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Revealed: Successful Young Entrepreneurs’ Secrets to Making Their Dreams Come True

Revealed: Successful Young Entrepreneurs’ Secrets to Making Their Dreams Come True

Do you ever feel that you are investing in the dreams and success of others while neglecting your own? You punch a clock day in and day out, earn a meager pay-check for performing mundane tasks far beneath your capabilities, and for what–to help catapult someone else to success? If so, you are not alone. Many people are trapped in a cycle of chasing someone else’s dream for them, while theirs go unrealized.

Being an entrepreneur is the sexy new trend these days. Everyone seems to be doing it. What if you were to gain the necessary capital needed to launch your own business- would you? Or would the fear of failure stop you dead in your tracks?

If you chose to heed fear’s warning, you may be smarter than you think. Your fear is rational and not without merit. Building a startup is hard. That’s the tough reality despite all of the hype, glamour, and sexiness surrounding entrepreneurship. Statics show that over 90 percent of startups fail. [1] The odds are not in your favor.

10 young entrepreneurs show us how to achieve success

What about that small 10% who do manage to become successful? Their success is not accidental nor did it happen by chance. These young entrepreneurs prove that success is possible despite the odds. Everyone — from the young budding business person to the one looking to get out of debt — can learn something from these savvy upstarts.

1. William Zhou, Co-founder and CEO of Chalk.com

    Lesson: Connect and care.

    Chalk.com is described by Forbes as “Microsoft for teachers.” This education-based software company was birthed out of William’s desire to assist overworked, overburdened educators. His company has created software that simplifies lesson planning, assessments, and the evaluation process for teachers.

    The lesson we can learn from William is that it is important to connect and care about your customer. His primary motivation for starting this company was to provide a service to help teachers and not just to earn a great pay check. He ended up doing both.

    2. Brennen Byrne, Co-founder of Clef

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      Lesson: Keep the right people and stay away from the wrong ones.

      Clef is a replacement for usernames and passwords. The technology works through phone cryptography, eliminating the need for passwords and making logging in quick and safe.

      In an interview with AL.com,[2], Brennen cites hiring good people as one of the most important aspects that helps perpetuate his company’s success. This lesson applies in life and especially in business. You must keep good people around you. Conversely, once you find that a person doesn’t fit the company character and vision, nix them quickly. You can’t afford to wait for a person to bloom, nor can you afford to keep an employee who doesn’t support your mission.

      3. Adam Lipecz, Co-founder of Codie

        Lesson: Focus on one idea at a time.

        Codie is a toy robot and web app that introduces and teaches kids how to write code. In an interview with Forbes magazine, Adam describes Codie as being like Legos for architects.

        Adam is an idealist. He has tons of great ideas all of the time. His success has come from learning how to focus on one big idea at a time and incorporate smaller ideas into the larger one. He is confident that he will create a ton of innovative gadgets because he has the discipline to throw all of his time, energy, expertise, and resources into each idea at the appropriate time.

        4. Daniel Fine, Co-founder and CEO of Team Brotherly Love and The Fine Companies

          Lesson: Passion and drive are essential to sustaining long-term success.

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          Daniel Fine is founder and CEO of Team Brotherly Love and The Fine Companies. These companies include a sunglass company — “Glass-U”, a medical app — “Dosed”, and a tutoring firm — “NexTutors.” Team Brotherly Love has raised over $2 million for Type-1 diabetes research. Glass-U makes fully-folding sunglasses and is licensed to hundreds of universities. It has been featured at events ranging from The Rose Bowl to Lollapalooza.

          In an interview with the Huffington Post[3], Daniel says that passion and focus are the two keys he attributes to his success.

          “Those are probably the two most important things that if anybody has they’ll be able to achieve something. You need the passion and the drive in order to achieve something. Early on, you can create things without being incredibly passionate about it but you can’t consistently create things without being passionate about it. Focus is probably the next thing by a very, very close shot. The focus and drive overlap are two things that are just so necessary for you to be able to create what you’re shooting for. “

          5. Sam Shames, Co-founder of Embr

            Lesson: Your must work hard, but your work should capitalize on your strengths.

            Sam Shames is not new to success. From his college days as a star wrestler at MIT to his inclusion as one of Forbes’ 30 under 30[4] in 2015, Sam knows how to win. As a student at MIT, Sam engineered the core technology for his signature product: Wristify. Wristify is a wearable device that helps regulate temperature. It recreates the relief you feel when you warm your hands by the fireplace in the winter, or the cooling sensation you experience when you pour cold water over your head on a scorching summer’s day.

            Sam believes that you should do what you love and it should be something for which you have a natural aptitude. He was built for everything he does. Sam believes in embracing and leveraging his unique set of skills, abilities, and aptitudes. He embraces hard work but believes that work shouldn’t go against your grain and should capitalize on your strengths.

            6. Nanxi Liu, Co-founder and CEO of Enplug

              Lesson: Go “all in” with your eyes wide open.

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              Enplug is technology that transforms any digital display (TVs, jumbotrons, billboards) from a static, one-way communication channel into an interactive and real-time display.

              The entrepreneurial life is notoriously filled with risks, stresses, and sacrifices. Investing your life into a company at a young age is risky but the idea of taking risks is the fuel that propels successful entrepreneurs to keep moving forward. They don’t want, nor do they expect, failure but they understand it is a part of the process. To them, failure is a bump in the road- not the end of it. Expect it. Embrace it.

              7. Becca Goldstein, Co-founder and COO of Fever Smart

                Lesson: Always look to learn.

                Fever Smart is a non-invasive, real-time temperature monitoring system. It is a preventative solution that enables users to head off potentially dangerous health issues through early detection.

                Becca is a bit different from our other entrepreneurs. She wasn’t quite sure what she wanted to do with her life so instead of staying in college she took a year off to travel. Why? According to her, she knew she wouldn’t find the answer to the question, “Why am I here?” in a classroom. Becca, like most successful young entrepreneurs, will tell you that she doesn’t know everything but she is open to learning. Her secret to success? She is a true connoisseur of knowledge.

                8. Gabe Blanchet, Co-founder and CEO of Grove

                  Lesson: Master the art of creating win-wins.

                  Grove is built on the belief that all people — regardless of location, climate or season — can grow their own healthy food right where they live. This business empowers people to actively participate in eating healthier while eliminating negative effects to the environment such as soil erosion and contamination of water runoff, and helps slow down the effects of climate change.

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                  Gabe believes in having the best of both worlds. He and his partner are concerned with the state of the environment, mitigating hunger, and providing people with the technology that allows them to be proactive and productive in sustaining their health. They do all of this and they turn a tidy profit. He believes in helping mankind while building a powerful brand through savvy business processes. The takeaway from Gabe’s model is that your business should be a win-win.

                  9. Sarah Tulin, Co-founder and CEO of Oxie

                    Lesson: Don’t discount small ideas.

                    Oxie is an air purifier that you wear. It couples aerodynamic technology with a sleek design to protect users from air pollutants such as traffic smoke, pollen, and germs.

                    This genius idea was birthed after Sarah was assaulted by a huge cloud of bus smoke on her way to work one day. That one event has changed her life. She was able to combine her love and appreciation for fashion while simultaneously fulfilling a need. She believes that ideas — even the small ones — should be explored.

                    10. Caroline Pugh, Co-founder and COO of VirtualU

                      Lesson: Believe in yourself.

                      VirtualU integrates 3D human modeling technology with fitness and healthcare. It enables people to accurately track how their bodies change as they work out. It shows you exactly where you are losing weight and gaining muscle — in 3D! It also is being adapted to help people make more accurate selections when shopping for clothes online.

                      Caroline’s company’s mission is “to blur the lines between virtual space and reality to make the online experience as real as possible.” That is a pretty lofty goal, even for the most tech-savvy individual or company. Yet she states it with conviction and chases it with tenacity. Her mission statement truly is her mission and not just a group of words used to build a smoke screen brand. She believes in herself. She believes in her mission. She surrounds herself with those who believe in her and who push her to work harder and be better. Her belief in herself is what pushes her to keep going and makes the impossible plausible.

                      These are the secrets of ten young entrepreneurs who have beaten the odds. If you have ever felt that you are investing in the dreams and success of others instead of pursuing your own and you decide to start your own business, there is much to learn from these ten successes.

                      Reference

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                      Last Updated on January 21, 2020

                      How to Increase Work Productivity: 9 Ground Rules

                      How to Increase Work Productivity: 9 Ground Rules

                      We all have those days when completing our assigned tasks seems beyond reach. With the temptation of social media, mobile games, and the internet in general—not to mention the constant bustle of people in the office—it’s easy to fall prey to disruptions and distractions at work.

                      So, what can we do about it? How to be productive at work?

                      While we don’t have a foolproof system that can completely eliminate disturbances and diversions, we do have 9 ground rules that can be applied to help give your productivity levels a boost.

                      Keep reading to find out our tips on work productivity.

                      What Does It Mean to Be Productive?

                      How to be productive at work?” is the age-old question plaguing employees and employers alike around the world. Regardless of where you work and what you do, everyone is always looking for new ways to be more efficient and effective.

                      But what does being productive actually entail?

                      Completing more tasks on your list or working longer hours doesn’t necessarily mean you’re being more productive. It just means you’re more busy, and productivity shouldn’t be confused with busyness.

                      Productivity means achieving effective results in as short amount of time as possible, leaving you with more time to enjoy freely.

                      It involves working smarter, not harder. It means refining processes, speeding up workflows, and reducing the chances of interruptions.

                      Productivity is best achieved when looking at your current way of working, identifying the bottlenecks, flaws, and hindrances, and then finding ways to improve.

                      9 Ground Rules on How to Be Productive at Work

                      1. Avoid Multitasking

                      Multitasking can give the impression that more tasks can be accomplished as you’re doing multiple things at once. However, the opposite is true.

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                      Research has shown that attempting to do several things at the same time takes a toll on productivity and that shifting between tasks can cost up to 40 percent of someone’s time.[1] That’s because your focus and concentration is constantly hindered due to having to switch between tasks.

                      If you have a lot of tasks on your plate, determine your priorities and allocate enough time for each task. That way you can work on what’s urgent first and have enough time to complete the rest of your tasks.

                      2. Turn off Notifications

                      According to a Gallup poll, more than 50 percent of US smartphone owners admit to checking their phones a few times an hour.[2]

                      Switching off your phone—or at least your notifications—during work hours is a good way to prevent you from checking your phone all the time.

                      The same applies to your computer. If you have the privilege of accessing social media on your work desktop, switch off the notifications on there.

                      Another good tip is to logout from your social media accounts. Therefore when you feel the urge to check it, you might be swayed because your page isn’t so easily accessible.

                      3. Manage Interruptions

                      There are certain disruptions in the office that are unavoidable such as your manager requesting a quick meeting or your colleague asking for assistance. In order to deal with this, your best approach is to know how to handle interruptions like a pro.

                      Be proactive and inform the people around you of your need to focus. Turn your status on as “busy/unavailable” on your work chat app.

                      If you’re on a deadline, let your colleagues know that you need to concentrate and would really appreciate not being interrupted for the moment, or even work from home if that’s a feasible option for you.

                      By anticipating and having a plan in place to manage them, this will minimize your chances of being affected by interruptions.

                      4. Eat the Frog

                      Mark Twain once famously said that:

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                      “if it’s your job to eat a frog, it’s best to do it first thing in the morning. And if it’s your job to eat two frogs, it’s best to eat the biggest one first.”

                      What this basically means is that you should get your biggest, most urgent task out of the way first.

                      We all have that big, important task that we don’t want to do but know we have to do because it holds the biggest consequence if we don’t complete it.

                      Eat the frog is a productivity technique that encourages you to do your most important, most undesirable task first. Completing this particular task before anything else will give you a huge sense of accomplishment. It will set the ball rolling for the rest of the day and motivate you to eagerly complete your other tasks.

                      5. Cut Down on Meetings

                      Meetings can use up a lot of time, which is time that can be used to do something useful.

                      You have to wait for everyone to arrive, then after the pleasantries are out of the way, you can finally get stuck into it. And sometimes, it may take a whole hour to iron out one single issue.

                      The alternative? Don’t arrange a meeting at all. You’ll be surprised at how many things can be resolved through an email or a quick phone call.

                      But that doesn’t mean you should eliminate meetings altogether. There are certain circumstances where face-to-face discussions and negotiations are still necessary. Just make sure you weigh up the options prior.

                      If it’s just information sharing, you’re probably better off sending an email; but if brainstorming or in-depth discussion is required, then an in-person meeting would be best.

                      6. Utilize Tools

                      Having the right tools to work with is crucial as you’re only really as good as the resources you have at your disposal. Not only will you be able to complete tasks as efficiently as possible, but they can streamline processes. Said processes are essential to a business as they manage tasks, keep employees connected, and hold important data.

                      If you’re the manager or business owner, ensure your team has the right tools in place.

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                      And if you’re an employee and think the tools you currently have to work with aren’t quite up to par, let your manager know. A good team leader understands the significance of having the right tools and how it can impact employee productivity.

                      Some examples of tools that could be used:

                      Communication
                      • Slack for team chat and collaboration.
                      • Samepage for video conference software.
                      • Zendesk for customer service engagement.
                      Task Management
                      • Zenkit for task and project collaboration.
                      • Wunderlist for listing your to-do’s.
                      • Wekan for an open source option.
                      Database Management
                      Time Tracking
                      • Clockify for a free tracker.
                      • TMetric for workspace integrations.
                      • TimeCamp for attendance and productivity monitoring.

                      You can also take a look at these Top 10 Productivity Tools to Help You Achieve 10x More in Less Time.

                      7. Declutter and Organize

                      Having a disorganized and cluttered workspace can limit your ability to focus. According to researchers, physical clutter can negatively impact your ability to concentrate and take in information.[3] Which is why keeping your work environment well ordered and clutter-free is important.

                      Ensure you have your own system of organization so you know what to do when the paperwork starts to pile up.

                      Being organized will also ensure that you know where to find the appropriate stationery, tools, or documents when you need it. A US study reveals that the average worker can waste up to one week a year looking for misplaced items.[4]

                      Here’s a useful guide to help you declutter and organize: How to Declutter Your Life and Reduce Stress (The Ultimate Guide)

                      8. Take Breaks

                      Taking regular breaks is essential for maintaining productivity at work. Working in front of a computer can lead to a sedentary lifestyle which can place you at a higher risk of heart disease, diabetes, and obesity. Even a 30 second microbreak can increase your productivity levels up to 30 percent.

                      As well as your physical health, breaks are also crucial for your mental and emotional wellbeing. That’s because your brain is like a muscle, the more it works without a break, the easier it is for it to get worn out.

                      Ensuring you actually take your breaks can prevent you from suffering from decision fatigue. It can also help boost creativity.

                      Take a look at this article and learn why you should start scheduling time for breaks: The Importance of Scheduling Downtime

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                      9. Drink Water

                      Although we know we should, it’s easy to forget to drink enough water during the working day.

                      Many of us turn to tea or coffee for the caffeine hit to keep us going. However, like taking breaks, drinking water is essential for maintaining productivity levels at work. It’s simple and effective.

                      Not drinking enough water can lead to dehydration and also headaches, tiredness, and weight gain.

                      A good tip to avoid dehydration is to keep a water bottle at your desk as it can serve as a reminder to constantly drink water.

                      If you find the taste of water a little bland, add some fruit such as cucumber or lemon to give it a better taste.

                      You can also get more ideas on how to drink more water here: How to Drink More Water (and Why You Should)

                      The Bottom Line

                      The preceding 9 ground rules on work productivity aren’t the be-all, end-all. You and the company you work for may have other tips on how productivity is best increased and maintained.

                      After all, it’s something that can be perceived differently depending on the exact job and work environment.

                      In saying that, however, the 9 ground rules serve as a good foundation for anyone finding themselves succumbing to disruption and distraction, and are looking for ways to overcome them.

                      A good tip to keep in mind is that change doesn’t happen overnight. Start small and be consistent. If you slip up, just dust yourself off and try again.

                      Developing habits happens gradually, so as long as you keep up with it, you’ll soon start to notice the changes you’ve been making and eventually enjoy the fruits of your labor.

                      More About Boosting Productivity

                      Featured photo credit: Cathryn Lavery via unsplash.com

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