How Ultra-Successful Entrepreneurs Turn Failure Into Success (and you can too)

How Ultra-Successful Entrepreneurs Turn Failure Into Success (and you can too)

If you’re having an off day, living through a disaster, or facing something in between, take comfort in the fact that some of the greatest have had it worse, and then bounced back to become more even more successful. Learning from your own setbacks is extremely important, but there are powerful lessons to be learned when you examine what worked (or didn’t work) for other entrepreneurs. Without further ado, here are some of the best and the brightest, the setbacks they encountered, and the methods they used to turn lemons into entrepreneurial lemonade. Michael Bloomberg Michael Bloomberg is a business magnate, three-time mayor of New York City and a highly successful entrepreneur, but it wasn’t always that way. In his younger days, he suffered a huge setback when he was laid off from Salomon Brothers. Instead of letting the layoff get the best of him, Bloomberg said, “In business, when you fail at something, when something doesn’t work, you say okay, we’ve learned that that’s not a path to go down.” He turned the Salomon Brothers “failure” into a business success lesson. He used all of the financial knowledge from that job to start Market Master, which eventually became Bloomberg LP. Bloomberg became the seventh richest man in the world as a result. You can follow a similar path. Did a project go wrong? Learn from those mistakes to make your next project a great one. Fired from your job? Use the experience to get a better one. No matter what setback you suffer, it’s not a failure if you learn something from it. JK Rowling Before becoming richer...
Ditch These 5 Bad Work Habits to Immediately Improve Your Life

Ditch These 5 Bad Work Habits to Immediately Improve Your Life

When it comes to our careers, we usually focus on getting our tasks done, and if there’s time left over, we try to pick up some new positive routines. While we’re huge proponents of getting stuff done and creating good habits, this approach ignores the bad work habits that could be holding you back. Your net success is determined by what remains when your bad habits are subtracted from your good ones. By noticing the negative aspects of your day-to-day life, you’ll drastically improve it. We won’t keep you in suspense – here are some of those bad work habits you can drop today to immediately improve your life: Start having sloppy writing.  If you aren’t in a role that involves a lot of writing, this communication habit probably doesn’t seem like big deal. Harvard University research, however, says otherwise – they found that writing is one of the most important skills in any career. It can boost productivity, strengthen leadership, and even improve your chances of a promotion. Bad writing, on the other hand, results in the opposite. You can stop one of the bad work habits right in it’s tracks by devoting time to your writing. Consider double-checking your emails before sending them off, and ensuring they use clear and error-free language. If you want more concrete ways to improve you writing, check out my article on Stephen King’s expert writing tips. Stop saying ‘yes’ to everything. We’re all told that being agreeable and saying “yes” is polite and desirable, especially when dealing with a supervisor or manager. While that might be true during a dinner party, in the business world, it can...
The Secret To Your  Self-Motivation Lies In This Surprising Science-Backed Habit

The Secret To Your Self-Motivation Lies In This Surprising Science-Backed Habit

We can do anything we set our minds to. But sometimes it can feel like our brains are working against us when it comes to achieving our goals. Plans to learn a new skill, get in shape, or to save money and start a business, keep getting pushed back in the hopes that Future You will handle it “someday.” It’s a crippling behavioral cycle that can eat away at your self-motivation. In fact, in psychology, procrastination is classified as a form of self-sabotage. But there’s good news. While learning how to become self-motivated may feel difficult or nebulous, the potential solution is remarkably simple, according to Psychology Today and cognitive neuroscience. In their findings, a psychology professor at Harvard University, Ron Siegel, suggested that the key to following through on motivation boils down to this: bring optimism and fun back into the picture. This sounds a little hokey, right? After all, completing a term paper or your taxes isn’t exactly fun. While this habit seems anything but scientific, the neurological reasons behind it aren’t. According to the research, the reason we procrastinate on our ambitions lies in our primal psychology: “Our modern brains are still wired up for the ancient evolutionary purpose of surviving in a dangerous environment. Over a million years or so, we developed specialized neural structures that selectively tuned in to danger signals.” So when the time comes for us to create and be productive, instead of focusing on the pleasurable and rewarding aspects of obtaining our goals, our brains dwell on the anxiety and fear that comes along with doing something new or putting ourselves...
How to Replace Your Self-Doubt With Unshakable Confidence

How to Replace Your Self-Doubt With Unshakable Confidence

We’ve all had those paralyzing moments where our palms are sweating more than a marathon runner and our heart is hammering at a million times a minute. You’ve also probably bitten the bullet and pushed those feelings down just enough to get through a presentation or take on a terrifying new venture… only to have them pop up again next time. But what if you could tell that nagging voice in your head — the one that says “you can’t do it” or instills fear in your heart — to just shut up, right now?What if you could harness that relieved feeling after doing a presentationbefore you got on stage? Look no further than Harvard Psychology Professor and TED Talk star Amy Cuddy. She extensively studied why certain people are able to take more risks and have the confident demeanor that landed them more business deals and job offers. She found that everything from their body language to simple daily thoughts allowed them to rapidly evaporate fear in the moment and replace it with belief in their fantastic abilities. Her TED talk (which has been viewed over 30 million times) and book“Presence: Bringing Your Boldest Self to Your Biggest Challenges,” offeractionable and surprisingly easy steps to trick your brain to conquer your fears. Check out her advice on how to reprogram your brain to ditch fear and replace it with positivity and confidence: “Don’t fake it till you make it. Fake it till you become.” ― Amy Cuddy Early in her college career, Cuddy suffered a severe head injury in a car accident, and doctors said she would struggle to fully regain her...
5 Things You Need to Give Up to Be Happy

5 Things You Need to Give Up to Be Happy

Many of us put the pedal to the metal when it comes to seeking happiness. We seek new things and experiences to develop a positive outlook, thinking it will come “someday” – once we get that “must have” purse or land that new job. It seems counterintuitive, but your happiness is just as dependent on giving up things. Our routines are so ingrained that we fail to notice the negative parts that we can already shed. Instead of waiting, you can harness happiness and a winning attitude by giving up the negative aspects of your routine now. Take a look at these things you need to give up, and see how they impact your day-to-day attitude: Give up FOMO If you think being a successful entrepreneur means saying “yes” to every opportunity, you’re doing it wrong. The best entrepreneurs take smart, calculated risks instead of embracing every opportunity that presents itself. If the idea of passing up on these opportunities fills you with FOMO (fear of missing out), just take a tip from Sir Richard Branson. “Business opportunities are like buses,” he once said. “There’s always another one coming.” Rather than dwelling on the opportunities that pass you by, realize that there’s another one right down the road. Give up comparison “Comparison is the thief of joy,” Theodore Roosevelt once said, and he made a great point about being happy. Feeling competition from others is never beneficial. Hopefully, you’re already trying your hardest, and negative thoughts will never help you perform better. Stop waiting for praise from others I’m sorry to be the one to break this to you, but nobody will take the...