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Starting a new business can be an exciting and rewarding venture, but it also comes with its fair share of challenges ?#realestate #realestateinvesting #entrepreneur #business #businessgrowth #businessdevelopment #capitalinvesting #hospitality #hospitalitydevelopment #AI #AIDevelopment
Starting a Business? Here Are 10 Common Obstacles to Avoid. | Entrepreneur
entrepreneur.com
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You cannot hire someone who has been, or is an entrepreneur, and expect them to act like an employee. If you own properties, and rent them out; that doesn’t make you an entrepreneur, that makes you a landlord. If you have been a freelancer, you’re great at doing expert level technical tasks really well. But you’re not an entrepreneur. What is an entrepreneur? An entrepreneur is someone who risks almost everything to build a business, to build processes, to intertwine how your product or services will finance your operation. An entrepreneur is someone who has mastered every skill required to run his business… From marketing, to finance, to HR, to logistics, to more and more. An entrepreneur is someone who strives to achieve such a well-oiled machine of a business, that one day, he can resign from his role as the GM, and hire a CEO to scale the growth of what he has built. An entrepreneur is someone who makes sure the business pays all the wages to his employees, and if it can’t, he finances out of pocket. An entrepreneur gets paid last… And even the government takes their cut before the entrepreneur benefits from proceeds. It is important to note, because if you hire an entrepreneur to be a consultant for your own business; you’re effectively hiring a consultant who has the same level of motivation, capabilities, and knowledge as you do. You’re hiring a partner, when you hire an entrepreneur.
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In today’s world, success is often measured by the titles we hold and the positions we achieve. Yet, the true essence of a profession lies not in status but in the integrity, responsibilities and dedication we bring to our work.? ? As Former CEO of Apple Steve Jobs once said?"you've got to find what you love, and that is as true for work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work, and the only way to do great work is to love what you do. If you haven't found it yet, keep looking and don't settle. As with all matters of the heart, you'll know when you find it, and like any great relationship, it just gets better and better as the years roll on. So keep looking, don't settle." ? The value of a professional is built on qualities like honesty, diligence, and a commitment to doing one’s best, regardless of rank or role. As a founder, it’s natural to set ambitious goals and aspire to grow the company. The heart of entrepreneurship lies in working with honesty and diligence, values that build a culture with purpose and lasting impact. ? When building something from the ground up, honesty becomes the cornerstone of every interaction, decision, and relationship. Leading with honesty means being transparent with your team, clients, vendors, and investors—even when the truth is difficult. It involves openly acknowledging challenges, admitting mistakes, and staying true to promises. This commitment to integrity builds trust and loyalty, creating a foundation on which a resilient business can thrive. In the fast-paced world of entrepreneurship, where pressure often pushes leaders to cut corners, honesty becomes a distinguishing factor that defines the brand’s character. ? Diligence, on the other hand, reflects the tireless dedication it takes to build something meaningful. I’ve come to realize that a founder’s journey is rarely straightforward; it demands perseverance through uncertainties and setbacks.? ? Diligence is about staying focused on the mission, putting in the hard work, and maintaining a high standard of quality in every task. It's the ability to keep pushing forward, no matter the obstacles, and to inspire the team to do the same. Diligence shapes the culture of the company, encouraging everyone involved to be committed, patient, and persistent in achieving shared goals. ? As CEOs and founders, our profession isn’t defined by titles but by the legacy we build through our actions and values. When we lead with honesty and diligence, we create a company that stands out not just for its success, but for the principles it upholds. #founder #ceo #entrepreneur #entrepreneurship
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Pay for Equity’ Collaborations for the Success of Young Entrepreneurs Our company is committed to supporting innovative projects and young entrepreneurial talent. We firmly believe in the potential of new ideas and the ability to turn them into successful realities. That's why we offer a unique opportunity: after a thorough evaluation of the project, we provide the chance to enter into collaborations through a "pay for equity" model. But what does "pay for equity" mean? It’s a model that allows entrepreneurs to pay part of our fee with shares of their company instead of cash. In essence, we become not just consultants but strategic partners, working alongside the entrepreneur to grow their business. This approach allows access to high-level support that might otherwise be out of reach due to the high fees of traditional advisors. Our philosophy is simple: we invest in people before numbers. We believe in ideas, passion, and the determination of young entrepreneurs, and we are convinced that our experience can make a difference. When we agree to join as co-founders, we are not just observers but key players working towards the company's success. We share the risks and goals, offering our network, expertise, and commitment. Being co-founders means having a vested interest in the company's growth and success. This drives us to do everything possible to maximize the project's potential. Our involvement goes beyond one-off consulting; we dive into the core of the business, tackling challenges alongside the entrepreneur. Our shared objective? To grow the company and lead it to a remarkable exit, creating value not only for investors but for all stakeholders involved. In a constantly evolving market, our "pay for equity" proposition represents a dynamic and innovative model that goes beyond a typical consulting relationship. It’s a true partnership built on mutual trust and ambition, where every success is shared, and every challenge is an opportunity for growth. Choosing to work with us means entering a partnership where the project's success is our primary goal, and every step forward is a milestone to celebrate together. Contact us directly and we will conduct a free initial evaluation of your company's situation to determine if and how we can assist you.
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You're overwhelmed with tasks as an entrepreneur. How can you effectively delegate to maximize productivity? Has the sheer volume of tasks ever overwhelmed you? Delegation can boost your efficiency and productivity, lightening your workload, and helping you grow. Let me tell you that I can personally vouch for this! You can delegate your work effectively and focus on strategic tasks, relieving your personal stress. So, how can you maximize productivity and delegate effectively as an entrepreneur? 1. Take note of your tasks Note down your tasks and the time you spend on them. You can understand how you can delegate these tasks and focus on tasks that grow your business. Shift your efforts on tasks that bring the most benefit to your entrepreneurial venture. 2. Recruit, coach, and develop Look for suitable employees and work with them closely. Give them tasks and mentor them to make them more capable. It will help you delegate your work and them to excel in tasks delegated to them. 3. Are you delegating enough? You must understand that if you feel you shouldn't be doing a task, you must delegate it. You are probably not delegating enough as an entrepreneur and should delegate all tasks that are low on the priority list. 4. Delegate effectively Ensure you don't burden your employee(s) by giving them extra work or micromanaging. Effective delegation involves giving your employee an apt amount of work which can be done effectively and efficiently. Delegation is crucial for entrepreneurs who want to grow. Let go of the delegation fear, improve efficiency, and transform the way you work. Provide support to your employee(s) and monitor your progress. You will see how you're growing, so start delegating today and see for yourself!?
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One thing that was killing our growth as entrepreneurs. This year started on a GREAT note— Got our company registered, Thoroughly planned Q1 & Q2, Had a pipeline full of our ICPs, Our team grew exponentially, But despite everything being on track, Our growth in Q2 was not as fast, So, Sherry and I had a serious discussion, We sat down for the reality check. And what we realised was— Everything is in our favour except “us.” Problem was with nothing else, We’ve all the resources, We’ve the required skills, We’ve high ticket clients, The REAL problem was, Our unwillingness to do certain tasks— Hiring, Posting, Engaging, Networking, That’s when we realised, The growth we’ve been seeking lies in things we've been avoiding. Just investing 2 hours daily in these small tasks can, 10X our business, Give us time freedom, Build a valuable network, As business owners, You’re basically a “Chief Everything Officer” You either do the things you don’t currently like, And build solid systems and SOPs to grow faster, OR You keep procrastinating those tasks, And end up quitting or being burnt out. Choice is yours. …. Yes, we still don’t like these tasks, But we are doing them anyway. That is growth, That is progress, That is entrepreneurship. Think long term— Building a team means, ?Time freedom + Business expansion. Posting regularly means, ?Stronger positioning + more opportunities. Networking meaningfully means, ?More growth + newer perspectives. Reminder: Everything you wanna be and everything you wanna achieve lies in things you’re avoiding. P.S. What is that one task that you keep avoiding?
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Entrepreneurs should focus on delegation. It can be hard to let things go, and many entrepreneurs find themselves busy, yet not productive. Take time regularly to evaluate where you are spending your time. What are you doing that you don’t enjoy? What can be done more effectively by someone else? And finally, what is the best use of your time? Is that where you are focused?
Council Post: 18 Ways To Beat Common Challenges When Scaling A Solopreneurship
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The Power of Belief Systems: Building a Business from the Inside Out In the challenging journey of entrepreneurship, the power of belief systems is often underestimated. The belief systems of an entrepreneur shape the way they perceive obstacles, form strategies and drive their team towards success. It is the invisible foundation of a business that determines its resilience, adaptability, and growth. Entrepreneurs often face numerous challenges such as limited resources, market competition, and financial uncertainties. However, a strong belief system can turn these struggles into opportunities. It fosters a positive mindset that sees obstacles as stepping stones rather than roadblocks. A business is much more than a pursuit of profit; it's a reflection of the entrepreneur's values, passion, and determination. The belief in one's capabilities, the product, and the team's potential are crucial for success. These beliefs fuel persistence amidst failures and inspire innovative solutions. The belief in the value of the product or service encourages consistent improvement, aiming for customer satisfaction. The faith in the team's competence promotes a supportive work environment, enhancing productivity, creativity, and loyalty. Belief systems also influence the company culture, playing a significant role in attracting like-minded employees and customers. A positive and strong belief system is contagious, spreading to every facet of the business, building it from the inside out. It is the entrepreneurs' beliefs that draw the roadmap to success, making the impossible possible. Hence, understanding and strengthening one's belief systems is an essential, yet often overlooked aspect of building a successful business. Remember, the first step to success is believing you can. This is generated from our AI-powered, workflow-optimised, social-media-connected, email-lined, CRM-enabled website solution. Give us a shout if you would like us to do this for you too: https://lnkd.in/dfHN_viE. Join our newsletter for Small Business owners here https://lnkd.in/dzRFns-j
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7 Lessons on "Think Like an Entrepreneur, Act Like a CEO" by Michael Michalowicz: 1. Embrace Grit and Hustle This isn't a book for the faint of heart. Michalowicz emphasizes the relentless drive and willingness to overcome obstacles that define successful entrepreneurs. Develop a "do whatever it takes" mindset and embrace hard work as a key ingredient for success. 2. Prioritize Profit, Not Revenue Don't be fooled by vanity metrics. Focus on generating actual profit, not just impressive sales figures. Understand your pricing, costs, and margins, and make decisions that optimize your bottom line. 3. Become a Marketing Machine Don't rely solely on "build it and they will come." Actively market your business, even with limited resources. Learn low-cost, high-impact marketing strategies and become a champion for your brand. 4. Delegate and Outsource Ruthlessly You can't do it all. Identify your strengths and weaknesses, delegate tasks you dislike or are inefficient at, and consider outsourcing when it makes financial sense. Focus on activities that leverage your unique skills and drive growth. 5. Build a Dream Team (Even if it's Small) Surround yourself with talented and passionate individuals who share your vision. Invest in building a strong team, even if it means starting small, as they are crucial for scaling your business effectively. 6. Embrace Systems and Processes Don't reinvent the wheel. Implement efficient systems and processes to streamline operations, save time, and ensure consistency. Develop workflows, automate tasks, and create procedures for key activities. 7. Lead with Passion and Purpose Beyond profit, identify a deeper purpose that drives your business. Communicate this purpose to your team and customers, inspiring them and creating a strong emotional connection with your brand.
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