These so-called billionaire routines require one to get up at 4 AM to read, exercise and meditate.
Neither reading, exercising, nor meditating generates any money at all.
Unless you are a fitness model, no one will pay you to go to the gym. All these things will cost you time or money and sometimes both.
To follow in the paths of successful people, we often try to replicate their habits.
Instead, we need to take a deeper look to understand their personality traits that led to these habits.
Rather than looking at their external behavior, we should dig deeper to…
Coffee is a highly commoditized product. It can easily be made almost anywhere in the world with widely available ingredients at a very low cost.
Coffee has been around for hundreds of years. Like salt, sugar, and rice, once these products started being mass-produced, it was a race to the bottom for prices.
In business school, they’ll teach you not to enter industries like this because it would be difficult to make a profit. This was true for a long time until Starbucks changed the rules.
So how did they convince the world to pay $3 for a cup of…
Successful entrepreneurs are problem solvers, but one of the problems they can’t solve is that there are only 24 hours in a day.
Though, from the outside, it seems that they get more done in a single day than us mere mortals can get done in a week. But, the truth is that they have figured out how to use less time to get more done.
They generally don’t fill their days from end to end and often work reasonable hours. It’s just that they know how to use their hours better.
We often want to take the time to…
The relationship with your customer is like the relationship with your significant other. You have to work at it every day to maintain and improve it.
If you don’t keep things interesting and exciting, your partner will get bored and eventually move on to someone else.
You may be the best partner for them, but it will grow stale if you neglect the relationship, and they’ll start wondering what else is out there.
The same is true for your relationship with your customers. …
You hear time and time again that you should never give up. You have to go through the obstacles to get to success.
Sometimes you need to fight on despite all the difficulties, but other times it may be wiser to quit.
The sooner you quit going down the wrong path, the sooner you can start going down the right path.
You may have been lucky enough like Tiger Woods to pick your path at three years old and stay the course for twenty years until you become a world champion.
But for most of us, we may pick the…
The customer is always right is a slogan that began when customer service and modern retail stores were just coming into existence.
It was a helpful way to train someone in the 1900s who had no concept of customer service.
Now in the 2000s, we know that the customer is not always right.
Some customers can be unreasonable and sometimes downright dishonest.
You may have bent over backwards to get them to become a customer initially. Now that they are a regular customer, they may start taking advantage of you.
You have to ask yourself whether the relationship is beneficial…
When you first started, you may have gotten your first customers by word of mouth, through your personal network or walk-ins to your store.
You may now be experiencing a lull in your business, or you managed to catch your breath and are ready to grow to the next level.
The next level, though, requires a strategy — a strategy for gaining new customers.
A strategy doesn’t need to be complicated or take long to create.
The best strategies are simple and actionable.
You will generally have a sales and a marketing effort that goes into gaining new customers. …
Your customers don’t care about your business or how long you have been around.
They are neither interested in your achievements nor any other of your business’s milestones.
They care about what you can do for them.
Everyone is on their own journey. We want to be successful and happy. In the story of our own lives, we are the hero.
We are the main character in our own life while everyone else is a supporting character.
It’s not about your product or service, but it’s about what your customer wants to achieve.
If you are not going to help…
You’re thinking about going into business with your rich uncle, your broke roommate, or the sharply dressed man you met at the bar last night.
If you’re looking to take on a business partner, you’re probably thinking of someone with either capital or a specific skill set.
Though most entrepreneurs crave something far more profound than that.
It may sound crazy, but in my experience, it’s emotional support that most entrepreneurs actually need.
Life is a whole lot less scary when you’re not doing it alone.
In this globalized world, capital and skills are far more accessible than ever before.
In 1961 John F Kennedy proposed that the US “should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the earth.”
At the time of this speech, the furthest the US had gone into space was 116 miles, and they had stayed there for a total of 15 minutes.
To achieve this feat, they needed to build a rocket big enough and invent a new fuel that could take a spaceship 240 thousand miles across space. …