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Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Wednesday, 22 February 2017

Learn How to Set a Goal

To paraphrase Mark Twain, “Giving up smoking is the easiest thing in the world. I know because I’ve done it thousands of times.” Setting a goal, whether it be to lose weight, earn a promotion or spend more time with your family, is easy — it’s carrying through that proves problematic. 

And yet, the world’s most successful people are intensely goal-orientated. They know what they want, and they focus on achieving it every day. So what’s the difference between a top executive and everybody else? 

“The fact is that successful people fail far more than unsuccessful people,” says Brian Tracy, a top management consultant, in a recent Q&A with SUCCESS Magazine. “Successful people try more things, fall down, pick themselves up and try again — over and over before they finally win.” So how can you learn to quit giving up on your goals? SUCCESS Magazine offers the following tips for more successful goal-setting:

– Write down a list of goals. Cynthia Kersey, author of “Unstoppable: 45 Powerful Stories of Perseverance and Triumph from People Just Like You,” suggests focusing on how you want to be remembered. “List the qualities, deeds and characteristics for which you would like to be remembered by your friends, spouse, children, co-workers, the community and even the world.”

– Set out a plan to accomplish your goals. Tracy suggests listing what little steps will take you to your goal, then organizing them by priority and sequence. Figure out how much time and money you will need to accomplish your goals, and revisit and revise your plan accordingly.

– Manage your mindset. Keep your focus by surrounding yourself with people who will help you accomplish your goals. Arrange your workspace and home so you’ll be reminded of your commitments. “When you form the habit of starting your productivity earlier in the day, associating with more positive people, managing the news and information you feed your mind, controlling the language you use — especially the ways in which you describe yourself, you will find it easier to succeed,” says Jim Cathcart, professional speaker and founder of the Cathcart Institute Inc. “Become the person who would achieve your goals and who would deserve them.”

Tuesday, 13 December 2016

6 Fears That Keep You From Starting Your Own Business

 I got this from Young Entrepreneur facebook page, and thought of sharing with you.
 

Your life will change when you start your own business. But how it changes is up to you. https://www.entrepreneur.com/article/254095

“Most men lead lives of quiet desperation and go to the grave with the song still in them.” -- Henry David Thoreau.
Some of my friends love telling me how great their jobs are. They brag about everything they do. Then, in the same week, they complain about everything they have to deal with.
This isn’t surprising. Most people are dissatisfied with their jobs. In fact, 70 percent of Americans aren’t engaged by what they do for a living. Let’s put that into perspective. There are around 120 million full-time workers in the U.S. right now and 84 million of them don’t really like their jobs.
Are you one of them?
Related: The Only Thing Not to Fear Is Success Itself
Starting my own business was the last thing on my mind when I graduated from college. I just wanted a stable job and a dependable income. I wanted benefits and vacation time. Free coffee and a food bar would have been nice, too.
But as the years went on, I realized the nine-to-five life just wasn’t for me. I began entertaining the idea of starting my own business but kept coming up with excuses not to. Eventually, I realized I needed to face my fears head-on.
Here are the six biggest fears I had to overcome.

1. Failure

Imagine putting everything you have -- your hopes, dreams and finances -- into starting your own business, only to watch it crash and burn. According to psychologists, the fear of failure is at the very top of the totem pole above the fear of separation and loss of autonomy.
How I overcame this fear: I had to redefine success. I realized it wasn’t enough for me to be at a decent job with decent pay -- security wasn’t my definition of success. For me, success meant chasing my dreams and achieving my goals. That’s when I realized I’d be failing by staying at my current job.

2. Inadequacy

Before I started my own business, there was a voice in my head telling me no one would take me seriously if they knew what I was really like. That they’d see me for what I was -- an impostor. The voice reassured me that I was okay where I was, even if I couldn’t stand my job.
How I triumphed over this fear: I used to think some of my colleagues were just naturally confident. That they were born for success. Nothing could be further from the truth. Everyone feels inadequate, insecure and unworthy. It’s how we deal with these feelings that determines how far we can go professionally. As soon as I came to the revelation this was everyone’s problem, the fear diminished.
Related: 5 Fears You'll Need to Overcome to Be an Effective Leader

3. Humiliation

Sometimes, the fear of rejection or ridicule can be even more pronounced than the fear of failure. There are 102 things we worry people will laugh at us for. We’re so anxious about what others think, that we let dreamed-up embarrassments limit us.
How I rose above this fear: Starting my own business was almost embarrassing. I didn’t know what my friends or family -- who’ve known me since I was a dorky kid -- would think. I was worried they wouldn’t take me seriously. I was worried they’d laugh. But they didn’t. In fact, they’ve been nothing but incredibly encouraging and supportive. You’d be surprised at how many people want to root for you.

4. Poverty

This was a big fear of mine. I grew up in a poor family and was worried I’d stay poor if I couldn’t secure a decent job. Since it’s so hard finding a job in the first place, why would I voluntarily let a good thing go?
How I let go of this fear: I recognized that I had a scarcity mindset. I believed that I had to hold onto the few “wins” in my life, or I would lose everything. Ultimately, this way of thinking prevented me from being as successful as I could be. So I let it go and opened myself up for success.

5. Separation

Worrying I’d be poor was just one manifestation of a much bigger fear -- the fear that I’d lose everything I had, even my close relationships. Without a stable career and a decent paycheck, I was worried I’d be a total loser, that I would have nothing to offer at all.
How I separated myself from this fear: This is classic separation anxiety. It’s also a very cynical way to be. I realized the people in my life wouldn’t vanish if I wasn’t successful. And if they did, they weren’t really my friends anyway.

6. Success

If you can believe it, the fear of success is very real. It plagues many people on the cusp of self-actualization and true independence. It’s ultimately a fear of standing out, and stems from feelings of inadequacy.
How I stopped being scared: Most people are afraid of change. I certainly was. But life and business are all about embracing change. If you’re afraid of failing -- or succeeding -- at your own business, just think about how you’ll feel if you didn’t try.
I decided to try, because I knew I desired success.
Don’t lead a life of quiet desperation.
“I can accept failure, everyone fails at something. But I can’t accept not trying.” -- Michael Jordan
Make no mistake -- your life will change when you start your own business. But how it changes is up to you. If you think you have what it takes, you owe it to yourself to try. At the end of the day, no one is stopping you but you.

Wednesday, 16 November 2016

It’s Not Too Late to Start Your Business

Three advantages of middle-aged entrepreneurs
By Kim Kiyosaki

This week, I read that the fastest growing segment of people starting companies is those aged 45 to 54. That’s right. The fastest growing entrepreneurship age group is the middle agers. This is great news!

I meet a lot of women who want to start their own business but feel that it is too late. For women, this is especially tough because many have spent most of their lives juggling many responsibilities that involve taking care of others as a wife, mother, and employee. So, when they get to a point in life when they can start to dream for themselves, they can be intimidated by not just gender bias but also age bias.

As one woman said in the article, “It’s weird to go to a meetup and literally be the oldest person in the room. If you sit there and dwell on it, you feel like a total outsider. You feel like, ‘What the hell am I doing here’?” I can sympathize with this woman. When Robert and I started the Rich Dad Company, we were in our middle ages. After the failure of Robert’s first business selling Velcro wallets, we had to climb out of over a million dollars in debt. We spent much of our early years learning about money and improving our personal finance skills. We invested in ourselves and our future, and then we launched another business. We weren’t the youngest or the boldest, but we were much wiser.

For both Robert and I, there were some distinct advantages to starting a business when we were a little older.

1. We learned to learn from failure
Fear of failure is one of the things that hold many people back from starting their own business. As you get older, you realize that you cannot avoid failure—we make mistakes! Instead, if you want to be successful, you learn to live with failure, to understand the lessons it teaches you, and to be that much better the next time. For most people, this is something that can be only learned with age. Most successful entrepreneurs and business owners will tell you that failure and the lessons they’ve learned from it has been a major factor in preparing for their present success.

2. We were more focused
When you’re younger the world is so wide open that it can sometimes be hard to know exactly what you want and to focus on going after it. This is not a bad thing, as many younger people have extreme amounts of energy and passion for multiple things
and projects until they find something that sticks. But there is a distinct advantage to coming into your own, to knowing what you want and what you have to do to get it.
For Robert and I, this was the realization that we wanted to teach people about money. We had done a number of different ventures prior to that, but once we really discovered our passion, that is when we became most successful. We were more focused, and that focus equaled greater entrepreneurial accomplishment.

3. We were more comfortable with others and ourselves
Being a successful business owner takes great skill in selling, speaking, and leading others. These are skills that can only be developed over time, even if you have some amazing natural talent. Going back to learning from failures, one of the biggest things you learn is how to better sell, better speak, and better
lead. Because you’ll make a lot of mistakes in those areas along the way!
This is not to say that young people can’t start and run great companies. Many do, and I hope more do! But the reality is that people in their middle ages and beyond do bring a unique perspective to the entrepreneurial table, and they can be just as
successful as their younger counterparts. All you have to do is start.

To women who think their best days have sailed past them, I say, there is never a bad day to start realizing your dreams. It is never too late to be who you want to be and do what you want to do.

http://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/March-2015/its-not-too-late-to-start-your-business.aspx