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8 Things You Need To Know About Yourself Before Starting A Business

8 Things You Need To Know About Yourself Before Starting A Business

Many people dream of leaving their day job behind and starting their own business. In this dream, an endless amount of cash flows to them as they sit sipping champagne and barking orders at employees. Or the dream is of you, sitting on a cloud, casually making jewelry, with little else to worry about in life.

Unfortunately, the reality is quite different. Not to say that starting your own business won’t change your life for the better. Indeed, many entrepreneurs will tell you that going self employed was the best decision they ever made.

They will also tell you it is really hard work, that there are many obstacles on the road to your individual success, and it really is important to know yourself first before jumping ship on your current lifestyle.

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This last one might shock you. Why do you need to know yourself to start a business? Just think of it like this: if you don’t know yourself, then you could end up starting a business that you don’t enjoy in the long term. You might struggle to find the motivation to see it through to relative success. You may find the world of business is not what you expected, and that you were happier in your day job.

Everyone should dream. However, before your dreams ever become a reality you have to think, plan, and prepare. Before you give up your day job, here are eight things you need to know about yourself.

1. What Do You Want To Do?

To say that you want to start your own business is pretty vague. What do you actually want to do? Do you have an existing passion or interest that you want to capitalize on? Have you seen a gap in the marketplace that you know you can fill? You will have a much better chance of success if you go into business knowing what your strengths are, where your ideas stand, and what you can see yourself doing for years to come.

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2. Know That You Can Be Your Own Boss

Many people want to start a business so that they can be their own boss. This is all well and good, but this alone is not enough of a motive for quitting your job. You will still be left with the boss of all bosses to deal with — your own conscience. You will have to manage your own time, and motivate yourself to get the work done. Can you make yourself productive without racking yourself with guilt every time you have a break? If not, you might actually end up missing your old boss.

3. Know That Your Motives Are Well-Founded

Rage-quitting your job because of an argument with a co-worker is not a great way to start a new life. If your motives are well-founded, then your business ideas are likely to be more grounded, and your action will be based on accomplishing something you believe in. The purest of motives is that you are completely passionate about your ideas, services, or product. Money is also a motive. There is nothing wrong with that, as long as it isn’t your only reason. If it is, you might miss your old paycheck just as much as you miss your old boss. Starting a business is hard work, often involving a lot of time with no pay at first.

4. What Do You Not Want To Do?

There are always parts of a particular business or industry that you are not interested in, or that represent your weaknesses. Knowing what you do not want to do is; in a way, as important as knowing what you want. You can build your team around people, and roles that plug in your gaps. You don’t have to do everything yourself.

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5. Know Your Own Personality

One of the most important parts to starting a new business is to know your own personality, and to be comfortable with yourself. It’s like that with a lot of aspects of life. When you come across as an authentic and genuine person, other people will trust you. They will want to give you work, they will be happy to work alongside you, and they will feel they can rely on you. Of course, if you identify any troublesome qualities you should work on them. Being a well-rounded individual will be of immense value, no matter what business you start.

6. You Can Stay True To Yourself

It’s dog eat dog out there. That’s the classic phrase young business men and women are told by their successors. While most people in the world are not out to get one over on you, some are. There happens to be sharks in the murky waters of entrepreneurship. Staying true to yourself is of immense value to you. Not doing so could lead to you accepting work or deals at a lower rate than you are happy with, or engaging in something that you are not morally comfortable with. Learning to say “no” is extremely important. A prerequisite to staying true to yourself is knowing yourself in the first place.

7. What Are Your Interests Outside Of Business?

Having established what you want to do in the world of business and why, you must also challenge yourself to know about your interests outside of all of that. Working for yourself is all about life balance. You will dedicate a lot of your time to your business, but when the work is done you need to wind down and enjoy life. Otherwise, there is little point working for yourself, and your routine will be as dull as the office job that you left behind. Are you a family man? Do you love to surf? Have you always wanted to learn how to paint? Open up your world and be happy. Doing so will also help to keep you stay motivated and successful in your work.

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8. Know That You Can Stick It Out, Whatever Happens

Back to the dream world for a minute. Many people believe they can get their business rolling, sit back, and watch it run itself. It is more likely to run itself into the ground with an approach like that. Realistically, businesses experience ups and downs. You shouldn’t be too surprised if you face emotional and financial turmoil at some point. Can you stick it out when times are tough? How do you respond to that crushing blow that the world can sometimes deliver? Strength and confidence will ultimately lead you to success — if you have what it takes. So if you still want to run your own business, and you know yourself well enough to succeed, then go get after it.

Featured photo credit: jseliger2 via flickr.com

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Learn to code Learn Coding For Free With These 10 Sites 4 Ways to Send a Money Transfer Online INDX.guru 8 Powerful Hidden Features in Stock Market Apps You’ve Probably Missed 4 Apps To Turn You Into A Stock Market Pro (You Should Use) “I would be so successful if someone just gave me a shot”, you might think. Why not be the one to give youreself a shot? Many people out there have mindsets and attitudes that set them up for failure. They might answer my question with, “That's a crazy idea!” or “I've already tried that!” but how much of that is just making excuses? When it comes to limiting your own success, there are ten particular mindsets that turn those answers into self-fulfilling prophecy: 1. Loafing You'll write that novel just as soon as you're done with your favorite show. Oh, but now you're hungry. You'll get started after a snack. Oh, but now that snack has made you sleepy – a little nap couldn't hurt, right? One of the hardest parts, and the most obvious, of achieving success is the actual work. Procrastinating, making excuses or tricking yourself into loafing is just going to cement the fact that nothing will ever get done. It might not sound pretty, or even too easy, but the easiest way to get to success is to just jump in and get going (which is exactly how I got started). 2. Blaming It's not your fault you're not successful – the industry is bad, you don't have the money, etc, etc. When it comes down to it, however, who is the one responsible for your success? You. This is the day and age where people are launching successful start-ups in a few months, getting published online and finding their way to success one way or another. Some things might be out of your control, but blaming others is just going to waste the energy and time you need to get going. 3. Sour-grapes Being envious of the success of others is almost as bad as blaming them. All the time and energy you could be putting into your own goals is going towards a person who more than likely has done nothing but show you that the goal is attainable. You don't have to be applauding their success, but being envious and sour about it is a waste of time – let it roll off your shoulders and dig down towards accomplishing your own goals. 4. Minimizing others success Again, you don't have to be cheering and raving about the success of others, but minimizing their accomplishments looks bad on you and on your own goals. If you attained success, would you want others rolling their eyes and treating it like it is not a big deal in the slightest? I highly doubt it. “So they climbed Mount Everest, big whoop. Plenty of people have done it before”. Have you? 5. Talking You're going to do this, you're going to do that – the proof is in the pudding, ultimately. Talking about your goals and what you're going to accomplish is all well and good, but talking time is better spent actually doing. Talking about your goals has actually been shown to make you less likely to reach them, so zip up those chattering lips and dive in. 6. Making assumptions You know what they say about the word ‘assume’, it makes (a word I’ll leave out of this article) out of ‘u’ and ‘me’ . Unsuccessful people are the best at making assumptions without considering other outlets or opportunities. Missed chance after missed chance can put anyone behind or completely ruin something that you poured a lot of hard work into. People are often surprised at what happens if they take a chance instead of listening to that little pessimist inside their heads. ‘Never assume’ is good advice and it is a mindset you should get out of as quickly as possible. 7. Procrastinating This one is obvious, isn't it? It's about the same as loafing, but even worse because it applies to multiple areas of our lives. That big project? Eh, its not due for a week. My dreams? Eh, I'm going to be taking a class to learn how to write in a few months, I can relax until then. Procrastinating isn't the friend of successful people. Many of them had to learn how to either make procrastination work for them or to barrel through it and press on, even with the proverbial sloth demanding you park it on the couch. 8. Naysaying “It will never work. It is impossible, I just can't ...”. That is about when it is time to take a good look at yourself. There are a plethora of people out there that once thought the same thing: you can't get a man into space, you can't find a way for a human to fly, you can't cure a disease. Well, people did what was once considered impossible. If they can defy the entire world, why can't you defy your internal pessimist and get there? Don't tell yourself that it is impossible. In the world we live in today, it seems like impossible is becoming a word that gets weaker every day, and the same is true of your goals. 9. Consuming Fast food, energy drinks, trash TV – your brain is sobbing at the thought. With all the time spent taking in things that are not good for your brain or body, how can anyone expect it to happily balance out and produce the stuff you need to achieve success? Your output should be greater than your input; though you don't have to take the starving artist spiel literally. The point is, your production is where the value is, not the absorption. 10. Quitting “Well, I tried.” Sure, you tried once. That horse is shaking its head and trotting off to find someone who will get back on it. There's nothing necessarily wrong with cutting your losses sometimes. After all, no experience is ever truly wasted, but quitting is the top enemy to successful people. If you believe in something, if you want to find that success, there is no road map. You may very well have to carve your own path through treacherous jungle. If you give up the first time a mosquito bites you then you've doomed yourself already. Success, in large part, is about the human being in the arena. People cheer for them, their struggle and victory, but the person who watches idly and scoffs, having never tried has also never really lived. Mindsets are not set in stone. It is never too late to get started and change your perspective. After all, achieving success is completely up to you – you are the one making excuses and holding yourself back. You are also the one that will decide when it is time to stand up and get back into that arena. 10 Bad Habits That Stop People From Achieving Success

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Last Updated on November 5, 2019

How to Use Visual Learning to Work More Effectively

How to Use Visual Learning to Work More Effectively

Knowledge is essential to become successful in life, your career and your business. Without learning new concepts and becoming proficient in our craft, we cannot excel in our chosen careers or archive knowledge to pass down to the next generation.

But content comes in various forms, and because how we learn influences how much we know, we need to talk about learning styles. This article will focus on how to utilize visual learning to boost your career or business.

The Importance of Knowing Your Learning Style

Knowing your learning style enables you to process new information to the best of your ability. Not only does it reduce your learning curve, you’re able to communicate these same concepts to others effectively.

But it all starts when you’re able to first identify the best way you learn.

As a college student, I soon figured out that taking online courses without visual aids or having an instructor in front of me led to poor retention of concepts.

Sure, I got good grades and performed excellently in my online exams. However. I discovered that I couldn’t maintain this performance level because I forgot 80 percent of the course content by the end of the semester.

There are several types of learning styles known to mankind. To give an idea of how visual learning stacks up against other learning styles, here’s a brief mention of some of the different types of learning styles we have.

The four most popular types of learning styles are:

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  • Visual learning style (what this article talks about).
  • Aural or auditory learning style (learning by listening to information presented).
  • Verbal or linguistic learning style (learning that involves speech and writing).
  • Tactile learning style (learning by touching and doing)

But for the purposes of this article, we will be focusing on using visual learning to boost your career or business.

How to Know If You’re a Visual Learner?

When it comes to boosting your career, business (or education), a visual learner is one who would most definitely choose shapes, images, symbols, or reading over auditory messages.

I’m talking about preferring to read an actual map when navigating to a new place over listening to verbal directions. I’m talking about discovering that you actually have trouble remembering what your manager said at the meeting because there were no graphs or illustrations to support the points raised.

Most people who struggle with learning probably aren’t leveraging their best learning styles. The earlier you identify how your learning style can boost your success, the less struggle you will encounter with processing new information throughout your career.

However, visual learning in particular CAN 10x your career or business whether it is your preferred learning style or not. And here’s why:

Several studies have arrived at the conclusion that the brain retains more information with the help of visual aids. In other words, images are directly processed by our long-term memory which helps us store information for longer periods of time.[1]

While some lessons can be performed orally, several concepts can only make sense if you have an image with an explanation of sequences (i.e learning about the human DNA).

Visual learning does use a different part of the brain and visual cues are processed by the part of the brain known as the occipital lobe.

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By engaging more parts of the brain during learning, you’re able to have a fuller understanding of concepts and facilitate better interaction with your immediate environment.

How to Use Visual Learning for Success

Here’re 4 ways to use visual learning to boost your career or business:

1. Bring back the to-do list. Then add shapes and colors to boost productivity.

We live in an age where computers have taken over virtually every aspect of productivity and most human functions. But written lists are making a comeback, and with an endless number of important tasks to complete, having a to-do list of tasks in order of importance can improve your productivity.

While coming up with a list is initially challenging, adding colors and shapes to written lists that you personally write and manage gives you an extra layer of assurance and boosts aids recall so that you actually get stuff done.

I have tried this technique in my work as a registered nurse and discovered that adding shapes and colors to to-do lists helps me delegate tasks, recognize where more work is needed, and makes it easy to cross off completed tasks at the end of the day.

2. Add graphs, charts and symbols to your reports.

Yes, it seems like more work cut out for you. However, graphs enable you monitor the heartbeat of your business.

Graphs and charts help you trend your finances, budget, and pretty much any data overtime. With the help of free and premium software available on the market, it has become easier to take plain data and in a matter of seconds, have relevant information displayed in different shapes and images.

As an entrepreneur, you can make predictions and allocate funds wisely when you’re able to see whether your efforts are rewarded. You can use colors and charts to delegate actions to members of your team and track performance at the same time.

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And when broken down into monthly, quarterly, bi-annual or annual goals, graphs and charts communicate what ordinary text cannot.

3. Effectively brainstorm with mind-mapping.

Mind-mapping is not new but I don’t think it’s been talked about as often as we do to-do lists.

With mind mapping, you’re organizing information accurately and drawing relationships between concepts and pieces from a whole.

Think of a mind map as a tree with several branches. For example, the tree can symbolize healthcare while each branch stands for nursing, medicine, laboratory science, and so on. When you look at nursing, you can further branch out into types of nursing; pediatric, women’s health, critical care, and so on.

It’s an interesting relationship; the more ideas you’re able to come up with for your chosen subject, the deeper you get and the stronger the association.

Mind maps really show you relationships between subjects and topics, and simplifies processes that might seem complicated at first glance. In a way, it is like a graphical representation of facts presented in a simple, visual format.

Mind mapping isn’t only limited to career professionals; business owners can benefit from mind mapping by organizing their online learning activities and breaking down complex tasks into simple actions so that you can accurately measure productivity.

4. Add video streaming to meetings.

What if you could double the productivity of your team members by video streaming your meetings or adding flash animation to your presentation at the same time?

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When you offer video as an alternative method of processing information to colleagues, there is a greater chance of retaining information because we recreate these stories into images in our minds.

For organizations that hold virtual meetings, it can also be an effective way to enhance performance during if people can see their colleagues in addition to flash animation or whatever form of video is provided during the meeting.

Is Visual Learning Better Than Other Learning Styles?

No, that is not the point. The goal here is to supplement your existing dominant learning style with visual learning so that you can experience a significant boost in how you process and use everyday information.

You might discover that understanding scientific concepts are much easier after incorporating visual learning or that you’re able to understand your organization’s value when projected on a visual screen with charts and graphs.

The overall goal is to always be learning and to continue to leverage visual learning style in your career and business.

More About Learning Styles

Featured photo credit: Unsplash via unsplash.com

Reference

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