Tag Archives: entrepreneurship

Habits of Rich People

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These habits define rich people. If you adopt the habits below, you will be on the path to a wealthy life as well.

Junk Food

Unless you feed yourself properly, you will not feel well and, in turn, you cannot think well. Focus on healthy fats, protein, vegetables, and fruit. 

Gambling

The lottery is otherwise known as the Fool’s Tax. You can never become rich if you use a significant amount of your income for gambling. 

Singular Goals

Wealthy people set a single clear goal and set out to achieve it. 

Exercise

Exercising and eating well go hand in hand. Exercising boosts your energy and mood. Find something you enjoy like walking or running.

Audio Books

When you are taking a walk or commuting to work, listen to educational or inspirational audios—feed your brain.

To-Do List

Before you go to sleep, create a to-do list for the following day, even for small things. When you cross them off you will feel motivated!

Non-Fiction

To enjoy non-fiction books, look for subjects that you find interesting.

Volunteer

Volunteering increases happiness. Another thing, you can make valuable connections while volunteering which may prove helpful in future. 

Happy Birthday!

People with close social relationships tend to be happier. The happier you are, the more successful you are likely to be. When you remember your loved ones’ birthdays, you foster the relationships. 

Write Goals Down

Writing your goals down increases your chances of achieving them. When something is written down, it remains at the forefront of your mind.

Read

Reading should be a part of you. Find books that teach you something.

Bite Your Tongue

Learn to pick your battles. You do not have to speak your mind every time. Sometimes you must be quiet even when someone is being difficult.

Network

Who you know matters! Your next big job can come from anywhere. Attend Meet Ups and industry events.

TV

There is almost nothing good about watching TV.  Instead of wasting time, do something beneficial such as visiting a friend, reading a book, or making a healthy meal.

Reality TV

Watching TV can be justified but watching reality TV is just dumb. This cannot be said nicely. If you watch reality TV, you need to be better.

Wake Early

Early hours are quiet and peaceful. Use this time to be productive because you have no one to interrupt you. Waking up early also allows you to start your day calmly.

Teach Habits

This is more about adopting good habits so your children can copy them and less about teaching them.

Opportunities

Many wealthy people believe that if you have good habits, you will have better opportunities.

Bad Luck

When you foster bad habits, be prepared for bad outcomes. For instance, failure to floss may lead to gum disease and, in turn, expensive dental work.

Be Learning, Always

Never stop learning. Take a dancing class, learn new skills—just learn something.

Love to Read

The importance of reading cannot be emphasized enough.

Many successful people will tell you that reading has partially contributed to their success. Before Elon Musk became Tesla CEO, he read for 10 hours every day. Bill Gates, Microsoft CEO, completes one book every week. 

Warren Buffet

Buffet spends 5 to 6 hours daily reading newspapers. He makes sure to read five different ones. He also goes through 500 pages of investment documents and recommends this to all investors. According to him, knowledge works like that. Like compound interest, it builds up. Everyone can do it, he says, but not many won’t do it. 

Bill Gates

Formerly the CEO of Microsoft, Bill Gates says that he reads 50 books a year. This roughly translates to one each week. 

Most of the books he reads are non-fiction and deal with science, business, engineering, disease, and public health. Occasionally, he reads a novel. However, he is more interested in books that make him more knowledgeable about the world. 

Mark Zuckerberg 

In 2015, Mike Zuckerberg revealed in a Facebook post that he intends to read a new book each week. He said that he was interested in learning more about technologies, histories, beliefs, and cultures. He said that books cause you to explore something fully and get deeper into it. 

Oprah Winfrey

The talk show host has been encouraging her viewers to read since 1996. She says that reading is her path to freedom. For her, books allowed her to see a world beyond her grandmother’s house. They opened her eyes to possibilities that went beyond what was acceptable at the time.

Mark Cuban

Mark is the owner of Dallas Mavericks. He is always saying that you should treat your business like a sport. That means looking for the competitive edge in every possible way. For him, it means three hours of reading each day so he can learn about various industries. Mark asserts that this was very fruitful when he was starting his career. All the things he read were public. The books and magazines are accessible to anyone. The information he acquired can be accessed by whoever wants it. However, he says, many are not interested.

David Rubenstein

Rubenstein is the cofounder of The Carlyle Group. He reads about six books every week and almost eight newspapers every day. He attributes this extraordinary ability to his laser-like sense of focus. David says that he has always been driven from an early age. 

Phil Knight

This Nike founder had a library at the back of his executive office. He kept it sacred and asked anyone who entered take off their shoes and even bow. 

He stepped down as the CEO, but he says that the library still exists.

Elon Musk

Musk co-founded PayPal and is now the CEO of Tesla. However, before all that, he dedicated 10 hours each day to reading science-fiction novels. That is how he became knowledgeable about rockets. You have come across people who look like they have it all together.

They happily and successfully manage their responsibilities, careers, and families. How do these people manage to juggle so many things with ease while you can barely do one thing without getting frustrated? These are the same people that win the race, get promoted, never appear stressed, and everyone admires them. This is their secret. They get enough sleep. People who sleep properly are happy, focused, and successful.

Sleep helps recharge your body and brain. When you are feeling tired, you will jump from one task to another without clarity. You, like everyone else, want to be the best version of yourself in parenting, your career, or whatever you do. The modern life is so busy, and sleep is a luxury for many people.

You always hear the saying “I’ll sleep when I’m dead” often. This is a mistake. Sleep is an important factor if you really want to achieve your goals. Poor sleep habits will wear you out. You will begin to break down. You become moody and irritable.

If you continue depriving yourself of sleep, you may experience anxiety and hallucinations. You will be emotionally flattened, and your relationships will take a blow. Your ability to remember will lessen, causing cognitive delays. You may get into substance abuse. You may start getting micro-sleep. 

Sleep Don’ts

Avoid eating right before bed. Eat three hours before you go to sleep. Stay away from alcohol and caffeine. Alcohol may make you drowsy at first, but it can cause you to wake up many times during the night. Use your bed for sleep only, not TV, not work; just sleep. Turn off the lights. Bright lights repress melatonin, the sleep hormone. Avoid sleeping too much. Oversleeping does more harm than good. Eight hours of sleep is enough for an adult. 

What to Do

Meditate: stress is the leading cause of sleeplessness. Learn to turn off your mind.

Positive thinking and organization: before bed, write down all the positive things that happened during your day. Also, make a to-do list for the following day.

Exercise: do this late afternoon or early morning. It makes you feel better and aids sleep.

Hydrate: stay hydrated all through the day.

Relaxation tea: the aroma itself will relax you and get your body ready for bed.

Wake up early: this is a key factor if you want to be successful. It makes you start the day in calmness without rushing.

Maintain a sleep schedule: have a routine. Sleep at the same time and wake up at the same time every day.

Keep your room cool: 650F is perfect according to research.

Life goes on: solve what you can and don’t worry about what you cannot solve.

Laugh: humor and laughter make you stress less and become more likeable.  Have your goals somewhere at your bedside table: When you wake up, it will be the first thing you see every morning. 

What Makes Great Leadership

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Leading a team of young, vibrant, and enthusiastic individuals might prove to be a daunting task, so that it is often difficult to make successful leaders of everyone. And while not everyone is built to take up leadership positions, there is always that one, or more, member of your team you feel is set up for the inevitable eventually.

Those members of your team who mirror certain potentials of everything you possess as a leader, and that it is only a matter of time before they become one. But leadership is like fine art; it takes a lot of time, persistence, learning and unlearning, to become successful at it. And here’s the question, how do you make the best leaders out of such people and make them better versions of yourself, bearing in mind that there are certain inadequacies of yourself you do not want to transfer to them too?

There are different arguments on whether leadership is an innate ability or a thing that can be nurtured. The answer to this is irrelevant when you are trying to make new leaders of your team. No one starts to succeed at leadership immediately.

Think Walt Disney and Henry Ford. Good leadership requires a lot of qualities, many that require you to learn them. While there is no singular way to raise new leaders, the following tips should help you make the best of raising a competent leader in your team.

Pragmatist or Idealist: Creating A Balance

Many teams and organizations contain different kinds of people and from different backgrounds. Some of which makes us unique in how we make certain decisions. As a leader, you already know that members of your team are either pragmatic or idealist (which is good for your team as there’s no one way to get work done). But which category do your potential leaders fall into?

Have they shown tendencies to become pragmatic leaders who believe in making decisions on the practical, rather than theoretical aspects of goals or objectives? Or an idealist leader who is more likely to float with “what happens in the end is all that matters” and that all goals can be met. In this case, as a leader, who is also a mentor now, you should make serious efforts to creating the best of leaders. He or she must realize that life is not a one-way lane and that compromises must be met sometimes.

It may be dangerous to be on the extreme in whatever school of thought they belong to. And this is what Pravin Gordhan, a South African Politician and its former minister of finance, echoes when he says about leadership and the world requiring special kind of leaders, “…who balance romantic idealism, which is important, with pragmatism that converts idealism into reality.”

Results indeed matter to a leader, but special and great leaders must be able to create a balance in whatever frameworks they have laid down to reaching a set goal. The journey to be a great leader is a tiring one, as you, the leader, already knows. And occasional failures, sometimes many, are major ingredients of what makes it so weary. But it is what births many great success stories. It won’t be surprising, however, to find some members of your team unreceptive to failure.

You must therefore make your prodigy(s) realize that failure is an inevitability if they want to be successful leaders. A great leader is someone who has failed in one capacity or the other before. Robert F. Kennedy, before he died, once said, “Only those who fail greatly can ever achieve greatly.” Now, this is not to excuse failure, it is to help emerging leaders have a consciousness of the reality of failure and that they would encounter it more than once when they become leaders.

It is true that no one wants to fail, but it is also true that we fail, so that we may succeed most times. In the same vein, you must help those by discussing whatever failures they have had. The why? How? What should be done? questions must be asked and discussed among members of the team. No one should feel inadequate for making mistakes or failing blatantly.

It is okay to want to oversee everything that goes on in your team in a bid to see that things are properly done. But sometimes, when raising a new leader, you just need to sit back, relax, and watch them do everything they’ve been asked to do, on their own. Independence is important in leadership, as much as teamwork is revered. You do not want to raise a leader who cannot stand on their own.

Emerging leaders are not supposed to be babysit all the time; they are future babysitters and must learn the art of looking after others and doing it on their own. They must learn how to handle pressure, carry it in its heaviness, and deliver positive results under its harsh conditions. Sometimes, they would need to imagine you aren’t there, and you imagine you aren’t there either.

This teaches self-confidence as effectively as other methods you might have on your list. When you allow emerging leaders to do things and make certain decisions on their own, it gives them a sense of responsibility and trust in their own abilities. What this essentially means is that leaders must first learn to lead themselves before they are able to lead others.

Michael Hyatt in his book, Living Forward: A Proven Plan to Stop Drifting and Get the Life You Want, made it clear that, “how we lead ourselves in life impacts how we lead those around us.” While Isrealmore Ayivor, author of The Great Hand Book of Quotes, furthers, “Those who distrust their own abilities are being too wicked to themselves…if you are good at discouraging yourself, you can’t be a good leader, because leadership is built on inspiring others to face challenges.” Too much babysitting may therefore be a shell for enclosing the potentials of emerging leaders.

Giving them considerable freedom to do certain things would help you realize those that believe in themselves and those who mistrust their abilities. In the case of the latter, you will therefore need to set remedial plans in motion. Building emotional intelligence is the sixth sense of any leader; the ability to manage emotions. You must help emerging leaders realize this, as well. It is a core in leadership that extends to both the leader and members of his team.

You cannot afford to have a team whose emotional wellbeing is oblivious to you. Emerging leaders must be able to tell when they, or their team members, are having a bad day. The success of any collective endeavor is an exponent of your emotional radars as a leader, which must always be active. It doesn’t have to be immediately perfect. You are a leader, but human. It can be built over time, especially in your formative years as an emerging leader, by being self-aware. Followers become confident of a leader who shows a lot of care and affection towards them.

Theodore Roosevelt amplifies this by saying, “No one cares how much you know, until they know how much you care.” Empathy is a great asset every successful leader must possess. There is a phase of project management, based on the Prince2 framework, where members of a project come together after a project, or each milestone, and discuss lessons learned from the work done.

The team listens to members of the team share experiences, successes, and failures inclusive. This is not done because they just want to have a sit-down. It helps to avoid members making mistakes that have been made before. In the same vein, this means two things that can be applied in other teams. Firstly, as a leader, tell your story often, so that your followers and potential leaders get a hang of things to do when they hit a roadblock in their endeavors as leaders too.

Secondly, as an emerging leader, you must be a religious listener. The experiences, good or bad, of others might serve as the light for you to become a successful leader in the future, shaping the decisions you take when you hit similar snags. It’s been said several times that Rome was not built in one day. Leaders are not built in a day, as well. Mistakes will be made, and lessons will be learned.

And as a leader who wants to birth another leader, it is your duty to create the best atmosphere for development. That an emerging leader didn’t turn out like they were supposed to must not be your fault. However, an emerging leader in their formative years must realize that they are ultimately responsible for the type of leaders they become. Willingness to learn and hard work and following the tips above are major ingredients for growth.

How to Find A Business to Buy

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You dream of owning a business and experiencing its many benefits freedom, power, wealth, and fulfillment. But you do not want to start a business on your own.  There is too much risk and uncertainty.  Plus, you do not know what you would want to do that could be successful. 

Instead, you want to find an existing business or a proven business idea that you can operate successfully.  But the million-dollar question is: Where do you find it?

There are several methods of finding a business to buy, and each has its own benefits.  Here are some options to consider:

Word of Mouth

This method of finding the perfect business to buy is very much chance-based and consists of someone telling you about, or you drive around and seeing, a business that is for sale.  Due to its nature, you are exposed to a limited number of businesses.  And unless you are lucky that one of the few discovered in this fashion is exactly what you want, this method is not highly effective at finding the perfect business to buy.

Classified ads in the local newspaper

The old-fashioned method of finding a business to buy is to look in the classified ads in the local newspaper and see if any catch your eye.  This is a difficult way to find a business to buy for several reasons.  One, the number of businesses-for-sale listed in the classifieds is small compared to the overall universe of businesses that are for sale at any time.  Two, classified ads typically present you with only three lines of cryptic text to give you background on the business.  And three, classifieds do not have a search function, so you must spend a lot of time looking through all of the classifieds to find those businesses that interest you.  While classifieds can serve a purpose in buying a business, they are not very efficient or effective.

Business Brokers

Business brokers are typically very professional and knowledgeable in the art of buying and selling a business.  Plus, they are skilled at helping sellers sell their business.  But therein lies the rub they are contractually obligated to help the seller sell the business. They are not obligated to you as the buyer.  Therefore, brokers will usually look out for the seller’s best interests first, which means they will often only show you businesses that they represent.  This severely limits your exposure to the number of businesses that are available for sale at any one time, which makes it an inefficient method of finding the perfect business to buy.

However, more common these days are Buyer Brokers.  These business brokers represent you, the buyer, in your efforts to buy a business.  This can be remarkably effective because the broker knows how to navigate the process of buying a business.  However, you often must personally pay the broker to help you buy a business, which increases your costs.  Therefore, it is often best to conduct a search for a business on your own, and then hire an attorney or experienced broker to guide you through the purchase process.  But where do you search for businesses on your own?

Online marketplaces

Online marketplaces typically contain an exhaustive list of businesses that are for sale.  Plus, it is easy to search these thousands of businesses instantly to find only the ones that meet your criteria.  This makes online marketplaces the most effective, efficient and comprehensive method of finding the perfect business to buy.

There are many online marketplaces to choose from, but they are far from equal.  Some have inadequate search functions, others are just interested in collecting listing fees from business sellers, and others do not offer the buyer tools to help make your search process easier.  As a result, selecting a good business-for-sale marketplace is critical in your search for finding the perfect business to buy.

You want a site that allows you to search its listings for free and has a strong search function to help you do it effectively.  In addition, you want a site that allows you to save your searches and be alerted via email anytime new businesses are listed that meet your search criteria.  This saves you the time and effort of continuously searching sites everyday looking for the right business.  Instead, the site does the work for you and presents you with businesses that are of interest to you.

Finally, you want a site that puts its money where its mouth is, one that charges sellers based on performance and not on a pre-set monthly fee.  These sites are dedicated to helping match business buyers with sellers while lowering the cost of selling a business.  As a result, these sites are highly effective for both buyers and sellers.

Seven Ways Writing Articles Can Help Your Business

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In today’s highly competitive internet universe, the importance of attracting highly targeted traffic to your website cannot be overemphasized. Routing web traffic to your site can be your only means of survival, especially in the cutthroat world of ecommerce. Getting a high search engine ranking can be very difficult. Fortunately, there is plethora of website promotion strategies you can use to drive traffic to your website.

There is a wide variety of strategies you can adapt, from paid advertising to affiliate marketing. However, most of these techniques require payment. Nevertheless, there are ways to promote your website and increase your web traffic without spending anything. Writing articles is one of the best web site promotion strategies you can use, and they can be very effective. How, you may ask, can writing articles help improve your web traffic? Here are the top seven ways in which it can help explode your business.

1.Reach more people

When you write good articles, it would be a shame not to share them with other people. You can post your articles in your website or you can submit them to other sites such as e-zines and online publishers. By submitting your articles to these sites, you give exposure not only to your ideas but also to your website. Simply include a link back to your site or include your information in the resource box. With this, you get exposure and free advertising as well. Submit your articles to popular e-zines and take advantage of their popularity. Other sites who find your article relevant may also link back to you. Thus, you increase your link popularity, which is one of the most important strategies in the internet world. Remember that most people are looking for information online and by filling this need with your quality article; you may reap the benefit of more exposure and higher web traffic.

2.Free Advertising

Submitting your articles to other websites presents an opportunity to advertise your website without paying exorbitant fees. Although you should avoid marketing language in your articles and make it informative and useful to your readers, you can always include your site’s link in the resource box. In addition, by making your article relevant and helpful to your readers, you are making a good impression for your website, which could ultimately lead to a visit and hopefully a purchase. Good quality content in an article is far better and more effective than a few lines of ad space. You have a very special opportunity to presell your product or service to your prospective customer.

3.Gain High Search Engine Ranking

Create a new web page for your article in your website. Optimize your article to make it search-engine friendly. Use top-ranked keywords and Meta tags that can give your website a high search engine ranking. As soon as you upload your new webpage to your server, search engines will spider through it and you can gain an increase in search engine ranking. Remember that search engine optimized content is a very effective strategy to gain a high ranking in search results.

4.Increases Link Popularity

Instead of looking for other sites who would want to establish reciprocal links with your site, you can simply submit an article to other sites. Just do not forget to include a link to your site in your resource box. When these websites pick up and publishes your article, you automatically get a link partner. Try to get as many link partners as you can. Link popularity is one of the factors used by search engines in determining search engine rankings. Make your article especially useful and appealing, so that more websites will be encouraged to publish it.

5.Optimizes your site for improved search engine ranking

By making your site keyword rich, you can greatly improve the search engine ranking of your site. Remember that keyword density is one of the most important factors that search engines use when determining the search engine ranking of site. However, you should always provide relevant, useful and pertinent information. Avoid the temptation of overusing keywords just to gain a high ranking as this may turn off most web surfers. Relevance and quality is still the most important things to consider when writing articles and it will be doubly useful to your site if you make these articles search-engine optimized.

6.Establishes a Good Impression and Reputation

By writing excellent, original and relevant articles, you not only give your site exposure, you are also creating a good impression on your prospects. Encourage more people to visit your site and do business with you by establishing an impressive reputation through your articles. Be an expert in the field and your will ultimately gain more customers eager to do business with you.

7.Enhances your credibility through references and testimonies

Certainly, your articles are going to receive feedbacks and testimonies when you publish them in e-zines and free article sites. Record these positive feedbacks and comments and use them as promotional material in your website or in any of your advertising efforts. Your credibility will be greatly enhanced by these feedbacks, as it will create a good impression on your prospects as well as your existing customers. In this highly competitive world, excellent credibility and trust may be the only things you need to attract new customers or make loyal patrons out of your existing customers. Original, relevant, useful and pertinent articles are important tools you should utilize to improve and explode your business.

105 Service Businesses to Start Today

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Consumers love convenience. They always want things to be cheaper, faster and better. This is why they love specialty-services entrepreneurs. 

Check out the following ideas to see what you can do.

Personal Services 

  • Mobile pet grooming
  • Collectibles search
  • Diaper delivery
  • Dry-cleaning delivery and pickup
  • Mobile locksmith
  • Graffiti abatement and removal
  • Golf-club cleaning
  • Self-defense instructor
  • Adventure tours
  • Pet sitting
  • Court-paper serving
  • Mobile massage
  • Mobile mechanic
  • Personal chef
  • Tailor/seamstress
  • Porcelain repair
  • Resume/cover letter service
  • Mystery shopping
  • Tax-form repairer – prepare tax forms for businesses and individuals. 
  • Wedding-guide publishing
  • Mobile detailing and car wash
  • Used-car inspection
  • Professional organizer
  • Tutoring
  • Power washing
  • Windshield repair
  • Private investigation
  • Business plan consulting
  • Unpacking and packing services
  • Business travel management
  • Carpet dying
  • Hospital bill auditing – help patients understand their hospital bill. 
  • Specialized staffing
  • Bookkeeping
  • Computer repair
  • Referral service
  • Freight brokerage
  • Video brochure
  • Executive search – match employers with the right person for opening in their company. 
  • Computer consulting
  • Long distance reselling
  • Limousine service
  • Office relocation service
  • Language translation
  • Office plant maintenance – water, prune and fertilize offices’ plants. 
  • Professional office consultant
  • Office support service
  • Miniblind cleaning
  • Apartment prepping
  • Debt collection service – track down delinquent debtors and get paid when they pay your clients. 
  • Catering 
  • Restaurant delivery service
  • Seminar promotion
  • Window washing
  • Valet parking
  • Professional organizer
  • Power washing
  • Marketing and Sales
  • Sales lead generating
  • Public relations agency
  • Proofreading and copywriting service – create catchy and error-free copy for your clients.
  • Direct mail/coupon
  • Mailing services
  • Sales training
  • Welcoming service – greet newcomers in your neighborhood with a package of samples and coupons from the local businesses. 

Home Services

  • Unpacking and packing service
  • Handyman services
  • Home entertainment installation
  • Debt/mortgage reduction service – help people reduce their debt by offering them alternative structures of payment. 
  • Pool services
  • Lawn care
  • Home inspection service – assess homes for issues like foundation abnormalities and structural damage, then connect them with contractors for repairs.
  • House painting
  • Local moving service
  • House sitting
  • Home decorating – if people are always complimenting what you have done with your home, try your hand in decorating houses. 
  • Miniblind cleaning – keep miniblinds clean for home, offices and the buildings around you. 
  • Pet supplies and food home delivery
  • Custom closet systems – look for long time closet accumulators and new homeowners. They are your potential clients. 
  • Window washing
  • Residential cleaning

Computers and Technology

  • Computer repair
  • Computer consulting – use your computer knowledge to benefit newbies who want to learn a thing or two.
  • Internet research
  • Website designer

Children’s Services

  • Children’s party planning
  • Child care
  • Child identification program
  • Children’s fitness
  • Children’s transport service
  • Baby proofing
  • Kids’ computer training
  • Nanny placement – help busy parents find a nanny. 
  • Infant/new mother home care – when new parents come back from the hospital with their infants, help them get settled by offering in-home support and care.
  • Tutoring

Event Services

  • Photography
  • Personal shopper/errand runner
  • Family history video – film personalized accounts for families such as births and weddings. 
  • Mobile disc jockey
  • Wedding planning service
  • Event planning
  • Limousine service
  • Photo birth announcements
  • Videotaping service
  • Reunion organizing – help a big high-school class or big family come together.