Tag Archives: entrepreneurs

5 Tips To Overcome Procrastination

Many of us instinctively find ways to avoid the boring, frustrating, and stressful tasks we are accosted with every day. According to Piers Steel, author of The Procrastination Equation [*1], 95% of us have openly admitted to procrastinating at some point. With those sorts of numbers, you can only wonder about the integrity of the remaining 5 percent, who most likely haven’t been entirely honest with their answers.

If you examine the consequences of procrastination, the logic for putting off important tasks flies out the window. It just doesn’t make sense to disappoint bosses or clients by missing deadlines, failing a critical grade paper, or getting the power cut off because of late bill payments.

There are many documented reasons for procrastination. Anxiety and self-confidence feature heavily in many discussions, with fear of failure leading to avoidance issues and procrastinators often gravitating towards more stress-relieving activities.

Avoiding unpleasant and boring tasks is another popular reason that always leads to the inevitable Christmas rush, or late nights cramming for an exam. Now that you have a good idea about why humans spend so much time procrastinating here are a few tips on how to overcome this debilitating human condition.

1. Think Differently

Instead of thinking about how boring a task is, turn it into a challenge. If you’re dreading writing that sales report for your boss, create a more interesting challenge for yourself. See how many words you can churn out in a 15-minute increment. In the next 15-minute block, try to beat your previous record.

2. Break it Down

If you’ve got an important test coming up but dread the inevitable long hours of study, ask yourself what’s the maximum amount of time you think you could spend continuously hitting the books. You’ll resist starting if you think about how boring 3 hours of study is gong to be, but what about 30 minutes? Find the period of time you are most amenable to dedicating towards the task, and then do it.

3. Start

If you’ve been staring at a blank document for over an hour get a word down, any word. The page won’t be blank anymore, and the creative juices will start to flow.

4. Total up the Costs

If you’re afraid to get started, you should spend five minutes tallying up the cost of what it will cost you not to do what’s required. If it means annoying your boss, failing an exam, or never retiring because you failed to start on your savings program, then you may just scare yourself enough into getting started.

5. Turn off the Distractions

If you’re faced with yet another tedious spreadsheet analysis and find your attention wavering between Facebook, YouTube, and texting your friends then turn off the phone, or put it in another room.

If the allure of the web is your Kryptonite, then turn off the WiFi. If that’s not enough, use an app like Freedom [*2] to block all forms of access to social media. Freedom works on almost everything, from smartphones to PCs, so your technology no longer has the ability to distract you from what’s important.

About the Book
https://freedom.to/

Improving The Way You Invest Before Thanksgiving!

Holidays are traditionally a busy period, but they can also present opportunities for the savvy entrepreneur to realize bigger returns. Timing is everything, however, as investors will need to get in as low on the upswing as possible to enjoy the best gains. Here, you can learn some important information for the modern American entrepreneur to save and invest money in a short period of time.

Two of the strongest days for the equity markets are the day before and the day after Thanksgiving. Since 1950, the S&P index has experienced an uptick 68.18 percent of the time, with the average gain holding at 0.71 percent.

E-commerce sales are growing steadily, and are taking a bigger bite out of bricks and mortar shopping year after year. In 2015 online sales accounted for 34 percent of holiday shopping, in 2016 the numbers were at 36 percent. Investors looking for easy gains can certainly take advantage of the shopping frenzy phenomenon occurring every year around the Thanksgiving holiday.

Thanksgiving is important to many industries, such as transport, and the food industries, but traditionally it holds little sway over the stock market results in general. It’s the day after, Black Friday, which holds the most clout. Analysts keep a close eye on the retail spending activity that occurs on this day, as it can determine the financial fate of retailers, big and small.

For many retailers, Black Friday can make or break their year, as many depend on the volume of sales on this day to push their ledgers into the black.

It’s also a special day for investors, as Black Friday always shows lots of promise for improving returns. Hold on to your retail merchandiser stocks for now, but be prepared to move on Black Friday to realize some juicy profits.

Also, hold on to U.S. Equities and equity exchange-traded funds as probability indicates that prices will nudge higher just before, and just after the Thanksgiving holiday.

Transportation also sees a huge upswing in business, as the US enters the gift-giving season and packages start to criss-cross the country by the millions. FedEx, and United Parcel Service are well worth a look for getting in before the rush.

The gloom and doom of 2008 hit the leisure industry particularly hard, but improvements have been seen since then. People have become more willing to open up their wallets to pay for a few of life’s little luxuries, and are willing to travel to do it.

Holidays have always been the travel industries most active months and the cruise industry, in general, is starting to see some upward momentum.

It may feel like the holiday season is some way off, but time has a bad habit of passing by unnoticed and the holidays will be upon us before we know it. Now is the time to start preparing your portfolio, so you are in a good position to take advantage of any upward movements.

6 Deadly Sins For Entrepreneurs

The word “entrepreneur” conjures up different images for different people; bold, clever, gutsy, reckless. To the entrepreneurial spirit, a life spent in the 9 to 5 may as well be a life spent in shackles.

Entrepreneurs want, need to experience all the highs that life has to offer, and aren’t afraid to plow their way through the down times to get to them. Tell the entrepreneur that 9 out of 10 businesses fail, and they will get to work building ten businesses – just to revel in that one success; to them, a failure is nothing more than a learning experience.

Building a successful business is about taking a chance. The trick is to know the difference between taking a chance and pure recklessness. The same gutsy attitude that carries many entrepreneurs to the top can also bring them crashing down if enthusiasm isn’t tempered with a little wisdom along the way.

Many of life’s harder lessons can be avoided if you take the time to learn from the failure of others. Get your idea off to a flying start by staying away from these six deadly sins many fledgeling entrepreneurs make before they learn to fly.

1. Have a Great Product Without a Market Strategy

Just because you have an idea for a great product does not mean customers are going to be knocking down your doors to get to it. They need to hear about it first. From the very first germ of an idea, start work on fine-tuning the details of your marketing and distribution strategy. Only when you have all the pieces in place should you launch your business.

2. Trusting in Yourself Too Much

Sure, self-confidence can carry you a long way, but no one person can take care of all the necessary details of the modern small business. Know your weak spots, and then take steps to shore them up by surrounding yourself with those who specialize in those areas.

3. Don’t Lose Focus

One bright idea often leads to another before the first even gets off the ground. While the enthusiasm is running high, you feel invincible and think you can keep everything up in the air. Most end up losing focus, however, and everything soon comes crashing down.

Give 100% attention to your current objective. Taking on more will only extend you to a breaking point, and something will eventually have to give.

4. Moderate Your Passion

Passion is the driving force behind many businesses, but lots of success happens outside the realms of our passion.The point we’re trying to make is there is no sense in blindly pursuing your passion when you could be seeing more success in some other rapidly growing trend or industry.

5. Stay Professional

Many new entrepreneurs want to be friends with everybody, it’s only natural, they’re still human after all. So, they make the mistake of forming bonds with employees and clients and start hanging out at clubs, and bars, and popping over for a barbecue. This behavior is an excellent way to make new friends, but it can also rapidly bring your business to a grinding halt.

Keep it professional, and be the business person they can look up to, rather than just another buddy with which to hang out.

6. Don’t Avoid Confrontation

Confrontations are unpleasant, but sometimes they are a necessary component to getting things done. If you don’t deal with awkward situations today, they could come back to destroy your business tomorrow.

5 STEPS TO INCREASING JOB SATISFACTION

Increasing job satisfaction and employee engagement[/caption]Increasing job satisfaction and employee engagement in today’s fast-paced job market is a challenge. Employee satisfaction is crucial for motivation, productivity and low turnover. Employers are challenged to find new ways of increasing job satisfaction while keeping their business competitive; all the while balancing productivity with an engaged and happy workforce. Low job satisfaction puts employers at risk of losing their best talent. Managers that prioritize each employees upside and works closely with them to tend their specific needs see increased productivity. This helps employees realize their potential resulting in a much higher job satisfaction. Below we have highlighted some proven techniques that will help any sized business.

STEPS TO INCREASING JOB SATISFACTION
A successful work environment is one that motivates its team and provides workers a sense of pride. Managers can build a healthy work environment that is more productive by following this five-step process.

STEP 1: PROVIDE A POSITIVE WORKSPACE
Creating the highest job satisfaction begins by providing a positive workspace. The best ways to create a positive workspace is by offering services such as group benefits, childcare programs, employee discount programs, automatic check deposits, casual clothes Friday, and weekend activities. Taking care of employees will ensure to keep them motivated, focused and loyal.

STEP 2: RECOGNITION AND REWARD
Personal recognition may be the most powerful tool in motivating a workforce. A “Congratulations!” on a job well-done from a supervisor can do wonders. Small and simple celebrations are much more effective than only offering a once a year event. The important thing is to make the workforce feel special and reinforcing how much they matter to the overall success of the business.

STEP 3: INCREASE WORKFORCE ENGAGEMENT
Your employees are showing up to work every day, but the real question is, are they truly engaged? It has been proven that employees are involved when there is a way for them to contribute ideas or suggestions. Giving them a sense of ownership and pride in their work will increase the workload they can handle and their overall attitude about it. Exchanging ideas within different departments is crucial to keep everyone connected, making processes and flows more efficient. Studies also show that engaged employees have less sick days and volunteer extra hours during the week to finish important tasks.

STEP 4: DEVELOP WORKER’S SKILLS
Education, as well as training, motivates workers thus making them a more productive and innovative version of themselves. Learning must never stop; encouraging employees to participate in workshops or offering them classes is a useful tool to improve productivity. Periodic evaluations are a good way to understand the needs of each employee. Once tested, each worker should be given the results alongside a list of resources and lessons that will help improve in lacking areas. THIS EMPOWERS THEM. Intensive training and development program will result in motivating the workforce and creating a lower turnover. A well-trained employee will be more capable and more in control of their jobs, resulting in less supervision and micromanagement. Empowered employees complain less and are more motivated. This leads to stronger employer-employee relationships.

STEP 5: EVALUATE JOB SATISFACTION
Evaluation should be a non-stop process. The primary goal of evaluating should be to measure progress while determining the areas in need of improvement. Reviewing employees moral, attitudes, and motivation quickly identifies problem areas and enables the organization to implement plans to correct them. Evaluating the workforce and taking the necessary steps to ensure progress gives companies a significant competitive advantage. Becoming truly successful in the business world can only come from motivating people to work together and contributing what they can toward the goals of the enterprise.