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5 Questions To Ask Yourself If You Want To Be An Entrepreneur

5 Questions To Ask Yourself If You Want To Be An Entrepreneur

When people talk about entrepreneurs, they often imagine they are talking about people who are very creative, and who have great vision, and leadership ability. While these traits may be common to many great entrepreneurs, most experts agree that entrepreneurs have five ways of thinking that set them apart from other people. So if you want to know whether you can make it as an entrepreneur, ask yourself the following five questions.

1) Do you relate positively to setbacks?

Steve Jobs once said, “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”

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Setbacks are a reality of every entrepreneur’s life and this is one of the most challenging aspects of entrepreneurship. The truth is that most people aren’t up to these challenges, and when such challenges arise, react to them negatively instead or perservering. While it is true that setbacks can delay your progress, true entrepreneurs see the benefit of them. To them, they are an opportunity for receiving feedback, or for identifying weaknesses in their strategy or in themselves. They then take appropriate steps to make sure these setbacks don’t happen again.

2) Do you value risk?

One of Mark Zuckerberg’s most famous quotes is, “The biggest risk is not taking any risk… In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” If there is no risk involved in what you’re doing, then chances are there’s not much reward either. The challenge here is to differentiate between risks that you can measure, manage and minimize with whatever resources you have, and risks that are likely to have a detrimental effect on your business. If you see all risk as bad, then you aren’t ready to quit your steady corporate job right now.

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3) Can you break big things down into small pieces?

This relates both to problems and large tasks. Sure, you need to see the big picture. However, the ability to see a large thing as simply the sum of its parts is an invaluable skill. Problems will no longer be insurmountable, as you can break them down into manageable parts. Large tasks will feel more doable and you’ll be less prone to procrastination.

4) Do you make decisions based on your heart or your head?

Because you’re creating something from scratch, you don’t have the luxury of putting off or prolonging decisions. If you take a long time to make decisions, chances are you overthink things. Most entrepreneurs feel their way through things and make quick decisions based on their intuition, rather than their head. Learn the art of quick decision-making. Learn to give yourself a 2-minute deadline in order to prevent over-analysis. Don’t ask advice from too many people, as this will simply lead to information overload. Instead get advice from experts or people who have the same perspective as you.  Blink by Malcolm Gladwell is an excellent source of information on quick decision-making.

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5) Are you willing to accept that you’ll have to change?

As an employee, you know what you have to do every day. There are schedules, meetings and reminders to keep you on task. As an entrepreneur you won’t be tied to a desk. Your business is your life. It’s who you are, and to a large extent, what defines you. The difference between wanting to run your own show and actually running your own show is mindset, so if you’ve been in full-time employment for a while, your mindset will have to change. This may mean undergoing some personal development, such as NLP, or finding a mentor to help you along the way.

There are many rewards that go with being an entrepreneur; being your own boss is something most people dream of. But before you go ahead and quit your day job, make sure you’re up to the task.  

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Featured photo credit: Steven Depolo via flickr.com

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Linda Paull

Linda is a passionate writer who shares lifestyle tips at Lifehack.

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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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