The goal of New Year’s resolutions is to break bad behaviours. Making improvements to your health. Self-discipline. Self-improvement. Increasing your happiness. But why do these kinds of resolutions have to be made on January 1st? Why not recognize undesirable habits and break them as soon as possible? You certainly can according to Unidays Josh Rathour. In order to expand and develop your firm, you should promptly identify and eliminate negative entrepreneur practices. It’s easy to fall into negative habits, especially if you’ve been doing them for a long time. Here are nine classic terrible business behaviours to avoid, whether you’re a seasoned entrepreneur or a recent graduate.
Procrastinating And Mismanaging Your Time Are Biggest Roadblocks As Per Unidays CEO Josh Rathour
You have a list of tasks that you need to complete. But, hey, isn’t that what tomorrow is for? Maybe until you discover that all 57 of the tasks you’ve put off must be completed at the same time. Procrastination is more common in certain persons than in others. People who are indecisive, perfectionists, or easily distracted, for example, are more likely to procrastinate than those who aren’t. According to one survey, 20% of adults procrastinate on their tasks on a regular basis. It can be tough to stop the habit of procrastinating. However, as an entrepreneur, putting things off can lead to greater problems in the future as per Unidays Josh Rathour. Improve your time management skills to help you put a procrastinating habit behind you.
Being an entrepreneur necessitates good time management. You’re juggling a million things while also attempting to develop your firm. Working long hours may also not be a viable long-term solution. If you have a habit of mismanaging your time, now is the moment to break this terrible behaviour. Begin with the most basic of duties. They may, in fact, be required. However, you may be mismanaging your time if you spend too much time doing things that could be done faster. Fortunately, mismanaging your time is a bad habit that you might be able to breakfast. As an entrepreneur, there are three strategies to assist you in better manage your time: Employees should be given tasks to do. To simplify chores, take advantage of software and other resources.
Micromanaging And Stretching Yourself Too Thin Should Be Avoiding As Per Unidays CEO
Do you have a tendency to micromanage? Whether you micromanage contractors that come to your house to patch things up or people at work, you’re probably aware that micromanaging is a trigger word. Nobody wants a micromanager in the office. Micromanaging, on the other hand, is one of the most common poor behaviors among entrepreneurs. Because your company is your baby, it’s only natural that you want to be in charge of every element of it. However, if you want your employees to be more involved, you might consider reducing your micromanagement inclinations as told by Unidays Josh Rathour. Micromanaging, on the other hand, can become harmful if you grow fixated on keeping things in a certain order. Do you tend to say “yes” to everything? How about pushing yourself to your boundaries in order to complete all of your tasks? You’re undoubtedly prone to stretching yourself too thin as a business owner. Wearing a million hats is an unavoidable part of being a business owner. When you’re passionate about something, you want to put in the effort to see it succeed. However, if you work too hard, you risk losing your motivation and becoming stagnant. So, the next time you’re planning to work a 90-hour workweek for the tenth week in a row, take a step back and consider what you’ll need in the long run.
Multitasking
You’re in the middle of extracting data from your financial accounts when it all goes wrong. You get an email that you need to respond to right now. It will take 30 seconds to respond, after which you can resume your data collection. Isn’t it innocent enough? Well, not quite. Multitasking is a negative habit for many people that can waste up to 40% of their productive time. You might lose your train of thought and make mistakes if you have to flip your thoughts from one work to the next. And who knows if you jumbled up the information and emailed someone one of your data sets in our made-up scenario of responding to an email and obtaining data from your financial records at the same time. It’s easy to get stuck in your ways in life and business. The more you do things a specific way, the fewer chances you take. Risk-taking, on the other hand, is one of the most important aspects of corporate growth. You may encounter a lot of negative consequences if you become fixed in your ways. You may struggle to adjust to new conditions, be reluctant to take risks, become rigid, and refuse to listen to others’ suggestions.
Disorganization is a poor habit that can develop in any situation. Disorganization can lead to poor time management, multitasking, and procrastination, whether it’s filed on your computer or papers in your office. Recognize these three negative habits from earlier. Getting organized may take some time and effort, but it will save you time and frustration in the long run. Do you have a job that requires you to work a lot of hours? Do you skip meals in favor of on-the-go snacking? Do you get a four-hour night’s sleep on average? Your health is your most valuable asset. Putting your health on the backburner could cost you not only money in the form of medical expenses, but also in terms of productivity. You may believe you have no choice but to put your health on hold for the sake of your business. But in reality, you’ll end up putting your health and your business at risk. You can put your health (excellent sleep, a healthy diet, exercise, and relaxation) ahead of your company’s success. It’s all about planning in business. You must consider the big picture for corporate success, from business strategies to purpose and vision statements.
When it comes to your business, failing to plan is a terrible habit that extends beyond being unprepared. If you don’t set plans, you risk trapping your company in a state of stagnation. By doing a little bit of planning each day, you can break this negative habit. You could, for example, make making to-do lists a part of your daily entrepreneur practice. It’s a basic technique that can become habitual, and then planning for additional scenarios can become routine. An entrepreneur can only go so far with traditional education. Successful entrepreneurs take charge of their own education, understanding that just because they have completed their official education does not mean they must stop studying. There are different methods to learn, and not every entrepreneur will benefit from the same approach. So go ahead and pick up a book, read an article about the startup process, listen to a podcast, whatever it takes to get to the next level.
A passionate Digital Marketer, specialized in SEO & ORM. I have spent over four years as a SEO consultant, working with brands across the world to deliver results from their marketing campaigns. Like you I have many goals and passions. One of my passion is to outrank competitor’s site for my clients. I do this through creative approach to Digital Marketing and Design. Currently I am the Chief Marketing Officer for a Singapore Based Import Export firm.
A 46-year-old German man, Cagdas Halicilar, is currently the talk of the town as he has emerged on the internet as Jeff Bezos’ lookalike.
Thus, Cagdas Halicilar has transformed his profession into a professional Jeff Bezos doppleganger from an electrician.
The 46-year-old reveals that now he lives an opulent lifestyle as an entrepreneur.
Advertisement
Cagdas Halicilar was often told by his family and friends that his looks were similar to those of a billionaire. However, only when he saw Jeff Bezos’ picture, did he understand what people around him meant.
The New York Post reported that Halicilar dreamed of becoming a successful business executive. With him founding CB Transporte, a transport company, he lived his dream.
After accepting his resemblance to Jeff Bezos, Cagdas Halicilar enrolled himself at a doppelgänger agency.
Advertisement
Cagdas Halicilar Gained Popularity by Being Jeff Bezos’ Lookalike
Most of the time, he dressed up in casual attire which made him look more like a billionaire, as Jeff Bezos also dressed up casually.
Halicilar added, “It doesn’t matter whether I’m wearing a suit or wearing jeans and a polo shirt.”
He added how it requires a bit of effort to maintain his appearance like a billionaire. He shaves his head and applies Nivea cream regularly. The German doppleganger added that he has been doing the same for more than ten years now.
Advertisement
The 46-year-old has gained a lot of popularity and recognition over the years for his work as Jeff Bezos’s doppelgänger. His spouse complained that people often stopped him and asked for selfies on the street.
In the “King of Stonks,” the German Netflix miniseries, he also had a guest spot.
When in Seattle once, Cagdas Halicilar strolled through the Amazon campus. Surprisingly, Amazon employees thought that he was Jeff Bezos, reported TimesNow.
Advertisement
He said,
“All the Amazon employees came to me, wanted selfies and thanked me for being proud to work at Amazon.”
Furthermore, he added,
“My wish is to drink a whiskey with Jeff Bezos on his yacht. He is just as much of a yacht fanatic as I am.”
A North Texas movie-goer has filed a lawsuit over Plano-based Cinemark drink sizes.
The lawsuit alleges that the movie theater chain fleeced its customers by shorting beverages sold in the chain’s canteens.
The chain loudly advertised that the 24-ounce container is a better deal, claiming consumers will get more for less price, while the reality is that Cinemark swindles customers by shortchanging them on sales for the 24-ounce beverage cup.
Advertisement
Cinemark Accused of Shortchanging Customers on Beverage Sales
The proposed class action lawsuit has been filed in a Texas federal court and it indicts the movie.
The lawsuit further details how consumers got only 22 ounces of liquid, which is the maximum that can be filled in Cinemark’s 24-ounce cups.
It is alleged that the deception was part of a deliberate packaging and pricing practice.
Theaters pay almost 50% of the revenue generated by ticket sales to the studios but keep all the profits generated by the sales of food and beverage.
Increased competition has pushed the chain to offer concessions and bonuses, and this helped Cinemark in 2023 to record its highest concession sales of all time.
Advertisement
However, the lawsuit alleges that Cinemark dupes its customers by shortchanging them on sales for the 24-ounce beverage cup instead of the 20-ounce beverage cup.
The reality is that consumers pay less for a 20-ounce cup, which is also a better deal than buying a 24-ounce beverage cup.
The complaint stated,
Advertisement
“The size of the container in relation to the actual volume of the product contained in it was intended to mislead the consumer into believing the consumer was getting more of the product than what was in the container by a twelfth.”
The lawsuit was brought by Texas resident Shane Waldrop, who purchased a 24-ounce beverage cup in February which cost him $8.80 before tax.
However, on closer look, he realized that the cup was not large enough to hold 24 ounces. This was confirmed later when Shane took the cup home and found that it could contain only 22 ounces of liquid.
Thus, the consumer was duped 2 ounces for every cup he bought.
Advertisement
The lawsuit charged the movie theater chain with neglectful falsification, deception, unjust profiteering, and a violation of Texas’ Deceptive Trade Practices Act and asked for a court order to halt such practices.
Waldrop is seeking compensatory damages and also demanded a jury trial over the claims.
It is Mukesh Ambani’s 67th birthday, and today we will try to get to know about the incredible journey of this man who, with sheer determination and grit, has created one of the biggest conglomerates in the world.
Reliance Industries, which passed into his hands in the 2000s, grew at a pace which was phenomenal.
Born on April 19 to Dhirubhai Ambani and Kokilaben in Aden, Yemen, where his father was based before moving back to India.
Advertisement
Reliance Industries was already a big company, but its growth after Mukesh Ambani took on the reins was phenomenal.
With astute business acumen and strategic vision, Ambani has propelled Reliance Industries to dizzying heights, making it one of India’s most powerful empires.
It was under his stewardship that Reliance Industries diversified from being a petroleum company to enter other fields like Telecommunication and the Aerospace industry.
Advertisement
The 5G revolution, which has swept the country, is largely due to the efforts of Mukesh Ambani and his company Jio. Jio offered high-speed and cheap internet services to the farthest corners of the company, and this helped it to capture a major chunk of the telecommunication sector. Today the nation’s population is using internet data in an unprecedented way.
Another diversification move was the entry of Reliance Industries into retail, energy, petrochemicals, and media. Reliance also acquired and invested in Future Group’s retail assets, as well as the creation of JioMart, an e-commerce venture.
Reliance also entered into a partnership with the Indian media company Viacom18 and the American entertainment giant Disney to create a joint venture, valued at $8.5 billion. The venture also gave exclusive rights to Reliance to distribute Disney productions in India.
Advertisement
It is his futuristic vision which catalyzed Reliance Industries to invest heavily in the renewable energy sector. The company has built solar and wind energy farms and is contributing in a big way to help India achieve its renewable energy targets while lowering carbon emissions and environmental impact.
Again, it is his futuristic views which made him create the Jio Institute, which is a truly world-class educational institution dedicated to cutting-edge research and technical improvement. The stated motto of the institute is to help develop future leaders and innovators who will help the country grow to become a developed nation in the coming decades.
The phenomenal growth and success of Reliance Industry can be attributed to Mukesh’s keen sense to anticipate market trends, evolve as per changing consumer preferences, seize emerging possibilities, and produce products and services of the highest quality.
Advertisement
As of April 19, 2024, according to Forbes, Mukesh Ambani’s net worth is to the tune of $115.8 billion, and he is ranked one of the top 10 wealthiest people in the world on Forbes magazine’s annual list of billionaires in 2021, 2022, and 2023.
