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6 Maxims Successful Entrepreneurs Want You To Know

6 Maxims Successful Entrepreneurs Want You To Know

Most of us, at one point in our lives, imagine what it would be like to own our own business. To be our own boss. To make our own destiny. We’ve also most likely done a bit of research, and realized how difficult founding a company actually is.
However, it’s not impossible. Luckily, many successful entrepreneurs have shared words of wisdom which you can use as your foundation while paving a path to success.

1. Dream Big, Do More

Every good business starts with a clear vision. The initial idea may literally come to you in a dream, or in those few fleeting moments before you fall asleep. But your idea can’t just stay in your head. Estée Lauder, co-founder of Estée Lauder Companies, once said, “I didn’t get here by dreaming or thinking about it. I got here by doing it.” You could have an incredibly innovative idea that could change the course of human history, but if you fail to take action, it doesn’t mean anything.

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2. Put Yourself Out There

Once you have a dream and a plan to make that dream come true, you have to step outside of your comfort zone to make it happen. Author Nora Roberts explains, “If you don’t go after what you want, you’ll never have it. If you don’t ask, the answer is always no. If you don’t step forward, you’re always in the same place.” You’re bound to hear “no” as you work towards achieving your entrepreneurial goals, but hearing “no” is much better than hearing nothing at all. Don’t be afraid to fail; instead, be wary of being so afraid of failure that you never take the first step toward success.

3. Be True to Yourself

You shouldn’t found a business on ideas, products, or approaches that aren’t true to who you are as a person. World-famous chef Rachael Ray believes that you should “decide what it is that you are and then stay true to that thing. My brand is based very much on how I live my day-to-day life.” Whatever idea has recently popped into your head got there because it’s meaningful to you in some way. Don’t start out on some venture because you think other people will enjoy your product; do it because you have faith in your own idea.

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4. Be Passionate

You’ll never be successful if your heart’s not invested in what you’re doing. Founder of Mary Kay Cosmetics, Mary Kay Ash once said, “My goal is to live my life in such a way that when I die, someone can say, ‘she cared”” Ash didn’t just have a vision; she had a goal, and she worked daily to achieve that goal. If you’re passionate and put your all into everything you set out to do, even when you fail you’ll know you did the best you could have done. If you fail simply because you didn’t try your best, you’ve not only failed at your venture, but you’ve failed to make full use of the passion that started it all.

5. Embrace the Lifestyle

Running a successful business is hard work, and is definitely not for the faint of heart. If your idea of making a living is working 9-5, Monday to Friday only, you’ll never succeed as an entrepreneur. Niklas Zennström, co-founder of Skype, says, “If you want to be an entrepreneur, it’s not a job, it’s a lifestyle. It defines you. Forget about vacations, about going home at 6 pm. Last thing at night you’ll send emails, first thing in the morning you’ll read emails, and you’ll wake up in the middle of the night. But it’s hugely rewarding, as you’re fulfilling something for yourself.” Some people are just born with the drive to keep moving, no matter how physically and mentally exhausted they are. Know that if you want to start your own business, you’re going to have to be ready to ‘switch on’ at any given moment. But the rewards you’ll reap in the long run will be hugely satisfying.

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6. Embrace Your Mortality

After being diagnosed with pancreatic cancer, Apple CEO Steve Jobs said in a commencement address at Stanford University, “Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.” Imagine finding out tomorrow that you have six months to live. That idea you’ve been toying with in the back of your mind for ages will most likely never come to fruition, and you have to live the last six months of your life knowing that you wasted the gift you were given. Tomorrow is never guaranteed, and there will certainly come a day when it will be too late to chase your dreams.

Featured photo credit: Flickr via farm2.staticflickr.com

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Matt Duczeminski

A passionate writer who shares lifestlye tips on Lifehack

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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