Tag Archives: successful

5 ways to increase your earning potential as an entrepreneur

20 Jul

In previous posts I established the limitations of self-employment and the restrictions it can have on your earning potential.

But the question is…how can you increase your earning potential as an entrepreneur?

Delegation

First up is delegation. Having people work for you not only helps to spread the work load but allows your business to reach a wider range of people. Bringing people on board to work for you gives you more time to focus on working ON the business, rather than IN it!

Systems

Now that you’ve taken yourself out the equation you can replace it with systems. Creating a system is a great way to ensure your business remains running even when you’re not there. The success of the business is no longer solely reliant on you, it is now reliant on the system. This ensures that your business can be run and managed by anyone. This is advantageous because it helps to create continuity.

Distribution

If done correctly, distribution can take your business from 0 – 100 ! If you have a product your main aim should be to put it in front of as many people as possible. That way it increases your chances of sales. No matter the idea or product, with the right marketing and distribution your business can take off! Obviously it takes a lot of hard work but when you look at the examples of successful businesses you can see they have mastered the art of distribution e.g McDonald’s.

Ownership

This way is more for the creative ventures such as writing, painting, music etc. By creating a unique product which you claim ownership over, means you have the right to sell this on for profit. This means that even after the original effort has been completed you can still benefit from the work you put in. For example, writing a book may take you months or even years to complete but if written well, could provide you with regular income for years to come.

Repeatable services

Creating a business that requires your client to come back month after month will help provide your business with a steady income stream. For example, monthly subscription services are a great way to gain that commitment from customers. It not only provides customers with a guaranteed service but it also helps stabilise business income. Gaining commitment from customers through direct debits is desirable to help generate a regular income for your business.


So there you have it! 5 ways to get you thinking about increasing your earning potential as an entrepreneur. All of these suggestions can contribute to your set up for a lifetime of residual income.

Please share any more tips below!

Natalie

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Ambitious Women; Let’s hear from Jackie

18 Jul

Name | Jackie Taiwo

Tell us a random fact about yourself | I taught myself to play the piano when I was 12 and was pretty good for a few years, but I haven’t touched a piano in over a decade now.

What is your current occupation? | I work full time building my new business, Melariche (www.melariche.com), an online makeup & skincare catering to women of colour. On any given day, I may be working on web design, marketing & sales strategy, brand curation, operations management, social media…the list goes on and on. We launch in August, so everything is super busy, but it’s so fulfilling to work on a project that you’re passionate about and believe in.

Melariche---ORIG---logo

Would you class yourself as an ambitious woman?| Most definitely. I’m always in pursuit of a goal I’ve set for myself whether that be in my personal life or career related. What’s interesting though is how I have been able to jump onto new opportunities without looking back. I studied engineering college, but decided to work in corporate finance after graduation. After working a few years, I then decided to pursue a joint law-business graduate degree (thinking I would move into business role within the entertainment industry), and by second year of grad school decided I just had to leave the country and was hired by an international law-firm willing to relocate me after graduation. I was able to transition at each stage because I did not believe my path was limited by my current experience at that time. And I think having ambition is being able to see a vision for yourself beyond what society or your environment says you should do.

Have you always been ambitious? If not what was the turning point for you? | I think my ambition was engrained in me early by mother, who passed away in 2002. My mother was born in the deep south in the height of Jim Crow (quite literally born on the land her grandparents were enslaved on), but she was not someone who let her circumstance limit her vision. At 19, single and pregnant, she moved to the New York by herself to give her family more opportunity. She worked hard, got married and was able to buy a home with ten years. Fast forward to 1981, five kids later, a single mother now, she decided to get her bachelor’s in nursing while pregnant with me and graduated with a degree from one of the best nursing programs in New York. I watched her step up in the community whenever it was needed. Our local HeadStart program needed a bus driver to take local kids (including myself) to the school. With six kids, a full-time job, she made to time to volunteer to drive that bus. I can name countless instances where she was first in line to help those in need. Like so many black women, she all did this without seeking recognition and was not incredibly vocal about her achievements. I doubt she would have even called herself ‘ambitious.’ She did what she thought was necessary to provide for herself, her family and her community. But her ability to see & create opportunity has had a big impact on me. She did not let her struggles define her and that’s a powerful mindset. In my toughest times, I think this type of ambition has been so powerful in motivating me to push on.

Jackie 2.jpg

What is your biggest achievement to date? | My 4-year-old daughter has to be my biggest achievement. She’s beautiful, super smart and headstrong. Outside of that, I would say quitting my job as a corporate lawyer after 5 years. Yes, quitting was a huge achievement for me. I was so unhappy and not living in my purpose but I was incredibly afraid to quit. Overcoming that fear was huge feat and I’m so proud that I was able to do it. Fear can really cloud your ambition, so letting that go was a major step for me and has allowed me to progress to where I am today – one month away from launching Melariche!

What is your long term vision for yourself? | My vision is massive. I want to grow Melariche into a ‘Sephora for women of colour’ and really shake up the beauty industry which has ignored women with darker skin for far too long. I want to eventually build Melariche stores all around world. Our tagline is ‘Celebrate Your Beauty’ because our brand represents beauty in all colours and sizes. Women are constantly told that they need to a look a certain way in order to be beautiful or to be successful. I want to challenge that notion by encouraging women to look however they want, wear whatever makeup they want, do their hair however they want, and that’s okay and beautiful because it’s YOU and you have been and will always be enough. Live life on your own terms and break the mould!

It’s also incredibly important to give back and I’d like to start a program that empowers vulnerable women to see possibility beyond their immediate struggle and pass on the mindset that my mother gave to me.

What have you sacrificed or willing to sacrifice to achieve your vision? | I’ve given up a lot of my time. I work on Melariche in every free moment because there is always something to do. The to-do list never ends. This unfortunately means I struggle to be present when I’m with my daughter and husband, and at times I’m afraid I won’t feel the effects of this until years later. But my husband is incredibly supportive and every day I block out time that is just for me and my daughter (working on putting the phone down!).

What advice can you give to other ambitious women that want to pursue their dreams but are afraid to do so? | Optimism. Remove the word “can’t” from your vocabulary. The power of being positive cannot be understated. Talk about your vision confidently – even if you don’t have the resources – focus on what you can accomplish and make a growth plan and believe in it.

Also, I think it’s important to pause and set aside a few days to literally write down your 3-year or 5-year plan, whether it’s for your business or career.  Write down what you want to achieve and be as detailed as possible about how you’re going to achieve it – force yourself to be realistic, take note on your strengths and include a plan to work on your weaknesses. Have someone you trust read it and to help determine if the plan you’ve set out will actually get you the results you seek. Also, write down contingencies for each stage, knowing that even if you execute your plan perfectly, sh*t happens beyond your control requiring you to pivot. But when that time comes you’ll be prepared because you know there’s a plan B.


 

Want to hear more from Jackie?

Follow her on Twitter Instagram Facebook

Website: www.melariche.com

*** 

Are you ambitious? business minded? or pursuing  your passion?

Want to be apart of this series? Express your interest by emailing quietlyambitious@hotmail.com or messaging here  


 

Ambitious women; Let’s hear from Sarah

26 Jun

Name: Sarah Abdullah                                                  

Tell us a random fact about yourself: They call me crazy but I don’t care

What is your current occupation? Network marketer business owner

Would you class yourself as an ambitious woman? Yes

Have you always been ambitious? If not what was the turning point for you?

I have always been an ambitious from an early age yet what I found was that I was walking the wrong direction from being a 9-5 job role straight after university. I tried many businesses while being in the 9-5 after university but what I struggled with was finding the right idea which would make me financially independent to fulfil my big dreams. Once I was introduced into network marketing it then allowed me to find a business which provided ‘financial freedom’ having both a combination of time and money which I found incredible.

I have also learnt how  to grow as a person through massive personal development, my mindset, desires and whys is very strong, I know the goals that I want to achieve in the next 5 years due to by business. Personal development has changed my whole life around. Not only is my business going well but my relationships with family and friends have become stronger and healthier too due to understanding the psychology of the way people think, behave and act.

What is your biggest achievement to date?

All my learning has been developed from the businesses I’ve started and had to take massive action and make scarifies most young 20 year olds would not do. The most rewarding achievement to this date is  now is teaching business partners everything I know. Teaching others and helping others succeed is very rewarding.

What is your long term vision for yourself?

My long term vision to to accomplish all my why’s and give back to my family, I am very blessed and humbled that my family have been there for me from day one and provided me with everything that I have. I never came from a rich background but my family have always got my back when I have been in trouble!

3-5years time I will be financially free willing all goes to plan. With the wealth I generate I will be investing in properties minimum 2 a year which will include a family business that I will be franchising globally.

I have had much inspiration from multi billionaires and multi millionaires that I have read into and they have inspired me to give back! I would want to eventually in the next 10 years own my own charity helping those in 3rd world countries. Theres a huge world out there and there is nothing better than to help those who are unfortunate as they need help and I am willing to make sure I give back! Generosity comes first in my books and always will but it is better to be generous to people in need to those who aren’t.

What have you sacrificed or willing to sacrifice to achieve your vision?

I am willing to sacrifice absolutely everything and I have already scarified everything.

I have sacrificed working full time to focus and achieve my goals. I was always a person who had a job and always was always spending money as I enjoyed to. Since leaving full time work financially it has been a challenge for me as no business takes off at the start so I had to learn how to budget my finances which meant seriously no over spending! My inner circle of friends that know me very well have always known me to be a socialite but since this business I have stopped:

  • going out every weekend,
  • stopped eating out to nice restaurants,
  • stopped going to the gym 5 times a week,
  • stopped spending on holidays,
  • I gave up my shopping addiction,
  • stopped wasting time with negative people.

If I was going to pursue the journey I wanted I would need to change everything so my,  environment is no longer negative people which includes negative friends, I stopped wasting my money on nights out every weekend, I stop falling into gossip and rubbish TV dramas and sitcoms and I no longer listen to the news.

Now my circle of friends is held in one hand and these are people I aspire to and what to be like. They always say be friends with people that inspire you and dream bigger than you and I am proud to say I have this circle now. I have business meetings everyday, trainings 4 times a week, attend business events twice a week and read everyday while travelling and at home 30mins /2hours a day on average. Home cooked meals and packed lunch is my normal routine now, I gave up the luxuries of going to bars and clubbing in west end london.

All the changes and sacrifices I made was so worth it! I am so much happier as I have the freedom to do as I please. For months of struggle my dreams are starting to pay off from this month :). You fail your way to the top, hard work will then make your successful but you will fail so many times within your journey before success is rewarded at the to the key is to persist until you have won!

What advice can you give to other young women that want to pursue their dreams but are afraid to do so?

Always have a why don’t make your why about yourself make it about someone else and something so passionate that when you think about it you will cry. If you why doesn’t make you cry then it is not strong enough and you will quit! Passion and a burning desire is what makes peoples dreams come true so your why  is very important! Write it down and look twice a day when you wake up and when you sleep at night!

NEVER LISTEN TO PEOPLES LIMITED THINKING AND BELIEF SYSTEM! Why listen to peoples opinions their opinions don’t make you money and don’t make your ambitions come to light! Be around people who believe in you!

Always write down your goals, the goals you want to achieve , write the date, write the money you want to earn and what you will do with that money. Yes a date is included but never dishearten yourself if the goal is not met by that date as success should not have a time limit make sure you keep working until that goal is achieved.

Persist persist and persist Thomas J Edison failed more that 10,000 times when creating the light bulb remember the greatest ideas come for continuous persistence!

Always educate yourself to books like: rich dad poor dad (Robert Kiyosaki) , Think and Grow Rich (Napoleon Hill), Magic of Thinking Big (David J Schwartz) and the list goes on.

Remember ‘FEAR’ and ‘DOUBT’ is what stops people from achieving their dreams, don’t let those thoughts stop you from achieving your passion.

“The Ambitious Man”; Ladies, can you really handle one? Part 1

24 Jun

This is part 1 in the series of “The Ambitious Man”. This series will be posted every Wednesday for the next few weeks. We will cover topics on what it means to be an ambitious man, what it’s like to be in a relationship with one and a few real life examples of young ambitious men.

But before we go on make sure you click that FOLLOW button so you receive posts straight to your inbox.

Time to be honest with yourself ladies. Can you really handle an ambitious man?

I may be very traditional in my thinking but I believe most women want to be looked after. Women want to be protected and cared for. They look for partners that can provide security and stability. Whilst some men have already made it, there are still plenty of young men out there trying to make it! These are the ones possibly with no job, no income but are still aspiring to be the next president, world class footballer or multi award winning singer.

I’m sure we can agree that being ambitious is a desirable trait. Women like the the idea of having a successful partner. But ladies, have you really considered what it would be like being in a relationship with one?

Before you answer that question we need to understand what I mean when I use the term “ambitious man”.

Ambitious men have unhealthy obsessions 

An ambitious man is someone that has a desire for some type of achievement. This can be evidenced through power or wealth. Make no mistake here, it is NOT based on their current situation. It’s based on their mindset. Even if this man is the lowest paid employee of the company but has the desires and dreams of becoming a business owner and is taking measured steps to get there…that is an ambitious man!

The main characteristic of an ambitious man is their unhealthy obsession with success. They have a persistent desire to be the best. It consumes their lives. So if it means spending extra time practicing his skills or developing an idea that’s what he will do.

When he’s truly ambitious; first place is his only option!

Ambitious men are too busy for you

But being with an ambitious man requires a lot of sacrifice. Let’s look at some examples of highly successful men.

Howard Schultz (CEO of Starbucks) – works 13 hour shifts each day and comes home and does more work

Tom Ford (Fashion Designer and Director) – Sleeps only 3 hours a night. The rest of his day is spent working on his business

Jeff Bezo (Amazon CEO) – In the early days at Amazon he worked 12 hour shifts 7 days a week.

Michael Jordan (NBA Legend) – Spent his time off the court practising hundreds of jump shots a day

Ryan Seacrest (American idol host) – hosts a radio show, runs a production company while appearing on E! tv channel!

From these few examples, the one thing that is striking is the amount of time they put into their work. Working 12 hour shifts doesn’t leave much time for date nights! The majority of their time is allocated to their unhealthy obsession with success!

Now an ambitious man may seem attractive at first because they are more likely to end up having the money, nice car, big house etc. However, the realities of being in a relationship with one may leave you thinking it’s not worth it.

Ambitious men don’t need emotionally unstable women 

So before pursuing an ambitious man check that;

a) you’re secure and emotionally stable

b) you have your own vision

c) you’re willing to do whatever it takes to support your partner

There is no room for needy and emotionally unstable women in relationships with ambitious men. You may spend a lot of time apart. So you need to be prepared to allow them time to focus on developing their craft. Time wasted on petty arguments and bickering will only inhibit your partner’s potential. You’ll need to look past your own insecurities and try to understand your partner’s vision. You’ll need to think of ways that can help them achieve their goals.

Ultimately, an ambitious man needs someone that is supportive and understanding of their vision. Your relationship may be put on hold because your partner is pursuing their dreams. Things such as date nights and holidays may have to take a back seat when pursuing dreams. But if you’re able to believe wholeheartedly in your partner’s dream then you’ll support them in the best way possible!

Be prepared to live a life of sacrifice 

If you’re attracted to ambitious men then be prepared to live a life of sacrifice. Pursuing dreams is not a quest for the tame. It involves a lot of commitment, risk and sacrifice. But ask yourself these three questions.

Are you willing to support your partner wholeheartedly?

Would you give up on your own dreams to help your partner achieve theirs?

Do you have enough character to put up with the challenges that come with dream chasing?

Make a mental note of your answers or comment below.

Remember to “Like” our Facebook page. Come back next Wednesday for part 2 where we will look at examples of the wives of successful men.

**This blog series has been inspired from my own personal experience dating an ambitious man for the past 5 ½ years**

Natalie