The Best Advice from New Age CEOs
Many individuals want to start their own business. I am sure, sometimes in your life, you might have thought about this. If you want to get out of 9 to 6 rat race and want to live an amazing life then you should work and build your own business. When I say business, it can be related to any industry be it manufacturing, eCommerce, FMCG, IT, digital or even agriculture products.
If you look around you will find many local businesses. Many people are using a franchise model of some big companies. But if you want to start your own then I am sharing some best advice from new-age CEOs. In this article, you will see two steps of how they start and they grow their business. So, let’s start and understand some powerful insights.
Start Thinking About Future
If you want to build a solid business empire then identify some common problems people are facing. Many businesses are successful today because they have identified solutions for some major problems. We have successful companies like Uber and Ola because they have solved the problem related to travel within the city.
We have successful companies like Flipkart and Amazon because they have solved the problem of urban costumers. So, look around, identify some problem and come out with great solutions. There are still many problems we as a society facing each day. For example, can you come up with some great solutions against plastic? Can we have some solutions against the scarcity of water in big cities? Can you develop some courses and teach people how to generate income from home, legally?
By the way, do you know the global plastic water bottle market is worth USD 166.78 billion as in 2019? And it is expected to grow over USD 200 billion by 2025.
Learn And Take Massive Action
In the second step, you have to learn everything about the problem. The more you will do research, the better your chances to come up with the right solutions. During this stage, you will have to take a calculated risk and massive action. If you will follow the traditional offline business model then you might need an office, some employees and have to register your company.
World’s biggest organizations had a small beginning. In the same way, start small and grow gradually. Keep on learning, experimenting and you will grow. And as you will grow you might need some angel investors. There are many things involved to start an organization.
Start Side Hustle
Besides these, there are more suggestions from new-age CEOs. This suggestion is for those who are struggling in their job and want to change their life. They need to do a side hustle, which means start your own business apart from your regular job. You can even take a second part-time job. The big idea is to increase your income.
In today’s time, you can start many businesses with the help of digital marketing. If you are good at writing start a writing career, become content writer, start a blog, write for forums or start writing books and sale your books through Amazon kindle. Do any job as per your wish and education but start a side hustle as soon as possible. Having at least two sources of income are better in today’s time.
Start Saving And Investing At The Earliest
In the previous point, we have talked about having a part-time job to increase your income. If you want to get out of 9-6 rat race then you need to start saving and investing as soon as possible. There are rules which can help us in this matter.
For example, whatever may be your current income, save up to 10%-20% every month and pay yourself first. For this, you need to open another bank account and deposit those amount in that separate bank account. Don’t use them until you need them for some emergency purpose. Suppose you have started saving rupees 6000/- per month then by year-end you will have rupees 72,000/- ($ 960) with you. Keep this habit alive even when your income increases.
Now, take the second step and start investing either in stock, mutual funds or in golds. But first, study about them, learn and then invest. It takes times and efforts to learn the art of investing. Remember investors are known as the smartest person alive.
Quits Bad Habits
We all know we are the product of our daily habits. If you want to improve the quality of your life we have to quit bad habits. If you truly want to succeed in life then leave those habits which drain your positive energy.
Life is all about how good you can become as a human being. How good you can be in our chosen field. One way to quit any bad habit is by developing some alternative successful habits. For example, if you enjoy eating fried potato chips then replace them with fruits.
Life is all about growth, improvements and achieving your life’s goal. If you want to succeed in life then don’t forget some of the advice shared by new-age CEOs. Remember to start your venture, learn, experiment and grow. Learn to save and invest in the right assets. Quit bad habits and replace them with successful habits.
This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.
© 2020 Vikram Brahma