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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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                      Denise Hill

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                      5 Powerful Ideas on How to Be Productive at Work

                      5 Powerful Ideas on How to Be Productive at Work

                      Not being able to stay productive at work is a problem that everyone runs into at some point; no matter how much you like your job, there are certain factors that prevent you from staying at maximum proficiency throughout the whole day.

                      A lack of productive focus at work can lead to extra stress on yourself, missed deadlines, passed opportunities, raise denial, demotion and even termination.

                      So, if you are someone who has trouble with your productivity, here are five effective tips on how to be productive at work:

                      1. Take breaks

                      First and foremost, it’s important for you to take regular breaks. Trying to work throughout the whole day will tire your brain, which will then cause you to doze off and think about something else.

                      If you keep working your brain, it will fill up and get jumbled with information—sort of like a computer hard drive. Taking a break would be like resetting your computer so that it can start afresh, or de-fragmenting the data so that all the information is in order.

                      This is a great thing because it allows you to solve problems you were unable to solve previously, by seeing it differently; if you are able to organize your thoughts properly, you will be able to take in new information more easily.

                      There have even been studies about methods of saving time and staying proficient, and taking breaks is one of the leading factors.

                      According to Christine Hohlbaum, the author of The Power of Slow: 101 Ways to Save Time in Our 24/7 World, eating lunch away from your work area every day will greatly increase your productivity. Eating in your work area will give you the illusion that you are working, but whether you like it or not, your brain will begin to wander and think of something else and then you will be working tirelessly with no progress.

                      It’s important to take breaks before and during work too: if you come to work in a rush because you woke up late, your mind will not be mentally prepared for the day ahead, and you will spend the first 10 to 15 minutes trying to get organized and composed before you can actually start working.

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                      Instead, you should try to wake up 20 minutes earlier than the time it would take you to “just get” to work. Take that time to stare off into space and not worry about anything.

                      If you do this, your brain will be empty and ready for all the challenges it has coming for the next few hours.

                      If your employer only allows a set amount of breaks during the workday, that doesn’t mean you can’t just get up and walk around for a quick break every now and then.

                      Even if it’s only 5 minutes, it will refresh your brain and you will gain renewed energy to do your job.

                      Learn more about The Importance of Scheduling Downtime.

                      2. Pace yourself and balance your workload

                      One problem that most people run into is that they underestimate the amount of work they have to do, and end up doing 50% of the work in the last 20% of the time they have to do it. This is due to an issue of balancing one’s workload.

                      When you receive a project, or are doing a job you normally do, take some time to really plan out your work schedule.

                      Consider how much time it took you to do this last time; determine how you can break the project into smaller parts and which can only be accomplished on certain days, and whether anything might come up that could interfere with your plan.

                      All of these questions are important for starting on a project, and when answered, they will help you stay productive throughout each day.

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                      For example, if you needed to design a project to map out the amount of aid offered in various regions after Hurricane Sandy, you can break it up as follows:

                      You will need to know what organizations are offering help to begin with, how much aid those organizations gave or plan to give, which regions were hit by Sandy, and which regions suffered the greatest losses.

                      You start this project on a Thursday and know you have until Tuesday to gather this information.

                      In order to stay productive, you need to plan out your work week—now you know you can find out which organizations are involved in helping the Hurricane Sandy Victims any day since that information is online, but gathering information on the organizations may require you to call them.

                      Since phone calls can only be done during week days, you have to plan on gathering all of that information before the weekend comes.

                      That is just one example of a situation in which pre-planning your project will help you stay productive; had you researched the affected regions first, you would not have received the info on the organizations until the weekend, and may have missed your chance to call them.

                      That, in turn, would have wasted time you could have spent working on this project to finish it.

                      Knowing what you need to do, when you can do it, and how long it will take you, is important in balancing your workload and being more productive and efficient.

                      3. Put your work first

                      This is an issue that usually occurs with young people who are new to the workforce: they’re often tempted with offers to go out at midday, and then come back lost in thought and unfocused on their work-related tasks.

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                      While it is important to take breaks, your breaks should consist of you clearing your mind, not loading it up with other less important information—like sports.

                      However, that is not the only situation where you need to worry about putting your work first before all else.

                      In a work environment, the senior employees will oftentimes push some of their menial tasks onto the newer employees. If you fall into that category, you need to know that their work is not your work, so if you have tasks that need to be done, you need to do it first.

                      If you are a new employee, you must learn to say no to other people even when it means you may not be in their good graces anymore. You can help others out once your work is done, but you are paid to do your own work, not anyone else’s.

                      4. Don’t open your browser unless you need them

                      In this day and age, everyone is constantly monitoring their social network. This is a major pain point for companies, which is why many don’t allow employees to access their social networks on company workstations.

                      When you are at work, disconnect the internet from your phone and keep your browsers closed so you’re not tempted to log onto your social media accounts or browse any sites that are not work-related.

                      If you keep your browsers closed and phone tucked away, only to be used in an emergency, you will find yourself being a more productive employee right away. 

                      5. Try to be happy and optimistic

                      If you always have a negative outlook on life, you will be more distracted and less motivated to get work done, so it’s important for you to start your day off right.

                      This can be done by having a good breakfast or by taking time in the morning to watch one of your favorite TV shows before work.

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                      If you are happy, you will find yourself able to work much more productively as your mind won’t wander into worrying about something else.

                      Also, if you stay optimistic and keep telling yourself that you can do whatever you set your mind to, the tasks will seem much less daunting and will go by much more quickly.

                      Take a look at more effective ways to stay positive at work:

                      15 Ways To Stay Positive At Work

                      Happiness and optimism are the keys to being a productive and happy employee.

                      All in all, heed the five tips above and you will find yourself being one of the most productive people at your company.

                      While you do not need to master them all, each and every one of them will help you become a better and more efficient employee.

                      Featured photo credit: Pexels via pexels.com

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