If you’re stuck in the brainstorming stage, the first step is to focus on two questions: ‘Why?’ and ‘Who?’ Do you constantly have great business ideas which fall to the wayside because you just don’t know how to turn those daydreams into reality? If you’re stuck in the brainstorming stage, that’s probably because you don’t know what to do next.
Whenever there’s a holiday, no matter where it falls during the year and the work week, you know one thing’s for sure: Productivity is going to drop. But what if it didn’t have to? The struggle is real. During December alone, studies show that more than two-thirds of workers report being less productive compared to other months. Employee absenteeism and distraction pose significant costs to the overall economy and your bottom line in particular. Even non-holiday events can have a high cost: The 2017 solar eclipse cost the U.S. an estimated $700 million in lost productivity. For every 14 minutes employees spend shopping online at work during CyberMonday, employers can lose $450 million in productivity/wages.
Success is not an accident. It happens for a reason, because of the things put into it. It is the result of a consistent, deliberate process.And it’s nothing new.
The game of entrepreneurship can feel like a never-ending round of Chutes and Ladders. Just when you think you’ve reached a new level, everything you worked for suddenly takes a turn, and you are faced with the daunting task of toughing it out or letting it all go.
And sometimes, even when things seem fine, those in charge walk away willingly. Here’s a big example. Instagram cofounders Kevin Systrom and Mike Krieger recently decided to separate from their cyber baby and move on to their next innovation. Though this news came as a shock to many, including those within the Instagram camp, it’s not uncommon for business people to shift gears to create something new. (Some are considering the move Systrom and Krieger’s way of separating from Facebook while the tide is still high.)
Many people believe that successful entrepreneurs are born to take risks.
Either you were an eight-year-old with a lemonade stand or you don’t have the right stuff.
I disagree. I’m not fearless and I don’t take risks.
by Aytekin Tank Founder and CEO of JotForm
What most bloggers seem to forget that running a blog is the equivalent of providing a service for your customers. Essentially, you are helping your customers to achieve something. No matter what that something is. In short, you need to be focused around the results that you are providing for your customers. You need to do everything in your power to help your customers achieve their goals.
The stories we tell ourselves
But it’s not just the company story. In business, you’re entangled in a web of stories that inadvertently affect all of your actions. In fact, you are constantly surrounded by at least four types of stories:
Traditionally, startup businesses draft a business plan for three specific reasons: to articulate their vision for the business, to document how they plan to solve key challenges, and to pitch their business idea to potential investors. But what if I told you that business plans for startup companies are usually not worth the effort? […]
Building a great product (and a great company as a result) means saying “no” a lot more than saying “yes”. Here’s some of the stuff I’ve learned we as founders need to say “no” to more often if we want to be successful:
The easier you make it for investors to understand your startup structure and operations, the more likely they will be to invest. Once a business gets up and running, it’s time to reassess where the company’s operational priorities are. It’s tempting, at that point, to let “structure” remain on the back burner, when you’re scrambling for growth. But having that singular factor in place early on is much more effective than backlogging it two years later, should you, for instance, need a clear picture of your financial history.