Next to dogs, weekends are a man’s best-friend. The alarm clock that torments you every morning, is frozen in time for at least 48 hours. Breakfast is more enjoyable, because you don’t have to inhale it down in order to leave the house on-time. Not to mention, you get to spend time with the people you actually call your friends. All of this goes to say that Mondays suck, because Monday likes to creep up on us in the most subtle ways, and there isn’t much we can do to ignore it. Monday is and will always be known as the day that comes after Sunday, and it is the beginning of the work week for most people. Fortunately, for those people who are entrepreneurs, they have little worrying to actually do.
Being an entrepreneur means that you own your own business. And for some, it’s the perfect solution to living happier lives. Of course, it takes a lot more energy to start your own business, but the rewards are great if done correctly. There’s an old saying that goes, “choose a job you love, and you’ll never have to work a day in your life.”
Sure it might be an old saying, but it's one that is still thrown today in efforts to encourage people into making the decision to take a leap of faith and start doing what they love. Unfortunately, statistics show that the number of new businesses started are not on a steady rise, in fact, the number of new businesses being started has dropped. In an article written on FitSmallBusiness.com, one stat shows that, “452,835 companies were founded in 2014. While the number is impressive, it is significantly lower than the 500,000 – 600,000 new US startups every year from the late 1970s to the early 2000s.” The decrease in new businesses being opened today isn’t down by much, but it does raise questions as to why people aren’t having the same success as you would have found in, let’s say, the year 2004.
The truth is, many people don’t know how to run a successful business from the ground up. “46% of businesses fail due to incompetence, 30% due to lack of managerial experience, 11% due to lack of experience, and the rest were attributed to fraud, natural disasters and neglect,” says one source mentioned in the same article. It’s a good thing to want to change one’s circumstances, but before you go jumping in uncharted waters, it is highly recommended that you take the time to understand what you’re actually investing in— the younger generation especially. Despite popular opinion, millennials are the worst when it comes to developing startups. Apparently, people above the age of 40 are the most successful, and once you get between the age of 55 and 65 is when you really start to hit that sexy walk.
But don’t be discouraged, because there is a solution that can help. One of the reasons why millennials aren’t making bigger strides in the world of entrepreneurship is because they think they know everything. One of the hottest words out right now is the word “creative,” and every millennial has it in their bio. The truth is, however, that many millennials don’t know how to take their “creative” minds and monetize off them. Sure there may be 50 great ideas swarming around in your head, but it means nothing if you can’t pluck one of them to develop that idea into an idea that can secure the bag.
Some of the most efficient ways to making it as a young entrepreneur is developing the skills that separate you from being the Michelle of your peers to what will make you the Beyonce of today’s entire generation. To start it’s important to begin with self improvement. Oprah Winfrey didn’t become the goat she is today by holding onto bad habits. In fact she kicked them, and she’s been cashing checks in her sleep ever since. And what’s her secret? Oprah believes in waking up early, and doing so without the assistance of an alarm clock. Now for some, this might have disaster written all over it. Almost everyone can agree that at least once or twice they’ve slept through that blasting sound that lets us know when it’s time to climb out of our pajamas and into our uniform. So relying solely on ourselves to do the job of an alarm clock can seem scary. Fortunately there’s a such thing called an internal clock, and it’s what Oprah sets each night. All you have to do is say to yourself that you want to wake up at 7 a.m., and then boom, you’re waking up at 7 a.m. in the morning— with practice of course. Martha Stewart agrees with the method as well. However, she instead of using an internal clock, she’s ditched using curtains in her bedroom, and prefers the light from the sun to wake her.
There are many ways in achieving self improvement, but starting with something as simple as changing your sleep routine can guarantee better results. Once all of that is finished, one of the next important steps is developing a business plan. Business plans are like the blueprint to building a successful company, and everyone should have one. They help with identifying a company’s short and long term goals, identifying a company’s target market, and identifying funding requirements. If you don’t have one of these you might fall victim to becoming one of the first-time business owners who only have a, “18% chance of succeeding.” So get a business plan, and perfect it, because no one wants to fail purposefully.
Another great suggestion that all highly successful people develop is trimming their circle down. Nowadays, you can’t call everyone your woe. Having a small trusted group of people who hold the same interests can add positivity and help keep you on right track. A lot of people entering new industries, like the entertainment industry, always find themselves in trouble, because their friends help encourage negative vibes.
Being an entrepreneur is a rewarding experience, but you have to make sacrifices. This means doing such things as trying to get an adequate amount of sleep, researching what it is you want, and creating a healthy environment around you. The better you understand this, the closer you’ll come to never having to work another day in your life, because after Sunday it’ll feel like Saturday all over again.
For more information, read this interesting and compelling read on the 15 Entrepreneurship Statistics That You Should Know.
To find out more on what Oprah believes makes for a successful lifestyle, click the link below.