Business

Unexplored Territory
business

Unexplored Territory

What’s it like venturing out of your business venture? Hitting new milestones usually means venturing out of your comfort zone and trying new things in your business and your career. In 2020, everyone was forced to explore new territory with their business because of the current COVID-19 pandemic. Not every business can survive the new challenges that shape the new way of conducting business, but every business should be able to identify the ways they could improve with a little risk.

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Maximize Your Business Momentum
business

Maximize Your Business Momentum

When the new year starts rolling around, everyone gets eager to set new goals, review the past year, and reinvent their businesses. It’s not a bad thing, but it might not be a good thing to try to reinvent the wheel for the new year. Yes, goal setting and measuring milestones are important to tracking progress, but abandoning strategies or plans for a shiny new objective in the new year won’t help.

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Paying For Expertise, Not Time
business

Paying For Expertise, Not Time

Should you be paying for time, expertise, or both? It’s easy to look at something and underestimate the amount of resources (whether they are financial, skill-based, etc.) it takes to complete a project. From time-to-time, there will be a need to outsource work for your business. Outside expertise gives businesses the opportunity to gain insight into their operation that would not be found in-house. This could be for a variety of reasons, for example, having a small team, an absence of expertise in one area, or pivoting into a direction that requires external assistance.

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Expertise Isn't Fiction
business

Expertise Isn't Fiction

No one is an expert at anything because there is always more to learn. That’s the norm with most tasks; it certainly is that way with business. Yet many who endeavor to start their own ventures, and even those who have entrepreneurs for a while, feel like their shortcomings define them. Because enough isn’t ever really enough. At first, this seems like a great motivator to strive to be the best and hit new targets, but eventually, this backfires.

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Overperforming Sends The Wrong Message
business

Overperforming Sends The Wrong Message

Growing up, we see high achievers and the overzealous be rewarded for always striving to break down barriers. This goes for academia, athletics, or even in the arts. It’s admirable and commands a high level of reverence because it takes a lot of hard work and dedication to create new standards. However, this can be detrimental to those who prioritize over-performing at tasks. The mental and physical burnout that comes with never being able to simply meet standards because they must be overcome is terrifying.

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Business For Beginners
business

Business For Beginners

So, you’re thinking of dipping your toes into entrepreneurship, but you’re not sure where to start? That’s fine. There are tons of ways anyone with limited business knowledge can get started. Apart from the constant flow of resources online, business starts with finding a market and delivering a product to them. Aspiring entrepreneurs can be overwhelmed by the sheer volume of concepts and principles on what they should and shouldn’t do.

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Behaviors That Make Money
business

Behaviors That Make Money

Money does grow on trees and it certainly doesn’t magically appear in your bank account. Being productive at work, whether it’s at your job or in your own business, is more than ticking boxes off your to-do list. Being efficient is about hitting your goals, and, for everyone, financial goals are important. Always keep ambitious goals. You can be ambitious and realistic, after all, your reality is what you make it.

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Decisions & Business
business

Decisions & Business

Nothing gets someone fired up like external pressure. If there is a mounting deadline, a stressful work environment, or just tension surrounding a project, the fight-or-flight mode is activated, and then snap decisions are made. But they don’t always feel good, do they? Making decisions because you have to, when the circumstances are dire, leaves a bitter taste because it is fear-based. You need to get something done, so you just move ahead.

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Right For The Job
business

Right For The Job

Job security is a thing of the past. Anything can happen to anyone at any time and people are scared because there is no certainty when it comes to a consistent income unless you create that opportunity for yourself. Even when you are secure with a salary, it doesn’t mean that you are secure in your sense of being. Job fulfilment shouldn’t have to be an afterthought because you devote a significant amount of your time to your career.

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Work For Yourself Like You Work For Others
business

Work For Yourself Like You Work For Others

Business owners and service providers need to be a little bit more selfish, don’t they? I don’t mean selfish in the sense that they should embody corporate greed, but selfish with their time. Many businesses and dedicated professionals are devoted to servicing their clients, and that is fine, but sometimes, that leaves a business behind in their own affairs. Are you guilty of that? It’s not that you don’t value your own time, but you only value it when others do.

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Are You A Self-Saboteur?
business

Are You A Self-Saboteur?

Are you addicted to building a business or are you just afraid of success? The latter sounds silly because who doesn’t want to be successful, right? Success is power. It’s the attainment of our most coveted achievements. But you’d be surprised by how many people are unaware of their own condition. It all starts with understanding what self-sabotage looks like. First, how do you hold yourself accountable? Responsibility is the hallmark of maturity.

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Client Communication Made Easy
business

Client Communication Made Easy

There comes a time in every freelancer’s career when clients become difficult to work with. It doesn’t matter if you are new to work or if you’ve been around the block, dealing with complex client relationships is dreaded. There is so much anxiety and tension that surround this client that the work becomes overshadowed by the stress. What might start out as a simple project eventually becomes another level of hell.

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Building A Team
business

Building A Team

It is the responsibility of a strong leader to push team members to be their best. Building a team starts with curating the right minds. This includes the selection and development of these individuals to perform well on their own and a group. It’s obvious that a well-connected group will outshine and outperform a disconnected one. Being able to command a team is a trait that comes with experience and maturity, but it begins with understanding what teamwork is all about.

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Diversifying Your Business
business

Diversifying Your Business

The general population never truly has financial security when they depend on one source of income. Economic shakeups and unforeseen events can cause hardships when external factors cause a source to be less substantial. Still, it doesn’t matter if you are supplementing your 9 to five with a side hustle, or your businesses have multiple streams; keeping your options open is a good thing. The problem many individuals and small businesses face is the technical knowledge and personnel to make this happen.

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Small Businesses Can Make A Big Impact
business

Small Businesses Can Make A Big Impact

Mass-produced products are great for large companies and their many consumers, but for those who want something that is a little more unique, indie companies and smaller brands can give unique offerings. Large companies cater to the masses, which is fantastic, but smaller brands can meet the demands of niche audiences. Almost no niche is too small to be satisfied. When smaller companies launch products or services, it is usually because they have a personal connection with them.

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Money Is An Issue
business

Money Is An Issue

Product and service pricing is something providers feel bogged down by, especially when a business is new. There is an expectation that low prices will always outshine high price tags or that higher prices give the illusion of value. It’s confusing as to how you should gauge your audience to know what is suitable for them. There are some who believe that money isn’t an issue because if something is for sale, someone out there is willing to buy it.

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A Clear Purpose
Business

A Clear Purpose

You may think that you don’t have a choice, but everyone has a choice and you can choose to move on with your life without these persons. As long as someone isn’t adding any valuable contribution to your life and goals, then chances are they’re a dead weight that you don’t need to carry. You need to figure out which things in life get you excited. What is it that makes you want to jump out of bed early in the morning because you can’t wait to get started?

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A Good Plan
business

A Good Plan

Starting new things is difficult. Whether it is a business, a project or a morning routine, it can take a lot out of you. Getting prepared can sometimes feel like a lot of work, especially when you are not in the mood. It just takes the joy out of the day, which is why mornings can be stressful for some people. It’s important to understand why you need a good plan before you tackle anything.

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Enough Is Never Enough
business

Enough Is Never Enough

Budgeting like a startup won’t always work for growing businesses. It’s inevitable that business will require new resources and that comes with expenses. When new businesses start receiving consistent revenue, it’s all too easy to get caught spending profits on a bloated list of expenses. Similarly, after being starved for some time, it feels reasonable to engorge on anything edible. Unnecessary expenditure is one thing that can kill a developing business.

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Securing Yourself
business

Securing Yourself

Starting a Business may not be appropriate for everyone, and it’s not an easy starting point. You need to consider all factors seen and unseen to determine the payback period cycle for your business. Determine if it’s a service or goods type of industry that you want to tap into. That way you can average the cost of your overheads and employees’ wages against when you turn a profit. On paper, things may seem enticing but the real world caters to unforeseen determinants.

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Am I Too Professional?
business

Am I Too Professional?

When you walk into a room do you intimidate others or do you welcome them? Intimidation doesn’t always come from being rude, it can come from the subtle things that you do. When you strike up a conversation, does it somehow turn into a summary of your curriculum vitae or does it flow naturally? You can speak about your accomplishments without being a show-off. Are you just too professional? Is that even possible

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Separating Yourself From Your Business
business

Separating Yourself From Your Business

You are not your business. As much an as personal branding is prominent, there must some degree of separation between you and your professional life. On your professional platform, at your workstation or any place where you will be seen as a representative of your business, you need to reflect the views and values of your company. The problem with being too involved as the face of your business is that your public persona will always be under scrutiny.

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Working With Clients
business

Working With Clients

Dealing with clients face-to-face or even on a call can make some feel uncomfortable. Not everyone is a people person and some clients can be difficult to work with. A passive disposition can work against you if you try too hard to please the other end, but being too firm can come across as being abrasive. However you look at it, dealing with clients van be a confusing process. So much of your time is taken up by determining how you want to be perceived and how your message could possibly be interpreted.

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Setting Business Goals
business

Setting Business Goals

It’s that time of the year again. Everyone is setting resolutions that they have no intention of actually following through. Are you just another person who says they want to change, but doesn’t take action? Let’s hope not. If you want to start the new year properly, then end this one with the right mindset. That will give you a great head start. Starting off the year with goals is important because it puts your path into focus.

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Financial Transitioning
business

Financial Transitioning

Our lives are run by money. It is true that money makes the world go ‘round as you can’t do much without it. When you have too little, you find yourself stagnated, but when you have too much — can you really have too much? That kind of thinking leaves us vulnerable when we find ourselves in a financial setback. This is more common than some think, especially for business owners.

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Mind Your Business
business

Mind Your Business

How often have we heard the term, “mind your business” whilst growing up? It seems to be one of the many favorite lines that my elders used to keep me in check. What if this statement could prove to be very useful, valuable and productive if applied to our kaleidoscopic lifestyles? With every passing day, we as humans feel bombarded and overwhelmed by the number of tasks and responsibilities heaped onto our shoulders.

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Business & Ethics
business

Business & Ethics

Every company has the moral and ethical obligation to act fairly towards its customers, employees, investors, and competitors. Corporations, large or small, should not be naïve to the dangers of upsetting the business ecosystem. No business or individual can conduct their affairs in a world where rough justice can be served in an instant on social media. The modern consumer is more conscious than ever before. Concerns about the environment, employees, and all are in the eyes of the customer, a priority for the company.

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True Success
business

True Success

A typical entrepreneur is someone that will often come up with an idea to start a business, see it through and play an important role in the day to day functioning of that company. A serial entrepreneur will be the one to come up with the idea to start a business, get things started, but then give responsibility to someone else and move on to a new business idea and a new venture.

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Your Art Is A Product
creativity

Your Art Is A Product

Every artist, designer, poet and author is an entrepreneur the moment they start to sell their work. The problem is that most of them don’t know it. In some more perilous situations, they don’t know what to do about it. Most artists think of their work as art, which is fine (and technically correct), but it is also a product. Products are meant to be sold. Proper sales and marketing strategies are key to selling products.

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Trending - Entrepreneurship
business

Trending - Entrepreneurship

People have been forced to get creative with themselves for survival because of increased rates of lay-offs across the world and job security being a thing of the past. When the economy is said to be going through a recession and people are backed up against a wall with families to provide for, people tend to get innovative, especially when the markets for job interviews are high and few. In this era, we discover a lot of self-made entrepreneurs who will testify to not finishing college or even high school, yet still, they are able to run multi-million-dollar companies.

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Financial Literacy Is Your Greatest Weapon
business

Financial Literacy Is Your Greatest Weapon

What is the greatest thing since sliced bread? Financial literacy. It is not a savvy answer. It might confuse most. Not that before sliced bread, which was invented in 1928, people were financially inept. Since then, tools and the manner in which we manipulate our finances have changed and evolved. Finances, to some, seem like a dirty word, another dreaded f-word, one that makes you shudder. It is simply a chore, something no one enjoys doing, even though it is incredibly important.

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