Business

10 Important Things to Have in Life for Financial Success

Published

1 month ago

March 21, 2024

LSF

In today’s modern life, it is very important to prepare various important things like financial success. With uncertain global economic conditions right now, there is no harm for you to start preparing your own future.

Money’s not everything but money is a very big influence on someone’s life. If you want to live comfortably then you have to be financially successful first.

The Key for Financial Success

Success can be interpreted in various ways one of most common is in terms of financial success. If you can be independent and are able to support yourself then you belong to this category.

Unfortunately, being financially successful is not easy. Apart from being smart, you have to own a few factors that make your career or business even more fluent. What are the keys to success? Here’s the list.

1. Health

Health is the main factor that you must have for financial success. You’ve certainly heard that health is something expensive, right? This is true because if you are sick then you not only have to pay for medical treatment but you also cannot work or earn an income.

It doesn’t matter if you are single, married, old or young, everyone needs good health. Maintaining health does not have to be done in an expensive way, but the results will definitely be very profitable.

2. Family

You may have had a fight with your family over some issue. Even so, family can be a support system for your life especially when it comes to financial success and emotions. Although it’s not good to be financially dependent on family, at least family can be a place to rest if you feel emotionally burnt out.

It is important to remember that family conditions are different for some people. If you feel your relationship with family starts to become unhealthy, reducing the frequency of meeting with them is always a good idea.

3. Friends and Business Networking

The more friends you have, the more relationships you have. More networks mean you can collect more information or opportunities for your career. Not only that, the opportunity to build a business is also greater if you have lots of acquaintances.

Friends can also be a place to get advice about business, financial success, etc. Even so, be careful in building relationships or friendships. Make sure you have boundaries and don’t mix personal matters with work or business.

4. Skills

To develop some skills is not an easy job because it requires a very long process. Life skills such as communication, negotiation, management, and appearing and speaking in public can give you benefits for your career and business.

In the highly competitive job right now, owning some skills will be a great help because it will open up new opportunities for financial success.

5. Discipline

There is no financial success without applying high discipline. Even though people usually underestimate it, discipline plays an important role in forming a person’s character and personality.

People who are used to being disciplined will have good time management. They will be more organized and will not like to delay work. This is a very important trait in the work field.

6. Education and Knowledge

Education plays a big part in achieving financial success. According to several studies, those who are more financially stable tend to have a good educational background. Even so, good education does not always mean you have to graduate from a well-known school but is more like the knowledge possessed.

“Formal education will make you a living; self-education will make you a fortune.“
Jim Rohn – Entrepreneur

People who are aware of the importance of education will always try to continue learning, especially learning new things like technology. Even though you have to learn from younger people because what is important is the knowledge you get.

If you want to focus on business, the ability to learn new things is a very important skill. This is because the world will always develop, so like it or not, your businesses have to innovate. Without innovation, the business you build will die and not develop.

7. Gratitude

Life does require money, but money is not everything. Therefore, you don’t have to always focus on seeking profit alone because this can make you a greedy person who doesn’t want to be grateful.

Being grateful doesn’t always mean big things, but small things must also be grateful for. One example is about financial success. You should be grateful for the big or small profits you get because you have worked hard to get them.

You will be more satisfied and more aware about the important role of the people around you if you are diligent in being grateful.

8. Dare to Take Risks

Please take a note that what is meant by being brave enough to take risks only applies if you already understand the risks and benefits. When making a decision, of course there are only 2 possibilities, which is success or failure.

Considering that both have their own consequences, before taking action it is highly recommended to seek more information or ask other people for advice in order to minimize high risks that will occur.

Never make a decision on something that you don’t understand, especially when it concerns finances and business.

9. Compassion

As previously explained, life is not always about finances or yourself. Helping other people or the environment through charity can give you a satisfaction that cannot be explained.

Helping other people does not have to be in the form of material things but you can give your knowledge, time, energy, information, and so on. One of the most popular is becoming a volunteer in various humanitarian organizations.

10. Passion

If a goal or desire is the beginning of starting something, then passion is what makes you persist. If you feel you already have passion in one field, then you just need to try hard in that field.

You need to remember that everyone has different passions so never underestimate other people. Instead of interfering with someone else’s business, it’s better for you to take care of your own passion, right?

These several important things above are assets that you must have to be successful in your career and financially. You need to remember that financial success is not only about material things but also about personal quality. So, don’t just focus on other people, focus on yourself. OK?

Business

6 Affordable Co Working Space around the Globe

Affordable co working space are becoming popular these days. This place can help people to boost their focus, creativity, and relax.

Published

6 days ago

April 20, 2024

BEC

Affordable co working space are becoming more and more popular, especially for millennials and gen Z. Are you one of them?

Well, co-working space is a great way to meet new people, get inspired and motivated, and do some good work with deep focus. Aside from the fact that they are located in some of the world’s most stunning cities (like London or Paris), there is also something else! Yes, each one has a unique design that reflects its surroundings.

From creative to dedication of innovation, these co-working spaces have it all! So, keep reading our top beautiful and comfortable co-working spaces around the globe!

Affordable Co Working Space around the Globe You Should Make a Plan to Visit

As we can throwback, the europea of co-working has become popular after we had been through the pandemic COVID-19. Back that time, almost all offices around the world decided to work online from home to reduce the outbreaks of the viruses.

Fortunately, we have fought against the Coronavirus, however, that new policy to work from home or “remote” is still efficient these days. Therefore, many workers like to spend their time in co-working spaces to finish their work or have meetings with a team.

So, these are some affordable co working space around the world that you should make a plan to visit one of them one day.

1. Soho Works, London

Soho Works is part of the Soho House and Co. This way beyond the scope of an affordable co working space in London. This coworking space majorly provides to the entrepreneurs, business, and startups, which are working in the creative industry.

They offer all-round services to the numbers, which include 24/7 access, professional help, events, tech support, food, beverages, and more. Our opinion, this workplace in East London is popular for its culture and encouraging ecosystem.

Address:

Unit 4.01, The Tea Building, 56 Shoreditch High Street, E1 6JJ London, United Kingdom

Opening Hours:

7am to 10pm (Monday to Friday)

11am to 6pm (Saturday and Sunday)

Contact:

(Phone) +44 (0) 20 3841 7600

Website: Soho House

Pricing:

(Membership) There are several plans to choose from at Soho House. You can either for a hot desk in the usual sitting area or book a shared permanent desk which also has a locker within your desk. There is a study plan where you can get a whole room for up to 10 people.

2. The Yard, NYC

Another affordable co working space is The Yard. This modern and professional workspace is ideal for anyone seeking a more comfortable coworking environment. This place focuses on creating a quiet, focused work environment. So it is ideal for mature startups and experts.

Some of the unique facilities provided by The Yard are ergonomic chairs, gallery spaces, and regular networking events. For us, the Pricing at this affordable co working space is competitive, scaling up based on the workspace size and needs.

Address:

The Yard HQ 157 13th Street Brooklyn, NY 11215

Opening Hours:

09.30 am to 05.30 pm (Monday to Friday)

Contact:

(Email) hello@theyard.com

Website: The Yard

Pricing:

Starts at $30 per day

3. Workcentral, Singapore

Here, in Workcentral affordable co working space, you can get a deep focus with minimalist nuance surroundings. This workspace, which is home to a distinctive mix of people and businesses, is conveniently situated in the Dhoby Ghaut area.

Moreover, this affordable co-working space has differentiated work zones and main designed suites to provide a variety of day-to-day working needs (focused work, networking, relaxing or even hosting meetings). We see they also provide the basic services a business needs and take pride in delivering them with excellence.

Address:

190 Clemenceau Ave, #06-01 Singapore Shopping Centre

Opening Hours:

09.00 am to 05.00 pm (Monday to Friday)

Contact:

(phone) +65 6708 8200

Website: Workcentral

Pricing:

Starts at $500 per month

4. La Permanence, Paris

Bonjour et bienvenue à Paris!

The best option from La Permanence is ideal when time is of the essence and cost-effective efficiency is all that’s required as your perfect affordable co working space. This place is perfect for students or those on a budget.

We bet this working space will make you feel like in the university lab or for the freelance crowd with bright and clean style surroundings.

Address:

2-4 rue du Fer à Moulin, 75005 Paris

Opening Hours:

09.00 am to 05.00 pm (Monday to Friday)

Contact:

(email) contact@la-permanence.com

Website: La Permanence

Pricing:

Starts at $90 per month

5. Groworking, Rome

Well, it is no secret that Rome is not short of great affordable co working space by any means. But, among all of them, Groworking obviously stands out thanks to the fact that they have managed to create a perfect environment for entrepreneurs and creative workers.

Developing a sense of community and fostering social ties is highly valued. No wonder if they also host regular events to foster new life-changing connections and help their members take their ideas and business to the next level.

Address:

Via della Fonte Meravigliosa, 44, 00143, Italia

Opening Hours:

09.00 am to 07.00 pm (Monday to Friday)

Contact:

(email) info@groworking.it

Website: Groworking

Pricing:

Starts at $22 per day

6. Work Inc, Sydney

Work Inc is another affordable co working space in North Sydney. This working space pursues to be more than the common office, and provides its members the chance to create and grow a community of like-minded professionals.

Work Inc offers a growing pool of talented Web Developers, Web Designers, and Graphic Designers. Facilities of this place include unlimited internet, bike racks, printing facilities, meeting rooms, and a fully-stocked kitchen.

Address:

6 Middlemiss St.Lavender Bay, NSW 2060

Opening Hours:

07.30 am to 05.00 pm (Monday to Friday)

Contact:

(email) info@workinc.com.au

Website: Work Inc

Pricing:

Starts at $150 per week

So, which is the best affordable co working space that interests you the most for the next plan? You don’t need to be worried for the price, as all of them are wallet-friendly. Most importantly, those working spaces will help boost your focus, creativity, and will make you relax!

Business

6 How to Make a Business Presentation More Relatable

Published

6 days ago

April 20, 2024

BEC

Looking for some ways on how to make a business presentation more relatable? Whether you are going to speaking to an audience of business leaders, dealing with a client or leading a staff meeting, you will face the same problem, how to deliver complex ideas, so they will stick in your listener’s minds and encourage them to take expected actions.

You need to be both memorable and convincing presenter. In this article, we will discuss how to make a business presentation that relatable to your audiences.

How to Make a Business Presentation More Relatable

Business Presentation

You have probably known that people in an audience will remember only 10 – 20% of what they hear. You can add slides to your talk and retention jumps to about 30%. However, you don’t need to settle for 20% or 30% retention rates.

There is no limit to your ability to hold people’s attention, if you can engage their minds and inspire them with images and ideas that make them buzz afterwards. So, here are some ways on how to make a business presentation more relatable.

1. Understand Your Audience to Connect

To make a successful business presentation, you must first understand your audience. You might wonder what will inspire them. What hurts them the most? What ideals, ambitions, and objectives will they have? You can make your presentation more relatable to your audience once you have a thorough understanding of them.

2. To Get Your Audience Interested, Tell a Story

Telling a story is one of the most effective ways to engage your audience. Stories have the ability to inspire strong feelings in us and enable us to connect with the experiences of others.

By sharing a personal story from yourself or another person, you are allowing your audience to take a look inside your lives and extending an invitation for them to travel with you. Additionally, your audience is most attentive when you are telling stories.

3. Include Metaphors and Images

Sometimes, your audience may require a little help in comprehending the abstract ideas or complicated aspects of how to deliver a business presentation. Similes, metaphors, and analogies are useful tools for bringing these to life. They can help you to make complex ideas more relatable and make your point more visual.

4. Be Authentic

Audiences can recognize when you are faking it. They are far less to connect with you when they find you are not being genuine. Therefore, to connect with your audience speak from the heart, you need to be passionate. Let your own personal conviction and experience carry your presentation.

You will be successful on how to make a business presentation, and people will be much more likely to keep their mind of what you say.

“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” – Colin Powell

5. Use Humor

If you success make your audience smile or laugh, you will make an instant emotional connection. It will help break down the barriers and make your point more memorable. Don’t try telling a flat of jokes, professional comedians are processionals for a reason.

6. Give Rhetorical Questions to Engage Your Audience

Of course, rhetorical questions on how to make a business presentation will make curiosity and encourage active participation from the audience. It engages them more in your presentation. This technique is useful to captivate your audience’s attention and enhance their overall experience during your presentation.

Well, those are some tips on how to make a business presentation that you can follow. In the business, our goal is must be reaching the audience’s attention, and attract them to take a positive action for your business. So, make sure you give them best and relatable presentation.

Business

What I Learned in My First Month of Running a Startup Accelerator

One of the things I focused on is trying to make the program a lot more structured than YCombinator and modeled it around a finishing school that I always wanted.

Published

1 week ago

April 18, 2024

BEC

Photo: dr-hempel-network.com

I have been the CEO of the Microsoft Accelerator for the past month. There are 11 companies as part of the batch and it has been an exciting ride. One of the things I focused on is trying to make the program a lot more structured than YCombinator and modeled it around a finishing school that I always wanted. Here are the top things I learned.

1. Don’t Try to Change an Entrepreneur’s Idea

They have to come up with something they like themselves. This seems fairly trivial. There are many incubators and seed funds that believe if you dont have an idea, but are great entrepreneur material, they will “give you ideas”.

That rarely works. Entrepreneurs have ownership and pride only for things they believe “they came up with on their own”. Anything borrowed (even if its a clone or knock-off idea from a US startup) is theirs. They will put more wood behind their idea than anything you ever propose.

2. Indian Entrepreneurs Have Varied Expectations from Accelerators

One entrepreneur wanted “execution” help in actually doing the design (preferably a full time designer and user experience person for a few weeks to do it) and another wanted better quality food at the cafeteria.

Some think the biggest value proposition of an accelerator is the “quality of the space” (i.e the physical location), while another thought the value was the other startups who would egg them to get better.

3. “Grass is Greener“

Regardless of what you offer, there’s always someone offering more or better, which I think is the “grass is greener on the other side syndrome”. If I had a penny for every time someone said “I have heard YCombinator founders get XYZ” or “500 startups gives more ABC”, I’d have enough money to fund all the startups for a year.

4. Indian Companies Need a Lot More User Experience and Design Help than Any US Company

I have invested in over 20+ companies in the US and about 11 here in India. Its extremely hard to find good user experience talent in India. This is a different person from someone that just does Photoshop and illustration. We interviewed 23 “highly recommended” designers and user experience professionals in India. Most were average and were still charging rates from $20 / hour to $100 / hour. No negotiation.

Also read: 7 The Best Business Ideas to Make Money for Long-Term

5. The Go-to-Market Challenge is Largely Under-Appreciated in India among Founders

Many need more help here than any other area, but tend to relegate the problem to “lets hire someone to do that”. Unless one founder is deeply involved in the customer development process, we largely build technology for the sake of it.