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Entrepreneur tips

Fidji Simo is a prime example of someone who has catapulted up her particular career ladder. Today, she’s VP of Product for all of Facebook’s video, news and advertising efforts — managing an organization of 400 PMs. When she joined the company six years ago, she was a product marketing manager. What accounts for her swift rise? Her employees will tell you it’s her uncanny ability to focus. A key piece of this is proactively scheduled alone-time to create clarity and intentionality in her work. Simo blocks off between 30 and 60 minutes on her calendar every Monday morning to ensure that her actions are aligned with and supporting her intentions. Focus is really about aligning with your purpose – whether it be your purpose on a specific project or your higher purpose in life. When actions reflect intentions, you’re in alignment with your personal mission. Only then can you truly shine.

Mostly the budding entrepreneurs do two mistakes at the start: Most budding entrepreneurs do not have a funded business and also haven’t raised a venture capital. In terms of the money they have only six months and between that, they have to achieve their goal. While they are dreaming of every possible aspect which can assist them in order to attain the goal. Soon the realization hits them and they run out of cash. Secondly, there are a few who are well funded and they don’t make the necessary efforts to generate the revenue. They are so used to the ideas that losing a huge amount in burn rate is completely fine because they have a funded company. Such people focus more on raising their next round instead of actually making the profitable business. Extra information can be read at Online business research.

Don’t forget you’re the leader! So behave as such. Remember all the things that did not suit the boss from the previous job and do not do it! Be an example, a role model for others and make yourself enjoyable. Although sometimes you will have to make decisions that will not please everyone or maybe even employees will disappoint you, opt for a professional attitude and not a severe one. Talk to them calmly and patiently and explain to them what the problems are and what solutions you have. It builds, therefore, a very good relationship with all the staff, to be appreciated and rewarded as such, on a personal level. Once you make the decision to open your own business you will need to invest a great deal of time and energy in its development, so it is very important that you enjoy what you do and find satisfaction in the activity you carry out.

Starting a business is exponentially harder than another other job. Successful entrepreneurs need to operate well across a variety of functions: sales, marketing, finance, operations, HR, etc. On top of that, creating an enterprise from scratch requires creativity, persistence and continuous learning. – Justin Kulla, BusinessBlocks Source: https://theentrepreneurresearch.com/.