Successful Business – Top Reasons

1) Direction.

Every startup needs a leader with a vision. During the difficult times, the CEO needs a clear idea of the end mission and how the company needs to get there. A good business leader keeps the long-term in mind, while dealing with the immediate needs of a new company.

2) Speed to market.

You can’t be second when it comes to startups. Especially with the rate of technology development, the faster a startup can produce its service or product, the better chance it has in delivering to customers. Young businesses have to compete with established industries. One of the reasons businesses succeed is that they reach consumers first.

3) Financial savvy.

Successful startups know how to work within a budget. Managing finances and keeping a young company out of debt it can’t repay is key to becoming successful. Companies just starting out need to do more with less.

4) Well-Connected.

Just like early career builders, young startup companies can gain a leg up by knowing a few well-connected individuals. These companies use their social network for their first clients, investors, and mentors. As the old adage goes, it’s not what you know – it’s who you know.

5) Dedication.

Startups need leaders who are willing to work hard and stick to their goals. This leadership inspires others to commit to a strict work-ethic, aligned with the company’s mission. All employees must be committed and dedicated to the goal.

6) Perseverance.

Even when times get tough and the road to success offers bumps and blockages, startups need to persevere to achieve success. The majority of startups bail when money is tight or disagreements arise between founders. Successful businesses stick it out in turbulent waters and remember their end goal during difficult times.

7) Quick to Adapt.

Successful startups are comfortable with change. Leaders who know how to make smart decisions without a clear roadmap can take advantage of opportunities that more cautious companies can miss.

8) Knowing How to Attract Investors.

Money talks in the business world. Without the startup funds, companies can never get up off their feet. Smart business leaders know how to generate capital to give their million-dollar ideas a shot.

9) Confidence.

Startups need unwavering commitment to their mission and goals. Without the confidence that the company will succeed, the startup will dissolve when facing initial obstacles.

10) Efficient Time Managers.

There’s no down time when it comes to startups. If the leaders of a company are not putting in time around the clock, success is unlikely.

11) Execution.

Everyone can have a million-dollar idea. It takes moxie and strategy to put an idea into action. Knowing how to execute sets apart successful businesses from the failures.

Top 8 Online Side Hustle Ideas To Generate Extra Cash Every Month

Generating an extra $500 to $1000 a month may seem impossible right now. But in this article, I’m going to show you different online side hustle ideas that have the potential to be highly profitable. Let’s begin!

1. Blogging

You may not see an immediate ROI or return on investment on blogging, but the good thing is it’s pretty much passive income when you start getting some traction. The sky’s pretty much the limit when you think of the income you’ll get when your blog gets a good amount of traffic from search engines and social media!

2. Affiliate marketing

You can promote your affiliate links on your blog or your social media accounts. Just make sure you promote something that’s going to actually add value to your followers.

3. Video marketing

You can promote sponsored products via video marketing. You can do video reviews and tutorials on YouTube and monetize it with ads and affiliate links!

4. Social media influencer

When you’ve got a considerable following on social media, and you get pretty good engagement rates on your content, then you’re technically a influencer. You can easily command premium rates from brands who want to do business with you.

5. Social media manager

Not all businesses know what to do with their social media accounts.You will have the opportunity to make a significant impact on businesses. The great thing is you can have many different clients at the same time because it’s relatively easy to automate social media activity!

6. Sell information products

Selling eCourses and eBooks are very popular nowadays. It’s relatively easy to create content like these, and it’s easier to just outsource it to freelancers who can write faster and better than you.

7. Freelance work

If you’re interested in freelancing online – like writing, designing, building apps and websites, etc. – then you should check out sites like Upwork ( https://www.upwork.com ) and Freelancer ( https://www.freelancer.com ). Note, however, that these are global marketplaces. So, you’ll have people from all over the world competing on price and skill. If you want to set yourself apart from the competition and you’re extremely confident in your skills, then don’t be afraid to bid rates you know you deserve!

8. eBay business

eBay is actually a fantastic tool for making money and which presents a ton of different options. If you’re looking for a more traditional way to make money by selling products, then eBay is the perfect choice.

The 10 Benefits of Cross Cultural Training

Cross cultural differences can and do impede upon communication and interpersonal relationships. In the business world this occurs daily, where people from different cultures interact and are expected to perform and make decisions. Cross cultural training aims to develop awareness between people where a common cultural framework does not exist in order to promote clear lines of communication and better relationships.

Cross cultural training has many benefits to be gained by both participants and businesses. For participants in cross cultural training, the 10 main benefits are that it helps:

People Learn About Themselves: Through cross cultural training, people are exposed to facts and information about their own cultures, preconceptions, mentalities and worldviews that they may otherwise not have contemplated. Cross cultural training helps people learn more about themselves through learning about others.

Encourage Confidence: Cross cultural training promotes self-confidence in individuals and teams through empowering them with a sense of control over previously difficult challenges in the workplace.

Break Down Barriers: All of us have certain barriers such as preconceptions, prejudices and stereotypes that obstruct our understanding of other people. Cross cultural training demystifies other cultures through presenting them under an objective light. Through learning about other cultures, barriers are slowly chipped away thus allowing for more open relationships and dialogue.

Build Trust: When people’s barriers are lowered, mutual understanding ensues, which results in greater trust. Once trust is established altruistic tendencies naturally manifest allowing for greater co-operation and a more productive workplace.

Motivate: One of the outcomes of cross cultural training is that people begin to see their roles within the workplace more clearly. Through self-analysis people begin to recognise areas in which they need to improve and become motivated to develop and progress.

Open Horizons: Cross cultural training addresses problems in the workplace at a very different angle to traditional methods. Its innovative, alternative and motivating way of analysing and resolving problems helps people to adopt a similarly creative strategy when approaching challenges in their work or personal lives.

Develop Interpersonal Skills: Through cross cultural training participants develop great ‘people skills’ that can be applied in all walks of life. By learning about the influence of culture, i.e. the hidden factors upon people’s behaviours, those who undertake cross cultural training begin to deal with people with a sensitivity and understanding that may have previously been lacking.

Develop Listening Skills: Listening is an integral element of effective and productive communication. Cross cultural training helps people to understand how to listen, what to listen for and how to interpret what they hear within a much broader framework of understanding. By becoming good listeners, people naturally become good communicators.

People Use Common Ground: In the workplace people have a tendency to focus on differences. When cross cultural communication problems arise the natural inclination is to withdraw to opposing sides and to highlight the negative aspects of the other. Cross cultural training assists in developing a sense of mutual understanding between people by highlighting common ground. Once spaces of mutual understanding are established, people begin to use them to overcome culturally challenging situations.

Career Development: Cross cultural training enhances people’s skills and therefore future employment opportunities. Having cross cultural awareness gives people a competitive edge over others especially when applying for positions in international companies with a large multi-cultural staff base.

The above benefits are but a few of the many ways in which cross cultural training positively affects businesses through staff training and development.