In a world where full time jobs are less and less common and contract work is becoming the norm, Entrepreneurialism is becoming a much more common and desirable venture. While we’d all like to think we have the next billion dollar idea, there is a lot more that goes in to becoming a successful entrepreneur than just a dream. There are a few essential characteristics one must possess in order to be a truly successful entrepreneur.
In order to attempt any business venture, let alone one that involves a significant amount of risk, financial investment and commitment, you must be a confident person. You must be confident in yourself and your ability to succeed before even thinking of taking on such an endeavor. Once you have mastered your own self-confidence, parlay this into confidence in the product or service you are offering. Make sure you have complete faith in your company and its potential for success. If you take your time and do the proper research to that point that you feel 100% confident backing up all of your claims, you will be ready to take your first leap toward success. If you are truly confident, you will project this to your customers, which will naturally increase their confidence in your credibility. While risk taking is inevitable, it is also important to remain somewhat conservative and level headed in your investments. Basically- don’t bite off more than you can chew, no matter how sure you are of your product. If this is not your strong suit, be sure to have an expert on your team advising you in this department.
Creativity & Resourcefulness
Part of being confident is being willing to break traditional conventions and defy existing “rules” or normality's. Entrepreneurs are innovators, so you have to be willing and able to think outside the box. Having a strong vision is the most important first step in starting your business. It’s about seeing an opportunity where others haven’t, and figuring out how to put together the resources to make it happen. Not everyone has a creative mind, so many feel that by just thinking up a great idea they are ahead of the game. However, it’s what you do with this idea, and how you execute your plan that defines you as an entrepreneur. You need to be the type of person that is willing to put in the work and do the research to figure out the best route to take to achieve your goals, not just take a stab in the dark. No one has all the knowledge from the get go. It is important, though, to know how to find it. Don’t be afraid to seek out resources who will fill those knowledge gaps and better your chance of success.
Passion and Persistence
If you aren’t passionate about your product, you might as well forget it now. Sure, money can be a great motivator, but if you don’t see immediate financial reward you’ll be likely to give up early. However, endeavors driven by a deep passion within are often those that persevere. Unfortunately, it’s more often than not a long road to success for entrepreneurs, filled with failure and constant trial and error. As such, resilience is one of the most crucial characteristics for an entrepreneur. You must have a thick skin and a sense of determination, and be willing to dust yourself off and try again… and again if necessary. It is this passion and confidence in your vision that will get your through the lulls and bumps along the road that can get disheartening. If you believe wholeheartedly in your passion and are 100% mentally committed, you will be more likely to dig deeper to find a solution to any problems that arise.
Open-Mindedness and Adaptability
The state of the world and the marketplace today is in flux. Just as you get comfortable with a new software, program or process, it advances. Any successful business recognizes the importance of staying ahead of the curve, and makes it a priority to keep pace with a rapidly changing environment. This also entails being able to identify times when internal changes are necessary. Being open-minded is essential in order for these changes to occur. It is important not to let your business become too personal to you. A business owner must be flexible and progressive for the betterment of the brand. This means being open to constructive criticism, and making necessary adaptations based on market demands or changing tastes. While it’s important to stay true to your vision, the finished product often looks entirely different than the starting idea. Be open to these modifications, and see them not as a personal attack on your beloved concept but a form of evolution. This should transfer to your staff as well. While you are the brains behind the operation, it is important to surround yourself with talented people so that your business is strong in every department. Value your team and their opinions, and be open to new ideas from all angles. This open-mindedness is what makes a true innovator.
Above all, the successful entrepreneur is self-driven and motivated. They are the people that get up early every morning and start their day, no matter what’s on tap. You have to make your passion a priority every day, not just when it’s convenient, and be willing to work overtime to make sure you achieve success. There will always be obstacles and distractions, but it’s the people that don’t let these things throw them off track that have what it takes to be a successful business owner. Entrepreneurs have a natural drive and ambition, a killer work ethic, and a natural sense of urgency that comes from within.
It’s so common when travelling to let all of your usual inhibitions and good habits go, and let the “vacation” mentality take over. If you’re someone who travels quite frequently, for work or otherwise, this “vacation mentality” can easily turn into your everyday regime if you’re not careful! There are ways to avoid this, it just takes a little mindfulness, and some preparation.
Just because you’re outside of your regular routine doesn’t mean you have an excuse to go for the junkiest item on the menu. It’s important to give yourself a little kick every time you are inclined to indulge, whether it’s at the airport or that fancy patisserie in the base of your hotel. Ask yourself before every meal- would I order this at home? If the answer is yes, then go for it. The goal isn’t to restrict yourself, only maintain your regular diet and habits to avoid weight fluctuations or falling under the weather due to a drastic change in your dietary régime.
Hydration is key always, but especially while travelling. Being on an airplane or stressfully racing through a busy airport is a draining and dehydrating experience. Being in a new city will also likely involve a lot of walking and a jam packed day of activities, and let’s face it hydration is often an afterthought. It’s important to compensate for all this extra movement with lots of water. Staying hydrated will keep you alert, looking fresh, and has also been proven to curb an appetite. Half the time we feel like snacking we are actually confusing our body’s response to dehydration with hunger!
Pack your Vitamins!
There’s no easier way to catch a cold or flu than to sit on a crowded airplane full of people from all walks of life, sharing re-circulated air for an entire flight. Yuck, I know. Kind of unavoidable though. The only answer is to equip yourself as much as possible by taking immune boosting vitamins and supplements before (and after) your flight. Echinacea is a wonderful herbal supplement that can be hugely helpful in preventing sickness. Vitamin C is an obvious second. Also, don’t neglect any other supplements you take on a regular basis. Make sure to pack them all for your trip! It may seem like extra weight, but especially if you are travelling frequently, falling off your vitamin schedule will only make your chances of crashing that much greater. It’s important to keep our bodies on a regular routine with vitamins, maintaining their levels on a daily basis for optimum health and performance. Travelling usually means foreign germs and less sleep, so vitamins are a huge saving grace in helping your body keep up.
Book a Hotel with a Gym.
As with your eating habits, it’s equally important to keep up your fitness regimen as much as possible while on the road. It’s all about maintenance. If you’re on a trip for pleasure, and doing a ton and walking and shopping, this will naturally compensate for the half hour or so you spend on the treadmill at home. However, if you’re spending your week with your butt in a chair at a conference, make sure to book a hotel with an accessible gym. This way there will be no excuse not to take a short half hour out of your morning, head down the elevator and sneak a quick sweat in.
Pack Healthy Snacks.
Before you head out to your hectic day in an exciting new city, wherever it may lead you, make sure to toss a healthy snack into your purse. Bring a pack of individually packaged almonds, or some protein filled granola bars. Having these handy will make the “don’t indulge” factor a whole lot easier. It’s a lot harder to say no to the baked ziti when you “didn’t have time” to eat all day. Keep your blood sugar levels stable by snacking regularly, and you’ll find it a lot easier to make healthy choices when you finally see a real meal.
Do you have any more tricks for keeping up your health routine on the road? We’d love to hear your input!
Routine and Consistency- the Secret behind Health & Wealth August 24 2015
We have all felt the positive effects of a good week of routine- that feeling of accomplishment. Yet, we seem to fall off of it so easily. Somehow when a task or goal is put down on paper or into your calendar it becomes much more of a priority, whether you’re super task oriented or not. No one likes to feel that they’re neglecting their responsibilities, so if they’re written down in front of us we’re more likely to get them done. After a while, this routine starts to feel like second nature to us. Basically, by creating a daily routine for ourselves, we naturally become more motivated and task driven, and we’re more likely not to be swayed by tempting distractions if we’re dedicated to a routine. Creating a daily schedule for yourself can help improve your productivity in every area of your life.
Incorporating fitness into your daily routine is key, even if you’re not a huge workout buff. Maintaining a decent level of physical activity on a daily basis is essential not only for our long term health, but for our mental well-being and stimulation as well. Sitting behind a desk and being inactive all day can start to take its toll. Those who make time in their day for physical exercise tend to be more energetic, positive and productive. Make sure to jot this one down in your schedule. It doesn’t matter when or what you do, just make sure to be active at least once a day!
Routine forces you to manage your time as it takes planning. To create a routine, we are forced to sit down, consider our tasks the following day/week, and how we can fit these in with our other personal daily functions (such as the gym, meals, social and family events, etc.) After a while, you will have expert time management skills, and will benefit from this in other areas such as your work life or planning out your kids millions of sports practices and school events!
Eating & Sleeping
This area is so underrated. People totally underestimate the value of a good night’s sleep and a regular meal schedule. Sleep (or lack thereof) is directly linked to our mental function and our general productivity. Without a routine, we tend to let our bedtime creep later and later until we find ourselves trying to function on 4 or 5 hours sleep for an entire day at the office. Not only will you feel like crap, your work will suffer. Just get those 7 to 8 hours! Set a bed time and stick to it. That simple.
In terms of eating, so many people wait until they are starving before eating a meal. This is a huge mistake. You should constantly be grazing on small snacks to keep your blood sugar levels stable and your mind alert. There’s a reason they call it brain food! Setting a meal time for breakfast, lunch and dinner, as well as snack times can be helpful in staying regular. If you want to go the extra mile, plan out what you’ll eat for each meal, too! (This will also help you stick to healthier options and resist temptation.)
Routine for Kids
This is probably the most important area to stress. Creating a consistency for children, particularly around meal and bed times, is essential for their mental development and overall well-being. The younger years are the biggest learning years, they are essentially little sponges soaking up all the information they come across! It is crucial that we set them up for success by providing structure, regular meals and sleep schedules so that they can focus on learning and growing into the strong young adults we want them to be. Following a routine from a young age will also help them develop a good work ethic and a healthier, more balanced lifestyle as they grow up.
Take the time to create a daily schedule for yourself. Write it down each night or at the beginning of the week to start out. Before you know it, you’ll be living and breathing your routine without a second thought, and living a much fuller, healthier and more productive life!
Hiring your Kids- Yay or Nay? August 06 2015
It's the age old question- should we hire our kids, or let them go it alone? Many parents are divided on this subject. On the one hand, in this economy, giving your kids a chance to gain valuable work experience from a young age can give them a real advantage. So many young adults fresh out of university without the connections or network needed to land a solid job are struggling to get even the most basic entry level positions. Sadly, this is now the nature of the work force. Often if you know someone, you'll get the job, even over another candidate with superior credentials. It may seem wrong, but it's a fact. With this in mind, my take on the subject would be yes, hire your kids. However, there is a fine line between helping them gain experience and get their foot in the door, and making things too easy for them. It's important to make the experience as authentic as possible, and beyond getting them the job, leaving them to their own devices. There are a few steps that should be taken should you decide to bring on your child as an employee, where possible.
Start Practising at a Young Age
It's crucial to help a child develop a healthy work ethic from a young age. By creating a chore system in which they do work for a monetary reward, (allowance) you can begin to establish a business relationship, and also get a lot more done around the house!
Start Them at the Bottom
There's no quicker way to give your kid an ego and unrealistic perspective than to hand them an intermediate or senior role that they haven't earned. (Not to mention a quick way to earn them the resentment and disrespect of their hard working coworkers.) Start your child at the most entry level position and let them work their way up through performance.
Have Them Work Under Someone Else
Allowing your children to work under someone else offers a more authentic experience. They will be more likely to try harder and thus be more productive. Your kids may respect you, but they know you are and will always be their parent. This doesn't set a good foundation for a employer/employee relationship. Once they are in the door, it is best to have as little involvement in their role as possible. It may end up that through good performance they work their way up to that level, but at that point they have earned the position. Obviously in smaller companies this may be difficult, but where possible it is best to keep your distance from the beginning.
Leave Work at the Office
Discussing business at every family dinner can get exhausting, create tension that can potentially damage relationships over time, and allow for negotiation to occur regarding your child's role or salary. It is important to stay in line with the "authentic experience" here and not allow these conversations outside of the workplace. They wouldn't be able to nag their boss about their job over dinner at most other jobs, so why should they be able to here?
Long story short, it can be beneficial for your kids to get their foot in the door in an otherwise tough workforce. If you're in a position to hire them yourself, go for it. The foot in the door, however, is the only assistance they should get. Let them take it from there! There is nothing more valuable than a good work ethic and healthy perspective on life, based on earning your achievements.