3 Powerful Entrepreneur Life Hacks for Millennials to Be Productive and Successful in Business
So, you are thinking of starting your own company. Kudos to you.
But before you do start your journey as a newly minted entrepreneur, you should be aware that there is a mountain of challenges waiting for you on your way. They can be rewarding if you succeed, but you have to give it your all to overcome them.
Becoming your own boss can be exciting in the beginning and can be the main zeal behind starting your own business. But trust me, the journey is going to be a real roller coaster ride, and as a newbie, you will face disappointments more often than not. And if you are not true to your endgame, then your dream of becoming a successful entrepreneur will crash and burn sooner rather than later.
There is no cheat sheet to help you here. But yes, there are a few entrepreneurs’ life hacks, which if you follow and stick to from the beginning, can be a game-changer for you.
These life hacks for success are mandatory in any venture you wish to partake in life. It will give you focus, direction, and better odds in achieving your goals.
1. Set Your Target And Stick to It
Are you among those people who are tired of others telling you what to do?
Do you hate targets, and are you under constant pressure from your boss to reach them?
If your answer is yes to the first question, then being an entrepreneur and becoming answerable to no one but yourself can be very exciting.
But if your answer is yes again to the second question, then you are in real trouble, because becoming an entrepreneur does not mean that you are free from targets. In fact, now that you are your own boss, you have to discipline yourself to set targets for you and reach them on your own.
Target is what you have to set in order to achieve the ultimate goals for your business.
You need to draw up a big and broad target as a vision board depicting where you want your business to be after a year, or after two years, and so on.
Once you define your ultimate target, you have to break it down into multiple small sub-targets concerning every aspect of your business and set a time table for each of them. Then you have to relentlessly and religiously chase the smaller targets and accomplish them within their set time.
If you can master yourself to achieve your targets within the stipulated time, then you are already halfway towards your journey of becoming an adept entrepreneur.
2. Never Fail on Your Commitment
As an entrepreneur, you will be in the business of selling products or services to your customers, which will help them find a solution and empower themselves. This means you have to commit yourself to your consumers and strive towards giving them your best at all times.
You can be a retail entrepreneur, an e-commerce owner, a professional consultant, a product startup strategist, or a solopreneur. Whatever you are in the business of, you need to commit yourself to your customers.
Let’s say, if you are a digital content creator, you have to be consistent about your creations, be it a video, graphics, podcast, or written content. Keep contingency plans in place in case of emergencies so that you can achieve your target regardless of any unexpected circumstances.
If you run a product startup, then you have to be vigilant about your products’ quality, customer satisfaction, and about any logistical, quality, or sales issues that may arise along the way. If you are not proactive to solve a problem and delay in delivering what you have promised to your consumers, your sales will fall eventually along with your business’s reputation.
Therefore, commitment is indispensable if you want to earn the trust of your consumers and clients and build a solid reputation to base your brand on. So, always try to never fall behind your consumers’ expectations, as your brand’s success is at stake, and if you are not careful enough, in no time, your sales can be affected, and your business may experience a major hit.
Hence, commit to your business cent percent, and you will reap the rewards of a well-established brand that customers can rely on to deliver.
3. Learn Things Consistently
There is no end to gaining knowledge to better yourself.
Being an entrepreneur does not mean that you are all-knowing. Its more like ‘learning on the job,’ but dialed up to eleven.
You have to be strict about acquiring new skills and upping your productivity level one day at a time. Set a target for yourself, and at the end of each month, try and evaluate what you have learned and integrate them into your business. It is a practice that will give you more ammunition to skyrocket your brand’s success.
And if you are worried about your lack of knowledge to start a business, then don’t be.
It is not possible to know everything out there to start a business and run it successfully from the get-go. You have to make the leap and start your business and then learn the finer nuances every day to gradually polish your brand and make it noticeable and prosperous.
So, keep learning and never stop. This productivity hack will help you achieve more than you could have imagined.
So, now that you know the three productivity hacks of an entrepreneur’s success, this is the time you should realize another simple yet most powerful life hack for entrepreneurs. Although this is my favorite, still, I really don’t know what to call it, but let me explain how this hack works for you, and what you need to do or follow.
Let me quote a Sanskrit shloka (verse).
Karmanye vadhika raste, Ma phaleshu kadachana
Ma karma phala he tur bhuh, ma te sangotsva karmanye
This is a famous Bhagavad Gita shloka that tells you that you can control your actions, but cannot control the results. Therefore, you should concentrate on your doings and shouldn’t get motivated or driven by the results that you don’t know or haven’t seen yet.
Now you may think, how is this relevant to an entrepreneur’s life hacks, and how does this help in increasing your daily productivity?
Well, this will not immediately upswing your productivity, but this will, for sure, change your views and how you see the results and measure them.
Let me explain.
I have been an entrepreneur for the last 9 plus years. And during this long entrepreneurial journey, I have met with numerous budding entrepreneurs from varied backgrounds and niches from all over the world. I have worked with hundreds of them very closely and helped them attain their goals.
Though they are from diverse industry verticals, cultures, and education, one thing I have seen and experienced commonly in every entrepreneurs’ life. And that is the lack of patience and running after the numbers.
I know that numbers are powerful and describe the whole progress in one go, and of course, who don’t know that the numbers don’t lie. True, but this isn’t the entire picture.
How? Okay, let’s understand this.
If you are an entrepreneur, and if you chase numbers right from the beginning of a process, you may or may not achieve that. If you do, you will certainly pursue the next bigger numbers. But, what if someday you fail? You will surely be demotivated and even stop digging it deeper to unearth the fortune, and eventually, you may miss it big time.
Instead, if you concentrate on your job, the process more intensively without thinking about the outcomes, you won’t rue because you will know that you had given your best. During this, whatever you achieved, you will surely double up your efforts to surpass that, which will instantaneously boost up your productivity.
This takes you to the last entrepreneur’s productivity hack. And that is “try”.
Try is a powerful word by itself. Isn’t it?
Do you remember that famous quote of Thomas Edison?
I haven’t failed. I’ve just found 10,000 ways that won’t work.
What if he stopped trying after several times of failure (if you call it so)? Could we see the light bulb?
I can accept failure; everyone fails at something. But I can’t accept not trying. – Michael Jordan.
So, the most powerful productivity hack for an entrepreneur is always “TRY”. And to continue trying, you must remember the Bhagavad Gita shloka that tells you to focus on your actions, perform your jobs, and, not to think about the results.
As an entrepreneur myself, I have seen a lot of ups and downs in my business. It is never a straight sailing venture. But one thing I can attest to in my experience is that hard work and determination are a must to hack your way to success in all walks of life.
Being an entrepreneur is not all song and dance as people think it to be. It requires a lot of effort, a real lion-heart, a strong nerve, and hard-core resolve to see it through. And as a to-be entrepreneur, you must be prepared for all trials and tribulations and embrace the challenges to become a successful one.
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