20 positive business affirmations for success

20 positive business affirmations for success

20 positive business affirmations for success

February 07, 2023

We all require some encouragement to get us through the day especially when something stressful happens. When negativity rushes, we have to stay positive and don’t let the negative thoughts ruin our life. Being a businessman and running a business is an even more stressful experience because there’s a lot of turbulence in the long run

In order to keep calm and reduce stress you have to incorporate positive business affirmations in your life.  When used appropriately and consistently, they can help prevent self-defeating thoughts from disturbing your mind. 

Simply choose some of the affirmations listed below, and say them out loud a few times each day. For example, repeat them as soon as you wake up or whenever you feel uneasy during the day, and also repeat them before going to bed. Try this for a month and see what happens.

20 positive business affirmations that every aspiring businessman should practice

We’ve put together a list of twenty positive business affirmations for success that should give you the positive view on life you need.

My business is a great success

This is an affirmation to help you feel great about your business. Every time you repeat it, be extremely clear in your mind about what success means to you. Enjoy the sensation of having already fulfilled achievement. 

I am confident in my ability to succeed in everything I do

We all struggle to believe that we are capable of success because many of us don’t have enough confidence.  If you feel like you don’t have enough confidence and self-esteem, get into the habit of repeating this affirmation.

Money, success, and pleasure come naturally to me

Many individuals believe that getting wealth, success, and happiness is impossible. If you share the same opinion, you’ve only adopted a viewpoint that contradicts the truth. Whenever you accomplish achievement, say this affirmation aloud.

My efforts have had an impact

All of us, aspire to believe that we have an impact, but occasionally we require some persuasion. With repeated usage, this affirmation will help you come to believe it.

Wonderful business opportunities are produced for me

Start saying this affirmation out loud, begin to believe it, and watch how opportunities start to present themselves to you.

I am capable of achieving any objectives I set for my business

Just repeat this affirmation to yourself as you concentrate on your yearly, monthly, weekly, and daily goals.

My earnings are consistently rising

Say this affirmation each time you think about your income, and repeat it each time you make any money.

I help people as I succeed

Many people hold the opinion that being successful is somehow negative or that it makes you a bad person. Instead, attempt to concentrate on how you might assist more clients as your company grows.

My enthusiasm for my company is evident in everything I do

When your enthusiasm for your company is evident, people will notice. You pull in the correct crowd. It’s amazing. 

I can bring in more of my ideal clients

As you repeat this affirmation, get crystal clear on who your ideal client is and keep them in mind. Repeat it each time your ideal client appears.

I can do sales with ease

If you want to succeed in business, increasing sales is crucial. You must have confidence in your sales abilities and ability to make sales.

My business enables me to lead a fulfilling life

In order to be truly successful, you need to work on developing both your perfect life and your ideal business. This statement acts as a reminder.

I get energy from my business

Your customers will notice if you are feeling worn out in your business. You want your positive attitude to spread to your clientele and you want them to have a good experience working with you.

My entrepreneurial ambitions are always coming true

What a powerful affirmation! Naturally, you want to attract the company you desire. Every time anything positive occurs in the business you want, say this affirmation again.

I appreciate every opportunity that comes my way

It’s crucial to seize chances when they present themselves, even if they don’t fully fit your preferences. This affirmation will make you more attractive to a variety of prospects.

I am grateful to everyone who has helped make my business successful

Success never comes to someone via their own efforts. In order to be successful both personally and professionally, you should always have people around you who will encourage you.

It’s okay to make mistakes, it’s part of the process

All of us make mistakes throughout life, that’s normal, and that’s how we grow. You’ve made a mistake, you’ve learned the lesson, and now move on. You don’t have to allow the mistakes you’ve done in the past to take control over you and determine your future.

I have the courage and the energy to move on

Sometimes things don’t go as we planned. In that case, all we have to do is to stay calm and be brave and move on. If you are stuck in the middle, just speak out loud this affirmation several times and you’ll be fine.

I can say “no” and set boundaries

As a business owner, sometimes you’ll push yourself or others through the limits to make a successful business, but in the long term, you and your team will end up burned out. To avoid this situation you have to set clear boundaries and say no very often.

One step backward is part of two steps forward

Sometimes you have to take one step backward when you face issues that you know there is no way you can solve them. Once you feel ready, you have to return to your business journey while being better informed and more experienced than before. And that’s how you make progress in the long run.

Conclusion

These twenty positive business affirmations are meant to improve your outlook on life and boost your productivity during hard times. Feel free to enjoy them rather than see them as a chore. Pick up some of them and start practicing them. Make it a habit of thinking about them and see how much your life and business career will improve.

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How technology is changing the logistics industry

How technology is changing the logistics industry

How technology is changing the logistics industry

February 06, 2023

Change is a part of our very life, it doesn’t only affect us as humans but also the society we are born in. Today’s world is completely different compared to what it was decades ago. The world is evolving and moving towards automation and is less interested in things that require human work. 

Technology is what leads our society to evolve. Various industries and businesses benefit thanks to technology that helps them provide good customer service and get good results. With superb technology, companies can form good strategies to make a substantial profit while saving a good amount of money and reducing competition. 

The logistics industry is one such industry that has been greatly impacted by technology. Let’s learn more about the logistics industry and how some of its areas are changing thanks to technological development.

What is the logistics industry

Logistics in layman’s terms is the management of complex operations in easier and more efficient ways. Logistics entails more than just delivering items to customers. Both digital and retail are part of a revolution that is changing the way we buy things. In eCommerce, good logistics can benefit both sales and the customer experience. The logistics industry uses cut-throat technologies to ensure successful business operations and the availability of products to customers.

Use of technology in the logistics industry

As in any industry, in the logistics industry, technology is quite widespread and has applications in all areas in order to increase productivity. Take a look at the six examples of how technology is being used to improve the working process.

Tracking system for shipments

Previously, customers used to book shipments, receive an estimated delivery date, and then be left in the dark unless they chose to call. Customers can now access shipping and tracking systems around the clock thanks to technological advancements like the internet and software. This improves the customer experience but also saves the firm time and money.

It enables users to track and monitor their shipments. It provides shipment and message notifications, customized reports, and customer accounts with information about the consignment assigned to them. These systems improve the overall user experience.

Use of automation or AI

Automation is the practice of utilizing software data to boost machine efficiency to produce the best outcomes with high precision. The use of automated tools in various businesses is slowly becoming popular. Warehousing, return management, and supply chain is already employing technologies powered by automation or AI in the logistics business.

AI is useful in modern logistics as it can help plan and predict product routes, as well as determine the most effective way to transport goods to different locations safely. AI-enabled automation eliminates the need for e-commerce businesses while allowing other businesses to manage their day-to-day obligations. Unmanned vehicles for transportation and delivery are also becoming a reality as technology evolves.

Internet of things (IoT)

Businesses in various sectors have been impacted by the Internet of Things (IoT). Thanks to IoT-enabled technologies the logistics industry has completely changed. The location and temperature of goods can be easily tracked with IoT. Fleet companies like MigWay equip their vehicles with sensors that track the truck’s whereabouts.

The condition of the products can also be tracked with the help of IoT to ensure they are handled properly. This feature can be useful for optimizing the logistics processes and management of inventory levels. Not only IoT helps companies cut significant costs, but it also enhances efficiency and decision-making.

Significantly enhanced GPS accuracy

A few decades ago, printed maps helped to travel to different places that are far away. Today, thanks to GPS devices that are in-built into vehicles or cell phones, anyone can pinpoint their location. With technological development throughout the years, the accuracy of these devices has significantly improved which is quite beneficial for logistics businesses

GPS devices not only help frustrated drivers while they are on road, but they also improve their productivity. These devices also play an important role to improve the supply change while tracking the truck’s location. GPS tracking devices provide easy paths to follow for truck drivers so that they can reach their destination on time which will satisfy the customers.

Big data usage for real-time analytics

Businesses can analyze their e-commerce logistics in real-time to make more informed decisions thanks to Big Data. It becomes hard for any company in the logistics industry to manage large amounts of supply chain data manually without any errors. Such errors can harm the company’s operations and can lead to various losses in the long run.

Since large volumes of data need more serious analysis than previously, Big Data tools were developed to aid in real-time data analytics. By offering insights into recurring patterns and trends, such technology can aid in e-commerce logistics. This will also assist a company in forecasting the overall logistics and supply chain performance of the organization.

Social media improvement

Social media has come a long way. At this point, everyone checks out all sorts of media posts or is connected to various social media sites or apps. One may not know this but the power of social media has been optimizing the logistics industry and its operation for a long time. 

These platforms are increasingly becoming the most convenient and effective means for businesses to engage with their clients, transmitting urgent information, industry news, and customer comments. Thanks to social media platforms, consumers can ask questions to a company regarding the products and get answers. The companies can also get feedback on their products or services that they can improve on. 

Conclusion

To remain competitive and increase productivity it’s essential to keep up with the newest technologies such as digital brokerage, 5G, electric vehicles, green warehouses, and blockchain. Transportation, international transportation (ocean and air), supply chain management, and cargo tracking have all benefited from technological development.

The logistics industry benefits greatly from cutting-edge technology and will continue to expand as additional breakthroughs are achieved.  Technology advances will continue to push the boundaries for many years to come.

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The pros and cons of buying an existing business

The pros and cons of buying an existing business

The pros and cons of buying an existing business

February 03, 2023

When is a good time to buy a business, is it preferable to extend your current business or start a new one? Given the stakes, it’s critical to consider your business objectives, risk tolerance, and market potential before making an acquisition. 

Being a small business owner is not for the faint of heart. Entrepreneurs work long hours and face various obstacles that require a diverse set of business abilities. Potential business owners are seeking a new endeavor where they may decide to sell a business to start from scratch or purchase an existing firm or franchise.  

Companies with loyal clients and a consistent cash stream might be appealing. However, the initial investment may be more significant than beginning small and gradually developing. So if you want to buy a business you need to know specific risk measures to proceed. 

So, if you’re considering buying a business but haven’t made a decision yet, in this article, we’ll cover the pros and cons of buying an existing business.

Pros of buying an existing business

Buying a successful existing business firm has many pros, ranging from ease to a faster and safer return on investment. Knowing the benefits of this company plan may entice an ambitious entrepreneur.

The benefits of buying a business may vary based on the firm and its conditions and cannot be guaranteed. On the contrary, buying an existing business has intrinsic benefits over launching a new one. Here are some of the pros of buying an existing business to take into consideration.

Financing made-easy

Existing businesses already have a revenue stream to help cover costs, but startups sometimes seek capital to cover expenditures before opening their doors to clients. Established firms frequently have a local reputation and a consumer base. 

This provides lenders confidence and may urge them to offer more attractive lending arrangements. Established firms can also utilize assets and inventory as collateral to receive better funding than startups.

Cash transactions from an account directly and to the regular banks and lenders virtually have requirements regarding business experience and generating revenue for the business. Selling financing is not an option when beginning a new firm from scratch. In seller financing, the firm’s current owner lends the buyer a loan to cover a portion of the purchase price.

Already established business model

When you buy an established existing business, you get both the structure and the concept. Consequently, you will understand how a business operates, generates income, and builds a client base. Buying a tested company concept may save significant time and energy that would otherwise be spent creating it.

Cash flow from the first day

Bringing in revenue from day one also helps produce cash flow, which is critical for young business owners. Startup owners must make substantial efforts to recruit investors or finance, but buyers of established firms may focus on running their new company early in the process. 

A consistent income stream also allows owners to make enhancements and renovations. In contrast, startups may need to operate on a much lower budget until they can produce more cash from operations.

Hassle-free supply chain management

A supply chain is a crucial part of any sustainable business. A good business firm transfer requires existing ties with vendors and other business partners. Your supply chain provides a valuable network of business relationships and may provide assistance and advice on how to preserve or develop the firm. 

They’ve been with the established firm for years and may know which processes or operations are effective and which require improvement. In comparison, startup entrepreneurs must devote more time and effort to searching out and developing valuable commercial partnerships and progressively increasing them.

Good vendor and good supplier relationships are critical for smooth corporate operations. When starting a new firm, you’ll need to develop these networks and partnerships from the bottom up. This usually takes time and effort, especially if you have to check out many various vendors before finding one that is a good fit.

Higher success rate

According to the Small Business Administration’s 12-year monitoring, 80 percent of small enterprises survive their first year, with the remaining 20 percent failing. This is in contrast to the statistic that one in every twelve small companies closes yearly, or roughly 8%.

Suppose a company has survived its first five years or longer. In that case, the initial proprietors did something correctly or discovered a product or service with a proven demand in the community. When you acquire an established, successful firm, you will likely enhance your chances of success over an unproven startup.

Con’s of buying an existing business

Compared to starting a business, acquiring a firm may save you money in one area but cost you in another. As a result, it’s critical to recognize some of the possible cons you may encounter when buying an established business. Here are some of the major cons of buying a business.

Employee-management relationship issues

As you are the new business owner, the previous owner may have managed their employees and operations differently than yours. So you may find it unsettling at first. Getting to know the environment, their vocabulary, and so on. But to move around the curve is time-consuming and challenging. No one likes a new boss ordering different things they used to do daily. 

Higher buying cost upfront

Depending on the conditions, starting a company may be less expensive than buying one. This is because, while buying an established firm will save you money on running expenditures such as inventory and equipment, you will almost certainly face significant acquisition prices.

You buy more than office space, desks, or workers when buying a firm. You are buying the client base, the brand, the company model, the assets and equipment, the intellectual property, and much more. 

All of them will undoubtedly be factored into the business’s price tag, which implies that the more successful the company is, the more you’re likely to spend for it.

Legal issues

Be careful of buying an existing business for a low price. If the current owner is prepared to sell their firm at what appears to be a significant discount, there is a chance that something is wrong with the business. Such issues stem from external sources such as the market’s rejection of the company’s goods or services, a dwindling client base, or being entirely outperformed by competitors.

  • Paperwork issues
  • Equipment issues
  • Policy Issues 

These three are top noted for legal perspectives before owning an established business.

Their existing reputation is now your problem

New owners may need help if the previous business has a terrible reputation in the neighborhood or numerous unfavorable customer reviews online. With a terrible reputation for customer service, new management will need to go above and beyond to ensure they surpass expectations. Some of the most basic problems you may face are,

  • Bad reputation for customer service
  • Quality expired products delivered. 
  • Logistics issues

As a result, you may need help to raise pricing to compete. Consider how much work will be necessary to alter undesirable parts of a company’s reputation or culture before purchasing an established organization, and include this in your selection.

Conclusion

When deciding on buying a business company, it’s critical to focus on your research. Keeping the pros and cons in mind when analyzing many company opportunities may help you recognize possible concerns and offer a foundation for comparison. If you’re serious about buying an established firm, create a checklist of best practices to ensure success.

As soon as you buy an existing business, you get both the structure and the concept. Consequently, you will understand how a business operates, generates income, and builds a client base. Buying a tested company concept may save significant time and energy that would otherwise be spent creating it.

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Free VPN for windows: How to protect your PC

Free VPN for windows: How to protect your PC

Free VPN for windows: How to protect your PC

February 02, 2023

Now, more than ever, organizations and individuals resort to browsing the web to conduct their daily activities. The high rate of browsing by both organizations and individuals exposes your data to hacks; it is increasingly becoming more difficult to ensure privacy while surfing the web. 

For businesses, client data protection is critical; you can only be relevant in the global market if your customers trust you. The hackers you expose yourself to while browsing can steal your personal information, web browsing history, or payment data through any of the several emerging fraudulent schemes.

The issue of data protection becomes serious if we take into consideration that approximately 15 million data records were exposed globally were exposed in the third quarter of 2022, according to Statista. The figure shows the severity and how desperate hackers have become; to counter the activities of hackers, some users have cause to resort to private browsings, such as the Incognito mode of Google Chrome, InPrivate Browsing on Microsoft Edge, and Private Browsing of Firefox when connecting their PCs to the internet.    

While private browsing will ensure that your browser history or search history is not stored by your PC, your data will still be shared between your PC and your internet service provider (ISP). Prying eyes can also detect traces of your browsing activities and capitalize on that to exploit entryways into the operating system. 

Simply put, private browsing is not secure; you rely on your ISP to provide your internet protocol address for effective browsing, and a third party can detect your browsing activities and exploit the loophole to gain entry into your network system. The best option you can use to protect your data from prying eyes while browsing the web is a VPN.

What is VPN

VPN simply means virtual private network, a VPN will encrypt any activity you carry on online and ensures that a third party who may accidentally access your data will not make any sense out of it. When a VPN hides your online identity and internet traffic, a third party finds it extremely difficult to break in and steal your data.

Ideally, when you browse with your PC, your ISP provides the connection you need and keeps track of your activities through your IP address; any web traffic you generate passes through your ISP’s servers; your ISP can log in and observe all your online activities. Even where you trust your ISP not to hand over your browsing history to advertisers, police, or other government agencies, there have been cases such have happened; apart from intentionally handing over your personal and private data to a third party, your ISP can also be hacked, and your details become compromised. 

Stealing or compromising your data is worth considering if your organization depends largely on public Wi-Fi networks to conduct its activities. Employees’ and customers’ passwords, personal data, identity, and payment information can be up for grabs by hackers who are intently watching your internet traffic.

How does VPN protect a PC

A VPN will mask your PC’s IP address any time you connect to the internet; it will redirect your IP address through a specially configured remote server run by the VPN service provider. The VPN effectively makes its server the origin of your data; your ISP or any other third party won’t be able to trace your activities on websites you visit; even when they can track your activities, the information you are sending or receiving looks gibberish and useless to them. 

A VPN will encrypt both your log and IP address, verify anyone trying to log into your network through multifactor authentication and quit preselected programs through a kill switch. By encrypting your data once you connect your PC to the internet, a key is needed to decipher the encrypted information; only your VPN and PC know the key; your ISP cannot discover where you are browsing from. 

Notwithstanding whether your VPN is free or paid, the two stages a VPN works are:

  • After booting your VPN when you are online, the VPN acts as a secure tunnel between your PC and the internet, disabling your ISP or any prying eyes from seeing into the tunnel.
  • Your PC will automatically be on the VPN’s local network; the VPN then changes your IP address to one of the IP addresses the VPN’s servers provide, and you can then browse the web securely.

How to install a free VPN for a PC

Before installing either paid or free VPN for windows, you need to be familiar with the different ways to implement them.

Standalone VPN client

To install a standalone VPN, you need a piece of software that requires configuration matching the requirements of the endpoint. During the installation and setting of the encryption tunnel processes, the endpoint runs the VPN connection and connects to the other endpoint. 

The Standalone free VPN client implementation type is found commonly in windows people use at homes and small businesses.

Browser Extensions

You can add VPN extensions to windows for browsing; examples include Google Chrome and Firefox. In the case of Opera, it comes with built-in VPN extensions.

VPN extensions make it easy for users to quickly toggle and configure their VPN while they browse the internet. The only handicap with browser extensions is that the VPN connection applies strictly to information shared on that browser. The VPN may not encrypt other browsers and non-browser internet use.

Depending on your needs, you can also install a free corporate VPN or VPN router for windows.

Conclusion

A VPN will protect your IP and encrypt your browsing history, but it will not keep you safe if you visit phishing websites or download compromised files. You can still be at risk of Trojans, Bots, Malware, Spyware, and viruses while using a VPN

Your VPN provider will see your internet traffic the same way your ISP does; to forestall a case of your data becoming compromised, subscribe to a reliable VPN service provider.

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Pros and cons of being a sole trader

Pros and cons of being a sole trader

Pros and cons of being a sole trader

January 31, 2023

Starting a business can be intimidating as it demands you develop a business strategy, look for customers, and manage all its finances. Moreover, sorting through forms, paperwork, and registration to legalize the business per the state’s laws can take time and effort. However, starting as a sole trader might be relatively straightforward but also it has some pros and cons. So, in this blog post, we’ll find out what is a sole trader and what are the pros and cons of being a sole trader.

What is a sole trader

A sole trader is a person who starts and runs a business, enjoying its profits but also being liable for its debts, taxes, expenses, and losses. While the structure isn’t suitable for everyone, sole trading benefits many entrepreneurs. Sole trading is easy to establish, straightforward and involves fewer procedural steps than other business entities. 

Sole trading has advantages and disadvantages that require you to know them, especially regarding personal liability.

Pros of being a sole trader

As a sole trader, you have complete control over the business and all its undertakings and decision-making. Sole trading has several advantages.

Easy to establish

Unlike other business entities like limited liability corporations (LLCs), sole trading is much easier to establish. For instance, you would only have to complete a little paperwork when starting a sole proprietorship. Moreover, it only involves a few processes and protocols during its setup. 

Business entities like LLCs need you to register with the state government before launching. On the other hand, you don’t have to register your sole trading business with the state as it becomes an individual business entity. It saves you the time and hassle of following up with legal procedures. However, depending on your local or state’s requirements, you’ll have to acquire a business permit or license. There are also options such as offshore LLCs that you can explore as well.

Fewer business fees

You can have a tight budget when starting up a business. However, as a sole trader, you can save on registration charges. LLCs and other business structures require registration charges, and some states might ask for yearly fees for registration maintenance. Sole trading can help you save on costs as it doesn’t have similar legal requirements to LLCs.

Little or no oversight

A sole trader has more freedom compared to other business entities. Sole traders don’t have to file reports indicating up-to-date aspects like changes in staff or management. Moreover, they aren’t required to submit audits, which also have associated fees. Unlike other business structures that require one to comply with the state’s reporting requirements, sole traders have complete control over the business. For instance, sole traders have total control over finances, decisions, and any other business aspect, unlike other entities that have to hold meetings. 

Straightforward banking

Sole trading involves simplified banking techniques that don’t require business checking accounts. Therefore, you have the clearance to accept or make business payments straight from your personal accounts, eliminating the need for a business checking account. However, maintaining clear and organized records to distinguish between personal and business spending is crucial. Additionally, understanding how to effectively manage your finances as a sole trader is crucial. While it’s tempting to mix personal and business expenditures due to the simplicity inherent in sole trading, having distinct sole trader bank accounts can provide clarity and organization. Discussing the necessity and distinctive benefits of these accounts ensures that you are making informed financial decisions that can support the longevity and success of your venture.

Cons of being a sole trader

By eliminating state registration, sole traders lack protection from legal action. Therefore, their personal assets might be taken by debt collectors to settle business debts.

No liability protection

Lack of liability protection is one of the significant cons of being a sole trader. Sole traders don’t get the benefits of owning a legal business entity because they don’t register with the state. The state considers sole traders self-employed, hence being on their own regarding their business operations and transactions. Therefore, a sole trader remains liable for the business’s legal, tax, or financial problems as they lack the legal protections relating to business incorporation. 

Unlimited liability is another major drawback of sole trading. Unlimited liability refers to liability that’s not bound by a contract or law. Hence, the proprietor’s assets can be used to pay the business’s debts. The unlimited liability of sole traders allows lenders, customers, vendors, or debt collectors to access your personal assets to satisfy your business’s obligations.

Difficulty getting financing or credit

Getting financing or securing loans as a sole trader can be more demanding. Most banks prefer working with established firms due to their higher revenues and good credit scores. Sole traders lack business accounts and cards, making it more challenging to build business credit relationships. Moreover, the backing for sole trading comes from one investor. Hence, the business relies on one person’s initial finances, credit history, and investments.

Hard to sell the business

Sole trading is naturally tied to an individual, making it hard to hand down or sell the business to someone else. If you decide to quit or in the event of death, the business ends. However, you can establish a ‘doing business as’ (DBA) to transfer or sell the business rights to another party, retaining the name. Without a DBA, you can sell the business assets rather than the firm.

Conclusion

Although it seems like a perfect profession, being a sole trader is not so easy, because sole trading has many pros and cons, as outlined above. However, it’s wise to consider other entity types and their offers before making the final choice.

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