15 money-making strategies That Will Boost Your Productivity

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You feel you have the right idea. You know your company can make the difference in the market. Somewhow, you just can’t make that journey to success. You lack the productivity due to little to no motivation.

In today’s article, I’m sharing with you the 15 ways that can help to boost you productivity level.

1. Wake up Early (Hear Me Out)

This is the ‘early bird gets the worm’ saying. Many successful people swear by it. My personal favorite would be Mark Wahlberg’s schedule. He wakes up around 2 to 3am and start his day with workouts, and work afterwards. In a nutshell, he gets a lot of things done as people just about to get off bed.

There are numerous studies that point out how your work rate improves tremendously since your brain is fresh in the morning able to perform tasks at optimal level – making it the most ideal time to get many important things done early on.

However, I do also know successful people who get up later. If you’re a night owl, then trying to wake up early means you’re going against your body’s natural rhythm. Some even shared that night time is perfect as most inspiration comes around the hour. No one can argue if it’s the truth. Do whatever that works best for you.

However, I don’t recommend this since it causes a lot of setbacks to your body as multiple clinical researches have found that lack of ‘night’ sleep could potentially lead to a number of chronic diseases.

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2. Stay away from distractions when you first wake-up.

You open your eyes first thing in the morning and instinctively grab your phone. This is a mistake according to brain performance expert Jim Kwik, you shouldn’t look at your phone for the first hour of the day.

The main reason is that your brain is highly suggestible during this time. As a result, this trains our minds to become distracted because of the release of dopamine we get from our electronic devices. Your productivity also takes a hit for the rest of the day because we want to keep experiencing those good feelings. So, instead of getting to work, we stay glued to our phones.

3. Eat breakfast.

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No surprise here. You need fuel to give you the energy to power through the day. Of course, you shouldn’t devour a doughnut and wash it down with a sugary drink.

Think healthier options that involve high protein like eggs or protein shakes. Add in berries, raisins, avocados into green smoothies too and not to forget a boring cup of coffee.

On top of the energy you’ll receive, these types of foods are good for your brain by improving your concentration and memory.

If breakfast is not your thing, like Elon Musk, be sure to take a heavy brunch or lunch like he does when you get the chance to help fuel you to work for the rest of the day.

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4. Exercise

If you exercise when you first wake-up, even before eating breakfast, you can overcome your grogginess. This will make it so much easier to start your day early rather than taking things slowly – which is a big ‘no’.

Remember, physical activity doesn’t just improve your overall health. Any manner of exercise will help you de-stress and clear your head.

5. Meditation and stillness.

As I’ve gotten older, I’ve struggled with anxiety. If you’ve ever dealt with this, then you know it can sometimes be almost impossible to be present. It can also make falling asleep a chore or start your day with dread.

Meditating hasn’t wholly erased my anxiety. But it has made an enormous difference. It has helped calm me down and return my focus to what’s going on right now. Best of all? You can meditate whenever and wherever you like, whether if that’s right before bed, first thing when you wake, or when taking a break at work.

Practice meditating with good breathing techniques – it helps.

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6. Make your bed.

I think my mom would love this entry, even though I don’t believe that I was a messy kid growing up. Anyway, making your bed is a great way to begin your day productively.

Frankly, I wasn’t really an achiever in making my bed. It was until I found I have sensitive skin that forced me to make it a habit. Turns out, bacteria are accummulated in bed if not care for it. I started making bed after knowing this and went the extra mile to spray the bed sheet and pillows with special antiseptic to kill bacteria that irritated my skin.

The importance of making bed is crucial as it sets your mindset to a winning mentality. During his 2014 commencement speech at the University of Texas, US Admiral William H. McRaven said:

“If you make your bed every morning, you will have accomplished the first task of the day. It will give you a small sense of pride, and it will encourage you to do another task, and another, and another. And by the end of the day, that one task completed will have turned into many tasks completed.”

7. Recite affirmations.

Initially, I was someone can be seen as reserved. I don’t talk much back then. I just had own priorities to work on. This was something I knew had to work on since building a great business requires you to network with people.

This was where I found out about affirmations. Simple affirmations like “Today will be the best day” can make all the difference in the world. They help you focus on what you want to achieve. These affirmations release ‘positive thought’ neurons’ that can help you build you winning mindset.

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8. Read.

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Except for taking care of your health, reading is the best thing you can do for yourself. It helps you develop new ideas and perspectives. It helps reduce stress, expands your knowledge, and improves brain function such as memory, focus, and concentration.

If you’ve done enough research about Warren Buffett, or the late Steve Jobs, you’d know how much these people love to read. Truth is, no matter how smart or successful you are, you should never stop learning.

When I started running my businesses, reading got me to stay up to date with latest development in my industry. The business I was in changes frequently, so there was a lot of adapting to do from time to time. This is where reading helped me to remain competitive.

9. Schedule your time.

Mark Cuban once said how he’s not bothered much by ROI (Return On Investment) but more concerned about his ROT (Return On Time). This is an indication of how important time is. It is obvious that unlike, money, you can’t make back the time invested – unless it’s worth the effort. This is why scheduling your time is essential.

If you don’t schedule your time, then you’re going to wander aimlessly and having no direction is the last thing you want whilst running your business. Sure. You know that certain things need to get done. But, which ones are your priorities?

When exactly are you going to cross them off your to-do-list? Are there deadlines that you must adhere to? Creating a schedule helps you answer these questions and plan accordingly.

10. Pare down your decisions.

We all have a limited amount of brainpower. If you spend too much energy making low-level decisions, then you’ll experience decision fatigue. You won’t be as productive when you’re mentally drained.

Look at Mark Zuckerberg, Jack Ma, Bill Gates and so many successful people – what do they have in common other than great work ethics? They don’t get bogged down with looking rich. As long as they have proper attire on, they are good to go. Their priorities are ‘parked’ elsewhere.

I suggest that every night, you layout your wardrobe and prep your meals for tomorrow. Or, you could do this for the entire week on a Sunday. The idea here is to reserve your energy and willpower for what truly matters.

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11. Put pen to paper.

There’s a routine called Morning Pages practiced by people ranging from journalist Oliver Burkeman and entrepreneur Tim Ferriss.

The idea is that when you first wake, write 750 words to clear your head. For me, this is the time I’d normally write down (or go through) my to-do list for the day. It will keep me focused on getting those tasks done for the day.

And science has also found that handwriting can spark creativity and help us learn.

12. Focus on yourself.

With so much going on in your life, it’s easy to neglect your own self-care and priorities. Over time, you’ll get burned out. No matter how amazing of a person you are, everyone needs time to rest, play, and learn. If you don’t put yourself in your schedule, then it will get filled with other time requests.

13. Practice gratitude.

It’s been found that those who spend five minutes writing down what they’re grateful for have increased their sense of well-being by 10 percent.

And, as you know, when you’re a better mood, you’re more productive.

You can also pray – thanking everything you have and have accomplished if you’re the religious type.

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14. Socialize with your teammates.

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Socializing with people have been found to have positive effects to your general happiness, and healthier lifestyle.

This certainly does not mean you should be socializing with people all the time – that’s time wasting.

Instead, schedule your time to allow yourself to kick back, relax and meet people to socialize.

Try working in a coworking space or catching up with a friend or colleague for lunch. And, worst-case scenario, schedule a conference call with your team.

15. Set hard time limits on certain activities.

This idea is similar to ‘Shooting for the moon. If you missed it, you’ll at least land on one of the stars.’ If you need a grade B, work like you’re an A student. If you need $1 million, work like you’re worth $10 million.

This may sound overwhelmingly difficult at first. However, by constantly setting up tough tasks – your mind and body will get attuned to such conditions. At the end of it, what you thought was impossible, was actually do-able.

Conclusion

If you’ve experienced long enough time as an entrepreneur, you’ve learned that there is no one cure for every disease.

In this case, some methods work perfectly for you while others don’t. Every entrepreneur and his or her business is different. So you need to mix and match what works best for you.

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Why Making Money Is Actually Boring? The Truth

I know what you are thinking. Who in their mind get bored when making money?

These days, I’m seeing a lot of people aspiring to become rich but not willing to hear what they should hear.

At the end, these people ended up listening to many of these so-called business gurus offering online classes worth thousands dollars ended up disappointed.

The reality is you need to do what every successful people in the entire of mankind’s history has been doing, which is to SAVE MONEY!

By now, I’m sure many of you clicked to not read this article further – not wanting to face reality.

Honestly, saving money is the key to becoming and remain wealthy.

No matter how much you make, if you still fail to save money, you’ll eventually become not wealthy.

Don’t believe it?

Just look at the number of business people, celebrities and athletes who made millions of dollars in their prime; yet despite all of the money, they still ended up in bankruptcy.

SO HOW TO SAVE?

“Not Wasting Money Is The Best Way to Save Money.” – Mokokoma Mokhonoana

Saving money alone is not efficient if you want to become wealthy. You need to devise a plan. A budget plan. This allows you to have clearer picture of where your money should be spent and where not to.

Budget plan does not help you solving your financial problems, it helps you see the problems!

Below is a simple process to create a budget:

  • Create Your Networth Target – Create where you’d like your total networth be within a dateline. E.g. You aim a total of $500,000 within next 5 years. This means you need to make $8333 each month. This is where you start creating a budget.
  • Budget – With a target, creating budget becomes easier. This is where you need to look at your personal finances. Start looking at expenses and cut whatever is necessary. Try to be as lean as possible in your spending. Then, look at your income and determine how much more you need to make money in order to make that $8333 per month. When you’re able to see where you are today in the aspect of wealth and how far are you away from reaching that target, your money awareness is heightened. This is the ‘awareness’ that every individual needs to help them save money.

Obviously, there’s more to it in devising a financial budget – but it would be a very long article to write about, something which I look forward to writing in the future.

Remember! Budget plan does not help you solving your financial problems, it helps you see the problems!

That’s it for today. Let me know in comment section of what you think about the article.

 

 

 

 

 

How The Rich Spend Their Money And Why You Should Start Doing It Too

Is it true that the rich spends differently than poor people?

The answer is Yes.

Today, I’m gonna share with you how the rich people spend their money and why you should do it too.

Poor People

Lets start with how poor people spends their money.

For poor people, when they receive their paycheque, lets say at $10,000 for demonstration purpose, they’ll immediately use the money to pay off their monthly bills.

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$5,000 into paying things which are necessary.

$4,000 into buying things they want.

$1,000 into savings (if lucky).

So whats wrong with this?

At the end of every month, poor people often ends with networth of about $1,000 if lucky.

This is what the line ‘Live paycheque to paycheque’ means.

Successful People

Successful people, on the other hand, when they receive their paycheque, spends differently.

Firstly, successful people have different philosophy when it comes to money management.

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They’ll put aside 30% for monthly commitments such as mortgages, car loans, etc.

And the remaining 70%, they’ll put aside for investment. Some successful people are even rumored to be able to invest up to 90% of their earned income.

0% will be put aside on things they want such as luxury goods or eating in restaurants

Once the money invested bears profits, they’ll use 10% from the dividends to buy luxury goods and so on.

In this way, their total networth remains between $6,000 – 7,000 plus dividends.

Now imagine they repeat this spending habit for years to come – this is the secret to true wealth.

My Two Cent

It’s clear, successful people spend with a long term plan in mind.

They continue to add more money into investment to be able to grow their net worth and also able to live off dividends alone

They know earned income is not permanent, therefore, don’t rely on it completely. In case of economic downturn, they’ll always have cash to rely; such as their other sources of income and savings.

On the other hand, the poor relies completely on their earned income. If they lose their jobs, they have nothing else to rely on.

Let me know what you think about the article in comment section below. I’d really like to know what you think about it

Keep grinding and hustling. Don’t forget to execute!

How To Improve Customer Experience and Customer Loyalty

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Frankly speaking, good customer experience leads to loyal customers. And loyal customers often leads to customer retention and great PR (two benefits every business should pursue) which is great since these primary drive for cost-effective and more sales.

Now, I’m not going to beat around the bush of its importance too much or how exactly it funnels to more sales at cheap expense. I might write more about it in the future. For now, let’s focus on how to improve your customers’ experience.

Let’s focus on Tesco, a giant UK company. I wrote a paper on Tesco back when I did my MBA and recommended 4 strategies on how to improve the company’s customers’ experience.

1.IMPROVE ONLINE PRESENCE

Tesco PLC is recommended to integrate its business entirely with the ‘online’ world (Schneider and Bertelsen, 2010). As discussed in the Johnston and Kong (2011) paper, customers enjoy being part of not only as consumers, but also to be part of the company’s future development leading to the co-creation value (Prahalad and Ramaswamy, 2004)

The company needs to be more involved online. Hiring an IT team to set up social media accounts such as Facebook, Twitter and LinkedIn will not suffice.

Tesco needs to be more involved to the extent of hiring a team of talented ‘social media’ managers who are not only socially active online, but also have strong value of online influence. Having strong presence in the social media is vital as it allows Tesco PLC to conduct business in more channels.

It could also provide as a platform for customers to conduct ‘troubleshooting’ benefitting the operation teams involved in continuous improvement. Customers will also enjoy engaging with Tesco front-liners as they feel they are a part of the brand.

By constantly engaging with customers, these create environment which contribute to service quality and customer satisfaction leading to loyal customers (Kandampully and Hu, 2007; Masceranhas et. al., 2006).

2. EMPOWER EMPLOYEES

Apart from that, Tesco could also employ the empowerment of employees approach which helps on improving the image of the company, hence brand value.

By providing conducive and secure work environment, employees will be more willing to work beyond the contract. Employees will also exchange view with customers on the level of happiness and motivation being employed in Tesco.

The best example of a company which works hard to keep employees happy is Starbucks. Every employee receives proper training, tools, job design and security which in return, enable them to be highly motivated. They are even trained to recognize returning customers – these lead to improving corporate image, an important factor to customer loyalty (Kandampully and Hu, 2007).

3. CREATIVE CORPORATE SOCIAL RESPONSIBILITY (CSR)

Another strategy to ensure customer loyalty is by having Tesco PLC be more involved in the charity work internationally and locally.

The suggested strategy for Tesco is similar to Tom’s Shoes (Tom’s, 2013), to the extent where the company would get customers to get ‘onboard’ in participating charity events organised by Tesco. In the context of Tesco PLC, the level of participation among the employees and customers will further influence emotional consumer experience, improving the corporate image which influences customer loyalty (Kandampully and Hu, 2007; Masceranhas et. al., 2006).

4. INTRODUCE NEW SALES CHANNEL(S)

As part of delivering great customer experience, it is suggested that Tesco PLC could benefit further by providing the ‘drive-through’ concept.

It works similar as companies in food and beverage industry, only the layout is different and transactions are performed without having the need for customers to get out of their car.

The new platform for Tesco PLC will provide new channel for business which is part of improving service quality – crucial factor to delivering customer experience and customer loyalty (Kandampully and Hu, 2007; Liljander and Strandvik, 1997).

REFERENCES

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