Tag Archives: Business Idea

Top Seven Deadly Reasons of Business Failures and How to Avoid?

A survey by CB Insights has compiled ranges of study on businesses that failed. The report found 20 top reasons, naming absence of market, lack of capital and a startup team which did not fit for the job in the top three.

Whilst the report listed 20 reasons, I decided to only focus on 7 most deadly reasons you need to pay more attention to and how to overcome it:

Continue reading Top Seven Deadly Reasons of Business Failures and How to Avoid?

Top Seven Deadly Reasons of Business Failures and How to Avoid?

A survey by CB Insights has compiled ranges of study on businesses that failed. The report found 20 top reasons, naming absence of market, lack of capital and a startup team which did not fit for the job in the top three.

Whilst the report listed 20 reasons, I decided to only focus on 7 most deadly reasons you need to pay more attention to and how to overcome it:

Continue reading Top Seven Deadly Reasons of Business Failures and How to Avoid?

How Starbucks Did It? (5 Must-Learn Best Business Lessons)

“We’re taking time to perfect our espresso. Great espresso requires practice. That’s why we are dedicating ourselves to honing our craft.”

February 2008, Starbucks made it on top news headline that it has shut down its US operations. Speculations and rumors started brewing in the media fearing for the worse.

For Howard, apart from the headache he suffered from the company’s recent losses, he knew the operation shutdown happened for right reasons. The losses and problems made him to take drastic measures for the company he built. In short, he ordered the shutdown because he cared.

Here’s the four must-learn best lessons from Starbucks’ shutdown in 2008:

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Start Doing These & You Will Never Be Lazy Again!

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You wake up in the morning, unmotivated and lazy to start hustling.
You tend to procrastinate each day on starting the day till you eventually doze off to early nap.
Don’t worry, this is normal. Today, I’m gonna share with you the things to help you to never be lazy again.

1) Work somewhere else.

  • You need to work in different environment if your cubicle (or office) is driving you crazy.
  • Go to coffee shop, co working space, or even the park to lighten the mood of your work environment.
  • In addition, a study suggests that a change in work environment helps with memory retention too.
  • If you company does not offer flexible working environments, try decorating your workspace to make the environment more livable. Make seasonal decorations too so your office outlook does not look the same all the time – boring.
  • When I first started out, I can’t stress you enough how it played an important role ensuring me to remain driven to work till late night.
  • Try change your environment day and you’ll see dramatic change in your productivity and self-motivation.

2. Create a checklist of the goals you want to accomplish

  • An accomplish time manager is the master of listing priorities and getting them done in timely manner.
  • Checking them off the list as you accomplish each one will give you the motivation that you need to keep going and finish other goals.
  • Put copies of your checklist everywhere especially on your phone, as this will allow you to see it often. I use Google Calendar often as it syncs throughout all my devices to keep me updated for daily activities. There’s plenty options out there, but I feel Google Calendar works best for me. Try a couple different platforms yourself and decide which works best for you.
  • Once you start seeing check marks accumulating, you will want to keep going. You’ll be able to have a visual image of what you have been working towards and what you’re capable of doing. This accomplishment will help build momentum and it feels good.

3. Reward yourself for your achievements, whether big or small.

  • To help you start overcoming laziness for good, give yourself something to look forward to.
  • When you are looking forward to something, it can actually stop laziness from even starting in the first place. Remember this. Keep it as your mantra too.
  • Determine goals for yourself and then set rewards accordingly. This can help you keep your reward in mind while you are doing a task, and therefore keep your motivation going.
  • For example, add in some small breaks between your short (but focused) bursts of work.
  • Start small, e.g. 15 minutes and take small breaks in between. Give time for yourself to adjust, and, then increase work time to 45 minutes before taking another small break.

4. Eat high-protein foods

  • Do you always feel tired or sluggish throughout the whole day making you feel lazy? Make adjustments to your diet.
  • Some foods increase your energy and keep your blood sugar stable.
  • Consume high-protein foods such as: Greek yogurt, almonds, eggs, tuna
  • Avoid from consuming high sugar food. These types of food will only benefit for short time, then, your energy level comes down.
  • You can consumer sugary foods to overcome tiredness, but this will obviously will impact your body to exhaustion and eventually to diabetes.

5. Listening to self-criticism.

  • While self-criticisms can be good, it can also devastate your mentality if done wrong.
  • Some people criticize themselves too much till they tend to take it too personally not enabling self to learn from it.
  • They are too focused on the failures, instead of finding a solution from that failures.
  • The idea here is to self-criticize enough till you can identify the problem so you can create solution in order to progress. Then, you move on. Don’t dwell on it too much.

6. Work in intervals

  • In the same vein, when you stare down the barrel of your 8-hour workday, it can be overwhelming.
  • Rather than think about everything you need to do today, think about the next 10 minutes only.
  • You will find that things get done much faster and without your brain even realizing you’re exerting much effort.
  • Start with an easy task.
  • People say to work on the toughest task early to get it out of the way. I disagree as starting your day to overcome a huge task tends to demoralize yourself to work for the day.
  • Instead, work on the smallest task as a warm-up to build momentum. Get the morning blues out of the way.
  • Once you’re warmed up and your mind is ‘in the zone’, work on the tough ones.
  • Remember, being an entrepreneur is like running a marathon.

7. Exercise, just a little.

  • Exercise can help you improve several aspects of your life, including your productivity and ability to stop being lazy.
  • It can also give you more energy. Having more energy means you will feel more awake at work.
  • I’m not suggesting you to train for a marathon, just give yourself a 10 minute walk. Remember, 10-minute chunks of time can help you get a lot done.
  • Another thing I like to do is to go for a short walk after lunch. This helps me to remain alert throughout the day.

The ONE Secret On How To Get First Job As Consultant/Freelancer?

Are you a struggling freelancer or consulting firm that could not get clients that pay well? You’ve done everything in the book and yet it does not yield the result you seek.

Don’t worry, I’m gonna share with you my first hand experience to get big clients signed for you.

THE ONE SECRET

To begin with: the method I’m about to share is nothing new. However, since I have not seen many who talk about it, I thought why not to share it with you.

When I first started out on my own, there weren’t much tips on how to get the first job as a freelancer/consultant other than the typical methods that you can simply pick off from business books or websites.

Initially, I started out using traditional methods, I set up my social media accounts, my website & told my friends & family about it. I even paid for advertisements on some of the online platforms. It seemed like I’ve done everything on the book.

Still, there was not much traffic, or leads for me to pursue. For the first 2 months, I struggled to find a single job that pays well.

I contemplated, became worried. But I continued.

What happened next? After giving much thought, I decided to give it another shot

I started offering my services for free. I emailed businesses and on some occasions, I went to their offices and offered my skills for free.

They were surprised and couldn’t believe it. It sounded too good to be true. But they agreed nonetheless. Why wouldn’t they?

I did it for another 3 more times. People told me I was dumb. But there’s a catch.

I had a long term plan.

Firstly, the 3 brands I worked with are well known brands in my field. By working with them, I can then start promoting myself as not only someone who have done work with 3 brands. But 3 GIANT brands.

When people see that I’ve worked with popular brands, it attracts attention.

They sensed that you must be worth the money and wouldn’t mind paying you for future jobs.

From one referral led to another. I continued getting jobs till I no longer able to work on my own.

So, that’s my secret to getting the first job as a consultant or freelancer.

Hope you find this article useful. Don’t forget to Like & Follow my website to start investing yourself. Time to Execute!

3 Easy Ways to Showcase Your Product’s Quality Online

Showcasing your product online is a crucial element of great online content. Since consumers find it difficult to visualize the product online, it becomes your priority to invest more resources on ensuring the message does not get lost.

Whilst hiring online content manager is a recommended solution, most startups simply could not afford to do so due to their ridiculous rate, giving established businesses the upper hand.

All that said, I sat down and reflected on it. Here are 3 cost-effective methods to showcase your brand’s service online:

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