Category Archives: small business

Considering Entrepreneurship As a Career? 6 Critical Skills to Master

6-Critical-Skills-to-Master

The most successful people in the world are the ones that focus on doing one thing well. Warren Buffett, the world’s richest investor, once said that absolute focus is the single most important element in determining a person’s success.

The focus of his own life has been dedicated to investing, in finding great companies at good prices. His company, Berkshire Hathaway, has gone from $8 per share in 1965 to over $153,000 a share. Not bad, right?

The world’s best CEOs are masters at these 5 essential skills. Take a look and see what skills every entrepreneur needs in order to be successful and effective, so you can master these skills as well.   

Posted in Career, Career Advice, career transition, Entrepreneurs, small business, young professional | Tagged , , , , , , | 5 Comments

12 Unique Skills Millennials Need for Career Success

Success

Our friends at YEC asked members of their council this question from a reader… we thought the answers were enlightening for members of the YouTern community. Read on!

Question: What’s one unusual skill employees need to get promoted faster at a start-up or small biz?   

Posted in Career Advice, Gen Y, small business, start-up | Tagged , , , | 1 Comment

Embrace the Future: Ditch the 8-Hour Workday

8 hour workday

With all due respect to Henry Ford, in today’s information economy the 8-hour workday he pioneered is irrelevant for many workers. The 8-hour shift was great for factory workers then working something like 12 hours a day. Things have changed, however — and a warm body pounding away at a computer for eight hours doesn’t translate into increased productivity. Today, technology can unchain us from the workplace; mobile offices are sprouting up everywhere. Major companies allow telecommuting at least some of the time. For instance, 80 to 90 percent of Cisco and Accenture employees are  regular telecommuters, according to Fortune. Many tech   

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The New Economy: 3 Rules Business Must Follow to Succeed

There are a few principles that companies will have to thoroughly integrate into the way they work if they wish to succeed in the new economy. All organizations in the new economy must be:

1. Connected
2. Human, and
3. Meaningful

Anything you can do to align the human systems of your company to operate more in these ways will help it thrive in the new world.   

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Businesses Need Collaborative (Not Competitive) Advantage

It’s time for “competitive advantage” to die. I mean, it’s had a good run. However, it’s time for something better. I’m a competitive person, so I can extol the benefits of a good rivalry as well as the next guy. A little competition isn’t bad, of course — it tends to keep us on our toes, helps us continually improve, pushes our limits, etc. But in business, like many other things, we’ve gone totally overboard. Our competitiveness has gone into overdrive, where many organizations end up harming people and the planet because they see the world as an endless field   

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From Side Job to IWearYourShirt.com: A Start-up Story

Taking a paycheck 9-to-5 is easy — you show up, you do your work, you get paid. Running your own business? That’s a different story — show up, do your work, but if nobody buys into your idea, you don’t get paid, and you risk the possibility that your entire livelihood could tumble down around you.

But thinking back to where I was five years ago, I wouldn’t have it any other way.   

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