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4 Perfect Tips On How To Overcome The Fear Of Starting A New Business

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Ask yourself today, is it the right time to start a new business? What if my business fails? The fear grips many people to start the business at the right moment. Many people feel they have no prerequisite knowledge or experience to start their own business. The fear to risk your small money into an unknown or uncertain business is called the fear of starting a business. No doubt, these are some of the worries that stop many people from starting their own businesses. There are also many important steps to know when doing any profitable online business.

In fact, some people will have the right plan but taking the first bold step is always the hardest. Let’s now analyse some perfect tips on how to overcome the fear of starting your own business.

Failure Is Part-and-Parcel Of Business

The fear to fail has tied down many wonderful business plans. When you ask any individual why are you still yet to start a new business after drafting a beautiful business plan, the response will show that even with the drafted a business plan some years ago, the answer will be the fear of failure. Nothing invested, therefore, nothing gained. You have to be aware that failure is part of the business. It is a risk you must take though nobody invests money with the aim of failing.

However, when it happens that shouldn’t be the end. Though many people think if they fail, how will they survive? No successful or flourish business without a story that says failure. Have a long term objective which a temporary failure can’t affect. Therefore, if you fail to achieve your objective in your first 3 years because it happens. Then, you are bound to make something big in future. No sweet story without a bitter experience.

Still Waiting For The Perfect Plan

Waiting for the perfect plan? It means you are not ready to start anything. Many people who want to invest will say they are waiting for the perfect plan. What, perfect plan or perfect time? There is nothing like that if you really want to start something. The process of waiting for the perfect plan or perfect time will only stumble you into procrastination. The fact is that there is nothing like the perfect plan or perfect time. Business has no perfect secret, the secret is that, start something and keep up with the trend. You need to know that business is a journey of which has no destination. The secret is simple, learning from mistakes in the process and you become a mogul.

Have A Leader or Mentor

Nothing is new except you reshape what has been done in the past. That is, you start from where someone has stopped. Business is the process that needs someone else guidance. It is just like a baby that starts its early life stage with crawling before walking. This process is the same when it comes to business. You have might the skills, knowledge or even a bit experience but no matter how groomed you are, you will still face some challenges in the business. Though there are challenges try to learn and avoid those mistakes in business as a starter.

However, you will reach some stages that will scare you of selling your business or shut it down. At this moment, your mentor will come to your rescue to give the confidence you need at that moment. You need a mentor that can give necessary motivational words to progress your business, he will guide on how to overcome the challenges.

Never Put All Your Money In One Business

The proverb says, never put all your eggs in one basket. Do you know why? What if the basket falls what will happen? You get it, all the eggs will spoil. Which interprets very well in the world of business that, don’t put all your all money in a single business. No matter the returns of such the business never dare to put all your funds into it. It might even a business with a minimal risk but big returns on investment, don’t put all your money in to be safe. It is called business, unforeseen circumstances can happen within a short period. Such risk you want to take will be regarded an unsystematic risk. Finance experts do say, nobody is compensated for taking an unsystematic risk.

 

CONCLUSION ON STARTING A NEW BUSINESS

In conclusion, it has been obvious to all that starting a new business or investing money into something new has been a major challenge for many people. Why should start something that would fetch cash be a major challenge? Yes, it is because many are afraid of failing. Therefore, I think the above-mentioned points will help. The fear can be overcome with the tips above now, you can start a new business of your choice. Invest your money wisely into business. As the business success mentality words go; the winning formula is not thinking about how to do it but actually doing it.

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Saminu Abass Ola who is popularly called ‘Mr. Possible‘ is a young motivational and inspirational speaker and writer, who is also the brain behind this wonderful blog. He is also passionate about Social Marketing. He believes in the abilities of others and tends to bring out the hidden potentials in people’s lives through his motivational articles and words of inspiration.

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Business

Amazing Tips for Overcoming Fear of Starting a Business Venture

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Is it the right time for me to start a business venture? What if my company fails? I do not have enough experience to start my own business venture? Should I wear my tedious work at the office to go to the unknown? Well, these are some of the concerns that prevent many people from starting their own business venture. Indeed, many will have the right plan, but taking the first step is always the hardest.

These are some fantastic tips to overcome the fear of starting a business venture.

Failure is a part of the business venture

Asking why they should start their business, although they set up a business plan five years ago, the majority of people will say they are afraid to fail. If I fail, how can I maintain my family? Will not I get into a much worse financial position? It is true that most companies fail in their first three years. However, it is also true that even the most successful businesses did not fail once, not twice but many times before they even broke.

 

There is no perfect plan

I’m waiting for the complete plan before taking my business trip. My plan still has a few grey areas and will not work. The truth is that there is no perfect plan. Unfortunately, many people spend a lot of time on the same idea or postponing. Business is a journey and no destination. And the only way to be successful in learning the mistakes. The sooner a person accepts that there is no perfect plan or perfect timing, the easier it is to start a business.

 

Search for a mentor

Just like a child starts to crawl before he walks, business is the same. It did not matter how competent and informed you are, starting a business comes with its challenges. One of the most common concerns is lack of confidence or proper guidance. Such problems can be overcome by looking for a business mentor. A good mentor will have hands-on experience with a similar type of company. He will guide you and minimize errors.

 

CONCLUSION

As long as we remember, starting a venture has always been a big challenge. The main reason for not going into business is still due to failure. This probably explains why two-thirds of Americans are employed. The above tips for overcoming the fear of starting a business venture will be useful to any ambitious entrepreneur. The winning formula does not reflect on how to do it but do.

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Reasons You Must Not Use Your Personal Email for Business

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Personal email accounts are accessible almost everywhere. They are types of mail you use to receive messages from friends and family members. Most personal email services have web-based mailboxes, where you can read, write and edit emails from any computer. Though there are some email accounts that can only be opened at work, such is described as a business account. As an adult, you need characters and skills to keep up career.

Do you wonder how many employees use their personal email accounts for business purposes? Who uses your email for personal reasons?

Business and personal emails are two different things. Every entrepreneur or business persons must have both personal and business email addresses. These two email addresses must be separated and used for different reasons. Though there are some jobs that don’t require you to differentiate the two email addresses. However, there are some which you must have different emails, such as Sales representative, Accounting related job, medical health, freelancer, Marketing officer, Administrator, Credit Analyst, Agriculture Inspector, small business, combining entrepreneurship with health profession, engineer and many more.

The capabilities of each email address depending on the type of personal email account you choose to use and the type of account you have. The call to have two different accounts also mean there are different functions for each.

See these 3 good reasons why you should not use personal email for businesses.

It is not professional

Professionalism does not require informal activities. The communication through your email about your personal life is not professional. Therefore, it will be wrong to use a personal mail for an activity that requires a business email address.

Also, it would be abnormal to use your business email address to chat up your friends or family members. You should also know what to use these different emails for. Many officials likely to reject your mail is not sent with an appropriate email address.

If you are an employer or external translator, your personal business email may have been subject to an impairment. This can increase the risk of inappropriate communication and lost email. Also, if you are sending messages to other companies, business experts or customers, it will be wrong to use your personal email address.

Moreover, sending important information with your personal email does not look professional. Communicating with a potential customer using your personal email address as your primary email address does not look impressive.

 

Reduce privacy

Privacy is one of the things professionalism value. Personal communication using business email address is risky. You need to be careful how you use your email address when you are at the office. Many employees are not cautious of this situation. Men often use personal email for business communication, log in to their accounts and send emails regarding their work.

 

It is a security risk

It is crystal clear that many people use their personal email more often to communicate at work. However, it is risky for business security. The fact is that the files transferred might be vulnerable to viruses and other malicious activities as mails go in and out.

The use of personal emails for work is a risk that that can even cost your job. However, before you send any sensitive information, you must take operational safety into account and bear in mind that you have signed any document that prevents you from sharing important information. Security risk would make an employee to be responsible for the leak or lost information.

 

CONCLUSION

If these reasons stated above are not enough to stop using personal email for businesses, consider combining work and private life. We believe every individual needs safety tips for your career. Though we would advise you to have both personal and business email address for their different purposes.

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Why Most States in Nigeria Cannot Pay Workers Salaries – Dr. Joe Abah

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 This morning, I want to talk about why I think some states don’t pay workers salaries. As always, my intention is to explain, not to justify. It is immoral and wrong not to pay ANYBODY that has done agreed work, both in public and private life: civil servants or domestic staff.

Many states are public service states. In some, the main economic activities in the state revolve around the public service. The only good jobs available are public service jobs. Public servants are the elite. Everybody’s ambition is to join the public service. It’s prestigious.

The public servants are, if you like, the representatives of those in the rural areas. They are the educated elite who tell others what to do, even what to think. The salary of each public servant supports 30 dependents. They know how to write petitions. You don’t mess with them.

Because each salary supports 30 people, having high salary costs as a percentage of the budget is not seen by the people as a big deal in the states. It is seen as a means of direct distribution. So, a governor MUST recruit, pay and do infrastructure. Borrow, if necessary!

In some cases, personnel costs consume as much as 90% of state resources, even though the public service of that state is much less than 5% of the population. If you sack people, you’ll lose elections. It’s that simple. You may be forgiven if you sack AND REPLACE, like el Rufai.

So, you have less than 10% of resources available to spend on infrastructure, healthcare, education, security, youth, etc. As a governor, you know that if you don’t build roads, you’ll lose elections. If you don’t build gigantic structures in bricks and mortar, you lose elections

Now, assume that you defeated the incumbent governor to become governor. A month before he hands over, he will recruit an additional

10,000 people and dump them on you. They’ll report for work IMMEDIATELY! When you are sworn in, to sack them is a problem. To pay them is war.

At a point, Ekiti State which has about the smallest allocation from the Federation Account had the largest civil service in the country: 60,000 people. Even the Federal Civil Service is only 82,000 …and some people say it is bloated. You take over as a governor, in shock!

Now, the public service in the states is TOTALLY politicised. EVERYBODY ACTIVELY belongs to the ruling party. The main preoccupation of the civil service is party politics. Any contestations are within the same party. The only exception I’ve seen is Ekiti: about 50% APC; 50% PDP

Remember I said if you don’t do roads and build white elephant projects, you’ll lose. The same civil servants will tell the whole world that you are not doing anything, so you are not sure of their loyalty. There is no money. People that invested in your election are waiting…

So, to get anything done, you have no choice than to borrow. If you ask your Ministry of Works or Education to give you a quote for re-roofing a school, they’ll quote N50 million. You know you can do it for N5 million. You ignore the Ministries and do it yourself directly.

Because each successive governor has ignored them, they haven’t done any work in years and years. Any capacity they came to the Service with is now COMPLETELY lost. Indeed, you’ll need some convincing that some even have degrees. Many have fake degrees but that’s for another day. So now, as a governor, you are asking yourself why you should be spending 90% of State resources on this “useless, unproductive” 2%. You find it totally maddening. Also, you can’t raise taxes either. You can’t make enough money to be politically independent of your political sponsors.

Because capacity is so low and the cost of going through the public service is so high, you bring in your own staff and just award contracts from government house. You decide to throw a big party for your wife. The civil service prepares its dossier for EFCC when the time comes.

workers salaries

The choices before you are stark:

  1. Do the right thing, sack some and risk your political future
  2. Continue to pay them, do no projects and lose re-election
  3. Borrow massively to do projects and leave the Federal allocation to them
  4. Raise IGR, annoy market traders and lose.

Many governors will choose Option 3 and borrow massively. The problem comes when you’ve borrowed so much that you can no longer service the debt. You can’t afford to default on your loans. FGN guarantees international ones and will deduct at source. Also, local debtors don’t give time.

All of a sudden, you realise you can’t pay workers salaries. You promise them you’ll pay. Don’t forget that 30 people depend on EACH salary. The heat is so much that you start looking to borrow more. If you get “bailout funds”, you either want to do projects or pay other debts.

Since the public service has captured 90%, if you don’t do projects, you don’t make any money for yourself in kickbacks. So you build schools nobody needs, a state university or even an airport with the bailout funds. You continue to owe, and that’s how the cookie crumbles. End!

Join the trend of workers salaries here https://twitter.com/DrJoeAbah/status/962235146933071872

 

Follow Dr Joe Abah on

Linkedin: https://www.linkedin.com/in/DrJoeAbah/

Twitter https://twitter.com/DrJoeAbah

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Cultivated Workplace: 4 Tips for Keeping a Clean Office

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Collectively working together in a small space is a great way to build friendships and collaborate on projects. However, that can only be accomplished if it is a pleasant place to work. One of the key ways to a pleasant workplace is a clean office. Because of all the time employees spend in the office, it should be treated just short of being a second home when it comes to cleanliness.

Here are the four of the best ways to keeping a clean office.

Point out Benefits of Clean Workplace

There are several hidden benefits of clean workplaces that most office workers may not know.Coming into contact with this bacteria every day is going to lead to illnesses, and effect not only productivity but morale. Once everyone in the office knows the benefits of a clean office, then they will work much harder to keep it clean than ever before.  A clean office will instantly boost morale and productivity of every worker. It will also help improve the health of everyone in the office. Bacteria loves to live in dirty confined spaces.

Create a Cleaning Schedule

It can be hard to get office workers to focus on cleaning when they are so focused on their job duties, so cleaning must be scheduled into their regular workday. The best way to do this is by dedicating at least one day a month to just cleaning the office. You may also want to make every employee responsible for cleaning one small area of the office throughout the week.

Stock the Office with Cleaning Supplies

It is simply impossible to keep an office clean if it is not stocked with the right cleaning supplies, like those offered by Mailander. This allows anyone to grab the right supplies any time there is a problem. Seeing the cleaning supplies every day will also remind everyone that they need to keep the office tidy. There is no excuse for having a big mess when there is a fully stocked supply closest.

Point out the Problems

If the office is going to stay clean over a long period of time, then there needs to be a way to report any problems. Put up a bulletin board that allows employees to complain about dirty areas of the office. This will create more awareness for the problem while also making everyone more responsible for their cleanliness.

Nobody wants to come into a dirty office every day. This makes it vitally important for every successful business to maintain a clean workplace. Implementing these four tips will instantly solve any of the cleaning issues in your office.

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Career Tips: 4 Ways Working Adults Can Update Their Skill Set

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You love your career but sometimes wish you were more knowledgeable and adept at your everyday tasks. You want to improve and progress in your company, possibly to a management or executive level, but don’t quite know where to begin. Furthering your education and your day-to-day skills can be accomplished by:

 

Taking Night and Weekend Classes

One of the best methods in which to improve oneself is to begin taking classes to keep up with others in your particular field. If you have been out of college for quite some time, be aware that much has changed in many job areas.

Choose the classes that will help you in your current career the most. You can also choose those classes which will prepare you for the next step up from where you are. You may say you cannot afford to go back to school right now. However, the truth of the matter is, you cannot afford not to.

 

Taking Online Courses

An excellent option for those with little time, with no reliable transportation, or with small children at home is online coursework. Courses in accounting, nursing, business management, and much, much more await the online student. Never before has the internet opened up so many possibilities for furthering an ambitious person in the work world.

For example, if you are a software engineer or web developer, it may assist you greatly if you took a course in coding languages, specifically Angular JS. This will help you create new and exciting applications in HTML. If you work in either of these careers and don’t know what these are. It is all the more evident that you need to take the online classes available. It is also important to learn more about these web applications.

 

Seeking a Mentor

Is there a person in your company whom you really admire? Is there an individual whose work ethic and decision-making skills are stellar? If there is someone whom you’d really like to learn from, approach that person about a mentoring arrangement.

A mentor is an individual who guides you toward those skills that you really need in the career that you are pursuing. They work either in the same career that you do or something similar. They also advise you and introduce you to the right people. This type of person is not afraid of sharing his success secrets with another individual who admires his capabilities.

If you cannot find a mentor, choose a famous person who has made it big in the field that you are working in. Read their biographies, outline their career steps, and learn from their mistakes.

 

Attending Seminars and Networking Events

If you really and truly do not have the time to attend regular classes. There are many evening and weekend seminars that you can attend to update yourself on various aspects of your job. Here you will meet others with like-minded goals and objectives.

And sometimes it is not what you know but who you know. Meeting the right person at exactly the right time can further your career more than any course of study. It is important to meet and greet individuals at networking events as they can be of huge assistance to you. They can be knowledgeable of openings that you might be interested in, training that is available or even is willing to show you the ropes in a career that you may be curious about.

 

CONCLUSION

If an individual really desires to stay abreast of trends and changes in his industry as well as increasing his skill sets, he will find a way to do it. If he doesn’t have time to engage in some of the preceding suggestions, it is important that he makes the time. This is what will help him become productive and successful in his chosen career.

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