Thursday, May 21, 2015

5 Necessary Conditions for Entrepreneurial Success



Every week I hear from people desperately trying to become successful entrepreneurs. They inevitably have loads of basic questions that instantly tell me they’ve taken the plunge prematurely and, as a result, have severely limited their chances of making it on their own.
I’m sure that’s not what you want to hear, but if I don’t tell you the truth, then who will? The problem is that’s the wrong way to do it. The hands-down best way to become a successful entrepreneur is to not try to become an entrepreneur in the first place.
Wait, what? That doesn’t make any sense. It sounds like a contradiction.
Au contraire, it does make complete sense. Not only that, it’s the best advice on entrepreneurship you’ll ever get. The thing is, nobody becomes a successful entrepreneur over the long haul by setting out to become one. It happens organically under certain conditions.
The problem is one of competitive markets. Entrepreneurship is about business, and a business that beats the competition and takes off is not so easy to contrive. For a venture to have even a snowball’s chance in hell of making it, several factors have to come together:

Opportunity.

Like it or not, opportunities don’t just pop out of your Mac’s screen and shout, “Here I am!” You have to go out and find them and explore them. Think of opportunities as branches off a tree trunk. You need to get out in the real working world to gain exposure to enough branches. That’s where everything else stems from.

Discovery.

Perhaps the hardest thing about a business is figuring out the right customer problem that needs to be solved. Without that, you’ve got nothing. Usually, that requires significant exposure, expertise, and experience. Otherwise, you’ll never come up with a winning product that beats the competition.

Expertise.

Every successful entrepreneur has some sort of expertise by the time they come up with the product or company that ends up making it. Maybe it was their passion from day one or perhaps they developed it while working for others. Whichever it is, there’s something they can do better than the pack … and BSing isn’t it.

Network.

Whether its equity partners with the right mix of talent, investors, adult supervision, or some combination thereof, successful businesses almost always have several key players involved from the start or relatively early on. That requires a network – not an online one, a real network of real people you meet in the real world.

Savvy.

Not to be cliché, but businesses have lots of moving parts and it’s not easy to get everything working together unless you have some sort of business savvy. There are only three places to learn that: from your family, from business mentors, or by working hands-on in the business world.
Notice that the factors overlap. They’re actually all intertwined. That’s why not setting out to become an entrepreneur but getting out in the world and getting your hands dirty working is the easiest way to someday make it on your own. The real business world is where all those conditions come together. And that’s where most successful entrepreneurs find them.
The only caveat is that I assume you’re looking for some sort of breakout success where that becomes your livelihood and you make a very good living at it. Of course, you can slug it out with a gazillion competitors in a number of small businesses or make a go of it as a solopreneur, but that’s not exactly knocking the ball out of the park, if you know what I mean. 
Look, I know this might be disappointing for some of you, but trust me when I tell you, if you really want to make it big someday, you'll be better served by getting out and getting some experience than banging your head against a wall trying to figure out why things aren't working out for you. 
Steve Tobak

Wednesday, May 20, 2015

10 Truths We Forget Too Easily


It’s surprising how easy it is to lose sight of the important things in life. Busy schedules and weekly routines have a tendency to put the brain on autopilot.
Some of life’s essential truths need repeating. Keep this list handy and give it a read any time you need a boost.

1. Being Busy Does Not Equal Being Productive

Look at everyone around you. They all seem so busy—running from meeting to meeting and firing off emails. Yet how many of them are really producing, really succeeding at a high level?
Success doesn’t come from movement and activity. It comes from focus—from ensuring that your time is used efficiently and productively.
You get the same number of hours in the day as everyone else. Use yours wisely. After all, you’re the product of your output, not your effort. Make certain your efforts are dedicated to tasks that get results.

2. Great Success Is Often Preceded By Failure

You will never experience true success until you learn to embrace failure. Your mistakes pave the way for you to succeed by revealing when you’re on the wrong path.
The biggest breakthroughs typically come when you’re feeling the most frustrated and the most stuck. It’s this frustration that forces you to think differently, to look outside the box and see the solution that you’ve been missing.
Success takes patience and the ability to maintain a good attitude even while suffering for what you believe in.

3. Fear Is the No. 1 Source of Regret

When it’s all said and done, you will lament the chances you didn’t take far more than you will your failures. Don’t be afraid to take risks.
I often hear people say, “What’s the worst thing that can happen to you? Will it kill you?” Yet, death isn’t the worst thing that can happen to you.
The worst thing that can happen to you is allowing yourself to die inside while you’re still alive.

4. Your Self-Worth Must Come From Within

When your sense of pleasure and satisfaction are derived from comparing yourself to others, you are no longer the master of your own destiny. When you feel good about something that you’ve done, don’t allow anyone’s opinions or accomplishments to take that away from you.
While it’s impossible to turn off your reactions to what others think of you, you don’t have to compare yourself to others, and you can always take people’s opinions with a grain of salt. That way, no matter what other people are thinking or doing, your self-worth comes from within. Regardless of what people think of you at any particular moment, one thing is certain—you’re never as good or bad as they say you are.

5. You're Only as Good as Those You Associate With

You should strive to surround yourself with people who inspire you, people who make you want to be better. And you probably do. But what about the people who drag you down? Why do you allow them to be a part of your life?
Anyone who makes you feel worthless, anxious, or uninspired is wasting your time and, quite possibly, making you more like them. Life is too short to associate with people like this. Cut them loose.

6. Life Is Short

None of us are guaranteed a tomorrow. Yet, when someone dies unexpectedly it causes us to take stock of our own life: what’s really important, how we spend our time, and how we treat other people.
Loss is a raw, visceral reminder of the frailty of life. It shouldn’t be.
Remind yourself every morning when you wake up that each day is a gift and you’re bound to make the most of the blessing you’ve been given. The moment you start acting like life is a blessing is the moment it will start acting like one.
After all, a great day begins with a great mindset.

7. You Don't Have to Wait for an Apology to Forgive

Life goes a lot smoother once you let go of grudges and forgive even those who never said they were sorry. Grudges let negative events from your past ruin today’s happiness. Hate and anger are emotional parasites that destroy your joy in life.
The negative emotions that come with holding on to a grudge create a stress response in your body, and holding on to stress can have devastating health consequences. Researchers at Emory University have shown that holding on to stress contributes to high blood pressure and heart disease.
When you forgive someone, it doesn’t condone their actions; it simply frees you from being their eternal victim.

8. You're Living the Life You've Created

You are not a victim of circumstance. No one can force you to make decisions and take actions that run contrary to your values and aspirations.
The circumstances you’re living in today are your own—you created them. Likewise, your future is entirely up to you. If you’re feeling stuck, it’s probably because you’re afraid to take the risks necessary to achieve your goals and live your dreams.
When it’s time to take action, remember that it’s always better to be at the bottom of the ladder you want to climb than at the top of one you don’t.

9. Live in the Moment

You can’t reach your full potential until you learn to live your life in the present.
No amount of guilt can change the past, and no amount of anxiety can change the future. It’s impossible to be happy if you’re constantly somewhere else, unable to fully embrace the reality (good or bad) of this very moment.
To help yourself live in the moment, you must do two things:
  1. Accept your past. If you don’t make peace with your past, it will never leave you and, in doing so, it will create your future.
  2. Accept the uncertainty of the future. Worry has no place in the here and now. As Mark Twain once said, “Worrying is like paying a debt you don’t owe.”

10. Change Is Inevitable -- Embrace It

Only when you embrace change can you find the good in it. You need to have an open mind and open arms if you’re going to recognize, and capitalize on, the opportunities that change creates.
You’re bound to fail when you keep doing the same things you always have in the hope that ignoring change will make it go away.
After all, the definition of insanity is doing the same thing over and over again and expecting a different result.
Life doesn’t stop for anyone. When things are going well, appreciate them and enjoy them, as they are bound to change. If you are always searching for something more, something better, that you think is going to make you happy, you’ll never be present enough to enjoy the great moments before they’re gone.
version of this article first appeared on TalentSmart.com.
Travis Bradberry

Tuesday, May 12, 2015

10 Behaviors of High Achievers


I remember the conversation like it was yesterday. After lobbying to absorb yet another project into my ever-growing engineering group, something was bugging me. “It’s like I can’t get enough,” I confided in my manager. “It sort of scares me.” Finally, I asked, “Am I power hungry?”
“No, Steve, I don’t think you’re power hungry,” my boss replied. “You’re just achievement oriented.”
Relieved, I thanked him for his time and went back to work. It was only later that I realized I had no idea what he was talking about. What the heck does “achievement oriented” even mean, I wondered.   
If it sounds like I was a bit naïve, I’ll cop to that charge. Unlike today’s up-and-comers, we didn’t really spend a whole lot of time thinking about ourselves back in the dark ages. But that never stopped some of us from reaching for the stars, even if we had little understanding of why we did it.
I believe that, among a number of other behavioral elements, explains why certain people are consistently high achievers.

They do without obsessing over why.

The common thread between every successful overachiever I’ve ever known – and I’ve probably known hundreds in the tech industry alone – is that they’re born doers, troubleshooters, and problem-solvers. If something important needs to be done, they’ll figure out how to do it, no questions asked.

They have no patience for the status quo.

If you tell these people how something is done, how it should be done, that it can’t be done, or why it can’t be done, you’re likely to be branded as “part of the problem,” treated with disdain, and shunned. They simply have no tolerance for bureaucrats and negatrons.  

Their passion and drive inspires others.

Let’s face it, it’s like a religious experience sitting in a room with these people or hearing them speak. Once they’ve set their sights on accomplishing a mission, to them, it may just as well be finding the Holy Grail or the true meaning of life on Earth. And I wouldn’t bet against them.

They’re never satisfied with their achievements.

In What They Don’t Teach You at Harvard Business School – a book I recently learned, to my horror, many Millennials have never heard of – Mark McCormack sites profound “dissatisfaction with their own accomplishments” as a defining characteristic of true champions. 

They live for the challenge.

If it’s easy, anyone can do it; so what would be the point? It’s the obstacles that make it fun. That’s why people who accomplish great things don’t let challenges stand in their way. The harder it is, the more they want to do it. That’s the fun part, the gratifying part.

They never admit defeat.

We often note how successful entrepreneurs overcome setback after setback before achieving what they set out to do. That’s actually a double-edged sword and sometimes gets them into trouble. While stick-with-it-ness is an admirable quality, sometimes you’re better off cutting your losses and moving on. Unfortunately, it’s hard to tell the difference.

They need to win ... desperately.

Competition gets a bad rap these days. The problem is people misunderstand it. The need to win isn’t sadistic or personal. It’s not that we want to see the other guy grovel in the sand. It’s just that, for us to win, our competitors have to lose. That’s simply how competitive markets work.

They have a chip on their shoulder.

Accomplishment-oriented people don’t typically concern themselves with why they are the way they are. Nevertheless, they often appear to have something to prove. Usually that stems from growing up with adversity, as we’ve previously observed with respect to Alibaba chairman Jack MaSoftbank CEO Masayoshi Son, and Starbucks founder Howard Schultz.

They are not political players.

Don’t get me wrong: in politics, everyone is a political player. But in the business world, accomplishing and winning is based on merit. That’s why true achievers are not into finger pointing, backstabbing, or hogging the limelight. There’s simply no point.

They’re not necessarily paragons of virtue.

While I’d love to tell you that overachievers never overdo it, we both know that’s not true. Some have a hard time distinguishing ethical behavior from the ends justify the means. And once they start down that slippery slope, look out below. I’m not sure if it’s any consolation, but that usually involves mitigating dysfunction.
As a final thought on the subject, there is a flipside to being so driven to achieve. People like us don’t rest easy. I often quote Robert Browning’s famous line from Andrea del Sarto, “Ah, but a man’s reach should exceed his grasp, or what’s a heaven for?” Always reaching for the stars is like never having a dull moment, but it can be exhausting. It’s definitely not for everyone.   
Steve Tobak

Thursday, May 7, 2015

7 Dark Truths About Entrepreneurship


When you’re thinking about taking the plunge and becoming an entrepreneur, for the first few weeks and months of your entrepreneurial journey, the prospect of being your own boss and investing in your own enterprise is exhilarating. You read stories about overnight successes and other business leaders finally feeling fulfilled in their work and think that you’ll experience the same level of success or fulfillment as soon as you get started.
While these positive and exciting elements of entrepreneurship are certainly true and make the job worthwhile, you have to remember there’s also a dark side to entrepreneurship. It isn’t all fun and games, and those “overnight successes” are almost invariably the product of exhausting behind-the-scenes work and years of practice and failure.
Before you get too excited about being an entrepreneur, temper your expectations with these seven dark truths:

1. You won’t make money right away.

Raising capital for your business is tough, and usually serves as a financial eye-opener to hopeful young entrepreneurs who think business ownership leads to quick profits. The truth is, for most businesses, the first few years of operations are spent getting your infrastructure up and running. You’ll spend more than you’ll generate in revenue, and as a result, you probably won’t receive a paycheck for several months. You’ll have to rely on your personal savings or reserves for basic living expenses and hope things pan out in the future.

2. Your personal life will suffer.

No matter how optimistically you charge into the role or how committed you are to prioritizing your personal relationships, they are going to suffer as you continue building your business. You’ll be working long hours, sometimes at home, and you’ll be on call for resolving business problems on nights, weekends and holidays. You’ll be distracted almost constantly, thinking about the problems your business is facing, and the financial stress you’ll bear will take its toll on your relationships.

3. Trying to juggle everything will take its toll on you.

As CEO of your own business, you’ll wear many hats. You’ll do some of the work you love to do, but you’ll also be an administrator, a supervisor, a technician, an HR manager and a marketer all at the same time. No matter how excited you are to take on these responsibilities at the beginning of your time as an entrepreneur, this constant gear shifting will inevitably wear you down.

4. Your emotions will get the better of you.

There will be times where your emotions well up and get the better of you, even if you try to suppress them or find a healthy outlet for them. You’re too invested in your own enterprise for this not to happen. You may feel depressed and discouraged about your progress, or fearful that you won’t make a profit in a reasonable amount of time. When your emotions get the better of you, you’ll feel miserable and you’ll make worse decisions.  

5. Nothing will happen the way you think it will.

Your business plan might carefully detail out every step you envision for the first few years of your company, but no matter how much research you’ve done, you won’t be able to predict everything. Even the things you can predict won’t happen exactly how you envisioned. As an entrepreneur, you’ll be forced to adapt, sometimes in ways you don’t want to adapt.

6. You’ll make decisions that will haunt you.

As an entrepreneur, you’ll serve as the primary decision-maker for your company and you’ll have to make hard, stress-inducing decisionsthroughout your tenure. Some of those decisions will stick with you, even if you make the logically correct one. You’ll have to change company direction. You’ll have to part ways with partners. You’ll have to sacrifice part of your vision for the company. You’ll have to fire people.
These decisions are never easy, but must be made, and they will haunt you.

7. You are going to fail.

Your entire company might go under. If it doesn’t, there will be some other failure, massive or minor, that will interfere with your plans and compromise your vision. Failure is an inevitable, and essential, part of entrepreneurship, though realizing this rarely makes it easier to accept. The obstacle of failure is ever present and always daunting when you’re leading a business, and working through that failure is too much for some. However, the ability to recover from failure is what separates super successes from the rest.
I’m not trying to talk you out of becoming an entrepreneur. Entrepreneurship is, and should be, an exciting and rewarding endeavor for anyone who chooses to pursue it. Instead, my intention is to help a new generation of self-starters prepare for the sometimes harsh realities of business ownership so they can better understand the obstacles ahead of them and realistically prepare for the journey.
Jayson Demers

Wednesday, May 6, 2015

12 Ways to Eat Healthy No Matter How Busy You Are


Busy professionals cannot waste a single second of their day. Our bodies need energy to keep moving at that pace. If you often work through lunch and go hours without even breaking for a snack, you may have difficulty concentrating and getting results from the work you’re putting in.
There are a few things you can do to keep yourself healthy while you’re powering through your day. Just a few simple changes can make a big difference in your energy levels, as well as your overall health.

1. Don’t skip breakfast.

As you’re running out the door for your early-morning meeting, the last thing you’re thinking about is stopping for breakfast. But breakfast skipping has been linked with an increase in obesity and diabetes risks, as well as morning moodiness. Here are a few quick, healthy breakfast ideas you can put together at home or once you arrive at the office.

2. Make it convenient.

You likely find you have little time to stop by the grocery store, especially during the workweek. Grubmarket  (love these guys) brings fresh food from local farmers directly to my home and office. Grubmarket’s snack pouches are perfect for keeping on hand when you want a snack. You can also have farm-fresh poultry, eggs, produce, meat, and other items delivered, saving you a trip to the store or farmer’s market.

3. Prepare in advance.

One of the best things you can do is prepare snacks and meals for your day before you leave in the morning, especially if you’ll be working through lunch. But what if there is rarely time to put a meal together in the morning? You can solve this problem by setting time aside over the weekend to prepare snacks and meals for the week. Purchase plastic containers that can be refrigerated or frozen and picked up each morning on the way out the door.

4. Invest in grab-and-go snacks.

Look around your office. If there’s nothing to snack on, you may find yourself shrugging off your hunger for hours or—worse—heading down the hall to the vending machine. Purchase healthy snack-size foods like boxes of raisins or healthy granola bars. Blue Diamond 100-calorie Almond Packs are a great way to get the many health benefits of almonds without eating an entire bag.

5. Don’t eat and work.

Multitasking has been proven to be disastrous to the waistline. Instead of distractedly munching on a salad while you’re working on a proposal, set your work aside and focus completely on your meal. Better yet, take your lunch outside on a nice day and combine the benefits of fresh air with savoring your food. You’ll have a more pleasurable eating experience and return to your desk feeling refreshed.

6. Eat and meet.

While distracted eating may be bad, socializing has its health benefits. Schedule lunch meetings as often as possible to make sure you get a good midday meal in. You could use the opportunity to take team members offsite to get their ideas, meet with clients, or network with local colleagues.

7. Stay hydrated.

Whether you like the taste of it or not, water is an important part of good health. Consider having an in-office water cooler to make it easy for you and your team members to stay hydrated throughout the day. If this isn’t a possibility, keep a small refrigerator in your office to hold bottled water.

8. Choose healthy options at restaurants.

Eating out is inevitable for a busy professional, but you don’t have to settle for greasy fast food options. Almost all restaurant chains have healthy dining options to attract health-conscious customers. To play it safe, stick with grilled instead of fried and choose sides like fruits, soups, and salads over fries or onion rings.

9. Make family dinners a priority.

Evening meals are an important time for families. Make sure you’re home every evening in time to share a leisurely meal with your spouse or your family. If you’re single, schedule regular get-togethers with friends where you enjoy a healthy meal. This will help you maintain a healthy work-life balance.

10. Grocery shop wisely.

Experts recommend spending most of your time in the outer sections of the grocery store when shopping for food. Produce, dairy, meats, poultry, and eggs should make up the majority of your shopping time, keeping you away from the packaged, preservative-filled foods in the center aisles.

11. Choose quality.

Make sure most of your diet includes nutrient-dense foods that let you accomplish more with less. Avoid sugar and empty calories and instead focus on making sure each snack and meal packs as much punch as possible. Remember, you’re going for fueling your body and mind so you can accomplish more.

12. Limit alcohol.

As tempting as it can be to indulge in a happy hour drink after work, it’s one of the worst ways to add calories to your diet. While the occasional drink or two won’t hurt, it’s important to moderate your alcohol consumption, especially if the rest of your diet is severely lacking.
If you take care of your mind and body, you’ll find you’re more productive and have more energy throughout the day. You’ll also keep yourself healthy, which will allow you to avoid visits to the doctor and ongoing illnesses. When you take care of yourself, it is not just your health that benefits -- your business will to.
John Rampton

Tuesday, April 28, 2015

Are You Emotionally Intelligent? Here's How to Know for Sure.


LinkedIn Influencer, Dr. Travis Bradberry, published this post originally on LinkedIn.
When emotional intelligence (EQ) first appeared to the masses, it served as the missing link in a peculiar finding: people with average IQs outperform those with the highest IQs 70% of the time. This anomaly threw a massive wrench into the broadly held assumption that IQ was the sole source of success.
Decades of research now point to emotional intelligence as being the critical factor that sets star performers apart from the rest of the pack. The connection is so strong that 90% of top performers have high emotional intelligence.
Emotional intelligence is the “something” in each of us that is a bit intangible. It affects how we manage behavior, navigate social complexities, and make personal decisions to achieve positive results.
Despite the significance of EQ, its intangible nature makes it very difficult to know how much you have and what you can do to improve if you’re lacking. You can always take a scientifically validated test, such as the one that comes with theEmotional Intelligence 2.0 book.
Unfortunately, quality (scientifically valid) EQ tests aren’t free. So, I’ve analyzed the data from the million-plus people TalentSmart has tested in order to identify the behaviors that are the hallmarks of a high EQ. What follows are sure signs that you have a high EQ.

You Have a Robust Emotional Vocabulary

All people experience emotions, but it is a select few who can accurately identify them as they occur. Our research shows that only 36% of people can do this, which is problematic because unlabeled emotions often go misunderstood, which leads to irrational choices and counterproductive actions.
People with high EQs master their emotions because they understand them, and they use an extensive vocabulary of feelings to do so. While many people might describe themselves as simply feeling “bad,” emotionally intelligent people can pinpoint whether they feel “irritable,” “frustrated,” “downtrodden,” or “anxious.” The more specific your word choice, the better insight you have into exactly how you are feeling, what caused it, and what you should do about it.

You’re Curious about People

It doesn’t matter if they’re introverted or extroverted, emotionally intelligent people are curious about everyone around them. This curiosity is the product of empathy, one of the most significant gateways to a high EQ. The more you care about other people and what they’re going through, the more curiosity you’re going to have about them.

You Embrace Change

Emotionally intelligent people are flexible and are constantly adapting. They know that fear of change is paralyzing and a major threat to their success and happiness. They look for change that is lurking just around the corner, and they form a plan of action should these changes occur.

You Know Your Strengths and Weaknesses

Emotionally intelligent people don’t just understand emotions; they know what they’re good at and what they’re terrible at. They also know who pushes their buttons and the environments (both situations and people) that enable them to succeed. Having a high EQ means you know your strengths and you know how to lean into them and use them to your full advantage while keeping your weaknesses from holding you back.

You’re a Good Judge of Character

Much of emotional intelligence comes down to social awareness; the ability to read other people, know what they’re about, and understand what they're going through. Over time, this skill makes you an exceptional judge of character. People are no mystery to you. You know what they’re all about and understand their motivations, even those that lie hidden beneath the surface.

You Are Difficult to Offend

If you have a firm grasp of whom you are, it’s difficult for someone to say or do something that gets your goat. Emotionally intelligent people are self-confident and open-minded, which creates a pretty thick skin. You may even poke fun at yourself or let other people make jokes about you because you are able to mentally draw the line between humor and degradation.

You Know How to Say No (to Yourself and Others)

Emotional intelligence means knowing how to exert self-control. You delay gratification, and you avoid impulsive action. Research conducted at the University of California, San Francisco, shows that the more difficulty that you have saying no, the more likely you are to experience stress, burnout, and even depression. Saying no is indeed a major self-control challenge for many people. “No” is a powerful word that you should not be afraid to wield. When it’s time to say no, emotionally intelligent people avoid phrases such as “I don’t think I can” or “I’m not certain.” Saying no to a new commitment honors your existing commitments and gives you the opportunity to successfully fulfill them.

You Let Go of Mistakes

Emotionally intelligent people distance themselves from their mistakes, but do so without forgetting them. By keeping their mistakes at a safe distance, yet still handy enough to refer to, they are able to adapt and adjust for future success. It takes refined self-awareness to walk this tightrope between dwelling and remembering. Dwelling too long on your mistakes makes you anxious and gun shy, while forgetting about them completely makes you bound to repeat them. The key to balance lies in your ability to transform failures into nuggets of improvement. This creates the tendency to get right back up every time you fall down.

You Give and Expect Nothing in Return

When someone gives you something spontaneously, without expecting anything in return, this leaves a powerful impression. For example, you might have an interesting conversation with someone about a book, and when you see them again a month later, you show up with the book in hand. Emotionally intelligent people build strong relationships because they are constantly thinking about others.

You Don’t Hold Grudges

The negative emotions that come with holding onto a grudge are actually a stress response. Just thinking about the event sends your body into fight-or-flight mode, a survival mechanism that forces you to stand up and fight or run for the hills when faced with a threat. When the threat is imminent, this reaction is essential to your survival, but when the threat is ancient history, holding onto that stress wreaks havoc on your body and can have devastating health consequences over time. In fact, researchers at Emory University have shown that holding onto stress contributes to high blood pressure and heart disease. Holding onto a grudge means you’re holding onto stress, and emotionally intelligent people know to avoid this at all costs. Letting go of a grudge not only makes you feel better now but can also improve your health.

You Neutralize Toxic People

Dealing with difficult people is frustrating and exhausting for most. High EQ individuals control their interactions with toxic people by keeping their feelings in check. When they need to confront a toxic person, they approach the situation rationally. They identify their own emotions and don’t allow anger or frustration to fuel the chaos. They also consider the difficult person’s standpoint and are able to find solutions and common ground. Even when things completely derail, emotionally intelligent people are able to take the toxic person with a grain of salt to avoid letting him or her bring them down.

You Don’t Seek Perfection

Emotionally intelligent people won’t set perfection as their target because they know that it doesn’t exist. Human beings, by our very nature, are fallible. When perfection is your goal, you’re always left with a nagging sense of failure that makes you want to give up or reduce your effort. You end up spending your time lamenting what you failed to accomplish and what you should have done differently instead of moving forward, excited about what you've achieved and what you will accomplish in the future.

You Appreciate What You Have

Taking time to contemplate what you’re grateful for isn’t merely the right thing to do; it also improves your mood because it reduces the stress hormone cortisol by 23%. Research conducted at the University of California, Davis, found that people who worked daily to cultivate an attitude of gratitude experienced improved mood, energy, and physical well-being. It’s likely that lower levels of cortisol played a major role in this.

You Disconnect

Taking regular time off the grid is a sign of a high EQ because it helps you to keep your stress under control and to live in the moment. When you make yourself available to your work 24/7, you expose yourself to a constant barrage of stressors. Forcing yourself offline and even—gulp!—turning off your phone gives your body and mind a break. Studies have shown that something as simple as an e-mail break can lower stress levels. Technology enables constant communication and the expectation that you should be available 24/7. It is extremely difficult to enjoy a stress-free moment outside of work when an e-mail that will change your train of thought and get you thinking (read: stressing) about work can drop onto your phone at any moment.

You Limit Your Caffeine Intake

Drinking excessive amounts of caffeine triggers the release of adrenaline, and adrenaline is the source of the fight-or-flight response. The fight-or-flight mechanism sidesteps rational thinking in favor of a faster response to ensure survival. This is great when a bear is chasing you, but not so great when you’re responding to a curt e-mail. When caffeine puts your brain and body into this hyper-aroused state of stress, your emotions overrun your behavior. Caffeine’s long half-life ensures you stay this way as it takes its sweet time working its way out of your body. High-EQ individuals know that caffeine is trouble, and they don’t let it get the better of them.

You Get Enough Sleep

It’s difficult to overstate the importance of sleep to increasing your emotional intelligence and managing your stress levels. When you sleep, your brain literally recharges, shuffling through the day’s memories and storing or discarding them (which causes dreams) so that you wake up alert and clearheaded. High-EQ individuals know that their self-control, attention, and memory are all reduced when they don’t get enough—or the right kind—of sleep. So, they make sleep a top priority.

You Stop Negative Self-Talk in Its Tracks

The more you ruminate on negative thoughts, the more power you give them. Most of our negative thoughts are just that—thoughts, not facts. When it feels like something always or never happens, this is just your brain’s natural tendency to perceive threats (inflating the frequency or severity of an event). Emotionally intelligent people separate their thoughts from the facts in order to escape the cycle of negativity and move toward a positive, new outlook.

You Won’t Let Anyone Limit Your Joy

When your sense of pleasure and satisfaction are derived from the opinions of other people, you are no longer the master of your own happiness. When emotionally intelligent people feel good about something that they’ve done, they won’t let anyone’s opinions or snide remarks take that away from them. While it’s impossible to turn off your reactions to what others think of you, you don’t have to compare yourself to others, and you can always take people’s opinions with a grain of salt. That way, no matter what other people are thinking or doing, your self-worth comes from within.
Travis Bradberry

Thursday, April 23, 2015

11 Easy Ways to Save Your Business Big Bucks


When you have a small business -- especially one just starting out -- funds can be really tight. But there are several simple things businesses can do to cut costs and find what is, essentially, free money.
Many of these steps can also save you time, leaving you not only with more money but also with more minutes in the day to work on positioning your business for success. 

1. Go paperless

Instead of printing invoices and checks and dropping them in the mail, consider the many online services available for a variety of business needs.
You can use file-sharing services such as Dropbox or Google Docs, electronic invoices, payments and inventory spreadsheets such as FreshBooks, WorkingPoint or Apptivo, and electronic signature services such as DocuSign to easily share information internally and externally. We often overlook how much paper we waste by printing things that could easily be accessed and shared online.

2. Get cash for cartridges

If you still insist on printing, at least make some money off the ink you’re using.
Some sites or stores offer around $20 for empty ink cartridges. Look into selling or recycling them through Staples, tonerbuyer.com or other services before buying new ones. Twenty bucks a pop can add up fast.

3. Use free forms and software

You can find tons of forms and software products online that cost nothing to try. This not only saves you money up front, but also ensures you end up purchasing the products you liked best in the long run since you were able to test them out first. Docstoc, LegalZoom and Rocket Lawyer are just a few providers that can help.

4. Renegotiate your bundled services

Bundled offers and their value change all the time.
It's worth a five-minute phone call to your service provider to get the latest deal. They'll often make you a very good offer to keep from switching. Also, ask yourself if having the top-tier service -- the fastest Internet, for example -- is a priority, or if you can save by using what's sufficient for your needs.

5. Use connected apps

Many new services work effectively when used together by leveraging cloud-based technologies to sync relevant information.
Services like Nutshell CRM can help consolidate communications by tracking meetings, phone calls, email and more -- and can even sync with your smartphone. Leveraging connected apps where possible can help you use fewer services and save the time required to re-enter data.

6. Have a garage sale for your business

Consider selling older furniture and equipment online.
Something you’ve outgrown could very well benefit someone else so you might as well get some cash for it. OfferUp provides a safe and easy way to buy and sell locally using your iPhone or Android device. If you’re feeling generous, online nonprofits like the Freecycle Network can help you post your unwanted items to give away.

7. Build your business credit

One of the biggest mistakes that new businesses make is only using personal credit for business expenses. By building strong credit in your business’ name -- not tied to your personal credit -- you’ll be able to access more financing and at better rates, which can save serious cash. A free service from Creditera makes it easy to understand, build and protect your business credit.

8. Don’t pay on time, pay early

Did you know many suppliers offer discounts when you pay early or up front? It’s not unheard of for companies to give 10-percent discounts for paying in advance. Negotiate with your suppliers to get the best deal. To give yourself leverage, research what discounts other similar suppliers offer

9. Or...pay later

If you can put your cash to better use to save money (e.g. buying new equipment at a significant discount), take the maximum allotted time to pay your suppliers.
With good business credit, that could be 30, 60 or 90 days. You can even extend your repayment time by paying with a credit card on the due date. This gives you an additional 30 days to use that cash because you get to wait until the credit card payment is due.

10. Refinance for better rates

You may be paying high interest rates because you had poor credit when you initially borrowed money. As you build stronger business credit, you’ll look more reliable to lenders and creditors. Ask them to refinance your existing financing for better rates, or look into more favorable funding options. For example, you could switch from a high-interest merchant cash advance to a bank line of credit.

11. Separate personal and business expenses

This makes it easier to identify and use valuable tax deductions.
Start by opening a business bank account and business credit cards. Interest from a business card may be deductible, but it isn't for a personal credit card -- even if you’re using it to fund your business.
Cutting costs can be easier than you think, and being smart about where to be frugal is crucial to helping your business thrive.
Levi King