4 Ways You Benefit From Taking The Scenic Route To Success

4 Ways You Benefit From Taking the Scenic Route to Success | Eddie DovnerWe all want to reach success, but many of us struggle with figuring out how to get there. It’s easy to think that there is one set path to success, but there are many CEOs and other successful entrepreneurs who end up taking more of a “scenic route.” In fact, it’s best not to take the shortest possible route to get to the point to want to reach. Here are a few reasons to take the scenic route to success:

  1. You live by your own rules.

While living by your own rules is often used to describe a reckless lifestyle, there is something to be said for going outside of the box. Life needs structure, but who says you can’t build that structure? For some, the eight-hour work day just doesn’t make sense. Not everyone is meant to live practically. It’s important that you choose a path in which you fill fulfilled rather than a life that simply looks good on paper.

2) You learn to adapt to change.

Sometimes issues come up in life that changes your trajectory a bit. Nothing is going to go as planned, and sometimes going the scenic route is the best response to the events that are happening. There is a quote that says “A bend in the road is not the end of the road unless you fail to turn.” Once you embody this, you’ll be able to tackle any challenges that come your way. You may have to do something unexpected or unconventional, but that’s okay because you’ve done so before.

3) Your experiences can help you in the future.

In an article for Misc Magazine, Dr. Ted Witek speaks about his father’s career path. He received a degree in metallurgy but then decided he was passionate about civil engineering. He took courses while obtaining his PE license. In his 70s, he decided it was never too late and acquired his Master’s in Environmental Studies. When he visited Florence, he was able to use his knowledge of art history from an elective he previously taught. Sometimes, the knowledge you obtain in a seemingly irrelevant area can help you later in life.

4) It enhances your inventiveness and critical thinking.

In this day and age, many people are in a race to reach success. Instead of cultivating patience and persistence, we think that our success stories must be linear. We do not accept risk and we don’t focus on career fulfillment nearly as much as we should. If you focus more on the bigger picture and become less career-oriented, you will be able to gain expertise in a number of areas. Diversifying your expertise helps you become more well-rounded. You will be better at critical thinking and be more innovative.

Overall, we need to think of our career not as a race to the finish line but rather as a journey through which we pick up a number of skills and experiences. When you take the “scenic route” to success, you’ll find that your life and your career are much more fulfilled.

5 Examples of How Entrepreneurs Ponder Intrinsic Motivations & Personal Truth

Eddie DovnerEntrepreneurship is an adventure in capitalism and leadership, but more than that entrepreneurship is an opportunity for characteristic growth and it is a motivated move toward the realization of passions, ideas, and creation. When opting to become an entrepreneur, ponder intrinsic motivations and personal truth.

There are countless extrinsic motivations for leading your own business, including the acquisition of wealth or reward, but there are also numerous intrinsic motivations that push the creatively minded to seek personal accomplishment, to tap into career development, and pursue influence over an industry or market.

Among the many elemental reasons you might be compelled to start your own business are opportunities to explore innovation, freedom to demonstrate operation control, moments to test personal limits, and occasions to assemble dedicated teams. In addition to the aforementioned explanations, self-confidence, inquisitiveness, and ambition are on the menu for inspired entrepreneurs. Additionally, the prospect of granting career stability to not only yourself but countless community members is another reason for establishing your own business. There’s personal pride associated with developing well-respected organizations, emboldening local economies, and motivating dedicated employees. There are ways to foster intrinsic motivations and seek the personal truth.

“Underdog” Passion: Employees and business owners can flourish when they’re a part of a close-knit team. Supported environments, verbal encouragement, and assigning role ownership are incredible ways to create a rewarding business and establish personal relationships.

Consider Yourself an Artist: Look to all of your resources and skills to create a lucrative business and a functioning work environment. If you’re ever in doubt or require inspiration, actually look to purveyors of poetry, drama, prose, philosophy, or visual arts. You’ll be surprised by how much Claude Monet, Pierre-Auguste Renoir, and Paul Cézanne or the authors of written works can counsel you and help to guide your perception and performance as a leader.

Take Notes Everywhere: It may sound like a cliche, but ideas strike anywhere. For that reason, keep a pen and paper handy to jot down any creative or inventive ideas. Fleeting thoughts can be the stem of extremely lucrative ideas. The same can be said of ideas that come to you during your sleeping hours.

Determine Your Own Path, But Review Maps: It’s important to establish your own path as a business leader, but never forget that the beaten path can offer incredible insight. Select a handful of incredible business leaders, research them and document their interests. If you better acquainted with how others attain success, you’ll be better trained to attain success.

Personalize Your Truth: One of the greatest benefits of the entrepreneurial spirit is that it allows for individual development and personal conviction. A great part of fashioning your own business means establishing your own rules, your own agenda, and your own truth. If your find that your business ideas don’t fit the mold, break the mold. Create opportunities and standards based on qualities you value.

Entrepreneurial Leaders: Unquestionable Importance & Necessary Traits

pexels-photo-26168Exceptional leaders will communicate, with truth, that making one’s way to the top is no easy feat.

Entrepreneurship has its doubtless benefits, but an entrepreneurs’ early days are ones without financial banking and little support. The essential nature of being an entrepreneur means facing off with conformity, and understanding that acceptance, stability, security, and belonging come later. Entrepreneurship is a shifting vessel, which takes unforeseen twists and turns, and the things sought when aboard that aren’t as accessible as ambitious individuals would like.

The long winded transformation of a business, from what it hopes to be to what it will someday be, is a determined process, which could take years or even decades. Established entrepreneurs, such as Elite Daily’s Gerard Adams, will explain that it can take more than a few years to build a company and grow a brand into something that’s proven to be of high value. After 15 years of constructing and assembling a product to be proud of, Adams and partner sold their online news platform to Daily Mail for $50 million. Adams’ latest endeavor,  Fownders, intends to educate and embolden aspiring entrepreneurial leaders.  Adams, like many others, knows that there are a few qualities, above all others, that make leadership more accessible, and those traits are humility, courage, and perseverance.

These traits are items that push determination to the next level. Humility, for instance, is about more than modesty, diffidence, and humbleness; it’s about managing  your strengths, weaknesses, and ego. It’s also about standing ready for education. Looking to other entrepreneurs as teachers opens you up to a well of first-hand knowledge. By accessing that knowledge, you’re enabled and embrace essential quality.

Perseverance is yet another trait that entrepreneurial leaders should take on. Everyone from Oprah Winfrey to Walt Disney has heard ‘no’ and experienced rejection during their pursuit of success. Channelling steadfastness in the face of delay and difficulty, and functionally embracing tenacity and indefatigability is the tried and true way to lead an enterprise.

Courage is fundamental. Having the fearlessness and pluckiness to lead and be a leader shows that you have the necessary conviction and the required ownership of an idea, your business, and your success to excel. Vision and courage go hand-in-hand, and it’s essential for prosperity and achievement.

Entrepreneurial journeys succeed best when  leaders are equipped with valuable leadership skills. The essential nature of entrepreneurship centers on directorship and the accumulation of managerial, influential, and authoritative traits.

Characterizing Entrepreneurs & Freelancers, and Their Working Relationship

hands-people-woman-meetingEntrepreneurship is recognized as a function that finds the gap in markets, while freelance is known for its ability to identify gaps in projects.

Entrepreneurship and freelancing are considered to be two paths toward freedom. Writers and contract workers frequently seek out freelance opportunities, which allows ownership of their personal and professional time. For the same reason, individuals belonging to numerous industries seek out entrepreneurship. The difference between the two routes is that entrepreneurship is a bolder choice that has the potential to offer something greater than the expectancy of money, but the formation of personal legacy.

Certainly, freelancing can be more attractive, for entrepreneurship is more demanding. Freelancing offers a more direct and active role in income creation, it’s simpler and requires fewer financial risks, opportunity risks, or emotional risks. Freelancing is frequently chosen because it’s a way to make money while focusing on quality, without the worry of solving critical world problems. As a freelancer, you manage portfolios, find and retain clients, and you’re able to decide how much compensation you’d like to receive for your projects. There’s immediate gratification promised after the completion of the assignment. Freelancing offers a great deal of agility, but entrepreneurship has greater rewards in the long run. Freelance doesn’t promise you long-term assets, but it promises a stream of income.

While you’re building your business, you create assets belonging to you and your organization. Even when dealing with the dark complexities of entrepreneurship, you are fashioning an economic structure that can bring you great eventual success. The trouble and thrill of entrepreneurship rests with the knowledge that it ebbs and flows; while one month may see success, the next month may be struggling the very next month. As a business leader, you control your business, but you can control market behavior. Entrepreneurship demands that you manage your business well, but that you also have a firm understanding of the market that you serve, ensuring that all products align with customers’ needs.

Cash positivity isn’t promised, that’s the case whether discussing entrepreneurship or freelancing. For entrepreneurs, who’ll likely need to elect the help of others, this can be a challenge. A large part of being an entrepreneur is being able to assemble a team of individuals who are like-minded or people who know better than you, this is the case when hiring designers, developers, a salesperson, or any other staff support. Learning to hire, motivate, and retain great talent can be a challenge if you’re worried about the profitability. Conversely, freelancers don’t require a team. While they sometimes partner with others, much of their work is solitary, focusing on their respective area of expertise, whether that be writing, marketing, sales, designing, or customer support. Freelancers provide a core service while entrepreneurs tend to sell services as products and make products.

Skills and services provided by these leaders often work in tandem. Freelancers can be valuable supporters for entrepreneurs, offering their unique abilities as developers or writers, thus helping faithful entrepreneurs to continually seek out their dream even when they fail. Freelancing is a field for specialists, for those who an absolute understanding of their field, and they have the ability to serve was being requested. Entrepreneurs become generalists as they supply numerous resources to their teams, you pass on support and services to the public.

Miami’s 2nd in the Nation for Startup Creation, Ranks Low for Growth, Scalability

8408220671_22438e9046_bMiami is known for its heat, but equally, it’s known as an attractive home for startups. However, while Miami earns the distinction of being the second in the nation for startup creation, it also ranks low for growth and scalability.

Kauffman Foundation published a study that demonstrated that Miami-Fort Lauderdale metro area ranked second from the bottom out of 40 metro areas in the growth of fast-growing companies. This news comes just one year after Miami came in second for job creation and sixth in the nation for small business activity.

The 2016 Kauffman Index of Growth Entrepreneurship utilized data on revenue and employment to rank metro areas and states. Looking at the first five years of business, they looked at fast-growing companies reached at least 50 employees by year 10, high-growth company density, or the number of private businesses with at least $2 million in annual revenue. Comparably, Washington, DC came in No. 1, performing three times better than Miami in every category (No. 39). In the state of Florida, Jacksonville (No. 23), Tampa (No. 26), and Orlando (No. 35) ranked higher than Miami. In the nation, only Detroit ranked lower.

“Miami is a place that does very, very well on startup activity – a lot of people are becoming entrepreneurs and starting companies,” said Arnobio Morelix, senior research analyst and program officer in Research and Policy at Kauffman, which studies and supports entrepreneurship. “But when we look at how firms grow after they start, we don’t see Miami doing very well.”

The good news? Miami has a good density of startup companies, so it’s just a matter of engineering businesses to scale better. Some important facts that key to grow an entrepreneur are connectivity, density, fluidity, and diversity.

Knowing one’s proximity to similar companies, knowing how to connect for the purposes of resources, know how to assemble resources locally to grow talent and money, and recognizing the diversity of skill sets. With Florida ranking 24 out of the 25 largest states ranked for growth entrepreneurship, Florida still marked the state ranked in the top five for health entrepreneurship.

Miami is working toward developing a robust entrepreneurial ecosystem. Within the past few years, the Knight Foundation has committed more than $20 million to more than 160 entrepreneurship projects and organizations throughout the city. Numerous Miami-based organizations are focusing on scaling up.

Also, Florida ranked 14th in the nation for venture capital growth in 2015. Ultimately, the Kauffman Index of Growth Entrepreneurship offered that U.S. entrepreneurial growth across industries and states. Miami’s entrepreneurial business growth has helped the region to the Great Recession, and it’s directly helped to spark wealth, job, and innovation increases.