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7 Entrepreneur Hacks From Steve Voudouris

7 Entrepreneur Hacks From Steve Voudouris

If you have ever dreamed of becoming your own boss, but you don’t know what to do or where to start, Steve Voudouris can help. In 2009, he was chosen as the SBA’s Young Entrepreneur of the Year after starting his own business at the age of 17. Now, Steve runs AmericanMuscle, one of the largest suppliers of Ford Mustang and Ford F-150 aftermarket performance parts and noted as one of America’s 500 largest retail websites.

Steve enjoys giving back, and AmericanMuscle has raised and donated over $150,000 for nonprofit organizations. In addition, the AmericanMuscle team donated their time and products to rebuild a 2006 Mustang for a terminally ill boy to fulfill his Make-A-Wish dream. Steve also loves to help those who want to start their own businesses. He offers these seven tips to help you succeed as an entrepreneur.

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1. Use the Two-Minute Rule

If a task can be done in two minutes, do it as soon as you think of it. Otherwise, it will take you more time to organize and review. Heed the motto “Just get it done.” This will keep you from wasting a lot of time that you could be spending on more important tasks.

2. Minimize Distractions

One of the biggest challenges of working for yourself is resisting distractions. It is very easy to become distracted, and then the work doesn’t get done. The solution? Set aside specific times for checking emails, reading articles, texting friends and clients, and checking social media notifications. Stick to that schedule. Here’s a tip: Try checking emails while you are on the go instead of while you’re working at your desk. Turn off your phone. The fewer distractions you have, the more work you get done.

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3. Take Plenty of Notes

Make sure you always have a pen and paper handy, or some other way to jot down notes. We always need to make lists, and we have ideas that we forget about if we don’t write them down right away. Record everything that comes into your mind. You never know when you will need a great idea.

4. Define the Most Important Tasks

Set aside a few minutes each morning or evening to select 3–5 tasks that are important for company-building success and need to be done. Even if nothing else gets done, you will know that you have at least accomplished something by taking care of these things. Knowing what you need to do ahead of time makes it easier to do it.

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5. Pick Your Schedule

Everyone has a time of day when they get the most accomplished. Your best time is when you should be doing the majority of your work. The good news is that being an entrepreneur allows you to set your own schedule, so you can tackle projects when you are most comfortable, energetic and focused. Schedule this type of work during your most productive hours, when you know you will get the most accomplished.

6. Use Your Ultradian Rhythms

These are natural body cycles that happen all day, about every 90–120 minutes. Our bodies give us periodic signals to tell us when we are hungry, angry, stressed, etc. Do not fight these cycles, but embrace them. Work in 90-minute blocks, and take a 15-minute break after each block. You will have more energy and be a lot more productive.

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7. Stop Multitasking

People think they get more done when they multitask, but the truth is the total opposite. Multitaskers are not giving their full attention to any one task, so nothing is done thoroughly. Work on one task at a time, and you will end up accomplishing much more in the run of a day.

Featured photo credit: Luke Chesser via unsplash.com

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Jane Hurst

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Last Updated on March 12, 2019

20 Inspiring Vision Statement Examples (2019 Updated)

20 Inspiring Vision Statement Examples (2019 Updated)

There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

What Is a Vision Statement?

A vision statement is like a photograph of your future business, which gives your business shape and direction.

A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

The Importance of a Vision Statement

Without a vision statement, your business will lack motivation to keep going.

If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

How to Craft an Inspiring Vision Statement

1. Dream big and use clear language

An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

  • Imagine how you want the business to be like in five to ten years.
  • Infuse the business’ values in the statement.
  • Make sure that the statement is implying a clear focus for the business.
  • Write your vision statement in the present tense.
  • Use clear and concise language.
  • Ensure the statement is easily understood.

There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

2. Get inspirations from the successful companies.

Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

Short vision statements made up of a few words only:

1. Disney

To make people happy.

2. Oxfam

A just world without poverty.

3. Ikea

To create a better every day life for the many people.

Quantitative statements are based on numbers, quantities:

4. Microsoft

Empower every person and every organization on the planet to achieve more.

    5. Nike

    Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

      Qualitative statements are based on qualities that you want to have:

      6. Ford

      People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

      7. Avon

      To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

      Competitor based statements – this type is becoming less common, but famous examples are:

      8. Honda – in 1970

      We will destroy Yamaha.

      9. Nike – in 1960s

      Crush Adidas.

        10. Philip Morris – in 1950s

        Knock off RJR as the number one tobacco  company in the world.

        Role Model Vision Statements – using another company as an example:

        11. Stanford University – in the past

        To become the Harvard of the West.

        12. Reach for Success – in the past

        To become the next Tony Robbins in self development.

        Internal Transformations vision statements:

        13. Apple

        To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

        14. Giro Sport Design

        To make sure that riding is the best part of a great life.

        15. Tesla

        To accelerate the world’s transition to sustainable energy.

        16. Sony

        To be a company that inspires and fulfills your curiosity.

        17. Facebook

        To give people the power to share and make the world more open and connected.

          Longer and more detailed vision statement:

          18. Walmart

          To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

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          19. Coca Cola

          To achieve sustainable growth, we have established a vision with clear goals:

          Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

          People: Being a great place to work where people are inspired to be the best they can be.

          Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

          Partners: Nurturing a winning network of partners and building mutual loyalty.

          Planet: Being a responsible global citizen that makes a difference.

            20. Heinz

            Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

            The Bottom Line

            Remember, always keep your vision statement up-to-date to direct your company’s actions.

            Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

            Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

            Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

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            To your success!

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