Not long ago, I was about thisclose to having to file bankruptcy. Yeah, I know. I was pretty depressed about it, but it can happen to anyone, especially if you don’t have a healthy relationship with money at the outset. However, I was fortunate enough to begin to apply the lessons I’d learned from studying business in college in order to not only improve my financial literacy but to also pay off a little more than $250,000 in debt. I’m sharing my experience with you in hopes that you can avoid the pitfalls that almost ruined my life.
OK, so here we are, a week deep into 2019….and at least half of the people I know have already bailed on their New Year’s resolutions. Big surprise, right? Actually, this is par for the course for most people. The reality is that the whole idea of making New Year’s resolutions more or less guarantees you’ll fail.
Last week, we talked about the importance of networking and some of the more common networking styles people use. Here, I just want to explain how to network effectively, with a few pointers that can help you take your career or your business to the next level.
By now, I'm sure you've heard the adage: your network determines your net worth. And if you allow me to channel my inner Robert Kiyosaki, "The richest people in the world look for and build networks. Everyone else looks for work." So, it goes without saying that if you want to build a dynamic corporate career or become a successful entrepreneur, you're going to have to work on building a strong network.
Have you ever noticed that people who are always winning have certain traits in common? Think about it. They usually are very positive. They seem to have abundant energy. And they seem to handle stress better than other people. I know what you're thinking: "That's all gravy, but how can I attain those traits so I can start winning, too?" Have no fear, the answer is near....
Look. Up in the sky. It's a bird. It's a plane. It's a....
Well, although I have been known to occasionally leap tall buildings in a single bound, I think it's time to set the record straight on a few things. For starters, when I say I'm an entrepreneur, I don't mean like Eddie Murphy's Mr. Robinson sketch on SNL. It really does mean that I have leveraged my talent and experience to exploit market inefficiencies to create legitimate business opportunities. However, it seems that there are wild misconceptions about what it means to be an entrepreneur these days, so let's clear the air.
If you're at a crossroads, take some time for self-reflection and consider the pros and cons of a move in either direction. What might be right for someone else, may not necessarily be right for you. If you're going to go DOLO (do your own thing), make sure it's the right decision for you. You only live once, so live your best life.
Entrepreneurship is a lot like sports in that way. No matter how many books you read, no matter how smart you are, no matter which school you graduated from, you will still get your butt kicked from time to time by any number of adversaries - and nobody wants to hear your excuses. What people do care about, on the other hand, is how well you bounce back after a setback. How well can you handle pressure?
Well, let me start off by saying everything isn't for everybody. As you know from my last blog post, I rock with the side hustle. As a matter of fact, I rock with all forms of entrepreneurship (it's in my DNA), so let's not make that an issue. However, while we talk about sidepreneurs and validate their hustle, we don't always address the issue of transitioning from sidepreneur to full-time entrepreneur. Here are a few tips to help you decide when it's appropriate to take your side hustle full-time.
There's no perfect way to do anything, and there is usually more than one way to skin a cat. If you're going to ease into entrepreneurship by going the side hustle route until your business gains enough traction for you to be a full-time entrepreneur, these tips should help you get the most out of your efforts.
Look, I get it. You've decided to become an entrepreneur, so you want people to recognize your swag, and nothing gives you street cred as a business owner quite like business cards that announce your presence to the world as a 'Founder' or 'CEO'. However, you can't lose sight of the fact that the most basic role of an entrepreneur is to sell. As an entrepreneur, if you can't sell, you won't be in business for very long.
Because people value their time so highly, they are willing to pay a premium for the convenience of saving time. If you want to make a big splash as an entrepreneur, you will want to develop an idea that will solve a problem by saving customers' time. Here are a few simple steps to get you going in the right direction.
From professional sporting events to neighborhood block parties, O.P.P. could be heard everywhere, and this hit changed the trajectory of Naughty by Nature's career, catapulting them to superstar status after their careers had floundered until that point. If O.P.P. worked for Naughty by Nature, it can work for any struggling entrepreneur, as well.