So this morning I met with a buddy of mine named Sergio. We met this last Tuesday at a Minnesota Chatbot Meet-Up where the group debated the current and future prospects of bots, IoT, and automation. Sergio and I ended up exchanging contact info the good ol' fashion way, and we made tentative plans to meet at a coffee shop or tea bar that coming Friday at 8:00 AM to network further.
Fast forward to Friday (2 hours ago as of this writing), with his steaming Sencha Tea in hand, Sergio started off the conversation with, "So I've done a ton of research on you and your company this last week so I knew what questions to ask you and what I could learn from you." Good start!
As Sergio recapped everything he learned about me and Online Growth Systems, I sipped my honey infused black tea. He then proceeded with asking his first question: "why?"
Wow. Heavy hitter!
Not an easy question to answer (sorry Simon Sinek). As the discussion progressed we dove deeper and deeper into rabbit holes and diverged further and further into tangents. My personal favorite kind of conversations- ones that can't stay on the same subject for long... a rather good indication of a fun dialog! :)
Success as a definition.
What is your definition of success?
I think that everyone's definition is different. It's customized to their goals, their viewpoints, and their perspective. This isn't, or shouldn't be, a dictionary defined term. It's like trying to categorize things that fit the word "cool." Isn't that your personal opinion?
Sergio's definition: Doing what makes you happy.
My Definition: How many people's lives have you made a difference in? How deep?
Neither is right or wrong, its just how we prioritize what makes us feel successful. I hope that your's is different too.
Success as a metric.
How do you measure success?
If everyone's definition for success is different, that means everyone's metric for measuring that success is different too. If you're running a marathon, you measure distance. If you're in a hot dog eating contest, you measure # of hotdogs eaten.
Sergio's measurement: How happy do you feel?
Dick's Measurement: How many lives have you impacted?
Then comes the debate. Doesn't being successful by your own terms mean you'll be happy? Maybe. I don't know. We dove a lot into psychology, philosophy, and even ethics. It depends what your definition of success is.
For Sergio, he wants to do what he feels most passionate about. That is what derives him happiness, and that is what makes him feel successful.
For myself, I want to impact people. It's a numbers game for me. Yes, my definition also corresponds with my happiness gauge, but that's irrelevant.
It's worth mentioning that I think the most successful Mother in the world might impact only her two children in a positive massive way, compared to a mother who impacts 7 children in an average way. Another example might be a meme. Let's say it impacts 1,000,000+ people if it goes viral on Instagram. Compared to an inspirational video of a military vet coming home to see his kids for the first time in over a year, it reaches 50,000 people. Which is more successful? I think it depends on what you're definition is. If your goal was to get views, the meme is more successful. If your goal was to make people support military vets, the meme impact is worthless and veteran video is more successful.
How do you measure success?
Case Study: Albert Einstein
Sergio and I used a mutual hero of our's, Albert Einstein to compare what we deemed as successful. Einstein was the famous mathematician and physicist who came up with the e=mc2 equation and the father of nuclear energy.
Einstein is also know as drafting a letter to President FDR which prompted the development of the world's first atomic bomb. He is also know for his love of the pastry bagels. The comparison is almost humorous! :) I wanted to use the atomic bomb for an example of measuring his success. (THESE NUMBERS ARE FOR DEBATE PURPOSE ONLY, NOT HISTORIC ACCURACY. ETHICS ARE ALSO NOT PART OF THIS DEBATE, JUST MATH.)
Let's say that when the USA used the nuclear bomb, it killed one million people. Bad impact, right? But let's say your definition of success was lives saved. A number. I want to think that Einstein's biggest success was the number of lives he saved and impacted. Let's say that if Einstein didn't prompt the development of the atomic bomb and it wasn't used to end WW2, another three million lives would have been lost throughout the remainder of the war. Let's do some math...
Einstein wrote letter to build bomb: 1 million lives lost
Einstein didn't write letter to build bomb: 3 million lives lost.
= Einstein saved 2 million lives by writing the letter to build the first atomic bomb.
AGAIN, we are just using this for math purposes, not ethical or historic purposes.
It's also worth mentioning that after Einstein learned the Germans wouldn't have developed an atom bomb to use on the Allied Forces (the reason he wrote the letter was to warm the President), he regretted ever writing the letter in the first place. In an interview with Newsweek magazine, he said that "had I known that the Germans would not succeed in developing an atomic bomb, I would have done nothing." Since this didn't provide Einstein happiness, by Sergio's definition, this made Einstein unsuccessful. Sergio argued that he would have been more successful being a professional bagel critic, assuming that would have provided Einstein the most happiness out of any other career path.
The Debate: Passion VS Impact
I believe that you should try as many things as possible so that you can find what you're good at. What you're the best at. So you can find what industry you can dominate and impact the most people's lives. Or for Sergio, find what makes you happy. What if Picasso never picked up a paint brush? What if he pursued something he found himself enjoying before he learned to paint? Yes, he would have been happy and by Sergio's definition a success, but he surely would have impacted less people and perhaps we would have never known his name.
What if Michael Jordan never dribbled a basket ball? Few people know that he also played professional baseball in addition to basketball. He is arguably known as the best basketball player of all time, but just an average baseball player. Both made him happy- but only one sport left him in history books. Basketball left a greater impact on more people's lives. Let's say that a career in Baseball would have built up more of a passion and love of the sport for Michael- Sergio would say that would have been the more successful route. I disagree.
Where do you stand?
Passion or Impact?
Thanks for reading.
PS. I read every comment. Please join the conversation below by leaving your opinion of this blog/argument, and perhaps discuss what you think drives success.
The one question that has come to every person's mind that what exactly is blockchain or for what purposes it is going to be used. The blockchain is an undeniably genius invention of Satoshi Nakamoto. It was invented in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. But since that time it has evolved into something greater.
The blockchain is a continuously growing list of records called blocks. It is a distributed ledger that can efficiently take records of transactions happening between two parties in a verifiable way.
Once recorded the data in any given block cannot be altered without altering the subsequent blocks which will result in the collision of the whole network. The blockchain is a very secure way for the recording of events, medical reports, and the other records management functions
Being an entrepreneur means you need blaze your own trail. You will get no career guidelines, counselors or maps to guide you from one step to the next. You’ll have to make it up as you go. But if there was a set of guidelines, here are our tips to make your journey easier as an entrepreneur.
1. Keep the big vision in sight. - Stay focused
2. Fuel your vision with perseverance - Be motivated
3. Make a plan, but be flexible - Adapt to survive
4. Embrace your expertise - Know yourself
5. Don’t reinvent the wheel - Start new, don’t start over
6. Don’t burn out - Pace yourself
7. Leverage everything - Find a need
8. Keep your sense of humor - Laugh more, stress less
This is a special blog from our Millionaire Mentor series, The Entrepreneur's Mindset (Interview with Dominik Lipinski). Read our highlights from this several hour interview below, or go ahead and find your own golden nuggets by watching the video or listening to the podcast.
👉 Have you ever tried implementing a digital assistant in your office? It may sound unusual, but actually it’s pretty common. It is predicted that almost 36 million people are going to use a voice-activated assistant device at least once in a month which is double the number of users in the previous year.
👨⚖️ Virtual assistants include software’s inside various devices like Apple’s Siri, Google Now, Amazon’s Alexa etc. Voice-enabled speakers also use virtual assistant software, such as Amazon’s Echo AND Google Home. These devices were mainly invented for home use. People ask it various things, and it answers them. Though most digital assistants put restrictions on what developers can do with the system, the systems are always growing. But in the year of 2016, Amazon decided to let third parties develop think programs for Alexa. Most of this content is designed specifically for business purposes.
Many of you have already used Amazon Echo or Echo Dot without realizing the fact that you can use it to increase efficiencies in your business. You can go to the main page of Alexa. Amazon.com on your smartphone and click the “skills” button in the left navigation bar, select the skills you want and tap “enable”. Then your digital assistant will be able to help you to run your business smoothly. Once a skill is enabled you just need to give a voice command and Voila! Your work is done. Alexa is mainly an artificial intelligence powered, voice-activated digital assistant. It gives you control over your business via some appealing speakers such as Echo spot, Echo plus etc. But there is no need to buy Amazon products to use Alexa, because most of the smart speakers sold in the U.S in 2017 are Alexa coherent. Checking out the skill finder skill will also help you to know about particular skills and even help you to decide on the skills your company needs for growth.
Without a proper strategy on YouTube, your videos are not going to reach the full potential of viewers. Whether you are a small business owner, entrepreneur, YouTuber, content creator or social media marketing strategist, you have been searching for ways to get your targeted views on YouTube. But how can you crack the goal in your competitive sector?
YouTube Marketing is a tool among the most-talked subjects in social media and entrepreneur circles right now. One of the main questions we get most is how to get started on YouTube.
But let’s get real!
If you don’t exist on social media do you really have an existence? This question will definitely put some of you in an awe. But, it’s not something to take in a wrong way. People have been using social media platforms to create their own identity and establish their business. Instagram and Snapchat stories are a big part of it. The battle between which platform is better among its users to have been going on for a long time. But none of them are really slacking off. It just depends on personal preferences and which you want to show your audiences. But while doing business through which platform you want to highlight your Ideas and products have to be very precise and well planned. Clients are often in a daze thinking which social media to adapt to their current marketing plan. As experts, we need to think about the fact that whether one of them actually work for our clients. From audience interest to managing the accounts, everything needs to get taken care of. To put it very simply we need to think that which works for them best
Brands nowadays trying to find more ways to connect with their audiences using social media platforms. But it’s really unpredictable to say how the social media marketing will change over the year with new trends. Each and everyday user scroll through 300 feet of content and in this small window brands need to grab user attention. So, how a brand starts building social media ideas the make the user a valuable reader or a customer towards the brand. Here are our strategies, online growth system believes these strategies will impact your business via social media.
Entrepreneurs sometimes live in a strange way, and Ray Kroc is one of those people. His revolution in franchising the food automation service and advertising have earned him a place in entrepreneur’s world. He founded McDonald's and opened his franchise when he was 52.
In this Amazing Book, there is the story of this business legend in his own words. You will go through irrepressible enthusiasm in here. This perceptive people-watcher and born storyteller will fascinate and inspire you in this book. This book will make you never forget Ray Kroc for his successful journey of McDonald's.
The world is going to take a new step in Virtual Reality and 3D model era, and place the remarkable technology in the e-commerce platform. This year Shopify United announced their first step to becoming a 3D enabled e-commerce platform. In addition to this, they are adding new partners who will help the merchants to create 3D models of their products. Also, they will find new ways to reach their audiences using augmented reality. This will turn future of AR into reality.
But, how will e-commerce reach their potential goal? How will a person with zero knowledge or a person who is a web designer or an app developer who never done 3D before use such a product? They begin to enable them to create 3D models. E-commerce platform such as Shopify is creating a real opportunity to deliver value to the merchants and their customers.
Read on to learn more about how e-commerce business can expand their customer experience to immersive AR, VR, and 3D where shopping will be a reality for everyone.
It is without doubt that the internet has advanced in recent years, and with it new online systems such as social media have been developed. This has enabled individuals to easily interact, share and access information. Social media has grown to become a key factor in marketing, and firms are using it to enhance their brand popularity, increase sales, enhance communication, share business information and for social support to consumers. In addition, social media interactions by individuals is thought to have a positive impact on trust. This has developed a great interest by researchers to study consumer behaviors and see how it affects customer's intent to buy goods and services online.
‘The best marketing doesn’t feel like marketing’
Businesses complete their operation by surrendering their products to the customer/consumer. On a number of occasions, the customer would not take or buy the product until they have been convinced or asked to buy. They won't buy something they don’t know.
This is where marketing comes in. Marketing is a tool in business that helps convince a customer to buy products or services.Through marketing, businesses and firms create value for a customer while building strong customer relationship so as to capture value from them in return.
Marketing can, therefore, be viewed as a tool through which firms and organization can earn a return through a sale of their products. As a tool for business success, marketing evolved over the years. If well utilized and used in a logical and procedural manner, marketing is the bedrock of a business growth.
Marketing uses time and funds; however, we live in a very dynamic world. In the process of marketing, a business can be faced with a block of a tight budget that hinders effective and efficient marketing processes.
In such a case of inadequate marketing funds, businesses and firms can still achieve marketing success by applying certain tactics. Below are techniques businesses can employ to succeed on a tight budget.
✎ In this video, we will discuss how to get started with a video production company starring Jeff Johnson. If you are a creative story-teller, filmmaker or even just starting a video production company- you can learn how to be successful and make money in the video production industry.
Starting your own small business is the number one step to achieving the American dream in our world today. However, there are a lot of people, especially young people, with the business mind, but they lack the skills of starting and launching the business. Are you that person?
When launching a business, expectations are it will grow and become successful. This can take years of hard work and struggle, but by using the right skills and following the right steps you can be on the right track to making your business the next Apple.
For the success of the business, the following steps are essential to be observed.
Under normal circumstances, people perceive large business as more established, successful, and having a good reputation, and thus develop a certain kind of trust. People tend to buy products and services more
Being a small business that is still growing with few reviews and small name recognition can be quite a struggle to survive with the high competition from big brands. Therefore, learning the art of creating a big impression in the market can boost your business and also accelerate its growth. Here are a few ways small business owners can create a big impression of their business to fit the marketplace.
1. Have a website/ Update your website
Many small business survive out there with no website, which in today’s world makes them nearly invisible to new customers and miss a lot on growth. The first thing a customer expects in a trustworthy business is the presence of a website. This is one of the first indicator that your business exists and is somewhat legit. You wont get as many customers if you exist without a website. The first thing a potential business customer thinks when you approach them and your startup has no website, is that you are a scam or you are not serious, and all you want is quick buck.
Today website designing has become so cheap that you can afford to have even a simple website to start with. Nowadays there are many tools for building a website that you yourself can build one. However to avoid the hustle, get a website developer or an agency to design a professional website for you. Just make sure the website is modern not looking like the 1900’s design. It should be clean, professional, beautifully designed, and easy to navigate. Then once you have it make sure you are updating it now and then. For example, most of these websites have a blog section where you can add content, articles, videos, and so on which helps you boost SEO, and get noticed out there. A website positions your company as an expert in your industry and assists customers relate with your business easily.
2. Use social media
Social media has become a necessity for every business looking to grow faster and build trust with customers and fans. Through social media you can create awareness and grow your business faster than ever before.
According to a twitter study, 75% of fans following a small business and reads its tweets, reported to feel better about the company. This shows that social media wins you trust and loyalty from customers. It shows you are a serious business, and that you exist. The more you engage with them the more the trust and likelihood of doing business or buying services or goods from you.
Using social media doesn’t necessarily mean you create a profile on all platforms, but just select a few platforms that suits your business. The main ones are Twitter, Facebook, Instagram, Linkedin, Google+, and Pinterest. For example, if your business sells a physical product like food or clothing using Instagram and Pinterest in addition to Twitter and Facebook will be a great fit for your needs. LinkedIn fits professional businesses that offer consulting services. Hiring a social media manager or a marketing agency to post and engage with your customers can help if you are not sure how to do it or are busy on other things. In addition you can use social media to market your products or services. It is significantly cheaper compared to other traditional advertising methods.
What does it mean to be an entrepreneur?
Some people joke that it means you live with your mom and don’t have a job. Some people imagine two sisters running a lemonade stand on their street corner. Or maybe you imagine Steve Jobs, who dropped out of college to build what is close to becoming the world’s first trillion-dollar company.
No matter what comes to your mind when you think about entrepreneurs, one thing is certain: they are different.
They see the world as it could be, not as it is.
I personally think that the very definition of the word can mean different things, because of the nature of the people it applies to.
For example, when I was 14 years old I worked for my dad’s insurance agency. People called me an entrepreneur. Why? “Look at you! Working away answering the phone so professionally! You are such an entrepreneur!” Does answering the phone make me an entrepreneur? For a 14-year-old? Maybe.
When I was 17 I purchased the business of one of my competitors, and people called me an entrepreneur. They reasoned that anyone who has the business sense to be able to buy-out a competing business must be an entrepreneur.
Finally, when I dropped out of college people called me an entrepreneur. They said, “oh! You’ll be just like Bill Gates! Conquering the world without your degree!”
If you noticed, these examples are very different from each other. Not every 14-year-old kid answering phones grows up to change the world, and not every business owner who has purchased another business had become Henry Ford.
I prefer to think of an analogy that I heard a few years ago. My dad and I took a trip up to the cities from Sauk Centre, MN to interview an old college roommate of his. I was interviewing as many successful people as possible (I still do) to cultivate my mind and ambitions for my future success.
His name was John, and he worked for a large firm that was growing like wildfire. I don’t recall what position he held exactly, but it was C-level and in the accounting department. I started the conversation asking him about entrepreneurship, how his company had grown so much, and how I could be where he was someday, and he gave me an answer that surprised me.
Owning a business is a dream many people have some from a young age, middle age or even old age, all looking to start a life where they will grow fast and start reaping benefits.
Three years ago, I was among those finishing college. Every graduate that year was happy to have finished college and eager to find their dream job with a good salary, but my friend Martin had greater ambitions of starting his own small business immediately. Well, most of us would love the same idea but the notion was that it was too early to start thinking about business immediately after college.
However, Martin claimed to have one big problem which was that he didn’t have enough capital to start the business venture despite having a great business plan. He was moving around asking for advice from friends and I am glad I was able to give my piece of advice before we left college. The last time I heard about him, he was sourcing for funds from banks which I am not sure if he succeeded.
We just met in a mall last week and I was eager to know how his business was performing. He told me he got a job and had to postpone his business plan for some time though he was still thinking about it. We talked for a few minutes then he left. I realized that his job had already given him enough capital to start his business but he was still reluctant to do it. After that I did some research on why people fear starting a business and to be honest lack of funds is not actually the most limiting factor. Continue reading below to find out what factors limit people from starting a business and how to overcome them.
Starting a business is hard work. However, it is safe to say that establishing a successful business can be much harder, as it is both physically and emotionally challenging. Every entrepreneur starts a business with the hope of growing it into a successful and productive one. However, this is easier said than done. To start a business, especially now in the overcrowded startup world, has become quite difficult. To be prosperous, you need to be skilled, committed, persistent and very hardworking. Once you have an established business, you may decide to simply let it run as is or you may opt to find ways to help it achieve even more growth in order to continue to remain stable in the competitive market. I am sure many people would opt for the latter. If you are that person, I have compiled a set of questions below that you need to ask yourself about your business to ensure you stay on top of the game.
1. Are your business goals/plans working?
Every business is established on a set of goals or on a business plan. Once running, many factors can lead to amendment of the business plan to make sure that the business is running smoothly. For a business to be successful, these goals have to be achievable and for them to be achievable you must have a way to measure their success to ascertain if there are working as planned. As a business person, you need to constantly evaluate your business plans and make changes where necessary. However, the first step to ensuring a successful business plan is by making sure the plan meets the principles of a SMART goal setting. Ask yourself, are your goals Specific, Measurable, Achievable, Relevant and Time-based? If your plan meets these 5 elements, then you have a high chance of achieving great results.
2. Do you have the right team working with you?
Working with a great team can determine the success of your business. Once you have set up a team, it is important to constantly monitor their performance and ensure they are consistently improving with time. There are several ways in which you can ensure your team is constantly growing and improving performance. For instance, through motivational talks, team building activities and short-term training. Each of these can help your team increase productivity. The Small Group Research journal paper "Does Team Building Work?" shows that team building can have a positive impact on your team performance. Don’t forget that monetary rewards such as bonuses, appraisals and promotions also help promote competency among team member and can translate to better performance in general.
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