Style of Business Podcast - Page 2

New! SOB Episode with Artist/Musician & Producer Nkenge 1X

I had a great time speaking with the very talented Nkenge in this latest episode. We discuss Nkenge’s musical background, his passion for creating new material, his single and upcoming album. We also talk about how he’s taken his career into his hands and created opportunities for himself.

You can check out his single “Wayment” on Spotify or connect with him on Twitter @nkenge1xmusic

5 Key Mental Traits of All Successful Entrepreneurs

To be an entrepreneur, you must be…? How do you think that sentence should end? “Brave”? “Determined”? “Innovative”?

Truthfully an entrepreneur must be many things; more adjectives than five are required in order to call yourself a true and successful entrepreneur. However, we’ve selected five of the most common and essential traits required to either become or sustain yourself as an entrepreneur.

Risk-Taking

We often think of risk as a dirty word — in fact, isn’t it better to avoid risk altogether? This might be true in some areas of life, but in others the phrase “go big or go home” is one hundred percent true. Just like in gambling, sometimes a big risk results in a massive loss. Other times it means you get a big payday.

Without that risk, no matter the outcome, there would be no chance for that huge success. The risk doesn’t have to be monetary, either. Sometimes taking a chance on the little things can pay off in a big way.

Hungry

No, not in the way that means you want to go out to lunch. This kind of hunger is for success, knowledge and for recognition — maybe you’d prefer to call it “drive.”

A good entrepreneur knows that they have to keep learning, but a great entrepreneur is one that truly wants to. This kind of hunger is one that drives them to better themselves and take those risks.

Adaptable

Not everything will go your way all the time, and that’s not just a lesson for entrepreneurs to learn. However, it might be a lesson that entrepreneurs benefit from more than most. Sometimes plans fall through and an entrepreneur has to adapt to the sudden changes. Not every scheme will be executed perfectly, not every vision will be clearly seen and sometimes a completely foreign scenario works its way into the mix.

A great entrepreneur doesn’t give in to this uncertainty — they embrace it.

Responsible

Gone are the days of laying around on the couch and brainstorming about your big business idea — you’re going to be an entrepreneur, which means your life is going to drastically change if you want to make all of your visions realities.

Even though you’ll be your own boss, you’ll still have all the responsibilities that come with that position. It also means you’ll have to handle money, and hopefully lots of it, in a fiscally responsible way.

Gregarious

Sure there are ways to become a great entrepreneur as an introvert, but the more outgoing and personable you are? The better you’ll be at networking and selling your brand. Creating relationships among your peers and in the business community will be vital to getting your business recognized, and you can’t do that on a concept alone.

Businesspeople are usually outspoken, self-assured, and promoting. They know how to charm and talk to people in a convincing yet personable way. This kind of attitude also lends itself to sales — without being gregarious, the sales funnel becomes a lot more narrow.

It takes a lot to become an entrepreneur. How many of these attributes do you have yourself?

Keep a Work-Life Balance When You’re Starting a Small Business

Knowing How to Keep a Work-Life Balance When You're Starting a Small Business

If you’re an entrepreneur or a small business owner, you know how difficult it can be to keep your work at your office and your personal life at home. This can manifest in different ways, from answering work calls during dinner, to having to take care of neglected personal issues when you’ve set aside time for work.

The ideal situation is keeping both of these areas of your life completely separate. In reality, the more separate they are the more at ease and de-stressed you will be. When you keep your work at work and your personal life at home, you create a safe space away from stress while maintaining a professional area for productivity.

This can sometimes be impossible, though, when your life is revolving around getting a small business off the ground. Think about how much effort it takes to get your business off the ground – when there’s so much to do, is it possible to keep these areas of life separate?

The Answer Is…?

Yes. The solution is to be willing to sacrifice more home time to working, but the boundaries still need to be set.

Say that you get seven hours of sleep a day. This means you have 17 hours a day for yourself. Take away three hours for showering, eating, restroom breaks and other miscellaneous time for other needed functions. This means you have 14 hours to split up between your personal life and work.

In a normal situation, you may commit yourself to an eight hour work day, but during your business’ early stages you may need to make room for 10 hours devoted to work.

This isn’t a bad thing. A small business needs nurturing. The problem arises when after those 10 hours are spent, you’re still in business mode when you need to worry about your stress and rest.

The Solution

Setting up boundaries is the first step, then you’ll need to implement a way to maintain these boundaries.

One of the most obvious ways you’ll try to blur those lines is through your smartphone. This piece of technology symbolizes the line itself – you use your phone for both personal reasons and it’s also a great tool for business. The solution here is to separate the work-life functions of your phone as much as possible.

Learn how to turn off notifications for business emails when you get home and put your business apps in a folder that you keep on a separate phone screen. This commits you to the idea of “out of sight, out of mind.”

You’ll also need to learn how to commit to staying diligent and recognize that you NEED time away from work. When you rest at home, you aren’t slacking off or being lazy – you’re giving yourself time to recharge and relax in order to better your work performance.

This means being very diligent about where your boundaries are. Try this method out: when you get home, leave your phone on an end table or in a drawer for an hour to help wean you away from the idea that you need to work while you’re at home. The more you separate yourself from the idea you have to keep working at home, the less you’ll feel compelled to do so.