What are The Core Qualities of a Successful Entrepreneur?

What are The Core Qualities of a Successful Entrepreneur?

As an entrepreneur, one of the most important things you can do for yourself is to set up a feasible work-life balance. When most people start their business, they eat, sleep, and work. From their life experience, they understand the real meaning of hustle and persistence. Their entire focus is on building something successful. In this race of success, they can let work consume all their life. So in this article, we will tell you about the core qualities of a successful entrepreneur you should introduce in your life.

Core Qualities of a Successful Entrepreneur

Balancing the demands of your business with your everyday life is critical to you and your business’s well-being. Now we are going to discuss some easy qualities that can help entrepreneurs easily manage their work without affecting their normal life. 

Plan Ahead

Plan Ahead - Core Qualities of a Successful Entrepreneur

Preserve your schedules and give attention to your time. It’s great to mindfully organize meetings with clients and potential customers. Describe your need to provide them your entire attention and support. After that, offer fitting windows of time in which a meeting can take place.

Take some break

Taking breaks at work can increase productivity

It’s essential to know that spending your time away from work can assist you to remain focused while you’re at the workplace. It’s not about the amount of time you sit at your workstation, it’s about the number of quality hours you spend at a task with your full attention.

It takes many efforts to recognize and accept that getting some pleasure out of your time off is beneficial for your mental well-being. Besides, what’s good about having a successful business if you can’t take some time off and enjoy life?

Hire the right people

Hire the right people

The next thing is to hire smart people who can effectively manage your business in your absence. It will enable you to take some days off and spend more time with your family. This is the reason why employing suitable people is important. Or else, you will end up losing your own time to keep the business growing and ultimately wear yourself out.

Use business tools

Timelo - Time Tracking Software

There are numerous of business-related services and tools available online. Rather than trying to manually perform your tasks, look into apps and software that can assist you to automate and streamline your business. This saves time and money in the long-run.

For instance, Timelo is a cloud-based time tracking software to keep the record of worked hours for billing, payroll, and other processes.

Stay Healthy

Stay Healthy - Core Qualities of a Successful Entrepreneur

It’s difficult to encourage and inspire others when you aren’t healthy. It doesn’t matter what kinds of sales you’re bringing in, if you’re not taking care of your body, it won’t be sustainable. Put self-care at the top of your priority list. Exercise, consume a healthy diet and sleep 6-7 hours per day. 

These are just some easy techniques with which entrepreneurs can balance their personal and professional life. In the end, it all depends on the individual what he wants to do with his life.

 

Why Team Building is Important for Your Business?

Why Team Building is Important for Your Business?

You would be familiar with how difficult it is to deal with the responsibilities when the team isn’t sufficiently collaborated if you work for any firm. Projects, like solving problems, collaboration, and reaching the company’s goals, need the team to work together and each team member should thoroughly prepare to cooperate. But when people aren’t on the same intuition, it is very difficult to deliver the highest quality of outcomes. In this article, you will learn why team building is important to get the desired goals.

Why Team Building is Important?

Team building is a cumulative term for different types of exercises used to improve social associations and determine roles within teams, often including collaborative responsibilities.

Why Team Building is Important?

Team building implies the presence of correlations between the employees. Most of the businesses are based on a particular hierarchy; consist of the teams managed by the team leader accountable for the allocation of the duties. The way they’re leading the team of different characters is the key to success – the more energy they put them to work together efficiently, the greater the results team scores. 

What is Team Building?

Unluckily, it’s usually different from reality, particularly when the business owners are profits-oriented and don’t care about the process the objectives are achieving. The lack of precise project management results in inadequate communication and surpassing deadlines. So the question is how to avoid all these problems?

Benefits of Team Building

Team building or teamwork is an accurate solution to this. The process involves every single action that influences the group of people to become a one, progress-oriented structure. Each of its measures should be concentrated on employees’ progress, unleashing their creativity, highlighting their strong points.

Teamwork

Team building means spending time as a team together and in fact, it doesn’t need too many funds to invest. One of the most affordable options is just ensuring your employees a lunchtime when the teammates can just enjoy the meal together. Such breaks can also use to build the relationships between the departments – sales team, marketing team, dev team, and leaders can just spend some time in person because in the online collaboration age we’re lack of face-to-face communication.

Why Team Building is Important?

As you can see, team building needs social intercommunication. Managing a team of individuals can be difficult and sometimes causes a true headache, but directing team-building gatherings can help manage the process quickly and efficiently.

Project Management Skills You Need to Learn in 2020

Project Management Skills You Need to Learn in 2020

Being a project manager does not mean sitting on a head chair and giving orders. A project manager is liable for inspecting a project from its initial stages to outlining and all the way through to finish and delivery. And all of this happens after managing the project team, assigning their tasks and responsibilities, observing their progress, all while being under a strict deadline with a restricted budget. In short, being a PM is not easy. So here are some project management skills you need to master to become a successful PM.

Project Management Skills

In this article, we have included some basic and crucial skills a project manager needs to have in today’s rapidly developing world, why they are so essential to have, and what you can do to master them.

Communication

Communication - Project Management Skills

One of the basic skills for project management is communication and essentially, a project manager’s job consists of communication with their team, with entrepreneurs and merchants, with project stakeholders and even clients. That’s why being qualified to carry one’s perception, opinions, and thoughts in a way that’s open, practical, and simply recognized, as well as being able to understand others, is an outright necessity.

Negotiation

Negotiation

Right after the communication comes negotiation. Executing a project is much like politics. It usually involves a group of different people, sometimes with different aims and opinions, and it’s the PM’s responsibility to find the middle spot and make certain that everyone is satisfied. A good project manager is being able to get everyone on the same platform and find a solution on which everyone agrees, or at the very least nobody feels their idea is neglected, is an ability that every successful project manager needs.

Leadership

Leadership

If there is one skill that describes the role of a project manager, it’s leadership. As a project manager, you don’t just supervise people around, you lead. You set the idea, set goals, and drive your team members to achieve them. And it’s your responsibility to make certain that everything along the process is going fine at all times – issues are quickly dealt with, any proposals or inquiries are discussed, and team performance is always observed and assessed with timely feedback.

Planning and Scheduling

Planning and Scheduling

Another one of the basic skills needed for successful project management is planning and scheduling. Without a plan, there is no project. So the strength to establish the project goals and split them down into actionable tasks. Good planning includes things on both the larger-scale – outline scope, material requirements, timelines, assessments, deadlines to smaller, as well as more ordinary things – organizing your projects throughout the day and making a to-do list with your everyday goals.

Risk Management

Risk Management - Project Management Skills

Directly linked to planning is risk management skills. Planning a project always involves several risks. Things can go reverse; it’s just the nature of business. And it is your responsibility as a project manager to analyze those risks to make certain they don’t become obstacles, as well as have a substantial plan for how to alleviate them if they do.

Time Management

Time Management

A big duty of being a project manager is determining and communicating what your team will be spending their time on, as well as keeping control of your own time. And this is where a strong grip on time management becomes really important. As a person in charge of a team of people with dozens of various tasks, there’s an unending list of things you need to be aware of at any given time. A good project manager can quickly decide which tasks need preference over others, what tasks are the most critical and should be worked on right now and which ones to delay for some time.

How to Develop Creative Problem Solving Skills?

How to Develop Creative Problem Solving Skills?

If you want to develop creative problem solving skills in yourself for whatever the field and profession you are working in, you need to develop some certain qualities and habits in yourself to be a successful person in whatever the problem fate throws at you. So what are those qualities and habits? Keep reading to know that.

Problem Solving Skills

It is generally said that creativity is all about going with the flow. While, in a professional situation where you need to achieve the required result on time, it’s not really true: the “flow” in its common sense can lead you anywhere, anytime. To make your creative processes more likely and flexible, certain skills are needed. So here’s what that will encourage you to develop creativity and start discovering non-trivial solutions.

Self-Consciousness

Self-Consciousness

We usually think within the preset designs and frameworks. We permit them to determine our preferences and ideas without realizing that, which drives us to superficial solutions and stereotypical situations. Groupthink and other traditional preferences hold back our productivity skills, making us perform and conceive “the same traditional way”. Being conscious of these patterns and preferences exposes the way to productive strategies and more effective techniques to manage obstacles.

Analyzing the problem

Analyzing the problem - Problem Solving Skills

The way you solve a problem is determined by how you analyze it. The ability to disengage yourself from the problem and look at it from outside is what assists get accurate framing of the problem. Furthermore, asking questions on why this is a problem and what consequence would be deemed best can point the idea to its adequate solution.

Using a systematic approach to think

Using a systematic approach to think

This is where creativity is not about “going with the flow”: creativity doesn’t just happen – you need to produce a proper structure where creative ideas can develop. Systematic thinking is what controls the process of getting ideas and assists you get rid of preferences, patterns, and limitations. 

Empathy

Empathy

Being empathetic means being capable to understand other people’s requirements, emotions, motives, etc. without judging them. Being empathetic helps to be understood and get solutions that work for others. It also implies being exposed to fresh ideas and strategies. While you don’t certainly need to coincide with other people’s points of view, you can use their idea and proposals to develop or improve results that you need to deliver.

Increase your knowledge

Learn everyday - Problem Solving Skills

The last rule is to never allow your knowledge, skills, and ideas to deteriorate! Use your free time to learn more about problems you face, communicate within your society to learn about other experts’ opinions, and invest in your basic expert abilities by taking workshops and attending events.

Simple Tricks to Help You Start Working Remotely

Simple Tricks to Help You Start Working Remotely

With ongoing worldwide health issues due to COVID-19, working remotely is the go-to framework for most of the firms that run in the customary office-working environment. While for the majority of startups and tech corporations that’s nothing new, some employers and their teams might deem this as a big difference in the way they work. So we have decided to share with you some easy tricks that assist you to start working remotely with much more productivity.

Start Working Remotely

If you’re new to the concept of working remotely, there’s a huge chance you might have some issues about keeping good work performance not only as an exclusive worker but also as a team that you’re part of.

Create your home office

Create your home office

Try to build your home office to improve your productivity and keep you concentrated. It can be a simplistic desk somewhere in the corner of your room or it can be an office in a separate room. Provide yourself a peaceful working environment that will help you to perform well.

Log your time

Log your time - Start Working Remotely

Time management is one of the fundamental features of keeping self-discipline at work. Otherwise, you will get stranded in your daily assignments. Keep the record of your working hours and performance. If you want to keep things more simple and clear, give a try to Timelo which is giving a 15-day free trial with no credit card required.

Create a daily routine

Create a daily routine

People who work daily have it more manageable. They get up in the morning, go to work, come back from work, and leave all the issues related to working at the office. That’s why it is very necessary to design your remote work schedule. Once you set a goal, then stay stick to it.

Take breaks

Take breaks at work - start working remotely

Don’t spend your entire time sitting in front of a computer as it does not mean more time more productivity. Get up and do some exercise maybe even 10 minutes of yoga practice. Keep your mind and body refresh and motivated. Don’t let yourself burnout. Having regular breaks from the screen time can help you to stay focused and creative.

Log off

Know when to stop working

In the regular office environment, you can log-off when you are done and accomplished your daily goals. But when you are working from home, it can be complicated. So what’s the solution? Just set a non-negotiable hour by which you stop working after giving your full potential.

How to Get More Done in 2 Hours than in a Day?

How to Get More Done in 2 Hours than in a Day?

There are many situations when you think you have not done enough even if you have spent a whole day on it. To know what is refraining you to get things done; you should pay close attention to the pattern or way of your work. It is not about how much you give time to a specific task, it is about how and when you give your time to a specific time. In this article, we will show you how to get more done in less time.

According to some researches, it is found that the employee’s productivity and focus are on the peak for three hours in a working day. After that, the graph of productivity starts to decline. If you know how to use your time, even these three hours are sufficient to get desirable results.

How to Get More Done?

How to Get More Done?

Thinking you’re going to be 100% focused for an entire day is naive at best. Instead, you simply need to accept your limitations and then optimize your day around them. Two hours of intense focus can yield more results than a day loaded with meetings, emails, calls, and tasks.

Find your optimal time to work

Find your optimal time to work

We all have moments during the day where we’re naturally more active, concentrated, and productive than others. If you can schedule your focused time during these times, you’ll easily get more out of them. We all have several factors that define when we’re most prolific. But if you’re uncertain, the morning is a reliable spot to begin.

Provide yourself a suitable environment

Peaceful Workplace Environment

You need to provide yourself the suitable environments to take benefit of that time. That involves optimizing how and where you work as well as making sure you’re beginning the day with competent energy.

Start by eliminating the outside distractions from your surroundings. This implies finding a peaceful, uncluttered place to keep you stimulated and focused. Remove things that are simple to access and that take your concentration away, such as your phone or even your to-do list. 

Prioritize your work

Prioritize your work - How to Get More Done?

The aim here is to use your most eminent energy, peak productive hours to make a substantial improvement in your most critical work. What you decide to spend your time on should be important and urgent. If the rest of the day gets consumed by meetings, calls, and important tasks, you should be able to look back on it and know you got something meaningful done. You can use Eisenhower’s decision matrix to prioritize your work.

Listen to your body, not the clock

Listen to your body, not the clock

While we’ve been practicing “two hours” as our guide for this whole method, it’s not a command that’s set in stone. Pushing yourself to work when you’re missing your focus and energy will only lead to burnout. Rather, you need to preserve your concentration by giving yourself time to heal. Just take breaks in between your work. Keep yourself hydrated and energized.

Making your daily highlight each day guarantees that you feel fulfilled and accomplished at the end of the day. But it doesn’t mean you have to stop there. Use the rest of your time to make advancement on important tasks and catch up on conferences, meetings, and other updates. 

Strategies For Business Survival in Crisis: Business Guides

Strategies For Business Survival in Crisis: Business Guides

We often face times when our business suffers a crisis. With the spread of coronavirus pandemic over the world, for many firms and stakeholders, such a time has come. We’ve all endured the consequences of COVID-19. But for businesses, it’s way more serious than just being isolated at home. What to do and how to manage crisis management in such stressful circumstances? Here is business guidance for survival in a crisis.

Guidance for Business Survival in a Crisis

In this article, we will discuss some techniques that will help you to handle your business in this difficult time.

Guidance for Business Survival in a Crisis

What Is Business Crisis Management?

When an unforeseen situation interrupts your business’s performance, it endangers the company and the stakeholders. You need to respond promptly to find some useful ways to avoid the menaces and eliminate the crisis as soon as possible. And that’s what we call business crisis management.

Business Guides

Businessman Stop Domino Effect. Risk Management and Insurance Concept

It’s a method comparable to risk management; though, as Jodie Willmer, an expert in strategic planning, governance, and risk, defines the main difference between the two. In risk management, you need to identify, assess and mitigate any activity or event that could cause harm to the business.” In contrast, crisis management is related to “responding to, managing and recovering from an unforeseen event.”

How Do Organizations Manage Crisis?

According to some business analysts, there are three types of business crisis management:

  1. Responsive crisis management: providing a strong crisis management program, so when the crucial time comes, the business has all the essential means to manage it. It can normally be seen at companies with influential market culture and a reliable business plan.
  2. Proactive crisis management: this type of process occurs when a business is suspecting the crisis to occur; it provides a management crisis strategy and executes it accordingly.
  3. Recovery crisis management: this type adopts a scheme where a business discovers the root of the crisis that it’s suffering and takes appropriate actions to resolve it.

These, of course, are common strategies for crisis management. Though, in an unanticipated crisis of unfavorable situations, it may not be useful to use such tactics. That’s where you need to refocus your efforts on more beneficial techniques.

How to Make Project Cost Breakdown?

How to Make Project Cost Breakdown?

Every project needs a proper planning before execution. Making work scope and estimating the time and resources for the completion of any project because it provides the basic idea of the next important step; estimating project cost. Though initial estimates are hardly accurate, it is possible to increase the accuracy by creating project cost breakdown and in these business guides will help you to do so.

In any case, clarity and logical structure of the cost breakdown is a must. Structuring a cost breakdown clearly and correctly is a tedious task, but it is important for future communication with clients and for a better understanding of how costs can be managed in the course of the project.

Project Cost Breakdown

In different project evaluation schemes, project cost breakdown can be used for producing more precise assessments of the ultimate figures. Given below are the tips to create a project cost breakdown.

Expert judgment

Expert judgment - Project Cost Breakdown

Experts’ evaluations used to make up for the lack of transparency in existing cost breakdown can control cost drivers where more clarity is needed. While this approach is used to come up with more precise calculations, a notable difference between the planned and the final figure is still possible.

Analogous estimation

Analogous estimation

Comparing estimations based on cost breakdown for earlier projects with new similar ones assists improve estimation methods and get a more detailed evaluation of project costs, profitability, and overall outcome.

Bottom-up analysis

Bottom-up analysis - Project Cost Breakdown

Planned project costs are structured on the basis of the costs of small tasks, services, and product parts. High efficiency is obtained by taking into account all cost drivers, including costs of everyday works, overhead, and potential extra costs.

Top-down analysis

Top-down analysis

A top-down cost structure can be used for coming up with a ballpark assessment of the final cost. When using it, it’s necessary to factor in different supplementary costs not included in the initial assessment.

Parametric estimation

Parametric estimation

This estimation process can be used with cost structures where cost drivers are predictable and calculable. On the basis of existing data, various parameters can be determined with a high precise degree.

How to Leave Work at Work?

How to Leave Work at Work and Avoid Working Weekends?

In today’s fast world, work means the world to a lot of us. We are working continuously even while we are not physically present at the workplace. As technology is surrounding us all the time, it is almost impossible to disconnect ourselves from work. In this fast work race, we quite often ignore the other important things in our life. Though work is important, it should be done in a balanced way so that it doesn’t affect work-life balance. In this article, we will discuss how to leave work at work.

Leave Work at Work

Some latest investigations prove that productivity levels decrease significantly if we work over 40 hours a week, there should be sufficient time to relax and just let go, spend quality time with family and buddies, and do other extracurricular things in life you find happiness and relaxation in. 

Pay attention to your rest

Breaks are important at work

Treat breaks work as a necessity for your body to proceed with physical and mental health. Breaks are necessary as they serve to decrease pressure and exhaustion, stop burnouts and procrastinate. Usually, if you leave yourself to take time off it will pay back during the workweek. This is something you earn and should address with regard and recognition – like a doctor’s prescription. Sleep is essential for our well-being, the same is rest after continuous working hours.

Secure your free time

Secure your free time

Try to find out the ways to protect your valuable time off. It may be advantageous to turn your phone to the silent mode and put your laptop in a separate room from where you spend your free time. The less you use your means of communication with work the better. It doesn’t mean you are out of reach in case of an emergency in the office, just be adaptable. You can check your e-mail box in the evening after dinner and check for missed calls on your phone a couple of times a day. Technically you are still accessible to reach out, but on weekends and holidays, you should take control of your time, not your supervisor or co-workers.

Don’t make working weekends a norm

Working Weekends

Of course, there are times when most of us have to take work home. It is sad but unavoidable. It is OK if it is not often. Just make sure though it is not becoming a regular practice. Yes, it can happen, but do not let it become a habit. Learn to say no if your manager violates your duty time. The ideal way to do it is to prioritize tasks and present your manager with practical time estimates on each of them. In case something critical comes your way on Friday, delay all the other tasks and concentrate on the new one to be able to complete it before the weekend begins.

Plan ahead your free time

Prioritize your work - Leave Work at Work

If you have a precise knowledge of the stuff you will do after work it will be more comfortable to forget about your project and tasks. For instance, make two to-do-lists: one for work and one for time off. If you manage them fairly as two phases of your time, you will be still in the business mode when you have to do things and have deadlines to meet. This will assist you to avoid a compulsion to return back to work after breaks and will leave a sense of achievement from free time well spent.

Make routines

Make routine

It is in human nature that they get used to a routine. The most helpful thing is to set a specific pattern to your life that covers working hours and free time. It may seem shallow but there should be a definite borderline between various kinds of our routine activities. Routines bring order to our lives and decrease stress and anxiety. They are an efficient time management tool known from an early age.

All the above-mentioned tricks will not need a lot of stress or extra time from you. Look for simple time management tips that will help you to improve your life-work balance. The important thing is to understand the importance to leave your work at work and keep up with your life.

How to Make Your Workplace a Happy Place?

How to Make Your Workplace a Happy Place?

Every firm believes in the fact that their employees are their most valuable assets. Without them, they would not be there where they are now. So it is important for the company to provide its employees with a happy environment within the office that makes their work more interesting because happiness has a direct influence on productivity. Here is how you can make your workplace a happy place.

Make Your Workplace a Happy Place

We are not essentially talking about weekly parties or annual trips. These are the simple modifications you can introduce in your office that will make your work more enjoyable.

Have a gaming area

Gaming area in the office

If you want your team to stay focused and refreshed, you should be supporting them to take frequent breaks. Of course, you need them to have their breaks away from their desks, so try to provide an enjoying and relaxing break out area where employees can go for some minutes to refresh their minds. You can have table tennis or snooker in the corner of your office or if you have a big office, you can also make space for badminton or other indoor games.

Decorate

Make Your Workplace a Happy Place

We spend a significant amount of our time at work so it’s necessary not to dislike our office. If you want your team to relish and satisfied being at work, make sure you give a workspace that’s beautiful and attractive but also favorable to productivity. Note that, your office is a reflection of your company. Furnishing it in accordance with your firm will support your team to stay in touch with it.

Promote socializing

Socialization in office

Socializing with coworkers can bring a wonderful impact on productivity and staying motivated on work because people with best friends in the workplace are more engaged than those who don’t have. Workplace associations can also assist you to promote an environment of sympathy and admiration which research has found can lead to higher levels of achievement and teamwork, as well as reducing the risk of anxiety and depression.

Celebrate and appreciate often

Celebration in office

Frequent celebration and appreciation provide support to your employees that they are making a significant contribution to the company’s progress. By building this sentimental relationship with your team you’ll see notable concrete results that can play a significant part in your company’s long term success.

Don’t be too formal

Business etiquette

Etiquette and professionalism is also a necessity within any organization. But there are robust levels of formality that can be implemented depending on the nature of the firm. Let your employees feel free to share their ideas and opinions.