10 Soft Skills Every Entrepreneur Must Have To Succeed

10 Soft Skills Every Entrepreneur Must Have To Succeed

Every business is mostly as good as the owner. An entrepreneur’s qualities determine the growth and success of a business. As an employee, it is more straightforward to handle each specific task assigned to you, but as an entrepreneur, managing tasks is only basic to succeed. There are numerous soft skills a business owner must harness to move to the next level; else, success remains only a vision.

What are Soft skills?

Soft skills are personal traits and habits that shape how you work as an entrepreneur and with others. Effective communication and negotiation, for example, are vital soft skills for any successful business. Some others include active listening, positive mindset, initiative, or networking.

When we talk of hard skills vs. soft skills, we realize that soft skills are essential to personality qualities that can’t be learned from a textbook. In comparison, hard skills are necessary to perform technical tasks in a business.

Top Soft skills every entrepreneur must have to succeed in business

soft skills vs hard skills

10 essential soft skills include:

  1. Initiative
  2. Negotiation
  3. Leadership
  4. Positive mindset
  5. Networking 
  6. Communication
  7. Creativity
  8. Active listening
  9. Discipline
  10. Customer orientation

1. Initiative

To have initiative is to face new challenges flexibly, present ideas, resources, and innovative methods, and combine them to create a new order. An entrepreneur with the initiative is one that always knows when to compromise and make swift decisions. As an entrepreneur, the initiative to face every situation is essential to take your business forward.

Without these soft skills, it becomes very challenging to undertake tasks, especially unexpected tasks. As a team leader and an employer, you have to be able to work independently, take the first step, be adventurous, and be ready and willing to employ new methods/approaches.

2. Negotiation

The constant decrease in sales will put any business owner out of business. Without sales, there is no business. The ability to negotiate excellently comes naturally to some, but it can pretty much be learned with little intentional practices. Each time you converse with customers and clients, your ability to convince and give them a fair deal while getting what you want is the perfect soft skill to make higher sales.

The most vital soft skill that makes up an excellent negotiator is understanding both your body language and your customer’s. In a conversation, body language often matters more than the words spoken. When speaking to a customer, regardless of their stance on a deal, you can usually change their mindset with a show of confidence.

3. Leadership

Leadership is a quality that all entrepreneurs must develop. It is not enough to have a perfect idea or the ideal strategy to go about your business; those are hard skills. An entrepreneur must be able to influence other people’s decisions to accomplish a set goal. This is where we have hard skills vs. soft skills. You should be able to blend your hard skill and your soft skill to succeed in your business.

An entrepreneur should support and motivate others, mostly through exemplary actions and not just words. To demand and to give orders is easy, but the challenge is to show the example as a leader. To be a successful leader and entrepreneur, you must know your team, and they must be able to rely on you for support and morale.

4. Positive Mindset

Some soft skills are more generally acclaimed in a challenging business environment than a positive and optimistic mindset; nevertheless, it is very critical. You should note that a positive mindset isn’t about overlooking mistakes, or ignoring the negative impact of wrong decisions, just to remain positive. It is about the level of resilience and attitude your team brings into solving tasks and problems.

As an entrepreneur, it is vital to create a business environment and culture where change is accepted, embraced, and celebrated. Your team should be made up of resourceful individuals with flexibility and optimism.

5. Networking

The way you present yourself, say goodbye, or start a conversation is critical when building a business. Effective networking can lead to certain levels that few can imagine. Any entrepreneur that attends a networking event and goes unnoticed loses a gold mine of relationships and contacts. Networking is crucial and required to expand opportunities for business and professional growth.

Networking is a soft skill needed to increase your network of professional contacts. Without the right connections, there is no growth, and there is no business.

6. Communication

With the right communication level, you can easily transit the content of a product or an idea to employees, customers, other companies, or partners. As an entrepreneur, you must be aware of the importance of communication as an element of business strategy, and its improvement of the company.

To be an effective communicator, you must consider that every person has their different perception of the world. A business environment where there is an excellent level of communication is an open environment. Make no mistake: a free environment doesn’t just communicate ideas and strategies; it should also improve problem-solving.

7. Creativity

Creativity is one of the most necessary soft skills at a small and large scale because building from scratch with little funds demands to be imaginative in every detail. Also, the changes throughout the exercise require several gifts of imagination to face several unexpected challenges.

Someone capable of adding value to his or her business would be able to adapt and compromise anytime. A creative entrepreneur is one who knows to utilize limited resources to expound growth.

8. Active Listening

Active listening is an essential quality on the soft skills list for an entrepreneur looking to maintain the right level of communication and collaboration between employees, customers, and partners. It is vital for getting feedback from customers. Today, most businesses are customer-centric and are beginning to go to several lengths to pay attention to their customers to meet their needs. An excellent example of this is the famous taxi company – Uber. After complaints and several requests from users, the company added a 911 feature to their application.

When a customer gives feedback with an issue, as a business owner, you have to respond or consider the report if it requires an impending product or service improvement.

9. Discipline

The backbone of successful leadership is the steady discipline that profoundly does its job through both ups and downs. A successful business isn’t all about enthusiasm and passion. Those qualities and drives could deplete at any time, and that’s why every successful business owner, at some point, had to learn the skill of discipline. On the soft skills list, discipline is that skill that keeps you going even when the morale is down – there are days when the enthusiasm to push forward would be down.

At times when others are giving up or relenting to carry on, you as a business owner can’t afford to fall back. You have to keep making that push until you get to the desired level. Discipline is how you carry out every task and manage the business resources, including employees.

10. Customer Orientation

It is necessary to know and understand your customers to offer personalized experiences, and that is where there are enormous difficulties for business owners. Today customers are not a mass; they are individuals with differentiated and specific behaviors and tastes to whom personalized experiences must be offered. This soft skill is key to improving sales, the reputation of the business, and its image. It is required to differentiate the company from competitors

As a customer-oriented business, the customers should come first in the decision making process. To offer your customers personalized services, you and your team must have customers at the center of every strategy at an integral level.

Hard Skill vs. Soft Skill

Hard skills are associated with specific technical training and knowledge, while soft skills are personality traits such as creativity, communication, or a positive mindset. Both skills are necessary to grow and advance in business successfully.

Below, let’s look at the difference between hard and soft skills.

The difference between hard skills and soft skills 

The significant differences between hard skills and soft skills are based on how they are acquired and used in the business and workplace. Hard skills are mostly acquired through specific training and education. They include competencies and abilities like how to use particular software, machine, or another tool. This is knowledge of how to handle a task technically.

While soft skills are seen as personality traits, you may have developed your whole life. They are required when you manage your time, communicate with others, or face difficult situations for the first time. Simply put, hard skills are better explained as your technical knowledge, while soft skills are your overall habits and attitude at work.

Finally

In conclusion, every successful business has its own success story, which can be spontaneous from the outside. Still, it does not necessarily display the qualities and sacrifices made by the owner.

Behind each success story lie an astounding number of soft skills honed until they became second nature. To shape your business story and forge ahead towards sustainable growth, you’ll be grateful to learn and cultivate as many soft skills as possible.

10-Minute Guided Meditation For Success in Business

10-Minute Guided Meditation For Success in Business

“Success in business is 80 percent mindset and only 20 percent skills.” – Tony Robbins

Have you ever thought about the factors that differ successful entrepreneurs from everybody else?

Why do some people get rich so fast while others work hard to make money for a living? Skills? Experience? Maybe. But what if you have knowledge and experience, but still cannot achieve success. There is one secret: mindset.

And if you have problems with your thoughts, regular meditation practices will help you to control them and bring your productivity as well as business to the next level.

“It’s through our meditation practice that we can enter the subconscious and change our unwanted programs. Think of the subconscious as the brain’s operating system. By dropping into the operating system of the brain, we can alter habits, behaviors, and remove emotional scars.” – Joe Dispenza

A lot of well-known entrepreneurs practiced meditation for success. Among high achievers who meditate daily are such leaders as Jeff Weiner, Oprah Winfrey, Katy Perry, Arianna Huffington, and Bill Gates. And it is time for you to do the same.

How it works: everything starts with deep transformations inside of you.

Meditation is not about making some breathing exercises sitting with crossed legs and closed eyes. Meditation is about living a conscious life, feeling these moments and breathing to the fullest. Click To Tweet

Mastering meditative practice you’ll see how much productive, creative, inspired, positive, and happy your life could become.
Then the events around you become different. Your habits, relation to people and perception of daily problems are being changed.

And this is when the whole game changes for you.

Read also: Why to start a business if you are an introvert

Jeff Weiner, the CEO of LinkedIn, said that his success in business was influenced by regular meditative practices. For that reason, he always recommends doing meditation to his employees.

Can you imagine how powerful the meditation can be if you practice it regularly? And it doesn’t mean that you should spend hours on this.

10-minute meditation a day will be enough to raise consciousness, transform your mind, and let the magic happen.

Just imagine all the benefits of meditation:

  • it heals, reduces pain and stresses;
  • meditation reduces anxiety and depression;
  • it improves memory and focus;
  • it improves relation to life and other people;
  • it removes negative reactions on different situations;
  • it brings happiness of living at the present moment

I would like to share with you a step by step guide of a 10-minute meditation that is a part of a powerful Kundalini yoga. Using this easy practice daily you will feel incredible transformations in your personal and business life.

Let’s start.

1. Find a place

10-minute meditation to have success in business

Once you decided to practice meditation find a quiet place at home where no one could disturb you. This will be the place of your energy where you will get recharged and filled with positivity.

You can try meditating in bed but it is not a very good idea. This should be a special place where you can stay focused.

If it is possible, practice when no one is at home or at least in a separate room. Use your headphones not to hear any noise.

My friend told me that her cat loved to sleep at the place of her meditation once she started to practice it. Although this cat has never slept there before. Coincidence?  

Here are more ideas on where you can practice meditation:

  • In the garden
  • Near the river
  • On the balcony
  • On the roof

In fact, it doesn’t matter where you meditate. The most important thing here is that you should feel calm, confident, and relaxed at this place.

2. Take the right position

There is a belief that the Lotus Pose is the most successful posture for mindfulness meditation. It has the power to unlock your energy and calm your mind. Nevertheless, this pose may seem difficult for a beginner. And it is not a must. Here is the list of other meditation poses you can also consider:

 

  • Half Lotus pose

If full Lotus pose is hard to do you can try half lotus pose.

half lotus pose for 10-minute meditation

 

  • Seiza pose

It is more free posture and is perfect for everyone who just starts to practice meditation.

seiza pose for 10-minute meditation

 

In fact, all you need to do is just seating with your back straight. Just train it slowly and you’ll be able to master it with time and practice.

Try to take the position that will allow you to relax. You shouldn’t feel any pain or discomfort in your body. Make sure you sit straight, your head and neck are in line with your spine.

3. Relax

Relaxation of your body and mind affects the effectiveness of the whole meditation process. Try not to control your thoughts flow. It is impossible. 

You are the sky. Everything else – it’s just the weather” – Pema Chödrön

Imagine that you are just an observer of your thoughts. Feel body relaxation.

Close your eyes and start breathing.

Inhale while you count to five.

Exhale while you count to five.

Imagine yourself somewhere far from your home, in a quiet and beautiful place. Focus on deep breathing.

Imagination and visualization will help you to relax.

4. Breath

During the whole 10-minute meditation your task is to breathe deeply and stay calm. 

Breathe in and breathe out slowly and deeply. Deep breathing will help you to relax.  

By the way, proper breathing can help you to cope with stresses and negativity in your daily life. Try to do one exercise 4 times a day – take 1 minute to focus on deep breathing. If you have Apple Watch you know how often it recommends to spend a minute on breathing. So, it is a minute when you should inhale and exhale with your diaphragm to expand lungs. During a stressful situation, such an exercise will help you to feel deep relief and inner peace.

5. Focus on Mantra

focus on mantra during meditation

A mantra is a group of words that are believed to have spiritual power. People usually think that mantra is some magic words. Yes and no. Mantra can have a magic power if you believe in it, understand and feel what you are saying. Moreover, everyone can create their own words mantra.     

One of the most powerful mantras is considered to be Baba Nam Kevalam, translated as “love is the essence of everything”. Easy to remember, right? 

You can focus on these words and repeat them in mind during the whole meditation. Another option is to focus on the meaning of the word “love”. 

Also interesting: Top movies to watch for business motivation

If you feel this mantra is hard to stay focused on here are some more ideas to concentrate on during the meditation process:

  • Your emotions at the moment of meditation;
  • Your body and how you feel;
  • Breathing;
  • Your goals;
  • Thankfulness;
  • White light;
  • Sounds around you.

In most cases, our thoughts are difficult to control. During the meditation, people start thinking about their daily staff, e.g. what to cook for dinner, where to buy a new dress or how to meet the deadlines at work. Teaching you to be present at the moment you live now is the main task of meditation. To take full control over your thoughts is just a matter of time and practice.  

6. Be consistent

You see the results of something when you are consistent in doing it. It concerns all spheres of your life and meditation is no exception. Do it daily for at least 10 minutes a day and you will become more productive, feel better and make the right decisions in your business.

Even when you visit special classes or have coaching sessions for your business, you should always practice the theory alone.

Final thoughts

The power of meditation cannot be underestimated. And this fact was proved by the incredible achievements of well-known business leaders and celebrities. If you decided to start a company or become healthier and happier, practice meditation daily and you’ll see what happens.

Speaking about my personal meditation results I experienced deep transformations inside and these changes influenced the way I run my business. I started to trust people more and it helps me to delegate more tasks. As a result, my productivity raised and business has grown in several times. I feel that I am living the better version of myself and this is what I wish you to feel!

10 minutes a day is nothing in comparison with the results you get. 

Decision Making – The Best Developer Skill

Decision Making – The Best Developer Skill

One of the most undervalued skills a developer needs is the skill of decision making.

It may come to you as a surprise, but it’s definitely one of the most important skills! Yes, coding and constantly updating as developers is essential and part of your lives as developers. However, you’ve got to understand why and how this skill plays such an important role.

The amazing decision making skill is measured in two ways; corrections of actions performed and speed. You’ve got to work on that no matter what. Understand the need for decision making in your work life and how it affects others if not done right. The day you do so, half the decision making battle is sorted!

Decisions | Decisions | Decisions

Here’s a fun fact – About 35,000 decisions are made by an average person each day. This includes personal and professional decisions. You’ve got to understand something; to make decisions correctly, you need to have a strategy in mind, an end goal too.

Imagine, you, a developer who is such a busy person has to deal with these 35K decisions each day plus deal with regular software issues. You really need to buckle up and figure out how you strategize, take little and huge decisions accordingly! If not, you can always sign up for training to develop decision-making skills!

Developing Software and Uncertainty

It may seem like something you don’t really deal with. As a matter of fact, you do! Developers today are facing massive issues solving little glitches, not at work level; beyond that. Check out some instances:

“How long will you take to complete the project?” – Manager

“How much time should we invest in building feature X?” – Stakeholder

“Maybe, we can use X to build the new application.” – You, the Developer

“Team is giving an estimated time to be taken as 10 days.” – Product Manager

“Let’s give it a shot? Try it out!” – You, the developer

Now, if you’re a good decision-maker, good for you. I mean, you can guide you and your team. If not, imagine the situation you’ll be facing. Be ready for dicey situations and develop your decision-making skills sooner than ever.

Professional decisions are not as convenient as personal ones. The moment you make a bad decision in today’s corporate sector, you’re out. Don’t let uncertainty numb your ability to make the right decision. Countless, intangible elements when it comes to software development are out there; riskier than perceived to be.

Following are some tips you need to keep in mind to become a good decision-maker:

Quality first, then the velocity

There’s been an obsession for a long time now when it comes to delivering software-based products ASAP. But, to what extent? What is the point of delivering a software/ software-based product if you cannot make your customer happy?

No point.

Your job as a software developer must be to not just develop the right product but ensure quality is maintained for extensive use.

Master organizational agility

Good decision making is not just restricted to management. It also goes to micro levels like your team. Decisions taken by you determine an organization’s agility in some way or the other. Be capable of delivering your results the right way, at the right time.

Bad decisions may initially help you or help you get away from trouble. But, not always!

The mental handicap

Years of research have shown that we can become victims of mental shortcuts viz cognitive biases. These cognitive biases are capable to rule over your decision-making skills. All you need to do is, truly work towards your goal of delivering software, help the business value grow and disciple the way other developers feel about making decisions in software development.

Quick decisions but, expensive too

Bad decisions tend to cost a lot more than expected. There are times when we try fixing bad decision outcomes and it takes up a lot of time. Give time to innovation with technology. That’s eventually going to add to your experience and skillset.

Do not repeat past mistakes

A culture of never repeating mistakes is always something we’ve been trying to implement. This time, take it seriously. You’re a developer; an amazing one. Do not repeat the mistake of delivering mediocre products to your client or delaying it too much.

Change is constant – Develop your skillset

It’s hard to change and if you are, it’s hard to keep at par with it. You need to change with change, only then will you see relevant results in no time. At the end of the day, as Thomas Edison said, “there’s no substitute for hard work!” keep working towards your goal and adapt to your current and future situations.

Don’t forget to make good decisions

There’s no specific formula to right decision making, or any right style to make decisions as well. Keep some principles in mind while making decisions like:

Have supporting data

Beware of cognitive biases

Be kind and assertive

Business decision-making checklist you need as a Developer

software developer skills

Business decision making can be hard and you need a blend of skills, including decision making, strategic thinking, problem-solving and other skills. You are strong because now you shall know how you can make decisions quickly.

Check out this tool designed for you to make decisions quickly and in a jiffy!

1. Keep consistency in mind

Rushing into tasks, especially development-related tasks is never a good idea. It’s one of the biggest mistakes made by the best developers. Think carefully, strategize and plan out what you’d like to do when and related details. Effect decision-making skills require you to brainstorm and revise your idea.

You’re the project head and it’s your job to do a SWOT analysis and find out what can be really done for the project; how to do so and so on.

2. List out your ideas

All thanks to brainstorming, you’ll probably have multiple ideas. If not, there are ways like surfing the internet, talking with practically anyone in lay man’s terms and so on. You need to figure out which one’s best, which idea fits into the business too. Make a list of the ideas generated. Then, prioritize your ideas based on criteria like relevance, budget and so on. This way, you’ll work into the most realistic and awesome idea ever!

3. Get advice from out there

There’s nothing wrong with keeping in touch with other software developers. But, remember to maintain confidentiality while conversing with them. You are developing software and at the end of the day, you’re answerable to all those people as to why you decided to tell others about your idea before it became official.

Advice from outside, however, can help your decision-making process. Professionals can help you determine whether your idea is workable and fun or not.

4. Ask questions

There’s nothing wrong with questioning yourself while discussing a potential product that you’ve got to develop. It actually creates areas for improvement. Top questions include:

Why will my product work?

Will my product excel from the rest?

Will my product be useful for my target audience?

Will I be able to generate revenue from the product?

Is there any need or way to improve my product?

Hard questions help analyze selected solutions. Ask yourself and help yourself take the perfect decision!

5. Test your idea(s)

This may require some bandwidth which may be out of reach for you. But, try out testing your ideas. This can be in the form of small samples or models. Calculate your potential outcome this fine way and try making predictions.

You need creativity here. Develop that in the process too!

6. Sometimes, a step back is for the best

Keep your problem aside and relax for a while. It’s always a good idea to think about your decision with a fresh mind. You can always read a nice novel or just play games or, get some sleep. Your abstract thinking will emerge because your brain will get some rest. Let your new positive energy gives you the solutions, thoughts and so on in a better way for best decision-making outcomes.

7. Take action

This is the final but the most important step towards making a good decision. Remember to take action against all the thinking you’ve been doing. You have thought out all the consequences, pros and cons and so on; this should not be an issue anymore. Make the final judgment call and strategically make your decision!

Final words

Make sure you make the decisions at the right point of time. It can work for practically anything. Bad decisions lead to difficult times! More importantly, don’t forget to learn from your past mistakes; make sure you guide your team and ensure nothing goes wrong down that road.

If you want to be a leader or already are, remember your decisions affect the people around you. Do not mess things up for yourself or others. Think safe, think for others and never forget to help your product excel!

12 Exclusive Budgeting Tips Every Entrepreneur Needs to Know

12 Exclusive Budgeting Tips Every Entrepreneur Needs to Know

Starting a business is exciting. You’re likely ecstatic about starting your own thing, but this excitement can lead to various mistakes. One of them is failing to come up with a budget for your business.

While this exercise might not be as exciting as making money, it’s the most important part of your business. Many entrepreneurs ignore this step and when they do, they rush the process and often suffer negative consequences as a result.

In this article, you’ll learn twelve techniques you can use to budget your finances as a young entrepreneur.

1. Business and Personal Finances Don’t Mix

This is the first rule in business. Your personal and business finances should never see eye to eye. Separate them at all costs.

The reasons for the separation are obvious. First off, if you mix the two, it’ll be next to impossible to determine the amount of money your business requires accurately. On top of that, you won’t know how much the business brought in at any particular time.

This means it’ll be difficult to gauge or project future income for your business. In addition, it’ll be easy to fall into financial pits due to mix-ups.

By separating your finances, you maintain a healthy financial pulse, both in your business and personal life. Start by creating separate budgets and using different credit cards to maintain separation. Practicing this habit as early as possible is a big win.

2. Set Aside Money for Taxes

It’s the obvious thing to do, however, a huge number of business owners tend to leave out this important step, especially those new to the entrepreneurial scene.

Taxes are a recurring expense. For that reason, it’s always good for you to prepare by opening another bank account. In that account, put an amount equal to 35 percent of your net revenues or 20 percent of your gross revenues every month.

Failing to plan in advance for this recurring expense will attract penalties or even worse, an audit.

3. Maintain All Records

Records include your financial statements, a loan that you have taken from various lenders like personal loan, business loans and receipts for each expense. Many entrepreneurs fail to keep such records, especially those they deem as small which is a wrong move. By doing this, you’ll fail to account for the money used for the business. Consider that the small expenses can pile up over time, creating a snowball effect that will hurt you in the long run.

Also, when budgeting you’ll end up forgetting about the small expenses that are still a part of your business. Therefore, it’s important to keep all your records safe to get a better understanding of your business in terms of growth.

4. Negotiate with Your Suppliers

Suppliers form a crucial part of your business. In fact, they draw the most amount of money from the business. This is why you need to have a sit down with them to discuss the prices of various commodities you buy from them.

Make inquiries on whether you can get discounts from suppliers if you buy goods in bulk or if you make early payments. If you cut down on the costs at the supplier level, you have a greater chance of increasing your profit margins.

5. It Pays to Do Your Research

It’s always advisable to look past your initial offer. More often than not, you’ll find a better deal waiting for you. Therefore, it’s crucial for you to dig deeper to weigh at least 4 options before settling on the final deal.

The deals could be the same, but the fact that you took an initiative to search for a better deal will go a long way in helping you look for better deals in the future.

6. The Budget for the Unexpected

money-saving tips

No one knows when an emergency will hit. It is for this reason that financial experts advocate for budgeting and planning. With a budget, you can prepare for surprise costs and other miscalculations.

Rounding up your business expenses is one way of dealing with such eventualities. However, make sure you don’t make dramatic changes which will negatively affect your budget.

7. Consider Freelancers Instead of Employees

Freelancing services are the best way to kickstart your business. Whether you need a graphic designer, web developer, or a writer, consider working with a freelancer instead of a full-time employee. This will save you a lot of money including training, hiring, taxes, and payroll fees among others.

Trending: Best Ways to Grow Your Freelance Business in 6 Months 

8. When You Hire, Go the Long Haul

Hiring a single employee is no joke. There’s much more to the process of hiring employee than you can imagine.

Apart from the salary, you’ll want to budget for the training materials, insurance, federal and state taxes, payroll fees and any other additional costs involved. This can take up at least 30 percent of the total wages and salary of a single worker, so make plans in advance.

Read also: Secret Tips to Hiring the Right People for Your Startup

9. Go for Second-Hand Equipment

This can be office furniture or electronics needed for your business. Instead of buying brand new items, go for used equipment to cut down on your expenses. You can also save by renting some equipment instead of buying. However, this piece of advice should be taken with a grain of salt.

If you feel there’s a need to buy a new piece of equipment to enhance productivity, then the best way would be to buy new. It might not be worth the risk to buy used and end up paying more for maintenance, thus straining your finances.

10. Office Space

When starting out, you’ll want to put your best foot forward. This includes leasing out office space to impress potential customers. While that might be a good move in terms of presentation, it will dent your pockets.

Working at home is the better alternative because you’ll save on rent money. This is money you can use to increase productivity and revenue.

11. Purchase Insurance Coverage

Just as young people don’t feel the need to purchase health insurance, so do the new entrepreneurs opt out of insuring their businesses. The main reason for this is they feel that it’s an added expense when they don’t really have much in terms of valuable assets.

However, it’s important for you to take out an insurance policy to cover you against any unforeseen eventualities. Remember, prevention is better than treatment and you can start with incorporating insurance premiums in your budget.

12. No Man is an Island

No man has a solution to every problem they encounter. That is why you need to ask for help even if you feel you are the best in your field. Teams are better than going at it alone.

Seek the services of an auditor to look at your business financials, or a bookkeeper to help you to organize your records. They might catch an error in advance before it ends up being an iceberg to your business.

Final Thoughts

There are many other ways you can budget to improve your business. While budgeting might not be exciting for new entrepreneurs, it’s not a task you want to brush off. With the tips in this article, you can propel your business to the next level. All you need is to take an initiative.

Can you be an entrepreneur? Take this test to check if you are ready for business

Can you be an entrepreneur? Take this test to check if you are ready for business

I was very skeptical about different sorts of tests. I just didn’t believe the results which are usually too general. But recently I’ve taken this very special personality test and my opinion changed.

Last week I met with my close friends to discuss our next BIG ideas and plans for the coming year. Actually, I enjoy such meetings in a cozy atmosphere and with inspiring talks where each of us generates tons of ideas and gives promises for the nearest future.

I recommend everyone to try the same format of meetings to discuss plans with the team. The results can be very unexpected. This was not for the first time when our discussion appeared to be super productive and brought thought-provoking results.

How we took the test

My friend offered us to take one simple test to define which personality types each of us is, and then, we had to share the results with each other. This personality test can help to understand if you can be an entrepreneur. We did it. 

It was really a fantastic idea! We learned so much about each other. And, what is more important, we learned more about ourselves.

Have you ever been in the situation when you are reading some words and thinking, …wow, it took me years to understand this, or I wish could read it several years ago… We had this feeling when we were reading the results of the test.

So, if you really want to understand your team and yourself better, this test will show you a lot. Also, the description of all personality types is open to read for everyone.  



And I would like to share mine with you. Frankly speaking, it is VERY hard for me to share anything from my private life with anyone, but if you came to my blog, I believe we have similar interests and goals. 🙂   

This is the quote from the description of my personality type:

“Advocate personality type establishes their independence by either finding a leadership position or simply starting their own practice. As independents, sole proprietors in the parlance of business, they are free to follow their hearts, applying their personal touch, creativity, and altruism to everything they do.”

If one of your strengths is ideation and you can never stay long in one place, maybe you are doing something wrong working for a company as an ordinary employer. Maybe, you can bring more value to people by creating something cool, and your business will help thousands of us.

But you will never know until you try. Think about it.

This is one more interesting quote that helped me to understand that I am on the right way:

“For Advocates, money, and Employee of the Month simply won’t cut it compared to living their values and principles.”

This is so true to what I’ve always felt inside, that even hard to believe.

What else you can learn

So, what else you can learn by taking the test. Basically, taking this test you will know the following:

  • Your personality type description
  • Strengths and weaknesses
  • Romantic relationships
  • Friendship
  • Parenthood
  • Career Paths
  • Workplace habits

So, it’s time to act

All the information is totally free to read and you can also get a copy to your email. But there is also a paid plan for those who would like to know what to do with all that information you just learned about yourself from the test. 🙂

Not scared? Go ahead!

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