4 Exciting Ideas to Ponder This Week

exciting ideas to ponder

This type of posts is inspired by Tim Ferriss’ 5-Bullet Friday. That’s an email he sends to subscribers every Friday with a list of the things he enjoyed and did during the week (an article he read, a useful purchase he made, something interesting he watched and so on). I like it a lot and find it inspiring and helpful. And considering that I’m reading, thinking about and trying to improve different things every week, I decided to do the same.
It’s published on Sunday. You can read all similar posts here.

Short-term motivation and long-term plans.

productivity mindset

I’ve recently realized that long-term goals are much needed to have a direction in life, but it’s short-term motivation that will keep us going.

We basically need to constantly trick our minds into going after a certain goal in life, so that we can ignore the distractions on the way and get closer to it slowly, but steadily.

That’s not a bad thing, of course. But it’s important to know it so that we can see results.

So how do we stay motivated in the short-term? Well, it’s easier than looking at the big picture. Our triggers will change, we need to boost our motivation daily, to include inspirational practices, to find new reasons to keep hustling.

It’s like a game, really. You just need to take the next step today towards your ideal lifestyle. But you also need to stay motivated till tomorrow so that you don’t give up on the whole thing.

Dedicate your morning to your passion project.

[tweetthis]If you wake up 2 hours earlier, you’ll have around 700 extra hours per year. Imagine what you could do with all that time![/tweetthis]

I write more about that here, where I also share why it’s important to use that time to do some focused and productive work.

If you already have a side project you’re super passionate about, then invest your early morning in working on it and you can be sure you’ll see progress pretty soon.

The early hours of the day are peaceful, there’s no one to disturb you, and – most importantly – there’s nothing else you should be doing. You’re basically sacrificing hours of your sleep in order to be awake before dawn and hustle.

That’s not crazy. It’s what successful people have been doing for a long time in the beginning.

Seriously, if you want to start a business, write a book, exercise daily and get fit, or else that requires a huge transformation, get up at 5 am if you have to and do nothing else but things that will get you closer to the goal.

Your mind will be laser focused. You don’t even need to share all that with other people, as their opinion too is a distraction. Soon, they’ll see how you’re changing for the better.

Optimized planning

planning

One of the things you need to get good at before you enter the entrepreneurial world, or before you make big changes in your personal life actually, is planning.

We’ve all heard how important it is to have a vision, to set specific goals and measure them on the way. But are we really doing it?

There’s a lot more to planning than we think.

I’ve been doing my research lately as I’m setting 1 big goal for the next 5 months, with 3 sub goals each of which will lead me to the end result.
But I’ll do some things differently this time. I’ll be tracking. A lot.

There will be daily review, plus a bigger weekly review. In the end of each of the 5 months, I’ll also go over the whole strategy and plan again and make adjustments based on what has worked better than the rest during this month.

I have a list of actions to take. These are the only things I’ve seen results with in terms of what I’m after. So I’ll do more of them and will dedicate my most productive time of the day to these. Everything else comes second.

There will be research during that period too, but it will be considered part of my free time. If I come up with anything that seems promising, I will give it a try. If there are results, I’ll add it to the overall vision.

I learned all that from what I’d call the best article on planning I’ve ever read. It’s by Taylor Pearson.

Antifragile Planning: Optimizing for Optionality (without Chasing Shiny Objects)

So if you’re serious about the goal you’ve just set, go through this post and take notes. Then put what you find interesting in practice right away.
He’s also explained in details his weekly review.

Productizing a service

productizing a service

For a long time now I’ve been trying to figure out the best way for me to go from freelancing to starting a small business.

I can’t say things are going slowly. But it’s something I need to start brainstorming and working on now if I want to see results any time soon.

So the best option, after going through almost anything possible, is productizing a service.

It’s what every freelance writer/programmer/web designer/etc. can do when he gets tired of the billable hours, of having to be at the computer to actually make money, and to be selling his time and not being able to take some time off (as it means he won’t be making money until he gets back).

The goal is to remove yourself from the work, streamline and systemize your services, hire other people to do them for you, and be able to work on the business instead of in it.

You’ll still be working hard, of course. But not doing mundane, repeatable tasks as usual. You’ll focus on finding clients, scaling, planning, etc.

The best advice I’ve found on the topic is anything Brian Casel has to share.

I signed up for his newsletter (I don’t usually do that!), and it was some of the most useful content I’ve ever received in my inbox.

I first heard of Brian and his story of how he broke free from freelancing and turned his services into a product that is ‘done-for-you’ and requires someone else to do the work, on an episode of the Smart Passive Income Podcast.

I wanted to know more. So I joined the free newsletter, started reading his blog and checked out his podcast too.
If you’re interested in the idea, these are some great resources.

So that’s what has been on my mind this week. What do you think about these ideas?

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5 Convincing Reasons to Start a Business in Your 20s and 30s

5 Convincing Reasons to Start a Business in Your 20s and 30s

Every day we hear about brilliant minds who have made their first million before the age of 25. There are even businessmen who reach success and experience the advantages of self-employment before they turn 21. This influx of young gifted entrepreneurs makes you think there is no room for startupers over a certain age in any industry. But is it really the case?

Seasoned business analytics and researchers say there is no ideal age to start a business. You can be a successful entrepreneur fresh out of high school, but it’s also not uncommon for people in their 40s to finally find their entrepreneurial path. However, 20s and 30s remain the most popular age for starting a business, and that’s what we’ll focus on today.

Why Start a Business in Your 20s and 30s

1. Risk-taking

The importance of taking risks and accepting the outcome of your decision doesn’t need any explanation for entrepreneurs. As a startup founder, you will face risks every day, and this is where a person with more business expertise can encounter their first difficulties.

When someone is over 40, they’ve likely already taken big risks and failed. It means that they’ll be much less inclined to do it again. This is how older businessmen think they avoid complications, but that is also how they miss opportunities.

People in their 20s and 30s normally don’t have that kind of experience. They understandably have qualms about risk-taking. However, in the end, they usually decide to make a risky move, and there is a very good chance the risk will pay off.

Related: 4 Ideas for Side Hustles You Can Start This Weekend

2. Knowledge

Those who launch their business after 40, usually have certain business experiences under their belt. They may have taken part in starting their own business or witnessed the birth of a business of a friend or coworker.

When you’re in your 20s or 30s, you may not have the same real-life knowledge of how businesses begin. Nevertheless, you have something much more important: the knowledge and skills you received at college.

The importance of college education for launching a prospering business is often overlooked. Yet there are essential things you can only learn in college, and that’s exactly the foundation you need for building a viable business.

3. Responsibilities

By the time they are 40, people accumulate a lot of financial responsibilities. Families, mortgages, car payments, and medical expenses not only eat up a large part of your budget but also make you much less flexible.

It’s a popular thought that businessmen in their 20s and 30s have nothing to lose. That may not be completely true, as some people start families when they’re fairly young. However, when you’re under 40, you have more freedom for making choices.

If you’re a forty-something father of three, your business decisions will be dictated by the risks you’re able to take. Young people have fewer things restricting them from making bold decisions and, ultimately, succeeding.

Related: How to Start a Profitable Blog – This step-by-step guide to starting a blog is a must for everyone who wants to start earning online and become self-employed. Having your own blog is the first step to selling products, making money from affiliate marketing, building a name for yourself, getting traffic and monetizing that attention.

4. Resilience

How To Turn Fear into Power and Create Personal Breakthrough

If there is one thing experienced entrepreneurs would like every beginner to know, it’s that launching a business will be a journey filled with ups and downs. If you look at business success stories, you’ll see that each of them comes with their share of failures.

Impressionable young businessmen don’t react great to failures. Their initial reaction can differ, but it always includes disappointment, resentment, and even a desire to quit. If they’re lucky, their support system won’t let them quit. If they’re not, then the days of their startup are numbered.

It’s a different story with people in their late 20s and 30s. They arrive at the starting point of their business with an understanding that failures are bound to happen. It doesn’t mean that they’re completely immune to failures, but they are guaranteed to have a more mature reaction.

5. Technology

Technology is a vital part of launching a startup these days. There are thousands of businesses that only exist online. Even if your business is completely offline, technology can still be a valuable aid in the business development.

People over 40 may understand the importance of using technology in their business. They may even move their business online or take successful steps to foray into the digital world.

However, they will never have the understanding of technology of a 28-year-old.

Today’s 30-year-olds are not only fully familiar with technology – many of them are actually digital natives. These people have spent most of their lives with the digital world being an essential aspect of living. That is why technology-skilled young entrepreneurs are the future of business.

Conclusion

According to those who have a multi-faceted experience in business, starting a business at any age has its challenges. Entrepreneurs that are 20, 30, 40, or 50 years old have their strong suits and weaknesses. However, there are many reasons why the age between 20 and 40 is the golden age for launching a business. Take risks, learn as you go, use your forte, don’t let anything distract you, and soon your name can be part of the world business hall of fame!

About The Author

Christine Acosta is a content manager at App Reviews. She specializes in digital marketing and content creation. Christine is also passionate about startups and business development. She uses her degree from the Florida Institute of Technology to offer sound advice to those who launch their own business.

starting a business at any age has its challenges. Entrepreneurs that are 20, 30, 40, or 50 years old have their strong suits and weaknesses. However, there are many reasons why the age between 20 and 40 is the golden age for launching a business. Check out this post to see what they are: #startabusiness #newbusiness #smallbusiness #bossbabe