5 Mistakes Young Entrepreneurs Can Avoid

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More and more young people are starting out as entrepreneurs right after finishing college. Some even begin their journey into launching their own business after finishing school. While owning a business can be exciting and can go a long way into the growth of the economy, there are some critical mistakes that need to be avoided. 5 mistakes that young entrepreneurs can avoid Lack of knowledge about core clientele: It is important to know who the customers are and will be after the launch of your startup. It is not…

Book Recommendation: The Talent Masters

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Hiring the right people for the right job is one of the most important things you can do as a business leader.  “The Talent Masters: Why Smart Leaders Put People Before Numbers” by Bill Conaty and Ram Charan is in my list of must-read books for leaders at all levels. If you are unable to read the book right now or would like to know more about before reading then take a look at these condensed notes below: THE TALENT MASTERS 1. Talent is the edge By repeatedly putting people…

Goal Setting Tips for Entrepreneurs and Everyday Life

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Why Set Goals? Setting goals helps us achieve what we desire of life and become a success. It helps us maintain our focus and keeps us motivated till we achieve life’s aims.   Goal Setting Tips Some of the benefits of setting goals are mentioned below. Goals enable us to see what is important and sieve it out from what is everyday life. When we are able to understand what is really important, then we automatically tend to have increased focus and clarity of thought, which in turn permits us…

What is Crowdfunding? What You Need to Know

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What is crowdfunding? How does it work? Crowdfunding is a fairly new concept that involves small or large sum contributions or investments by a large number of individuals into a new product or idea. The concept also involves an inherent promise that investors will get first access to the product after it has been fructified. Ideas for crowdfunding can be anything from a novel gift-item, a new video game idea, to some advanced tech gadget. The main aspects of any crowdfunding project are ensuring that people get convinced about the…

Book Recommendation: 21 Irrefutable Laws of Leadership

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Are leaders born or made? I would submit to you that great leaders can be made by following certain rules or laws. In John Maxwell’s “21 Irrefutable Laws of Leadership” he lays out the foundation upon which you can become a great leader.   This book has been required reading at all of my companies.     Here is a list of the laws below. One: The Law of the Lid Leadership ability determines a person’s level of effectiveness   Two: The Law of Influence The true measure of leadership…

Emotional Intelligence of Great Leaders

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The idea of emotional intelligence (EI) has popped up quite a bit recently, with entrepreneurial experts extolling its virtues – the ability to understand and manage the emotions of yourself and others – as vital to growing as an entrepreneur. Emotional intelligence aids in negotiation and collaboration, networking and communication; all important components of building your brand. Without EI, the process is difficult if not impossible. What Is Emotional Intelligence? As stated, the basic definition of emotional intelligence is having both an understanding of and ability to manage your emotions,…

How to Choose Outstanding Employees

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Successful Employees Great leaders know that the key to success is great employees. But how to choose employees that are right for you? These are the people who take that extra step without prompting, and who share your vision to strive for excellence. Like you, they take pride in being the best, and their personal integrity never allows them to submit an imperfect product. They’re there when you expect them to be, and focused on getting the job done. Now, how do you find these people? What’s more, how do you…

4 Must Have Leadership Qualities for Entrepreneurs

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Leadership Qualities for Entrepreneurs The skills to be a successful entrepreneur aren’t quite the same as the skills needed to make a good manager. Leadership qualities for entrepreneurs is something special. Entrepreneurs not only create something that never existed before, they have the ability to get others to recognize their vision and follow them into an unknown future. It’s a specific skill set, but one you can improve upon with practice. Leadership for entrepreneurs takes the following qualities to be successful. Be a Visionary Visionaries look toward the future. Yes,…

4 Telltale Signs of a Nightmare Boss

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Nearly everyone has been there: the nightmare boss. It’s so common that it’s become a trope in nearly every workplace comedy; think Office Space, 9 to 5, Horrible Bosses. What are some of the signs of a nightmare boss that you notice in those shows? Okay, that last one is a dead giveaway, seeing as it’s right in the title. However, it serves as a sign for how normal it is for people to have a terrible boss. Scott Adams made an entire career out of lampooning terrible leadership in…

Good Leaders Ask Great Questions

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I recently read John Maxwell’s newest book Good Leaders Ask Great Questions. In it he states that “good leaders ask great questions that inspire others to dream more, think more, learn more, do more, and become more.” John Maxwell is one of my favorite authors on leadership and regarded by many to be the foremost teacher on leadership. I found the book to be insightful and wanted to share some of the thought provoking questions that, as a leader you should be asking those around you, and questions you should…