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6 Ways Fearless and Ambitious Entrepreneurs Gain Rapid Business Growth

6 Ways Fearless and Ambitious Entrepreneurs Gain Rapid Business Growth

As an entrepreneur, you’ve probably started your business dreaming of a continuous flow of money and the freedom to set your own hours and find success on your own terms. While these dreams aren’t impossible, they definitely are hard to realize, especially if you’re just starting out on your journey. However, the rewards you end up reaping will end up being completely worth it in the long run.

As a budding entrepreneur, you need to:

1. Join the competition

Don’t be afraid to dive right in. Make yourself known in your industry, even if on a small scale. This is not to say you want to start out thinking you can put other companies out of business — or even that that’s what you should aim to do at all. Rather, you should use your competitors’ successes as motivation to grow your own company from the ground up.

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You should also look to the established professionals within your industry and see them as the mentors they are. Many of them will be more than willing to help you get started on the right path.

2. Hire the right people

You’re not going to be able to run your company by yourself. You want to hire competent and forward-thinking individuals who are willing to work toward a common goal. While you don’t want to make exorbitant promises from the get-go, you want to make it clear that their efforts today will pay off in dividends tomorrow.

You want people who are motivated by more than just the almighty dollar working for you. You want the ones who understand your vision and will stop at nothing to see it come to life.

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3. Reduce your risks

Starting a business is a huge risk in the first place. And, believe it or not, getting started too quickly can end up coming back to bite you immediately.

As your business starts to grow, be careful not to take on too much. You don’t want your customers and clientele to get the impression that you’re unreliable. While you should never turn away a customer willing to pay for your services, if you’re unable to cater to their needs right away make sure they understand this, and that the only reason there may be a slight hold up is that you want to provide them with the best product or service possible.

4. Be adaptable

If you haven’t noticed by now, trends change on an almost daily basis. Because of this, your business needs to be able to constantly adapt to the needs of your customers. While you don’t want to sacrifice your integrity just to make a quick sale, you do want to listen to your customers’ advice and criticisms.

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You’re almost certainly going to make mistakes along the way to success. But if you don’t learn from them, you’ll never reach the goals you’ve set for yourself.

5. Focus on your customers

Like I just said, your business only exists because your customers do. But your company isn’t unique (at least not yet). Your audience can easily find someone else offering the same service or product as you. What keeps them loyal to your company is the personal touch you put into your business. Don’t settle for knowing what your customers want. Reach out to them as human beings. Create a community of like-minded individuals who share their ideas freely.

Not only will this give you an idea of how to move forward with your business, but it will show your customers that you truly care about them and want to provide them with exceptional service.

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6. Think ahead

This goes along with being adaptable. Like I said, you always want to be changing with the demands of your customers. But you shouldn’t be reactive in this prospect.

You need to proactively grow as a company, and never settle where you currently are. Imagine if Bill Gates or Mark Zuckerberg had just stopped working once they made their first million. Not only would they not have nearly as much as they do now, but Microsoft and Facebook would never have grown to the omnipresent entities they currently are.

Once you’ve reached one goal within your company, you should immediately start looking ahead to the next milestone on your path.

Featured photo credit: Child Entrepreneur Lemonade Stand 50 Cents Each Qiqi Lourdie June 24, 20111 / Steven Depolo via farm7.staticflickr.com

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Last Updated on June 19, 2019

8 Life-Changing Skills You Can Learn in Less Than 6 Months

8 Life-Changing Skills You Can Learn in Less Than 6 Months

Everyone has the ability to learn a life-changing skill not just this year, but in the next 6 months.

By life-changing, I mean something that can have a positive impact in your life moving forward, even if it’s something you can’t envision today. Certain skills we can immediately reap the benefits of, while others will be life-changing when we least expect it.

In this article, we’ll share 8 life-changing skills you can learn in 6 months, where you can learn them, and how you can get started today.

1. Speed reading

Bill Gates has been known to state that if he had one superpower, it would be the ability to read faster. What Bill and the rest of the mega-successful understand is that knowledge is power. The ability to process information faster from books, articles, and reports is what will help us learn faster, and therefore improve each aspect of our life faster as well.

Where you can start learning: Speed reading courses are becoming more popular, as more people realize how important it is with the limited time we have. You can check out free courses like Read Speeder or you can start learning how to use Spritzlet, which allows you to speed read articles online with a browser extension.

2. Public speaking

Research shows that people fear public speaking more than death itself. There’s something terrifying about being in front of dozens or hundreds of people, and exposing yourself completely. It’s when you’re most vulnerable, but learning how to public speak is a life-changer.

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Warren Buffett has given advice to recent graduates that the number one skill you can have to succeed is public speaking skills. Everything from communication, confidence, and sales is developed when you develop your public speaking skills.

Where you can start learning: Luckily, there are great communities out there like Toastmasters that organize local meetups all around the world. You’ll find amazing public speakers that are looking to get to the next level to beginners that are just getting started. Check out Toastmasters’ website here.

3. Spanish

As the third most spoken language in the world, the ability to speak Spanish will allow you to reach over 500M people around the world. No matter where you live, knowing how to speak Spanish is becoming increasingly more important, with the Hispanic population and economy spreading quickly worldwide. If you’re living in the US, this is even more important, with over 30% of the population being Hispanic.

Spanish is also on this list, because it’s one of the easiest languages to learn. Sure, Mandarin is an important language to learn, but it’s an incredibly difficult one to learn. If we were to measure the level of importance and the time to learn for all the languages available, Spanish would make it to the top of the list.

One of the biggest reasons why people never reach fluency in any foreign language is: using the wrong method, and lack of time.

It turns out that humans retain only 5% of what we learn from lectures, 20% of what we learn from apps (visual cues), and 90% of what we learn from immediate immersion. Yet, how do 90% of learn a new foreign language? Language schools (lectures), books, Duolingo (apps), etc that don’t provide the real-life immersion required for our brains to learn faster.

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Where to get started: If you want the most effective way to learn a language, learning from real-life interactions is the best way to do it. There are great websites like Rype, which offers Spanish coaching for busy people, solving the issue of lack of time and bringing real-life immersion to your screen. With Rype, you can book as many lessons as you want, at any time of the day, any day of the week, allowing you to fit it into your schedule, no matter how busy you are.

4. Accounting

If you’re looking to get into business, accounting is one of the core fundamentals you’ll need to succeed. While you don’t need to be an expert, you definitely should understand the basics.

This skill can also be used to manage your personal finances, to meet your financial goals, and having more control over your life.

Where to get started learning: If you didn’t learn accounting in school, no worries. You can either teach yourself using books, or check out free accounting courses online.

5. Microsoft Excel

Most people reading this probably have a basic understanding of Microsoft Excel Spreadsheet. While this is a good start, there are so many powerful functionalities that are hidden, which could make your life a lot easier.

Excel is also a great asset to have whenever you’re looking for a job, as many corporations rely on Excel to organize and manage multiple parts of the business.

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Where to get started learning: With the popularity of Excel, you can find tons of free resources and videos online to learn. Check out Excel Exposure, Lynda, and Excel with Business.

6. Blogging/Vlogging

Blogging is a powerful tool if you want to spread your ideas, build your brand, or grow your business. Since it was introduced, blogging has taken on a life of its own, and today there are ~2M blog posts being written on a daily basis.

Where to get started learning: Anyone can start blogging today. All you need is a content-management system like WordPress, which is completely free. Personally, I think the best way to start learning how to blog is to just start writing. There are techniques you can learn on how to promote your blog, but the best way to grow your blog is to write great content.

7. Weight training

Yes, weight training is a skill. It’s not as advanced as learning how to code, nor will it take as long as learning a new language, if you just want to learn the basics.

We’re not promising that you’ll get a body like Arnold Schwarzenegger, but you will see much faster results for whatever goal you have, just by understanding how to workout properly. And of course, when you’re dealing with an activity that involves physical strain, you’ll always want to caution yourself.

Where to get started learning: There are amazing body builders that are sharing all of their secrets for free on Youtube. You can check out Bodybuilding.com’s Youtube channel to get started.

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8. Photo and video editing

In the digital world that we live in, from Youtube, Instagram, and Facebook, there is no avoiding photos and videos. In fact, social media has increasingly gone away from text sharing and almost everything to photo and video editing.

Where to get started learning: For photo editing, you can use Photoshop. For video editing, you can use iMovie or Final Cut Pro. Keep in mind, there are dozens of editing software tools for video and photo editing, but what’s more important are your editing skills, not the tool itself.

Check out education websites like CreativeLIVE or Skillshare, where you can learn from experts themselves on how to best use design and software tools.

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