Connect with us

Startups

5 Time Management Tips For Lazy Entrepreneurs

Published

on

management tips

Admit it, building a business is tough.

You have a million different things to do, and you must prioritize from a list as long as the Nile.

It drives you nutty sometimes, right? You complete one task and 10 more pop up.

You question your decision to take the entrepreneurial route to save you from the nine-to-five grind, especially now that you’re working twelve-hour days with no end in sight.

So you do the only thing you know how to do. You knuckle down and work even longer hours, clinging to the hope that suddenly everything will become easier.

Yet, you know that won’t work either. Fortunately, the solution to your entrepreneurial woes is more simple than you think — become a lazier entrepreneur.

Why the most successful entrepreneurs are the laziest

Society has always frowned upon laziness, but I have always seen it as a talent. The laziest people are normally the most driven and successful.

Think about it for a second, lazy people want to spend the least amount of time on any given job so they can have fun.

Which of the following scenarios represents less time expended?

  1. A client emails you asking for an invoice, but you put it off. You take one minute to read it. You spend five minutes pondering a reply over dinner, and you re-read the email before replying the next day.
  1. You read the email and send a reply instantly.

 

Ironically, which option represents less effort for a lazy entrepreneur? Which option allows you to grab drinks with your friends or watch a movie with your family without worrying about work?

So it’s time you became a lazy entrepreneur.

It’s time you worked less and became more efficient, and, most importantly, its time you gained the freedom that inspired you to begin entrepreneurship in the first place.

“Progress isn’t made by early risers. It’s made by lazy men trying to find easier ways to do something.” – Robert A. Heinlein

5 Ways to work less and do more

Time management is a skill, but you’ll only use it if you have a good reason to. It’s extremely easy to fall back into working long hours, especially when entrepreneurs seem to compete for the most hours worked.

Efficiency and results should be your only aim, not the length of time worked.

So before you jump headfirst into testing these tips, make sure you’re ready to smash your efficiency levels and work less.

It’s pointless if you don’t actually want to work fewer hours. If you get an ego boost by gloating about that 80-hour week, stop reading now.

But if you’re like me and want the freedom, wealth, and happiness you deserve, beat your ego with the following tips.

 

1. Cut work that doesn’t truly matter

This is one of the hardest things to do, but analyze how you spend your time and what results you actually want from that time.

80% of your wealth will come from 20% of your work, so cut wastage. Only focus on work that brings in the money you desire.

To do that, you must understand what your goals are.

As a founder, are you looking to increase gross profit, net profit, or spare time?

When you’ve chosen your goal, you must track and understand where you stand right now.

Which clients are your most profitable and easiest to work with? Once you’ve figured this out, ruthlessly cut the other clients that eat up your time and profit.

“Nothing is less productive than to make more efficient what should not be done at all.” – Peter Drucker 

2. Do everything last minute

Let’s imagine you have to write a press release, and you only have one hour to write it.

I bet you would complete it on time.

I also bet that if you had twenty hours to complete it, you’d end up taking twenty hours.

You would spend your time collecting useless facts that you wouldn’t even use, and you’d write and rewrite until you reached perfection.

This phenomenon is based on the Parkinson’s Law where “work expands so as to fill the time available for its completion.

So force yourself to do work at the last minute, and set a time limit to make sure you get it finished and don’t run over.

 

3. Train yourself like you would train a puppy

Do you know that every time you stop halfway through your work to grab a coffee or similar distraction, you are training your body to have bad habits?

Such actions are analogous to training your dog to sit, yet giving him a treat when he plays dead instead.

So if you want to keep your mind focused, you must train yourself like a puppy.

When you finish your work, you get a treat.

This will teach you to work harder and stay focused longer so you can get a break and grab that coffee.

Sounds a bit weird, but it works.

 

4. Stop wasting energy on pointless tasks

I woke up one morning, grabbed breakfast, and then picked up my phone and read two articles about a new live streaming app.

This led to me downloading the app and playing with it a bit.

Before I knew it, one hour had disappeared.

Has this happened to you?

I bet it has, so to avoid such pitfalls, you must have one aim only.

Seriously, only one aim!

It could be building your email list or designing your logo, but create one thing to focus on.

This gives you a reference point you can refer to when considering and doing other activities throughout the day.

You are an entrepreneur; your job is to succeed. So next time you pick up that new article, app, or social network, ask yourself, “How will this help me reach my dream? How will it help me reach freedom?”

Chinese-Proverb-Picture-Quote
 

5. Skip your meetings

That’s right, I said it.

Meetings are a waste of time and energy. Stop lying to yourself.

Do you truly need to go to the next meeting you’ve got arranged?

Would emailing the information be more effective?

Even better, could you use team collaboration software like Basecamp and just cut out all meetings?

Most meetings are just distractions and excuses not to get the critical work done.

So rethink your meetings.

Will they add to your productivity and efficiency or take away from them?

 

Its your turn

You started your company to build freedom in your life.

You built your website, brought your first client on board, and made that first dollar for one thing.

Freedom!

So stop working long, grueling hours, and start working smarter.

Start being lazy and efficient, and start using your time only on the things that matter to you and your goals.

This is your opportunity to radically transform the way you work.

Start living the type of happy, fulfilling life you truly desire.

 

Edward Noel is on a mission to stamp out anxiety and fear in talented Individuals. Download The 5 ultimate tools every lazy entrepreneur needs.

Advertisement
8 Comments

8 Comments

  1. Pinki

    May 4, 2015 at 2:24 am

    Thanks for suggesting- Do everything at last minute.

  2. Chanelle

    Apr 28, 2015 at 6:26 am

    Love it! I agree with all except for #2. I hate doing things last minute because it causes me stress. Though I work well under pressure I like to prioritize my list and get things done as early and quickly as possible so I have time to revise if needed get consensus etc and strike it off my list. I do strongly agree with number 5. A lot can be accomplished by phone or email. Commuting to a meeting is sometimes pointless. Give me an agenda and if I have nothing to contribute or have no reason to be there, I will not go. I can do 10 times more things with my time than sitting in a meeting.

    • Edward

      Apr 30, 2015 at 8:06 am

      Chanelle,

      Glad you liked it! I agree number 2 can be scary and puts a lot of pressure on you. It was looking at it from an efficiency sense with the aim to stop you from procrastinating. Which is something I am very guilty of… Especially as game of throne has just come back on!

  3. Jiliane

    Apr 27, 2015 at 5:32 pm

    I love this! It makes me feel less guilty about the way I do things.

  4. Doensie

    Apr 27, 2015 at 3:01 pm

    The problem with the second tip is that people tend to underestimate the time needed for any work. So, as you said, set a time limit, but perhaps it’s better to set it 19 hours before the deadline.

  5. Abuzar Tariq

    Apr 26, 2015 at 6:21 pm

    Very helpful post. Doing things at last minute is so true i experienced this in my daily routine.

  6. Bethany @ Online Therapy and Coaching

    Apr 25, 2015 at 11:41 pm

    Thank you for this! Great suggestions! I look forward to the day when I can stop going to meetings and focus on what truly matters. 🙂

    • Edward

      Apr 30, 2015 at 8:09 am

      Glad you liked them Bethany,

      I think we are all looking forward to that day! But hopefully as companies are becoming more savvy with the use of collaborative softwares such as basecamp or Asana soon we can all work from the comforts of our own home!

      Hope they help 🙂

Leave a Reply

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

Startups

5 Steps to Regaining Stability After Your Million Dollar Business Idea Fails

Published

on

business failure

You probably must have heard that seven out of ten businesses fail within the first ten years of their conception. While this revelation might seem alarming, the fact remains that business failure is like a cake from which every entrepreneur must have, at least, a bite.

The common assumption of most entrepreneurs is that businesses with no solid ideas are the ones that fail. So instead of taking their foot off the ground, they spend years trying to come up with the “million-dollar” idea they believe won’t fail.

No doubt, bad business ideas lead to failure often. But the truth is, business failure isn’t a tale that only organizations with bad ideas tell. Because, in most cases, good ideas fail too. In fact, several good ideas executed by some of the world’s most successful business leaders in the early stages of their careers, failed.

Bill Gates, co-founder of Microsoft Corporation, once started Traf-O-Data alongside Paul Allena data-analyzing company that failed. Steve Jobs, while he was CEO at Apple, launched Apple Lisa, Apple III and other great products that failed. Henry Ford, the founder of Ford Motor Company, earlier launched two automotive companies that failed.

Although these entrepreneurs encountered failure, they never allowed it prevent them from working towards success.

In case your good business idea has failed and you’re about quitting, below are five actionable steps you can take to regain stability:

1. Accept the truth

Many entrepreneurs are suppressed by their failures because they keep running from the truth. When a business idea fails, it’s pointless shading the truth or shying away from the reality. A failed business idea is a failed business idea, period! Microsoft, for example, came into existence as a result of Gates’ ability to accept the truththat Traf-O-Data had failed.

Steve Jobs, co-founder of Apple, once said, “If I try my best and fail, well I have tried my best.” Once business owners learn to accept the bitter truth that their excellent business idea has failed and cease investing their time, money, and energy trying to breathe life into it, getting back on track will become less difficult.

“The world won’t care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.” – Bill Gates

2. Take responsibility

One of the many wrong steps business owners and executives take after their great business idea fails is playing the blame game—that is, giving excuses for their failure. Whether you head an Inc. 500 company or a mom-and-pop store, you have to take responsibility when your good business idea fails.

Taking responsibility, in the case of a large organization, doesn’t mean avoiding to discipline anyone whose incompetence directly led to the failure. Rather, it means spending less time on passing blames and giving excuses, and focusing more on the way forward. Instead of shifting blame when a good business idea fails, take responsibility for the failure and ensure you prevent similar failures from reoccurring.

3. Ask “why?”

For every failure a business experiences, there’s always a cause. Most times, good ideas fail due to poor execution, improper planning, wrong managerial decisions and the absence of professional hands. Knowing every failure has a cause, you need to ask yourself, “Why did ‘X’ business idea fail?”

Bill Gates, one of the world’s most successful business leaders, once said, “It’s fine to celebrate success, but it is more important to heed the lessons of failure.” When you know the cause of the failure, you will be able to extract a lesson or two from the unpleasant event. These lessons, in the future, can serve as a mapguiding you on the pathway to success when you embark on a similar quest.

4. Avoid negativity

In entrepreneurship, failure is one ingredient that makes the journey worthwhile. Therefore when a business idea fails, entrepreneurs are left with only two options: to come up with a new idea or modify the existing one, and get going. Although this is the norm, many entrepreneurs never make it back up because of one thing: Negativity.

Negativity (or pessimism) alone can ravage any entrepreneur’s business journey. Embracing self-doubt, spending time with toxic individuals, and submitting one’s self to chance are loopholes through which negativity steps in to ruin an entrepreneur’s career. To gain stability after your good business idea fails, you must abstain from pessimistic thinking and build relationships with positive, like-minded individuals.

“Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality.” – Bruce Lee

5. Take the punches and keep moving

The ability to get up and keep moving after experiencing multiple failures is what differentiates real entrepreneurs from “aspiring” entrepreneurs. Or borrowing Steve Jobs’ words, “I am convinced that about half of what separates successful entrepreneurs from the unsuccessful ones is pure perseverance.”

You are an entrepreneur. One with a goal, vision, and mission. You didn’t start out as an entrepreneur believing the journey would be filled with rainbows and unicorns, did you? When your best business idea fails, remember that you are an entrepreneur. And in entrepreneurship, throwing in the towel sooner than necessaryeven after experiencing failureis against the rules of the game.

How do you recover from a set back?  Comment below!

Continue Reading

Startups

‘Computer Says No’ Type People Are The Problem.

Published

on

Saying no without listening is the problem.

It’s the cause of why we fail to innovate. It’s a form of arrogance that focuses all of our energy on our own selfish thoughts. This never-ending pursuit of one’s self-importance is the cause of everything, as a human race, we do not want.

 

Ciggies, Panadol and Coke Zero enter the room.

Last week, I had a profitable business idea squashed by one of those computer says no types that this article is based on.

She entered the room.
Before I opened my mouth, she looked like she was pissed off and acted superior.

She then placed her half-smoked packet of ciggies, her full bottle of Coke Zero (who’s fooled by this so-called ‘healthy option’) and a fresh packet of Panadol on the table. If that’s not a cocktail of problems right, there then I don’t know what is – back to the story.

I explained the business proposition, and before I finished, she said no.

“That’s not how we do things.”
“Let’s create a project.”
“Let’s write a strategy.”
“We don’t have the resources.”

When is it ever the right time? When will we ever have the right strategy? From what I’ve seen, a project equals taking our time and wasting our competitive advantage. Success is about moving quickly. Success is about listening. Success is about trying new things and not following the old way.

 

It’s the lack of emotion that is the problem.

This story above was disappointing for the fact that there was no emotion. It wasn’t two people having a conversation; it was one person being unemotional like a computer and spitting out a generic answer, while the other person just wanted to be heard.

 

No one has all the answers.

The computer says no mindset suggests that there is a hierarchy. It suggests that some people should be worshipped while others should bow down. This old model of the business world died a long time ago.

“We’re all global citizens that are equal and deserve to be heard”

The very answers these computer says no people think they have are what needs to change. Their answers are built on old models and need an upgrade. There is no one answer. The solution to different problems is never the same and the solutions are forever changing. The market is forever changing. People are forever changing. Nothing is static. Everything is in flux.

 

They don’t listen; they just say no.

Listening is where everything begins. You’ll never be successful unless you learn to listen. Listening is a skill and it’s forgotten way too often. Less is more. Understanding the problem and being brilliant is in the listening.

“Most of the answers you seek are hidden in the dialogue you’re currently ignoring”

 

Next time the computer says no, tell the computer you’re only accepting yes.

Let’s not make this a whinge session. What can we do about these computer says no people? Tell them that you’re only accepting yes. Be relentless. Challenge them and make them feel uncomfortable. Don’t allow yourself to be ignored. Do all of this with respect.

Part of what causes these no responses is laziness. It’s easier to say no than it is to exuberate energy and try to say yes. Now I’m not saying the Panadol, Coke Zero and ciggies were the entire cause (or am I?) but energy sure plays a part. When we’re living in a state of perpetual tiredness, we make dumb, computer says no, decisions.

You do have energy though. Your energy can break through the no’s and somehow find a way to get to a yes. Don’t accept defeat. Refuse to fail.

 

It’s easy to say no.

No requires very little thought. No says “Let’s just remain the same and not change anything.”

No is the easy way out for these computer says no people. Don’t let them win so easily.

See their weakness for saying yes and challenge it.

 

Make them work for their no.

Get them to give you clear and articulate reasons as to why the answer is no. Don’t let them get away with being lazy. Force factual evidence to be provided. Bring other people in to support your rationale for them to say yes. Go up the line. Speak to their boss if you have to.

Whatever you do, make them work for their no. Don’t allow them to get away with being lazy.

Don’t let the human race fail to progress because someone is not willing to use critical thinking and spend time tackling issues head-on.

 

No doesn’t mean no.

No means not right now.
No means I’m scared.
No means I don’t understand.
No means I might be threatened by you.

Try to find the true meaning of why you’re being told no. Computer says no type people are often fearful and scared of uncertainty. They look for proven ways rather than going into the shadows and searching for the unknown – also known as a new approach.

 

All is not lost.

These people can be changed. We can change their mindset. All of us need to be part of the solution to stamp out this epidemic. Pointing out the problem is not enough; we must empower each other to be part of the solution.

 

***Final Thought***

Computer says no people are tearing apart good ideas. They’re preventing innovation and they must be stopped. You have the power to force them to change and to listen. It begins and ends with each one of us not allowing this mediocrity in our communities, companies and social lives to continue on.

I declare Computer Say’s No Behaviour unacceptable.

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

Continue Reading

Startups

Process And Red Tape Does Not Equal Progress.

Published

on

The corporate world has taught me the truth about process and red tape:

“Process creates people who follow it and believe they are superior for doing so. The reality is that the people who question the process are the true heroes”

Obviously, some process is needed, but the traditional way makes no sense.

Here’s how to rethink process:

 

Most processes lack critical thinking.

Ask yourself “Why are we following this process?”

Modern business requires you to think and know why you do what you do. Just because it’s the way it’s always been done, does not make it’s functional or practical. My grandpa’s horse and cart was functional back in the 1920’s and today it’s a useless pile of junk.

Critical thinking is needed with respect to “process.” Don’t become a process sook.

 

A lot of processes are kept beyond their expiry date.

The challenge is that the digital world is moving so fast. The moment you invent a process, the customer starts to do something different. That’s why a flexible process with minimal framework is ideal.

The process must move with the market and the people who use the process.

” Too much process turns people into critics that ridicule anyone who goes ‘outside of process’ “

Process can quickly become a means for people to become critical and insult each other. Going outside of the process to make business happen (which pays the bills) is not something that should be looked down upon. Instead, when this happens, we need to ask why the process wasn’t suitable.

 

Every process should regularly be reviewed.

Okay, so you have to have a process for something. It needs to be continually challenged.

Why do we have this process?
What do customers think of it?
Is it still timely?
Are there any steps in the process we can remove?

Out of date processes are destroying your business and if you are working for a company that has to follow them, you become de-motivated quickly.

There’s always another business you can work for that doesn’t have the same dumb process, so keeping people becomes hard as well thanks to too much process.

 

Rounding up things together like sheep.

You can’t round people and businesses up like a flock of sheep.

No two people are the same.
No two businesses are the same.

Unfortunately, very few business and people are the same. I rejoice that fact otherwise life would suck big time. We’d become even more bored and spend more time looking at a not so smartphone.

Embrace individuality. Let people think outside the process box. You’ll be amazed by the results. You might even build the next Facebook by doing so. When I see a black cat, with a white spot on it’s back, walk under a ladder, I shout out loud and do a dance!

Praise the heavens for the fact that the black cat is busting an ancient superstition. It’s time to sing Superstitious by Stevie wonder and get back in the groove.

 

Process kills innovation.

For the record, I hate the word innovation. It’s a buzz word that is frequently used and rarely practiced. Innovation can only thrive when we have a growth mindset. A growth mindset says that nobody is right and nobody is wrong. We’re all right in our own way and we are all continuously learning.

You can’t have an innovative culture or workplace if you suffocate it with the lethal gas that is too much process. Process turns dreamers (innovators) into deranged zombies that can’t wait to get home and get drunk.

 

Imagine if Uber followed the process.

That’s right: What if Uber did what every other taxi company did? We’d have the same broken system that doesn’t serve the customer or the driver. We’d never know what it was like to book a service, and then walk away without pulling our wallet out.

 

Frustration with “the process” is good.

You know why I love it when people get pissed off at too much process? Because it creates the seed of entrepreneurs. Entrepreneurs can’t take too much process and they end up proving people wrong by going and doing something better themselves.

If people didn’t get pissed off by out of date process, then we wouldn’t have a lot of the tech giants we have today. So again, don’t let the negativity take over. Take the negativity that is process and go and fix the problem, and charge money for it.

For those that do, I look forward to your email in the future that says thank you. Your welcome for these words I write which encourage you to stand up to BS process that makes no sense. Rebels move the world forward with their passion and they spit in the face of being suppressed by mediocrity.

We all have potential.
We can all do crazy, awesome stuff.
Don’t let too much process ruin the fun party!

 

In conclusion….

Process kills dreams.
Process kills companies.
Process kills ideas.
Process kills people and their potential.

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

Continue Reading

Startups

How To Create Exponential Growth In Your Company Using This Simple Strategy

Published

on

company growth

When it comes to business, the more of it you have, the easier it is for the business owner to see where the business will be in five, ten, even fifteen years. Good business is what we want, but great business is what we dream of having.

If you’re an entrepreneur with a startup company, or maybe you’re an old pro cultivating business every day, there’s one thing we can all agree on. Having more business and creating more success within our business would be a great end result at the end of this year.

But what is the secret? It seems some people blast out of the entrepreneurial gate and people immediately gravitate to them, while others get lost in the crowd and struggle for six months before finally giving up their dream. While this is a sad depiction of what could be in store for your business, it doesn’t have to be like this.

Enter Rohan Sheth, a self-made success who used to work the counter at McDonald’s but now runs the CEO desk at Rohan Sheth Consulting, a multi-million dollar company helping entrepreneurs realize their dreams. If anyone knows the secret of creating exponential growth within their company, it’s Mr. Sheth, and he explains these well-known, but little practiced strategies that can explode your business.

1. Stay Consistent

First and foremost, Mr. Sheth described consistency as one of the key parts in building a successful business. He says, “Legitimate consistency with engagement for your business will show relevancy with your audience and allow them the opportunity to connect with you on a personal level.”

Being consistent within your target audience begins to build a sense of trust and expertise within your community and it’s important to understand what your target market wants and needs and sticking to a plan which delivers on these needs daily/weekly.

If your priority on social media marketing is your Instagram account, then make a plan and stick with it. Post consistent and valuable content which will plant a seed within your congregation making you stand out from the rest of your competitors. Remember, if you’re constantly selling to them, they’re not going to listen. It takes perfect timing to understand when to sell and when to continually deliver content that will meet their needs.

Eventually, your consistency will begin to be shared by your audience. When this happens, they will begin expecting something from you at certain times throughout the day or week. For instance, let’s say you have a YouTube channel where you always upload a helpful video every Friday. After you have consistently shown your viewers you can deliver on what you promise, they will pounce on your video’s every time you upload them.

“Success isn’t always about greatness. It’s about consistency. Consistent hard work leads to success. Greatness will come.” – Dwayne Johnson

2. Build the Relationship

In the online world of business it can be very tempting and even easy to fall prey to data and statistics. Sometimes you may even find yourself pouring over data sheets and getting excited when a line goes up or down.

While statistics are a reliable way to grow your business, it’s not the way to build a personal relationship with that one person who needs your services. No one person is unimportant. Each individual within your reach has the power and the potential to reach hundreds, even thousands of their friends when you take the time to show them you really care. So how does this part happen?

This is when you get down and dirty and jump in the mix in your social channels and your email list. Reply to comments, answer questions, reach out and offer your services and advice when you see someone in need. These are all barrier breakers in the relationship building process and can mean the difference of someone walking away and becoming a high value brand ambassador for your business later.

I realize once your business grows on social media, you will begin to have more people than you’ll know what to do with. Nonetheless, it’s still important to reach out as much as possible and show the face behind the brand. When your audience does start to get large, think about creating opportunities with your channels or pages which can provide a sense of belonging to your target market.

For instance, give the mass of followers you have retained a name. This will make them feel like they are part of the bigger picture and will draw them in and help the relationship building process grow between them and your brand.

3. Solve a Problem For The Masses

In order to encourage exponential growth within your company you need to be making use of the technology around you.

Technology is enabling organizations to reach entirely new markets in massive and viral ways. As the world’s population approaches 7.5 billion, companies and organizations with exponential business models can help close the gap between our growing population and the resources they need.

Many companies start with one core offering to customers to serve one need—like Uber and personal transportation—then expand their services to meet other needs, like UberEATS or UberHEALTH.

Mr. Sheth says to learn about your audience through the data and statistics and develop a plan which can solve these bigger problems they are having. This is more like relationship building on steroids and works well when you have a larger audience. Because the audience is larger, when you do solve the problem, they feel the need to tell their friends about it and here comes the flood of new visitors to your business.

“There was never a night or a problem that could defeat sunrise or hope.” – Bernard Williams

In Conclusion

Every entrepreneur wants to realize their dream of owning a successful business which can touch the hearts, minds, and wallets of every person in their target market. But you cannot do that until you have a plan which will keep you and your team on track. Mr. Sheth’s strategies can help you develop these techniques and when you apply and tweak them according to your personal goals you will start to see your business growing exponentially within your niche.

Is it your goal to own a business or grow the business you’re currently in? If so, share with us in the comments how you are going about it so we can help everyone.

Continue Reading

Trending

Success Advice

We Are Our Minds: How To Train Your Mind.

Published

on

I didn’t achieve a lot this year without my best tool: my mind.

This complex maze of nerves and pink stuff (I know jack about medicine) has helped me overcome: a fear of public speaking, a fear of flying, relationship challenges and most of all; it’s helped me to write hundreds of blog posts that have given me more opportunities that you could ever imagine.

Through mastering my mind, I became the person I am today. I gave my mind inputs that I knew would strengthen it.

I stopped my mind from consuming the negative news.
I fed my mind it’s favorite flavor of food: books.
I told my mind that failure was not an option.
I taught my mind discipline.

Ultimately, I transformed my mind and it shaped who I’ve become today.

The person you’re seeing today is a direct result of my mind. We are our minds, so it’s time to dig a little deeper into the universe that is our mind. It’s time to take back control through your mind.

 

Our minds become weak in slow incremental ways.

Missed the gym for a week?
Ate chocolate having had none for the last two years?

Your mind doesn’t let you down after one major mishap: your mind becomes weak slowly. This slow pace of demise can easily go unnoticed if you’re not careful. The little decisions you make contribute in a big way to the slow demise of your willpower.

“Without willpower, your mind will take the road of least resistance. Practice teaching your mind discipline”

 

It’s the opposite for strengthening our mind.

Try doing big crazy stuff to get you out of your comfort zone. You can try taking small steps to strengthen your mind but you’ll find your willpower starts off at a very low base. The moment your mind feels like it’s not having any major wins, it will tempt you to give into doing things you want to avoid doing.

 

You are a reflection of your mind.

Everything you do reflects how your mind thinks and behaves. That may sound all scientific – and I’m not meaning it to. You control your mind. We become what our minds think when we control it. If you want something, then you have to start telling your mind to do it.

Tell your mind you want to wake up early. Tell your mind you want to stop being afraid. Tell your mind that you have the capacity to make a million dollars. Your mind will believe what you tell it to, followed by the actions you take that backup the thoughts you place in your mind.

 

Make your mind do this.

Be more disciplined.
Be powerful.
Be more positive.

Filter out anything that goes against these three rules that you just created for yourself because I told you to. These three rules will make your mind become exactly what you want it to be. With this new mind, you can use it to become the person you’ve always dreamed of being.

Now that’s a Jedi mind trick right there!

 

A bit of fear in your mind is good.

Fear tells our mind to keep practicing and pre-planning so that we don’t fail. It’s these hours of preparation that help mold our mind into the perfect machine that can help us win at any task we ask of it.

“A bit of fear in our mind is like adding a bit of nitrous oxide to our goal”

It gives us another source of energy to power us forward when the inevitable obstacles show up – and they will!

 

When your mind lets you down, it’s good!

Tried to get your mind to convince you to crush your fear of public speaking and failed? Brilliant. Tried to run a marathon and passed out right before the finish line? Excellent Smithers.

Every bad experience your mind has allows more good to come in.

Didn’t get the car you wanted? Good, you just saved some money that you can invest.
Invested in cryptocurrency and lost a bucket load of cashola? Good, now you won’t make dumb decisions again and listen to friends who have no clue about investing.

Not getting your goal is part of the plan. When your mind lets you down, it gives you more energy and more willpower to try again. Your mind stuffing up gives you the opportunity to try again and use a different strategy. Maybe having your mind fail you a bunch of times will cause you to find the way to create something genius like a light bulb – I know there is an Einstein analogy here but CBF.

 

The adversity your mind faces will define you.

Your mind can spend a lot of time going in circles when you endure adversity. I had a pissed off customer recently that wasted a lot of my thinking time. The beauty of having your mind endure such pain is that today’s challenges can make your mind stronger for tomorrow.

Adversity is like muscle memory: it teaches your mind to get used to struggle and pain. That way, next time around, you’ll have experienced it before and your mind won’t freak out and sabotage you.

Don’t let your mind get used to giving up and being comfortable. Teach your mind that some days are going to hurt like hell. The best way to teach your mind anything is through experience.

 

Our minds become what we want through experience.

The whole “think about it, and it will happen” is BS.

Think about it, then experience it, and then it will happen.

I believe consciousness is based on experience. We become conscious of the things we try, and the things we understand through experience.

We become conscious and mindful, through experience and doing. Our mind uses experiences to filter what we see. If we want to become more then we must let our mind experience more.

Allowing your mind to experience is the superpower.

 

Give your mind a rest too.

Okay if you do all of the previous points and then forget this one, you’ll burn out. What I’m telling you to do is going to require your mind to be constantly working. Your mind needs rest though. You’ll need to allow your mind thinking space once in a while to absorb all you’ve taught it and have some alone time.

Nature is good for your mind. Your minds favorite delicacy other than avocado is holidays. Go to a beach. Visit an ancient city. Do a silent meditation retreat if you must. The message here is to give your mind a rest or it will fail you.

 

***Final Thought***

If you don’t like the person you are then take a long, hard look at your mind. Your mind is shaping the person you become everyday. You can consciously teach your mind to win, or unconsciously program your mind to defeat your goals on its own without any external forces.

You’re winning or losing based on your mind.

Treat your mind well. Respect your mind. Train your mind for battle.

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

Tim is best known as a long-time contributor on Addicted2Success. Tim's content has been shared hundreds of thousands of times and he has written multiple viral posts all around success, personal development, motivation, and entrepreneurship. During the day Tim works with the most iconic tech companies in the world, as an adviser, to assist them in expanding into Australia. By night, Tim coaches his students on the principles of personal development and the fundamentals of entrepreneurship. You can connect with Tim through his website www.timdenning.net or through his Facebook.

Advertisement
8 Comments

8 Comments

  1. Pinki

    May 4, 2015 at 2:24 am

    Thanks for suggesting- Do everything at last minute.

  2. Chanelle

    Apr 28, 2015 at 6:26 am

    Love it! I agree with all except for #2. I hate doing things last minute because it causes me stress. Though I work well under pressure I like to prioritize my list and get things done as early and quickly as possible so I have time to revise if needed get consensus etc and strike it off my list. I do strongly agree with number 5. A lot can be accomplished by phone or email. Commuting to a meeting is sometimes pointless. Give me an agenda and if I have nothing to contribute or have no reason to be there, I will not go. I can do 10 times more things with my time than sitting in a meeting.

    • Edward

      Apr 30, 2015 at 8:06 am

      Chanelle,

      Glad you liked it! I agree number 2 can be scary and puts a lot of pressure on you. It was looking at it from an efficiency sense with the aim to stop you from procrastinating. Which is something I am very guilty of… Especially as game of throne has just come back on!

  3. Jiliane

    Apr 27, 2015 at 5:32 pm

    I love this! It makes me feel less guilty about the way I do things.

  4. Doensie

    Apr 27, 2015 at 3:01 pm

    The problem with the second tip is that people tend to underestimate the time needed for any work. So, as you said, set a time limit, but perhaps it’s better to set it 19 hours before the deadline.

  5. Abuzar Tariq

    Apr 26, 2015 at 6:21 pm

    Very helpful post. Doing things at last minute is so true i experienced this in my daily routine.

  6. Bethany @ Online Therapy and Coaching

    Apr 25, 2015 at 11:41 pm

    Thank you for this! Great suggestions! I look forward to the day when I can stop going to meetings and focus on what truly matters. 🙂

    • Edward

      Apr 30, 2015 at 8:09 am

      Glad you liked them Bethany,

      I think we are all looking forward to that day! But hopefully as companies are becoming more savvy with the use of collaborative softwares such as basecamp or Asana soon we can all work from the comforts of our own home!

      Hope they help 🙂

Leave a Reply

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

Startups

5 Steps to Regaining Stability After Your Million Dollar Business Idea Fails

Published

on

business failure

You probably must have heard that seven out of ten businesses fail within the first ten years of their conception. While this revelation might seem alarming, the fact remains that business failure is like a cake from which every entrepreneur must have, at least, a bite.

The common assumption of most entrepreneurs is that businesses with no solid ideas are the ones that fail. So instead of taking their foot off the ground, they spend years trying to come up with the “million-dollar” idea they believe won’t fail.

No doubt, bad business ideas lead to failure often. But the truth is, business failure isn’t a tale that only organizations with bad ideas tell. Because, in most cases, good ideas fail too. In fact, several good ideas executed by some of the world’s most successful business leaders in the early stages of their careers, failed.

Bill Gates, co-founder of Microsoft Corporation, once started Traf-O-Data alongside Paul Allena data-analyzing company that failed. Steve Jobs, while he was CEO at Apple, launched Apple Lisa, Apple III and other great products that failed. Henry Ford, the founder of Ford Motor Company, earlier launched two automotive companies that failed.

Although these entrepreneurs encountered failure, they never allowed it prevent them from working towards success.

In case your good business idea has failed and you’re about quitting, below are five actionable steps you can take to regain stability:

1. Accept the truth

Many entrepreneurs are suppressed by their failures because they keep running from the truth. When a business idea fails, it’s pointless shading the truth or shying away from the reality. A failed business idea is a failed business idea, period! Microsoft, for example, came into existence as a result of Gates’ ability to accept the truththat Traf-O-Data had failed.

Steve Jobs, co-founder of Apple, once said, “If I try my best and fail, well I have tried my best.” Once business owners learn to accept the bitter truth that their excellent business idea has failed and cease investing their time, money, and energy trying to breathe life into it, getting back on track will become less difficult.

“The world won’t care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.” – Bill Gates

2. Take responsibility

One of the many wrong steps business owners and executives take after their great business idea fails is playing the blame game—that is, giving excuses for their failure. Whether you head an Inc. 500 company or a mom-and-pop store, you have to take responsibility when your good business idea fails.

Taking responsibility, in the case of a large organization, doesn’t mean avoiding to discipline anyone whose incompetence directly led to the failure. Rather, it means spending less time on passing blames and giving excuses, and focusing more on the way forward. Instead of shifting blame when a good business idea fails, take responsibility for the failure and ensure you prevent similar failures from reoccurring.

3. Ask “why?”

For every failure a business experiences, there’s always a cause. Most times, good ideas fail due to poor execution, improper planning, wrong managerial decisions and the absence of professional hands. Knowing every failure has a cause, you need to ask yourself, “Why did ‘X’ business idea fail?”

Bill Gates, one of the world’s most successful business leaders, once said, “It’s fine to celebrate success, but it is more important to heed the lessons of failure.” When you know the cause of the failure, you will be able to extract a lesson or two from the unpleasant event. These lessons, in the future, can serve as a mapguiding you on the pathway to success when you embark on a similar quest.

4. Avoid negativity

In entrepreneurship, failure is one ingredient that makes the journey worthwhile. Therefore when a business idea fails, entrepreneurs are left with only two options: to come up with a new idea or modify the existing one, and get going. Although this is the norm, many entrepreneurs never make it back up because of one thing: Negativity.

Negativity (or pessimism) alone can ravage any entrepreneur’s business journey. Embracing self-doubt, spending time with toxic individuals, and submitting one’s self to chance are loopholes through which negativity steps in to ruin an entrepreneur’s career. To gain stability after your good business idea fails, you must abstain from pessimistic thinking and build relationships with positive, like-minded individuals.

“Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality.” – Bruce Lee

5. Take the punches and keep moving

The ability to get up and keep moving after experiencing multiple failures is what differentiates real entrepreneurs from “aspiring” entrepreneurs. Or borrowing Steve Jobs’ words, “I am convinced that about half of what separates successful entrepreneurs from the unsuccessful ones is pure perseverance.”

You are an entrepreneur. One with a goal, vision, and mission. You didn’t start out as an entrepreneur believing the journey would be filled with rainbows and unicorns, did you? When your best business idea fails, remember that you are an entrepreneur. And in entrepreneurship, throwing in the towel sooner than necessaryeven after experiencing failureis against the rules of the game.

How do you recover from a set back?  Comment below!

Continue Reading

Startups

‘Computer Says No’ Type People Are The Problem.

Published

on

Saying no without listening is the problem.

It’s the cause of why we fail to innovate. It’s a form of arrogance that focuses all of our energy on our own selfish thoughts. This never-ending pursuit of one’s self-importance is the cause of everything, as a human race, we do not want.

 

Ciggies, Panadol and Coke Zero enter the room.

Last week, I had a profitable business idea squashed by one of those computer says no types that this article is based on.

She entered the room.
Before I opened my mouth, she looked like she was pissed off and acted superior.

She then placed her half-smoked packet of ciggies, her full bottle of Coke Zero (who’s fooled by this so-called ‘healthy option’) and a fresh packet of Panadol on the table. If that’s not a cocktail of problems right, there then I don’t know what is – back to the story.

I explained the business proposition, and before I finished, she said no.

“That’s not how we do things.”
“Let’s create a project.”
“Let’s write a strategy.”
“We don’t have the resources.”

When is it ever the right time? When will we ever have the right strategy? From what I’ve seen, a project equals taking our time and wasting our competitive advantage. Success is about moving quickly. Success is about listening. Success is about trying new things and not following the old way.

 

It’s the lack of emotion that is the problem.

This story above was disappointing for the fact that there was no emotion. It wasn’t two people having a conversation; it was one person being unemotional like a computer and spitting out a generic answer, while the other person just wanted to be heard.

 

No one has all the answers.

The computer says no mindset suggests that there is a hierarchy. It suggests that some people should be worshipped while others should bow down. This old model of the business world died a long time ago.

“We’re all global citizens that are equal and deserve to be heard”

The very answers these computer says no people think they have are what needs to change. Their answers are built on old models and need an upgrade. There is no one answer. The solution to different problems is never the same and the solutions are forever changing. The market is forever changing. People are forever changing. Nothing is static. Everything is in flux.

 

They don’t listen; they just say no.

Listening is where everything begins. You’ll never be successful unless you learn to listen. Listening is a skill and it’s forgotten way too often. Less is more. Understanding the problem and being brilliant is in the listening.

“Most of the answers you seek are hidden in the dialogue you’re currently ignoring”

 

Next time the computer says no, tell the computer you’re only accepting yes.

Let’s not make this a whinge session. What can we do about these computer says no people? Tell them that you’re only accepting yes. Be relentless. Challenge them and make them feel uncomfortable. Don’t allow yourself to be ignored. Do all of this with respect.

Part of what causes these no responses is laziness. It’s easier to say no than it is to exuberate energy and try to say yes. Now I’m not saying the Panadol, Coke Zero and ciggies were the entire cause (or am I?) but energy sure plays a part. When we’re living in a state of perpetual tiredness, we make dumb, computer says no, decisions.

You do have energy though. Your energy can break through the no’s and somehow find a way to get to a yes. Don’t accept defeat. Refuse to fail.

 

It’s easy to say no.

No requires very little thought. No says “Let’s just remain the same and not change anything.”

No is the easy way out for these computer says no people. Don’t let them win so easily.

See their weakness for saying yes and challenge it.

 

Make them work for their no.

Get them to give you clear and articulate reasons as to why the answer is no. Don’t let them get away with being lazy. Force factual evidence to be provided. Bring other people in to support your rationale for them to say yes. Go up the line. Speak to their boss if you have to.

Whatever you do, make them work for their no. Don’t allow them to get away with being lazy.

Don’t let the human race fail to progress because someone is not willing to use critical thinking and spend time tackling issues head-on.

 

No doesn’t mean no.

No means not right now.
No means I’m scared.
No means I don’t understand.
No means I might be threatened by you.

Try to find the true meaning of why you’re being told no. Computer says no type people are often fearful and scared of uncertainty. They look for proven ways rather than going into the shadows and searching for the unknown – also known as a new approach.

 

All is not lost.

These people can be changed. We can change their mindset. All of us need to be part of the solution to stamp out this epidemic. Pointing out the problem is not enough; we must empower each other to be part of the solution.

 

***Final Thought***

Computer says no people are tearing apart good ideas. They’re preventing innovation and they must be stopped. You have the power to force them to change and to listen. It begins and ends with each one of us not allowing this mediocrity in our communities, companies and social lives to continue on.

I declare Computer Say’s No Behaviour unacceptable.

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

Continue Reading

Startups

Process And Red Tape Does Not Equal Progress.

Published

on

The corporate world has taught me the truth about process and red tape:

“Process creates people who follow it and believe they are superior for doing so. The reality is that the people who question the process are the true heroes”

Obviously, some process is needed, but the traditional way makes no sense.

Here’s how to rethink process:

 

Most processes lack critical thinking.

Ask yourself “Why are we following this process?”

Modern business requires you to think and know why you do what you do. Just because it’s the way it’s always been done, does not make it’s functional or practical. My grandpa’s horse and cart was functional back in the 1920’s and today it’s a useless pile of junk.

Critical thinking is needed with respect to “process.” Don’t become a process sook.

 

A lot of processes are kept beyond their expiry date.

The challenge is that the digital world is moving so fast. The moment you invent a process, the customer starts to do something different. That’s why a flexible process with minimal framework is ideal.

The process must move with the market and the people who use the process.

” Too much process turns people into critics that ridicule anyone who goes ‘outside of process’ “

Process can quickly become a means for people to become critical and insult each other. Going outside of the process to make business happen (which pays the bills) is not something that should be looked down upon. Instead, when this happens, we need to ask why the process wasn’t suitable.

 

Every process should regularly be reviewed.

Okay, so you have to have a process for something. It needs to be continually challenged.

Why do we have this process?
What do customers think of it?
Is it still timely?
Are there any steps in the process we can remove?

Out of date processes are destroying your business and if you are working for a company that has to follow them, you become de-motivated quickly.

There’s always another business you can work for that doesn’t have the same dumb process, so keeping people becomes hard as well thanks to too much process.

 

Rounding up things together like sheep.

You can’t round people and businesses up like a flock of sheep.

No two people are the same.
No two businesses are the same.

Unfortunately, very few business and people are the same. I rejoice that fact otherwise life would suck big time. We’d become even more bored and spend more time looking at a not so smartphone.

Embrace individuality. Let people think outside the process box. You’ll be amazed by the results. You might even build the next Facebook by doing so. When I see a black cat, with a white spot on it’s back, walk under a ladder, I shout out loud and do a dance!

Praise the heavens for the fact that the black cat is busting an ancient superstition. It’s time to sing Superstitious by Stevie wonder and get back in the groove.

 

Process kills innovation.

For the record, I hate the word innovation. It’s a buzz word that is frequently used and rarely practiced. Innovation can only thrive when we have a growth mindset. A growth mindset says that nobody is right and nobody is wrong. We’re all right in our own way and we are all continuously learning.

You can’t have an innovative culture or workplace if you suffocate it with the lethal gas that is too much process. Process turns dreamers (innovators) into deranged zombies that can’t wait to get home and get drunk.

 

Imagine if Uber followed the process.

That’s right: What if Uber did what every other taxi company did? We’d have the same broken system that doesn’t serve the customer or the driver. We’d never know what it was like to book a service, and then walk away without pulling our wallet out.

 

Frustration with “the process” is good.

You know why I love it when people get pissed off at too much process? Because it creates the seed of entrepreneurs. Entrepreneurs can’t take too much process and they end up proving people wrong by going and doing something better themselves.

If people didn’t get pissed off by out of date process, then we wouldn’t have a lot of the tech giants we have today. So again, don’t let the negativity take over. Take the negativity that is process and go and fix the problem, and charge money for it.

For those that do, I look forward to your email in the future that says thank you. Your welcome for these words I write which encourage you to stand up to BS process that makes no sense. Rebels move the world forward with their passion and they spit in the face of being suppressed by mediocrity.

We all have potential.
We can all do crazy, awesome stuff.
Don’t let too much process ruin the fun party!

 

In conclusion….

Process kills dreams.
Process kills companies.
Process kills ideas.
Process kills people and their potential.

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

Continue Reading

Startups

How To Create Exponential Growth In Your Company Using This Simple Strategy

Published

on

company growth

When it comes to business, the more of it you have, the easier it is for the business owner to see where the business will be in five, ten, even fifteen years. Good business is what we want, but great business is what we dream of having.

If you’re an entrepreneur with a startup company, or maybe you’re an old pro cultivating business every day, there’s one thing we can all agree on. Having more business and creating more success within our business would be a great end result at the end of this year.

But what is the secret? It seems some people blast out of the entrepreneurial gate and people immediately gravitate to them, while others get lost in the crowd and struggle for six months before finally giving up their dream. While this is a sad depiction of what could be in store for your business, it doesn’t have to be like this.

Enter Rohan Sheth, a self-made success who used to work the counter at McDonald’s but now runs the CEO desk at Rohan Sheth Consulting, a multi-million dollar company helping entrepreneurs realize their dreams. If anyone knows the secret of creating exponential growth within their company, it’s Mr. Sheth, and he explains these well-known, but little practiced strategies that can explode your business.

1. Stay Consistent

First and foremost, Mr. Sheth described consistency as one of the key parts in building a successful business. He says, “Legitimate consistency with engagement for your business will show relevancy with your audience and allow them the opportunity to connect with you on a personal level.”

Being consistent within your target audience begins to build a sense of trust and expertise within your community and it’s important to understand what your target market wants and needs and sticking to a plan which delivers on these needs daily/weekly.

If your priority on social media marketing is your Instagram account, then make a plan and stick with it. Post consistent and valuable content which will plant a seed within your congregation making you stand out from the rest of your competitors. Remember, if you’re constantly selling to them, they’re not going to listen. It takes perfect timing to understand when to sell and when to continually deliver content that will meet their needs.

Eventually, your consistency will begin to be shared by your audience. When this happens, they will begin expecting something from you at certain times throughout the day or week. For instance, let’s say you have a YouTube channel where you always upload a helpful video every Friday. After you have consistently shown your viewers you can deliver on what you promise, they will pounce on your video’s every time you upload them.

“Success isn’t always about greatness. It’s about consistency. Consistent hard work leads to success. Greatness will come.” – Dwayne Johnson

2. Build the Relationship

In the online world of business it can be very tempting and even easy to fall prey to data and statistics. Sometimes you may even find yourself pouring over data sheets and getting excited when a line goes up or down.

While statistics are a reliable way to grow your business, it’s not the way to build a personal relationship with that one person who needs your services. No one person is unimportant. Each individual within your reach has the power and the potential to reach hundreds, even thousands of their friends when you take the time to show them you really care. So how does this part happen?

This is when you get down and dirty and jump in the mix in your social channels and your email list. Reply to comments, answer questions, reach out and offer your services and advice when you see someone in need. These are all barrier breakers in the relationship building process and can mean the difference of someone walking away and becoming a high value brand ambassador for your business later.

I realize once your business grows on social media, you will begin to have more people than you’ll know what to do with. Nonetheless, it’s still important to reach out as much as possible and show the face behind the brand. When your audience does start to get large, think about creating opportunities with your channels or pages which can provide a sense of belonging to your target market.

For instance, give the mass of followers you have retained a name. This will make them feel like they are part of the bigger picture and will draw them in and help the relationship building process grow between them and your brand.

3. Solve a Problem For The Masses

In order to encourage exponential growth within your company you need to be making use of the technology around you.

Technology is enabling organizations to reach entirely new markets in massive and viral ways. As the world’s population approaches 7.5 billion, companies and organizations with exponential business models can help close the gap between our growing population and the resources they need.

Many companies start with one core offering to customers to serve one need—like Uber and personal transportation—then expand their services to meet other needs, like UberEATS or UberHEALTH.

Mr. Sheth says to learn about your audience through the data and statistics and develop a plan which can solve these bigger problems they are having. This is more like relationship building on steroids and works well when you have a larger audience. Because the audience is larger, when you do solve the problem, they feel the need to tell their friends about it and here comes the flood of new visitors to your business.

“There was never a night or a problem that could defeat sunrise or hope.” – Bernard Williams

In Conclusion

Every entrepreneur wants to realize their dream of owning a successful business which can touch the hearts, minds, and wallets of every person in their target market. But you cannot do that until you have a plan which will keep you and your team on track. Mr. Sheth’s strategies can help you develop these techniques and when you apply and tweak them according to your personal goals you will start to see your business growing exponentially within your niche.

Is it your goal to own a business or grow the business you’re currently in? If so, share with us in the comments how you are going about it so we can help everyone.

Continue Reading

Trending