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Becoming An Entrepreneur: The Ultimate Lifehack

Becoming An Entrepreneur: The Ultimate Lifehack

Entrepreneurship is no business for the weak of heart. It takes certain elements of courage, ambition—even occasional carelessness—to be an entrepreneur in today’s cutthroat world. Given recent economic turmoil for business leaders and freelancers across the globe, it might seem unnerving to invest yourself fully in a career path that lacks stability and financial certainty.

But don’t let the times you live in inhibit your potential. If you feel the pull for creative ingenuity and vocational freedom, allow yourself to explore the exciting world of entrepreneurship. Although the global economy has seen better days, the incredible richness of technological and business advances makes now one of the best times to be an entrepreneur. If you’re on the fence and unsure about the benefits of such a move, you’re already on the right track: thinking about risk and reward will serve you well in this industry. So you want to be sure you’ll get a good ROI on this venture? Let’s talk about why becoming an entrepreneur is the ultimate lifehack.

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Complete Autonomy

We’ve all experienced that moment when you, seated at your desk in a pale cubicle, listening to the chatter of keyboards surrounding you, drift off into a fantasy in which you are your own boss and can work on your own terms.

Maybe it’s time you set your dreams in motion. According to a recent study, entrepreneurs who run their own business are 50% more satisfied with their jobs. Working on your own ideas may require more effort, but if you’re doing something you yourself have prioritized, it may not seem like work at all. The autonomy of having your own business plan and organizing things the way you want can have seriously beneficial effects, not just on your wallet, but on your overall well-being and happiness.

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Make A Difference

It’s easy to be skeptical about the value an upstart entrepreneur can provide for society, since many tend to associate entrepreneurship with “moneymaking,” even greed. But your empathic values need not conflict with your business desires. There are plenty of examples of entrepreneurship creating opportunities for start-ups and NGOs that can create real and effective change in the world.

In fact, this is one of the things that make entrepreneurship so exciting: the ability to make your mark in exactly the way you want. No one wants to spend their life churning away on a hamster wheel, creating things that they see as completely pointless. Take the bull by the horns and create the impact on the world you want to see, whether it’s in the economic or the social sector.

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Resiliency

There’s no doubt about it, entrepreneurship requires durability in the face of failure. All great business leaders at some point have suffered from great disappointment, and if you choose to embark on this tenuous voyage you will at times experience defeat.

But there are a few things worth keeping in mind regarding this. Firstly, you will never be alone. Good friends and family members will help you out when times get tough, and you can count on feeling exceptional when you at last achieve success and are able to pay them back double for their generosity. There are even certain governmental programs that can help you out if you do not have the support of friends and family. Lesser-known services provided by the U.S. government can help you keep your business priorities on track, even if you reach the absolute pits of business misfortune.

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Being an entrepreneur may be the ultimate lifehack, but it’s also one of the most difficult codes to crack. Take heed of the dangers, but also keep in mind the many compelling reasons for taking the leap—primarily those listed above. If you can find success in this industry, the rewards you reap will be greater than even your wildest cubicle daydreams.

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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