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10 Things You Realize When You Start Your Own Business

10 Things You Realize When You Start Your Own Business

If, like me, you have been an employee your whole life, and your immediate family have all been employees, jumping off of the employee treadmill and starting a small business is going to turn your mind inside-out in some pretty profound ways.

In fact, you might spend the first year or so of your new career spinning your wheels with a deer-in-the-headlights look, and therefore not getting a whole heck of a lot done. That’s okay; it’s why God created unemployment benefits and temp jobs. And don’t worry; you’ll get the hang of it.

Here are some of the things that have melted my mind:

1. When you start your own business, you’ll never, ever have to go job hunting again. Ever.

Sure, there may be times when you’re tight on cash and have to work at a café or take on some freelance projects for a little while just so you can eat, but this is totally different from thinking of a job as being a long-term “career”. You know that this job a tactical move to tie you over until your REAL career – your business – picks up again.

(Of course, you probably won’t want to tell that to your temporary boss.)

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2. When you start your own business, you’ll never waste your time and energy making someone else rich again.

You’re working for one person: YOU. And you’re working to make YOU rich. Not Wal-Mart, not the neighborhood repair shop – YOU. Nobody else.

(Okay, maybe the “rich” part hasn’t happened yet, but the potential is there.)

3. When you start your own business, you’ll never have to put up with awful bosses or office politics again.

You may one day BE a crappy boss; and if you are, your business will suffer, so you’ll either learn to stop scaring off your staff or go belly-up. But you can control you. You can’t control your boss or your coworkers.

4. When you start your own business, you’re going to work harder than you ever have in your life … and you’ll love every minute of it.

Why? Because you’re figuring out how to make yourself rich. It’s hard to have that kind of motivation when you’re working for someone else.

5. When you start your own business, other business owners and CEOs become your peers, not your employers.

When you call up technical support, you’ll realize that the CEO of the company who made the product you’re using isn’t just some faceless goon who might show up in the media now and then if they’re famous enough. No, they’re ordinary, flesh-and-blood people, just like you … who started out small, just like you. In fact, if it’s a small company you’re dealing with – say, an iPhone app developer – when you make that technical support call, you might even end up talking to the CEO herself.

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Suddenly, the playing field just got even.

6. When you start your own business, you, and you alone, are responsible for your income.

This means that you’re going to become obsessed with two things: marketing yourself, and keeping your customers happy. No marketing or doing a lousy job means no customers, which means that you don’t eat. You get direct feedback from your efforts.

It’s your butt on the line. Nobody else is going to do it for you.

7. When you start your own business, you’ll find out who your real friends are.

As much as your friends and family may love you, and as much as you may love them back, the ones who are employees are simply not going to “get” what you’re doing. Their butts aren’t on the line like yours is. So while they may offer lip service to supporting you, you can’t rely on them to help you out in meaningful ways.  It’s not their fault; they mean well, but ya gotta actually walk in someone else’s shoes to really understand them.

(Don’t be surprised if you start hanging out with other business owners more than you do your old friends.)

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8. When you start your own business, you’ll realize that you have the potential to be paid what YOU’RE worth, not what the job is worth.

Even if the money part doesn’t happen overnight, it’s hard to describe the feeling when you realize that your income isn’t, by default, limited by the arbitrary amount set by the company you work for.

That “glass ceiling” everybody’s always talking about? Gone!

9. When you start your own business, you’ll learn how to manage your money really, really well.

Forget buying $300 sunglasses or blinging out your pickup with fancy chrome wheels. Since you’re not always going to be able to count on a set amount of money coming in each month, you’re going to think twice before spending your hard-earned cash on anything you don’t need.

At first, expect 99% of your income to go toward paying bills, buying food, or covering business expenses. Anything left over, you’ll probably want to sock away for the next lean month.

10. When you start your own business, you’ll feel freer, smarter, more independent, more resourceful, more in control, and more powerful than you have ever felt in your life.

Economies and governments may collapse, financial systems may fail, but if you’re working for yourself, you know you’ll survive.

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Why?

Because nothing can ever take away your mind, your talents, or your skills, and there will always be someone who wants them.

Your turn: How has starting your own business changed YOUR thinking?

Featured photo credit: Steve Jobs painted portrait / Thierry Ehrmann via flickr.com

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Last Updated on November 5, 2019

How to Use Visual Learning to Work More Effectively

How to Use Visual Learning to Work More Effectively

Knowledge is essential to become successful in life, your career and your business. Without learning new concepts and becoming proficient in our craft, we cannot excel in our chosen careers or archive knowledge to pass down to the next generation.

But content comes in various forms, and because how we learn influences how much we know, we need to talk about learning styles. This article will focus on how to utilize visual learning to boost your career or business.

The Importance of Knowing Your Learning Style

Knowing your learning style enables you to process new information to the best of your ability. Not only does it reduce your learning curve, you’re able to communicate these same concepts to others effectively.

But it all starts when you’re able to first identify the best way you learn.

As a college student, I soon figured out that taking online courses without visual aids or having an instructor in front of me led to poor retention of concepts.

Sure, I got good grades and performed excellently in my online exams. However. I discovered that I couldn’t maintain this performance level because I forgot 80 percent of the course content by the end of the semester.

There are several types of learning styles known to mankind. To give an idea of how visual learning stacks up against other learning styles, here’s a brief mention of some of the different types of learning styles we have.

The four most popular types of learning styles are:

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  • Visual learning style (what this article talks about).
  • Aural or auditory learning style (learning by listening to information presented).
  • Verbal or linguistic learning style (learning that involves speech and writing).
  • Tactile learning style (learning by touching and doing)

But for the purposes of this article, we will be focusing on using visual learning to boost your career or business.

How to Know If You’re a Visual Learner?

When it comes to boosting your career, business (or education), a visual learner is one who would most definitely choose shapes, images, symbols, or reading over auditory messages.

I’m talking about preferring to read an actual map when navigating to a new place over listening to verbal directions. I’m talking about discovering that you actually have trouble remembering what your manager said at the meeting because there were no graphs or illustrations to support the points raised.

Most people who struggle with learning probably aren’t leveraging their best learning styles. The earlier you identify how your learning style can boost your success, the less struggle you will encounter with processing new information throughout your career.

However, visual learning in particular CAN 10x your career or business whether it is your preferred learning style or not. And here’s why:

Several studies have arrived at the conclusion that the brain retains more information with the help of visual aids. In other words, images are directly processed by our long-term memory which helps us store information for longer periods of time.[1]

While some lessons can be performed orally, several concepts can only make sense if you have an image with an explanation of sequences (i.e learning about the human DNA).

Visual learning does use a different part of the brain and visual cues are processed by the part of the brain known as the occipital lobe.

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By engaging more parts of the brain during learning, you’re able to have a fuller understanding of concepts and facilitate better interaction with your immediate environment.

How to Use Visual Learning for Success

Here’re 4 ways to use visual learning to boost your career or business:

1. Bring back the to-do list. Then add shapes and colors to boost productivity.

We live in an age where computers have taken over virtually every aspect of productivity and most human functions. But written lists are making a comeback, and with an endless number of important tasks to complete, having a to-do list of tasks in order of importance can improve your productivity.

While coming up with a list is initially challenging, adding colors and shapes to written lists that you personally write and manage gives you an extra layer of assurance and boosts aids recall so that you actually get stuff done.

I have tried this technique in my work as a registered nurse and discovered that adding shapes and colors to to-do lists helps me delegate tasks, recognize where more work is needed, and makes it easy to cross off completed tasks at the end of the day.

2. Add graphs, charts and symbols to your reports.

Yes, it seems like more work cut out for you. However, graphs enable you monitor the heartbeat of your business.

Graphs and charts help you trend your finances, budget, and pretty much any data overtime. With the help of free and premium software available on the market, it has become easier to take plain data and in a matter of seconds, have relevant information displayed in different shapes and images.

As an entrepreneur, you can make predictions and allocate funds wisely when you’re able to see whether your efforts are rewarded. You can use colors and charts to delegate actions to members of your team and track performance at the same time.

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And when broken down into monthly, quarterly, bi-annual or annual goals, graphs and charts communicate what ordinary text cannot.

3. Effectively brainstorm with mind-mapping.

Mind-mapping is not new but I don’t think it’s been talked about as often as we do to-do lists.

With mind mapping, you’re organizing information accurately and drawing relationships between concepts and pieces from a whole.

Think of a mind map as a tree with several branches. For example, the tree can symbolize healthcare while each branch stands for nursing, medicine, laboratory science, and so on. When you look at nursing, you can further branch out into types of nursing; pediatric, women’s health, critical care, and so on.

It’s an interesting relationship; the more ideas you’re able to come up with for your chosen subject, the deeper you get and the stronger the association.

Mind maps really show you relationships between subjects and topics, and simplifies processes that might seem complicated at first glance. In a way, it is like a graphical representation of facts presented in a simple, visual format.

Mind mapping isn’t only limited to career professionals; business owners can benefit from mind mapping by organizing their online learning activities and breaking down complex tasks into simple actions so that you can accurately measure productivity.

4. Add video streaming to meetings.

What if you could double the productivity of your team members by video streaming your meetings or adding flash animation to your presentation at the same time?

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When you offer video as an alternative method of processing information to colleagues, there is a greater chance of retaining information because we recreate these stories into images in our minds.

For organizations that hold virtual meetings, it can also be an effective way to enhance performance during if people can see their colleagues in addition to flash animation or whatever form of video is provided during the meeting.

Is Visual Learning Better Than Other Learning Styles?

No, that is not the point. The goal here is to supplement your existing dominant learning style with visual learning so that you can experience a significant boost in how you process and use everyday information.

You might discover that understanding scientific concepts are much easier after incorporating visual learning or that you’re able to understand your organization’s value when projected on a visual screen with charts and graphs.

The overall goal is to always be learning and to continue to leverage visual learning style in your career and business.

More About Learning Styles

Featured photo credit: Unsplash via unsplash.com

Reference

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