8 Musts to Start Your Business With Little to No Capital

Entrepreneurs will often have amazing business ideas, but they put them on hold due to a lack of capital. They assume that their idea will never get far off the ground unless they have major funding behind them.

It seems that every day there is a new startup receiving millions of dollars from venture capital firms, but what you don’t hear about is the several startup failures that burn through millions of dollars only to fizzle out and shut their doors forever.

 

If your idea and plan of execution aren’t well thought out from the beginning, no amount of money can turn it into a winner. Have a great idea but very little money? Don’t let that stop you! Yes, there will be ridiculously long days with little to no sleep. Yes, you are going to be stressed. But those that want it bad enough will make it.

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Success Will Never Come to Entrepreneurs Who Do These 10 Things

13 Productivity Hacks to Help You Get Stuff Done

Want to stack the odds of being a successful entrepreneur in your favor? You can start by taking note of the following 10 things that you should never do.

1. Be jealous or envious

Seeing other people around you succeed should motivate you, even if they are your competitors. You should understand that every single person has the ability to become successful, and wasting time focusing on other people’s success or achievements will just sidetrack your own progress.

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I Sold My Google-Backed Startup for $75 Million Yesterday–and I’m Scared to Death

My most recent startup, Smarterer, was just acquired by Pluralsight–and I’m genuinely scared to death.

It’s not because the acquisition isn’t 100 percent the right outcome. Combining the visions of Smarterer and Pluralsight makes our future nothing short of astronomical, and by being acquired we delivered an incredible financial return for Smarterer shareholders.

So, why am I so scared?

Because we are entering the incredibly complex, insanely demanding, highest-likelihood-of-failure, fourth trimester. It’s the stage of growing a company no one talks about–because in the startup journey, after an acquisition, many consider the story complete. Reporters focus their energy on the next rocketship, and investors go back to hunting other prey. Yet for the company acquired, the journey continues to unfold, and actually, the most challenging mile lies ahead.

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The 3 Decisions That Will Change Your Financial Life

There’s nothing worse than a rich person who’s chronically angry or unhappy. There’s really no excuse for it, yet I see this phenomenon every day. It results from an extremely unbalanced life, one with too much expectation and not enough appreciation for what’s there.

Without gratitude and appreciation for what you already have, you’ll never know true fulfillment. But how do you cultivate balance in life? What’s the point of achievement if your life has no balance?

For nearly four decades, I’ve had the privilege of coaching people from every walk of life, including some of the most powerful men and women on the planet. I’ve worked with presidents of the United States as well as owners of small businesses.

Across the board, I’ve found that virtually every moment people make three key decisions that dictate the quality of their lives.

If you make these decisions unconsciously, you’ll end up like majority of people who tend to be out of shape physically, exhausted emotionally and often financially stressed. But if you make these decisions consciously, you can literally change the course of your life today.

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5 Morning Rituals to Keep You Productive All Day Long

Here are five practical steps to incorporate into any morning routine to optimize your time at the office and maintain productivity all day long:

7 minutes of exercise. Yep, not 10 — just seven. Why? It’s short enough that it won’t impact the rest of your morning routine and long enough to shake off any residual sluggishness from the night before — including that extra glass of wine.

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The Big Lessons I Learned From My First Entrepreneurial Job

Instead of interviewing me, he pitched me on the opportunity: Running a College Pro franchise was a great way for college kids to learn to run their own business over the summer, painting houses and earning tons of money.

I remember my College Pro training fondly. There were PowerPoint presentations about the positive and negative qualities of oil and latex paints and role-playing exercises about pitching house-painting services and answering homeowner objections.

The training culminated in having to paint an actual house. It rained, however, and all I remember doing was eating pizza with the sales manager while he talked about paint-sprayer pricing.

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5 Skills You Must Acquire Before You Can Lead

How to Create Strategic Partnerships That Are a Win-Win

But it takes some skill and hard work to pull off being a leader.

Chances are, you’re already leading in some area of your life, even if not at work. Whether you love leading or feel reluctance in that role, here are five skills I’ve found essential for being the pathfinder in any area of your life:

1. Practice self-reflection.

One of the keys to being a good leader is having the ability to reflect back on decisions made and look at situations, whether good or bad, as lessons.

Once you’ve done so, you can actively apply what you’ve learned. Taking mistakes or failures in stride and moving forward is an essential part of becoming a leader of integrity. Many of these lessons are useful to share with staff and strategic partners. In my case, I’ve found they often apply even to my children.

2. Be proactive rather than reactive.

Successful leaders come to the table prepared for a variety of scenarios and know how to behave when situations fall apart or don’t go according to plan. Preparedness ensures that you’re never in a situation where you can’t offer value or assist in problem solving as needed.

This is simply being proactive. If you’re in a reactive state, chances are you’re not operating from a place of calm; your emotions are leading the charge. The best decisions, however, often result from when your thoughts and emotions work in tandem.

You must always consider not only what’s favorable for the company’s bottom line but also what’s best for the team and the overall morale of the company.

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