One On One With Successful Entrepreneur Vanessa Rende

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Vanessa Rende is a Speaker, Writer, Entrepreneur, Consultant, and Podcaster. She is a former corporate consultant in the mortgage-backed securities industry, helping private, public and government agencies with risk, management, leadership, and business strategies.

When her career as a corporate consultant with a cushy paycheck, fat bonus and a false sense of freedom offered her an all-expense paid relocation to Denver, CO to work from a cubicle when she wasn’t traveling, Vanessa knew she wanted MORE. And she knew it was time to go all in.

A new homeowner and mom, she turned down the offer and launched her consulting firm in 2011 to help businesses and entrepreneurs with leadership, process improvement, marketing, business development and other business strategies.

Using her 12+ years of experience, formal training, and life lessons, Vanessa is among the rare few business champions who is truly results and impact-driven. It is her mission to turn the hundreds she has impacted into millions.

MoneyCentral Magazine recently sat down with Vanessa to find out more about her journey to entrepreneurship and here’s what went down.

Could you please tell our readers a brief background about yourself and how you started your business?

I am a former corporate consultant who worked with the US Federal Government and hundreds of businesses and entrepreneurs across the globe before turning down an all expense paid corporate relocation to Denver, CO in 2010 to start my own consulting firm. Within one year, my firm hit multiple six figures, but I let my mindset get the best of me and shut everything down to deal with a messy divorce, domestic violence, and even child abuse. I came “back” in 2015 and had dedicated my life and business to helping others climb out of the mental, emotional and financial hole I was once in. I have been featured in Fast Company, The Huffington Post, Thrive Global, Fudding, and am about to have a spread in a popular entrepreneur magazine in Australia.

Can you describe your journey to success? When did you start? Did you ever imagine you would become this successful?

I started like a lot of people, with a comfortable corporate job that wasn’t giving me what I wanted out of life. I’ve been an “entrepreneur” since I was nine years old, helping a lady in the neighboring flea market spot market her items to kids my age. But I didn’t decide to take the leap and go all in until the false sense of freedom from my corporate consulting job came crashing down after my son was born. I love Denver, CO, but I wanted real time and money freedom, especially since I was a new nursing mom.

What is your main source of income?

I have seven streams of income, and my main ones are my consulting/writing/speaking business (mostly online and some offline) and my real estate business.

What are you currently doing to maintain/grow your business?

I am working on publishing two books this year. I am focusing on helping more people by collaborating with awesome media sources like you! I also blog for Thrive Global, The Huffington Post, and my own website. I have a podcast and live on Facebook and Instagram (for business, but I also love it).

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How did your brand stand out from the rest of the other brands out there that is similar to your niche?

Same as above: the content I create is phenomenal. I don’t hold back when I’m sharing what I know, what I’ve learned and how someone can help themselves improve.

What is the toughest decision you had to make in the last few months?

Great question! I trashed my 2018 business plans and burned my business model to the ground. I got caught up playing the online entrepreneur game, and I lost sight of the impact I’m meant to make. So I re-designed my business model, edited it extensively, removing anything and anyone who wasn’t conducive to the new plan and boom! Specifically, this meant closing down two paid group programs (that were full), and a free Facebook community I had been cultivating for over two years.

What money mistakes have you made along the way that others can learn from (or something you’d do differently)?

1) I started doing paid ads way before my business was ready. This left me struggling and more lost than I’d like to admit.

2) I fell into the online entrepreneur game. I became a launch queen, releasing one thing after the other to stay afloat without keeping my eye on the real prize: alignment. My new business design includes only what feels good, right and aligned with my purpose. If it doesn’t feel good, I no longer do it – no matter how scary it is to me or odd it may seem to the world that I don’t partake.

What have you learned in the process of becoming wealthy that others can learn from?

I have learned that wealth is a state of mind. I know money isn’t, but I understand now that I didn’t have to wait for my bank accounts to look fat to feel taken care of, wealthy and amazing. All of that started within myself, and if someone had told it to me, I would have attained it much faster.

What new business would you love to start?

I would love to open up a local yoga and juice shop! It may be selfish, but I want fresh juices and yoga every day, so why not offer it in my community where there is none of that yet.

If you could go back in a time machine to the time when you were just getting started, what would you do differently?

I would have invested in a coach or mentor when I first opened my own consulting business. When I had to file for a restraining order and subsequent divorce, I closed myself off. I didn’t have someone to call me out on my bullsh*t and help me see that I was shrinking for no reason. I know that if I wouldn’t have tried to do it all alone, I’d be at multiple seven figures by now.

If you could go back in a time machine to the time when you were first making a name for yourself, what advice would you give yourself?

Vanessa, you think it’s about strategies, revenue, budgets and constant progress, but really it’s about something much bigger: loving, trusting and believing in yourself. The moment you decide that you matter more than anything, your life will change forever (and it has!).

Do you have any favorite business-related or personal development related books that you can recommend to other entrepreneurs?

OMG, yes. I have read The Big Leap several times, and I highly recommend it to every business owner, creator, and visionary. I also recommend Think and Grow Rich, Blue Ocean Strategy and E Squared (Pam Grout).

What is the best advice you have ever been given?

It doesn’t matter what people think of you, what matters is what you think of you.

What advice would you give to a newbie Entrepreneur setting up their first business?

Before you start planning, plotting and thinking up strategies, focus on your mindset. Do it daily, do it first. Those other things can only take you so far. Your mind is what truly pushes you through the limits you have and will create for yourself.

One On One Interview With Millionaire Entrepreneur Jasmin Terrany

This inspiring entrepreneur went from working three odd jobs earning an average income to a six-figure income – but it wasn’t an easy journey.

When Jasmin Terrany graduated from her Master’s program at Columbia University, she ended up working three jobs to make ends meet. She worked part-time as a therapist at a Medicaid clinic, part-time as a school counselor in a high school in Harlem, and she also started her private practice on the side.

She started her practice in 2007 and realized early on that although she had done psychotherapy training, it didn’t mean people would be knocking on her door to obtain her service. She knew she had to think like an entrepreneur to get people to be more interested in her business. That’s why she started taking marketing classes and learning more about sales. Eventually, she ended up inventing Life Therapy – it combines traditional Psychotherapy and Life Coaching, as well as spiritual practices like Mindfulness and Meditation. When she started her business, she was only charging $50 per session; she never imagined that eventually, she’d be charging ten times that per session. She now maintains a six-figure, ten-hour a week virtual business, while raising two small children at the same time.

We recently sat down with Jasmin to find out more about her journey to entrepreneurship and here’s what went down.

Could you please tell our readers a brief background about yourself and how you started your business?

I work mostly with high-profile individuals who want to make their personal life as successful as their business life. I help them improve relationships, self- confidence, and body image while alleviating stress and anxiety. I call my work “Life Therapy” because it combines traditional Psychotherapy, Life Coaching, and spiritual practices like Mindfulness and Meditation.

When I graduated from my master’s program at Columbia University, I got three jobs. I worked part-time as a therapist at a Medicaid clinic, part-time as a school counselor in a high school in Harlem, and I started my private practice on the side. I rented office space by the hour. Eventually, as my practice grew, I rented one day of office space then two days, then got my own. When my practice was lucrative enough to support my lifestyle, I quit my other jobs and continued only with that.

Can you describe your journey to success? When did you start? Did you ever imagine you would become this successful?

I started my practice in 2007. I realized early on that although I had done all of this psychotherapy training, just because I believed myself to be a wonderful therapist it didn’t mean people would show up. I had to become a business person. That;’s why I started taking marketing classes and learning about sales. One of the key phrases that helped me grow was, “I only want clients who are ready, willing and able.” Before I started using this mantra, I felt the need to accommodate any potential client even if they weren’t right for me.

When I started with my first client at $50 per session, I never imagined that eventually, I’d be charging 10x that per session. I now maintain a six-figure, 10 hour a week virtual business, while focusing on raising my two small children.

What is your primary source of income?

My private practice and my books. I meet with clients via Skype, phone or any other video conference.

What is your primary tactic when it comes to making more people aware your brand and engaging your customers? How did your business stand out?

To be authentic and share my story, it starts with my mom…

My mom Betsy is the mom everyone desired. As beautiful on the inside as she was on the outside, she’s overflowing with unconditional love, true understanding, and joy. She was a best friend, the ultimate role model, and a true parenting guru. In over a decade of private practice, a lifetime of relationships, and over 50 countries of world travel, never have I even heard of another mother who parented with such intention, dedication, clarity, wisdom, and fun.

With no warning, no preparation, one sunny afternoon, she simply disappeared from this world. She was driving to meet me for lunch, and never arrived. Age 64, mile marker 64. Gone.

As I sat all alone, trying to digest this unfathomable news. I stared out the window as the sunlight kissed the sparkling ocean waves. I couldn’t believe the peace I felt, amidst the heart-wrenching pain in my soul. She was there with me. Her loving wisdom was so deeply embedded in my essence that I couldn’t tell if it was her voice or my own.

“Now is your time.” Every part of me knew. “Don’t be scared. This pain is your gift. This is your learning… You are the Mommy now.”

After the most devastating year of my life, it all began to make sense. On the first anniversary of my mother’s passing, I naturally gave birth to my own daughter. The hair-raising synchronicity of this moment, not only brought new physical life into the world but channeled the content of my most treasured work of art:

“Extraordinary Mommy: A Loving Guide to the Most Important Job There is.”

This book is my new chapter of life. I have visions for other books, workbooks, educational programs, children’s books, workshops, motivational events and so on.

I believe that extraordinary mothers make extraordinary people, and I am destined to help mothers access their truest strengths so they can be warriors of love for the most important job there is.

What money mistakes have you made along the way that others can learn from (or something you’d do differently)?

At one point I got a money manager to invest in puts and calls. I was young and thought I had a high-risk tolerance, but after he lost almost 50% of my portfolio, I realized I was wrong. Now I am focused on stability and longevity and make sure to plan for my future.

What have you learned in the process of becoming wealthy that others can learn from?

Having money is helpful for sure, but when you die you won’t look back and wish you worked more, you’ll likely wish you lived more. Studies show that after a baseline of financial stability, more money doesn’t make people happier. More living makes people happier.

What new business would you love to start?

I have committed to a new venture, of which I am extremely excited about: A Mommy Mission.

Extraordinary Mommies Make Extraordinary People.

In this country, there are certifications for professions as simple as florists. Yet the most important and challenging job that exists requires no license, certification or training.

Approximately 4 million mothers give birth per year, and there is no recognized “Mommy Manual.”

Many books teach what to expect and what to do, but few focus on how to be, the psychological, emotional and spiritual foundation of the mother, which is truly the basis for all experiences. Although mothers feel the truest, purest love for their children, the stress and challenges of motherhood often distract them from it.

My upcoming book, “Becoming Mommy: A Loving Guide to the Most Important Job there is,” is written from my perspective as new, vulnerable mother and trained psychotherapist, I summarize the ten core principles of my own extraordinary mother. Through engaging stories and examples, outlined lessons and chapter overviews, new mothers can quickly and deeply receive the golden nuggets of parenthood.

I am focused on PR and marketing for this book.

If you could go back in a time machine to the time when you were just getting started, what would you do differently?

Tell myself to enjoy and trust the process. You are never done, there will always be more, focus on embracing what you have when you have it.

If you could go back in a time machine to the time when you were first making a name for yourself, what advice would you give yourself?

You don’t have to know everything, be as vulnerable and authentic as possible and realize that we are all fellow journeyers learning together.

Do you have any favorite business-related or personal development related books that you can recommend to other entrepreneurs?

These books changed my life: “Power of Now”, “A New Earth: Awakening to Your Life’s Purpose” by Eckart Tolle, and “There’s Nothing Wrong with You” by Cheri Huber.

What is the best advice you have ever been given?

Don’t assume all the “successful” people out there are smarter or better than you. Everyone is learning as they go, you just have to start.

What advice would you give to a newbie Entrepreneur setting up their first business?

Make a goal, like driving cross country to California from NYC. Start driving in that direction. You will have no idea what roadblocks and detours will arise, but you’ll keep figuring it out along the way. Your final destination may even change, perhaps you’ll decide to stop in Colorado. Regardless of the outcome, enjoy the ride.

One On One Interview With Millionaire Entrepreneur Kaila Methven: The CEO Of One Of The Most Successful Luxury Lingerie Brands

Photos courtesy of Madame Methven

Kaila Methven is the brains behind possibly the world’s most expensive lingerie label, and she’s not only successful she’s also drop-dead gorgeous.

Kaila’s family once upon a time owned The Rainbow Unlimited Chicken Company (RLC), which used to supply 90 percent of KFC’s poultry. After inheriting her family’s sale of RLC shares back in 1991, Kaila decided to step away from the fried chicken business and focus instead on a much sexier line of work: a luxury lingerie company.

At just 16 years old, Kaila interned at her first Paris Fashion Show and went on to earn a Master’s Degree from the International Fashion Academy – Paris. She completed advanced training at Polymodo in Florence.

Kaila has so far been featured in Harper’s Bazaar, Elle, and Maxim and she has dressed some of today’s sexiest stars including the likes of Demi Lovato, Katherine McPhee, The Kardashians, and more. Kaila has just released her new vivacious, ultra sexy lingerie and intimate apparel line called “Lady Methven” and it was created for the everyday woman. Combining childlike innocence, erotic playfulness, and female power, Kaila dares everyone to fall in love again.

MoneyCentral Magazine recently sat down with Kaila to find out more about the luxury lingerie brand the whole world is currently gushing about and here’s what went down.

1. How were you actually ‘discovered’?

The first person who discovered me was Jean Charles de Castelbajac. I was a student at IFA, and he was visiting the school at the time. I was designing a jacket that day, he saw it and fell in love with it. After that, he gave me an internship in his company.

2. What do you like most about being a designer?

My most prestigious reward is to see women fall in love again wearing my lingerie. It is an honor for me when I see them feeling empowered, beautiful, sexy and confident.

3 What’s it like dressing some of the most famous people in the world?

It is extremely rewarding that famous people recognize my talent and want to wear my designs. However, I try to stay humble, and a client is a client. I don’t treat my clients differently because their name is well known. Each of my clients gets the best service I can provide, no matter who they are.

4. What first interested you in style/fashion?

I was born in LA, grew up in Paris, and graduated with my bachelor at Esmod, masters at IFA, MBA at Polymoda. I interned as a makeup artist at Paris fashion week for Dior, and when I saw all those models walking down the runway, I knew my destiny was to become a designer.

5. What made you decide to make it into a career?

Originally, I wanted to be an entertainment lawyer. But when my mother passed away, I moved to France, and I was immediately inspired by the fashion and the arts, so I entered in design school.

6. When did your career start?

I began filling my business documents to become legitimate a year and a half ago. I then started my design process and brought it to fruition during the summer of 2017. It took my team and me about six months to make the entire collection.

7. What do you enjoy most about style/fashion?

The most rewarding thing to me is the creativity it brings to my clients and the smiles on their faces.

8. We note that you have more than 500,000 followers on Instagram- what is your secret to gaining a lot of followers?

I always have new content. I don’t want my followers to get bored. Instagram is one of the biggest social media platforms; it is important to provide new content, make stories, like other amazing influencer’s posts, etc.

9. What sort of marketing do you do to make your image and brand more appealing to the audience?

We do a bunch of stuff from social media, Amazon, Ads, Parties, and other PR work.

10. How active are you on social media?

I am extremely active on social media. I post almost every day.

11. What is your favorite social media platform?

Definitely Instagram.

12. How do you think lingerie is dictating fashion trends for 2018?

Bodysuits are very in this season. It is very easy to wear it with jeans and a blazer, and it makes a very sexy and elegant outfit.

13. What are the color trends in lingerie? Can you tell us when and where to wear each of them?

Beige, mustard yellow, and forest green.

14. Can you give some tips to men who are looking to purchase lingerie?

Always buy XS size, so her boobs look bigger, and XS size for her waist, so it looks slimmer. You never wrap lingerie in a box with tissue paper, always hold it in your hands with a bottle of wine or just have it lying on the bed waiting for her when she comes home.

15. What’s the best lingerie to pair with your favorite winter blazer?

A black dentelle bodysuit. You can find them easily on my website or my Lady Methven bodysuits on Amazon.

16. How can lingerie enhance one’s mood?

Arousing visuals stirs chemicals in your partner’s brain, we all want something sexy to ourselves.

17. Do you have a specific inspiration that keeps you going in your career?

There is one woman who always pushed me to accomplish my dreams, whose name I’ll keep confidential. As of today, we are still in contact, she is very proud of me, and I always turn to her for advice. Ultimately, I am impressed by many successful businesswomen who started from the ground up.

18. What has been the most valuable lesson you’ve learned. This can be about the industry or about yourself. Or both!

Always believe in yourself, never give up on your dreams, and continue to work hard because hard work always pays off.

19. What are your plans? Inside your career or out of it.

Hopefully, I will have a store open, be an even better person, a better CEO with a very accomplished company, and have international stores.

The ‘LIGHTNING FAST’ Round:

1. What is the one beauty product you can’t live without?

The La Mer moisturizing soft cream. I apply it every night before I go to bed and it leaves my skin flawless.

2. What is in your makeup bag when you travel?

Every time I travel, I always have my glam squad with me to glam me up everywhere I go.

3. What is the one “flaw” you wouldn’t change about yourself?

I always wear Louboutin, and fur every time its chilly outside.

5. Your best guilty pleasure…

Having eight orgasms in my black Lady Methven bodysuit.

3 Powerful Visualization Techniques Visualization Techniques To Manifest Your Desired Outcomes

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What do you think is the difference between a dreamer and a doer?

One word: confidence.

Let’s face it, if you’re confident that you’ll eventually achieve your goals because you are willing to do whatever it takes to get there then you will no doubt achieve it. However, if you’re not confident about yourself and you don’t think your plans will pan out then you won’t really feel the need to take any steps to achieve your goals.

Confidence is the key to making something of yourself. It’s having the inner confidence that whatever happens around you, may it hail or shine, your confidence remains rock hard. If you believe in yourself that you will eventually achieve your goals, you’ll reach it. One of the most effective ways of achieving your goals is through Effective Visualization.

So what is Effective Visualization?

Arnold Schwarzenegger is a big-time celebrity who used the power of visualization to achieve his bodybuilding goals.

Schwarzenegger didn’t just go to the gym every day and worked out, he actually visualized his success. He said “I had this fixed idea of growing a body like Reg Park’s. The model was there in my mind; I only had to grow enough to fill it… The more I focused in on this image and worked and grew, the more I saw it was real and possible for me to be like him.”

Schwarzenegger conditioned his mind and convinced himself that he was capable of achieving his goal, he firmly believed that he would be able to do it and that’s exactly what happened.

He also said, “What you do is create a vision of who you want to be — and then live that picture as if it were already true.”

This is the power of Effective Visualization.

You need to visualize your desired result over and over again as if it had already taken place. There’s no room in your head for doubting yourself and your capabilities because if you do this, you are unconsciously sabotaging your success.

Effective Visualization is a technique that’ll help you get over the barrier of self-doubt. You need to visualize and actually see yourself achieving your goals and you need to envision how you’re going to do it in the most detailed manner as possible. The more you visualize your success, the more it’ll transcend to reality because the power of the mind, if harnessed the right way can make a huge impact in your life.

What do you think is the difference between a successful person and a loser?

It’s two words: mind power.

The big reason why the rich get richer and the poor get poorer because the rich people have such a powerful mindset – they are willing to do whatever it takes to get to the top and they can see themselves right at the top even though they’re not even there yet. They condition their minds over and over again to the fact that no matter what happens, they will eventually achieve the results they want.

Here are four effective Visualization techniques you might want to implement in your life:

Be in the moment

If for example, you have a meeting with some prospective sponsors, visualize yourself going to the meeting and winning that pitch. What do the potential sponsors look like?

What does the meeting place look like?

Can you picture the surroundings?

Can you hear their voices?

Imagine how calm and collected you are going to that meeting and shaking their hands.Imagine the potential sponsors intently listening to your pitch. By doing this simple practice you’ll be able to go that meeting with rock hard confidence because you’ll be able to transcend that imagery into real life since you’ve gone over the scenario in your head over and over again.

Focus on you

Besides visualizing the surroundings you need to effectively visualize yourself going into that meeting.

What clothes are you wearing during this meeting?

Is your posture on point?

Do you look confident enough to secure the deal?

How calm and collected are you?

How is your tone of voice during the pitch?

Are you injecting a sense of humor to make the sponsors feel more comfortable with you as a person?

Have a backup plan

Visualizing yourself nailing the sponsorship is definitely a must, but you need to also have a plan B just in case things don’t go according to plan – at least you have a backup plan. Having a plan B or even a plan C will be good for you in the long run because it enables you to be a bit more prepared. Think of possible ways the potential sponsors would react negatively to your pitch and then think of ways in advance that you’ll be able to address their concerns.

Practice how you would react to their negative response and then repeat that scenario in your head over and over again so that when the time finally comes and they react negatively to your pitch, you’re 100% confident that you have the answers they are looking for because you have visualized this scene a number of times.

In conclusion

Your goal here is to strongly instill the experience you want in your mind so that this will transcend into real life and you’ll be able to embody the version of yourself that you know in your heart can be.

You need to make sure you note down everything you see and hear in your head and go over it again and again. Before you know it, you’ll be well on your way to nailing down that life-changing pitch.

3 Basic Financial Tips Every Entrepreneur Needs To Know Before Launching A New Business

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Image via Shutterstock / Sofi photo

A startup without a proper plan and pre-analysis of different risks you may encounter during your business venture could lead to problems and waste of money. One of the things you need to protect when building a business is your investment. Therefore, it is critical to learning how to manage your finances to guarantee a sustainable business.

Track your finances

Make sure you track all your funds to know where your money goes. Keeping the record of your expenses up-to-date allows you to review your financial status. If you can monitor your cash flow, you can point out which part of your business areas are spending a lot so you can allocate the excessive amount to a more critical business plan you want to implement.

Proper cash flow management also enables you to limit excessive expenses for less essential business needs. Control spending at your startup since you are not yet able to generate your profit. It is still very early for you to reward yourself with fancy things without yet generating your net income.

Ensure you organize every record of expense such as marketing costs, mortgage loan or rental fee of your office, water and electric utilities, employee’s payroll, taxes, and many other aspects where money is involved. Organizing these expenses helps you do the proper computation easily.

Hiring professional help

Not all entrepreneurs possess an accurate computation skill. Hiring a professional can help you do the complex computations and get accounting done efficiently. Through his/her help, you can also allocate a specific amount specially intended for the tax contribution. Monthly reconciliation with your bank also enables you to verify if there are accounting errors done or unusual transactions without your knowledge.

Save some money for a rainy day

It is also essential to reserve some portion of your money to be used for your personal or household finances. Aside from this, you also need to allocate an amount intended for emergency use in case your business needs it. Since you are still in the start-up stage, avoid using the money from your company, so you can compare your profit versus your expenses.

Having savings will also allow you get prepared in case worse things may happen while your business is running. This will help you avoid the risk of running out of money which may be a cause of its loss or failure to operate.

Every step you have to make involves finances. Therefore, time is another thing you have to value. You do not have to rush things to achieve success. However, you still need to make sure you can appropriately schedule your day to day activities.

Once you have already mastered all these things mentioned, you can now be ready for a smart investment. This could be for your retirement, insurance, or another business expansion. These are just some of the financial goals most entrepreneurs dream to achieve. Aiming and achieving these things are the rewarding gifts you got from your effort and self-discipline.

The Dark Side Of Entrepreneurship: 3 Sacrifices Every Entrepreneur Must Make to Be Successful

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image via Shutterstock / Kaspars Grinvalds

Let’s face it; the concept of being an entrepreneur is exciting for a lot of people. The notion that you’re the boss and you run your own business sounds quite appealing to a lot of people but unfortunately, there is a downside to entrepreneurship that most people don’t see.

As an entrepreneur, you need to go through a number of sacrifices otherwise you won’t eventually get to where you want to be. Now here are the 3 most common sacrifices every entrepreneur must face when they’re just starting out:

Work/Life Blur

Once you decide to become an entrepreneur then you need to be prepared for your private life and your work life to cross over all the time. If you’re just starting a new business then say goodbye to your private time for a while because you’ll be working 24/7 even when you’re not in your place of business. You’ll be thinking of new strategies, marketing techniques and ways of improving your business wherever you are and that’s just the tip of the iceberg because you’ll have dozens of phone calls and emails to attend to. At some point, when you’re business has finally stabilised then you’ll find a healthy balance between your business and your private time.

Unstable take-home pay

It’s common knowledge for entrepreneurs that you’ll probably lose money or at best break-even on the first five years of your business before you eventually start making money. If you’re starting a new business then you need to be in it for the long haul! If you want to make a profit in about a year or two then you need to create a powerful marketing plan that can penetrate the industry in a big way and earn you some much needed profits.

Sleep deprivation

Most people need at least 6 hours sleep, but as an entrepreneur, you may need to have a lot less. There will be a number of times when you’d have to sacrifice sleep so that you can look after your business properly. There will be some days when you need to stay up all night to work on urgent projects and there will be a number of nights when you’ll be lying awake thinking about your action plan the next day. When you start a new business – expect to sleep a lot less for the next couple of years!

On the brighter side of things, even though you need to make these sacrifices don’t be discouraged though, you’ve got to start somewhere to get somewhere right? Look at these sacrifices as a form of investment. Just sacrifice for now but as long as you stay committed to the overall picture then you’ll eventually reap the rewards.

5 Simple Reasons Why E-Commerce Could Actually Be Your Ticket To Financial Freedom

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Image via Shutterstock / MaxFrost

Recent studies show that by 2017, retail e-commerce by mobile is expected to increase by 35% while online selling is predicted to surpass the profitability of brick and mortar stores for the next five years. Sound interesting? Globally, the number of households with internet access is continuously growing. This could mean that ecommerce sales could skyrocket as the figure rises. Currently, 40% of the global population have bought an item online which explains why some of the traditional stores in your locals may be closing up and moving to internet operation.

Of course, retail ecommerce is far from what your rose-tinted lenses have revealed to you. It involves hard work and patience as competitors continue to grow and categories such as jewellery, accessories, clothing, and electronics are turned into some of the oversaturated markets. Despite the challenge, this new economy brought about by the advent of internet technology has undeniably altered the way people do their shopping. It has changed the consumers’ buying behaviour, and will continue to do so as more innovations are discovered.

What does this mean to you? If you are one of those people who have been whining at work and wanting to regain your lost freedom, the accessibility of ecommerce platform could be your gateway towards the elusive financial freedom. Here’s why…

1. Save time while earning profits.

Once you have established strong followers that patronise your services and products, you can forget about spending seemingly endless sleepless nights for brand exposure. When you have set up your site, you can take advantage of full automation as internet efficiency and inexpensive virtual assistants can reduce the amount of time you spend on the internet. Further, this will allow you to divert your attention into other aspects of your business such as continued innovation and other bigger projects.

2. Win zealous buyers through your professional online presence.

Do not underestimate the power of word-of-mouth. Cliché as it may sound but this old marketing technique still holds true when it comes to internet selling. When you dream of exponential growth for your ecommerce, building brand loyalty should be at the zenith of your goal as zealous buyers would rave about your products and services on their social media pages. This could eventually direct their friends, relatives, and acquaintances to your page.

3. Internet holds the perfect formula for scalability.

With more than 40% of the global population resorting to online shopping, the internet could be the ideal haven for scalable companies. Not only does it allow entrepreneurs to operate at a dramatically reduced amount of capital, it also permits social media integration, free access to most marketing platforms, and fills the gap between buyers and sellers through real-time customer feedback that lets the latter identify the customer needs.

4. Who needs pricey marketing strategies when you have social media that brings guaranteed sales?

Based on the 2015 Social Media Report conducted by Internet Retailer, social networks brought $3.30 billion worth of sales in 2014 while ecommerce traffic rose by 7%. As more and more household engages into social media platforms, this figure is expected to increase which could drastically alter the way marketers view social media.

5. Use internet productively!

Most of the people today stay connected majority of the time. Whether they are on their phone or laptop, the chances of them scrolling through Facebook feeds and jumping from one tab to another are high. Why idle around when you can make use of those times earning money? Don’t just be online shoppers. Cross the line and start your own ecommerce site to secure your financial freedom. Remember, success doesn’t happen overnight so why not start now?!