Categoría: Business Development

How to kick-start your work week

shutterstock_116821123 We all know that success in life depends on a combination of hard work and talent. There’s also no denying the «luck» factor – being in the right place at the right time and meeting the right people. That said, there isn’t a «secret» to that kind of luck. It’s about doing things that put you in a position for that luck to happen.

We found ten things that successful people do at the start of their work weeks. Try them out, and you might find yourself having better luck as well.

James Reinhart, ThredUp.com – Use weekends effectively

You can’t have a great Monday morning if you had a lousy weekend. Work is obviously important if you want to be successful, but there’s always something that can wait until Monday. Weekends are a time for yourself, to unwind, to relax and to think. In fact, many people do their best thinking during leisure time, because you’re free from other work distractions and can think abstractly.

Mental strength is key to success

For all the time executives spend concerned about physical strength and health, when it comes down to it, mental strength can mean even more. Particularly for entrepreneurs, numerous articles talk about critical characteristics of mental strength—tenacity, “grit,” optimism, and an unfailing ability.

However, we can also define mental strength by identifying the things mentally strong individuals don’t do.

How To Become A Successful Entrepreneur

Is there a guaranteed formula to follow (as the headline suggests?)

Of course not. A quick look at the people who have become successful entrepreneurs shows the paths they took are as unique as they are.

But—and it’s a HUGE but—while their behaviour was idiosyncratic, their thinking was not.

A study shows that serial entrepreneurs—people who have successfully started two or more companies—all followed the same approach. And if it has worked for them, it may very well work for you.

Starting from scratch Vs Buying a business

Deciding whether to buy an existing business or start your own comes down to three things: what experience you have, what kind of business you want, and how open you are to taking financial risks.

Once you decide these things you can make a decision on how to proceed.

• How much experience do you have?

There is much more risk involved with starting your own business versus buying your own. 40 percent of new businesses fail in the first year and 80 percent fail within five years. If you have little experience with business or with the industry that you are planning on entering, buying an existing business is the safer route, as starting your own requires expertise in the areas of financing, infrastructure, and cash flow. Even if you are buying a business, it will take time to learn how it operates and where its weaknesses lie in order to craft a proper growth strategy.

Success comes in many forms in Business

Success means different things to different people whether we are talking about business or private life. In Business, the obvious assumption is that a successful entrepreneur is someone who is financially secure. What they earn, what they own, what they spend can give the impression of success. More, more, more is what we all ultimately strive for in terms of success – or is it?

Stop and reflect on your own life. Think about what success means to you. Don’t limit yourself by focusing on the big things. They are important but they also seem to demand way too much of our attention.

Take a moment to focus on all the little successes you have had – either in the past or today. These are the everyday things that make life worth living. To be able to make choices. To be able to motivate and inspire others. To share life (both the joys and the sorrows) with others. To feel and to show feeling. To love and to be loved. To make the most of every situation no matter the circumstances.

Why investing abroad can be a good idea

Investment The trend toward investing abroad has been gaining popularity since the 1990s. Companies choose to invest in foreign markets for a number of reasons:

Market seeking

Firms may go overseas to find new buyers for their goods and services. The top executives or owners of a company may realise that their product is unique or superior to the competition in foreign markets and seek to take advantage of this opportunity.