When outsiders view entrepreneurs, it’s easy to make certain assumptions about their lifestyle and their personality. Many myths exist to both dissuade and encourage people to pursue entrepreneurship, but it’s important to do your own due diligence before spending time and money on anything.
It’s common knowledge that 95% of startup businesses fail within the first five years. There are about 20 ways this can happen, the number one reason being a poor business model leading to a lack of market interest. The number two reason is a lack of money.
It used to be the norm to have a CEO of a certain age who followed an autocratic, authoritarian leadership style. Akin to a paternal figure, this type of leader dictates policies and procedures to their subbordinates, without inviting feedback from the group. They...
The largest work from home experiment of 2020 was cast upon most Americans without any advanced warning. This led to a sudden overhaul in every aspect of our daily lives, from commutes and lunch arrangements to meetings and water cooler chat. Depending on the industry, work is more than just a place to clock in and out, it also holds a hierarchy within its own society and fulfills peoples’ sense of purpose as a member of a team. As a leader, there is no feasible way to believe confidently that you would be able to maintain the same level of supervision over your team when they are working from home. To try and do so would actually be counter-productive. Encourage your employees to transfer their home office into the most productive environment possible by offering suggestions about the atmosphere and lighting. For the people who miss the social aspect of coming into the office, this transition will be the hardest for them.
The mesmerizing world of today’s technology has provided us with a variety of ways to become more efficient. Tasks that once took up time and resources, even extra personnel, can now be done more inexpensively in the blink of an eye. The one caveat to having so much...
There are numerous examples throughout history of successful, famous people with a history of failing over and over again without giving up. People like Milton S. Hershey, Walt Disney, Thomas Edison, Steve Jobs, Oprah Winfrey, and Steven Spielberg all had multiple failures before finding fame and this fact is not a coincidence. It takes a specific type of person to achieve greatness. Their constitution is broken down into several traits that they all have in common. They have to be motivated, creative, persuasive, flexible, and decisive, to name a few. They must also be the type of person unafraid to take risks. Without risk, there would be no success, but it also means failure is a possibility. Failure is another component of being a success.
Being a good leader means more than producing impressive department stats. There is a major difference between being a manager and a leader, and the boosting of your team’s morale is a big reason why.
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