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The 7 Things You Must Do While Managing Your Business

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Did you start your business for specific reasons such as the loss of a job or due to your desire to be independent? However, do you think you have the right personality to manage an enterprise successfully? Are you aware of the common trait found amongst successful entrepreneurs or are you frustrated and struggling along?

Anyway, just keep on reading; to discover what might be missing in your personality. Because, once you dabble into business, you have become a different animal. If you want the business to survive and meet its set objectives, it must also be in tandem with your own self-survival and inner peace.

Here are 7 things you must do while managing your business:

1. Become a student for life

Seek knowledge. Go after many sources. Get an insightful mentor, preferably older than you. I lost mine about 4 years ago. I miss him greatly. Learn about winners and even losers in life. Learn about the lowly and the mighty. Learn about the hidden and the obvious.

This new habit of learning will spark and build your inner confidence. It makes it easier to develop and arrive at your own full conviction. Why? Because, today, there is so much confusion around our world.

2. Master your emotions

You will have to be a master of your emotions. It is not easy because we are human.

But you can strive to keep away from taking knee-jerk decisions. With deliberate practice you will be rewarded.

“Your intellect may be confused, but your emotions will never lie to you.” – Roger Ebert

3. Take care of your business

Your business needs all the attention. Self-discipline and your lifestyle have a lot to do with it. Imagine you are a guest at a sumptuous dinner and you have a business appointment out of town the next morning. Your friends can choose to eat or drink anything, in any amount. But not you. Maybe a bite or a sip. An overnight rumbling stomach may prevent you from doing that job out of town.

4. Build your business network

You will need to cultivate some business relationships. That is a tough one, for people like me, who don’t make friends easily. But one must work at it, because a business moves more smoothly with a good network. It throws up many opportunities and things get done faster. Or you may get a person to do much of that on your behalf. But be ready to pay a fee.

5. Find time to recap

Create the time to reflect on your successes and mistakes about your business and personal aspirations. This routine exercise prepares you when you need to make urgent and accurate decisions. Crisis will come up. I can assure you of that.

During your quiet moment, you will also be looking for patterns, opportunities and trends around you and even across the rest of the world. Your business is greatly affected by these realities. Other successful business leaders in your industry and elsewhere are actually doing same. It is a game of survival.

“I’m reflective only in the sense that I learn to move forward. I reflect with a purpose.” – Kobe Bryant

6. Watch your health

At the onset of a new enterprise, the health of a business owner needs all the attention.

You will be doing both the mental and the physical work. When you grow and if your finances allow it, then you can employ to help. That will reduce your workload and you will live longer. You will also be able to see your business more broadly, giving you more time to rest.

7. Watch your inner circle

You must strike a delicate balance to get the cooperation of your friends, staff and loved ones. Remember, those close to you may make or break your efforts. Not because some of them don’t love you, but they are thinking “Why have you imposed so much hardship on yourself instead of getting a paid employment?” But believe me, most won’t tell you to your face — even your adorable spouse, until you strike gold.
At your workplace study your staff, the people that do business with you and your clients.

And on rare occasions, for some very difficult clients you will have to let them go but with care. Therefore, you must reassess and renegotiate all relationships and be firm about it.

If your business dies, you may follow literarily, unless you have a reservoir of mental strength to stay alive and with your sanity intact.

Which one of these are you going to focus on today? Please leave your thoughts below!

Image courtesy of Twenty20.com

Muyiwa Osifuye brings over 30 years of demonstrable experience in small business into his consulting outfit and his articles through www.muyiwaosifuye.com His focus is on individual small-business owners who need practical management skills and advice on work-life balance. He is the author of two books, available on Amazon "Fast Track Your Business: 18 Steps on Ideas, Marketing, Self and Employee" and “The Small Business Starter's Guide: Sharing 30 Years Experience on How to Build for Success".

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How Your Friends Determine Whether You Succeed or Not

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Can anyone do without having friends? We all have our friends, we share ideas with them, talk together, have fun, and fight. Yes, that’s the baseline of friendship. But, do you know that aside from you, your friends can determine whether you achieve success or not?

There are two things in friendship which are the ability to ”love” and the ability to “influence”. This means you are loved and you are influenced. How do your friends affect your success in life? How are they one of the biggest deciding factors of your success? Let’s find out.

What type of friends do you keep? 

First, what type of friends do you keep? Who do you call your best friend? There are two different kinds of friends, good friends, and bad ones. A lot of people have lost their pathway to success and some have also found their road to success all because of the friends they keep, the people they mingle with. 

Who is your best friend? Answer carefully. Having a best friend means you find each other compatible and understanding. Analyze who your best friend is. If your best friend has not motivated you to do something positive, if who you call your bestie has never given you positive advice, lastly if your best friend has never informed and advised you on your shortcomings, then you don’t have a best friend.

This quote tells us “birds of the same feather flock together”. Countless people have changed from their good nature into a bad one all because of friends. One thing to note is, “negative people move with negative aura”. If your best friend is filled with negativity inside-out then you will surely be affected by his/her negative aura.

They influence your success with positivity or negativity 

The friends you keep can either influence you with positivity or negativity because your friends have the power to change your kind of person completely. 

This is how your friends influence you:

  1. They influence you indirectly with what they do
  2. They influence you directly by teaching and giving you advice 

Yes, that is how they influence you. For instance, you watch a movie and you like the way the actor walks. The question is if you truly like the way the actor walks, won’t you try to imitate the actor? Of course, you will.

Just the way you imitate the actor is the same way your friends can influence you with their character. However, the funny part is, they don’t have to teach you to do things like them. You just find yourself imitating and copying them gradually.

An important question to ask is, are you imitating a good friend or a bad one? If you imitate a good friend then you will be good, but if you imitate a bad person, you will surely become a bad person.

Everyone wants to succeed, a good friend will always teach, enlighten, and motivate you for success. A bad friend will only motivate you to do evil things (smoking, drinking, fight, envy,).

And you should know that things like that are a great enemy of success and even of God. So, if you have these bad elements in your life, how will you achieve success? There is no way!

And also, they can teach and advise you directly. But, what do your friends teach you? When you ask them for advice do they inspire you positively or teach you the bad stuff.? A lot of people have regretted lifelong decisions just by listening to the advice of friends. 

The company you keep has the power to influence and change you. Never forget that a positive influence will teach, motivate, and brush you up for success. While a negative influence will inspire you to become a bad person, change your good nature, and leave you with regrets in the end.

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The 3 Step Process to Building a Profitable Pitch

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As a communication coach, one of the top questions entrepreneurs ask me is how to deliver a winning pitch to potential investors. They want to know if there’s a magic formula to get an investor to say yes and buy into their dream and their business. (more…)

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The 4 Pillars of Wealth and Abundance

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Have you ever wondered what the formula for a wealthy and abundant life is? Many people have. Lots has been written about the subject of wealth creation and living an abundant life. It was a breaking point in my journey and pursuit of success when I found out that there is a clear path to achieve success in life. Thanks to those who have shared their journey, we can clearly see and follow the principles of prosperity. (more…)

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Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show

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Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.

What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.

1. Perceived Expertise

When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.

They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.

2. Global Acknowledgement

One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.

The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.

“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar

3. Backed By Numbers

One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.

The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?

4. Effective Communication

While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.

“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins

These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.

Have you ever thought about having a radio show? If so, what would you talk about? Let us below!

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