This week’s top stories include small business advice covering the following four topics:
- Develop Purpose, and the Profits Will Flow
- 3 Ways Your Mindset Can Derail Your Success in Business
- How to Account for Cognitive Biases as an Entrepreneur
- How User Experience (UX) Can Impact Your SEO
Each week we scour all the top business-related magazines and newspapers for articles with the best advice for the small business owner, so you do not have to.
Develop Purpose, and the Profits Will Flow
By: Manish Vakil
Entrepreneurs possess a special kind of grit. They reach higher, do more and expect rewards for their efforts. But one colossal blunder many budding entrepreneurs make is initially putting too much emphasis on the profit portion of business.
This narrow focus lacks several essential elements your business needs to be a contender. All business owners must understand the importance of having a purpose. With around 21% of startups failing in the first year and 30% crumbling the second, starting a business venture takes more than luck and a prayer.
Instead of crossing your fingers, know that business success depends on thoroughly developing your purpose. If you complete this first critical step, the profits will come; however, it requires a combination of several factors.
3 Ways Your Mindset Can Derail Your Success in Business
By: Karen Repoli
Being an entrepreneur brings many challenges along with its many benefits. One challenge, in particular, involves your business mindset and recognizing if you’re setting yourself up for success or failure.
Figuring out what mindset you have involves using your common sense. If you’re afraid to fail, chances are that’s what will happen because you won’t want to take any risks so you won’t take any action. However, it IS possible to shift this mindset; so instead of being afraid, you become determined to make your business work. Which scenario do you prefer: Being determined and taking action or being afraid and cowering in a corner, doing nothing?
Throughout my life and business, I’ve never been afraid to take a risk and do what it takes to achieve my goals. This mindset has led to many successes and yes, some failure. But every successful person has failed at some time.
Every adversity, every failure, every heartache carries with it the seed of an equal or greater benefit.Napoleon Hill
It’s not how far you fall, but how high you bounce that counts.Zig Ziglar
The only real mistake is the one from which we learn nothing.Henry Ford
Here are some common mindsets that may negatively affect your business:
How to Account for Cognitive Biases as an Entrepreneur
By: Timothy Carter
Like it or not, cognitive biases have the power to negatively impact your role as an entrepreneur. These baked-in tendencies of the human brain are almost like bugs in our software. If properly managed and controlled, they pose almost no risk, but if left unchecked, they could fundamentally change how we see the world — and how we make decisions for our businesses.
So how exactly are we supposed to gain control over our own cognitive biases?
Related Post: How Your Cognitive Bias Can Destroy Your Business
How User Experience (UX) Can Impact Your SEO
By: Garry Grant
User Experience (UX) is being touted as one of the most critical factors for effective SEO in 2021. With the average attention span of internet users seemingly decreasing by the day, and a generation that expects instant results, the speed and ease of navigation of a website are of utmost importance.
In this post, we’ll be taking a look at UX, what it is, Search Engine Optimization, how to improve it, and why it’s so essential for every website owner.
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