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The risk of inaction
The risk of inaction may be one of the least obvious risks of doing business. Businesses may fail if we make the wrong decisions. They may run out of funds if we don’t spend wisely. We also understand the threat of competition. As a result, we plan, set goals and strategize to minimize these risks.…
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Don’t be afraid to experiment
Read more: Don’t be afraid to experimentSuccess stories obviously have happy endings but on the path to success these happy endings may seem an unbearable distance away. Creative solutions may have to be devised to overcome obstacles that arise.
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Success is not only measured by profits
Read more: Success is not only measured by profitsProfits may be the most popular metric of measuring the success of a business venture but it is by no means the only (or the best) method for measuring success. Most start-ups are not profitable at the beginning of operation and many are not profitable for years.
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5 Lessons businesses can learn from competition
Read more: 5 Lessons businesses can learn from competitionA lot of people are scared of competition because they fear they will lose business. Thoughts such as “what if the competion is cheaper?” or “what if they offer better quality products or services?” tend to creep into the mind of small business owners when someone new enters the industry.
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Develop your work ethic in your “bad” job
Read more: Develop your work ethic in your “bad” jobLet’s face it, very few people get to work at their dream job right away and everyone experiences challenges at work. These “bad” jobs may be stepping stones to your dream job although the negativity surrounding them can be very demotivating. You can, however, use these as opportunities to develop the skills and work ethic…
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3 dangers of silent support
Read more: 3 dangers of silent supportAll fans and supporters are usually welcome in business. This tends to be an indication that you are doing something right and encourages you to keep going. There are however 3 dangers of silent support.
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Create your own open source Creative Suite
Read more: Create your own open source Creative SuiteAdobe Creative Suite/Creative Cloud is pretty much the industry standard in design software. However, the cost of these products may be a major barrier to entry for many budding designers.
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Finding your peak productivity zone
Read more: Finding your peak productivity zoneYou may not always think about what affects your productivity but there are many factors that play a role in how productive you can be. Favourable working conditions allow you to get more done while unfavourable ones provide distractions and other obstacles to productivity.
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Motivate yourself to do your best
Read more: Motivate yourself to do your bestIt is not always easy to wake up and go to work. It may be a bit easier if you work for yourself but there are still days when you just are not in the mood to do any work. If you do not make a conscious effort these days may occur so often that…
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Don’t be afraid of entrepreneurship
Read more: Don’t be afraid of entrepreneurshipThe world can be a scary place for an introvert with a great business idea, but a reluctance to express these views in public. Fear of ridicule, criticism, failure and doubts of one’s own ability can be crippling to the point of holding back ideas and stifling creativity.
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