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7 Success Hacks for Budding Entrepreneurs

7 Success Hacks for Budding Entrepreneurs

Being your own boss can be both fun and rewarding but don’t let anyone tell you it isn’t hard work. Several years back I started my very first business, and the memories are still as vivid today as when it happened.

Indeed, I can recall the feeling that I had after filing my articles of incorporation with the Secretary of State. It was like, ‘So now that it’s official, what do I do now?’ Fortunately, I was very lucky to have made mistakes early enough to catch them and make my corrections. But it wasn’t easy. However, the good news is that today I’m going to let you know everything I wish I’d known then about what to do after starting a business. Let’s get started!

After you officially launch your business, it won’t be long before you find yourself wondering what to do next. If your launch is anything like mine, the weird thing about trying to map out a game plan isn’t necessarily that you don’t have anything to do. You might even find that there’s so much that just trying to decide what to do first triggers analysis paralysis.

If I could do it all over again here’s how I’d tackle my new business checklist.

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1. Ready Yourself for Growth and Success

While on the face of it managing growth might either

a) seem like a great problem to have or

b) like the type of problem that you only worry about when you’re actually facing it.

Nothing could be further from the truth! In fact, the irony of it is that quick, unexpected sales growth could be just as detrimental to your business as no revenues at all! If it all sounds a bit far-fetched, consider this news from one of the most widely recognized business publications in the world – the Harvard Business Review – which cited the inability to handle growth as one of the biggest problems faced by new businesses. To support this observation, they referenced several examples of startups who hurt themselves by not responding adequately to the unexpected growth.

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Here’s what you need to know about growth hacking for the unexpected.

If you haven’t already done so, you’ll want to be 100% certain that your method of production can be scaled; this applies both to companies who supply products or services. One way you can tell if you’re sufficiently capable of handling rapid growth is to ask yourself if your current production process could withstand 100 more orders – should they come in right now. If the answer is no, then you know that you need to scale your production procedure.

2. Have a Sales Team in Place

If you run a sales driven company, it’s critical that you find ways to generate sales – day in and day out. Without a doubt having a knowledgeable sales force in place to close deals is one of the best ways to achieve regular sales.

3. Become an Expert in Your Market

If you have a sound understanding of the fundamentals that drive sales for your industry, you’ll be in a position to stay a step ahead of the competition. One way to do this is to stay plugged into what’s going on in the industry. Of course, if you have an internet connection, it is remarkably easy to follow the trends that matter.

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While not everyone wants to prepare themselves to be ready for the worst, so many new companies go out of business because they weren’t ready to experience success.

4. Don’t Over-Rely on Your Company Launch for Sales

It’s so easy to adopt the mindset that your launch buzz will follow you into the post-launch phase. However, remember that this does not have to be the case and it usually isn’t. In fact, after that first round of PR wears off, you should prepare yourself to fight for every second or word of publicity that you receive.

Sadly, that initial buzz will wear off quicker than you think, so be ready. Another thing is that the sooner you internalize your new business’s Unique Selling Proposition (USP), the faster you can position yourself for long-term growth. Here are some things you can do to keep the sales rolling in longer after your initial launch.

Hire a professional sales person. Thanks to sites like Upwork and Freelancer, finding top sales talent is closer within reach than you probably thought. Nonetheless, it’s critical that you remember ever to be on the lookout for good talent in this area, as you never know when you may need to hire another sales person. Upon finding your sales pro, be prepared to train and equip them with a realistic quota.

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5. Maintain a Positive Outlook

Once you fully transition from being a startup to being a full-fledged business with a track record under your belt, it’s important that you maintain your enthusiasm. Why? There will be days where things simply don’t go your way and when they come it’s essential that you meet them head on.

6. Consistently Seek New Networking Opportunities

While you may have a core of customers that keeps the gears churning for your business, you never want to rely on them as you never know when they might disappear. The key to not being too dependent on long-standing customers is to acquire new customers on a regular basis.

So let this be a reminder always to be selling. But it won’t happen unless you make sales the focus of your business. And remember, it doesn’t matter how much success you’ve already achieved, so long as you intend to stay in business, you should always be bringing new customers onboard.

7. Additional Considerations for Your Startup

  • Connect with Like-minded People Online: Building a business can get lonely sometimes. Things can get so quiet that if you’re not careful, you could find yourself drifting into depression. One way to offset this is to find a community of others in your field that you can reach out to when you want to talk. An added benefit of employing this strategy is that it can sometimes help you find new customers as every now and then you may stumble across someone who refers you business because they’re too busy to take on new work.
  • Banking: Banking is something that you want to establish even before you start your business. If you haven’t already had an opportunity to build a banking relationship, now is the time to do so.
  • Decide Whether an Office is Necessary: Unlike years past where not having an office meant that you might not be taken seriously, in the present day and age, many businesses opt for a virtual presence. So depending on your market, a physical presence may not be necessary. However, if you work in an industry where your audience expects you to have a storefront or physical location, just know that there are options. For example, if you’re on a shoe-string budget, you can rent a shared space or something similar.
  • Establish a Web Presence. If you’re still using a free email provider for your email address, please stop as this is one of the best ways to brand yourself as a newcomer. Instead, get a branded email. They are now easier than ever to get and are often very affordable. The same can be said of your website. If you don’t already have a site, go ahead and build or order one now. In fact, even if you’re low on funds and don’t possess web design experience, starting a website has never been easier as most website builder platforms allow you to drag and drop.

There you have it. While this list certainly wasn’t meant to be comprehensive, it at least covers the key areas. Armed with this list of ‘to dos’ you should now have a clear idea of what to do next.

Featured photo credit: readbrightly.com via readbrightly.com

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Published on March 19, 2019

How Your Attitude Determines Your Success

How Your Attitude Determines Your Success


Do you remember the last time you faced a major setback–when you felt so low, that nothing seemed to make you happy? No matter how hard you tried, you just felt like the world was against you. Perhaps it was a bad relationship, or the loss of a loved one… maybe something bad happened at work? Whatever it may be, could you recall how your attitude was towards that situation?

Often when we’re caught in an unhappy situation, we feel limited and sometimes trapped. We want to get out of it as quickly as we can, but it’s never quite that simple.

Unfortunately, some people can remain in that terrible situation for weeks, months or even years; while others may come out strong and ready to start over–or continue from where they left off–fairly quickly.

So what sets these two groups apart?

The answer is their attitude.

Attitude is everything when it comes to achieving a goal, and tackling a setback or problem. 

When you’re able to have a positive mindset, you’ll be able to break free of your limitations that are holding you back.

A positive attitude also goes a long way in ensuring you come out victorious from whatever limitations that were holding you back before. It transforms not just your mental state, but your physical and emotional well being. It is the key to lasting total transformation.

Positive Attitude Brings About Positive Health 

When you’re stuck in a rut, often the first thoughts that run through your head are negative, thus your outlook likely becomes pessimistic. But, if you can transform those thoughts into more positive ones, then you’re on your way to talking yourself out of that rut, which allows you to move forward.

Of course, positive thinking doesn’t mean ignoring all the bad or unpleasant feelings altogether. It just means that you approach unpleasantness in a more positive and productive way–instead of taking everything as a victim to negative circumstances, you see it as an opportunity to learn and grow.

Be aware of self talk!

These automatic thoughts can be positive or negative. Some of your self talk comes from logic and reason, while other self talk may arise from misconceptions that you create. Others could come from external sources such as negative people around you, or messages from the media.

The key is to surround yourself with positive influences that can help turn those negative thoughts into positive, more productive actions.You’ll not only feel better about the situation, but in the long run, positive thinking can lower your levels of distress and depression and give you better coping skills during hardships.

Researchers studying the effects of positive thinking and optimism on health have also found that positive thinking may provide increased life span, better cardiovascular health and reduced risk of death from cardiovascular disease, and even greater resistance to the common cold!

It’s unclear why people who engage in positive thinking experience these health benefits, but one theory is that having a positive outlook enables you to cope better with stressful situations, which reduces the harmful health effects of stress on your body.

It’s also thought that positive and optimistic people tend to live healthier lifestyles — they get more physical activity, follow a healthier diet, and don’t smoke or drink alcohol in excess.

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Suffering is Inevitable, So It’s Best to Accept It 

Now, one thing that everyone goes through at some point, is suffering. It’s a harsh reality, yet you can’t actually avoid it. We experience suffering as the result of unhappiness, fear, anger, loss or frustration. In fact, it would be hard to even imagine the feeling of happiness if we never experienced suffering! How would we ever compare it?

So instead of wallowing in sorrow about the suffering you have endured, take the suffering as an opportunity for change. Did you get laid off from your job? Perhaps this would be a good time to re-assess your career goals.

Rather than feeling negative and stuck, use your time and energy to find opportunities which will put you ahead. With the right attitude, anything can seem possible.

This may sound crazy, but suffering is the secret to being successful! 

Here’s what I mean. It’s impossible to think of new ideas or understand new experiences without stepping outside of your comfort zone. Anyone who has met great successes has also faced many failures, as nobody wins on every try.

To propel you toward success, find a way to track your progress and to set and celebrate small benchmarks. It may be helpful to conduct a weekly review to assess where you are and acknowledge all of the small wins of the week. Every accomplishment, no matter how small, is an achievement; so, be sure to take note of them.

Tracking your progress is also a great way to find and mitigate triggers and hindrances that impede your progress. The point is, you’re making progress; even if it feels like suffering, you can see that it’s leading you to joy.

Remember, don’t compare yourself to others. Only compare yourself to who you were yesterday. Each step you make towards progress is making you a better version of you.

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Gratitude Goes a Long Way in Shaping Attitude 

Now, this may seem difficult to do when you’re already feeling down, but having gratitude is a very useful when you’re trying to navigate your way out of a setback. Being grateful for existing accomplishments and the supports in your life will help you see them more clearly, build your own confidence, and give you a better overall outlook on what your limitations really are and what you have to do to overcome them.

With a grateful attitude, you limit the damage of negative influences, and strengthen the impact of positive ones.

Being grateful, even during the toughest of times, steers your attitude towards a more positive one, allowing you to get back on your feet much more quickly. Many studies done on gratitude have shown positive results for people who practice regularly, such as improvement in relationships and in mental health. There’s even studies that show higher motivation in work settings due to a simple ‘thank you’ from managers to their subordinates.

Believe in Yourself and Your Truth

This is often easier said than done, but is also the most empowering truth to overcoming your setbacks and limitations in life.

Many people find it hard to keep a positive attitude during tough times because they lack inner confidence. They doubt their abilities because of the ‘failure’ that they’re experiencing, and don’t think that they can rise above again.

But, confidence doesn’t just come from talent, luck or easy opportunity. Confidence comes from overcoming difficulties and facing your fears head on. 

Confidence is a result of getting out of your comfort zone. The more you do this, the more confident you’ll be, and the more positive your attitude will be. Confidence will help you see your goals more clearly, find your strengths within, reach your goals and overcome your limitations much more quickly.

Here’s a quick story about my own struggles helping me get ahead:

When I first started Lifehack, it took a long time to gain a solid readership. Just getting 100 visitors was a challenge and took a good bit of time. I had great ambitions for this site, yet it seemed like I was doomed to fail. I received plenty of criticism, too. Some people thought that the world didn’t need yet another self help site, others offered the opinion that there was something wrong with the idea itself and I was making a mistake.

It was hard for me not to listen to them and, at some times, agree. But, persistence is key, and in the end I chose to believe in my truth.

I worked tirelessly changing the site layout, restructuring articles, and making the site more user friendly. Slowly, I expanded to a team with the hiring of some extremely dynamic and talented people. With each determined effort, the site grew in popularity, and a few years later, we had influenced millions–and continue to do so.

Pushing myself out of my comfort zone and facing every challenge head on were the greatest contributing factors to increasing my confidence. So welcome the challenges that come; don’t avoid them, as they’re all opportunities in disguise to feed your growth.

Your Attitude Sets the Tone for Success 

Do you see the importance of having a positive attitude? It is so much more than a mindset or state of mind. Your attitude sets the tone for every action and behavior that follows after, and that will determine how long it takes for you to break free from your current circumstance.

So if you’re currently in an unhappy situation, why not give it a try and look at things from a more positive outlook? As mentioned, not only does having a positive attitude bring about favorable outcomes, it also brings about positive health in the long run.

Embracing hardship as it is, and using it as a learning experience to grow, will also make you stronger. And, whether you’re going through good or bad times, practicing gratitude will no doubt help to limit the damage of negative influences, and strengthen the impact of positive ones.

Lastly, in any circumstance, you are your greatest barrier to success, which is why it’s important to always believe in yourself!

You will always have the power to be in control of your situation because your attitude is determined by you. So start harnessing all that positive thinking to turn those limitations into strengths!

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Featured photo credit: Photo by Jonathan Francisca on Unsplash via unsplash.com

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