Surving Your First 1000 Days in business : The Hustle Zone

by | Aug 31, 2020 | Blog, Inspiration, News, Tips | 6 comments

When the honeymoon period ends, you’re left with hustle. (No-one ever said building a business was easy – for good reason). We consider this the ‘make or break’ phase – where the rollercoaster of ups and downs feels daily, and the myth of entrepreneurs in stilettos drinking champers is well and truly busted. The hustle zone is Day 334 to Day 666.

Typically in this phase, you’re asking yourself “what the F am I doing” on a regular basis (probably while sitting on your couch alone at 2 am in the morning with a glass of red wine in hand). This is when your commitment to your vision, your audience, and your future is put to the test. You might be tired… but you KNOW that it will all be worth it at the end (and it is!).

Energy

Stay firmly centered on your vision – when it feels like the world is
challenging you, you need to come back to your why. Implement practices (could be a vision board, a repeated purpose statement, or journaling) that allow you to find inner calm and clarity, amidst the crazy, ever-changing outside world. A quote we live by at Future Females is – “be committed to your destination, but agnostic of the approach”. If something you’re trying is not working, know this is not a sign that your business won’t work, but rather that you just need to take a different path.

Time

Focus on the HIGH-VALUE tasks – often at this point, you’re not getting to the bottom of your to-do list every day, and so you must be spending your (very limited) time on the tasks that drive value (i.e. revenue) for your customers and your business. Park the coffee dates, ease upon (or delegate) your admin, and make a ‘not to do list’ for all the exciting new ideas that you KNOW will only serve as a distraction if you give them headspace at this time (you can always come back to them later!).

Relationships

Invest in yourself & your team – your business will only grow as fast as you do, and so now is the time to invest in yourself and your capabilities. Knowledge is a muscle you need to practice, that when repeated, becomes a skill. You need to have an understanding of the different elements of your business and be skilled in four-five strategies, but you will never master EVERY aspect, even of your own business. To seek out those who have mastered the skills you need, and bring them into your fold, your community, and onto your team.

Money

Get familiar with profit (over revenue) – It’s easy to focus on the top-line revenue, but you need to look at your holistic profitability – it is a profit that you reinvest for growth, month on month. It’s important to understand this metric – what levers you can pull to maximize your profitability (i.e. to increase revenue and/or decrease cost). You should get to know which of your products or services are most profitable (it’s typically 20% of the products driving 80% of the value), and focus there.

We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes – understanding the failure is not opposite of success, it’s part of success.

– Arianna Huffington

6 Comments

  1. Steven

    It is really beautiful watch and I really enjoy wearing it all the day but it’s little bit heavy

    Reply
  2. Nancy

    Awesome…

    Reply
  3. Emilia N

    That’s very grateful

    Reply
  4. Emilia N

    Thanks a lot,, that’s is very nice

    Reply
  5. Emilia N

    That’s resourceful

    Reply

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Surving Your First 1000 Days in business : The Hustle Zone

by | Aug 31, 2020 | Blog, Inspiration, News, Tips | 6 comments

For many years now, the Millennial workforce has been consistently changing the way we work in more ways than one. As noted by NBC News, aside from raising awareness over various topics such as employee and workplace well-being, work-life balance, and flexibility, this new generation of professionals has also made it the norm for managers and company leaders to provide a steady flow of feedback.

  

This reality has eventually led to the emergence of hundreds of millions of resources on the different ways to give effective feedback. Unfortunately, the same cannot be said about being on the other end: there just isn't enough information out there on how to receive feedback well. That being said, here are six tips that can help you get the most out of all the feedback you receive:

1. Handle your emotions offline 

We can't help it if certain comments make us feel certain ways -- we're only human after all. However, your emotional response is yours and yours alone to deal with. To ensure that you are capable of addressing every piece of the feedback with determination and an open mind, get negative emotional reactions out of your system through simple breathing exercises.
An article by Pain-Free Working explained how exercises like deep breathing, the 4-7-8 breathing technique, and the lion’s breath technique can help release tension in the head, promote relaxation and improve your mood in just a few minutes.

2. Identify good intentions 

Taking in criticism or feedback can be hard -- no matter how meaningful, constructive or true it may be. However, it is something you must overcome in order to become better at receiving feedback. Again, you have to remember that the person giving you an evaluation isn’t out to get you and intentionally hurt your feelings. They are there with the intention to help you see points of improvement.

3. Actively listen

Whether you are listening to a talk or participating in a class, the only foolproof way to learn as much as you can is by listening actively. This undeniable truth also applies when taking in feedback. When the other person is sharing his or her feedback with you, make sure to listen closely. Let the person share their complete evaluation, without interruption. Avoid analysing or questioning each and every comment, and instead, focus on trying to understand what the other person means and the perspective they are coming from. Once they are done, The Muse suggests repeating back the comment to ensure that you got everything right.

 4. ASK QUESTIONS

In addition to repeating the other person’s comments, it would also be in your best interest to ask questions if there are parts that you weren’t able to fully grasp. Asking questions will not only show how willing you are when it comes to understanding their assessment. This simple act can also help you have more clarity, get to the root of the issues raised and have access to some possible solutions for addressing said issues.

5. Learn from each feedback

Even if the feedback you’ve received is unfavourable, there is surely still something you can learn from it. Just like how you would try to ‘Overcome Failure’, ask yourself why you got such commentary. Then, use that knowledge to further improve your work and to ensure that the next feedback you’d get will be much better.

6. CIRCLE BACK

As the old saying goes, actions speak louder than words. With that in mind, after making sense of the feedback you've received, make sure to work on the items mentioned and issues raised. It would also be a good idea to circle back with them to see how things are going from their perspective. Doing so will not only strengthen your relationship with them, but also provide you with an opportunity to get more feedback.

Feedback can be thought of as two-way streets. Meaning to say, in order for it to be as effective as it can be, the giver should know how to offer meaningful comments while the receiver should know how to receive assessments well.

6 Comments

  1. Steven

    It is really beautiful watch and I really enjoy wearing it all the day but it’s little bit heavy

    Reply
  2. Nancy

    Awesome…

    Reply
  3. Emilia N

    That’s very grateful

    Reply
  4. Emilia N

    Thanks a lot,, that’s is very nice

    Reply
  5. Emilia N

    That’s resourceful

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *