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Digg Life: How Social Media Will Change the World

Digg Life: How Social Media Will Change the World
News

    With a very simple concept, Digg.com has changed the fundamental nature of the news media and how millions of people access information. Digg (and its fellow social media sites) democratized the media, and wrenched control of what gets read from the gatekeepers of print and broadcast corporations and gave it to the people. Now, argue about whether this is good or bad, but it’s now a fact of life.

    And someday soon this concept will spread to just about every area of our lives, from politics to entertainment to business to … you name it.

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    Get ready for the democratization of everything, like it or not.

    What Digg Did

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    Digg

      Before we can see how the concept of social media will spread to other areas of life, let’s take a look at what has happened, and why it’s so important.

      In the days before Digg and friends, how did we access news? Through newspapers, magazines, radio and television. And who decided what news there was to access? Editors, and their bosses, publishers and corporations. To some extent — the extent that we still access new through traditional media — this still happens. A small few controls the gates of information to the masses.

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      But then social media came along, just within the last few years, and the gates broke open. Now, the traditional media still covers the news … but now many, many people don’t read or watch the stories through the traditional media outlets. They go to Digg, and see what’s hot. If there’s a story that sounds interesting, we click on the link and read or watch it.

      And who decides what’s hot? The masses. And what’s more, it’s no longer the traditional media stories that are hot. Everyday writers, the bloggers and You Tube masters of the world, can be just as popular as the Dan Rathers and Tom Brokaws. Getting information to the masses depends on how good you are, not who you know.

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      Digg story

        How Our Lives Will Become Dugg
        Corporate media is not the only area of life where a small few control the gates of information for the masses — it happens everywhere. The powerful concept of social media will break open those gates — maybe not today or tomorrow, but eventually. It’s inevitable, as once someone decides to offer a Digg-like site for other areas of life, people will undoubtedly want to be in control of their information, and would never give it back to the gatekeepers.

        What areas of life will be affected? Here are just a few examples:

        • Music: Controlled right now by corporate production companies and distributors, and fed to us by radio stations and music television (MTV, et. al.), music is already becoming freer through peer-to-peer networks. Though the legal battles will continue for years, because of the huge amount of money involved, it is impossible to catch and prosecute every person who downloads music. The business structure of the music industry is already changing, and will eventually change completely. But who will decide what music is popular? The masses, through a Digg-like social interface. And it will be open to all musicians, not just ones with record deals.
        • Movies: Also controlled by corporate production and distribution systems, movies are already becoming socialized through sites like You Tube. Soon DVDs will become obsolete as entire movies become distributed through You Tube-like sites, and the popularity of movies becomes Digg-like. And as more filmmakers turn to self-publishing on the Internet, just as writers do on blogs, it will no longer require a production and distribution company will millions of dollars to make a successful film.
        • TV shows: Same as movies.
        • Politics: But our government is already democratized, right? Sure. We elect officials every two or four years, but who votes on each individual proposal? The gatekeepers. A Digg.gov site will allow the masses to decide on issues, rather than having politicians do it for us. And those who are afraid of the masses deciding on issues are not truly in favor of a democratic government.
        • Marketplace: Who controls what clothes are available to us? Clothing companies and department stores. Social media can change that — imagine a digital marketplace where you can go to see what clothes are hot. What about cars? Restaurants? Gadgets? Books? As you can probably tell, these things are already starting to happen with sites like Amazon and eBay.
        • Work: Who controls what work we do and how we get paid? Traditionally, the corporations and managers — the gatekeepers of decisions and money and information. But what if your work was run by a Digg-like site? Where business decisions, project decisions, pay and benefits and workplace environment decisions, were all made by the masses of the company? That’s hard to imagine in traditional companies. But consider that these days, many people are working remotely, as free-lancers or consultant or telecommuters. If work becomes less centralized, and more spread out and free (as in free-lance, not free beer), why does a central person or group of people need to control all decisions? If a group of free-lancers begins to democratize their work, this idea could have much more appeal than the traditional corporate structure … and once people have their work under their own control, they are less likely to want to go back under the control of the gatekeepers.

        These changes, again, won’t happen overnight. But the winds of change are already obviously blowing in this direction, and once people get a taste of freedom, they aren’t likely to want to stay under the control of a few.

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        Last Updated on October 18, 2018

        10 Key Characteristics of a Highly Successful Entrepreneur

        10 Key Characteristics of a Highly Successful Entrepreneur

        When it comes to starting your own business and pursuing your dream of becoming an entrepreneur, it can be advantageous to go all in and embrace the flexibility of finally quitting your day job.

        Keep in mind, though, that it takes a special kind of person to take the business world by storm: a person who has cultivated the key characteristics of entrepreneurial success.

        People with these characteristics are likely to succeed, whereas people without them have difficulty moving forward with even the most brilliant business ideas.

        These characteristics of an entrepreneur are so important that I’ve decided to cover all 10 of them in detail so that you can start your business with your best foot forward.

        1. Successful Entrepreneurs Practice Discipline

        Plenty of business experts claim that you can’t get anywhere as an entrepreneur without vision or creativity, but that’s simply not the truth. Instead, the one quality that no entrepreneur can be successful without is discipline.

        To build an idea into a business, you have to have the discipline to spend time slogging through the least fun parts of running a business (like the bookkeeping), rather than taking that time to do something fun.

        Andrew Carnegie, one of the most financially successful Americans of all time, grew up working dull and difficult jobs in factories. Despite going to bed hungry some nights, he continued doing his best work. He was eventually hired by a railroad company and continued to move up the ladder until starting his own successful businesses. Carnegie is a fine example of an entrepreneur dedicated to discipline and hard work. He truly earned his dreams of prosperity and success.

        When you’re the boss, there’s no one to keep you at work except yourself — and there’s no short-term consequences for skipping out early.

        Sure, if an entrepreneur plays hooky enough he knows that the business just won’t happen, but it’s very hard to convince someone that ‘just this once’ won’t hurt (and to keep ‘just this once’ from becoming a daily occurrence).

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        2. Successful Entrepreneurs Keep Calm

        Things go wrong when you run your own business.

        Most entrepreneurs go through crises with their businesses — and more than a few wind up with outright failures on their hands. But when you’re responsible for a business, you have to be able to keep calm in any situation. Any other reaction — whether you lose your temper or get flustered — compounds the problem.

        Instead, a good entrepreneur must have the ability to keep his cool in an emergency or crisis. It may not make the problem easier to solve, but it certainly won’t make it harder.

        Honestly, losing your calm is a quick path to becoming the kind of person who gives up in the face of adversity. Instead giving in to frustration, remember classic entrepreneur Benjamin Franklin.

        Franklin kept his calm as he experimented and tweaked his inventions again and again in pursuit of success. He didn’t give up during his many failures – he chose to innovate. You can choose innovation, too.

        If an entrepreneur can handle failure without frustration or anger, s/he can move past it to find success.

        3. Successful Entrepreneurs Pay Attention to Details

        Restricting your attention to the big picture can be even more problematic than ‘sweating the small stuff.’

        As an entrepreneur, unless venture capital has magically dropped out of the sky, a small expense can be a killer. It’s attention to detail that can make a small business successful when it has competition and it’s attention to detail that can keep costs down.

        Attention to detail can be difficult to maintain — going over ledgers can be tedious even when you aren’t trying to pay close attention — but keeping your eye on a long-term vision is just asking for a problem to sneak in under a radar.

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        After a business grows, an entrepreneur might be able to hire someone to worry about the details. In the beginning, though, only one person can take responsibility for the details.

        Skeptical about the importance of details? Look no further than Howard Schultz, who grew a small coffee shop called Starbucks into one of the most globally successful coffee businesses in the world through his extreme attention to detail.

        He is famous for taking all aspects of growing a business into account, paying attention not only to financially smart business decisions, but also focusing on socially responsible business decisions. Details can take you far.

        4. Successful Entrepreneurs Embrace Risks

        No entrepreneur has a sure thing, no matter how much money s/he stands to earn on a given product. Even if a product tests well, the market can change, the warehouse can burn down and a whole slew of other misfortune can befall a small business.

        It’s absolutely risky to run a business of your own and while you can get some insurance, it’s not like most investment options. Even worse, if something does go wrong, it’s the entrepreneur’s responsibility — no matter the actual cause. In order to deal with all of that without developing an ulcer, you have to have a good tolerance for risk.

        You don’t need to channel your inner frat boy and take on absolutely stupid risks, but you need to know just how much you can afford to risk — and get a good idea of how likely you are to lose it. If the numbers make you uncomfortable, the risk is too great.

        Embracing risks is essential for growth and additional success, as well. Walt Disney, for example, could have stayed comfortable with his advances in the film and animation industries, but decided to expand his brand with a new dream: a theme park that soared above the competition. Without taking this risk, the incredibly successful Disney theme park empire would never have come about.

        An entrepreneur has to be willing to accept pretty big risks, with some level of comfort.

        5. Successful Entrepreneurs are Balanced

        You can take any characteristic too far. There’s a point at which attention to detail can become obsession or calm can become unemotional response.

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        As an entrepreneur, you have to be able to balance your characteristics, getting the most of them without going over the edge. But balance for an entrepreneur goes far beyond keeping your characteristics in check, though.

        Just as an entrepreneur doesn’t have a boss to keep them at work when necessary, they don’t have one to send them home when they’re done. If you are working for yourself, you have to decide how to balance your work and home life — and if you have a day job to add into the equation, balance just gets more complicated.

        Oprah Winfrey, one of the most successful and influential entrepreneurs out there, understands the importance of balance. Winfrey has a lot going on; she runs her own media kingdom, acts, produces films, publishes print, and more. In an interview with Fast Company,[1] she talks about her efforts to balance priorities and self care, saying that she must ask herself what is truly important in each limited day.

        You may or may not have as much on your plate as Oprah, but learning how to balance whatever you have going on in life will certainly help you farther along down the road as you learn to be a great entrepreneur.

        6. Successful Entrepreneurs are Passionate and Motivated

        In order to develop any of the above characteristics, you must have a foundation of passion. Staying disciplined day after day during the building of your business takes unrivaled motivation.

        Before you start any business, ask yourself if you can sustain true excitement about your idea during even the darkest days ahead of you. If the answer is yes, then good for you! Nurture your natural motivation by taking these action steps throughout your business journey:

        • Commit to making short and long-term goals. Check in with them often to stay on task.
        • Have a plan in place for the inevitable days when you feel discouraged. Make a list of things that will help keep you motivated and focused.
        • Share your ideas with trusted individuals who are just as excited as you are. They will help keep your enthusiasm rolling even when you are feeling down.

        By being prepared for apathetic days and holding fast to your authentic passion, you can actually enjoy your journey to success.

        7. Successful Entrepreneurs Adapt

        Remember this one word: flexibility. Seasoned entrepreneurs know that change is not only a part of life, but also a part of the business world. Expect change and choose to adapt.

        As a new entrepreneur, it will be tempting to cling to your original business plan with no exceptions, even if you notice it isn’t working. Good entrepreneurs know that it’s okay to make smart, informed changes in order to ensure efficiency.

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        8. Successful Entrepreneurs are Marketing and Sales Experts

        No matter what kind of business you are starting, a knowledge of marketing and sales will save you many headaches. A passion for creating a beautiful handmade lifestyle product is not enough to run a successful lifestyle brand; it is critical that you understand key business principles in addition to your natural skills or great product line.

        Not sure how to start? Taking business courses is a great idea, but you can also easily brush up on sales and marketing through free online resources. Check out these 10 Sales Skills Everyone Should Master To Be Successful to begin now.

        9. Successful Entrepreneurs Have Strong Money Management

        Along with sales and marketing skills, money management is a very useful tool in the box of the entrepreneur. Understanding how to best manage your money can be the difference between early success and early failure in the business world.

        If money management isn’t your strongest skill, prepare to hire a financial expert to help you with any tricky business that comes up. Financial guidance and knowledge is never a bad idea.

        10. Successful Entrepreneurs Ask Questions and Continually Improve

        Pride is a natural human quality, but it’s important to humbly conduct some constructive criticism every now and again on both yourself as a leader and your new business as a whole.

        Assess how things are going and be willing to make positive changes if necessary. Here’re 15 ways to cultivate lifelong learning.

        If you are always improving, then how can you ultimately fail?

        The Bottom Line

        Let me remind you of one important fact: the qualities of an entrepreneur listed here are not exclusively available to some people and elusive to others.

        Although some people may have natural strengths and weaknesses, these qualities can be learned by anyone interested in taking up the entrepreneurial challenge. It might not be easy to change old habits, but it is absolutely possible to cultivate these characteristics in yourself.

        Whether you’re a business owner or an aspiring entrepreneur, with hard work, you can train yourself to develop the qualities that truly determine the entrepreneurial spirit and future success.

        Featured photo credit: Unsplash via unsplash.com

        Reference

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