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10 Habits Of The Most Successful Young Entrepreneurs

10 Habits Of The Most Successful Young Entrepreneurs

Success can come in all shapes and sizes. But that doesn’t mean that there aren’t some key aspects to success that everyone should focus on. If you’re a young entrepreneur just entering the business world, or you’re hoping to help an aspiring businessperson reach their goals, keep these 10 habits in mind. After all, every little bit counts when you’re starting your own business. Luck is part of it, but success is mostly due to hard work and determination. Start forming these habits now and you’ll be more likely to succeed in the long run.

1. Find something you’re passionate about.

No one ever created a good company based on something they cared nothing about. It’s impossible to start a business without first being interested in the product or service begin created by the business. Take Fraser Doherty, for example: this young man began a jam business based on his grandmother’s recipes, and now sells his jams in almost 200 stores. Were he not so interested in using a family recipe to make something that he loved, his success would not have been as great.

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2. Devote enough time to your business.

Young entrepreneurs have a lot of advantages, but one disadvantage is that many of them are still in school. This leaves less time to devote to developing their businesses. That being said, an advantage to being young is having a ton of energy. Sacrifice some social time and sleep now, and you’ll benefit in the long run.

3. Focus.

Once you have an idea for your business, stick to it and don’t let anything distract you. It’s easy to lose focus, but ultimately it’s key to starting a solid business.

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4. Ask for help.

There’s no shame in needing help with something. Just because you have a great idea, that doesn’t necessarily mean that you have the know-how to execute that idea and make it a reality. Whether you need investors or a tech developer, surround yourself with people who have the skills that you don’t have.

5. Reflect on your progress.

Like any businessperson, you might have to operate on the basis of trial and error for a while before you find what really works for your company. There’s no shame in changing things around, so take the time to reflect on your progress and make changes accordingly.

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6. Get feedback.

While you might think you have a great idea, your customers may think otherwise. Make sure you talk to customers to get their input on your business as a whole and your products. And while it might help to talk to friends first, eventually you want to talk to people who are completely unbiased towards you and your business. This is the best way to get real information about what your customers are looking for.

7. Stay organized.

You should have a system for organizing paperwork and tracking your business’s progress. Otherwise, you’re going to regret it down the road. Come up with a system and don’t change it unless you absolutely have to.

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8. Don’t let it consume you.

While it’s important to work hard and stay focused on your business, it’s also extremely important to step back sometimes and take a small break. Don’t let your business become your life. Try to make time for leisure activities, or else you will become too stressed, and ultimately your business will suffer as a result.

9. Get the hard stuff done first.

Let’s say you hate meeting with investors. You have to do it, but you really don’t like it. Do that first thing in the morning if you can. You’re more likely to enjoy developing your business on a day to day basis if you get the hard stuff out of the way first and leave the more interesting aspects for the rest of the day.

10. Get creative.

Businesses succeed because they’re different. Yes, you can open up another coffee shop or boutique, but something about them has to be unique. They have to be set apart from every other coffee shop or boutique. Try to find something that draws people in and makes them want to be a part of your business. Innovation is what you’re looking for here.

Featured photo credit: Steve Wilson via flickr.com

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Last Updated on September 20, 2018

8 Ways to Train Your Brain to Learn Faster and Remember More

8 Ways to Train Your Brain to Learn Faster and Remember More

You go to the gym to train your muscles. You run outside or go for hikes to train your endurance. Or, maybe you do neither of those, but still wish you exercised more.

Well, here is how to train one of the most important parts of your body: your brain.

When you train your brain, you will:

  • Avoid embarrassing situations. You remember his face, but what was his name?
  • Be a faster learner in all sorts of different skills. No problem for you to pick up a new language or new management skill.
  • Avoid diseases that hit as you get older. Alzheimer’s will not be affecting you.

So how to train your brain and improve your cognitive skills?

1. Work your memory

Twyla Tharp, a NYC-based renowned choreographer has come up with the following memory workout:

When she watches one of her performances, she tries to remember the first twelve to fourteen corrections she wants to discuss with her cast without writing them down.

If you think this is anything less than a feat, then think again. In her book The Creative Habit she says that most people cannot remember more than three.

The practice of both remembering events or things and then discussing them with others has actually been supported by brain fitness studies.

Memory activities that engage all levels of brain operation—receiving, remembering and thinking—help to improve the function of the brain.

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Now, you may not have dancers to correct, but you may be required to give feedback on a presentation, or your friends may ask you what interesting things you saw at the museum. These are great opportunities to practically train your brain by flexing your memory muscles.

What is the simplest way to help yourself remember what you see? Repetition.

For example, say you just met someone new:

“Hi, my name is George”

Don’t just respond with, “Nice to meet you”. Instead, say, “Nice to meet you George.”

Got it? Good.

2. Do something different repeatedly

By actually doing something new over and over again, your brain wires new pathways that help you do this new thing better and faster.

Think back to when you were three years old. You surely were strong enough to hold a knife and a fork just fine. Yet, when you were eating all by yourself, you were creating a mess.

It was not a matter of strength, you see. It was a matter of cultivating more and better neural pathways that would help you eat by yourself just like an adult does.

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And guess what? With enough repetition you made that happen!

But how does this apply to your life right now?

Say you are a procrastinator. The more you don’t procrastinate, the more you teach your brain not to wait for the last minute to make things happen.

Now, you might be thinking “Duh, if only not procrastinating could be that easy!”

Well, it can be. By doing something really small, that you wouldn’t normally do, but is in the direction of getting that task done, you will start creating those new precious neural pathways.

So if you have been postponing organizing your desk, just take one paper and put in its right place. Or, you can go even smaller. Look at one piece of paper and decide where to put it: Trash? Right cabinet? Another room? Give it to someone?

You don’t actually need to clean up that paper; you only need to decide what you need to do with it.

That’s how small you can start. And yet, those neural pathways are still being built. Gradually, you will transform yourself from a procrastinator to an in-the-moment action taker.

3. Learn something new

It might sound obvious, but the more you use your brain, the better its going to perform for you.

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For example, learning a new instrument improves your skill of translating something you see (sheet music) to something you actually do (playing the instrument).

Learning a new language exposes your brain to a different way of thinking, a different way of expressing yourself.

You can even literally take it a step further, and learn how to dance. Studies indicate that learning to dance helps seniors avoid Alzheimer’s. Not bad, huh?

4. Follow a brain training program

The Internet world can help you improve your brain function while lazily sitting on your couch. A clinically proven program like BrainHQ can help you improve your memory, or think faster, by just following their brain training exercises.

5. Work your body

You knew this one was coming didn’t you? Yes indeed, exercise does not just work your body; it also improves the fitness of your brain.

Even briefly exercising for 20 minutes facilitates information processing and memory functions. But it’s not just that–exercise actually helps your brain create those new neural connections faster. You will learn faster, your alertness level will increase, and you get all that by moving your body.

Now, if you are not already a regular exerciser, and already feel guilty that you are not helping your brain by exercising more, try a brain training exercise program like Exercise Bliss.

Remember, just like we discussed in #2, by training your brain to do something new repeatedly, you are actually changing yourself permanently.

6. Spend time with your loved ones

If you want optimal cognitive abilities, then you’ve got to have meaningful relationships in your life.  Talking with others and engaging with your loved ones helps you think more clearly, and it can also lift your mood.

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If you are an extrovert, this holds even more weight for you. At a class at Stanford University, I learned that extroverts actually use talking to other people as a way to understand and process their own thoughts.

I remember that the teacher told us that after a personality test said she was an extrovert, she was surprised. She had always thought of herself as an introvert. But then, she realized how much talking to others helped her frame her own thoughts, so she accepted her new-found status as an extrovert.

7. Avoid crossword puzzles

Many of us, when we think of brain fitness, think of crossword puzzles. And it’s true–crossword puzzles do improve our fluency, yet studies show they are not enough by themselves.

Are they fun? Yes. Do they sharpen your brain? Not really.

Of course, if you are doing this for fun, then by all means go ahead. If you are doing it for brain fitness, then you might want to choose another activity

8. Eat right – and make sure dark chocolate is included

Foods like fish, fruits, and vegetables help your brain perform optimally. Yet, you might not know that dark chocolate gives your brain a good boost as well.

When you eat chocolate, your brain produces dopamine. And dopamine helps you learn faster and remember better. Not to mention, chocolate contains flavonols, antioxidants, which also improve your brain functions.

So next time you have something difficult to do, make sure you grab a bite or two of dark chocolate!

The bottom line

Now that you know how to train your brain, it’s actually time to start doing.

Don’t just consume this content and then go on with your life as if nothing has changed. Put this knowledge into action and become smarter than ever!

Featured photo credit: Unsplash via unsplash.com

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