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Starting a Business? Have a High Pain Threshold

This advice is from Elon Musk, founder of Tesla on starting a business. Check out the full video below.

“Starting a company is like eating glass and staring into the abyss”

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Don’t Worry About The Competition

This advice is for entrepreneurs and business owners to not focus on the competition. You can only control what you can control and that’s not other people or your competitors. Focus on only beating yourself. The time you take to worry about the competition can be the difference between losing and winning.

Here’s the complete video:

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How to Do Video Right on Social – Facebook

Post videos natively on Facebook or other social media sites. Don’t just cross link (e.g. from Youtube to Facebook. “Facebook is making a play to become a video platform and that means Facebook Newsfeed Algorithm is placing an enormous amount of weight on videos. (which translates to organic reach”

This comes from a LinkedIn Slideshare Post from Gary Vaynerchuck. The complete slideshare is embedded below.

 

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Why Business Fail According to Mark Cuban

This is a throwback video from Mark Cuban but the advice still rings true. Small Businesses don’t fail from lack of capital. They fail from lack of brains or lack of effort.

He also says 99% of small businesses can be start with next to no capital.

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How to Master Fear in Business from a Dating Coach

“Fear is an emotion associated with anticipated pain. Former Art Of Charm coach Sameem Rouhani calls it “the discomfort of uncertainty.” It’s useful because we survived as a species by avoiding pain. But social fear in all its forms typically boils down to avoiding a particular type of pain—rejection. As early humans learned, being part of the group was advantageous for survival; being abandoned or rejected by the group meant hardship or death.

The reason the Harbingers’ work with social anxiety in dating maps well to business is because business is inherently social: You’re making things for people, selling things to people, and working with people to make all that happen. And rejection—whether from customers, supporters, partners, investors, colleagues, bosses, “the market,” you name it—almost always feels personal.”

Ways you can battle that fear

  1. Collect Data (of successes)
  2. Use the principle of progresssive overload (pushing yourself a little farther) in a safe environment
  3. Flip your internal script (Change a negative outlook to a positive one)

That’s what progressive overload is all about. “There’s always going to be a fear of failure in business,” AJ says. “You need to be comfortable being uncomfortable.”

Read more: HOW TO MASTER FEAR IN BUSINESS: TIPS FROM LA’S TOP DATING COACHES

 

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3 tips for falling in love with your business

“Falling out of love with your small business can happen any time, not just in summer. Most entrepreneurs find they hit a period when they’ve lost their momentum and feel like they’re in a rut.

How do you fall back in love with your business and get back to where you once belonged? It’s time to get reunited.”  

  1. Remind yourself of your “bright idea”
  2. Reassess your personal goals
  3. Emulate your role models

Read more: http://www.usatoday.com/story/money/columnist/abrams/2015/07/23/small-business-columnist-abrams-love/30442633/

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Start Locally When Marketing

This is an excerpt from a post on Rescue a CEO which discusses how important it is to be hyper-focused before scaling out.

Many business owners become so fixated on growing large immediately that they forget about what’s in their backyard. Rather shooting for the moon, start pumping up your local connections and visibility. Be present in local events and start networking with community influencers to ensure everyone in your own community knows about you. By getting your community behind you, you can be sure that your brand will spread.

 

Remember, too, to think locally when it comes to the web. Be sure to have a proper local listing for your business so you can be easily found online when local customers are looking for your goods or services.

Read more: http://rescue.ceoblognation.com/2015/07/02/5-tips-for-growing-your-business-through-marketing/