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Tuesday 22 November 2011


(source: www.entrepreneur.com)

"It got to the point where my clients knew I was up all night working. They would think it was okay to email me at 3 in the morning and expect a response," says Theodore, 40, a co-founder of Adjektiv, which was based in Las Vegas, Nev., and New York.

After his business partner and an investor both died in tragic, separate incidents in 2008, he was reeling from grief and the stressful toll that years of nonstop work had taken on his psyche. Taking drastic action, he scaled back to four clients and moved from Las Vegas to Brooklyn, N.Y., to regroup.

Getting in touch with his "Bohemian roots" was one goal. He rented an apartment with a roof deck, spent hours in nearby Prospect Park and rode his bike whenever the weather permitted. He slowly rebuilt his company with a new name -- Partners in Theory -- and a new conviction to never again let business consume his life. 

Related: How to Avoid Entrepreneur Overload
How to Recharge
A break from your business doesn't have to be a week vacation to help recharge your batteries and regain focus, says productivity expert Jon Gordon. It can be a day off or even regular walks or times to meditate and relax.

Find something you love to do -- from running to jigsaw puzzles -- and carve out ways to fit it into your schedule. Even an hour or two a week can make a difference.

Now, instead of running a company with three partners and as many as 20 independent coders and programmers, he runs the business on his own, working with about 11 independent contractors, all of whom take the lead on their own projects, relieving him of client-management responsibilities.

Theodore says he is also much more in tune with his own need for time off. While he rarely took breaks before, he now takes both vacations and short daily breaks to recharge. This summer, he'll take off either Thursday or Friday most weeks and is combining a cross-country work trip with sightseeing.

In that respect, Theodore is unlike many other U.S. business owners. Only 46 percent plan to take a vacation this summer, down from a high of 67% in 2006, according to the May American Express OPEN Small Business Vacation Monitor. Busy work schedules (37%) and affordability (29%) are the top reasons. But vacations and breaks can be what you need to increase productivity and come up with new ideas to make your business run better, says Jon Gordon, a Ponte Vedra Beach, Fla.-based motivational speaker on business productivity and author of The Seed: Finding Purpose and Happiness in Work and Life (Wiley, 2011).

Related: Tips for Managing Stress

Do you need a break? Here are seven signs it's time.

1. Loss of joy. If you're beginning to dread going to the business you once loved or find yourself chronically unhappy, it's likely a signal you need to take a break. "Often, it's when we think we can't take a break, during those very busy times, or when business is slow, that it's most important to do so," says Gordon.

2. Lack of focus or creativity. "Most people can't have a high level of focus for extended periods of time. Even high-end athletes or musicians need regular breaks," says former accountant Greg De Simone, founder of FocalPoint, a Mansfield, Mass., business coaching firm. He says he routinely sees clients return from vacations operating at a higher level of productivity or with newfound solutions to problems that had dogged them.

3. Constant feeling of overwhelm. If you're reacting rather than taking control, it's a clear indicator you need to take a break, says De Simone. If you think you can't spare the time, consider that you're losing it anyway by being ineffective, he says. "Getting away from your business allows you to step out of the constant flood of demands and interruptions and see your business more clearly," he says. That can help you make better decisions.

Facebook Poll: What are you most inclined to do when you're stressed?

4. Irritability. Cranky much? Irritability can be a sign of stress, depression, or other maladies, says Gordon. Take a break before you do real damage to your employee and client relationships.

5. Insomnia. Sleep issues are another red flag, says Gordon. Meditation and getting outside on a regular basis can help, he says. The National Institutes of Health says that regular exposure to outdoor light is important for the circadian rhythms that direct your sleep. If you're stressed and sunlight-deprived all day, you're dealing a double blow to your ability to get a good night's rest.

6. Health issues. Drive yourself too hard and it's likely going to take a toll on your health, says Gordon. Working endless hours may feel like a badge of honor, but if you have chronic insomnia, stomach issues, or generally not feeling well, it's time to consult your doctor -- who just might prescribe a break, he says. (Unfortunately, vacations aren't usually covered by health insurance.)

7. Warnings from friends and family. Today, when people in his life tell him it's time to take a break, Theodore finds the time. He never wants his business to run his life again. "Relationships are the most important thing in your life. If the people around you need you, you have to find time for them, even when it's busy," he says. Time with his loved ones, he says, is often the best way to relax.

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10 important step for your start-up


Starting a business of your own will not be an easy job but it will not be an impossible job as well. The following ten easy steps given below will show you all the small business start up help you need:

1. Do the things you like doing: It simply means that your business should comprise of the things that you like doing. There’s no point establishing a business which you have no interest in. You will need to spend a lot of your time and energy in your business so that you can make it flourish. Thus, it is important for you to select a business which you would be interested in running.

2. Ability and experience: The abilities you have and your past experience will also be helpful in determining what kind of business you should undertake. Simply deciding to set up a business is not all. You need to find out your abilities so that you can make proper use of them in your business. Your abilities would determine the kind of business you should undertake.

3. Don’t give up your present work: You should not give up your present work so that you can start a business of your own. You can carry on the business while you are still in employment. You need to make sure that your business can earn profit before you give up your present work so that you can get back to it in case your business is unsuccessful.

4. Get help: It is always a wise idea to get small business start up help from as many people as you can. There should be someone you can rely on while starting your business, someone who can help you out in any possible way and who would listen to your problems and give you advice.

5. Capital: Every business would require some amount of capital or the other. You need to decide the approximate amount which you will require. How would you get the funds?

6. Business plan: Preparing a business plan is of utmost importance. The success of a business will depend on its plan to a great extent.

7. Research: Always research on the market where you would be selling your product. Check the degree of competition in the market.

8. Comply with all legal formalities: This is very important for you can not commence your business without complying with all the legal formalities.

9. Employ the right people: It is very important that you recruit the right people for the right position. By placing the right people for the right posts you would be taking a step forward to success.

10. Advertisement: You should promote your business through proper medium in order to attract clients. You can select the medium which would come under your budget.

The wrong small business start up help could prove to be very expensive, time consuming and will ultimately damage your business prospects. Don't forget that your best tool is your common sense while accepting this help.

i have the creativity (young entreprenure): How Young Entrepreneurs Can Bridge the Generation ...

i have the creativity (young entreprenure): How Young Entrepreneurs Can Bridge the Generation ...: How Young Entrepreneurs Can Bridge the Generation Gap Three strategies for overcoming age bias when starting a business. BY Matthew Toren ...
How Young Entrepreneurs Can Bridge the Generation Gap
Three strategies for overcoming age bias when starting a business.
BY Matthew Toren | August 5, 2011|
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You could start a business, lasso funding and already have top-tier clients, but, because you're young, some people still won't take you seriously. What's worse, some may even try to take advantage of your youth.

Having co-owned a series of businesses with my brother since I was 7 years old -- we sold stunt airplanes at a festival with my grandfather -- I've seen my share of that kind of discrimination. For our first decent-sized venture out of school, we purchased a struggling pool hall in Vancouver, B.C., which we bootstrapped with money that we had earned with a few small, successful business ventures we launched during high school. Although we eventually turned the place into a thriving hot spot, we faced a number of challenges along the way. From the initial purchase transaction to setting up accounts with vendors, we learned quickly to be on guard from people who assumed we didn't have to be taken seriously or that they could "play" us because of our youth.

One situation that stands out happened when we were hiring a contractor to perform renovations for the bar. The first guy we contacted for a bid met with me at the pool hall. He had sized me up as young and naïve, before I even opened my mouth. After asking me to get my boss, he was clearly surprised -- and a little amused, if I'm not mistaken -- when I told him that it was me. The encounter went downhill from there.

Not only did he try to tell me we needed completely unnecessary (and overpriced) repairs, he had the nerve to say we had to pay in full for the work and materials up front. "That's just the way it's done," he said. Needless to say, he didn't get the job, but, to his credit, he prepared me for what I'd be up against time and again throughout my younger days as an entrepreneur. I quickly learned that I'd need to step up my game to be recognized and respected as a "real" business person.

So, how did I do it? Here are three strategies I used to bridge the generation gap, and you can too:

1. Know what you're talking about. If you're "winging it," people can tell, and, perhaps justifiably, they won't take you seriously. To elicit the opposite response, you should learn everything you can about your industry -- and your own product or service -- so you can speak clearly and authoritatively about your business. If you're also professional with everyone from vendors to employees to customers, you're bound to be seen in a better light. Once my brother and I learned everything we could about pool halls, we were able to communicate with beverage distributors, equipment manufacturers and food suppliers in their own language. That effort made all the difference. We took away their excuse to treat us differently than their other clients.

Related Video: Mashable's Pete Cashmore on a Big Lesson for a Young Entrepreneur

2. Admit that you don't know everything. Many young entrepreneurs try to overcompensate for inexperience by talking as though they've got it all figured out. The only thing worse than not knowing all you should know is not knowing, and then acting like you do. There's certainly nothing wrong with confidence, but admitting that you don't know something and asking for help shows integrity, which can't be underestimated. To help you figure things out, I encourage all young entrepreneurs to find a mentor to learn from and bounce ideas off of. This person can be a more seasoned entrepreneur than yourself or simply a business person who has expertise in your industry. It was our grandfather who recognized that my brother and I had a hunger for entrepreneurship. He helped guide us through some of the basic principles of entrepreneurship, showing us what it means to be an entrepreneur. I remember him telling us that an entrepreneur does anything and everything that needs to get done. That’s a lesson that has stuck with us to this day.

Related: Tumblr's David Karp on Recovering from a Business Crisis

3. Clean up. People judge others by the way they present themselves -- how they look, how they dress and how they speak. It might be the latest style to wear eight piercings in your face and your pants around your thighs. But while this look might impress your friends, it's likely to repel adult vendors, customers, and potential mentors. Is that "fair"? We can debate that point all day long, but it won't change the fact that superficial judgments take place virtually every time we meet someone.

That’s not to say that individuality isn't important. So, let me clarify: I'm not talking about acting like someone you aren't. I'm simply saying that you already have built-in obstacles to overcome as a young entrepreneur, and you can amplify those challenges by dressing, talking and acting like your favorite rock star. My brother and I didn't dress in suits every day by any means, but we made sure we presented ourselves as professionals who took business seriously. As an entrepreneur, the key is to standout as unique because you've got it together, rather than standing out for less desirable reasons.