Author: veumagazine

future of entrepreneurship

The Future Of Entrepreneurship And 21st Century

For many years, being an entrepreneur has been a goal of many potential business owners. The lifestyle, flexibility of your working hours. An ability to set yourself running for your life is a call that many find hard to ignore, taking on a leap and setting out over their business ventures. What puts a huge fraction of entrepreneurs off is the inability to drive on what business they are the best to venture into in the very first place.

We will go through a thorough look into the future of entrepreneurship. We will also see what changes we are expecting in the coming years:

A rise of social enterprise:

In the past years, there has been a huge increase in the social awareness of consumers. A desire to contribute to businesses that use a percentage of the profits they raise to help deserving causes. This new change of habits has paved its way into a new kind of business venture. These businesses are also known as social enterprises and are driven by the purposes instead of by profit to improve others’ lives. They are most certainly being more and more common in the present vast business landscape. 

The main mission behind social enterprises is to create funds that can contribute to helping groups of people that aren’t fortunate enough. It is increasingly important to different demographics when picking which kinds of businesses they have to spend the money with. 

The importance of digital trends:

Any aspiring entrepreneur must keep a very close eye on changing the current trends appearing in their potential consumer base. These trends may then improve the market. It can make businesses to the target demographic, leading to a significant increase in sales and an overall brand’s growth. 

By looking closely at your target demographic use of social media, mobile applications, or search engines, you may effectively place ads where they will be highly effective in securing sales for your business. You must be highly specific when you are monitoring the trends for the benefit of your own business.

It is almost impossible to effectively scale a brand without a high knowledge of the way your users use the internet. This is mainly a prominent part of everybody’s daily life these days. 

The growth of platforms:

There has been a huge increase in businesses that operate using a platform model in the past few years. A platform is the business model in which a company relies. The model for constructing a huge and prominent user base to grow, acquire prominence, and maintain long-term success. One must adopt such a good and reliable platform for betterment of the future of entrepreneurship.

One of the examples of a successful platform business is the giant eBay that started in 1995 after the pioneer Pierre Omidyar decided to sell his broken laser printer online for $1.

It made $14.83/ in the 25 years after that, Omidyar has overgrown his website to a globally recognized brand having a net worth of more than $13 billion and 25 million users monthly. 

What does the future of business look like?

Every year, many people decide to take the leap of faith and launch their business. This is a fact that comes with positives and negatives to consider. It goes to show that being an entrepreneur is a more accessible career path than in the past. But it is also becoming greatly hard to achieve widespread recognition and success in highly saturated markets. 

In the 21st century the future of entrepreneurship will be highly driven by the skill and services to be delivered. The business 21st century is giving off the most positive vibes to people that aim for the best.

become successful kidpreneur

5 Steps to Helping Your Child Become a Successful Kidpreneur

We all want our kids to grow up into highly successful beings that know every inch of their life of how to turn them into success. Teaching your kids how to become successful kidpreneur is highly important to make them achieve the lifestyle they dream of and feed their family the best way possible.

become successful kidpreneur 1

1. Teach your kids about setting their goals:

Without setting defined goals, your kid will have very little focus on future events, and it may benefit them. Hence, you need to help them jot down their goals, their pros and cons, and what they need to get there instead of just wishing.

Even a very simple everyday goal can be beneficial as they will put the entire focus of their mind to it and find the top way to reach it. It would help if you tried acting as a guide and not giving them their answers right away. Instead, ask them what work they can do and what skills they have to become an entrepreneur

2. Have cognitive skills:

You have to teach your kids about finding their way out of the problems they have and how they should rely on others’ help. Their cognitive skills have to grow if you want them to e successful one day. And for your kids in school, these cognitive skills will help them with demanding tasks too.

Having the ability to think on a higher level, your kid will see problems and approach them from different angles and make them a lot more successful when solving. 

3. Show them the business world:

Your kid must see and understand what a business does and not only dream of being a great mogul one day. You can introduce them to some elements of business that are easy to absorb at your kid’s age and see if they have the necessities to reach there. A business plan is an important document that every business must have. Your kid must see one to understand the reality of how difficult it is. 

4. Work on your child’s social skills:

Nobody can be a great entrepreneur if they cannot sweet-talk and attract clients and partners. Help your kids in finding their potential in presenting themselves and also selling their ideas. Even in school, kids have to say what they feel and be on their feet if they wish to succeed.

Kids may be shy and may have a hard time finally coming out of their hiding. But if you assist them in dining their real strengths, they may become great at expressing ideas. 

5. Tell them about money:

Make sure you explain to your kids that no matter what they wish to do in their life. They will have to have strong financial support. And to get there, they have to understand how finances work. Mix and match into your kid’s daily plays and help them understand finances better. 

This is how to Become a Successful Kidpreneur for your kids at this age and also be a successful entrepreneur when they grow up. These Steps to Helping Your Child be a big businessman one day will prove a huge asset.

what makes entrepreneurs successful

What Makes Entrepreneurs Successful?

Any startup owner or an entrepreneur will tell you that success won’t come with dreaming only; it needs work. Though reaming is also an essential ingredient, you have to focus equally on the remaining part. Entrepreneurship might mean many things, but in the end, it is all about paving through your path.

what makes entrepreneurs successful 01

We are going to find out what makes entrepreneurs successful through the following list of traits and actions they take in their careers:

1. Take risks and don’t waste all of your time in avoiding failure:

We all heat failures, but they had a fear of them is what causes downfall. You must never be afraid of failing at anything, as when you fear failure, you fear change and taking risks as well.

Your constant fear of not succeeding at something will keep you from trying out your luck in different aspects of your entrepreneurial journey. You might also lose some big opportunities. 

2. Be persistent and create your fortune:

One important tool that you use to achieve success is your persistence. If you keep on striking at the same point with consistency, you can break mountains and rocks into half. The same is how it goes with your entrepreneurial journey. You can always start at any time of your career, but persistence will help you reach the goals that you wished for a few years ago.

You can change your fate and fortune and build the life you desire by always being confident and persistent on your goals in life. All you have to do is believe in yourself and look at the bigger picture whenever you fail and step back for a while. 

3. Find people you would serve:

If you have started your entrepreneurial journey, you should have a group of people you would be serving using your idea. Your idea must solve a problem, end up crisis, or at least change people’s lives in one way or the other. Having a market that you will be serving through your services and products will be the only thing that will keep you driving even when you don’t feel like it. 

4. Never stop learning:

It would help if you did not let your learning process stop and must always feel the right to keep increasing your knowledge about the area you are serving. People that stop learning in life are also the ones that stop improving and growing in the paths of their lives. And when you learn, don’t also forget to give it ahead too.

Let people have you like the most knowledgeable and rewarding person to be with, as only this is how you will help others without taking anything back. 

These are the main ways of what makes entrepreneurs successful. Keep in mind that these people who find success don’t believe in getting themselves everything they want; instead, they keep helping others. They believe in spreading positivity and kindness, and that’s how they become ideals for all they meet.

Tips To Manage Your Time Effectively

Top 5 Tips To Manage Your Time Effectively

Even you ask the freest person of this world about time, he would say he has less of it. Time is the most precious asset we have at present, as once a bit of it is gone, and it won’t be coming back. Even the seconds that are going by right now aren’t going to be available ever again.

Tips To Manage Your Time Effectively 01

So, you need to start thinking smartly and use every minute of your whole day wisely. It is hard always to stay focused and manage time effectively, and this is why we offer you the top 5 tips to manage your time effectively. 

1. Set reminders for everything you have to do in a day:

The initial key to working smarter and not harder in time management is knowing all of your deadlines and setting all reminders. It would be best if you set reminders around fifteen minutes before the set deadline. This way, you will get enough time to prepare for the meeting or the task that is up next. 

2. Create an everyday planner:

Make a whole list of all of the tasks that you need to acquire that day and not all of the upcoming meetings and deadlines as you get to know them. While you complete the list, make sure you tick off all of the tasks you have completed. This way, you will stay aware of everything you have done and everything that is left pending. 

3. Give every task a time limit:

Over your daily list of tasks to do, write down how much time you think each of the tasks will take. If you don’t finish, stop when the time you fixed ends, and come back to it once its new cycle comes.

Sometimes moving over to different roles and responsibilities and then coming back to the leftover gives your mind a whole fresh start and a new perspective. 

4. Have a set routine:

While you are at work, you have to create a routine that makes the most sense of your position. Why is this essential? For starters, if a chaotic day comes in, you will still work through any issue while sticking to your routine.

By sticking to the routine, you are in, you won’t be able to delay things or procrastinate in any way possible. And most importantly, your mental stability will be maintained, and stress levels will reduce. 

These are some tips to manage your time effectively that will be your way to work smarter and not harder. Many people want to work, but their time management isn’t good enough to achieve the goals they want to reach. If you wish to find success in life, you should change yourself and prepare for it.

No big success comes without any effort put into it. Work hard and pay your best efforts into making your dreams a reality, and you will see all of your tiring days and sleepless nights paying you back.

golden rules of goal setting

5 Ultimate Golden Rules of Goal Setting

We all want to be among those successful teams of people that always acquire their goals. But do we all make it? Well, let’s leave this question up to you and get started with those 5 golden rules of goal setting that you should always follow:

golden rules of goal setting 01

1. Always choose motivating goals:

When you are in the phase of goal setting, you shouldn’t make one that doesn’t even motivate you. It would help if you didn’t make something boring a result of your hustle as that will not drive you to keep working hard on your bad workdays. When your hustle’s outcome is not exciting to you, you won’t be putting 101% of your efforts towards your goal.

Hence it would help if you started with goals that are of most importance to you. It is easy to get overwhelmed by everything which needs to be done; hence you must start simple. We live in the snack-sized world where we can digest information in smaller bites and shut down when we receive a bulk. Hence break down your extreme goal into smaller, more motivating goals that collectively help you reach your final goal. 

2. Set SMART goals:

Duh, don’t we all set smarter goals? But this is SMART is the following:

  • Specific 
  • Measurable 
  • Attainable 
  • Relevant 
  • Time-bound

Specific goals will help you put all your focus into one thing and work daily towards your goal. You won’t be distracting your energy and resources into things you don’t look up to. Measurable goals will give you a determination to keep going and allow you to see how far you are from your goal.

Having attainable goals is one way of putting your hustle in the right way. it would help if you weren’t driving off to paths that lead to impossible and non-attainable goals as that will be very unproductive.

Always align your goals with a direction that you want in your career and life. Balancing the alignment in the long and short term will give you the focus that you need. And lastly, time-bound goals will be achieved in a faster way as compared to the ones that you have given yourself an indefinite time limit of. 

3. Write your goals down:

You can not achieve something if it is only in your brain where you can’t even see it in your actual physical world. To believe in something and to work for it, you should be able to see it through your eyes. Hence write down your goals. Make different To-Do lists of different time frames ie for a day, a week, a month, and years.

But setting a to-do list and writing your goals down will be a big acknowledgment you will make towards your dreams. This will help you in believing it till you make it a mantra. Use strong, affirmative, and strong words that enthrall you to achieve anything you set your mind to. 

4. Put a plan to action:

It is very easy to get focused on an outcome that you would forget the actual steps that you have to take to achieve the result. You may be running from A to Z but simply ignoring anything that comes in between. This will be harmful to your goal achievement; hence, always focus on the steps you will take to reach anywhere you want. 

5. Work the plan:

Having any plan in place when you set your goals will make you official. Working on this plan will make you successful. If you are taking the time to draw a good plan, then why not put it to action?

It is tempting always to keep changing your mindset or draw new plans when things are going awry, but variables are not an excuse for not sticking to the plan. Just keep trusting your instincts.

These are the golden rules of goal setting that you should always stick to if you wish to be successful one day. An entrepreneur’s goals need direction and determination to one day be a reality that everyone can see.

Business Presentation - Benefits of Business Coaching

5 Benefits of Business Coaching for Entrepreneurs

Often, when you see startup owners heading towards carrying out all of their business duties. You would find them in states of being directionless. This happens to many as direction and coaching are something we all need. No matter how much experience you have, still cannot learn from someone. This is why the benefits of business coaching can not ignore that are listed as follows:

data-analysis-benefits-of-business-coaching

1. Building Confidence:

Starting something new mostly with all of your hopes and resources at stake makes you feel less confident. You happen to feel scared of what the outcomes may be, which may lead to you not taking the next step. But business is often all about being daring and taking risks straight ahead. So how can you become daring in such as situation?

Take a small business coach and ask him to train you with the ins and outs of a business, and you will see yourself growing, both in person and in business. All of this journey will help you be confident.

2. Allow you to deal with your Team Better:

All of us need a team, a group of talented people that will steer us all together towards a goal that we have given to them. But what if you are not even mentally capable enough to work with a team? And in businesses, mostly, you don’t have an option to keep working without a team over the long run.

To solve this situation, you can get a business coach who will train you to work with difficult people and how to get work from everyone in the team. 

3. Allow you to see your Positive Points Clearly:

It is often said that when you are too close to something, you develop a blind spot to it. You fail to spot it up close. The same is with your successful points in life. When you are too close to achieving your next big success. You may end up getting too far from it because you took the wrong steps that led you out of the race.

At such a point as well an entrepreneur coach may offer you a hand for help. You will find strategies and solutions from your coach that you in your position couldn’t think of.

4. Prioritize Risk:

If you feel like you are always too stressed out, then it is high time you get help. And help in this position is in the form of a coach that will lead you through the situation. Coaches are great at helping people figure issues out and decide what challenges are worth stressing over and what are merely fuss created in your head. 

5. Ask the Right Questions:

One of the benefits of business coaching is that a coach will help you ask questions that challenge you to think differently and critically about your business. When you have a coach from a different industry, they will bring up a new perspective and ask a higher level of questions. This will broaden your viewpoint, and you will see possibilities from a different angle. 

These are some of the benefits that business coaching may offer you. You must not let opportunities slide past you only because you didn’t have the right kind of coaching and teaching to grasp them when they approach you.

Broaden Your Vision

Why It’s Important to Broaden Your Vision Rather Than Limit It

When considering what it takes to be successful, many experts will suggest that you spot one main area of focus and narrow on it as tightly as possible. But this strategy can be less inspiring and may bring more struggle than success. It is perfectly acceptable to hold on to a looser grip, be a bit more expansive in my view, and let myself explore a topic from many angles. Vision boarding is important, and here is why:

Broaden Your Vision 02

Go wide or go home!

The first benefit to the wider view is that by not letting it narrow down on the tighter focus, our experience may be more enjoyable. You might narrowly feel a construction, but by loosening this grip, you can become a lot more like the kid we all were in our childhood: full of fun, curious, and in love with life.

To not be constrained is to look for freedom, and in that, we can retain the best of what it means to be alive and in pursuit of those things which are the most important for us. 

So why It’s Important to Broaden Your Vision? You may feel that you have been going farther in your work a lot faster than you ever did. When you think of driving a car in a very tight street, you may see how intense attention may sap all of your energy and that the tendency of overcorrection may mark your strength to drive. 

Instead of simply driving with speed and ease, you may be limited to focusing on the path you have and not hitting on the side walls. Get out over the open road, but you would again get able to drive freely to your destinations. 

Widening your overall view:

Instead of blindly believing that the highly focused strategy is the only way to success, try loosening the reigns and then go a bit wider than narrower. This is the backward advice to many you have heard, and there are just a lot of productivity and brand specialists that will count on this argument. 

The point is to not only be too specific. You may always go a bit wider in your main field. Things will remain related in some way; let it all find its very own inherent balance. As you do this, you will find greater ease and enjoyment in a higher level of success. Undoubtedly your growth will grow in ways the very hyper-focused strategy will never have allowed. 

You have to broaden your vision so that you can attract bigger possibilities in life. You have to see life as a place where anything can happen and fit all that ‘anything’ you desire from your life into your vision. 

The benefits of broad vision include attracting bigger realities into your life and living exactly as you wish. It is highly important to broaden your vision of being a leader, company, or startup company/owner. Your vision is the limit that you will reach and make your company reach too. 

Broaden Your Vision 01

This is all about why it’s important to broaden your vision, and you may get many more than otherwise, you could have taken from a smaller vision. 

For more: Leadership

tips to improve your financial health

5 Tips to Improve your Financial Health

Do you wonder how tips to improve your financial health are working for others but not for you? Are you unable to save how hard you try? It is because you don’t track your spending habits and follow tips carefully. We all face such situations because we have responsibilities to pay fees, bills and spend on other necessities.

Being financially stable means different goals for different people. Some people feel financially stable if they can pay a monthly fee, while others feel stable if they have a huge sum of money in their account. Well, whatever your definition is, you should try to improve finances. 

This article will provide you with some useful ways to improve finances.

5 Ways To Improve Your Finances

Whether you earn a small or handsome amount, savings are essential to meet needs in hard times. That is why you should always strive to save and improve finances. Here are some important ways that will help you in improving your finances. 

1. Make a Budget

The budget should be the first thing you plan at the beginning of the month. Having a clear view of your income and spending habits will improve your financial health.

Setting up a budget plan will help to spend periodically. You can set an amount you have planned to utilize in 5 days to complete the month. A thoughtful spending plan will not let you on your uppers.

2. Take Advantage form Technology

In this digital era, technology can be a great helping hand and guide to improving your finances. There are different ways you can take advantage of technological innovations. You can find any good investment plan to make your dreams come true.

Moreover, you can utilize a tracker app that will help you check on your spending. Except that there is an app introduced which is connected to the banks. If you find it difficult to save money, this app will automatically transfer a little sum of money to your savings account.

3. Cut Unnecessary Spending

Everyone has hobbies, and it is alright to spend time on them. On the other hand, it is essential to save money as well. Suppose you cannot save the amount you want to transfer to the savings account you need to cut such spending.

Moreover, you can also save money by cutting down utility costs, for example, turning the lights off in the daytime, etc. 

4. Set Financial Goals

Setting a goal always keeps you on track. It is one of the well-known and effective ways to improve finances. Whether you plan to improve your financial health or save money, you need to set a financial goal. For example, if you want to buy a car, make sure that you have transferred it to your account at any cost.

5. Track Your Finances

Be your financial advisor and keep track of your spending. After setting a budget, making a record of purchases will ensure that you are spending in range. Moreover, you will always stay update whether you are following your budget plan or not.

Conclusion

Improving personal finances does not mean turning life upside down; it means becoming a sensible spender with innovative solutions. Moreover, the above-mentioned tips to improve your financial health are a gateway to your goal.  You can follow them to get what you want.

For More: How your finances affect your mental health

social media marketing for business

Why is Social Media Marketing Important For Your Business?

Do you wonder how social media marketing for business has replaced traditional marketing? As we all know, technology evolves day by day; it is obliged to upgrade yourself and strategies. 

Whether you have a small shop or you are running a large business, social media has the power to grow your business enormously. Moreover, social media platforms help you interact with your customers directly, increase your sales, and spread awareness regarding your product.

If you are willing to expand your business and improve products by customer response, social media is the right platform for you. This article will help you understand how social media can do wonders for you. So let’s go through it.

1. Grow Audience with a Small Budget

We must confess that social media advertising is the least expensive of marketing. The best thing about it is that you get the chance to interact and understand the gap directly and more accurately.

Moreover, it would help if you had little or no investment to grow. You can advertise your product using any complex tool and grow with a single page with regular posting and engaging with customers.

2. Learn about Competitor

Having thorough information regarding your competitors in the market helps you improve and produce unique products. Social media platforms provide you with an opportunity to learn more about the competitor. However, the best thing is that you get authentic and firsthand information.

After analyzing profiles and queries for customers, you can incorporate those questions and queries in your profile. If you answer the question in advance, there are more chances of growing the business.

3. Build a Relationship with Target Customers

Communication plays a significant role in every aspect of life as well as business. A business that connects more with its customers grows immensely at every level and scale. This is because when you build a good relationship with your customers, they trust your services and products and trust your name.

Customer retention is directly associated with business growth. Social media marketing for business not only benefits you but also facilitates the customers.

4. Get Attention and Acknowledgment

When people don’t know your name, how can they approach you? And the traditional market is a slow process that can take years to grow your business. Here is the answer to why social media marketing is important. Social media boosts your visibility among customers and helps you reach a large audience in minimum time.

5. Promote Services and Products

Staying active on all social media networks provides you the opportunity to promote your product and services on a large scale. It is an easy as well as a common way for an entrepreneur to create brand awareness. You can upload your professional pictures and events you organize at your place, which will give customers more exposure to the business.

Conclusion

Many aspects of the digital era answer why social media marketing is important nowadays. In this era of digital marketing, entrepreneurs, marketers, and bloggers have the opportunity to grow to the fullest with consistency and dedication. Your loyalty to your business is the real building block to success.

For More: Time Management at Work

traits of creative people

5 Traits Of Creative People

Do you want to know the traits of creative people that contribute to success? And do you want to explore how you can escalate your creativity? Well, creativity is used in a variety of roles. It is not only applicable in the artistic field. No matter whatever field you work in, creativity is an essential prerequisite for success.

Creative people hold many traits which can help them solve problems in innovative ways. Here are some 5 common characteristics of creative individuals. So, let’s walk through them.

1. They are independent

Work independence allows creative people to achieve their freedom. Moreover, they become eligible to make their own decisions without any instructions or assistance. Often, this independent nature makes people feel comfortable taking on challenges themselves. They certainly take these challenges as opportunities to grow professionally and develop and polish their skills.

However, creative people enjoy collaborating with others, and they also work on tasks alone. For instance, an artist paints independently to focus on his process exclusively. This independence enables them to take as long as they need to make feasible and correct decisions.

2. Flexible

Flexibility is one of the top traits of creative people. They often have a strong sense of flexibility. This characteristic supports their keenness to endeavor new ideas and experiences.

Moreover, people with a strong sense of flexibility are also more adaptable to change, which expands their boundaries of creativity. For example, they may find it simple to adjust their temper and time when shifting from project to whole new project.

Flexibility also allows creative people to alter their mindsets about ideas and experiences, making them more willing to admit wrong.

3. They are Ambitious

Artistic and creative people are highly ambitious in their goals. They always look for the next project and have an eager hand. Moreover, nothing can discourage their willingness to try something new. Furthermore, they hunt and find what they are looking for.

Whether it is the smallest part of their day or the biggest event of their entire life, there is always something to extract to inspire their work.

4. Playful

Playing with ideas to find a feasible one is one of the striking traits of creative people. The sense of playfulness signifies that they enjoy the process instead of taking it too seriously. Sometimes the best ideas come accidentally or unconsciously.

That is why; they do not push themselves to get it right the first time. For instance, a designer certainly experiments with different colors and font styles while creating a logo. He jumps from one to another to end up with the best one instead of sticking to the first one.

5. Risk Takers

They are risk-takers. This is an exciting trait because highly creative individuals are more likely to believe in the worth of their ideas. They love taking risks. In fact, they would be very excited to get a project with high-risk potential instead of going through routine tasks they considered normal. 

Conclusion

So these were the 5 traits of creative people. As creativity comes in many forms, allowing all sorts of ideas to surface and inspire. However, when you sit in the community of creative people, you witness some common traits that you can develop to escalate your imagination. Some of them are mentioned above that you need to cherish and develop to get success.

For More: How to earn money online without skills?