Browsing CategoryBusiness/Entreprenurship

Should You Quit Your Job?

Working for somebody else earns you a paycheck at the end of the month. And as long as you have a working contract and the economy isn’t too bad, you’re guaranteed to receive that salary every month. And while some jobs can be professionally rewarding, others can bring you a headache. Yet, most people will stay in those bad jobs. They already have a lot of financial commitments and they need the money to pay their bills. And that’s exactly what I want to address. I want to discuss the idea of if and when you should quit your job…

How to Deal With Failure

Failure is an emotionally loaded word that elicits negative and unwanted feelings. Failure is often a statement about our performance. And it says that we couldn’t live up to our own expectations or the expectations of our mentors, parents, and even customers. But not all failures are the same. Small failures are necessary for personal growth and for the growth of your business, but it’s up to you to use the small failures as learning opportunities or neglect them until they gradually become into big and possibly irreversible failures. In this post, I want to shed some light on the…

How to Validate Your Business Ideas

Coming up with a business idea is an exciting time. You feel a surge of motivation to start taking action and to materialize your ideas into a profitable startup. It’s certainly a great feeling to have. But how do you know that your idea will in fact be profitable? You surely don’t want to invest 6 months of your time and energy creating a product only to realize that the idea isn’t going to work. You also don’t want to lose your money in the pursuit of something that was deemed to fail from the start. That’s why you have…

How To Measure Passion for Business

Startups can fail for many reasons. The product features are not prioritized in the right way. There is no need in the market for your product. Your funds dried up. You don’t have the sales skills to connect with customers, and so on and so forth. However, a lot of startups fail when money comes before passion. Let me explain. If you’re in business for money and you don’t care much about the product or service that you’re promoting, then you’re setting yourself up to fail. Money shouldn’t be your motive for getting into a certain business. It shouldn’t be…

Why Startups Succeed

In his most recent TED talk, Bill Gross gave a powerful presentation titled; what’s the single biggest reason for why startups succeed? See here for the video. Gross started dozens of companies, some of which became successful and some never got off the ground. And in his journey in the business world, he analyzed his successes and failures as well as more than 200 companies and looked into what made a business fail or succeed. According to Gross, there are five key factors that influence the success of business. Idea Team Time Funding Business Model Based on the studies he…

How to Free Yourself of Fear

Many great entrepreneurs never get to the finish line. They’re paralyzed by various fears. The fear of failing, the fear of success, the fear of trying, the fear of rejection, the fear of losing money and so on and so forth. But if you keep yourself in those chains, you will sabotage yourself and hurt your goals. As an entrepreneur, you need every edge you can get to make it to the next level. And if you surrender to yourself and to your beliefs, you won’t make it. In fact, tackling fear is perhaps one of the most important business…

Why You Should Personalize Your Startup

Launching your startup business is a time of tremendous excitement. You rent an office space, purchase all the equipment/technology you may (or may not) need, and you start working on your first product. You’re the happiest most driven person you’ve been in a while and everything feels right for once. You’re in a go mode and it seems like no power is this world can stop you from reaching your goals. However, 2 – 3 months into the business and as your endorphin levels (the feel good hormone) return to their normal balance and stabilize, your euphoric excitement will slowly…

How to Use Multi-Tasking To Your Advantage

There’s a lot of talk these days around the idea of single-tasking. Multi-tasking and working on a whole lot at once is distracting. And if you’re not careful, your margin of error will increase exponentially. That’s why a lot business bloggers have been focusing on single-tasking. Giving a single task your full undivided attention makes it much more likely for you to finish it faster and more efficiently. Additionally, working on your tasks sequentially instead of simultaneously reduces your risk of error and helps you get the job done. There are certainly a lot of merits to taking up one…

The “Lucky” Entrepreneur

The beginning of Fall is the beginning of a new season. And with every season comes change and variety. But some people won’t change. They’re stuck on the same old ways of thinking and doing things. And I am particularly referring to entrepreneurs who believe in luck. And just as there is a lot of risk with entrepreneurship, there’s certainly an element of luck in it too. But it becomes a problem when you rely on luck to do the work for you. I call such people “lucky” entrepreneurs. I don’t mean they’re successful, I just mean they’re waiting for…