Systems & Processes

How To Get Better Sleep Quality With An Entrepreneur’s Lifestyle

If you’re always wondering how to get better sleep, you’re not alone. Sleep is crucial for performance. Do you struggle to get enough sleep due to your hectic schedule as an entrepreneur, but lack of sleep affects your productivity? For most business owners, a good night’s sleep is something they can only hope for.

I know entrepreneurs have a very busy schedule. If you are an entrepreneur, I am sure you make various sacrifices for the sake of your business, on a daily basis.

Especially when you’re just starting out in your business, you want to take on everything, right? You might not even ignore personal relationships with friends and family. And you might be sacrificing your sleep to build your business.

I know the strong desire to succeed and the confidence to take on challenges is a rush like no other. Many entrepreneurs might even think that skipping sleep is an unspoken requirement for success. Some may think that it’s all part of their entrepreneurial journey which will lead to eventual heroic success.

But that is far from the truth. Lack of proper rest and sleep can have some serious consequences. It has a direct correlation with your health and mental well being.

If you keep losing sleep, eventually, there will come a point where you will feel the drastic effects. It is well-known that exhaustion can lead to a significant dip in your performance.

These dips in performances and deprivation of rest could lead to burnout and serious mental health and physical health concerns. And what will happen when your health is adversely affected? Well, your business will suffer, and so will your relationships.

The business you sacrificed everything for – even your sleep – will start to fail. Lack of sleep is counterproductive in the long run. Hence, sleep deprivation is foiling your chances of becoming successful even if you may not realize it yet.

The Temptation of Sacrificing Sleep

You may have heard that several famous figures in history favored sleeping less. Instead of wanting to get better sleep, they wanted more time to work on things that mattered to them. They favored time over sleep.

Famous inventor Nikola Tesla survived on only 1.5 – 2 hours of sleep per night. Benjamin Franklin slept only 5 hours per night.

Even in recent times, you will find several successful people who have reported that they sleep very little. Here’s a list of 19 barely-sleeping, successful people.

Jack Dorsey reported sleeping only 4- 6 hours when he started Twitter. Donald Trump credits his success to sleeping only three to four hours each night.

Marissa Mayer, when working for Google, slept 4 hours a night so that she can work 130-hours a week. Apple’s CEO Tim Cook wakes up at 3:45 a.m. to get a head start on the 700-800 emails he receives a day.

In 2011, a new elite group known as The Sleepless Elite was identified by The WSJ. These are the 1% to 3% of the population who live happily on just a few hours of sleep per night.

These are people born with the Thatcher Gene, a genetic mutation, where the person requires less sleep to function normally. While the rest of us require 7-8 hours of sleep, they can work with a lot less.

It’s unknown if any of the famous figures have this gene or not. If you go by the statistics alone, it’s highly likely you don’t have it. Psychiatrists believe that out of 100 people who claim they need only 5-6 hours of sleep, only 5 are right.

So, it might seem tempting to replicate these successful people’s habits to replicate their success. But that couldn’t be farther from the truth, as we will see in the next section.

The Effects of Low-Quality Sleep

Research shows that insufficient sleep leads to a slowing of response speed, and increased variability in performance. It particularly affects alertness, attention and vigilance levels.

Other short-term problems can include:

  • Reduced ability to think, remember and process information.
  • Increased likelihood of getting into conflicts with others.
  • Reduced participation in usual daily activities such as exercise.

It even increases the chances of car accidents. The U. S. National Highway Traffic Safety Administration (NHTSA) reports that drowsy driving is related to at least 100,000 motor-vehicle crashes and more than 1,500 deaths per year. 

Furthermore, Harvard Medical School’s study shows a lack of quality sleep has a serious negative impact on your:

  • Concentration
  • Memory
  • Mathematical capacity
  • Logical reasoning
  • Perception
  • Judgment

If you continue to operate without enough sleep, you may see more long-term and serious health problems, such as:

  • Obesity
  • Diabetes
  • High blood pressure
  • Heart disease
  • Mental distress

You may think that you can sleep more once you are comfortable in your success, right? What if you never get to that point? You see, if you wish to avoid these long-term problems you need to prioritize sleep in your life.

Remember that getting a good night’s rest is not a luxury, but an absolute necessity for each one of us. At the very least, getting better sleep will help you boost your productivity. In the long run, it might save you from the risk of deadly diseases.

How to Get Better Sleep Quality as an Entrepreneur

According to the Centers for Disease Control, 35% of American professionals aren’t getting the recommended 7 hours of sleep. While this sleep recommendation may vary from person to person, it is a step in the right direction.

Good sleep will set you up for success from the moment you open your eyes. A well-rested mind and body are better equipped to tackle each day.

Each night, when I go to sleep, I die. And the next morning, when I wake up, I am reborn. – Mahatma Gandhi

It can be hard to put your rest at a high priority, especially with all the work. But, it will be worth it in the long run. In fact, your body, mind and your business will thank you for it. Here are 7 helpful tips that can help you get better sleep quality.

Avoid coffee to get better sleep

1. Avoid Drinking Too Much Coffee

According to Zagat’s National Coffee Survey results, Americans drink an average of 2.1 cups of coffee per day. What’s worse is that consumption is shown to increase with age.

As an entrepreneur, it is tempting to go for multiple cups of coffee to stay awake and alert. In fact, for many of you, coffee might be an indispensable part of your daily routine.

You might rely on it for the much-needed boost of energy in the morning. Sometimes, even after the mid-afternoon dip in energy. For some entrepreneurs, it might even be a preferred productivity tool.

But it should come as no surprise that too much coffee could be responsible for keeping you up at night. Journal of Clinical Sleep Medicine’s study, found that consuming caffeine six hours before bed still impacted sleep.

You see, when caffeine doesn’t metabolize properly, it can keep you awake long after it’s been consumed. Hence, you should avoid consuming caffeine at least seven hours before bed, to prevent negative effects on your sleep.

As a best practice, keep it to 1-2 cups a day and give yourself that caffeine-free window of 7 hours. Slowly but surely, you will start to get better sleep quality.

Avoid sugary foods to get better sleep

2. Avoid Sugary Foods (Especially Before Bed)

Nighttime hunger pangs are quite common. It’s quite natural to go for something sweet such as a candy bar as it’s comforting. But if you’re eating high sugar foods before bed, you’re setting yourself up for a sugar rush.

It will take longer for you to get to sleep as you will toss and turn longer than you should be. In fact, the more sugar that you eat during the day, the more often you’re going to wake up while sleeping.

The worst thing in the world is to try to sleep and not to. – F. Scott Fitzgerald

Essentially, the sugar in your system can even pull you out of deep sleep. What’s worse is that this will make you feel exhausted the next day.

You see, if you want to get better sleep, your blood sugar level needs to be steady throughout the day. This will also keep your energy level even, during the day, helping you stick to a normal sleep schedule.

So avoid foods that contain simple carbs and refined sugar. Instead, eat foods rich in good fats and protein such as crushed almonds in a warm glass of milk. You could even go for some hard-boiled eggs.

Say no to sleeping pills

3. Avoid Sleep Inducing Substances

I know some entrepreneurs prefer taking pills to sleep. Some choose alcohol or other such sleep-inducing substances. I strongly advise against the consumption of such substances that greatly disrupt your brain’s natural sleep process.

You see, anything that interferes with the brain’s natural sleep process has dire consequences for the quality of your sleep. For long-term benefits, you have to practice falling asleep naturally and reduce your dependence upon sedatives.

The best way to stop is to gradually reduce the dose with the guidance of a doctor. Professional medical care will reduce your dependence, step-by-step and help with any withdrawal symptoms, as well. You could also opt for psychological or therapeutic support for optimal benefits to get better sleep.

Keep your devices away

4. Keep Your Devices Away

You might find it tempting to check your emails before sleeping, but that’s where you catch the dreaded blue light. Blue light is emitted from each device we use on a daily basis.

Harvard’s study recommends avoiding looking at bright screens beginning two to three hours before bed. If that seems too hard to implement, strive to give yourself at least an hour’s time of no device usage. This will give your body enough time to adjust and get ready for a night of sleep.

The study even suggests exposing yourself to lots of bright light during the day. This can also enable you to get better sleep at night.

Furthermore, reading emails right before bed can have two major implications. If you hear some good news, you’ll start processing ideas to implement the next day. If you get some bad news, you’ll start stressing out about it. Either way, you are going to lose sleep.

So, keep your device on silent mode or just turn it off. Instead, the best use of this hour is to give yourself time to unwind and decompress.

Unwind before bed to get better sleep

5. Decompress Before Bed

A high level of stress interferes with your ability to sleep. As an entrepreneur, your life has plenty of stress to go around. If you don’t deal with that stress properly via relaxation and mental processing, it’ll prevent you from getting sleep.

After a hard day’s work and before you go to bed, here’s your chance to unwind a little. Why would you want that? Well, transitioning directly from business to bed doesn’t work if you want to get better sleep. Both are two very different zones and your subconscious mind needs time and space to switch between the two.

Since you’ve put your device away, you could read a book. In fact, reading a book is one of the most powerful habits of self-made millionaires.

Alternatively, you could listen to some music, spend some time with your family or just use this time to reflect on your day. Whatever you choose to do, the main goal is spending time on your own, in a relaxed state.

Furthermore, you should start dimming the lights during this time, too. This routine will take some practice, but once you do it regularly, it will help you get better sleep.

Create a sleep friendly environment

6. Create a Sleep-Friendly Environment

Your sleep time is precious and the quality of your sleep will determine your output for the next day. So, you need to create a quiet and peaceful environment that can instantly help you get better sleep.

I have seen entrepreneurs sleeping on sofas or even their work desks. That may work for some people, but I would suggest investing in a comfortable mattress and pillow. With the plethora of sleep-friendly options in the market today, it shouldn’t be too hard to find the right one.

Furthermore, shut off all noises by wearing earplugs when sleeping. If you have the habit of listening to something while sleeping, listen to white noise or nature sounds.

Also, it’s best to have dark curtains (such as black-out curtains) installed in your bedroom to ensure you sleep in complete darkness. Alternatively, you can also consider sleeping with a nice, comfortable eye mask.

Why do you need complete darkness? You see, our brains are hard-wired into associating darkness with sleep. The brain produces more melatonin (the hormone controlling our sleep cycles) when it senses an absence of light.

Furthermore, you could use natural essential oils that can help you get into a more relaxed state. These oils can be applied to your skin topically or dispersed in the air with the help of a diffuser.

Keep a journal on the bedside

7. Be Prepared for Sleep Epiphanies

Does your brain come alive at night? I know mine does. In general, I know as an entrepreneur, you have multiple thoughts and ideas running at the same time. It could be about what you should be doing to make your business better, right? Hence, it is natural to have bedtime epiphanies.

Your subconscious mind will keep thinking and adding tasks to your mental to-do list. What’s more, these might be some of the best ideas you’ve ever had, coming to you at bedtime.

What tends to happen is that you feel afraid you will forget these ideas and hence keep thinking about them. A simple solution is to keep a notebook beside your bed.

When you can’t sleep because of a good idea, just write it down. Make sure everything noteworthy is in the notebook. This trick will reduce anxiety and help you get better sleep.

Adopt the Right Habits to Boost Productivity

It’s quite clear that sleep deprivation has you performing at a fraction of your full potential. Hence, I always advise preparing for a marathon rather than a sprint. Both have their time and place in an entrepreneur’s life but always focus on long-term victories over short-term gains.

I know that as an entrepreneur, you want to get as much work done in a day, as possible. But sacrificing sleep for the sake of getting more work done is not sustainable. Instead, if you get better sleep, you will become more productive and accomplish more in less time.

In the beginning, you may think that reducing 2 hours of sleep gives you 2 additional hours to work. But eventually. the negative effects on your performance will cancel out any productivity gains you might incidentally see.

You don’t have to sacrifice a proper night’s sleep to build your business. Instead, improve your day’s processes to increase your productivity.

You’ll succeed when you have your time, resources, and mind working together for a better output.

If you want to improve your productivity, I’ve put together a training for you. This video training teaches 3 powerful ways to operate like a millionaire. These productivity habits give you more control over your daily routine. 

Once you are in more control of your day, you will get more done in less time. This will give your more room to take breaks and get to sleep earlier. As a result, you will benefit your health and your business, in the long-run.

Moreover, more control over your day means that you will be able to spend more time with your family too. Grab this Millionaire Productivity Secrets Video Training to start seizing your day without sacrificing your sleep and health.

Discover millionaire productivity secrets

How To Create Interesting Instagram Posts That Keep People On Your Page

Are you struggling to create interesting and engaging Instagram posts? There are plenty of ways to create an interesting post, even if you’re selling a digital product that’s impossible to visualize or something that’s not glamorous. 

If you’re using Instagram to grow your business, it’s essential to grow your audience and keep them engaged on your page, but how do you create interesting Instagram posts that could help you grow your business? 

With over a billion people active on Instagram monthly, it’s crucial to know how to use it effectively. Instagram has become one of the favorite social media channels for many people. As you know, Instagram is a photo-sharing platform. They have 500 million daily active stories users worldwide in 2019. 

If you can create interesting Instagram posts, it is a platform to grow your audience fast. So how do we do that?

For some businesses, it makes sense to establish a presence if you want to monetize on this platform. It has become a very competitive platform for those who are aiming to grow their audiences. You need to constantly find innovative ways to keep them interested. Only then, you can keep people engaged on your page.

A good and shareable post means you need to have a compelling caption. Why? Because a compelling caption draws your audience to share and stay on the page. In this article, I will share with you my Instagram secrets and on how you can create interesting Instagram posts that hook people to stay on your page.

Create Compelling Caption for Instagram Posts

Instagram is all about visuals. Not only good quality photos will capture the eyes of your audiences, but also a compelling caption will make them stay. While a good photo exhibits your brand instantly, a compelling caption explains what the photo is about and tells your audience to take action. 

With that said, there are many ways to create compelling captions. It’s either you do a lot of research about your competitors and other brands, enroll in a course, or borrow ideas from other online sources. However, coming up with great ideas to generate compelling captions can be very easy. 

To create compelling captions is a learnable skill. Even for someone without a digital marketing background can do this – as long as it’s relatable to your brand. It may sound easier said than done because not only does it have to be relatable, it needs to look good to be able to capture your audience’s attention as I said earlier.

If Instagram is for you and your business, watch this video on how you can grow your followers organically.

Now you must be wondering how to create compelling captions.  

Are You Offering Value or Persuading Your Readers?

Like any other skill you learn, it’s either from enroll for a course, engage a mentor to teach you, learn from tutorial videos, read blog articles, or read some books on how to create interesting Instagram posts.

To be able to write something that’s so compelling is not an overnight success. For those that have been creating captions for social media, they are experts in digital marketing and if you’re one, you can relate to this. 

Now, what if you’re a copywriter who wants to learn content writing? Or you would like to learn more about copywriting?

As a copywriter, first you have to understand the difference between copywriting and content writing. Both are important to know for marketing as they have different purposes, but the differences have a fine line between them. 

Content writing is about offering value while copywriting is about persuading the reader.  So, knowing the difference will be able to help keep people on your page, depending on your brand and niche.

As I said earlier, like any other skill, you can always learn copywriting if you want to venture into online business. Maybe you have an interesting product that you want to share with the world. But you have little to no knowledge about Instagram. Honestly, I know how you feel, and I can relate to that. That’s why, in this article, I’m going to share some Instagram secrets that got me from zero to 1.5 million followers.

Using Hashtags Is One Interesting Way to Get Attention

Don’t neglect using hashtags. One interesting way to get attention and gain new followers is by using relevant hashtags. With that said, you’ll not only get to keep your organic followers on your page but also new people. Although you can basically hashtag any word that comes out of your mind, if you’re marketing for a certain brand or company, doing research is an important factor to find out what’s the top trending hashtags. Of course, you want to find out what’s related to your topic or brand.

Hashtags have great connectivity element which connects users who aren’t connected to one another. Click To Tweet

No matter how interesting a hashtag can be, limit to 4 hashtags. You don’t want to flood your audience with too many hashtags. It has to tie with the conversation of different users into one stream. So, if your account is public, anyone who searched for that particular hashtag may find your Instagram post. 

Hashtags have a great connectivity element. It connects users who aren’t connected to one another. This means people who are interested in the same topics, brands, meetings, and events. They will be able to find you through a hashtag. 

Now, why limit to 4 hashtags? If you use a string of hashtags, people will notice and they might think you’re just looking to gain new followers (it’s like spamming). They would get the wrong idea so use it sparingly.

Use High Quality Images

Stock images are probably the easiest and fastest way to find high quality images. Even though they have a bit of a bad reputation recently, that doesn’t mean that you can’t use stock images. However, not all stock images are perfect for your niche. Although some can help you create a varied feed, if it’s not given a prime spot to your feed, they can be bad for your branding if that is the case.

A Picture is Worth a Thousand Words. Click To Tweet

When you’re looking for ideas online, be aware of the differences between commercial and editorial licensing. Especially when you download an image with a quote or a caption. Legal action can be taken against you, so beware of using an image improperly. That’s why understanding all of the rules is important. Many digital marketers neglect to understand the danger of acquiring stock images, even though most of them are easily downloadable for free. 

According to HubSpot. High quality stock photos don’t have to come hand-in-hand with a hassle of a high price tag. They’ve compiled 20 of the best free stock photo sites for you to use in 2020. 

Here is the list of the best 20.

  • Negative Space
  • Death to Stock
  • Picjumbo
  • Stokpic
  • Kaboompics
  • Startup Stock Photos
  • Freerange
  • LibreShot
  • Fancy Crave
  • Unsplash
  • StockSnap.io
  • SplitShire
  • Life of Pix
  • HubSpot
  • Pexels
  • Gratisography
  • Jay Mantri
  • ISO Republic
  • New Old Stock
  • Pixabay

If you have a bit of budget to spend, you can get better quality images and have access to a wider variety. But bear in mind, the recommended dimensions of an Instagram post, it’s at least 1080p and aspect ratio between 1.91:1 and 4.5.

  

Post Consistently At The Right Times

If you’ve watched the video I shared in the beginning, I said to post at least once a day or maybe 2. Don’t over-post as that is a surefire way to turn off your existing followers. You want to stay fresh and relevant to your audience. 

On top of that, it’s critical to know when the best time is to do what kind of post on Instagram. With the recent growth to one billion monthly active users on Instagram, the median engagement rate is 1.6%. More and more people are leaning towards segmentation, because it provides a more satisfying journey to your customers. So, to fully understand your market when creating your Instagram post is crucial. 

Now, you might have this question in mind, “why do I need to segment my audience?” Well, segmenting your audience will provide you more focus and authenticity. This gives a more personal experience because the Instagram algorithm prioritizes certain posts. With that said, you’ll want to know those key statistics on the best time for your Instagram post.

Use Instagram Stories

As I said in the beginning, 500 million people use Instagram stories daily and we’re talking about worldwide. So, can you imagine, the traffic in an hour? I have 1.5 million followers, that’s only 0.003% of the total number of people. 

So, if you can create an interesting and compelling Instagram post, people would share your post across and in addition, it keeps them on your page. Instagram stories have become very popular. Not only is it interesting, but it’s also attracting people in an engaging way. Why? Because stories that are on Instagram only last for 24 hours on your page and usually, people are always curious about what you’re up to. Especially when you have a new product and service. 

The reason behind people’s curiosity is that they don’t want to feel left out. That’s why it’s interesting. 

When you tell your audience what you’re up to. It shows more authenticity and builds trust among your audience. By doing that, it’ll help you increase the number of followers and engagement rates. 

Having said that, when creating Instagram stories. Tell stories instead of preaching marketing missives. Because if you want to keep people on your page. You should captivate your audience through compelling stories, images, videos, and words. Become a storyteller. 

People are mostly curious, and they don’t like to be left out. So, telling stories is one of the best ways to keep people engaged on your page.

Be Consistent On Your Feed Visually

As you know, Instagram is all about visuals and to create interesting Instagram posts, keep your visuals consistent. Experiment with profile colors, it’s the simplest and most popular way to make a stylish account. On top of that, it’s incredibly effective. 

You can repeat the same color theme in different ways using objects and filters. Or background color but post photos in one colored theme as it reflects on your brand. You could change your theme anytime you want, as long as you are consistent with your feed. Besides that, you’re giving your followers a fresh new look at your products. 

Users prefer to experience authentic expression and diverse perspectives. Which means, people today want to see something that’s more natural-looking. For example, replace your high-saturation filters and perfectly positioned item with candid shots.

Instagram is all about visuals. Create interesting Instagram posts by experimenting with profile colors. Click To Tweet

Again, keep your feed visually consistent. So, to achieve a consistent look, using photo editing apps is the key. Here are some of the best photo editing apps.

  1. Snapped
  2. Afterlight 2
  3. Prisma Photo Editor
  4. Adobe Photoshop Express
  5. Foodie
  6. Adobe Lightroom CC
  7. Canva
  8. Adobe Photoshop Fix
  9. Visage
  10. Enlight Photofox

Now, I’ve shared some of the best photo editing apps. Did you know that videos will make up more than 80% of all consumer internet traffic by 2021? This means you could also add a couple of videos on your feed. 

Leverage Instagram Video Formats

From Instagram stories to standalone 60-minute videos, consider Instagram stories’ live video options. Maybe a sneak peek about your new products or service. This will add authenticity to your Instagram posts which will also keep people on your page. 

While video continues to dominate the online space, according to Instagram, 60% of stories are viewed with sound on. So, what does this mean? When 40% are viewed without the sound on, subtitles have become essential for marketers. Now, having subtitles delivered alongside your visuals would enable your core message to your audience. 

Knowing the difference between copywriting and content writing for a copywriter is important. On top of that, captioning a video increases average video view time by 12% (Research from Facebook)

Although it’s not part of Instagram’s best practices for stories, it’s more about how compelling your caption is that keeps people on your page.

Use Emoji With Instagram Post

Emojis are used by most people across online platforms. Such as, messaging apps, social media and so on. Even for emojis, you need to create a strategy on how to use it effectively but when it comes to Instagram posts, use emojis because it catches people’s attention and it has a more fun engagement.

The power of compelling words extends to “Emojis.” Click To Tweet 

Emojis can sum up a sentence with a dash of personality. In fact, little emojis can make a huge difference when you’re trying to convey a message. On top of that, it can also increase your click-through rates and engagement levels.

Include a Call-To-Action (CTA)

On any social media platform, always include a call-to-action. This gives your audience the answer to what’s next? If you don’t have a call to action or some form of a close, you’re most likely to lose a potential customer or further engagement. 

Your whole point of creating an interesting Instagram post is to keep people on your page as long as you can. As a result, they continue scrolling on your profile or visit your website (if you have one on your bio) and they could share some of your content across other channels. 

Followers may love your Instagram ads and share your content but make sure you lead them to the most powerful action. With that said, this last action is the most direct way to increase interaction. This means, you’ve managed to keep your audience right to the end of your goal and it’s time to let your audience make a decision.

So, a clear and concise call-to-action is critical to tell your audience what they have to do next. A call-to-action can be leading them to your profile or a certain landing page. It can also be a website, a comment or even a request for an emoji.

Discover More Instagram Secrets To Keep People on Your Page

Now that you’ve read this far, all of this might sound daunting. Your Instagram profile is like your business and it is constantly growing and evolving. That’s why I created this training called Instagram Secrets. In this video training, I’ll show you how to build a massive tribe of followers. 

But you might have this question in mind, ”What do I get out of this training?” Here’s what you’ll get:

  • Instagram Secrets: How To Get Your Next 10,000+ Followers 
  • The Secrets to QuickStart Guide
  • Decoding Dan Lok’s Top 3 Instagram Posts
  • Instagram Secrets Bonus Material

Now, here’s the thing I don’t want you to miss. Almost every hour people are purchasing my Instagram Secrets from the shop and it’s currently priced at $49.00. The problem is, I don’t know for how long it will be at this price because I usually sell this at $99.00.

If you’re a serious digital marketer and a copywriter or you want to start a profile on Instagram to monetize your presence, I recommend you get your personal copy. Instagram is one of the best social media channels for marketing. I’ve also created different training videos based on your expertise. 

If you want to discover the secrets to Instagram’s success. Head over to the Dan Lok Shop now to get your very own personal copy before my team decides to remove the discount, click here to get your copy now. 

Otherwise, if you prefer to continue watching my free content, you can also subscribe to my YouTube channel where you watch the many educational videos that my team and I upload everyday.

How To Find Investors Before Your Company Launch

Thinking of starting your own company? First, you’ll need to know how to find investors to fund your startup.

Most entrepreneurs who are looking to start their own company know it’s not just about having a solid plan of where they’ll take the company in the next few years. It’s not what niche they are going to go into, or the best practices within their own industry. No, it’s about money – AKA startup capital. That’s why you need to know how to find investors.

Successful entrepreneurs and business owners know they need cash on hand if they want to succeed. Research shows that most businesses fail because they lack capital. Without an adequate source of funding, they won’t be able to maintain their operations past the first 5 years of business – which is the crucial moment in time when most businesses fail.

Think of capital as a safety net. Every time you make a mistake in business, it’s going to cost you money. The more money you have, the more mistakes you can afford to make. This is why having capital is very important, and you need investors to raise capital. Compared to a startup with very little money, the companies that knew how to find investors can afford to make more mistakes. And you will make mistakes which will cost you money.

Those who started a business with very little capital (and no investors) only afford to make a few mistakes before they go bankrupt. If you’ve never tried to grow a business before, you’re sure to make plenty of mistakes.

how to find investors

Having capital allows you to endure through those tough first few years, and eventually build up your business to become successful. If you’re looking to start your own company, here are a few tips on how to find investors for your startup launch:

Perfecting Your Business Presentation and Pitch 

Before you even begin to look for investors to fund your startup, you should have your pitch down. Have a well thought out presentation that is visually appealing. Documentation of your plan and what you have in mind. The niche and industry you are going to go into. Your expenses, operations, estimated profit and yearly revenue. And most importantly, what’s in it for the investor.

Remember, everyone on this planet is tuned into the radio station WIIFM – What’s in it for me? Realize that from an investors point of view, they are taking a risk. They don’t know who you are, if you are trustworthy or if you’ll even succeed. Worst case scenario, your business could fail, and they lose all of their money invested. Your job is to help alleviate these doubts and fears, and assure them that you are going to succeed.

To do this, focus on tailoring your sales presentation to how it can benefit your investor. Are they getting a 10% equity in your company? Will they get royalties on every product or service being sold? Make it clear that if they decide to do business with you, they are going to get a nice ROI. A little bit of greed in business is a good thing – if you can cater to that side of your investors, they’ll think less about what they have to lose, and more about what they have to gain.

Give them enough reasons to believe they have more to gain than lose, and they’ll have the confidence to say yes. And, if you come across as confident in your well-rehearsed pitch, they’ll be more likely to feel confident investing.

Before You Become a CEO You Need to Become a Salesperson

During the actual presentation, your role is going to be that of a salesperson. Your company does not yet exist – it is simply an idea in your head or on a piece of paper. You are trying to sell your company and vision to the investor, and to do that, you need to convince them that your plan is going to work.

how to find investors

Before you even become the CEO of your own company, you first have to become a great salesperson. Being a visionary and sharing your passion as to why you want to start a business in the first place is good, but unless you are able to clearly articulate your thoughts to the investors, you will never have a chance at succeeding. Spend time to craft your pitch carefully, practice your speech over and over until it comes second hand, and then take action. 

This is where skills like closing become very useful. If you have experience doing sales, you will have a much easier time getting over your investor’s objections. Being able to redirect the conversation will allow you to get to the core of what your investor is really after – getting a positive ROI. You already know what kind of outcome they are looking for, all that’s left is to lead them towards that result. Treat them like you would treat a prospect, and get them to say yes.

Having your pitch down and solid documentation of how you are going to get there, is going to help influence investors to believe in you and your vision. But ultimately, it will be up to you and how well you can sell yourself.

Why You Shouldn’t Approach Banks For Your Startup Funding

Thinking about getting funding through traditional methods like the bank? Think again.

Banks have extremely strict lending criteria, and as a startup with no track record, no revenue and no proof of success – the chances they’ll say yes are very slim. As a startup entrepreneur, banks want nothing to do with you. Startups are a risk they aren’t willing to take, and with such a large customer base, banks have many other people they can lend money to at a much lower risk.

If you’re wondering how to find investors to fund your company, banks are the last place you’ll want to visit. Instead, get creative – and tap into the marketplace that other entrepreneurs can be found: Social Media.

Using Social Media and Crowdfunding To Build Your Business

One of the best ways to get funding is by using crowdfunding platforms such as GoFundMe, Kickstarter and Patreon.

“But Dan, I’m an entrepreneur! I’m not going to accept DONATIONS from other people!”

You won’t accept donations? That is precisely the kind of mentality that is holding you back. Instead of seeing it from the perspective as a donation, think of it as a business loan that you will pay back once your business is up and running. For example, let’s say you need a million dollars before you can start your business. So you set up a Kickstarter page, get the funding and now you’re ready to launch your business. How are you going to pay back your loyal supporters, who got you where you are? 

This is why some crowdfunding campaigns have rewards based on the amount that people donate. Those who donate more money, have access to exclusive perks and benefits such as lifetime discounts on products and services, or limited edition products. Having a reward tier system allows the funders to feel they are getting something in return. You get the money you need for your business, and they get rewarded for their financial assistance.

how to find investors

You Don’t Need Money – You Need Resourcefulness

Finding investors for your startup company launch requires creativity. You are doing something that goes against traditional wisdom, which means you need to think up methods that don’t use traditional means. 

The biggest problem that beginner entrepreneurs have, is that they make up excuses. They say things like “I don’t have enough money” or “I don’t know how to do this or that.” As an entrepreneur, excuses will get you nowhere. If you want to succeed, you need to realize that those who have made it, did so not because they had money, but because they were resourceful.

Imagine that you somehow got the startup capital for your company. You’re ecstatic that you finally have enough money, and celebrate with a big company launch. But then a year later, you realize you’ve already burned through all of the cash and need more. Now you’re back where you started. How will you solve the issue this time?

Having money isn’t the solution. Being resourceful is. If you have the skills and knowledge to generate money, you will never have to worry. Money is something that can be taken away from you as easily as you have earned it. And in the world of business where there are many risks and possibilities of going broke, you need more than just money if you want to succeed. 

how to find investors

Learning how to be resourceful will allow you to overcome many other problems that you will inevitably encounter along the way. If you make excuses and rely on having everything ‘ready’ before you begin, you will struggle whenever any problem pops up. Think of the problems you currently have now as opportunities, that tell you what aspects of yourself you need to improve on.

Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime. Click To Tweet

Finding Angel Investors and Getting Them to Say Yes

If you’ve ever watched Shark Tank or Dragon’s Den, you may be familiar with the term ‘angel investor’. Angel investors are entrepreneurs that are wildly successful. They are multi-millionaires and even billionaires that actively look to invest their money into funding companies and startups.

These millionaires and billionaires can afford to take the risk to invest in startups, because to them it is only a small percentage of their net worth. If the startup fails, they simply lose their investment – which is not a lot to them. They understand that if they want to make a lot of money, they must be willing to take big risks. For them, startups are the fastest way to generate more money – a small $100,000 investment could easily net them a 1000% return if the business becomes successful.

how to find investors

If you want to get funding from an angel investor, you need to be prepared. This is why I recommended you first rehears and perfect your pitch and presentation before you even begin looking for investors. Successful people know that opportunities can happen at any time, and if they want to win in business, they have to always be ready to give their best. That means preparing ahead of time what you want to say, and how you should present yourself. After all, you only get one shot at making a first impression.

Angel investors can be found in any local city, online, on television shows, at business workshops, seminars, and even as an associate of your friends or family. The larger your network is, the better chance you have of finding an angel investor. Once you do, all that’s left is to convince them that you have what it takes to make the business successful and generate them a massive return on their investment.

Why Your Network is Your Net Worth

The more people you know, the higher your chance of succeeding in business. Successful business people understand that having connections and growing their network is one of the most valuable assets they can have. In order to build something great, you need a team. And when you know a lot of people, you have access to many more opportunities.

People only do business with people they trust. And for them, they are much more likely to trust a friend than a random stranger they just met. That’s why having a large business network is so valuable, because it allows you to tap into many resources. Finding a business mentor, for example, could make all the difference for you. In fact, if it wasn’t for my mentor Alan, I might never have become successful.

Alan was my copywriting mentor. Before I met Alan, I had started and failed at 13 different businesses, getting myself into $100,000 of credit card debt. Even though I was desperate to succeed, I still did not give up, and did everything in my power to keep moving forward. That led me to attend a seminar, where coincidentally, I found myself sitting beside him in the audience.

At that time, Alan was this super successful copywriter whom I frequently studied. I managed to convince Alan to become my mentor, and after a lot of begging, stubbornness and hard labor, he finally agreed. As time went on, Alan found himself too busy to take on copywriting work from his clients, and instead handed them off to me. Because of Alan, I was able to kick off my copywriting career, find clients and never have to work a 9-5 job again. I knew the right people, and they helped to open many more opportunities for me. That’s the power of having a large business network.

how to find investors

Your network is your net worth. - Tim Sanders Click To Tweet

Expanding Your Network and Business Connections

If you want to expand your network, you have to put yourself out there. That means going to seminars, workshops, making YouTube videos or building a social media profile.

If you’ve been following my work for some time, you’ll realize that I do all of the above. This isn’t accidental, it’s intentional. I knew that if I wanted to spread my message across the world, that I would need to put myself on as many platforms as possible. I had to grow my presence online, so that people could find me and know who I am. If you’re looking for investors to fund your startup business, I would recommend you to do the same.

There are many platforms you can promote yourself on. Some popular platforms are LinkedIn, Instagram, YouTube, Facebook, Twitter and Kickstarter. Think of these platforms as your business brand – what kind of content do you want your audience to know about? What kind of content would attract investors to reach out to you for funding?

“But Dan, I HATE social media! It’s so shallow and cliche!”

Instead of thinking about it as social media, think of it as business media. You are using these popular social media platforms as a way to advertise your business. The best part, is that you can do so for FREE. Traditional methods such as running ads cost you money, and considering you are looking for investors for your startup, you probably don’t have a lot you can spend. 

Get creative, and leverage social media as your business page. You’ll be able to reach millions of people by either building your own personal brand, or finding others who are doing similar things.

Follow Me On LinkedIn and Expand Your Business Network

Becoming an entrepreneur is not easy. It means you are committing yourself down a path that goes against conventional wisdom and what you have been taught. In order to succeed as an entrepreneur, you’ll have to think outside the box.

If you’re looking for ways on how to find investors for your new company, you won’t be able to do it through traditional institutions like banks. Instead, look for places where investors and other entrepreneurs are most likely to hang out. This could be at seminars, workshops, speaking events or your local bookstore. They’ll also frequently visit crowdfunding campaigns and professional business platforms like LinkedIn to grow their network and connections.

By building a personal portfolio or brand of yourself and what you stand for, you can attract potential investors to your startup. Put yourself out there, by growing your network and posting on social media. If others are interested in what you have to offer, they’ll instead reach out to you.

If you’re looking to grow your business network and meet others who are doing the same, follow me on LinkedIn here.

Are You Working Too Much Or Feel Stuck In Business Stagnation?

Do you feel like you’re working too much, and you feel burnt out or stuck in a rut? According to Gallup’s 2017 study, approximately two-thirds of U.S. employees feel disengaged at their workplace. If only 33% of employees feel engaged at work, that’s unfortunate. Something has to be done about this problem. So, are you working too much and feeling stuck?

When an employee leaves the company they work for, they’re often leaving their awful managers or their horrible bosses– not the job itself. So, when managers make a lot of unnecessary rules, the company might need to rethink some things. Unnecessarily strict rules drive employees crazy. But what does this have to do with working too much and feeling stuck at work?

As a business owner, nothing is more frustrating than feeling stuck. You know you have to grow your business, but you don’t know where to fix things, and that’s frustrating. If you’re an employee, you might leave the company and search to work with a different manager.

At one point or another, people make a change and seek out better opportunities. While some choose to stay and remain stuck – it's your choice to stay in your circumstances. Click To Tweet

While some choose to stay and remain stuck, due to fear of change or fear of failure, those people are making the wrong choice. Furthermore, dissatisfied employees can affect the company in a negative way. Because of their lack of motivation, they don’t perform well. 

Having the negativity of these employees spreading around the workplace creates a toxic work environment for everyone. It will affect the entire department and disrupt the company’s bottom line. With that said, as a business owner, you need to understand the reasons for your employee’s dissatisfaction. When you understand the reasons, you can come up with a solution that does not only create a healthy work culture, but also leads to growth in your revenue.

Key Reasons For Feeling Stuck

You’re working too much expecting a positive growth, yet you feel stuck. That’s common among entrepreneurs. You might feel overwhelmed with your current business model, or extremely busy and stressed. You’re ready to progress to the next level of your business but you’re uncertain of what step you need to take.

When you’re stuck in business, often the issue that you think is the issue, may not be the actual issue. Click To Tweet

For example, perhaps you place a high expectation on your predicted monthly revenue due to false promises from your prospects who claim to be interested in a purchase. You keep getting false hope from your prospects when they say things like, “I really want to buy it, I’ll call you back shortly.” But they never do call back, or they say, “Hmmm, this is interesting, can you send me more information?” But you’ll never hear from them even after sending more information or following up several times.

Does this frustrate you? I understand how you feel.

You’ve worked way too hard to just throw everything down the drain just because you feel stuck in your business. You’ve put too much effort into something that you think it will bring you somewhere. Especially for those that are waiting for career advancement. expecting to be promoted, or have started their own business with high hopes of self-made success.

If you’ve received false hope from your prospects, those are called sales objections, and they can be handled with proper training. 

But before I go any further, I want you to watch this video about “When you’re stuck in life”

Is Your Awareness Low?

There’s a quote from Albert Einstein that goes like this: “We cannot solve our problems with the same thinking we used when we created them.” This means, your awareness right now may be low, and you’re trying to solve problems only using what you know. And you keep trying to get unstuck with only what you know, and that’s why it doesn’t work.  

As I said in the above video, there are a few different types of people who are most likely to experience this problem:

    • People who are dumb
    • People who don’t know they are dumb
    • Some know they’re dumb
  • And, people who are dumb but think they’re smart

The last type of person I listed, the person who is dumb but thinks he or she is smart, is the most dangerous of them all. By having awareness, it’ll help you solve your problems. How? If you gain more knowledge, you’ll gain a new perspective, and you’ll have multiple choices and insightful information. When you step outside the box, you’ll see a bigger picture.

With more knowledge and training, not only will you be able to solve your problems, but you might also break free from your current unsatisfactory circumstances.

So, think about this if you feel overwhelmed with work. Are you working too much as an employee or a freelancer? Let’s say you’re an employee: How long have you been feeling this way? Do you sit around and mope when you get home from work? Are you experiencing that awful stuck-in-a-rut feeling, or a feeling of emptiness? How has this impacted you and your family? 

You’re probably thinking about all the possible ways to change your current circumstances. And what exactly are you doing about it? What’s the difference between saying you will do it but not taking any action? End of the day, you’re still not taking any action to solve your problems.

Acquiring more knowledge might be the solution to you feeling stuck. Click To Tweet

So, if you’re already good at what you’re doing, acquiring more knowledge and training might be exactly what you need to get unstuck. 

Now, let’s see what the reasons are behind you feeling stuck inside.

Working Too Much and Being Underpaid 

One of the biggest reasons someone feels that they’re working too much is being underpaid for the work they’re doing. If you’re an employee, are you being underpaid right now? I’m not going to ask you if you feel stuck inside. And if you’re reading this article now, I know you’re looking for a way out. So, stay with me.

Now, while being underpaid. It’s obvious you have to stretch your wallet further to cope with the cost of living. Can you imagine the number of things you have to pay by the end of the month? Health insurance, mortgage, food, utilities and it’s all constantly rising. And some of you might also get a side hustle just to have an additional Income.

Most people have told me they'd need a raise of at least $6,000 dollars to live comfortably. Click To Tweet

Don’t you feel that the value you provide is worth much more money? Are you being paid fairly? Many employees are underpaid, which is why so many employees feel they’ve been overworked and undervalued. 

But then again, these four words: “I’m working too much” are very broad. It depends on what exactly you’re doing, what your goals are, what you want to achieve and for who you’re working too much for. So, if you’re a freelancer. With the value, you provide to the marketplace. Working too much is not an issue if you’re aware of your awareness.

Also, acquiring a certain set of skills could help you solve your problems faster. However, for a business owner, they may feel underpaid if they don’t understand their prospects. Why? Because they may be selling their product to the wrong people. Knowing your audience is crucial if you want to grow your business. 

Do you prefer selling a product of $5,000 to 1 prospect or $500 to 10 prospects? So, if you believe in your product. And it’s offering value to the marketplace. Don’t be afraid to ask for big money. Does that make sense?

So, being aware of your awareness and who you’re working with too much for, determines how you feel. 

However, if you’re an employee and feeling stuck, you probably feel that you are working too much, and you probably don’t enjoy your work, either.

No Career Advancement 

Imagine that you’re expecting a promotion. If that is the case, perhaps you’re working too much for a reason. It’s probably to show your boss that you have the capabilities for that position. But I want you to think about this.

Are you earning the additional income so you can spend more time with your family? If you are, how long have you been waiting for that moment? Will it ever come? 

You see, a lack of career advancement is one of the reasons for employee dissatisfaction. An employee who feels stuck in their job position usually feels less motivation. When an employer includes them in their long-term plan, they’ll feel appreciated. But when you’ve been waiting for too long, not being valued and underpaid, you’ll eventually move on. 

According to Forbes, there’s a global study that revealed, 79% of people who quit their jobs cite a lack of appreciation. That’s why it’s important to develop education and knowledge. That means, to acquire a profound skill that could possibly help you ear 6-7+ figures of income. May it be a skill you can use remotely to earn over $10,000 per month.

Develop higher skills, elite training, and more knowledge to start earning a 6-figure income. Click To Tweet

Take Control of Your Life 

Let’s imagine you’ve acquired a certain set of high-income skills and now you’re in control of your life, your time and your business. How will that impact you? And if you have a family, you could finally spend more time with them or go on a family vacation. Because you have been working too much, you never had the chance to have decent family time. But now you can. How will that make you feel?

I’ve mentored over 4,900+ students from all over the world. Business owners, corporate professionals, influencers, other coaches, consultants, and freelancers. They’ve discovered the secret method I used from getting out of a 9 to 5 job to scaling my coaching business. I went from zero to $1,000,000 a month in less than 8 months. 

So, what am I talking about? Well, I’ll get into that shortly.

Lack of Interest

First of all, you should always be prepared for the future and not wait for a crisis. Even if you lack interest in what you’re doing, smart professionals keep a foot in both worlds. So, what do I mean by that? It means you can be an employee and an entrepreneur at the same time. Having said that, you should find something that you’re interested in.

Now, let’s get into some steps to help you get back on track. You’ll have better vision, clarity and a step-by-step solution to move forward. 

Once you know how to work hard, you need to know how to work smart. Click To Tweet

Identify Where Your Roadblocks Are

Working too much can lead to emotional negativity and that can lead you to feel stuck inside. While your mind can be cluttered and unclear, it’s important to identify your ‘why’ and begin a plan. This means you need to strategize, and move forward making these decisions quickly. 

  • Evaluate your market or audience, with specificity and clarity on your niche.
  • Are you spending enough on your marketing initiatives to reach your ideal target prospects?
  • Public speaking, social media, and networking are important for branding.
  • Engage a mentor to help you instead of being a lone wolf. Self-Improvement requires investment in yourself.

Dealing With Your Lower-Self

Many people are likely to get stuck in their momentary lapse of judgment. Especially when they’re at the moment before the miracle. Why? Because, before the moment of going into the next stage of your business, oftentimes it creates self-doubts. So, recognizing and dealing with your lower-self is important to keep your ego away. 

Having the right mindset gives you freedom. Because once you’ve recognized your awareness with the right mindset. You’ll have brilliant thoughts and make empowered choices. 

The thing with moving forward is, it’ll make you feel uncomfortable. Because you have to leave your comfort zone, and that makes a huge change in your personal and business life. So, don’t let your lower-self take control over your achievements.

Instead of waiting for the right time and making thousands of excuses. Constantly and consciously think about your high-self. For example, subconsciously train your mind by telling yourself “I want to be rich!”. “I can do this!”,“ I’m going to win and will not give up!”

Make Decisions That Keep Values and Visions Aligned  

Before you make any decision, ask yourself if the decision you’re making is aligned with your values, your goals, and your big-picture vision. Will your decision move you closer to your goals and closer to success?

Practice quick-action thinking. It is a very good practice in your day-to-day life. Let’s take this article as an example. As you scroll through, you might have done some thinking before you made the decision to read it. 

Perhaps you’re working too hard and looking for a way out by talking to a mentor. Or maybe you’re just surfing the internet to acquire more knowledge to figure out your way out. All you know is, you’re feeling stuck and you need help.

I’ve developed a guide on how you can use our system and strategies to grow your business. Especially if you’re in the coaching business as well. It is an interactive guide and it’s called the High-Ticket Influencer Program. 

In this interactive guide, I’ll show you how our strategies can be used for scaling your coaching business. But before I get into it, let me share some questions you might need to ask yourself. By asking yourself these questions, it can help you move forward and get unstuck:  

    • I am stuck because . . . ?
    •  I want to achieve my goal by (write a specific date)
    • To move forward, i need to have a millionaire mindset.
    • Am I working too much? So, what am I going to do about it?
    • I want to make “X” Dollars as my daily income goal (D.I.G)
Once you succeed, nobody cares about your failures. Click To Tweet

What you do for you is not as important as how you do it. As a high achiever, being good at what you do is another way to ensure career satisfaction. This means you want to become so good at your skill, you’ve positioned yourself as an expert.

Take Control of Your Time and Get Unstuck

Despite getting stuck and working too much, the main thing to avoid is feeling trapped. By having the right mindset and taking concrete positive steps in the right direction, you can start diminishing negative vibes in your workplace.

One of my mentors once told me this: “Show me your friends, and I’ll show you your future.” 

Now, why am I sharing this with you? Because the people you choose as friends will have a significant impact on your mindset and behavior. 

As I said in the beginning, smart people make a change for better opportunities. But if you choose to stay and remain stuck, it’s also your decision. I know it’s not easy to leave your comfort zone. Achieving a significant shift in mindset might be the solution for you. So, think about how this change will impact you and your family’s life. 

As promised, let me tell you what you’ll discover inside this insightful High-Ticket Influencer Program. In the program, you’ll discover how to:

      • Maximize your “Personal Media Platform” (P.M.P.)  and NEVER have to chase clients or get on the phone with unqualified prospects again.
      •  Create irresistible offers that will allow you to have the highest impact on every client.
      • Get yourself out of the small “day-to-day” minutiae and finally get your business to work for you. 

You see, there are many small actions you can take to achieve quick results that could change your life. And these small changes also prove to yourself that, with the decisions you make, you can be successful. You need to shift your mindset. So, if you think you’re working too much and it’s time to take charge of your time, discover how you can take control of your time. 

If you want to discover the systems and strategies to grow your business, especially if you have a coaching business or a business that relies on social media, simply register yourself for my program. Request your personal copy of my closely-guarded secrets. You’ll discover the methods I used to scale my coaching business from zero to $1 million per month in less than 8 months.

However, if you prefer leveraging the advice on my free YouTube videos, you can click on the link below to subscribe to my YouTube channel. My team and I produce daily educational videos for free, and you can leverage my knowledge to your own advantage.

Click here to subscribe to my free YouTube channel right now!

How To Optimize Task Management, Communication, and Training In Your Team

Do you feel overwhelmed trying to optimize for task management? Or to create effective communication in your team? If yes, you’re not alone. Task management is the most difficult part of project management in almost any team. Companies go out of business due to mismanagement and it happens all the time. 

When we look at struggling businesses, we find two main problems:

  • Lack of marketing – Not enough clients
  • Poor management – A weak leader and a lousy team

9 out of 10 times, it is one of the two problems that make the business fail. Sometimes it’s both. And the sad thing is – people often find something or someone else to blame. Sometimes they blame the government…other times it’s the market…the economy…you name it. But if we dig deeper to find the true core of the problem – management is almost always the main reason and root cause of all problems.

The way we see it – a leader is really a dealer of hope. He is the artist. The one who can paint a picture and a strong vision and have the rest of the team follow him in pursuit of that vision.

The best businesses have the best leaders Click To Tweet

So…to help you avoid some of the most common and very dangerous pitfalls, we will share with you our advice on task management.  You see…If you want to be successful as a leader, you have to plan and execute projects. However big or small they may be. To do this – you absolutely must be able to optimize task management for your team.

According to a PMI study, high-performing organizations successfully complete 89% of their projects, while low performers complete only 36%. The key for success is  – whether you manage a remote team, or in an office environment – good communication. Increasing and improving communication should be at the top of your priority list for creating a high-performance team. 

The Foundation Of Optimizing Task Management

Your company or team are most likely working on several projects at a time. And every single project is made up of many tasks and steps that lead to the final goal. Knowing how to manage each of those tasks is the secret to getting your projects completed on time.

At the very basic level, you are looking at to-do lists. But task management becomes more complicated when it comes to managing workloads at a bigger scale.

Task management is a process where you have to:

  • Outline your project. And identify all the tasks to be completed
  • Prioritize the tasks based on a set criteria
  • Create a schedule that is firm yet flexible
  • Delegate to the right people
  • Coordinate and communicate with them
  • Monitor, track and analyze their progress

As you can see optimized task management requires a group of people working together. And that requires effective communication within your team. It requires appropriate time management too. You must organize things in such a way that your team spends only the required amount of time allocated to each task and not a minute more. 

Priority tasks need to be completed first. You have to ensure your team doesn’t get distracted and stays on track. Optimized task management lets you stay on top of all your work. And helps your team meet their deadlines.

Think of it this way…Your business is a machine. And each project takes your machine forward. To execute each project you want each part of your machine to operate in the most optimized way. You want all the nuts and bolts coming together in perfect harmony. In other words, you want your business to be a well-oiled machine.

And to do that time and time again, you need a structure in place.

Create A Structure

create a structure for task management

Now, when it comes to managing people, one thing we learned over the years is that people are not manageable. You cannot actually manage people. It is much better if you can create systems so people can manage themselves.

As your company grows, you will not be able to micromanage everyone because you will have a lot of people on your team. You simply won’t have the time and capacity to check in with everyone individually. This is why you must create structure. 

If you build a system with a clear path for each team member to walk on, your job will be easy. As a leader, you will show each team member what is the path that they need to walk and how. You point them in the right direction and set them up for success. 

Now, the definition of success for you and your team is up to you. It can be defined in different ways. It could be defined in:

  • Financial terms
  • Terms of status
  • Terms of their role within the company

Whatever your goal and definition of success are – your job is to show each team member a path to walk to get to the defined goal. You have to coach them as they walk on that path and help them be successful in what they do. In this sense, one of our important tasks is to make sure they do not deviate from the path set out for them. 

Since we already established that people are not manageable, then the only way to ensure they stay on track is to build that path for them and guide them. Create a structure, manage their compensation, manage infrastructure of your projects. When you have the structure in place and clarity on your goals, then finding the people to fit that structure should be easy. 

“Business is simple, people are complicated.”

Hire The Right People

We see a lot of business owners hiring their friends and relatives. That’s a big mistake. You see… Business is a game of margins. And friends don’t always result in results. Profitable employees do.

The only reason you hire people in your company is so they give you results. You hire for profitability. Period. There are 3 main qualities that Dan Lok looks at when hiring people for his team. If you want to know what those are, watch this video: 

 

The Structure Of Effective Task Management

This structure is only a template. It is not a definitive structure that would fit all businesses. What applies to you may not apply to someone else’s business. A big company could have hundreds of projects going on. On the other hand, a small business may have 2-3 projects at the most.

Everything depends on the size of your business, your team, your budget and the scope of your projects, etc. Modify this template and adapt it to your business needs and requirements.

1. Establish An Outline For Your Projects

project outline

As a leader, you have to first create a general outline for your projects.

For each particular project:

  • Define the goals and purpose of the project.
  • Identify all the tasks needed to achieve the goals.
  • A practical timeframe your team would need to execute them.
  • Decide and allocate the budget and resources your team requires.

You should break big tasks into smaller subtasks and then focus on getting them completed one by one.

Remember if planning one project triggers an idea for another project, do not add to that project. Instead, create a new one. And create a separate plan for it later.

Let’s say you are planning for the creation of your company’s product catalog. While planning for that, you may get the idea to create other company collaterals. What you should do is make that a different project. Do not add on to the catalog project.

You see… You have to keep each project narrowed and focused. Plan, schedule and gather your team and resources to work on it. And put that plan into action. If your focus is clear and defined, your timeframe and budget allocation will remain in check.

For optimized task management, you have to establish an overall budget and schedule for the entire project first. Then you have to identify and account for other things that would be required for individual tasks within the project.

Having that overview will help you and your team better understand everything you are doing and have to do. It will also keep your budget in check. 

Once you have established these outlines…

2. Categorize And Prioritize Tasks

Prioritize tasks for task management

Once you have all the tasks listed out to execute each project… You have to assign a priority level to each task. Define them by a set of properties.

Once you have this structure in place, you would be able to prioritize and assign tasks effectively. Hence, it is important to establish what is important at a specific instance.

One way to look at your tasks is to identify:

  • Tasks that can be scheduled chronologically
  • The ones that can be scheduled simultaneously or
  • Tasks that can be executed at any time within the project timeline

Then create a schedule around those tasks.

Another way for optimized task management is to describe your tasks in detail.  Then evaluate them based on a set of assigned parameters.

How hard is the task?

It’s up to you to decide the difficulty level required for each task. But it is important you define them.

You could use tags such as:

  • Very Easy
  • Easy
  • Moderate
  • Difficult
  • Very Hard

You could use the level of skill or brainpower needed to define the above tags.

How urgent is the task?

An effective team leader knows not every task on their to-do list needs to be done right away.

You could use tags such as:

  • Right Now
  • Today
  • Tomorrow
  • In a week

Try to be honest and realistic in your estimations. If you plan to do everything now, you will never get anything done.

How significant is the task?

You could think of it as to how much of an impact a task has on your team. Or even your project or customers.

You could use tags such as:

  • Insignificant
  • Minor
  • Major
  • Critical
  • Highly Critical etc.

How much of an impact a task can have is subjective. It depends on the task, the project and your team members.

3. Create A Schedule

schedule to optimize task management

When you created an outline of your project you created an overall schedule for the project. Now that you have all individual tasks listed, categorized and prioritized… You have to create schedules for those tasks as well.

Because you have to meet the overall schedule and time frame you have set for that project. This is a critical part of an optimized task management process. You have to set realistic time frames against each task.

Define milestones and deadlines based on the priorities you have assigned previously to each task. Remember that you need to make sure every timeframe you set is actually achievable.

Scheduling tasks is a great task management skill for a leader. It keeps the team focused on work on hand, so they don’t fall off the track worrying about other tasks. As a leader, you have to avoid any undue stress on your team. 

Now while keeping a strict schedule is key, you have to be ready for the unexpected.

You see…When you create and plan a schedule you have to take all possible outcomes into consideration. As a best practice, you have to analyze all the possibilities. And be prepared to overcome any obstacle that may come in your plan.

But some instances and situations require revisiting already made decisions. Hence, being flexible is a top task management skill for a leader.

What if:

  • Someone makes a mistake?
  • Your team member falls sick?
  • An unavoidable situation arises?
  • There is a sudden change in the market?
  • The customer’s priority changes?

No matter how much you plan, there will be things that will be out of your control. So your schedule has to be flexible with deadlines when it needs to be.

4. Delegate And Assign Tasks

delegate tasks

This will go hand in hand with the creation of the schedule for your tasks. The integrity of your schedule depends on your team. And as a leader, you have to identify the people who will work on the tasks that have been laid out.

Delegating empowers your team, builds trust, and assists with professional development. 

Before you start to delegate, consider:

  • The knowledge and skills of the person with regard to the task being assigned?
  • Do they have experience handling such tasks?
  • Do they require any training?
  • If so, can you spare the time and resources for the training?

Remember, if you add a new person to your team who doesn’t have enough experience, be patient. An effective leader will let new members learn and grow with time. All you have to do is assign them tasks according to their experience.

Even then, they may take a bit longer to do certain tasks. But if he/she is the right person for the job, they will quickly become competent and reliable. Eventually, you can start giving them more responsibility.

Here are a few other things you should look at before delegating tasks:

  • What is their preferred work style?
  • Can they handle it alone or need more support?
  • What are their long-term goals and interests?
  • Does their goal align with the task?
  • What is their current workload?
  • Do they have time to take on more work?
  • Would you have to reshuffle other responsibilities and workloads?

Once you have identified the right people for the tasks, clearly explain the desired outcome to them. Tell them why you are delegating the task to them. Never look for perfection or micromanage. But ensure that they know the lines of authority, responsibility, and accountability.

5. Establish Effective Communication And Coordination

effective communication

 29% of people say that poor communication is reported to be in the top five causes of a project’s failure. And they are not wrong. In out experience, miscommunication can lead to disasters.

You see…Each member works on their individual tasks. And that combines to create the completed picture i.e. a successful project. By implementing a clear communication strategy, the whole project comes together seamlessly at the end. Hence, we ensure our project leaders have proper channels for communication with each of their team members.

Any sort of team collaboration software plays a vital role in ensuring smooth communication between everyone involved. When you are done delegating tasks, make sure your people feel that they can:

  • Ask questions
  • Ask you for feedback

Your team should feel they’re able to make decisions. At the same time, you have to be consistent with follow-ups. You should not be blaming the team members when something goes wrong. That is not the sign of a good leader.

You have to be involved with the projects. You have to be present and reachable if the team needs you. If deadlines are approaching and workload increases, it is time for you as a leader to step up.

You have to ensure that all steps are followed by everyone in the team. Your inability to do that can lead to major setbacks, in the long and short run. Now, we-re not saying that you have to do it yourself.

It is the job of the team leader who is heading that project. Again, it all depends on the size of your business, team, and no of projects, etc.

6. Track, Analyze And Improve

Analyze and improve

Effective communication continues to be important when the tasks are completed as well. Measuring each person’s work and results is an important part of an effective task management strategy.

This is the time to assess performance, build motivation, and commitment. And streamline the entire process for further improvement.

It is a continuous loop. When a team member completes a task:

  • Check and evaluate their work
  • Make sure they correct their mistakes if any
  • Give them feedback so that they can improve
  • Show genuine appreciation for a job done well

You could ask your team members how they measure their performance. When your team can provide input, it gives them ownership of the process. After all, they have the best knowledge about:

  • How they did it?
  • What decisions did they take?
  • And what success of a task looks like to them?
  • What they could have done better?

If you have hired the right people for the job, you will see in them a strong desire for improvement. Make sure there’s a plan for them to become better and more efficient in their tasks. If they require training, provide it. Arrange for a course or a seminar. Discuss how their success will impact financial rewards, future opportunities, etc.

Provide recognition where deserved. This ensures your organization is running at its most productive. Some tasks will have quantifiable targets to hit. And the effectiveness of your team is based on performance against these goals. On the other hand, some can be more subjective to evaluate.

It’s up to you how you want to evaluate performance. Whatever you decide it is important that you have this step in your task management structure. The key thing is to act on this information so the performance of your business improves overall.

The Art of War: How Business Strategy Resembles Military Strategy?

Have you ever wondered how business strategy resembles military strategy? You may have heard that there a lot of parallels between business and war, right?

In fact, there are several books that have illustrated that parallel. However, amidst all, the Art of War remains a prime template for business owners to borrow powerful business lessons from.

The Art of War was written by Sun Tzu, a Chinese general, over 2500 years ago. It is believed to be one of the best books ever written on war strategies. In today’s times, it’s considered a must-read for business owners.

You see, Sun Tzu wrote this book to illustrate in detail how wars should be fought. He wanted to bring forth the elite war strategies that brought him victory. In fact, you can think of The Art of War as the world’s first self-help book.

Over the years, people have come to see similarities between war and business. In essence, between Sun Tzu’s military advice and contemporary business practice.

Sun Tzu divided his book into 13 chapters. Basically, elaborating on 13 unique concepts and tactics that are integral to a winning military strategy. If you wish to refer, here is a visual representation of this book.

Now, we have read and re-read this book several times. Every time we read it, there’s a new business lesson to learn from it.

Today, we want to share some of the best business lessons we have learned from The Art Of War. But first, we have to adapt his words to current times, to understand how business strategy resembles military strategy.

 

How Business Strategy Resembles Military Strategy: The Context

First and foremost, we suggest not taking Sun Tzu’s words too literally. Instead, we have to take his advice to generate relevant thoughts that apply to today’s world.

To do this effectively, you will have to think of business as a modern form of war. We can equate war and business, as a group of people pursuing a common goal in the face of competition.

As a business owner, you war with your competitors, right? You fight for market share and ultimately, domination in your industry.

Your competitor is like your enemy and you strive to dominate them on the battlefield of commerce. In this parallel, your enemy is also the challenge you face in day to day business. Furthermore, as a business owner, you are the commander of your army or the leader of your business.

Over the years, we’ve read several books on business strategy. We consider Sun Tzu’s The Art of War as one of the greatest books ever written on business. Every chapter could be applied to closing deals and increasing sales.

The best part about his concepts is that they can be applied to life in general, too. This book is not just for lessons in business.

As we mentioned earlier, we have read this book many times and have implemented many learnings from this book. We want to help you, as an ambitious business owner, apply these to your business and even to your life.

Here we list out 7 powerful business lessons and life principles from The Art Of War.

 

How Does Business Strategy Resemble Military Strategy - Knowledge is Power

1. Knowledge Is Power

Know the enemy and know yourself, and you can fight a hundred battles with no danger of defeat. If ignorant both of your enemy and yourself, you are sure to be defeated in every battle.

This is one of the most important lessons we have learned from The Art Of War. Let’s look at how business strategy resembles military strategy, in this thought.

The above quotation by Sun Tzu highlights the importance of two things:

  • Self-knowledge
  • Knowledge of your competition

This means that an accurate self-perception is the golden key to success. Also, knowing who you are fighting against, goes hand in hand with it. Let’s look at each point in further detail.

Self-knowledge

Sun Tzu says that it’s important to accurately understand our real strengths and weaknesses. If we can do that, we will be able to become more effective in business. In essence, the more we know about the reasons for our preferences and actions, the better we will understand others.

You see, every decision you make reveals something about yourself. This process of self-analysis will help you identify your strengths and weaknesses.

You know that for success, you have to work on improving your weaknesses. But at the same time, you have to focus on your strengths by taking them to the next level. If you are at a certain level of skill, upgrading it is something to strive for.

Hence, it is important to keep the constant pursuit of self-improvement going. In fact, this pursuit is one of the most powerful habits of self-made millionaires. If you are someone who wants to build upon your success, you should always look to grow your skills.

Have you noticed the behavior of a child? They learn about the world by being curious about every little thing around them. But, as we grow older, this natural curiosity fades. We become rigid in our thinking. Keeping your childlike curiosity, alive, at all times, will go a long way in helping you succeed.

Here are two powerful ways for self-development:

  • Reading books: The focus should be on self-improvement books, biographies, and books about successful people. This will give you the opportunity to learn and expand your horizons.
  • Finding a mentor: Speaking from our own experience, if you can find the right person to guide you, your life will change. You see, almost all successful business owners have had mentors. In fact, 93% of them claim their mentors were responsible for their wealth.

Knowledge of Your Competition

When you know yourself but not the enemy, your chances of winning and losing are equal.

Sun Tzu says our chances of winning are reduced by half if we do not know our enemy. Let’s look at how business strategy resembles military strategy, in this case.

What this means is that in order to succeed, you have to know what your competition is doing. Also, you should be aware of your competitor’s strengths and weaknesses. Why is that important?

Well, so you can strategically apply that information to benefit your business. Now, the application of that knowledge could mean taking a step back. It could also mean moving forward.

You see, learning what your competitors are doing can give you valuable insights into your plans. If you can predict your opponent’s action, you have the possibility of generating a mismatch that works in your favor.

So, it is important to learn to spot loopholes and weaknesses in your business environment. This singular factor can be a big competitive advantage for you.

 

Build the right team

2. Build The Right Team

When the troops are united, the brave cannot advance alone, nor can the cowardly retreat.

If you want to succeed in business, you can’t operate alone. This is an important team-building lesson we learn from The Art Of War. Let’s look at how business strategy resembles military strategy, in this thought.

As a business owner, you have to lead by example. But it’s only the capabilities of your team and employees that can take your business to the next level, right?

So you have to focus on hiring the right people who are a fit for your business. These are the people who can align with your goals and purpose.

Also, it is important that your team is unified with a common purpose. This will help them commit their hearts to your business. It will energize them towards achieving the goals you have assigned.

This spirit of common purpose builds team consistency. A team will work better when people know and trust each other.

It takes time to build productive interaction and mutual trust in a team. So you must give the members the chance to spend some time together in team-building activities. Successful businesses are made up of people who have shared experiences working towards a common goal.

Sun Tzu further says:

When one treats people with benevolence, justice and righteousness, and repose confidence in them, the army will be united in mind and all will be happy to serve their leaders.

As a business owner, it’s your responsibility to keep your team happy and motivated so they keep giving their best. You see, we all know that as a business leader, you are required to have a sound mind. However, if you want to be a great one, you need to have a solid character, too.

 

how does business strategy resemble military strategy - Create a plan

3. Create A Solid Yet Flexible Plan

The commander who gets many scores during the calculations in the temple before the war will have more likelihood of winning.

Sun Tzu says a leader with a better plan, wins the war. So, let’s look at how business strategy resembles military strategy, in this thought.

We know planning is integral to success in business. But it is important to remember that no single plan works well for everyone and everywhere. Moreover, there are several factors that can influence the success or failure of a plan. 

So first, you have to create a solid plan of action. A plan that will get you started. However, in business, there will always be situations where you may have to change your plans. 

So you have to be ready and willing to adapt it according to changing needs. You have to consider all the alternatives available. Hence, your plan must be flexible and adaptable to circumstances.

Planning is a process of understanding what is happening in constantly changing situations and adapting with energy and determination. Click To Tweet

You see, your plan can either be like a tree or a pole. If you want it to bear fruit like a tree, it needs to have branches. But, if your plans are too rigid, you will not be able to adjust to circumstances and fail.

It doesn’t mean that your plan has to be complicated. A simple plan is easier to turn into action.

So, here’s what we suggest:

  • Set a clearly defined goal and give yourself a schedule to achieve it.
  • Start working towards your goal. Every plan needs to be followed by action.
  • Every step is a teacher. If you succeed, take it to the next level. If not, then be willing to adapt and learn.

 

Grow your network

4. Grow Your Network

Foreknowledge must be obtained from men who know the enemy situation.

Sun Tzu says that spies can help you win wars. So, let’s look at how business strategy resembles military strategy, in this thought.

You see, the foundation of your business growth is the size and strength of your network. We know networking requires an investment of time and energy. However, it gets you the results.

As a business owner, you have to choose your network wisely. On a closer level, you should surround yourself with people who are positive and add value to your life.

At the same time, you also need to build a network professionally. When you go to events, you should focus on developing relationships with people.

Moreover, you will never have a strong network unless you actively manage your contacts. Good networking involves both meeting new acquaintances and actively moving those relationships to a closer friendship.

If you’re an introvert, follow this blueprint to develop interpersonal skills, as it will be very useful to effectively network. You see, knowing the right people can literally take your business to the next level. Or help in knowing your competitor’s situation.

This is a very powerful lesson from Sun Tzu. To rightly understand how business strategy resembles military strategy in this case, you have to utilize networking to your benefit. So on your next business trip, we suggest you call and schedule a meet with some people in your network.

Remember to be personal in your approach to maximize the benefit of networking. Your contacts will be flattered by your interest. Whether or not you do meet, the offer breeds a stronger relationship.

You never know what you may get to learn about your competition. Furthermore, an amazing opportunity could come your way, too.

 

Build on your success

5. Build On Your Success

To win battles and capture lands and cities, but to fail to consolidate these achievements is ominous and may be described as a waste of time and resources.

Sun Tzu is talking about maximizing your victories in battle. So, let’s look at how business strategy resembles military strategy, in this thought.

Essentially, when you achieve some success in business, always strive to take it to the next level. You see, success breeds success. The key to any successful business is getting the first success and then leveraging additional success from each new victory.

Sometimes with success, people tend to stop doing the things that made them successful. When they stop putting in the effort, the competition will be ready to seize the opportunity.

Hence, when you are already in an advantageous position, you need to change your gears and go full throttle.

So, ask yourself:

  • What do you want to accomplish in the long term with your business?
  • How do you want to take your short term success to long term success?

Sun Tzu also says:

A skilled commander sets great store by using the situation to the best advantage.

As a business owner, you must train your eyes to see opportunities that others can’t see. You have to always be on the lookout. When you find a suitable opportunity, leverage your strengths and your network, to grab it.

 

how does business strategy resemble military strategy - Avoid the avoidable

6. Avoid The Avoidable

By taking into account the unfavorable factors, he may avoid possible disasters.

Sun Tzu talks about considering factors that can cause problems, before advancing in any situation, to avoid defeat. So, let’s look at how business strategy resembles military strategy, in this thought.

As a business owner, you have to anticipate problems before they arise and strive to avoid making mistakes. Yes, many mistakes are often visible only in hindsight. However, what you can do is strive to take measures for things you have control over.

Let’s say you have faced an obstacle in the past. Identify those obstacles for which specific measures can be taken.

As a business owner, you have control over:

  • The quality of your product
  • Your service
  • Your delivery time

Since you can control it, you can plan to avoid any errors, right? In fact, that should be an integral part of your overall business strategy.

Anything big or small, that is under your control should be planned meticulously to avoid any future errors. Even small decisions in business can affect the grand scheme of things. 

There will always be some mistakes because the human element is unpredictable. What you have to do is take as much advance action as you can, to avoid future errors.

 

Timing is everything

7. Timing Is Everything

When the strike of the hawk breaks the body of its prey, it is because of timing. The timing is similar to the release of the trigger.

Sun Tzu is talking about the importance of timing when pulling the trigger on an enemy, in battle. So, let’s look at how business strategy resembles military strategy, in this thought.

We know in business, timing is of great importance if you want to take full advantage of opportunities. As a simple rule, often the earlier the better, right?

Essentially, you make a decision and implement it. The longer it takes to take action, the more catching up will be required later.

However, sometimes, it is important to wait for the opportune moments to make full use of the chances. It could be beneficial to take a step back and slow down and learn from competitor’s mistakes. Remember, even if your competition seems to have every advantage, a well-timed attack can uncover weaknesses.

Let’s take a look at a relatively recent example here. The launch of the 1st Android smartphone was delayed because of the iPhone’s launch. Would Android have the same success, had they launched as per their original plan? Most likely, not.

They went back and polished their product by seeing their competition. They learned from the success of iOS on how a touch-based software is supposed to be.

You see, timing is crucial to everything you do in business. As a business owner, it is up to you to judge the right time for every step you take.

 

Forge Your 8-Figure Dynasty

We encourage all business owners to read The Art Of War. If you read it thoroughly and you will see how business strategy resembles military strategy, in every paragraph. You will be surprised to see it’s relevance in both business and in life, today.

However, these military lessons are just the initial steps you can take to take your business to the next level. For the extremely ambitious business owners, Dan Lok has created the world’s most exclusive business advisory board: Dragon 100™.

Dragon 100™ is designed for those who are committed to turning into 8-figure business owners. People who are committed to living life at a level few may ever attain. It is limited to an exclusive group of only 100 serious business owners worldwide.

Dragon 100™ provides an unprecedented opportunity to network with other elite entrepreneurs and learn from Dan Lok himself. For the first time ever, Dan will be taking you behind the scenes of his business.

In this program, he will share his hard-won business experience that has established his global empire. This experience is the most exclusive opportunity for select business owners to transform into the world’s elite.

Do you have what it takes to create a massive, worldwide empire of your own? If yes, then apply for Dragon 100™ and earn the chance to learn from The King of Closing, himself.

Would You Like To Forge Your 8-Figure Dynasty?