you are certain it’s about time to start your own company, I am just here to assist you in getting some absolute basics totally right, so that your odds of actualizing your dream get better.
Here are three basic steps to breathe life into your startup:
1. It takes two to tango – assemble a reliable founding team
Why? I mean you can very much raise your eyebrows to the idea of assembling a founding team, but before you do so, just come up with a few of the most successful business ventures of our times.
Most of you will start the list by Apple, of course. What about Google? Did I forget to mention Twitter? What about Yahoo and Microsoft? In case you are wondering what’s the point of mentioning all these names, all of them had two cofounders when they started.
So, what do I want to establish? Well, nothing more than the fact that the odds of success of a startup enhance manifold when it is cofounded by two individuals. Does it also mean that a single person or a team comprising of more than two has no chances of success? Surely not, there’s no single formula to a startup success, but stats support the notion that it takes two to tango!
There is a twist to the tale though, the idea of cofounding with your closest friends and family. Apparently, there’s no harm in it. Just make sure their skills are a right fit for your entrepreneurial undertaking. Also, make sure you two are bonded strongly, because the highs and lows of a startup will definitely test the strength of the bond between the two of you.
Moreover, take due time in finding the best person as your cofounder, because it’s the keystone to the whole bridge you are looking to put together. And the chances of this happening overnight are almost close to none. It’s better that you don’t rush into this.
“Talent wins games, but teamwork and intelligence wins championships.” – Michael Jordan
2. Have a solid plan
So, with the most awesome idea and an even more awesome founding team, you are all set to inspire the whole world with your startup? It won’t be possible without a great plan in place.
You don’t necessarily have to write a 1000 page long document, but you must have a model for growth in addition to a pitch to play with investors (even if you have no immediate plans for raising money).
There are some serious questions to be answered before you go hitchhiking the treacherous domains of entrepreneurship. How big is the market that you are looking to target? How much of it do you think will you be able to cover surely and easily? How much time would it take? How many people would you need to hire initially? What would you be charging to lead your business to a profitable place?
It’s imperative to think about how to capitalize on any potential growth opportunities as they surface, and how you will execute the plan when it’s needed. There’s no end to the open questions you come across as a startup, but having a better understanding of the most critical aspects is the least bit you need to move forward with.
3. Run through your finances like never before
It’s almost certain to live without a paycheck for a while when you give your startup a go. So, you better take a good look at a number of things related to your finances before you kiss your day job goodbye forever.
Get a realistic estimate of how long you can survive without getting paid. One of the best ways to do so is by comparing it to when you plan to raise money (this also includes generating income from your business). In most cases, the time consumed in fundraising prolongs to 6 months or even more. So, be ready to divert some of your savings towards company expenses in the meantime.
Sounds intimidating? It can be, but there’s always a way around. Luckily, there are a few very good financing options nowadays for budding startups, like Y Combinator or TechStars. They offer help in covering early expenses while you come up with your prototype. Or, you might consider working nights and weekends on your business to minimize the time you have to survive without a salary. Also, not to mention, the age old technique of cutting back on unnecessary expenses to make some much needed savings.
“Well, I think that there’s a very thin dividing line between success and failure. And I think if you start a business without financial backing, you’re likely to go the wrong side of that dividing line.” – Richard Branson
What would be my next advice once you have assembled your dream founding team, come up with a feasible plan and sorted out your financial viability? I will suggest you halt everything else and get set go!
Share your personal experience/opinion in regard to your startup in the comment section below.
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5 Hacks to Improve Your Writing Skills in English for ESL Learners
Studying in college is hard for everyone, but ESL learners arguably suffer the most. Moving to a foreign country, learning a new language, and keeping pace with the rest of the class may seem like an unbearable burden. It’s okay to feel overwhelmed, but you have to pull through and not give up.
In moments like this, it’s always a good idea to seek help. Whether you go to WriteMyPaper to order an essay or just talk to a friend, admitting vulnerability is an important step towards improvement. In this article, you will find some tips on how to get better at essay writing, even if English is not your native language.
Control Your Environment
Improving your language skills is all about constant practice. Living in an English-speaking community is the first thing you should do to start your practice. It might be tempting to surround yourself with people who already speak a familiar language. However, this way, you won’t be practicing English on a daily basis.
You need to make those lessons almost intuitive in a way that you don’t have to do anything to learn the language. If you live in an English-speaking community, for example, if your roommate speaks English, you will have to practice the language, whether you want it or not.
Still, make sure you don’t take it too far. Taking care of yourself is still as important as ever. Feeling like an alien for the sake of education is not worth it. Remember to keep in touch with your friends and family, talk to them as often as necessary.
Practicing language is not just about doing your homework. You can make practicing English a normal part of your daily routine by watching TV, listening to music, and reading books in this language.
Yet, this is a bit tricky. When being surrounded by white noise, people tend to learn not to notice it. You need to ensure this doesn’t happen. As you watch movies or read books, maintain your attention on what you’re doing. If you hear or see a word that you don’t understand – translate it and write it down. Be mindful and remember what you’re doing this for.
Writing Is The Answer
If you want to specifically learn to write, you need to do one thing, and that is to write. Continuous practice will help you understand what mistakes you often make and, in time, eliminate them. Focus on your goal, and don’t get discouraged when something’s not working. After all, even Rome wasn’t built in a day!
Get a journal and write in it daily. Pick a new topic every time and note everything you can think of. It’s also important that you write by hand, a spelling checker in your computer is tempting, but it will not help you remember how to spell words correctly.
Besides, journaling as a habit has multiple health benefits, and it can be therapeutic. It can help you get in touch with yourself and process your emotions better.
Learn In a Group
It’s proven that learning in a group is more efficient due to the sense of competition. Find a bunch of like-minded people who want to study with you or join an already existing one, like a speaking club.
The benefit of such activities is that you get all these people from entirely different backgrounds who are all good at various things. This will help you exchange experiences, which is impossible if you’re alone.
Schedule regular meetings, come up with topics to discuss and activities to do. You could watch videos or movies together, or talk about common things. Having assignments like describing an event can also be beneficial for the entire group. This way, while one person speaks, the rest think about how they would say the same things differently.
This will help you feel more confident in your skills and, consequently, speak and write better.
The most important thing about learning a language is not to be afraid of making mistakes. It’s inevitable; you just have to take it as a natural part of a learning process.
A child that is learning how to walk doesn’t give up after falling once, and you shouldn’t either. It’s most likely that your friends understand that you’re just learning a language, and they won’t laugh at you for misusing a word or a few.
Get over that fear of error and make as many mistakes as it will take. Treat it lightly, and don’t beat yourself up for it. On the other hand, try to attend as many events as you can that will expose you to the foreign language. Not only will it boost your English skills, but also improve your social confidence!
Learning a language is hard; there’s no arguing about that. However, it’s going to get easier with time. Take every hard thing that life throws at you and turn it into a lesson.
Watch your favorite movies in English, converse with native speakers, and you’ll see the improvement very soon!
Remember to be patient about it. Don’t give up, and don’t beat yourself up over something that you have so little control of. Good luck!
Remote Work + Education: 3 Tips for Students Who Want to Have It All
Probably one of the greatest changes for the last year is the shifting to distant learning and working. There are many advantages to the issue, like, not having to commute every day, staying at a cozy home for a whole day. It makes our lives easier in terms of saving time and energy.
If you’re a student, you don’t have to bust out your textbooks every time you go to university. Instead, you have everything close and on the tips of your fingers.
However, within all the positive moments of distance learning, it is highly challenging for many of us. At college or in the office, we have a schedule, a plan which we simply have to stick to.
There is also a boss or a teacher who gives us tasks, checks and monitors our performance.
Well, now, we are our own bosses and teachers and have to come up with the plan and track our tasks independently.
So, how to stay tuned and efficient if you work and study from home? How to get the most of it and not drown in the ocean of procrastination? In this article, you will find three tips to help you out!
Set Up Your Workspace
When many think of a distance learning or work, they imagine themselves wearing pajamas and lying on a couch all day with the laptop. No more dress code, make-up, early mornings, coworkers or group mates, paradise!
This is a common misconception of remote work. If you want to work and study from home, it is crucial to create a space where you would stay focused and productive.
Still, if you have had a hard day and feel like having rest on your comfy couch, but there are assignments to be done, leave your worries to professionals in paperwritingservice, just place an order and enjoy your day.
When we both work and study from home, we stay with all those household essentials and, at the same time, have to focus on tasks. That is why a perfect workspace has to be created. So how to reach this ideal atmosphere at home? Here’re some pro tips.
Separate Spaces for Everything
This is a common problem for many that they sleep and study at the same place. Our body is a smart mechanism, which gets used to conditions very quickly.
So, as you sleep in your bed, every time you lie on it, your body gets ready to relax and concentrate is the last thing it is ready for. This principle is applied to any other space in your house.
So, your workspace should be particularly aimed at learning or/and work. Every time you get there, your brain will be ready to do the job.
Get Rid of All Distractions
This is a very important step if you want to stay productive at home. Your home may be a dangerous space in terms of concentration. To make it easier, help your brain and get rid of everything that might attract your attention and ultimately prevent good performance.
Plan Your Day
Every morning when you wake up, you approximately know what the tasks for a day are. So, what’s the sense in planning a day if you already have it all in your head?
This is one more important concept that helps us have everything done on time. Planning a day saves you time and boosts motivation and disciplines.
Here’s how it is done:
- You write down a list of tasks that have to be done;
- Prioritize them from less important to more important;
- Hang this list somewhere, where you can always see it;
- Mark completed tasks.
When you mark the task as accomplished, you’ll get a sense of satisfaction, which may be compared to some sort of praise. There are many tools to write a to-do list from paper to online apps.
Dedicate Time for Yourself
When you work and study from home, there will be a risk of abandoning our personal time in favor of more important matters. This factor leads not only to great results but also a concept called burning out.
When people face it, they feel exhausted, demotivated, and apathetic. To avoid this, it is crucial to have time for things you enjoy. It may be a sport, hobby, listening to music, watching movies, seeing friends. Your brain has to relax and get positive emotions to be more efficient in the long run.
No matter if you want to work and study from home, these principles can be applied to any activity. To manage it all, just follow these basic rules, and you’ll see how your productivity boosts.
Good luck with all your endeavors!
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