10 Entrepreneur Quotes You Must Know

Advertisements

Entrepreneurial quotes are often overlooked these days. We always become at awe whenever we hear a quote but never take it to heart, eventually. Back in my early days, I often use some business quotes from my favorite entrepreneurs as mantras to continue my momentum of working hard to achieve success.

So, without much time wasting, let’s have a look at some of my favorite quotes:

“Success usually comes to those who are too busy to be looking for it.” — Henry David Thoreau

Its pretty straightforward. You have to be chasing success like you need air to breathe. Your life depends on it. That is how a lot of successful entrepreneurs succeed. They don’t work 9-5pm. They work whenever and wherever. They are constantly hustling. Take billionaire Mark Cuban for example. At the age of 12, he started selling garbage bags. Then, he started bar-tending

“There are two types of people who will tell you that you cannot make a difference in this world: those who are afraid to try and those who are afraid you will succeed.” — Ray Goforth

This is especially true. How often do you hear the naysayers whenever someone tries to create or make a living? How often do you always hear people telling you that you’re not going to make it? Ignore them! These people are just noises. Truth is, they simply envy you. They are afraid that you’re gonna make it. And they are afraid that you’re going to succeed. Nuff said.

“Try not to become a man of success. Rather become a man of value.”Albert Einstein

Einstein is brilliant for saying this. It’s true, success does come in many forms – some from good business, some from bad business. I’m not saying it’s ideal, but it’s just the way the world is. However, Einstein did believe in adding value to society. This benefits not only civilizations but also his or her good name for a long time. On the other hand, people who make ‘bad’ money (or ‘blood’ money), well, their success is often shortlived. Just look at the break up of Standard Oil when they monopolized oil industry in US, or the Sackler family during Opioid crisis. They were considered as successful people, but lacked the standard values and went down with it.

Advertisements

“Stop chasing the money and start chasing the passion.”— Tony Hsieh

Mr Hsieh wasn’t the first one to come up with this. I’m probably wrong about this but the point is, while chasing money is good, it rarely lasts very long. You ever heard the expression ‘quick buck’, ‘get rich quick scheme’ and so on? Well, the majority of people who say these are the ones who chase money at all cost – no matter what. They lack the moral values in running business. It’s a short term kind of thing.

However, when you chase your passion, you’ll start to do great things. Your product becomes an ace. Your service is top-notch. People love your business/service. This happens simply because you fell in love with your business. You are passionate about it.

“Success is walking from failure to failure with no loss of enthusiasm.”— Winston Churchill

Elon Musk struggles with SpaceX can be perfectly summed up using this quote by the popular former British Prime Minister. SpaceX failed several launches in its early days. In fact, at one point, Elon Musk was thinking of selling Tesla to fund his rocket projects. Each crash taught his team what flaws needed correcting. They kept learning from the mistakes, and eventually, they succeeded. Now, Space X is one of the largest, if not the biggest private rocket company in the world. They continue receiving project from government space agencies to launch satellites and even resupply the ISS.

“If you are not willing to risk the usual, you will have to settle for the ordinary.”– Jim Rohn

This is about similar to the infamous line “Fortune favors the bold.”

Most people give up on their dreams because they don’t want to risk getting out of comfort zone. If you look at successful people (the self-made ones), you’d rarely hear how often they sacrifices in order to become a success. In fact, some even became homeless before they strike gold. It’s all about risking. Are you all in?

Advertisements

“The ones who are crazy enough to think they can change the world, are the ones that do.”– Anonymous

I love this quote. It completely separates the real entrepreneurs than the rest of the society.

Successful people tend to look at things differently. They often look at opportunities behind every problem they see unlike the general populace.

Just look at people like Steve Jobs. While most so-called experts of the early days of Apple claim there is no need for a smartphone (people already have computers), Jobs wasn’t bothered by it. He knows his idea is revolutionary – and he was right. He became successful because he saw something that no one else could. He was crazy enough to change the world.

“Do one thing every day that scares you.”– Anonymous

If you’re looking for the first step to becoming an entrepreneur, this quote fits in well.

Entrepreneurs face challenges every day. They solve problems all the time. If you’re looking to become one, you need to start train yourself by doing things that scare you more often.

By constantly facing things that scare you, you’ll start to transition yourself

“All progress takes place outside the comfort zone.”– Michael John Bobak

The people who take the ‘road less traveled’ are the ones who succeed.

Innovation occurs not by working hard in and out – but to also challenge everything we know through experimenting with different ideas. Failure is a possibility but without pushing yourself beyond the limit, you’ll never be able to see the other part of that struggle.

Yes, the success rate is very low – but if you take the easy way out, there is no way you’re going to succeed at all.

Nobody said it’s easy. If it was, everyone would already be doing it.

Advertisements

“I never dreamed about success, I worked for it.”– Estee Lauder

This is where so called entrepreneurs fail to realize before quitting their 9-5 jobs. Running a business requires your utmost attention, not lesser.

This means, it requires more work, responsibilities and stakes are higher. If you feel entrepreneurship is a way to get out of the 9-5pm job, you’re mistaken.

It’s about hard work and much more. What’s worse, most times, it does not even pay off.

Unlike working for a job, your business might still not make any money despite long hours of work. On top of all that, you are also under the pressure of still having to pay everyone in the supply chain.

Secrets To Really Overcome Laziness

Advertisements

You have a target but often struggle to achieve it due to constant laziness. Don’t worry, in this video I’m gonna share with you some of the ways to overcome that laziness.

Join Charity Groups For Poor People

Joining groups who help the unfortunate ones will always help you to open up your eyes. You’ll start seeing the bigger picture of how your life would be like if you were not successful.

Your mentality starts to change in order to succeed in life & starts to remove negative behaviors such as laziness from your life

Now, I’m in no way saying to look down on those unfortunate people. The idea here is to see for yourself the life you’ll have by taking the lazy path.

While unfortunate people do not have a choice, you do. My suggestion simply opens up your mind to it.

Network With Successful People

I’ll be honest with you, I was a smart student who became cocky that keeps getting good grades despite not studying so hard

I became too cocky till I start making friends with wrong people & my life started to spiral down out of control for some time to come

Luckily, I realize how toxic these people are and eventually left them.

It was only after I met a group of smart people that I started to turn my life back around

You see, smart people are as infectious as wrong people

The more you interact with them, the better you become

You’ll start taking interests you never thought was possible to undertake

You’ll eventually start reading, talking and working like they do too.

Advertisements

Join Motivational Talks Or Events

One of the factors of laziness can be attributed by the lack of motivation

So, why not join events or talks given by motivational speakers who often capable of inspiring you to see the bigger picture

Inspirational speeches are powerful which can help to lift yourself from laziness to achieve success

If you’re too busy to attend these events, watch motivational speeches online or on Youtube. You’ll find plenty of credible people giving out inspiring talks to help you

Rotate Your Work/Study Environment

Do you often get bored or unmotivated to work in your boring, dark and uninspiring workspace? Well, we all do

Instead of just working at the same place over again, why not drive to the nearest cafe for a change. Nothing can go wrong when you have a cup of coffee next to you

If you don’t like coffee or tea (whats wrong with you), why not head to the public library too

The idea here is to constantly change the environment you’re working in so that you don’t feel unmotivated to work.

Advertisements

Celebrate & Reflect

Celebrating your success is just as important as working hard

Celebration is a powerful motivator to prolong your productivity – so you’ll continue to keep building the momentum of working hard

You’ll also be rejuvenated after your brains are decompressed from days of hard work

“The Most Effective Way To Attract Customers…” Chatting With Nafas Yoga KL Founders | HONEST

Nafas Yoga KL is a yoga studio business founded by two friends Suhanna & Zafie. Their mission is to become the best yoga community in the city of Kuala Lumpur. Find out more about them on Instagram @nafasyogakl (more links below).

Don’t Forget To Like & Subscribe 🙂

Nafas Yoga Links

My LINKS:

#yoga #wellness #health

11 Ways to Market Your Business with a Small Budget

Advertisements
Photo by bongkarn thanyakij on Pexels.com
Advertisements

Small businesses with great products often fail due to its inability to get themselves in front of the mass market.

Despite of the successes of multiple social media platforms, traditional marketing mediums remain to be outside the budget limits of most small businesses.

In today’s article, I’ll share with you top ten ways to market your business with a small budget.

1. Advertisements

There are a number of websites now that offer free advertisements if you wish to sell product/service such as Mudah.my, Carousell and more.

You can even post advertisement on Facebook Groups which is specifically built for the purpose.

If you’re willing to spend a little bit of money, you can always go for Facebook Ads as it also posts your ad on Instagram – which means you are able to extend your market reach further.

Although, keep in mind that it is important to target your market specifically – or you’ll risk having only traffic to your business but without much sale.

Advertisements

2. Press Releases

Press releases can be expensive depending on which medium you approach. It goes without saying, the larger the news, the more expensive it becomes.

However, if you’re able to attract enough attention from public, most news medium are more likely to come over and have a look at what the big deal is.

Release a statement that you’re organizing a charity event or that you’re helping homeless people to build their homes. Organize events, followed by invitations to news media to cover the stories. It’s a cheap form of publicity.

3. Sponsorship

Sponsorship is not as easy you’d think. Quite a number of entrepreneurs often mistaken that it’s always best to sponsor any events that attract the most customers. While these kind of events can be very expensive, it is also attracting people who are not in your targeted market.

If you’ve followed me long enough, you’ll know it’s always best to avoid or reduce reliance on the ‘numbers’ game – where the more is better. This is expensive and is kind of a gamble.

Personally, I feel it is best to narrow down the number of consumers by categorizing them into who would need and benefit the most from your product/service. Whilst the market has been minimized to smaller number of consumers, the chances of getting sales return is promising.

For example, if you are selling affordable designer handbags – sponsor a group of fashion influencers who attract women looking for international branded designs but with cheaper price tag. If you sell athletic watches – a group of fitness enthusiasts/celebrity fitness trainers. You get the idea.

Play with numbers where you can afford to lose in case things go south.

Advertisements

4. Media Stunts/Guerrilla Marketing

Media stunts are effective in creating buzz.

Remember when Richard Branson drove a tank through the city?

Or do you remember when Elon Musk launch his Tesla to space?

Look at Domino’s on how they leverage the potholes problems in US towns by adding their own brands on each of the repairs they conducted.

While small businesses can’t compete at the level of those billionaires, there’s nothing you can’t do with a little bit of ingenuity and creativity.

For a small business, start looking around your neighboring area for things that you feel need to be addressed.

Provide a solution and stamp your brands all over it to create awareness of your company.

Don’t forget to invite news reporters too.

Advertisements

5. Make more use of your business cards

Your business cards are a form of investment – so use it wisely.

It’s not a matter of simply distributing those cards among your family and friends, it’s about creating the need for them to ask for your business cards.

For example, back when I ran Mirsky Mode, I often meet up with my lady friends to catch up on things where I always bring up the ‘handbag’ conversation. We’ll talk about the design, brand and the expensive price tag of the bag. Once we get to the price, talk your way into how your company offers designer handbags for an affordable price. They would immediately ask for a card or even check out your online store on the spot!

This can also be applied to other industries too.

The important thing to do is to make sure the person you intend on distributing the business card is a part of your targeted market – or you’ll risk of wasting away that card.

Then, create a need for them to find out more about your business

6. Join a local networking group

A business that does not connect often fails.

Your company needs to be connected with people to gain their support.

By becoming emotionally connected with people, you are adding value to the relationship. Build on it and when the time is right, people will start visiting you to see what your business has to offer.

I’ve often made new friends from online meetup sites such as Meetup and AirBnB activities.

If you visit the local public library or town hall, there will be notice boards on local events or gathering too.

Pay a visit to one of them and start building relationship with people.

7. Use self-employed sales agents

This is a cheap alternative selling method.

Self-employed sales agents do not take large commissions from you since they do not have to pay any sales agency fees.

They are also highly motivated and very good at working independently.

This is great for you since you do not need to spend too much time on training/teaching them the ropes as they can get the things done on their own.

Advertisements

8. Leaflet drops

The key of a successful leaflet drop is to pick the right market to distribute to.

Leaflet drops is a numbers’ game. Traditionally, the more you distribute, the higher chances of getting sales. This costs money.

Instead, narrow down your market. Target those who you feel the most likely to be interested in your product/service.

Pay more attention to the design of the leaflet. Be more emotionally connected with the consumers on the issues of what your business offers to resolve. Selling part comes later.

I’m not a huge fan of traditional leaflet drops but since I know a few businesses that successfully gain results from it, I’d share with you nonetheless – but with caution as it could costs much money and time which small businesses can’t afford.

9. Give talks to other businesses

I’ve given talks on investment once and learned few things from it.

First, you gain new connection who are in similar fields or interest. This is a no-brainer.

Just be sure to leave your contact or company’s contact details so they can find out more about your business.

Secondly, during Q&A session, I’ve managed to understand what troubles or issues people are experiencing in the field respectively.

The sessions gave me direct insight and I’ve learned numerous issues which my company can help resolve. A win-win.

Advertisements

10. Write for your favorite e-magazines/blogs or create your own newsletter

Contributing articles is a must for bloggers and even writers nowadays.

Reasons are that you will extend your market reach to the blogs you’re contributing to. Don’t forget to leave links back to your blog (with permission, of course). If readers enjoy your writing, they will know where to look to find you.

Being a writer, I’m very fond of this idea. Ever since I was a kid, I’ve always enjoyed writing fiction and as I grew older – business topics. So, why not use this to advantage in growing business?

11. Collaborate With Social Media Influencers

In this digital age where social media thrives able to flood your business with traffic/consumers, you’d best take full advantage of it. Plus, it’s cost varies from low-to-zero.

Influencers’ endorsements are definitely cheap compared to celebrities’. They can help influence their followers with a click of several buttons and your business will be on the ‘maps!’

While some agree to promote your business on reasonable fees, there are also those who simply accept your product/service as payment. It all comes down to negotiation and their popularity rating. Rest assured, they will cost you a lot less than celebrities.

Read more about what I wrote on selecting the right social media influencer for your small business.

Advertisements

Why The Future of making money For Content Creators is great

Advertisements
Photo by Donald Tong on Pexels.com
Advertisements

I’m not talking about Patreon, Onlyfans, SuscribeStar and so on.

I’m talking about the future of online ads for video content creators.

Imagine if Youtube have competitors, there will be higher profit from advertisements for creators than today.

For now, you can see other companies such as Vimeo replicating the idea but with little success – for now.

How about BitChute?

There are numerous creators who have already added their content on the platform and even received partnership offers.

Even an article by Bloomberg have found that large numbers of creators are also moving  and/or diversifying towards Ethereum-based platform such as Viewly due to its interesting potential and consistent policies unlike Youtube.

The reason a number of sites are popping up lately (time I write this) is due to constant changes of Youtube policies lately.

That and the fact Youtube seems to be inconsistent when it comes to enforcing their rules and regulations are starting to drive a number of creators looking for another platform to share their content.

And when barriers of entry loosen up, competition will start pouring in soon.

I’m not saying Youtube will lose.

What I’m saying is – this could potentially lead to more platforms competing.

Most of the benefits from that competition will go to content creators such as Youtubers; and it’s competitors will start offering better support and higher ad revenue in order to remain relevant.

Advertisements

This is why I believe the future of content creators, particularly video creators, is going to be more optimistic as more opportunities and potentially better ad revenue will be available soon.

Consequently, this is an opportunity for entrepreneurs (especially solo-preneurs) to create another stream of income by adding valuable video content on these platforms.

So, time to pick up another skill, future millionaires!

Advertisements

Secrets To Financial Freedom

Advertisements

You work very hard. Day in. Day out.

Yet, you could not yield the results you want – which is to achieve financial freedom.

Today, I’m gonna share with you the secrets to financial freedom.

Create Your Networth Target

Creating a budget never really makes sense to me in the first place.

I went through many online material that talks about budgeting & yet, they continue talking about cutting spending & never really got to the core of budgeting.

Whilst it is a no-brainer to cut down spending, I was clueless as to how much is considered a good budget.

I was directionless.

Then I discovered how important net-worth is and how helpful it is when it comes to creating a budget.

Basically, you need to come up with a targeted net-worth & how long you’d think it requires to reach that target.

Once you have a target, all you need now is to reverse engineer that figure into tangible numbers using simple math – giving you an idea how much you need to save every month and so on.

In a nutshell, let’s say you’re aiming to reach a networth of $100,000 in 3 years. This means you need to make $2777.77 every month.

This is where you decide where to cut your expenses or how much money are you short from achieving the figure. It all comes down to simple math.

Advertisements

Apply The 50/30/20 Rule In Budget

I’ve also talked about this rule.

For those who are not familiar, the 50/30/20 rule was introduced as guidelines to how much you should spend based on needs, wants & savings

Although this is a good place to start, I believe there should be some tweaks depending on where you are today.

In short, I believe the rule should be re-introduced as 40/10/50 – where savings should be the priority, so you can add more money into investment later on.

If you want to know more about it, check out my other article where I discussed this in details.

Advertisements

Seek Wise Men/Women For Advise On Investment

This is the toughest topic to talk to you about.

Honestly speaking, there is no such thing as an investment that fits all.

Different investment has different settings, different mentality and so on – which can be challenging if you’re not used to the environment.

My experience tells me that the best person to talk to about investment are those whom you have personal relationship with – who have gone through the experience from becoming poor to wealthy.

Gaining their insight is valuable as it gives you first hand lessons, mistakes & failures that you can avoid in the future which is priceless.

Then, once you’re certain – you can go all in.

Advertisements

Improve Tax Awareness

You have no idea how much money you can save by starting to listen to your accountant.

Credited accountants are able to tell you exactly how and where to spend in order to get the best tax reliefs, or tax reductions.

Getting tax reliefs is always great – so maximize its uses.

If you run a company, it’s even better. You can gain more tax reliefs under company spending.

So go talk to a credited accountant now before that next tax declaration dateline.

My Final Two Cent

If you’re clueless as to where to begin, then, seek advice from wise men or women. Take note every single thing they share with you – even if you disagree with some of the ideas.

Always keep in mind, the best entrepreneur are the ones who are open-minded and do not have answer to every question.

Let me know what you think about the article in the comment below.

Don’t forget to Execute

Advertisements