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10 Reasons Why Entrepreneurs Should Never Enroll In College

Joel Brown (Founder of Addicted2Success.com)

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The big debate in the entrepreneur community at the moment is whether or not college is needed for a successful business or career.

Journalist, Jason Smith, studies the reasons why entrepreneurs should never step foot into college, what are your opinions? Leave a comment and have your say.

 

The 10 Reasons Why College Is Not Meant For Entrepreneurs

 

1. You Will Be More In Debt

college debtThe dreaded D word, college pricing has been gradually getting out of control over the past decade. The same education that used to be higher quality and more valuable is now much more expensive whilst providing lesser value. Across the world, half the people that go to college do not get the skills necessary to succeed in life. They are basically spoon-fed an educational system of memorization that doesn’t test them and teach critical thinking.

 

2. Social value

college entrepreneur partyYou hear many people discuss the value of socialization among your peers as an essential benefit of college. So many people behave exactly the same way in college as they did in secondary education or high school. Sure, there’s always some maturity that takes place, but for the most part, even in the diverse environment, most people stick to people who share their same values and upbringing.

You can get the same social value by joining a club or an association to learn the essential values of teamwork without the college expenditure. You can also use social networking to reach out to people all over the world.

 

3. Restrictions on being more innovative

innovationDo you ever hear the likes of the world’s most successful entrepreneurs like Bill Gates and Mark Zuckerberg ever tout their college degrees as the secret formula to their success. Of course, not, that’s because they didn’t earn college degrees. They earned money instead, it comes in much more handy.

The best way to get a college degree is to get an honorary one after you make a fortune and a name for yourself, then an institution can honor you.

 

4. Still unemployed after college

College Degree with no jobIn most developed countries around the world, half the college graduates can’t even land jobs when they complete their degrees. The students who drop out after figuring out that they don’t fit well within the framework of the institution are not refunded any funds. They have wasted their money and time with nothing to show for it.

Skipping college and starting your own enterprise will be a valuable experience that will put you head and shoulders above your college peers.

 

 

5. The use of backwards and traditional methods

no more collegeCollege offers traditional teaching methods which are completely outdated. Technology moves at the speed of life and is very transformative. It disrupts the very concept of investing in your college education for a stable career. Around the world, some teenager in his garage may be working on new software or technology that can change the world. The average college professor is only teaching what he or she knows which is no longer applicable in a vastly changing world.

 

 

6. Less hands on experience

college experienceYou can gain expertise through launching your own enterprise. Doing something you are passionate about will be more likely to bring success.

As an entrepreneur, you set your own curriculum based on your passions and interest in life. You then develop a strategic plan to monetize your passion, you can learn the skills you require, follow the blueprint of many entrepreneurs who have succeeded without a college degree. An experienced mentor can steer you down the right path, most college professors haven’t experienced real success outside the classroom, that’s probably why they teach.

 

7. Rigid learning

follow the herdCollege is a very stiff and rigid atmosphere. Life is meant for freedom of expression. College standards and strict guidelines of specialization don’t allow for natural creativity. Entrepreneurs need freedom to create and forge their own path. Textbooks can only teach theory or structure of the way things are supposed to be.

However, entrepreneurs need to think differently, outside the box of conventional wisdom.

 

 

8. Less individualism

Funny College

College tries to paint you in a box to accommodate society. You are expected to simply follow along like millions of others without thinking for yourself. The structure of college prepares you for a life of simply following rules dictated by others. Human beings are supposed to be free people with their own ideas.

As an entrepreneur, you can strive to create your own rules, not government mandated teaching or outdated institutional learning methods.

 

 

9. Smaller accomplishments towards your future

small accomplishmentsAs an emerging entrepreneur, you need to gain a mindset of applying real-life principles to determine the results for yourself. Every little progress you make counts as a real accomplishment in the real world.

College only teaches you how to pass exams. As an entrepreneur, if you can create a product or service to market, that’s a real accomplishment that is worthy, most college graduates may never aspire to it.

 

 

10. Less risk-taking

taking a riskEntrepreneurs need to learn to push beyond their comfort zones. Risk is very important to success. You must be willing to take risk and live with your decisions. Sometimes you win, other times you may lose big, but you keep going.

College doesn’t teach the importance of risk, instead they promote security and a safe career. Entrepreneurs must take risks to determine their own path in the world. Entrepreneurs embrace the challenge of calculated risk in order to succeed.

 

Article By: Jason Smith | Addicted2Success.com

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances.I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

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44 Comments

44 Comments

  1. Rs

    Jan 8, 2014 at 7:54 pm

    Its a simple narrative to point to the gates and Zuckerbergs of the world who did not need a university education to make their mark. However I would argue and the data supports the fact that the majority of successful tech entrepreneurs graduated with multiple degrees from a rigourous engineering, science or computing program (google, ebay founders as an example).

  2. Jeanne Yocum

    Dec 20, 2013 at 4:45 pm

    It’s pretty clear that you haven’t set foot on any of the campuses of community colleges across the nation that are involved in entrepreneurship education. If you had, you would know that they are using experiential learning, including student business incubators, on-campus businesses run by students, business plan competitions and many other methods to help students learn the intricacies of being an entrepreneur – from opportunity identification, funding, team building, etc. Some even have what are essentially VC funds to help get businesses off the ground. All of this comes at a price that does not leave people in debt up to their eyeballs. I know this because I edit the journal of the National Association for Community College Entrepreneurship (NACCE). I can give you example after example after example of students who have benefitted greatly and are already well on their way to success thanks to the education and support they received from their community college.

  3. Passive Income Riches

    Jul 10, 2013 at 1:22 am

    This is quite an interesting articles for a few reasons.
    The way I view it is that the overall level of education has increased globally.
    Graduating from a college or university in this era is like graduating from high school say 50-60 years ago. Getting a Masters or PHD now is like getting a college/university degree 50-60 years ago.

    I still think that there’s some value in education, but ultimately it’s how you make of that experience. Was it really a waste to go to college? Did you really learned and gained nothing out of it? Sometimes I think that it’s certain life experience that gives you the perspective of what you want or don’t want in life. It gives you a sense of realization. Perhaps you needed the journey to make some decisions to get to where you are today.
    So, should you go to college or university or not? That’s a question that you have to ask and answer yourself.

  4. Stephen

    Jul 9, 2013 at 10:23 pm

    Very good and relevant. I hope your message reaches more people.

  5. Susan Eckley Ruch

    Jul 5, 2013 at 4:57 pm

    My Take: I do believe we need to go through our first 12 years of school. (K thru 12th grade)
    We do need to learn to read, write, math and socialization skills. I did go to college straight out of high school in 1978. I am 53 years old. So, I can say this. I got my BA degree and when I graduated after 4 years and now to think about it I paid for so many stupid classes that had nothing to do with what I wanted to be, do or have. I had an English degree, minors in Political Science and Law. Now, what do you with an English degree? I went to work for a restaurant chain (i.e. Burger King as a Manager) I was working for someone else making their dreams come true, not mine. After getting sick and tired of working for corporate America in 1999 I decided to start my own businesses. In school and in college they never taught us “Leverage”
    Over our lives we change our careers as many as 20 times because we are searching for what we really wanted to do. Even at 36 years old went back to college to increase my skills in business and accounting. I thought about this the other day. How much did I remember from college? Not much that had nothing to do with what I am doing now. I still found myself trading hours for dollars. We find ourselves going in a circle and end up in the same place we started. Also, when you own a business, the business owns you. In the past year someone showed me a different way to make $$ and realize my dreams. I believe we need to teach our kids a different way of making a life, not make a living. We need to teach them leverage. We all have all types of insurances (Life, car, house, rent, medical, pet) But there is no such thing as “Income Insurance” It took me a half a century to figure it out. I finally found something that pays me what I am worth and pays me for my hard work. College did not teach me this.
    Want to know more, Ask Me How!

    • Anya

      Jul 6, 2013 at 12:34 am

      I’m intrigued by your story, can you explain further please?

    • Passive Income Riches

      Jul 10, 2013 at 1:26 am

      Hi Susan. Totally get what you are saying. However, I also think that sometimes it’s those life experience that gives you the perspective of what you want or don’t want in life. It gives you a sense of realization. It helps you to realise what you want or don’t want to do. Perhaps that’s the journey that everyone has to go through in order to find a sense of purpose or meaning in life. Thank you for sharing your story.

  6. Michael Berry

    Jul 5, 2013 at 12:35 pm

    Win or lose = growth = win

  7. Kevin Martin

    Jul 4, 2013 at 4:45 am

    The way I see it, if you want to take on a job title that society is already familiar with, then go to school. If you want to be an entrepreneur and forge your own path, then go out in the world and experiment because experimenting is how people usually attain unfathomable success.

  8. MANGALISO NKUNIKA

    Apr 18, 2013 at 1:19 pm

    This is right and wrong at the same time.do you go to college to train your insticts or your social life?

  9. jonathan

    Jan 30, 2013 at 4:29 am

    Some of the sentence structure in this article makes me think the author could have benefited from some college-level english instruction.

  10. Nope

    Jan 22, 2013 at 10:27 pm

    This is a completely bs article. The author assumes that Bill Gates and Co are some sort of norm. Let me assure you, they are far far far exceptions. People who drop out or do not go to college do not do well. Sure, some might end up more creative for it, and even do something awesome, but to assume this is normal is idiotic at best.

    Entrepreneurs need to be able to think creatively and harness their creativity into real world products. There are plenty of institutions that understand and foster this. Maybe the author went to a state school and learned a trade but to generalize college as such is ridiculous.

    A final point, companies like Vemma are not bringing in “entrepreneurs” as they try and promote. Selling somebody else’s product is not and never will be entrepreneurship. It is a sales job like every single other one, you are rewarded based on how much product you sell. Bringing people in to sell under you (while almost a pyramid scheme) is also not entrepreneurship. Just like a COO of a big company does not claim to run his own company when he hires a new employee or starts a new division. Reps for these LLM companies do not realize that nobody cares if they make a bunch of money, its the fact that they try and manipulate their friends and family into working for them that is annoying as hell.

    but ya dumb article.

  11. TJ

    Jan 4, 2013 at 5:43 pm

    I completely agree with this post. Everything I’ve ever tried in college never worked for me because It was never meant for me. Feels good to be an entrepreneur

  12. Simon Ipinge

    Dec 28, 2012 at 5:55 am

    Maybe in a Developed economy, one does not need education. But in a third world country..if you don’t get education or get to rub shoulders with fellow University students, who will soon be in positions of power then your chances are pretty much doomed before you even begin. In the third world you are not born speaking the language of English..you have to learn it, and of course business is done in that language.

  13. Ron

    Dec 28, 2012 at 5:49 am

    I’m not a college graduate, I knew nothing about starting a business. My number one rule is, talk to other business people who have been there and done that. You can always tell the real successful from the ones who are not. Truly successful people will tell you everything you need to know and not fear the competition.

  14. Lucas Williamson

    Dec 28, 2012 at 5:37 am

    As an entrepreneur currently running a small business while preparing the launch of a second brand/venture im the same wrestling market (scholastic) an going to school full time.. I completely agree with every point. But still i am still trying to juggle both running a start up and going to school. My parents, mother mostly has been biggest influence to continue with school. As for me i see benefit in both because I am working on my BSD in industrial design and im currently designing and preparing to launch these wrestling products into the market. Where s the line you ask? Well i would say once it hits the level of profitability that i can manage all those school loan bills. Then again I ask myself how much of school i can continue to put up with knowing what I have learned from getting to where im at.

  15. AG

    Dec 16, 2012 at 8:27 pm

    I don’t believe that all career paths need a piece of paper. For the people that said you need to go to school to figure it out. Well I will give another point of view. Almost every single person that I went to HS with that attended a 4 year college is now in a dead end job. With the exception of one lawyer, a couple teachers, and a few in the medical profession. Those of us that skipped the wasted time of a 4 year degree are self employed. Most of us in art & music. The others in construction. While a degree will in fact get you a job its not necessarily a good one.

    • Jeannette Williams

      Dec 16, 2012 at 10:00 pm

      Maybe not, but there is nothing wrong with an educated society. A piece of paper won’t promise you a job, but it will give you a sense of pride about yourself and that’s priceless!!!!

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Success Advice

How to Overcome Stage Fright in 5 Simple Steps

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overcoming stage fright
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Fear of public speaking, also known as glossophobia (which literally means fear of the tongue) is the apprehension that one experiences when speaking in public. It’s reported that 1 in every 4 individuals reports some sort of anxiety when presenting ideas in front of an audience. Regardless of one’s personal or professional background, being able to communicate ideas confidently and eloquently is of utmost importance. So, how can you overcome stage fright?

Here are 5 simple steps to help you overcome the fear of speaking publicly or in a group:

1. Success Visualization

A great deal of the fear we experience stems from the negative self-talk that goes on in our minds. Thoughts such as “I don’t think I can do it; I’m going to forget my notes; what makes me think people want to listen to me?” The first step in trying to counter the negative self-talk is through what I call Success Visualization. It’s a well-known scientifically-proven fact that the best way to counter negative mental chatters is with positivity.

Find a quiet place where you can be undisturbed for at least 15 minutes, create a mental image of the speech being a complete success. See the audience cheering and learning. See the equipment working properly. See yourself sharing your ideas with confidence. After all, no one goes to a speech to see a speaker embarrass themselves. Visualize what you want (success), not what you dread.

2. Purposeful Practice

How many times have you heard this well-intentioned advice: “Practice makes perfect”? You might wonder, “I’ve practiced over and over again, why am I not improving?” We’ve been told to practice, but no one ever told us how. In his bestselling book Peak, Anders Ericsson introduces the concept of purposeful practice that he defines as a focused process toward a well-defined and specific goal.

What we’re all engaged in is called naive practice, which is repeating a particular task and expecting to get better. That kind of practice as it relates to public speaking is highly ineffective. There is a myriad of skills that need to be mastered in order to become an effective public speaker. As such, purposeful practice is the right way to go since it allows you to focus on one skill at a time with timely feedback on what is and what isn’t working. Always practice with a goal in mind!

3. Energy Reversal

Science claims that we experience the same physiological changes whether excited or stressed. Our adrenal glands release epinephrine, norepinephrine, and cortisol which are the flight or fight chemicals. From a physiological perspective, being ready to fight, or afraid, ready to run away, are two sides of the same coin. Henceforth, we can channel that same energy resulting from stage fright to psyche ourselves up for the speech.

Positive affirmations such as “I am excited! I rock”, can help trick your subconscious mind into believing that you’re excited. Our subconscious mind is impersonal. It doesn’t discriminate or rationalize, it accepts as true and brings to us whatever we suggest. Positive powerful autosuggestions sink deep into our subconscious mind, and manifest themselves in the way you feel, think, and act. Never tell yourself not to be afraid! Well, I mean always tell yourself you are excited and ready to rock.

4. Action

No great results are to be obtained without consistent and persistent actions. Many of us attend speeches, workshops, and seminars expecting to get the desired outcomes right away. It doesn’t work that way, it never did, and it never will. The three previous steps mean nothing if you don’t have a structure that you can use to help reach your goal.

Knowledge alone won’t bring any result. Knowledge coupled with deliberate, systematic actions, will. What are you going to do? Are you going to join a local Toastmasters Club? How many times a week are you willing to practice? Do you have a support group? You reading this article is vibrant proof that you’ve had enough of stage fright. So, why not grab a pen and paper, and write your next action?

5. Know your purpose, audience, and materials

Three things must be absolutely clear in your mind before giving a speech: Your purpose, the audience, and your materials. First, on a blank sheet of paper, at the very top; make sure you have this question answered: Why am I doing this? Or in the form of a similar statement: By the end of my speech, the audience will have learned. Without a purpose to give you direction and bring value to your audience, you don’t have a speech.

Next, Who am I talking to? Before getting on stage, basic information about the audience’s age group, cultural background, and level of knowledge is essential. Those insights empower you to appropriately frame your message, so you can engage the audience and get your message across more effectively. Speaking isn’t about you, it’s all about the audience.

Finally, make sure you’ve mastered your materials. Specifically, the introduction, main ideas, and the conclusion. Part of why we are afraid results from doubts of not being fully prepared. Never get in front of an audience without having fully mastered your materials. Complete mastery of your materials will boost your self-confidence which will, in turn, reduce your public speaking apprehension.

I hope these techniques serve you well as they have me and the many others who’ve attended my workshops. Your willingness to try, fail, and improve is what makes magic happens. As you may have realized by now, all you have to do to transform your fear from a foe to a friend is to S-P-E-A-K despite your fears.

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Success Advice

3 Steps to Overcome Your Brain Biases and Become a Better Leader

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how to become a better leader
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If I asked you what time it was, you would likely look at your watch or a clock and read the time out to me. And if I were to ask you where you were, you would likely tell me the exact place, city, or state. If I were to then ask you who you were, you would likely identify yourself by your name, demographics, and perhaps a work description. On the surface, answering these questions correctly would indicate that you were not delirious. But are these answers technically correct?

Biological research indicates that superficial orientation to time, place, or person is actually far from accurate. Rather, leaders might benefit from tending toward a non-dual awareness of the world, or at least offer themselves the opportunity to see the world this way. For time, place, and person, the biological realities differ from what we might initially think.

1. Don’t let the past dictate the future

We are not ever-present in the moment, nor should we be. In the human brain, the past, present, and future are all represented at the same time. Although we consciously organize our experiences using this segmentation of time, each of these networks can intrude upon the other. In fact, what you remember can influence what you can imagine for yourself in the future as well.

As a leader, ensure that you frequently examine your memory for positive reminders and biases, take advantage of your presence circuits by incorporating mindfulness practices into your day, and use your “possibility” circuits to imagine or simulate future scenarios. In fact, in the brain, imagination is a lot like reality.

Using all three components at all times will help you to become aware of biases and could also help you escape traps or an impasse. For instance, when a possible solution for product development is vague, thinking in terms of what you want and then reverse-engineering this process to make what you imagine could be helpful.

Walt Disney saw great success after building Disneyland in Anaheim, California, but outside interests began crowding his theme park. When he decided to build another park in Florida, Disney didn’t let the experience of California dissuade him. He expanded his vision to something greater — a city of tomorrow. He created fake companies to secretly purchase acres upon acres of land near where Interstate 4 intersected with the Florida turnpike so his company could develop the area around the theme park.

“We keep moving forward, opening new doors, and doing new things, because we’re curious and curiosity keeps leading us down new paths.” – Walt Disney

2. Think beyond your reach

We are not where we think we are. The notion of “place” has become increasingly irrelevant in a globalized world. With the increasing interconnectedness of societies, cultures, and economies, leaders need to be careful not to think of themselves too locally. When leaders are global in their thinking, they are likely to elicit more widespread cooperation from international markets.

Ask yourself, “What communities beyond my local community do I want to impact?” and “What communities am I impacting?” When you take this approach, it can help your advertising strategies, for example, become more congruous with specific or global markets. Also, leaders who think globally will be more aware of competition from afar and opportunities for collaboration, too.

Jack Ma can be credited with being a global thinker for founding Alibaba, allowing Chinese consumers to access domestic and international markets that they could not previously access. By moving into e-commerce, online banking, and cloud computing, Alibaba has expanded into India and Southeast Asia. Alibaba’s Electronic World Trade Platform has even enabled farmers in Rwanda to sell coffee in China. This is a perfect example of thinking beyond your reach.

3. Connect the body and mind

We are not what we think we are. We are made up of 50% human and 50% bacterial cells. And water comprises 60% of our body weight. So we are basically bags of water and bacteria — with a dash of human cells thrown in for good measure.

Also, though we might think of ourselves as being separate from other people and things, many people or things you encounter in your life are stored in your brain’s memory centers. Our brain tissue contains images, voices, and other attributes of people and things, too. We are not actually as separate as we think.

Take care of your bacteria, and they will take care of you. Having the right balance of bacteria is of paramount importance to effective functioning because the wrong balance can make you depressed or anxious. Taking a probiotic can help restore this balance. Understanding that you are part human, part bacteria can change the way you take care of your moods by essentially reminding you to take care of your gut.

Mindy Grossman, the CEO of WW International — formerly Weight Watchers — is a good example of someone who understands the mind-body connection. Grossman has led the company’s focus from strictly weight loss to wellness through healthy habits. Part of the transformation includes a partnership with meditation app Headspace to help members maintain a positive mindset.

“It is health that is real wealth and not pieces of gold and silver.” – Mahatma Gandhi

When you engage in non-dual awareness by recognizing that your brain fuses and connects time, places, and people, your leadership capacities might also be enhanced. As Warren Bennis, founding chairman of the Leadership Institute at the University of Southern California, suggests, “Becoming a leader is synonymous with becoming yourself.” And your “self” is more intriguing and mysterious than you might first imagine.

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Success Advice

3 Ways to Optimize Your Life for Success

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how to optimize your life for success

Welcome to the 21st Century! The era of the Internet and computers, lack of focus and superficiality. I know it sounds scary, maybe a little more exaggerated, but it’s true. We live in a world of short posts and 3-minute videos. We barely engage in deep learning, deep thinking, and deep focus to produce iPhone-level products or services. So, the majority of us are actually a failure, thousands of miles away from achieving our life goals and business visions. How do we turn things around? We need to optimize our lives.

Here are 3 tried and tested tips that will help optimize your life for success:

1. Upgrade your sleep

When I started my freelance writing career—about seven years ago—I was passionate and excited at the beginning. I’d fill my To-Do list with 6-10 items, worked until 12 am, set my alarm to go off at 3 am, and had my running shoes close to my bed before I went to sleep. However, I barely accomplished anything. I usually became weak and bored before noon.

I noticed that I was putting a huge strain on myself. I was sleep deprived, which is the primary reason why I didn’t have the energy and the drive to accomplish my tasks. Many studies have shown that sleep-deprivation affects productivity.

As soon as I began increasing my sleeping time from 4 hours to 7 hours, my whole life changed. I started producing a lot and earning a lot more than before while also improving my health. With more sleep, I get the emotional energy and willpower I need to read, learn, and optimize my career.

“By helping us keep the world in perspective, sleep gives us a chance to refocus on the essence of who we are. And in that place of connection, it is easier for the fears and concerns of the world to drop away.” – Arianna Huffington

2. Read every day

I get it. You’re in the middle-class struggling to survive. You simply have enough to deal with. Reading? That’s not included on your to-do list. Well, if that’s you, then you’re not alone. The global literacy rates are at an all-time high at 84 percent, which means people don’t read as much anymore.

We already have enough on our plates. In fact, a study by the National Endowment for the Arts has found that the reading culture among American adults has drastically declined. That’s a big issue in our world.

Nothing can prevent you from reading, not even your plate that’s chock-full of other life’s priorities. If you want to produce more and impact the world around you, you’ve got to read more and learn more.

Take a look at the visionaries and business titans in our world. All of them are avid readers and avid learners. Bill Gates is a bibliophile and Phil Knight, the founder of Nike, reveres books. In fact, Knight customized his library to the extent that, before you enter into his library, you have to take off your shoes and bow.

So, what would you do next? Take Roald Dahl’s advice, captured in this beautiful line of the poem: “So please, oh please, we beg, we pray / go throw your TV set away / and in its place, you can install / a lovely bookshelf on the wall.”

3. Use Pomodoro to time yourself

You can’t go far in life if you can’t stay totally focused on a task. If you want to achieve your goals, you have got to stay laser-focused on a single task before jumping on to another. Why? Because goals are not achieved in one session, they’re achieved in a series of tasks, one after the other.

To install the focus habit in your system; therefore, you need to use a time-management kind of “system” that will keep you firm and attentive on a specific project. Pomodoro is that time-management tool that will help you stay focused.

It’s an excellent app that lets you set a timer for a particular task. You can set it for 30, 60, or 90 minutes and stop working when it goes off. I use it all the time, and I can’t imagine my work life without it.

“I know when I stay focused, good things will undoubtedly happen.” – Marc Trestman

Optimizing your life for more power, passion, and productivity is not about working hard late at night or running multiple projects at a time. It’s about maintaining your health and recharging your energy (having a deep, quality sleep), updating your knowledge (by reading every day), and staying focused on a project—until you accomplished it (by using Pomodoro technique to boost your concentration).

Of course, developing these sets of habits is not easy. You’ll fail and get frustrated, but as the productivity guru Robin Sharma beautifully puts it, “all changes are hard at first, messy at the middle, and beautiful at the end.”

Which one of these three ways to optimize your life resonated most with you and why? Share your thoughts below!

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Success Advice

If You Want Your Business to Grow, You Need to Increase Your Capacity in the Following 4 Areas

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Every entrepreneur must come face to face with the reality that there is only a limited amount of time, money, and people that you can use within your current position. The question is how do we increase or maximize the things that we find limiting?

As we walk through our hectic and often over packed ten, twelve, or fourteen hour work days, one of the questions that we should be asking is “What can I do to get more, to do more?” Instead, we just put our heads down and plow through the ever growing mountain of work. We are limited by capacity.

Webster’s dictionary defines capacity as “the maximum amount that something can contain.” As an entrepreneur, we have to be a little more creative than the average person and find ways to increase our capacity.

Below, we’ll identify the four areas where we need more capacity and ways to get more with less:

1. Time

Every human on this planet is granted twenty-four hours a day. That is it. Your capacity is a total of twenty-four hours. Within that amount of time you must manage several different demands. Our goal is to buy back our time, when we can, and operate at peak performance when we are accomplishing our daily task list.

First, without staying in performance shape, you will lose the ability to stay at optimal performance levels. Our bodies are truly a machine with an amazing capacity, but when it is abused by lack of sleep, improper nutrition, and lack of exercise, you are reducing the capacity at which you are able to work and function. The closer you are to peak performance, the more you are able to accomplish in a shorter amount of time.

Second is our mental condition. Here is what my experience has taught me. If I am mentally rested, I can think and make decisions faster because I can reason more quickly in addition to understanding the circumstances and information at an extremely fast pace. 

When your brain is healthy, it becomes easier to absorb and process information at a lightning fast rate. Taking the time to allow your brain to rest will give it the ability to function at peak performance.

Third is our ability to train and delegate. So often, entrepreneurs are control freaks. No one can do it as good, as fast, or with the same passion as they can. While that may be true in most cases, you are only one person with twenty-four hours in a day. 

You’ve got to delegate and accept people’s help. If you add one person that’s willing to give you eight hours of work a day, you have now bought back hours in your day to focus on activities that will generate more income and grow your business. Why wouldn’t you want to add more hours to your day by delegating out the appropriate task to qualified individuals?

“Lack of direction, not lack of time, is the problem. We all have twenty-four hour days.” – Zig Ziglar

2. Money

Money tends to be a sensitive topic. We all have beliefs that were formed through our childhood on the concept of money. With many different views and beliefs on this topic, let’s just focus on the fact that money is a tool that will either help grow the company or a tool that limits a company’s growth.

It is always amazing that the faster a company grows, the greater the challenge of money becomes, and this could potentially cause the company to implode on its own success. How do we then increase the capacity and have more money available to keep the company healthy?

Here are a couple of things to watch out for: 

  • Keep an eye on your budget and get accurate figures. 
  • Look at your Accounts Receivables. If they get too long, they could cause significant cash flow issues. 
  • Find investment opportunities. There are many private investors that are often willing to invest in companies that have true growth with solid foundations. 
  • Look at additional profit generators, products, or services that fit within your current business model. 

Each of these are ways to increase the capacity that money contributes to the growth of your business.

3. Space and Supply

I will never forget exactly where I was standing when I had a manufacture call and tell me they were unable to supply anymore products. They had sold us everything they had, and they weren’t going to have anything available to sell for at least another six months. At that time, we were selling customer printed t-shirts and had tens of thousands of orders that we needed to fulfill within the next thirty days.

Space and Supply are tied closely together. Space is often associated with the production. Do you have a space large enough to meet the demands of the supply? If production can only create 1,000 products a day and buyers need 5,000 a day, there is a conflict. 

A business needs to understand that challenge, and there are only 3 solutions to this problem: The business figures out how to increase production within the current workable hours, adds more workable hours with the equipment and space, or adds more equipment and space to increase production.

Space and supplies are assets that can be used towards the business advantage. Here are a few questions to ask when making decisions based on space and supply. 

  • Evaluate your supply channel. Are they able to maintain a solid supply of your raw product materials to match your growth as a company? 
  • Are there back up supply manufactures that can create a safety net for your raw products? 
  • Evaluate the amount of space you have available along with the time the space is usable. Can you run a second or third shift with the current space and equipment?

“The only person you are destined to become is the person you decide to be.” – Ralph Waldo Emerson

4. People

Your employees are likely going to be the most important way to create more capacity. We talked briefly about delegating to qualified individuals to increase capacity around your own personal time. The next phase is to create more capacity by adding additional, trained people. 

You need to create leaders of leaders instead of you being the leader of followers. Don’t miss this because the greatest of all companies focuses on increasing their capacity by training leaders of leaders and not just a loyal following.

Entrepreneurs tend to be a lonely bunch of souls. Too often, we are misunderstood and looked at with slight amount of annoyance. Others just don’t always know how to take someone that is passionately thinking outside the box. 

People skills are a must in order to have more than just yourself work to achieve that dream. As an entrepreneur, develop the social skills to work with individuals that are different than yourself.  

Here is a 3 step plan to have great capacity with people as your allies:

  1. Start by learning how to delegate your own tasks to buy back your time. Identify the tasks that are easiest to delegate and document how you do them. This will give you a specific job description, set achievable goals, and create a daily action plan that is now something that is teachable. 
  2. Use this system and apply it to the other things you are currently doing. I would suggest building out an organization chart and dividing the different tasks you do within the company. Then create a plan that will allow you to hire the right person and move you onto the next area in the organization that you will systematize. 
  3. Finally, create the culture. Culture is like a child, it will grow whether or not you pay attention to it. So be intentional. Learn what it takes to build a culture that attracts the employees that want to be there and grow with the company. 

Each of these four areas has an incredible amount of potential to increase your capacity, and allow your business to grow. Don’t attempt to tackle everything at once. Identify just one area that you will commit to grow within the next three to six months. Take action and implement. 

What is your next step? Share with us below!

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