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Success Advice

Starting Fast Is Important but Finishing Strong Is Vital to Your Success

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Finish Strong for Success Motivation
Joel Brown

As Entrepreneurs we have no shortages of ideas. Some good, some bad, and some downright terrible, and with that comes many projects. Now a lot of emphasis is placed on the speed of implementation, but the real emphasis should be completion.

Simply put an unfinished job does nobody any good. There are many excuses as to why a project is not completed but no good reason. You’ll see it everywhere you go from big corporations, small shops, and everyday households. Ideas that are half-completed and abandoned for the next shiny object.

If you string along enough of these half-completed projects it becomes a habit, and soon you’ll have trouble finishing anything. It’s a self-sabotaging script that plays on repeat and you may fall into the same tricks time and time again. So it’s critical that every project has a start but more importantly an end date.

What you can do to change this habit

Without it you have a bunch of would be ideas and a portfolio riddled with I owe you’s. So to counteract the squirrel syndrome you have positioned yourself correctly. You must have a structured and detailed time line with check points along the way. Layout tasks and dates that correspond to consistent progress pushing you towards your ultimate goal. By doing this you give yourself a tangible way to measure advancement which encourages you to stay the course.

Consistency is the key, without it you will lose momentum and stall out. So you must create a system that keeps you focused and moving in the right direction. If at any point you dip in production or motivation you run the risk of losing it all. It’s far easier to maintain a regular level of production rather, than putting 110% effort one day and 30% another.

Lets use the tortoise and the hare example. Everyone knows that the tortoise was outmatched by the faster rabbit, but he had a consistent pace that ultimately pushed him past his sporadic opponent. By applying this principle to your everyday work you make it easier to finish projects.

Another trick is to knock out the biggest task early. Get it out of the way as soon as possible and you’ll find that everything you do after will be easy by comparison. Not only do you finish the most difficult assignment, but you give yourself the mental boost to keep going.

“The secret of success is consistency of purpose.” – Benjamin Disraeli

Not all projects are destined to be completed

People change, times change, and sometimes it’s just not feasible. Volatility is part of the world we live in, and sometimes we have to pivot and move on to the next big thing, just make sure it’s for the right reasons.

You must learn to spot and weed out stale ideas in the development stages of projects before any resources are committed to any one concept. It’ll save you time and effort that can be used for ideas that you can actually implement quickly, and successfully. So do yourself a favor and keep yourself accountable for what you say. Make sure that you turn your words into reality by taking action because ultimately you are judged by what you finish, not what you start.

“It is in doing things and not reading about them that results come about.” – Stephen Richards

How do you distinguish which project needs to be completed and which one doesn’t? Leave your thoughts below!

Image courtesy of Twenty20.com

Hi, I'm Victor Figueroa and I love personal development. I strive to be better than yesterday and my mission is to help inspire everyone to reach their full potential. Let's grow together as we travel through this changing world in search of health, wealth, and happiness. Join me at mentorsmindset.com as we shift our way of thinking and create our own realities. You can also follow me on instagram @mentormindset.

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Success Advice

How to Alter Your Business Approach With Technological Advancements

Keeping up with technological trends has become a challenge for almost every business owner.

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altering business approach
Image Credit: Midjourney

Technology’s evolution has impacted everything, and business is no exception. Keeping up with technological trends has become a challenge for almost every business owner. Entrepreneurs unable to do so are being wiped out of the market.

There is no doubt that AI (Artificial Intelligence) and ML (Machine Learning) have taken over the business world. These technological advancements are impacting decision-making, success percentages, and other entrepreneurial aspects.

Adapting to these developments is integral to business success. Let’s explore how you can accomplish these milestones.

Embed the strength of AI and ML.

AI has modified business operations in major ways. For instance, companies have employed bots for customer support. These bots go through an effective learning process via Machine Learning before being able to answer like humans.  

Bots can also perform detailed data analytics and make business moves with high success percentages.

ML is used more for the analysis of data chunks and generating successful predictions. This simply means that business owners do not have to worry about large-scale financial losses. 

In terms of deployment and usage, a reputed company like Netflix employs machine learning for decision-making.

Blockchain is increasing the count of business opportunities

Tampering of financial transactions is quite common and causes severe monetary damage to customers. With the rise of digital payments, this risk has increased. 

Blockchain is used to elevate your experience for monetary transfers. It combats penetrating events to extract confidential customer information. 

Most business sectors are using block chain but finance and supply chain management sections have a higher count. These two corporate sections have several monetary deposits and withdrawals taking place. 

In terms of percentage, approximately 72% and 5% of finance and supply chain firms have implemented block chain successfully.

Dedicate Yourself to Continuous Learning and Individual Development

You invest in learning some of the very important skills, including digital marketing, financial management, and how to gain customers as an entrepreneur.

You need to set up your knowledge base about doing business on Coursera and Udemy with the basics that are necessary for the business, building further by networking with experts through webinars.

Besides, Agile methodology will introduce elasticity to your company: this review and feedback system with further correction regularly will allow for enhancing efficiency and promptly reacting to the market.

Developing key skills to achieve goals

Running a business successfully is not only about having niche/domain knowledge. Business owners need to have communication / soft skills as well in addition to niche information.

Here are some key technical/domain-related areas that business owners should have a strong grip on.

Data Storage on Cloud: These days, companies do not store their data on physical servers. Therefore business owners should know how data is stored/edited/removed/updated via AWS, Azure, Google Cloud, and other platforms.

Data Analysis/Interpretation Qualities: These days, data is as precious as gold. Business owners with data analysis abilities make correct predictions. As a result, their ventures grow in volume.

Development/Coding Knowledge

Programming knowledge gives business owners an edge whether the application is developed in-house or outsourced. It assists in getting updates deployed and handling application underperformance without getting professional support every time.

Hacking proof framework

There is no benefit of having an advanced automated system if can be penetrated. Successful business owners have above-average knowledge of cyber security and hacking attempts. They are able to choose top-notch anti-hacking software without much of an ambiguity.

Communication Abilities/Soft Skills

Here are some key communication qualities that business owners should have:

Communication/Conversation: Business owners should use to-the-point sentences in both written and oral communication.

Issue Resolution Abilities: Business owners should be able to drill down to problems and solve them. This is done successfully only if an entrepreneur has in-depth business domain knowledge.

Agile Implementations

It is mandatory for business owners to have knowledge of iterative/agile models. With such a competitive environment, it is impossible for business owners to succeed without adopting an agile framework.

Create a productive well-crafted Business Strategy

A productive business venture starts with a clear vision. The first factor making a business successful is the idea behind it. It helps with endless growth and combating competition successfully. Katherine Philips once mentioned that business goals are inevitable if goals are set concretely.

  • Goals should be based on smart achievements instead of complexity. Focus on the value that each one of them adds. 
  • Business objectives should not be vague. Key indicators should be constructed to measure the success/failure of each milestone.
  • Be realistic when setting goals. Do not aim at impossible milestones since they can be demotivating.
  • Milestones/goals need to be time-bound. Set a completion deadline for each one of them. 
  • Business goals should not be alien. Owners can think out of the box but not be obsolete / unrelated.

Create a productive well-crafted Business Strategy

Business owners cannot succeed without having a network. Some tips help in this case. Attend conferences and professional gatherings to connect with other entrepreneurs.
Here are some other related points business owners should pay attention to.

  • Attend meetings and conferences to stay updated with trends and meet business owners who already have well-set ventures. This helps in enhancing the learning curve of new / growing entrepreneurs.
  • Being a part of business communities/groups is very productive. When one shares opinions and discusses decision-making tactics, it helps in preventing errors and enhancing success rate.
  • Even the most experienced business owners have mentors as learning never stops. Take part in mentorship programs so there is an assurance that you are following the correct roadmap.

Conclusion

There is absolutely no doubt that business dimensions have evolved with technological advancements. Successful entrepreneurs have grabbed these changes in due course of time and continue to evolve. On the other hand, people following old paths and conventional steps fade out of competition. In a nutshell, keep an eye on the processes and practices you follow as these factors decide success rate.

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Success Advice

Understanding the Power of Yes and No: How to Create Boundaries For Success

These words have a significant impact on how our success unfolds

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Creating legal boundaries
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The two smallest yet most powerful words in life, “Yes” and “No,” have a big impact on our growth on both personal and professional levels. In addition to affecting the choices we make every day, these words have a significant impact on how our success unfolds. (more…)

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Motivation

From Couch Potato to Go-Getter: A Step-by-Step Motivation Plan for Everyone

By understanding what motivates you, you can turn your dreams into reality

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How to be motivated
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Are you tired of feeling like a couch potato? Do you want to transform your life and become a go-getter? You’re not alone! Many people struggle with motivation, but the good news is that change is possible. (more…)

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Success Advice

10 Micro Financial Habits for More Wealth and Peace of Mind

The World Economic Forum still reports that half of U.S. adults lack financial literacy

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micro financial habits
Image Credit: Midjourney

You’ve heard about developing financial habits, but what about micro-financial habits? Micro habits are the tiny things you can do every day with minimal effort that, together, transform your future. (more…)

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