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5 Tips for Entrepreneurs to Strengthen Their Business

5 Tips for Entrepreneurs to Strengthen Their Business

Whether you are just starting your own business or are an experienced entrepreneur, there is always something you can do to make your company more successful. Increasing your profits is a complex process, so if you want to achieve the best results, you should come at it from different angles.

These tips will help enhance your business in a variety of ways:

Focus on Motivation

In some cases, motivation is the only thing that keeps entrepreneurs going. There are a variety of motivational practices, and the efficiency of each differs depending on the person. You should try several of them to determine what works for you personally.

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The key to effective motivation is to keep your goals firm in your mind at all times and do not let negative thoughts prevail. Seek positive affirmation, for example, in success stories. You may also use thoughts of your family and others you love and want to provide for with your work to help you move forward through every challenge. If you need a bit of positive reinforcement, look back at where you came from and access your progress till date. Then think whether you want to get back to working for someone else instead of being an entrepreneur.

Embrace Technology in All Its Forms

The first thing you should do to strengthen your business today is to build a website and learn how to use it. There are a variety of guides and services that can assist you, and investing in them would pay off fast due to the efficiency of digital marketing.

Over two-thirds of the US population today seeks information, products, and services online. This number is increasing gradually, so a website is vital for any business. You also need to implement a variety of digital marketing tools to promote it efficiently.

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Consider developing a mobile app, and make it as functional as possible. This will help both attract new customers and make your regulars more loyal.

Search for various technological solutions that can facilitate your business and make it more efficient. This might be communication apps for your employees or new gadgets that speed up production. Stay informed about the most recent tech developments in the areas that can help your business.

Develop and Grow Professionally

Use different tools and techniques that will allow you to improve your skills and understanding of your field. This will allow you to both improve your products/services and your company overall.

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Visit seminars and conferences where you can learn these things and send your employees there so that they can grow as well.

Being informed and progressing constantly will enable you to deliver the highest quality of service to consumers and even predict their needs. Use the advantage of the knowledge you get from educational events and expos to stay ahead of your competitors.

Choose the Right Employees

There is a highly-efficient team in the core of any successful business. One of your main tasks as an entrepreneur is to create this kind of team. Consider using specialized employment agencies to help you find professionals that will meet the needs of your company.

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Be ruthless whenever necessary and inform your employees of what you need from them exactly. Replace people who cannot meet the necessary requirements.

Show Your Customers How You Value Them

Customer loyalty is necessary for growing a strong brand. You should always aim to show the consumer how important they are. Promotions and special offers are a good start. You also need to set up an effective and friendly customer service and address any complaints and inquiries immediately.

Consistently improving the quality of your products and providing your clients with regular updates via a website, emails, and social media will also help enhance their loyalty.

 

Featured photo credit: https://pixabay.com/ via pixabay.com

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Melissa Burns

Entrepreneur

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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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