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This is How a Woman Became a Billionaire and Changed the World

This is How a Woman Became a Billionaire and Changed the World

Elizabeth Holmes may not be a household name yet, but it is soon to be if her vision pans out. At 19 years old, Holmes dropped out of Stanford in the hopes of revolutionizing the blood testing industry. And her vision is finally becoming a reality 11 years later, as Theranos blood tests are becoming available at select Walgreens locations. Of course this is just a start. The hope is to have Holmes’s labs in hospitals, army bases, and “within one mile of every city dweller”according to (www.fortune.com).

So what exactly is this revolutionizing technology? Holmes keeps the actual technology quite secretive but claims they use “the same fundamental chemical methods” as existing labs. Currently, 10 ml vials of blood must be painfully drawn to run blood tests, but with Theranos, one painless finger prick can deliver up to 70 blood tests. Theranos is hoping to make blood testing convenient and painless, so people can detect and treat illness as early as possible. Not only is Holmes making blood tests painless, she is also making the results transparent by giving people access to their own blood test information.

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Theranos technology can save innumerable lives by enabling early detection of certain diseases and by giving people constant access to what is happening inside their bodies. The hope is to have people tracking blood information the same way they track weight, daily steps, heart rate, and sleeping patterns. Anomalies and testing errors will also become easier to detect with more data points making the information even more valuable.

Curious about how you can apply the philosophy of Ms. Holmes to your life?

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1. She makes short term sacrifices for long term gains

An important part of Holmes’s success is that she was able to make short term sacrifices for long term success. Rather than hastily raise money with investors who were eager for quick returns, she patiently waited to attract investors who understood her mission and long term goals. In addition, she was able to retain 50% of Theranos, now valued at over 9 billion dollars, placing her at 110 on the Forbes 400 list. Unlike many entrepreneurs in Silicon Valley, she isn’t eager to find an exit strategy. Rather, she is eager to continue revolutionizing the diagnostic lab business so that soon everybody can have access to potentially life saving information. This idea seems obvious, but in the moment most people opt for a quick return. Waiting for a reward is difficult, especially when it isn’t guaranteed. But if you can continuously remind yourself of the greater payoff associated with achieving your goals, you’ll be more likely to persevere.

2. She found work that motivated her internally

Although she is the youngest self-made female billionaire, her motivation stems from her desire to profoundly impact humanity not to make money. She believes in using business as “a tool for making change in the world.” This has been said too many times to be meaningful but it is true. The most successful people are motivated by more than solely money. While you may not be able to find meaning in making 1000 copies of a document or entering data, try to understand a way your work contributes to a greater picture.

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3. She automates trivial matters to focus her mental energy on work

Ms. Holmes is a great admirer of Steve Jobs and is known to dress in a black turtleneck each day similar to him. Jobs was known for his black turtleneck look and claimed he liked the “daily convenience and signature style” it offered. While Holmes did not state her reason for dressing the same way each day, other magnates including Mark Zuckerberg also have a signature style partly to reduce the number of unnecessary daily decisions. The idea is the less mental energy you exert towards unnecessary tasks, the more you have to focus on important work.

4. She goes substance free (…. yes this includes caffeine and alcohol)

As noted in Fortune, Holmes seems to follow an ascetic lifestyle. Holmes works 16 hour days, seven days a week, and fuels herself with green juices rather than coffee. She abstains from animal products, caffeine, and even alcohol – a rarity in today’s society. While the majority of Americans wouldn’t consider working before their cup of coffee, perhaps it is worth trying to go a month substance free even if it’s just to prove you can. You may surprise yourself with greater mental clarity by the end.

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Featured photo credit: Forbes via forbes.com

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Published on April 16, 2019

How Self Care Can Help You Live Your Best Life

How Self Care Can Help You Live Your Best Life

When was the last time you did something for yourself?

Whether it was deciding to treat yourself with a little something or travel for some R&R, how often do you practice self-care?

Well, as good as above sounds, there’s a common misconception that many of us have about self-care: that it’s only about indulgence and enjoyment.

However, self-care goes far beyond indulgence. It’s actually about respecting your mind and body, understanding its limits, and being able to take care of every part of yourself, in a holistic way.

And, you really don’t have to go to extreme measures or do anything specific–like meditating or following a plant based diet–in order to practice self-care. You just have to make sure that what you’re doing is in your best interests.

So how can you make that happen?

Below are a few proven methods that will help you become a better version of you. Follow through with these regularly and you’ll be well on your way to living your very best life.

Listen to Yourself

The bulk of self-care is knowing yourself.

This means knowing your body’s limitations, and being in tune with your feelings, emotions and thoughts. So it’s important, then, to know who you are and what you want to do in life, in order to truly say that you know yourself. 

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What is your purpose?

Have you ever thought about this question?

Your purpose doesn’t have to remain the same throughout your life. What you found a purpose in at age 19 would likely be different at age 49.

In your current situation, think about the different roles that you have – as a working professional, a spouse, a partner, a parent, etc.

Do you feel like you are fulfilling your purpose through any of these roles?

All you have to do is ensure that what you’re chasing is meaningful to you; this will bring focus and motivation as you strive to achieve your goals.

If you have your purpose defined, then that’s awesome! You know what drives you and why.

But, if you don’t feel like you have a purpose nailed down, it’s good to start by asking why.

For example, why are you working in your particular job or industry? If the reason is vague or unclear, then your motivational energy will be the same. In which case, you may find yourself not having a direction for where you’re headed in life.

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If you’d like to learn more about finding your purpose, then I recommend you check out this article:

How to Get Motivated and Be Happy Every Day When You Wake Up

Seek Out Continuous Education

Now, this may seem less common when you think of self-care, but lifelong learning is incredibly useful and an important component of taking care of yourself.

It’s Super Practical

Lifelong learning is extremely practical these days and does not require as much effort as it may have in the past. Long gone are the days when you could only find information on something by visiting a library. In this day of the internet, anything you can imagine is at your fingertips.

You don’t need to physically go to a learning institution to learn. You can watch Youtube videos to learn new skills, take online courses to earn a degree, and scroll through an endless amount of articles, books and journals from reputable news and informative sites.

When you’re constantly pushing yourself to learn and take up new things, your mental health also improves. Research shows that an active and engaged mind is responsible for diminishing age-related memory loss and improves overall cognitive abilities.

Your Confidence Will Skyrocket

You’ll also have improved self worth as it teaches you to step outside of your comfort zone, which will undoubtedly improve your confidence.

You’ll also connect better with others by expanding your knowledge base. Learning exposes you to a multitude of new ideas and perspectives that you may have otherwise never considered. This also increases your adaptability. Whether it’s at work or just wanting to adapt to society, your peers, and loved ones, life long learning prepares you to take on new challenges.

You’ll Be More Desired in the Job Market

Another obvious reason for continuous education, is that your employability will also increase.

With the ever changing economy, and huge influences from technology, social media, science etc., job descriptions today are moving targets. Assignments and roles change so quickly in response to changing business demands, it becomes a Herculean task to keep a job description database current.

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In years past, stability was a characteristic of the world of work. Procedures, information, jobs, and organizations were established and provided continuity. Education was completed in the first 14 to 22 years of one’s life, followed by a long career occasionally punctuated by short-term job training.

Today, however, jobs, companies, and technology are disappearing and being created simultaneously. To remain current and maintain a competitive advantage in the human capital marketplace, an individual is challenged to continually learn.

People return to school at every age to enrich their skills and knowledge for their current positions. Some even prepare themselves for new jobs or career changes, moving them forward into new opportunities and technology.

We can be assured that we will be challenged to continue to learn new tasks and information throughout our lives. Successful careers belong to flexible, curious learners who are prepared for opportunities because they know themselves and where they make their best contribution. As Peter Drucker, the father of modern management stated,

“Knowledge is choice.”

Lifelong learning also increases social awareness and perspective. To genuinely understand and empathize with others, increase social awareness, and foster strong interpersonal relationships, it’s important to seek out new perspectives. Enhancing the skills that positively impact emotional intelligence can bring even greater happiness and success, both personally and at work; and, this is all part of self-care.

Improve Your Habits (Both at Work and at Home)

Now, the last piece of advice I want to introduce to your self-care regimen, is to improve your habits.

Habits define who you are, and are built up over time. You are what you eat is a great example of this. If you make it a habit to eat foods that nourish your body, rather than make your body feel bad, then you will be much healthier overall.

Good Habits Allow You to Reach Your Goals

Since habits dictate your days and nights, such as waking up every morning to get to work before a certain time, or brushing your teeth before bedtime every night, they play a major role in whether we do or do not reach our goals.

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When you form habits that allow you to progress towards your goals, you’re automatically living a purposeful day, everyday.

Habits Make Your Time a Priority

How do you spend your free time? Do you opt to lounge on the couch watching Netflix passively, or do you engage in activities that support your purpose in life?

It’s natural to waste a lot of time during the day, but fostering good habits will make you set a pattern for how you spend your time and give you the choice of what you choose to spend your time on. By improving your habits, you’ll find that you can be a LOT more productive. When you create good habits, you become more efficient with your time and a lot less is wasted.

This in essence creates an overall positive influence on your life, allowing you to treat your mind and body well, which is why improving your habits are so important to self-care.

Your Well Being Comes First

We live in such a fast-paced society, where we are often so caught up in our work, families, maintaining our social lives, our studies and everything in between. It’s an understatement to say that life can get a little overwhelming at times.

If you’ve ever watched the safety video onboard a plane, you’ll know that they always ask for a parent or adult to put on the safety mask first, before tending to the child. This may sound selfish, but the fact is that if you truly want to ensure the child’s safety, then your safety needs to come first so that you can protect and care for the child without complications from your end.

The same goes for self-care. We need to ensure that our well being is priority, so that we can be the best for the people around us.

Listening to yourself, practicing lifelong learning and improving your habits are steps that you can take to ensure you’re constantly in the best state of mind, alongside the indulgence and rest that you reward yourself with.

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

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