Stick to ONE business

Don't be the guy who constantly jumps from one industry to another.

Every business sounds easy at first, but the reality is that making money in any field is hard

So stick to one industry.

And work as hard as possible before doing anything else.

Plastic and business

Many people are thinking about solving environmental problems. One of the most popular ideas involves recycling. I’m sure you faced with plastic cover which you can collect for recycling. Although maybe you shouldn’t waste it and you can earn money. For example you can create plastic bricks for construction: Recycled plastic is being used to make eco-friendly bricks that are durable and weather-resistant. Of course you will have to buy devices for recycling, but you can find discount for it. I tried to count the budget, I saw: on the low end: $600 - $1,000. On the higher end: $1,600 - $3,000 (if purchasing equipment and renting a space early on). By year two or three, you could be well on your way to turning this into a full-fledged, profitable business—while making a positive environmental impact.

Have you ever thought about it? Do you try to find an investor?😎

Start today:

Day 1-5: Self-Reflection and Goal Setting

Day 1: Write down your long-term goals and dreams.
Day 2: Identify the habits that are holding you back.
Day 3: Set three achievable short-term goals.
Day 4: Create a vision board for your goals.
Day 5: Share your goals with a friend or mentor for accountability.
Day 6-10: Building Confidence

Day 6: List five things you love about yourself.
Day 7: Strike a power pose for two minutes.
Day 8: Compliment three people.
Day 9: Do something that scares you slightly.
Day 10: Dress in an outfit that makes you feel confident.
Day 11-15: Developing Skills

Day 11: Read for 30 minutes on a relevant skill or topic.
Day 12: Watch a TED Talk or webinar about personal growth.
Day 13: Practice a new skill for one hour.
Day 14: Teach someone something you’re good at.
Day 15: Reflect on your learning progress.
Day 16-20: Health and Wellness

Day 16: Start your day with a healthy breakfast.
Day 17: Do a 30-minute workout.
Day 18: Meditate for 10 minutes.
Day 19: Go to bed 30 minutes earlier than usual.
Day 20: Prepare a healthy meal.
Day 21-25: Emotional Intelligence and Mindset

Day 21: Write down three things you’re grateful for.
Day 22: Practice deep breathing exercises.
Day 23: Keep a journal of your thoughts and feelings.
Day 24: Avoid negative self-talk for the entire day.
Day 25: Perform a random act of kindness.
Day 26-30: Putting It All Together

Day 26: Review your progress and adjust goals if needed.
Day 27: Plan your next month’s goals.
Day 28: Reach out to a mentor or coach for feedback.
Day 29: Reflect on the changes you’ve noticed in yourself.
Day 30: Celebrate your progress and plan for continual growth.

Tips:
Keep a journal to track your progress and reflections.
Be patient and kind to yourself; growth takes time.
Stay flexible and adjust the challenge to suit your needs.

Are you ready to fail?

I know, when we try to create a new business we think about income and the beautiful future. Although we should remember about risks. Okay, maybe we are mindful of the risks, but are you ready to lose your money? Create an emergency fund or reserve capital that can cover your expenses for a few months. This cushion will help you stay afloat during challenging periods and give you the time needed to adjust your strategy.Always have an alternative strategy in place. Whether it’s a product pivot, a price adjustment, or new marketing tactics, having options ready can help you adapt quickly. Don’t hesitate to consult with financial advisors, accountants, or business coaches who can provide expert insights and help you make informed decisions.

There are numerous SaaS (Software as a Service) products that people and businesses frequently purchase.

Here are some popular categories and examples:

1. Productivity and Collaboration Tools

Slack: Messaging platform for teams.

Notion: All-in-one workspace for notes, tasks, and projects.

Trello: Project management tool using boards and cards.


2. Cloud Storage and File Management

Dropbox: Cloud storage and file sharing.

Google Workspace: Includes Google Drive, Docs, Sheets, and Gmail for businesses.

OneDrive: Cloud storage from Microsoft.


3. Marketing and Sales Tools

HubSpot: CRM, marketing, and sales automation.

Mailchimp: Email marketing and automation.

SEMrush: SEO and digital marketing toolkit.


4. E-commerce Platforms

Shopify: Create and manage online stores.

BigCommerce: E-commerce website solutions.

Klaviyo: E-commerce email and SMS marketing.


5. Design and Creative Tools

Canva: Graphic design tool for non-designers.

Figma: Collaborative interface design tool.

Adobe Creative Cloud: Suite of tools for video editing, graphic design, and more.


6. Customer Support Tools

Zendesk: Customer support ticketing and management.

Intercom: Customer communication and engagement platform.

Freshdesk: Helpdesk software.


7. Developer Tools

GitHub: Code hosting and collaboration.

Postman: API development and testing.

Datadog: Monitoring and analytics for applications.


8. Accounting and Financial Tools

QuickBooks Online: Accounting for small businesses.

Xero: Cloud-based accounting software.

FreshBooks: Invoicing and expense tracking.


9. Video Conferencing and Communication

Zoom: Video conferencing software.

Microsoft Teams: Communication and collaboration tool.

Google Meet: Video meeting platform.


10. Analytics and Reporting Tools

Tableau: Data visualization and analytics.

Power BI: Business intelligence platform.

Mixpanel: Product and user analytics.

#business #startup

Here are ten practical lessons from "Do The Impossible: How to Become Extraordinary and Impact the World at Scale" by Thibaut Meurisse:

1. Embrace a Growth Mindset: Cultivate a belief in your ability to grow and improve. Understand that challenges and failures are opportunities for learning and development rather than obstacles.

2. Set Audacious Goals: Aim high and set ambitious goals that push you beyond your comfort zone. Striving for extraordinary outcomes can inspire you and others to achieve greater things.

3. Take Consistent Action: Break your goals down into manageable steps and take consistent action towards them. Consistency is key to making progress and achieving the seemingly impossible.

4. Surround Yourself with Support: Build a network of supportive individuals who encourage and challenge you. Collaboration and shared experiences can amplify your impact and keep you motivated.

5. Develop Resilience: Learn to bounce back from setbacks and maintain your focus on your goals. Resilience is crucial for overcoming obstacles and staying committed to your vision.

6. Find Your Purpose: Identify what drives you and aligns with your values. Understanding your purpose can provide clarity and motivation, guiding your actions towards meaningful contributions.

7. Leverage Your Unique Strengths: Recognize and utilize your unique talents and strengths. Capitalizing on what you do best can enhance your effectiveness and allow you to make a greater impact.

8. Practice Gratitude and Reflection: Regularly reflect on your journey and express gratitude for your experiences. This practice can foster a positive mindset and help you appreciate your progress.

9. Take Risks and Innovate: Don’t be afraid to take calculated risks and think outside the box. Innovation often requires stepping into the unknown and challenging the status quo.

10. Commit to Lifelong Learning: Stay curious and committed to continuous learning. Expanding your knowledge and skills will empower you to adapt, grow, and make informed decisions that can lead to extraordinary outcomes.

These lessons from "Do The Impossible" encourage readers to adopt a proactive and empowered approach to achieving their goals and making a significant impact on the world.

Good habits are a common thing

We have already discussed a lot of good habits for business, but it's not enough. I know that i should write the plan per day, but I'm lazy and I don't do it every moment. How can it be your usual thing? The first way is a step by step. Start small by spending just 5 minutes each morning to write down your top 3 priorities for the day. Gradually expand this practice to include longer-term planning. The second way is a good plan. Networking is key to growing your business. Building strong relationships with clients, partners, and mentors can open new doors. Okay, you can set a goal to reach out to one new person in your industry each week, whether through social media, events, or professional groups. Lat but not least for me is visualization, I like to see different charts where I can keep track of my progress.

Have you already developed healthy habits? Maybe you're just trying it now?🍀

💸 How to start a business

WHY START-UPS FAIL

Here are the top 10 key takeaways from Why Startups Fail: A New Roadmap for Entrepreneurial Success by Tom Eisenmann

1. Poor Market Fit: One of the leading causes of startup failure is launching a product that doesn’t adequately solve a customer problem or meet a significant need in the market.

2. Mismanaged Finances: Many startups fail due to improper financial planning—spending too much too quickly or not raising enough capital to sustain growth, leading to cash flow problems.

3. Premature Scaling: Expanding too fast without confirming product-market fit or establishing a solid business foundation often causes startups to collapse under the weight of scaling.

4. Founder Misalignment: Co-founder disputes and misaligned goals, values, or work ethics can tear apart a startup from the inside, making it difficult to navigate challenges.

5. Ignoring Customer Feedback: Failing to listen to customers or pivot based on their feedback leads to startups missing opportunities to refine their products or services to better meet market needs.

6. Weak Business Model: Startups can falter when they lack a clear, viable business model that outlines how they’ll generate revenue and achieve profitability in the long term.

7. Operational Inefficiencies: Problems with execution, such as poor hiring, ineffective team management, or inadequate operations, can create roadblocks that slow progress and deplete resources.

8. Product Launch Timing: Launching too early or too late can drastically affect a startup’s success. Entering the market too soon may result in a poorly developed product, while entering late may mean missing key opportunities.

9. Underestimating Competition: Startups that don’t adequately research or prepare for competition can find themselves unable to compete effectively, especially if incumbents or other players enter the space with more resources or better solutions.

10. Lack of Focus: Distraction or pursuing too many ideas at once can dilute efforts, leading to a loss of focus on the core business mission and reducing the chance of success.

These lessons provide a roadmap for entrepreneurs to avoid common pitfalls and increase their chances of building successful startups.

Happy reading ✨

How can you increase your salary?

While we are trying to create a new business, we have to remember about our salary. The salary can become your first investment in your business. How can you discuss your income with a boss? Before approaching your boss, arm yourself with data. Check salary trends for your role and industry. Websites like Glassdoor, Payscale, and LinkedIn Salary Insights provide useful benchmarks. The second step is making your request, focus on what you've accomplished. Quantify your impact: If you helped bring in new clients or contributed to increasing company revenue, provide data to back it up. If your boss is unable to offer a raise right now, ask for feedback on what you can do to increase your chances of a raise in the future. Good statistics for us, 62% of employees who ask for a raise get some form of salary increase.

Have you already tried discussing your salary with your boss?📊

Skill for a Successful Entrepreneur

Entrepreneurship is the process of creating, launching, and running a new business venture. It involves taking risks, innovating, and solving problems. To be a successful entrepreneur, you need to have a set of skills.

° Communication: is the ability to express your ideas clearly and effectively to different audiences, such as customers, investors, employees, partners, and media.

° Selling: is the ability to persuade others to buy your product or service, or to support your business.

° Focus: is the ability to concentrate on your most important tasks and goals, and to avoid distractions and procrastination.

° Learning: is the ability to acquire new knowledge and skills, and to apply them to your business.

° Strategy: is the ability to create and execute a plan for your business that aligns with your vision, mission, and values.

These are some of the skills that can help you become a successful entrepreneur in 2023.

💸 Skill for a Successful Entrepreneur

Entrepreneurship is the process of creating, launching, and running a new business venture. It involves taking risks, innovating, and solving problems. To be a successful entrepreneur, you need to have a set of skills.

° Communication: is the ability to express your ideas clearly and effectively to different audiences, such as customers, investors, employees, partners, and media.

° Selling: is the ability to persuade others to buy your product or service, or to support your business.

° Focus: is the ability to concentrate on your most important tasks and goals, and to avoid distractions and procrastination.

° Learning: is the ability to acquire new knowledge and skills, and to apply them to your business.

° Strategy: is the ability to create and execute a plan for your business that aligns with your vision, mission, and values.

Emotions in negotiations

Sometimes I come across very difficult people, they don't try to understand you and don't try to find a common language. At this point, it is very important to control your emotions. I'm sure that emotions can cloud your judgment. 75% of negotiators who lose their emotional control during a deal end up with less favorable outcomes. 60-70% of communication in negotiations is non-verbal. This means how you emotionally react (even through body language) can significantly affect how you're perceived. If you're overly emotional, the other party might see you as irrational or difficult to deal with, which could harm your position. Emotions are natural, but without control we will not find the best solution for everybody.

Can you control your emotions or don't you want to hide your feelings?😉

StartUp Ideas - request from ycombinator.

Starting a business at a young age: worth it or not

Starting a business is no easy feat, and doing it at a young age can be even more challenging. But for those who are up for the task, the rewards can be significant.

In this post, we'll examine the benefits and challenges of starting a business at a young age, and provide some advice to help you succeed.

🤩 Benefits:

More time to learn. Getting started young provides the opportunity to learn from mistakes and gain experience while you still have time to recover. Such entrepreneurs have more time to take risks and experiment with their ideas, without the same level of financial and personal obligations that come later in life.

Developing valuable skills. Running a business can teach valuable skills such as leadership, communication, time management, and problem-solving. Young entrepreneurs have the chance to develop these skills and apply them in their future careers.

Building networks. An early start means you have more time to build relationships and networks that can help you in your future projects. Young founders can use their early years in business to network, meet mentors, and form partnerships that can last a lifetime.

🫠 Challenges:

Lack of experience. Starting a business requires a level of experience that young entrepreneurs may not have yet. Without the right skills and knowledge, it can be challenging to successfully launch and grow a company.

Financial constraints. Getting your business off the ground takes investment and financing. Young entrepreneurs may find it challenging to secure the necessary funding for their businesses, especially if they lack collateral or credit history.

Balancing work and education. Starting a business needs a lot of time and effort, which can be challenging to balance with education and other responsibilities. Young entrepreneurs must find ways to manage their time effectively and prioritize their tasks.

In conclusion, it's not just about making money, but about following passions, taking risks, and learning valuable lessons along the way. Young entrepreneurs do face many obstacles, but they also gain much by having a fresh perspective, being open to new ideas, and having the energy to tackle any challenge that comes their way.

Whether you're already on the path to becoming a young entrepreneur or just exploring the idea, remember to stay focused, be persistent, and never give up on your dreams. With hard work, determination, and a bit of luck, the sky's the limit.