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The beautiful thing about entrepreneurship is that anyone can do it without any limitations on age. If you are in your 20's and feel you have the spirit of entrepreneurship necessary to start your own business, congratulations! It's a long road, but as many entrepreneurs will tell you, it's also one of the most rewarding and fulfilling journeys you will take in your life. If you are starting your very own business and looking for new ways to grow, check out these three invaluable pieces of business advice from successful entrepreneurs.
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There is plenty of advice that, though popular, ought not be listened to and definitely not implemented. Why? Well, we'll get to those reasons in a minute. Just as it is important to familiarize yourself with good business advice to follow, you should be aware of bad business advice to ignore. In this post, we'll look at three commonly used pieces of business advice that you shouldn't use.
What differentiates the successful business owners from the dreamers with lost ambitions? Taking action. Whether it's opening up a restaurant, creating a new invention, or funding a start up, there's no benefit to business until the action starts. Once the action gets going, the universe seems to go your way more often. It's amazing how action creates more energy, and then better results start materializing quickly. Some people are tempted to call it magic. We call it taking initiative.
The days of smoke & mirrors are gone. No longer can a business owner hide behind a carefully crafted illusion of success in order to achieve actual success. Today's consumers, armed with easy access to knowledge (hello, internet!) and connectedness with like-minded consumer communities (hello, social media!) require much more from those they do business with.
How long is your to-do list? Does it stress you out just thinking about it? Stop thinking and take action! Completing one small item on your to-do list can give you enough energy to tackle the next item. Before you know it, you'll be on a roll and feeling great about it.
Consider a typical workday. You wake up and have a video phone call with a relative who lives thousands of miles away. Once dressed and ready for work, you use your smartphone to order a car service to take you to work. You have a secure chat group with your coworkers that allows you to work on projects, share documents, and exchange ideas. You can sign documents electronically without printing paper. Your break room even has a machine that can make a single cup of coffee for you rather than a whole pot.
Small businesses matter, and it doesn't take a lot of research to see why. According to Forbes, these businesses are responsible for more 65% of new jobs since the 1970s. However, as quickly as they provide new jobs, small businesses fail at an even greater rate. Nearly 80% fold within the first two years, which discourages many from starting at all. Of course, we would say that most of these "failures" are caused by the business owner getting tired from remaining on the business treadmill for too long, but you get the point.
While life as a business owner can be very busy, it is important to maintain your fitness level while balancing work and life. This can be especially difficult when traveling for business. However, with a little bit of planning and a commitment to stay active, you can stay fit while living your dream. Read on for some tips on how to get your fitness in while on the road
As a business owner, you might feel like caution is necessary and you would be right. There are times when you have to be careful—when you're hiring employees, when you turn over your books to an accountant, when you come up with a new product with unique features etc. You do need to protect yourself and your company to make sure that you're not cheated or embezzled. You don't want to have your trade secrets stolen. At the same time, you can't take this caution too far and withhold information from your customers
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AuthorI love teaming up with others to be a force for awesome in the Denver area. Archives
July 2020
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