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3 Reasons Why You Don’t Understand The ONLINE OPPORTUNITY

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The Internet is 25 years old and is still really nothing more than a young adult. If you look at any other technology – for example, cars – you would see that it takes decades before the real innovation and opportunity starts to exist. As is the case with the Internet, we are only just getting started and there are crazy amounts of money to be made online if you have the right intentions.

Recently I heard a story of a guy who had a blog and sold his 45-page eBook for $20 each. Over the last two years he has sold 15,000 copies. That might sound like a lot but if you do the maths he has made $300,000 – the eBook took him two days to write!

If you have dreamed of owning some of the finer things in life then maybe you should jump into the online space see if you can create something that people love, by using your passion for a niche.

Let’s analyse this further below and find out the 3 reasons why most of you still don’t understand the opportunity that exists online.

 

1. Piracy is at an all time low

If you had told me that eBooks and audio would be profitable for any person to sell online I would have thought you were crazy. I am starting to see that this opportunity is becoming more and more real because piracy is becoming less and less. The average person wants to be seen to be doing the right thing, so they happily buy things from iTunes or a website if they feel there is value in it.

A few years back, even if there was value in a product, it was all about trying to get it for free and thanks to torrents this was very easy to achieve. More and more Google is blocking search results from torrent sites and the main torrent providers are being closed down. This means that the ultra savvy IT guys can still find the content you are after, but normal people are finding it harder and harder.

Where am I going with al of this? If you have something to educate people on then the time is now to offer that advice in a media form that works for your niche. Go out there and create a podcast, eBook, blog, piece of software, video or photo collection and don’t be afraid to charge a small fee for it.

The key to this is to be providing some sort of value for free first. Gary Vaynerchuk’s method of JAB, JAB, JAB, RIGHT HOOK is a great strategy to employ. This means in simple terms that you will provide advice 3 times for free and then on the fourth time you will ask for a small purchase. When you have provided someone with something they value they almost feel obligated to make a purchase with you at some point.

 

2. Scale, through social media, is beyond belief

You hear this in so many articles and you are going to keep hearing it on A2S, social media will help you scale your startup better than any other means. There are so many social platforms now and whilst you think the market might be getting crowded, it’s actually allowing you to be much more targeted and explore other avenues that are not Facebook or Twitter. Below are some examples of things that have happened to me that further prove this point.

  • The other day I was searching for cool office layouts and I came across a few on Pinterest. I don’t typically use the platform at all, but I found it a great way to find lots of designs all in one place. I then found one I liked and when I click the picture it took me straight to the builder so I could get a quote. My experience started off as social, but it later turned into a sales process.
  • If I look at some other things I have brought recently then the social journey seems to start without me even realising it. I started following “The Sugar Film” on Facebook because I am a bit of a health buff, and for the last 3 months I have been reading their content on how to be healthy and being consumed by their very provocative pictures. After 3 months of viewing their content, I finally went and watched their movie. My intention at the start of following them on Facebook had nothing to do with purchasing anything, yet I still ended up doing business with them.
  • The same thing happened again on Instagram where one of the success sites I follow regularly posted up cool content that I really loved. Then one day, out of the blue, they said that one of their staff had written a book on success and I should check it out. I ended up buying the book because I found them relevant and trusted their opinion, so when I was looking for a book to read, their opinion was valued in my eyes.
  • Then again, I had another experience a few weeks ago. One of the entrepreneurial events I have been following for the last 18 months had another free event. I went along to meet some cool people like I normally do, except this time around there were some products that they were selling. Having been to their events and liking what their whole vision was, I ended purchasing a few things and introduced a couple of my contacts to their brand, who later ended up purchasing as well.

 

My radar for being sucked into purchasing things online is higher than most and I generally am not a shopaholic, but when I see value in something its only human nature to want to know more. The key to these stories is that the sale happened much later than the first interaction. If you can hold people’s attention long enough then eventually they will be led to a sale if you make it easy and valuable for them. In each of these interactions, the businesses were authentic, real and had my best intentions at heart.

They also all had amazing customer support to back it up (in other words they could answer an email). It is no wonder that more and more millionaires are being born thanks to the online opportunities that now exist, which are being amplified by social.

Mercedes, Audi, Lamborghini thanks to success online

3. Authenticity online doesn’t really exist

Back to my earlier point, a lot of online businesses are still not authentic. The moment you go to their social media or their website it is very obvious that they just want you to buy. The ones that do it well are the ones that spend their time educating you in authentic way. It’s easy as an entrepreneur to create a product or service, and then to put it out into the marketplace, and assume that everyone understands it and knows how to use it.

I have made this mistake many times before and what I now know is that you have to educate in a simple way if you want anyone to ever do business with you – your business is essentially an online education provider. Most of the online businesses I have seen don’t this or when they do, they educate you in a way that’s not authentic and makes you feel like you are going through a sales process.

The only reason you would ever not be authentic online is if you are not trying to provide value or don’t believe that what you have to say is important. Even if your business message has been said before, it may not have been said in the way that you communicate it, and therein lies the value you bring. If what your business does is important and shaking things up then you will naturally be authentic without even trying to be. Allow the mistakes of your business to shine through. Share things that went wrong with your business or product.

“Pull out your smartphone as much as possible and share videos and photos with your audience”

A recent interview I did with Grammarly really highlighted this for me. Their whole marketing revolves around making funny jokes about Grammar and sharing them with the world. Their hope is that you will read a few of their jokes and then ask yourself “who is this company Grammarly that post up all of these jokes?” When I first saw their product I didn’t believe in it and never ended up purchasing it. When I started to research some content on grammar, their brand popped up everywhere and they gradually started to build trust with me. After a while, I tried their product and it actually ended up being what I was looking for.

This is the power of being authentic online and building credibility with an audience!

 

If you know of some other cool online stories please share them with me below in the comments section or message me on LinkedIn.

Tim is best known as a long-time contributor on Addicted2Success. Tim's content has been shared millions of times and he has written multiple viral posts all around personal development and entrepreneurship. You can connect with Tim through his website www.timdenning.net

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13 Comments

13 Comments

  1. Evan

    Dec 22, 2015 at 9:52 am

    Tim,

    Legit! If you don’t understand that the way is moving more and more towards online these days, you’re out of the loop.

    It’s time for more people to understand these possibilities right in front of us that we have to build a brand, share authentic content with people, and educate them sincerely.

    The barrier of entry has never been so low and we will attract and build with communities that we are looking to tap into so much easier!

    Keep moving!

    – Evan

    • Tim Denning

      Dec 30, 2015 at 2:42 am

      Cheers Evan. The speed of change is so rapid and there is so much opportunity for anyone to become an entrepreneur.

  2. Esther

    Jul 9, 2015 at 12:58 pm

    Hi Tim,
    Thank you for this thoughtful article.
    The key take away for me is “In each of these interactions, the businesses were authentic, real and had my best intentions at heart. “
    I am excited that you will write more on Addicted2Success. I will check out now your other articles.
    Thanks,

    Esther

  3. Tayo Giwa

    Apr 8, 2015 at 10:54 pm

    Amazing article coupled with great insight. I strongly believe as well that the future of internet is way broader than what we currently experiencing. Thank you for such piece.

    • Tim Denning

      Apr 23, 2015 at 10:58 am

      No problem Tayo and thanks for taking the time to share your thought. There are so many opportunities out there its not funny.

  4. Aria Naples

    Mar 24, 2015 at 9:22 pm

    You have put it really neatly. There are opportunities available for those who have a passion and genuine desire to share this with others. I agree that if you have the interest of the reader at heart, then they will genuinely buy something from you. I am just starting and have nothing to sell by the way!

    • Tim Denning

      Mar 29, 2015 at 10:42 pm

      Aria thanks for your comment. Even tough your just starting you have already picked up the most important concept. Even if you haven’t got a product or service yet, that’s cool, I am sure you will think of something. Thanks for taking the time to respond.

  5. Raymond Foo

    Mar 23, 2015 at 1:13 pm

    Hey, it is so true about the Jab, Jab, Jab, Hook. I have read a few article about online business. Mostly are doing blogs with that method. Like I will go into some astrology horoscope and after you insert your information, they send you email and with a half way story then a purchase link. Of course, why would you input information, maybe you trust them or curious. And that’s the point, their website interface and some tricks like facebook’s Like or “previous customer” comment made you trust them. They would offer another half way story and discounted purchase link if you didn’t purchase it. And I knew all these tricks and never fall into that. With a half way story, I already know what I should do, I don’t need the further story :D. But not all people are as smart as we are. And another trick, input your email for subscription, email is very important to them. As well as you, Addicted 2 Success. But I don’t mind giving it to you, because I will never buy a product online though. :D. Good Luck.

    • Tim Denning

      Mar 29, 2015 at 10:41 pm

      Raymond you make some good points, although I would never encourage any online business to bait and hook a prospect in order to make a sale. This strategy might work in the short term but in the long term you will ever achieve massive success.

  6. Olivier Charles

    Mar 20, 2015 at 9:38 am

    Thanks Tim for this post ! Really inspiring for all bloggers who try to find a way to monetize their pasion

    • Tim Denning

      Mar 22, 2015 at 9:09 am

      Thanks Olivier and I am glad you found the advice useful. This is the best time in the internet’s history to be a blogger so don’t give up what you’re doing.

  7. Tanner

    Mar 19, 2015 at 7:40 pm

    Hey, really awesome blog post. Lately its been rare to find much quality content here from what used to be offered about a year ago…but this was really good. I like that I learned how to actually increase my odds of success, in an honest and effective way, as well as an easy to implement way. Thank you.

    • Tim Denning

      Mar 22, 2015 at 9:13 am

      Tanner, I am glad you got something from the article, and I hope I have inspired you to keep pursuing business opportunities online. I have some exciting articles coming up in the startup category, over the next few weeks, so stay tuned. If there are any topics, you want covered just drop me a line as your feedback is crucial.

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Startups

10 Small Startups That You Can Build on Your Own Right Now

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Image Credit: Twenty20.com

Having a business of our own is a dream that is very obvious and common all throughout. With the rise in startups and funding options, the market is blooming with successful entrepreneurs. And rightly so! But many ambitious people are seen dropping out of their dream of building a business only because of the funds involved in setting up one! We forget to acknowledge that the idea if planned and executed well, is strong enough to pull in all the investments.

Both Facebook and Microsoft started as very small business ideas and we all know the fate of them in today’s world. The basic idea is to invest your idea and build your own brand out of it. There is a market for startups that is constantly evolving with different niches.

So for anybody looking to start small yet efficient, here’s a list of 10 small startups that you can build on your own as per the current scenario:

1. Blogging/ Vlogging

In the past few years of digitalization, this has emerged as one of the top-notch money-making investments. The cost involved is as meagre as it can get, but the returns are particularly amazing.

Before starting to blog, one has to invest in a domain name and hosting whereas, for vlogging in platforms like youtube, there is no money involved. All it takes is an expertise in any field and the confidence to present it in the best engaging way possible. Bloggers earn through a lot of collaborations and affiliate marketing whereas youtube itself pays it’s users when they reach a good set of engagement through content.

2. Baking

If baking is your passion, it can very well be your profession. Your only big investment is a good oven and then, your skills do the magic! If you’re enthusiastic about baking, you can prepare cakes, muffins, cookies, and homemade bakery items.

The market for this has huge potential as customers are always experimenting on taste and are looking for the best customization. By posting your bakery items online, you can directly connect with your customers and provide economical solutions as per your brand.

3. Stylist

With the rise in competition amongst folks to be more presentable, personal stylists stand a great chance in the market. Most everyday individuals are trying hard to keep a great profile at their display due to the increased demand for visibility.

Coordinating your makeup, your hair, and your dress for the perfect occasion calls for expert advice, and the expert advice comes with money! So put your styling sense on display and get yourself great customers.

4. Developer

This is one of the highest demanding markets if you have the skill for it! A new app or a website is getting developed all the time. From small businesses to public figures to bigger enterprises, everybody has an online presence for their brand. Web developers and App developers are hence, almost every entrepreneurs “go-to” person. The investment is null if knowledge is not counted as one if you already have a good system to back up your codes.

“Things work out best for those who make the best of how things work out.” – John Wooden

5. Event Planning

Starting up with an event management company requires a dedicated human resource with a knack of marketing and networking skills. You could start your office at your home before you earn enough to expand it.

Event planning has become a need in almost every household to offices for it gives people the liberty to enjoy their event without thinking much of it. Event planning is hence a rescue measure nobody forgets to take!

6. Professional Photography

With Facebook and Instagram taking a toll on people, the demand for enriching and captivating pictures has hit people enormously.

People tend to pay chunks of money for video shoots and detailed photography to capture their big days. As a professional photographer, you are in demand for great projects!

7. Interior Designing

A dream home is always designed as per the customer’s choice. And today, almost every house purchased includes the customer getting its interior designed well for their convenience. Interior designers with a decent outreach in the market are a business of their own! The only requirement is to understand the needs and use your own creativity to earn out of it.

8. Food truck

Food at an affordable rate, and one that pleases your taste buds never goes out of fashion. A cafe or a restaurant is out of budget for most people, but renting a food truck along with a good cook is not only trendy but also a cheap investment.

Food trucks have been in the market for quite some time now and are a great spot for food lovers. A food truck also has an advantage of mobility and hence, is a great business idea that can attract crowds.

9. Tutoring

Are you good with understanding psychology and teaching methods? Then this is an exclusive business plan for anybody willing to invest the time. There is a need for quality learning methods and a greater understanding of subjects whether it is a school course, music, or an art. There is almost no investment in teaching except for the time spent. And hence, this is the most cost-effective business.

“Don’t think about your errors or failures; otherwise, you’ll never do a thing.” – Bill Murray

10. Travel agency

A home based travel agency would cost very little since it has to be tied up with a host agency. The time is such that most of the people are at least planning a tour once in a year on average. The cost of setting up a travel agency is less but the commission earned is really worth more than the investment. It is one such happy-go-lucky businesses out in the market!

Every business has its own share of failures and successes. There are a lot of myths associated with starting a new business that you will come across but you should be careful to ditch them. You will understand it only when you give it a try. Try something new, and you’ll never know where it might go.

Which one of these 10 startup ideas resonates most with you and why? Let us know your thoughts below!

Image courtesy of Twenty20.com

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Startups

Working With A Bad Boss Is The Real Soul-Crushing Dream Killer

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Bad bosses are ruining great companies all over the world. The problem is not the people it’s the bosses that they work for.

You know what I’m talking about. We’ve all had one of these bad bosses.

  • They micromanage
  • They promise the world and deliver nothing
  • They overload you and know you’re going to fail
  • They never listen
  • They’re always too busy (busy doing meetings aka socializing)
  • They never back you in performance conversations
  • They get angry at you when you’re doing your best

I could go on for hours.

BAD BOSSES SUCK and are destroying otherwise great companies.


My bad boss

I’m lucky. I’ve only had one bad boss.

This boss would complain to everyone about how bad the company was. He told everyone he wanted to leave except me. I asked him several times and he lied to me. His only trick to motivate me was to remind me that bonus time was right around the corner.

Somehow that bonus was supposed to make up for the fact we hated going to work and it was soul-crushing.

Everything this boss taught me was wrong.

Stab your colleagues in the back on their way out. Bag other bosses and then pretend you didn’t. Never support your team’s personal goals outside of work.

For around six months, while this bad bosses reign of terror lasted, no one wanted to come to work. The best part about work was going home. Even better was long weekends and any excuse not to have to talk with him.

The company had a good name and quality products but the culture had spiraled out of control. This bad boss had become one of many.Conversations at work became nothing more than weekly meetings where everyone would go through what they did and have KPI conversations. It was demoralizing.

I tried to tell him that I discovered a major client was leaving. He ignored it and told me I was wrong. I gave him clear evidence. He still denied it — until the client finally left.


Titles, salaries and bonuses are not enough

Who gives a damn about all of that.

These things feel good for about a day and then they become nothing more than trivial pursuits that don’t mean anything at the end of the day.

Titles, salaries and bonuses are like dog treats used to lure dogs into obeying orders. Is it really acceptable to treat humans in this way and reward them like incentivized dogs that should do as they’re told and roll over?

I’ve had some good bonuses in my career. The best year was when I made no bonus and got the girl I’d always dreamed about.

I’ve had some awesome job titles in my career. The best title was the one of leader which was given to me by the internet after I spent years inspiring people through personal development and entrepreneurship. The titles you appreciate are the ones that don’t describe a department or area of a business.

I’ve had some awesome salaries too. The difference between five figures and six figures is hardly noticeable. I didn’t suddenly go from homeless to driving a Ferrari. In fact, when I had less, I appreciated it so much more. Saving up to buy an iPad felt like a huge achievement.

There are too many bad bosses waffling on about KPI’s and incentives and not enough trying to show their people how to find meaning in their life and do work they love. That’s the work of a good boss”


How do you escape a bad boss?

“Having a bad boss isn’t your fault. Staying with one is” — Nora Denzel

Take responsibility. Do something about your bad boss. Change departments or change companies. Whatever you do don’t give your boss the thumbs up by sticking around. Instead, give them the quiet middle finger and get your ass out of there as quickly as you can.

It’s your responsibility to vote with your career and show them who’s not your boss.

Respect yourself too. Escaping your bad boss is less about them and more about you. If you respect yourself, you’ll escape. It’s not prison. You can use platforms like LinkedIn to find another career. There’s lots of nice people out there that will help you escape your bad boss if you’ll just have the courage to ask them.


Nothing will kill your dreams quicker than a bad boss.

A bad boss can affect you more than you realize. They make you feel sick, they make you lack energy and they don’t support you thus killing your goals and dreams.

You need a good boss that’s willing to let you do projects, do good work, and meet people that are aligned with your dreams. Not working towards your goals each day at work kills your motivation. Keeping a bad boss happy is soul-crushing.

You need positivity, advice, coaching, and the right people to achieve your personal goals. A bad boss is never going to listen to any of that because they are all about themselves and their KPI’s.

Stick KPI’s where the sun don’t shine. No person has ever been or ever will be genuinely motivated by that three letter acronym ‘KPI’ that you bolster on about until we all want to fall asleep”


What does a good boss look like?

Really simple everybody:

  1. They respect you first and you respect them back.
  2. They trust people to do the job and support you to do so
  3. They don’t give you the answer they help you find it for yourself
  4. They have emotional intelligence, empathy and compassion oozing out of them
  5. They appreciate the work you do and the challenges you face
  6. They’ll never ask you to do something they’re not prepared to do themselves (i.e., managers that don’t talk to clients)
  7. They help you to grow by giving you challenges aligned to your own goals

I’ve had many good bosses that follow this format. One such boss got me to attend Toastmasters which not only helped my public speaking but built my confidence.

This same good boss also allowed me to work one day in social media. He’s the reason I now work a four day week, so I can continue that tradition of working one day entirely on social media.


A message for the bad bosses of the world.

You can’t hide any longer.

People are catching on to the fact they can choose any company they want to work for.

“LinkedIn now provides us with endless opportunities to get the hell away from you and meet good bosses”

As freedom in the working world spreads, bad bosses are going to be ignored and therefore be forced into hiding and made extinct like the dinosaurs. Bad bosses, we’re coming for you!

We’re going to silence you through leaving your ass behind.
We’re going to encourage others to do the same.
We’re going to choose ourselves first.

There’s no excuse to be a bad boss….ever.

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Startups

4 Simple Ways to Transform Your Startup Into a Success

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Who said for a startup to become a success it must struggle for years? If planned and executed smartly, any startup can sail on the ship of success without any hurdles.

There are many myths associated with startups like ‘It has to be small because it is a startup,’ or ‘You just need an idea and the rest will follow,’ or even, ‘Investing in marketing or advertising for a startup is a waste”. Just because a startup is something new for you, doesn’t mean it’s new for people too.

There are thousands of others with your same idea already out there in the market. Hence, for your startup to climb the ladder of success as soon as you roll the dice, you better get the right figures i.e you better do what you need to do in the right manner and proportion. Confused? Let us make it more clear to you.

One of the most often quoted statistics is that 50% of all startups fail to survive even five years. And the reasons for their downfalls are so silly that later they repent only if they had taken care of it at the beginning itself, the startup could have survived. A post-mortem of 287 Startups was carried out by CBInsights among which, the common reasons of startup failure that emerged out were:

  • Lack of focus, motivation, commitment and passion
  • The eagerness of scaling too fast
  • Floating with pride and spending a lot
  • Ignoring good pieces of advice and falling into the wrong company
  • Lack of general and domain-specific business knowledge: finance, operations, and marketing and experience
  • Investing blunders and running out of cash
  • Improper budgeting
  • No getting market exposure
  • Poor product/service
  • No business plan/strategy
  • No/Poor marketing
  • Focusing only on profit and not on customers

For a startup to succeed, money and ideas are not enough, it needs a lot of input from your side as well to grow and survive, like your passion, commitment, willingness to adjust, patience and persistence, observation, relationship with all and basic knowledge and skill. But above all, professionalism is the most important factor. Starting small and new is nothing to be taken lightly. How you interact with your investors, clients or customers, matters, after all, they are the one who will make or break your startup.

Here are the 4 simple ways that will reflect your professionalism as well as turn your startup into a success:

1. Two heads are better than one

Go get a co-founder. Studies show that a startup with two founders significantly increases the odds of success. How? Because two balanced and fully invested partners can keep the startup going on their shoulders equally well. A co-founder means you will have someone to rely on, share the load, chip in during critical times, handle responsibilities, motivate each other and so on. In the end, so what you will have to share the fruit of success, at least your startup will have a balanced support which will prevent it from drowning in the future.

Take for example the Mistay Founder Pranav Prabhakar who believes that, “Multiple founders with complementary skills bring in wider perspective to the team. While taking key decisions and at high-pressure situations, it’s always preferable to have someone who can provide support and an alternative perspective,” and hence has Sandeep Jaiswal as the co-founder of Mistay.

According to Sandeep, ‘A co-founder makes it easy to navigate through tough times. A partner with complimenting skill-sets and different style of thinking is important to help avoid mistakes one would otherwise make, he stressed. So having a co-founder is like an extra support for your startup.

“The value of an idea lies in the using of it.” – Thomas Edison, General Electric Co-founder

2. Get a website/app or both

If you are thinking an investment into web/app is a big waste of money, then hello, it’s 2018 and today from kids to oldies, everyone is constantly browsing either on a desktop/laptop or on mobile. Your potential customers, clients and investors are out there on all platforms and to make them learn about your startup, you must have a website or app of yours ready.

If you are still worried about the budget, for starters, host your site on WordPress which is the most popular CMS of the planet. Its versatility and possibilities are endless which you can take benefit of or go for professional pre-made website templates that easily available at affordable prices.

3. Let people know

Branding and marketing both are lifelines for a business and just because you are a startup doesn’t mean you can survive without them. Branding means establishing a professional presence in both online and offline medium. Make your company logo, colour and other identities visible everywhere as much as possible. Give your clients pens, diaries or other stationary items with your company logo, this will remind them of your great service.

Also, spend rightly on marketing even if you are running a single campaign, make it an effective one that creates an impact on the people. Don’t forget to check whether the market is right for your product/service. Marketing at the right time only will prove beneficial. For eg., marketing your summer clothes brand during winter is useless.

4. Deliver what you promised

Sticking with your word creates your professional image and even a slight slip in it will bring down your startup empire. Nothing is more irritating than a business failing to deliver what it promised. Don’t brag about anything it will only lose your potential customers, stain your reputation and in a worse scenario, get you in legal troubles. First, deliver what you told them you can gradually add and inform them if you wish to serve more. Until and unless, as a startup, don’t try to go overboard and create a mess of everything.

“Always deliver more than expected.” – Larry Page, Google Co-Founder

Turning an idea from concept to production is no cakewalk. The eagerness to establish into a giant is understandable, but, why take unnecessary big risks and crash in the end? Better study the market first, define what new you are giving, plan at its best, execute smartly and enjoy the rewards.

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Startups

Don’t Let The New Person Have Lunch By Themselves.

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I joined a new company two weeks ago. I’ve been the new person at work many times before — I know what it feels like. A new workplace is scary, overwhelming and challenging.

What I’m about to share with you makes me incredibly emotional and it’s very close to my heart.

During the week I saw someone else, who was also new, having lunch by themselves.

They walked through the big grey door by themselves, took one look over at all the tables, and then headed towards a table in the corner away from everybody. My heart sunk.

I knew what he was going through and it wasn’t easy. Right as he walked through the door, I was in the middle of a conversation.

Mid-sentence, I said:
“Excuse me for just a second. I’ll be right back.”

People sitting on my table looked at me funny. They knew I was odd and did weird stuff. They were trying to figure out what I was about to do in their own minds.

I’ve always been told that leadership is not about being the boss but setting the right example

I walked over to the other side of the lunchroom. I said:

“Would you like to come over and have lunch with us?”

I wanted him to feel part of the team. The first couple of weeks in any career are make or break — I should know given my recent exit from finance after seven years.


I know what it’s like to be the new person.

I was the new person in insurance.
Then I was the new person in business banking.
Then I was the new person in eCommerce.

Each time I was the new person I felt scared, incredibly fearful, overwhelmed, anxious and self-conscious. Not much has changed really. I still feel like that which is why I’m obsessed with being part of the solution.

The solution is this:

“Don’t let the new person have lunch by themselves.”

Taking the time to make people feel included and like they matter makes a difference. You could be the difference between a new person staying and having an epic time at work, or giving up in the first few months.


The difference is even bigger than you think.

What do I mean? If being the new person doesn’t go well, it can lead to many issues that you may not have realized. The new person could become lonely; the new person could underachieve and be fired; the new person could struggle to make friends.

These issues could lead to a failed career or not being able to pay bills or even mental illness.

As a worst case scenario, these issues could even lead to suicide. The difference of helping that one person to have lunch with the team could be far greater than you realize.


Inclusion is how we cure loneliness.

Loneliness is why we have social media, dating apps and cafes.

No one wants to be that person having lunch by themselves because they feel like they’re not enough or can’t fit in.

The cure to loneliness is inclusion”

You can be the difference by encouraging inclusion.

Be the leader and set the example of inclusion.

Embrace differences in culture, gender, sexual orientation and race.

Stopping someone from having lunch by themselves will teach you far more about life that you might think. Bottom line is this: we’re all the answer. Be inclusive.


One sentence can change everything.

That one sentence “Hey would you like to join us for lunch?” means more than you think. You were the new person once. I was the new person too.

That one sentence can change someone’s perspective.

It’s not about lunch buddies; it’s about leading with heart and being a good human being.

It’s what you must do. Next time you see someone having lunch by themselves, invite them over. If they are too shy to come over, sit down with them and have lunch together.

It’s the simple hacks like this that will change your reality.

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Life

The Guide to Coping With Stress, Anxiety and Failure

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Instead of complaining about the ebb and flow of tough times, we need to learn how to overcome them. We often let bad news cast a pall on our day, but taking it in and moving on with life is what we need to do and that’s a challenge. (more…)

David Lim is a Private Tutor at ChampionTutor. And he is very willing to discuss how to live a stress-free life.

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13 Comments

13 Comments

  1. Evan

    Dec 22, 2015 at 9:52 am

    Tim,

    Legit! If you don’t understand that the way is moving more and more towards online these days, you’re out of the loop.

    It’s time for more people to understand these possibilities right in front of us that we have to build a brand, share authentic content with people, and educate them sincerely.

    The barrier of entry has never been so low and we will attract and build with communities that we are looking to tap into so much easier!

    Keep moving!

    – Evan

    • Tim Denning

      Dec 30, 2015 at 2:42 am

      Cheers Evan. The speed of change is so rapid and there is so much opportunity for anyone to become an entrepreneur.

  2. Esther

    Jul 9, 2015 at 12:58 pm

    Hi Tim,
    Thank you for this thoughtful article.
    The key take away for me is “In each of these interactions, the businesses were authentic, real and had my best intentions at heart. “
    I am excited that you will write more on Addicted2Success. I will check out now your other articles.
    Thanks,

    Esther

  3. Tayo Giwa

    Apr 8, 2015 at 10:54 pm

    Amazing article coupled with great insight. I strongly believe as well that the future of internet is way broader than what we currently experiencing. Thank you for such piece.

    • Tim Denning

      Apr 23, 2015 at 10:58 am

      No problem Tayo and thanks for taking the time to share your thought. There are so many opportunities out there its not funny.

  4. Aria Naples

    Mar 24, 2015 at 9:22 pm

    You have put it really neatly. There are opportunities available for those who have a passion and genuine desire to share this with others. I agree that if you have the interest of the reader at heart, then they will genuinely buy something from you. I am just starting and have nothing to sell by the way!

    • Tim Denning

      Mar 29, 2015 at 10:42 pm

      Aria thanks for your comment. Even tough your just starting you have already picked up the most important concept. Even if you haven’t got a product or service yet, that’s cool, I am sure you will think of something. Thanks for taking the time to respond.

  5. Raymond Foo

    Mar 23, 2015 at 1:13 pm

    Hey, it is so true about the Jab, Jab, Jab, Hook. I have read a few article about online business. Mostly are doing blogs with that method. Like I will go into some astrology horoscope and after you insert your information, they send you email and with a half way story then a purchase link. Of course, why would you input information, maybe you trust them or curious. And that’s the point, their website interface and some tricks like facebook’s Like or “previous customer” comment made you trust them. They would offer another half way story and discounted purchase link if you didn’t purchase it. And I knew all these tricks and never fall into that. With a half way story, I already know what I should do, I don’t need the further story :D. But not all people are as smart as we are. And another trick, input your email for subscription, email is very important to them. As well as you, Addicted 2 Success. But I don’t mind giving it to you, because I will never buy a product online though. :D. Good Luck.

    • Tim Denning

      Mar 29, 2015 at 10:41 pm

      Raymond you make some good points, although I would never encourage any online business to bait and hook a prospect in order to make a sale. This strategy might work in the short term but in the long term you will ever achieve massive success.

  6. Olivier Charles

    Mar 20, 2015 at 9:38 am

    Thanks Tim for this post ! Really inspiring for all bloggers who try to find a way to monetize their pasion

    • Tim Denning

      Mar 22, 2015 at 9:09 am

      Thanks Olivier and I am glad you found the advice useful. This is the best time in the internet’s history to be a blogger so don’t give up what you’re doing.

  7. Tanner

    Mar 19, 2015 at 7:40 pm

    Hey, really awesome blog post. Lately its been rare to find much quality content here from what used to be offered about a year ago…but this was really good. I like that I learned how to actually increase my odds of success, in an honest and effective way, as well as an easy to implement way. Thank you.

    • Tim Denning

      Mar 22, 2015 at 9:13 am

      Tanner, I am glad you got something from the article, and I hope I have inspired you to keep pursuing business opportunities online. I have some exciting articles coming up in the startup category, over the next few weeks, so stay tuned. If there are any topics, you want covered just drop me a line as your feedback is crucial.

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Startups

10 Small Startups That You Can Build on Your Own Right Now

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Having a business of our own is a dream that is very obvious and common all throughout. With the rise in startups and funding options, the market is blooming with successful entrepreneurs. And rightly so! But many ambitious people are seen dropping out of their dream of building a business only because of the funds involved in setting up one! We forget to acknowledge that the idea if planned and executed well, is strong enough to pull in all the investments.

Both Facebook and Microsoft started as very small business ideas and we all know the fate of them in today’s world. The basic idea is to invest your idea and build your own brand out of it. There is a market for startups that is constantly evolving with different niches.

So for anybody looking to start small yet efficient, here’s a list of 10 small startups that you can build on your own as per the current scenario:

1. Blogging/ Vlogging

In the past few years of digitalization, this has emerged as one of the top-notch money-making investments. The cost involved is as meagre as it can get, but the returns are particularly amazing.

Before starting to blog, one has to invest in a domain name and hosting whereas, for vlogging in platforms like youtube, there is no money involved. All it takes is an expertise in any field and the confidence to present it in the best engaging way possible. Bloggers earn through a lot of collaborations and affiliate marketing whereas youtube itself pays it’s users when they reach a good set of engagement through content.

2. Baking

If baking is your passion, it can very well be your profession. Your only big investment is a good oven and then, your skills do the magic! If you’re enthusiastic about baking, you can prepare cakes, muffins, cookies, and homemade bakery items.

The market for this has huge potential as customers are always experimenting on taste and are looking for the best customization. By posting your bakery items online, you can directly connect with your customers and provide economical solutions as per your brand.

3. Stylist

With the rise in competition amongst folks to be more presentable, personal stylists stand a great chance in the market. Most everyday individuals are trying hard to keep a great profile at their display due to the increased demand for visibility.

Coordinating your makeup, your hair, and your dress for the perfect occasion calls for expert advice, and the expert advice comes with money! So put your styling sense on display and get yourself great customers.

4. Developer

This is one of the highest demanding markets if you have the skill for it! A new app or a website is getting developed all the time. From small businesses to public figures to bigger enterprises, everybody has an online presence for their brand. Web developers and App developers are hence, almost every entrepreneurs “go-to” person. The investment is null if knowledge is not counted as one if you already have a good system to back up your codes.

“Things work out best for those who make the best of how things work out.” – John Wooden

5. Event Planning

Starting up with an event management company requires a dedicated human resource with a knack of marketing and networking skills. You could start your office at your home before you earn enough to expand it.

Event planning has become a need in almost every household to offices for it gives people the liberty to enjoy their event without thinking much of it. Event planning is hence a rescue measure nobody forgets to take!

6. Professional Photography

With Facebook and Instagram taking a toll on people, the demand for enriching and captivating pictures has hit people enormously.

People tend to pay chunks of money for video shoots and detailed photography to capture their big days. As a professional photographer, you are in demand for great projects!

7. Interior Designing

A dream home is always designed as per the customer’s choice. And today, almost every house purchased includes the customer getting its interior designed well for their convenience. Interior designers with a decent outreach in the market are a business of their own! The only requirement is to understand the needs and use your own creativity to earn out of it.

8. Food truck

Food at an affordable rate, and one that pleases your taste buds never goes out of fashion. A cafe or a restaurant is out of budget for most people, but renting a food truck along with a good cook is not only trendy but also a cheap investment.

Food trucks have been in the market for quite some time now and are a great spot for food lovers. A food truck also has an advantage of mobility and hence, is a great business idea that can attract crowds.

9. Tutoring

Are you good with understanding psychology and teaching methods? Then this is an exclusive business plan for anybody willing to invest the time. There is a need for quality learning methods and a greater understanding of subjects whether it is a school course, music, or an art. There is almost no investment in teaching except for the time spent. And hence, this is the most cost-effective business.

“Don’t think about your errors or failures; otherwise, you’ll never do a thing.” – Bill Murray

10. Travel agency

A home based travel agency would cost very little since it has to be tied up with a host agency. The time is such that most of the people are at least planning a tour once in a year on average. The cost of setting up a travel agency is less but the commission earned is really worth more than the investment. It is one such happy-go-lucky businesses out in the market!

Every business has its own share of failures and successes. There are a lot of myths associated with starting a new business that you will come across but you should be careful to ditch them. You will understand it only when you give it a try. Try something new, and you’ll never know where it might go.

Which one of these 10 startup ideas resonates most with you and why? Let us know your thoughts below!

Image courtesy of Twenty20.com

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Startups

Working With A Bad Boss Is The Real Soul-Crushing Dream Killer

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Bad bosses are ruining great companies all over the world. The problem is not the people it’s the bosses that they work for.

You know what I’m talking about. We’ve all had one of these bad bosses.

  • They micromanage
  • They promise the world and deliver nothing
  • They overload you and know you’re going to fail
  • They never listen
  • They’re always too busy (busy doing meetings aka socializing)
  • They never back you in performance conversations
  • They get angry at you when you’re doing your best

I could go on for hours.

BAD BOSSES SUCK and are destroying otherwise great companies.


My bad boss

I’m lucky. I’ve only had one bad boss.

This boss would complain to everyone about how bad the company was. He told everyone he wanted to leave except me. I asked him several times and he lied to me. His only trick to motivate me was to remind me that bonus time was right around the corner.

Somehow that bonus was supposed to make up for the fact we hated going to work and it was soul-crushing.

Everything this boss taught me was wrong.

Stab your colleagues in the back on their way out. Bag other bosses and then pretend you didn’t. Never support your team’s personal goals outside of work.

For around six months, while this bad bosses reign of terror lasted, no one wanted to come to work. The best part about work was going home. Even better was long weekends and any excuse not to have to talk with him.

The company had a good name and quality products but the culture had spiraled out of control. This bad boss had become one of many.Conversations at work became nothing more than weekly meetings where everyone would go through what they did and have KPI conversations. It was demoralizing.

I tried to tell him that I discovered a major client was leaving. He ignored it and told me I was wrong. I gave him clear evidence. He still denied it — until the client finally left.


Titles, salaries and bonuses are not enough

Who gives a damn about all of that.

These things feel good for about a day and then they become nothing more than trivial pursuits that don’t mean anything at the end of the day.

Titles, salaries and bonuses are like dog treats used to lure dogs into obeying orders. Is it really acceptable to treat humans in this way and reward them like incentivized dogs that should do as they’re told and roll over?

I’ve had some good bonuses in my career. The best year was when I made no bonus and got the girl I’d always dreamed about.

I’ve had some awesome job titles in my career. The best title was the one of leader which was given to me by the internet after I spent years inspiring people through personal development and entrepreneurship. The titles you appreciate are the ones that don’t describe a department or area of a business.

I’ve had some awesome salaries too. The difference between five figures and six figures is hardly noticeable. I didn’t suddenly go from homeless to driving a Ferrari. In fact, when I had less, I appreciated it so much more. Saving up to buy an iPad felt like a huge achievement.

There are too many bad bosses waffling on about KPI’s and incentives and not enough trying to show their people how to find meaning in their life and do work they love. That’s the work of a good boss”


How do you escape a bad boss?

“Having a bad boss isn’t your fault. Staying with one is” — Nora Denzel

Take responsibility. Do something about your bad boss. Change departments or change companies. Whatever you do don’t give your boss the thumbs up by sticking around. Instead, give them the quiet middle finger and get your ass out of there as quickly as you can.

It’s your responsibility to vote with your career and show them who’s not your boss.

Respect yourself too. Escaping your bad boss is less about them and more about you. If you respect yourself, you’ll escape. It’s not prison. You can use platforms like LinkedIn to find another career. There’s lots of nice people out there that will help you escape your bad boss if you’ll just have the courage to ask them.


Nothing will kill your dreams quicker than a bad boss.

A bad boss can affect you more than you realize. They make you feel sick, they make you lack energy and they don’t support you thus killing your goals and dreams.

You need a good boss that’s willing to let you do projects, do good work, and meet people that are aligned with your dreams. Not working towards your goals each day at work kills your motivation. Keeping a bad boss happy is soul-crushing.

You need positivity, advice, coaching, and the right people to achieve your personal goals. A bad boss is never going to listen to any of that because they are all about themselves and their KPI’s.

Stick KPI’s where the sun don’t shine. No person has ever been or ever will be genuinely motivated by that three letter acronym ‘KPI’ that you bolster on about until we all want to fall asleep”


What does a good boss look like?

Really simple everybody:

  1. They respect you first and you respect them back.
  2. They trust people to do the job and support you to do so
  3. They don’t give you the answer they help you find it for yourself
  4. They have emotional intelligence, empathy and compassion oozing out of them
  5. They appreciate the work you do and the challenges you face
  6. They’ll never ask you to do something they’re not prepared to do themselves (i.e., managers that don’t talk to clients)
  7. They help you to grow by giving you challenges aligned to your own goals

I’ve had many good bosses that follow this format. One such boss got me to attend Toastmasters which not only helped my public speaking but built my confidence.

This same good boss also allowed me to work one day in social media. He’s the reason I now work a four day week, so I can continue that tradition of working one day entirely on social media.


A message for the bad bosses of the world.

You can’t hide any longer.

People are catching on to the fact they can choose any company they want to work for.

“LinkedIn now provides us with endless opportunities to get the hell away from you and meet good bosses”

As freedom in the working world spreads, bad bosses are going to be ignored and therefore be forced into hiding and made extinct like the dinosaurs. Bad bosses, we’re coming for you!

We’re going to silence you through leaving your ass behind.
We’re going to encourage others to do the same.
We’re going to choose ourselves first.

There’s no excuse to be a bad boss….ever.

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Startups

4 Simple Ways to Transform Your Startup Into a Success

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Who said for a startup to become a success it must struggle for years? If planned and executed smartly, any startup can sail on the ship of success without any hurdles.

There are many myths associated with startups like ‘It has to be small because it is a startup,’ or ‘You just need an idea and the rest will follow,’ or even, ‘Investing in marketing or advertising for a startup is a waste”. Just because a startup is something new for you, doesn’t mean it’s new for people too.

There are thousands of others with your same idea already out there in the market. Hence, for your startup to climb the ladder of success as soon as you roll the dice, you better get the right figures i.e you better do what you need to do in the right manner and proportion. Confused? Let us make it more clear to you.

One of the most often quoted statistics is that 50% of all startups fail to survive even five years. And the reasons for their downfalls are so silly that later they repent only if they had taken care of it at the beginning itself, the startup could have survived. A post-mortem of 287 Startups was carried out by CBInsights among which, the common reasons of startup failure that emerged out were:

  • Lack of focus, motivation, commitment and passion
  • The eagerness of scaling too fast
  • Floating with pride and spending a lot
  • Ignoring good pieces of advice and falling into the wrong company
  • Lack of general and domain-specific business knowledge: finance, operations, and marketing and experience
  • Investing blunders and running out of cash
  • Improper budgeting
  • No getting market exposure
  • Poor product/service
  • No business plan/strategy
  • No/Poor marketing
  • Focusing only on profit and not on customers

For a startup to succeed, money and ideas are not enough, it needs a lot of input from your side as well to grow and survive, like your passion, commitment, willingness to adjust, patience and persistence, observation, relationship with all and basic knowledge and skill. But above all, professionalism is the most important factor. Starting small and new is nothing to be taken lightly. How you interact with your investors, clients or customers, matters, after all, they are the one who will make or break your startup.

Here are the 4 simple ways that will reflect your professionalism as well as turn your startup into a success:

1. Two heads are better than one

Go get a co-founder. Studies show that a startup with two founders significantly increases the odds of success. How? Because two balanced and fully invested partners can keep the startup going on their shoulders equally well. A co-founder means you will have someone to rely on, share the load, chip in during critical times, handle responsibilities, motivate each other and so on. In the end, so what you will have to share the fruit of success, at least your startup will have a balanced support which will prevent it from drowning in the future.

Take for example the Mistay Founder Pranav Prabhakar who believes that, “Multiple founders with complementary skills bring in wider perspective to the team. While taking key decisions and at high-pressure situations, it’s always preferable to have someone who can provide support and an alternative perspective,” and hence has Sandeep Jaiswal as the co-founder of Mistay.

According to Sandeep, ‘A co-founder makes it easy to navigate through tough times. A partner with complimenting skill-sets and different style of thinking is important to help avoid mistakes one would otherwise make, he stressed. So having a co-founder is like an extra support for your startup.

“The value of an idea lies in the using of it.” – Thomas Edison, General Electric Co-founder

2. Get a website/app or both

If you are thinking an investment into web/app is a big waste of money, then hello, it’s 2018 and today from kids to oldies, everyone is constantly browsing either on a desktop/laptop or on mobile. Your potential customers, clients and investors are out there on all platforms and to make them learn about your startup, you must have a website or app of yours ready.

If you are still worried about the budget, for starters, host your site on WordPress which is the most popular CMS of the planet. Its versatility and possibilities are endless which you can take benefit of or go for professional pre-made website templates that easily available at affordable prices.

3. Let people know

Branding and marketing both are lifelines for a business and just because you are a startup doesn’t mean you can survive without them. Branding means establishing a professional presence in both online and offline medium. Make your company logo, colour and other identities visible everywhere as much as possible. Give your clients pens, diaries or other stationary items with your company logo, this will remind them of your great service.

Also, spend rightly on marketing even if you are running a single campaign, make it an effective one that creates an impact on the people. Don’t forget to check whether the market is right for your product/service. Marketing at the right time only will prove beneficial. For eg., marketing your summer clothes brand during winter is useless.

4. Deliver what you promised

Sticking with your word creates your professional image and even a slight slip in it will bring down your startup empire. Nothing is more irritating than a business failing to deliver what it promised. Don’t brag about anything it will only lose your potential customers, stain your reputation and in a worse scenario, get you in legal troubles. First, deliver what you told them you can gradually add and inform them if you wish to serve more. Until and unless, as a startup, don’t try to go overboard and create a mess of everything.

“Always deliver more than expected.” – Larry Page, Google Co-Founder

Turning an idea from concept to production is no cakewalk. The eagerness to establish into a giant is understandable, but, why take unnecessary big risks and crash in the end? Better study the market first, define what new you are giving, plan at its best, execute smartly and enjoy the rewards.

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Startups

Don’t Let The New Person Have Lunch By Themselves.

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I joined a new company two weeks ago. I’ve been the new person at work many times before — I know what it feels like. A new workplace is scary, overwhelming and challenging.

What I’m about to share with you makes me incredibly emotional and it’s very close to my heart.

During the week I saw someone else, who was also new, having lunch by themselves.

They walked through the big grey door by themselves, took one look over at all the tables, and then headed towards a table in the corner away from everybody. My heart sunk.

I knew what he was going through and it wasn’t easy. Right as he walked through the door, I was in the middle of a conversation.

Mid-sentence, I said:
“Excuse me for just a second. I’ll be right back.”

People sitting on my table looked at me funny. They knew I was odd and did weird stuff. They were trying to figure out what I was about to do in their own minds.

I’ve always been told that leadership is not about being the boss but setting the right example

I walked over to the other side of the lunchroom. I said:

“Would you like to come over and have lunch with us?”

I wanted him to feel part of the team. The first couple of weeks in any career are make or break — I should know given my recent exit from finance after seven years.


I know what it’s like to be the new person.

I was the new person in insurance.
Then I was the new person in business banking.
Then I was the new person in eCommerce.

Each time I was the new person I felt scared, incredibly fearful, overwhelmed, anxious and self-conscious. Not much has changed really. I still feel like that which is why I’m obsessed with being part of the solution.

The solution is this:

“Don’t let the new person have lunch by themselves.”

Taking the time to make people feel included and like they matter makes a difference. You could be the difference between a new person staying and having an epic time at work, or giving up in the first few months.


The difference is even bigger than you think.

What do I mean? If being the new person doesn’t go well, it can lead to many issues that you may not have realized. The new person could become lonely; the new person could underachieve and be fired; the new person could struggle to make friends.

These issues could lead to a failed career or not being able to pay bills or even mental illness.

As a worst case scenario, these issues could even lead to suicide. The difference of helping that one person to have lunch with the team could be far greater than you realize.


Inclusion is how we cure loneliness.

Loneliness is why we have social media, dating apps and cafes.

No one wants to be that person having lunch by themselves because they feel like they’re not enough or can’t fit in.

The cure to loneliness is inclusion”

You can be the difference by encouraging inclusion.

Be the leader and set the example of inclusion.

Embrace differences in culture, gender, sexual orientation and race.

Stopping someone from having lunch by themselves will teach you far more about life that you might think. Bottom line is this: we’re all the answer. Be inclusive.


One sentence can change everything.

That one sentence “Hey would you like to join us for lunch?” means more than you think. You were the new person once. I was the new person too.

That one sentence can change someone’s perspective.

It’s not about lunch buddies; it’s about leading with heart and being a good human being.

It’s what you must do. Next time you see someone having lunch by themselves, invite them over. If they are too shy to come over, sit down with them and have lunch together.

It’s the simple hacks like this that will change your reality.

Continue Reading

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