Mohit Tater's Blog, page 683

Entrepreneur Profile: EverydayHappy

When it comes to starting a small business, the risks are many and they are usually life or death. All the decisions made are going to have a huge impact on the success of the business. To properly get the business on its feet, a budding entrepreneur is going to need to take a few leaps of faith and start taking risks. They can be calculated, but ultimately it is a case of who has the most guts to do what it takes to turn their small startup into a successful business.

Such is the case of EverydayHappy. This was an American startup founded by a group of like-minded moms and dads who decided that instead of running errands and missing out on the important moments of their children’s lives, they would help parents everywhere get their baby cleaning and family care products online. Today, we talk to Philip Keezer, the CEO of EverydayHappy and co-founder of the company. He gives us all valuable advice on how to get a start-up going in the right direction and how to end up just like EverydayHappy and their new sideshow: ParentingHappy, a hotline for parents.

1) How do you validate your business idea?

In the case of EverydayHappy, I believed that there was a real need for a company that offered

superior baby and family care products that were affordable, eco-friendly and toxin-free. The idea really started when I became a dad and I was desperately trying to find products that I thought were safe enough for my newborn son, all to no avail.

While doing my research, I noticed that a lot of products are full of harmful chemicals and good eco-friendly alternatives are hard to find, or simply too expensive to be accessible to all parents. There was nothing in stores or online that made the cut and I couldn’t believe it. Being eco-friendly

and environmentally minded shouldn’t be hard. Where were all the naturally sourced, biodegradable and safe products that would leave the planet in a good state for our kids?

Planning trips to the store with a little one in tow also proved to be a great feat. Any time I spoke

with fellow parents, they seemed to share the same struggles. That realization was the moment I knew this was a viable business and that, given my experience, I was the one who could launch it.

That’s when EverydayHappy was born. I wanted to help take some of the guesswork out of

parenting, giving new moms and dads peace of mind. The idea of making EverydayHappy a subscription service was validated when I realized how crazy life can get when you’re a parent. Being able to skip running errands to the store for supplies meant more time to spend with my son and to actually appreciate the joys of parenting.

The core of our business is helping moms and dads have an amazing parenting experience

(whether that be by offering great products or through our unique helpline, ParentingHappy, because sometimes you just need someone to listen) and people are really responding to that!

2) How to get funding for your business?

A big part of the funding behind EverydayHappy came from JoVentures, as well as from our founders. We were extremely lucky in the sense that we were able to find a group of people who shared our passion and vision for creating a brand that was not only filling a gap in the marketplace, but also fulfilling our dream of helping families here, and abroad.

3) Should you get a cofounder?

This really depends on the business model, the specific situation and what the co-founder(

s) bring to the table. Ultimately, it may sometimes be easier to be a sole founder and have final say over the big decisions, but there’s no denying that having a partner can help bring fresh ideas to the table. Especially if all parties involved share the same vision and are comfortable enough to push each other to really step outside the box.

This is something I’ve learned firsthand by working on EverydayHappy with co-founder Phil Fang. We started with a solid foundation: A shared passion and belief that eco-friendly, carcinogen-free baby and family care products should be easily accessible and not cost a fortune. From there, we worked nonstop to make EverydayHappy a reality and as we continue to grow, we never shy away from dreaming up bigger, better (and sometimes wilder) ideas.

4) Your best advice for people starting out on the entrepreneurship path?

It might sound cliche, but the best advice I’ve ever received is to never give up. The only reason

businesses become successful is because they overcome all of the obstacles in their way, both planned for and unexpected, and not because they never encountered one. It’s the tough times that can really help make a business and its entire team stronger and more passionate and, in turn, more successful.

When we were starting out, the idea of offering eco-friendly diapers that cost less than the mass-produced bargain brands you find on most store shelves seemed crazy to a lot of people. It meant the world to us, however, and we kept researching, innovating and pushing until we could make our vision a reality. The more people questioned it, the more fired up we felt to succeed. Never, ever give up.

You can find EverydayHappy on Twitter.

For a free trial of EverydayHappy, click here.

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The Basic Procedure for Assessing Risk

Starting up a company is no easy task. When you are an up and coming entrepreneur and you want to start a company that deals with the manufacture of goods and services, you are going to have a whole heap of problems to start off with. All of these are going to cost you quite a pretty penny. However, there is one thing that is more important than anything else when it comes to managing your new company, and it is the safety of the employees in your factory.

Analyzing risk is very important

If you are going to start a manufacturing company, you are going to have a few machines on the floor. Most of these are very powerful and work at high speeds to maximize efficiency. This makes them very dangerous indeed if an accident should happen. A good safety switch can help in doing a risk assessment on your machines before you let your employees lay a hand on them which is something that is crucial to the success of your business, and is very worth the money you spend.

There aren’t any real rules as to how such an assessment should be done. However, there are more than a few pointers that can guide you in the right direction when you decide to start assessing all the health and safety risks associated with the machines in your new manufacturing company.

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Becoming a Thought Leader Made Easy

In fast paced life today, where seeing is believing, evolving yourself as a brand is not as difficult as you may think. Taking up this short course will help you develop yourself and become a thought leader.

In today’s digital world, mere pretensions of confidence and intelligence are just not enough. To stay in the rat race and prove your mettle, what you need is the urge to do things the right way and work on your existing strengths to improve them. This course by Gary Vaynerchuk would help you in realising your true potentials and working towards improving them.

Gary Vaynerchuk was extremely passionate about wine and took this passion quite seriously and developed into a successful entrepreneur.

This course by him helps you to understand your passion, realise your strengths and work towards putting these together to make your work life more interesting and successful.

Requirements for the Course

Well, to take up this course, all you need is confidence in yourself and the desire to inculcate your passions into your life. Whether you are a student or an office goer struggling with his job, this course would help you to develop yourself into a better, more confident individual.

Who can Take this Course

Any person can take up this course provided

They truly believe in themselves
They believe that following one’s passion can take them places
They trust their strengths and are ready to work towards improving them
They are ready to spare some time from their daily hours towards their betterment
They look forward to making some difference to the world with their passion

What to Look Forward to in the Course

In case you get ready to take up this course, here’s is what you can look forward to achieving from this course

The course consists of 49 lectures that can span over a time of 2 to 3 hours
It would help you to understand your hidden strengths and to hone them
This course will also help you to improve the other strengths that you possess
It educates you on building yourself as a brand, based on your passions that would further help you to make a living without getting stuck in the 9 to 5 rut
This course would imbibe you with confidence that would propel you take up the challenges of life head on

Features of the Course

The course in divided into ten different sections and some of the sections include written content as well. Take a look at the different sections of the course

Introduction
Finding your Passion
Self-awareness
Narrating your story
Understanding the distribution channels
Building your brand
Dealing with people
Increasing your brand value
Putting your passion into practice and working towards its success
Conclusion

Benefits of the Course

One of the major advantages of this course is that it helps you to get out of the 9 to 5 cycle and realise your dreams by putting your passion in place. This is a course that would bring you self-fulfilment.

Cons

This cannot be actually known as a con. You need to keep aside some time from your daily grind to focus on this course and then to incorporate it into your life

So, if you are not happy with the way your work life is going or if you feel that working for something that you are passionate about would get you better results, then go ahead and take this course today.

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WHEN LIFE GIVES YOU LEMONS!!!

“Well, we all like things to be predictable, don’t we? We expect things to be safe and to keep on happening just the way they always have. We expect the sun to rise in the morning. We expect to get up, survive the day and finish up back in bed at the end of it, ready to start all over again the next day. But maybe that’s just a trick we play on ourselves, our way of making life seem ordinary. Because the truth is, life is so extraordinary that for most of the time we can’t bring ourselves to look at it. It’s too bright and it hurts our eyes. The fact of the matter is that nothing is ever certain. But most people never find that out until the ground suddenly disappears from beneath their feet.”

― Steve Voake, The Dreamwalker’s Child

As I celebrate the successful one month of my new job with an amazing Sunday breakfast and coffee in one of my favorite cities Rochester, NY. I recall the day which led to this celebration. No it was not the day I got this job, but the day I got laid off. Yes, you heard it right: “The day I got laid off”.

Layoffs are a really common but unfortunate and disturbing experiences for most of us. Often it ends up in the form of disappointment, depression and disapproval. I was disappointed too. I was depressed too. I was not ready to accept and believe that it could happen to me so soon. It had been just 2 months that I had taken this big move in my life. Those words still echo in my ears “We are eliminating your position”. This job was all I thought I ever wanted. I got this offer months before I graduated with my MBA. Soon after that I moved to Philadelphia for this dream job. That job gave me the best position and salary I could ask for. However, there was something within me which kept me thinking if it was the right decision. I was not happy the way I should have been. I was not sure what it was. Whether it was the new city, new people, home sickness or the job itself.  I think I got the answer to this with my boss’s unexpected visit to my office telling me that they will have to let me go. I was in a state of shock for several hours not knowing what to do, where to go and whom to talk. After hours and hours of shredding tears and resentment, I calmed myself and made myself understand that I should start acting upon this situation rather than reacting and making it even worse.

The first thing I did was talked to the right people. First of them were my parents who have always supported me in all good and bad times. Though they were in India, but they supported me throughout to come out of this situation. Next, I contacted my college Advisor and visited her in Rochester. I can never forget what she told me then. “Disha all this is happening for a reason. God knew you were not happy with this job but he also knew that you would never leave this job since that is what you always wanted. So he kicked it out for you to let you know that this is not what you wanted.” Within my heart I knew this was the reason but it was hard to believe. I contacted everyone I could since I had very few months to get a job due to my visa issues. Luckily, I still had 2 months in my hands. And of course my friends who listened to all I had to say and helped me stay positive. Last but not the least, the people who made me realize that not everyone can be with you during your bad times. Those are the people which give you the best lessons in life.

Soon after realizing everything I needed to do, I prepared myself to unleash the next treasure box in my life. I rigorously started applying for jobs by erasing all the negativity whether situations or people. That helped me a lot to stay positive and keep it going. After 2 months, the day was here to finally leave my job. That morning I knew I was getting dressed for work to get fired. I picked out my best work outfit for that day. After all, it was the day to mark the end to the months of unhappiness. I listened to my favorite songs while driving to work. I met with the company HR who handed me the termination letter and packed up my stuff and drove back home. The moment I sat on the couch finally realizing that I don’t have a job anymore, I got a call from a company in Rochester I had been interviewing for. “Hello, we are really happy to offer you the position for Senior Market Research Assistant.” There you go, I was hired the day I got fired.

With all this being said. I would like to reaffirm a few things to all those who are reading this:

It is true that everything happens for a reason and for our good.
It is true that staying positive brings the best out of you.
It is true that there is somebody out there working out the best for you.
It is true that you should always be ready to expect the unexpected.
It is true that you are the best problem solver for your problem.
It is true that the worse than this could happen.

It has been a month that I moved back to Rochester for my new job. All I can say is I love my job, I love this city and I am happy. If a lay off or months of resentment is all it takes for this. It was completely worth it. As I finish my peaceful cup of my Sunday coffee, I thank all those who stood by me all these times and to those who backed out on me and made me stronger.

Thanks:

Almighty,  Sanjeev & Neelam Manocha (My parents),  Akash Manocha (My brother),  Amit Wadhwa & Tarun Arora (My uncles),  Peggy Tirrell (My advisor),  My amazing friends: Fatima, Doris, Olive, Marina, Madiha, Pooja, Parinay, Maria, Arushi, Kamani & the list is endless.

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Clever Ways To Get Your Customer’s Attention

Consumers are bombarded by ads for products and services each day. They see ads and offers in dozens of different forms. In addition to online ads, people are exposed to ads in publications, in stores and on billboards. To grow your sales, it’s critically important for you to get your customer’s attention. Consider these methods to get attention when you customer is ready to buy.

Components of your brand

As a starting point, you need to consider how you present your brand. Your brand refers to the ways that customers identify with your product. Specifically, your logo, slogan, packaging explain your brand.

Every company wants to build brand equity. This term refers to how your product is better or different from your competitors. For customers to think about your brand, they need to be exposed to your company repeatedly. That’s the purpose of your marketing and advertising.

Traditional ads that work

One way you can be different is to advertise in traditional ways. Rather than simply use online ads, you can expose your client to your brand using traditional methods that have worked for years.

One good example is using display ads. When people shop in stores, they see a variety of ads throughout the store. These ads work, because the customer is ready to buy. Bright colors and an eye-catching package can draw a customer to your product. For example, an end cap display by Creative Displays Now offers ways to reach out to consumers through different colors and packaging.

Billboards have been around your years. They still are a great way to attract attention. Using a billboard can expose hundreds of thousands of people to your product. Advertising on a billboard can reinforce the marketing message in other forms of advertising. If a consumer sees your logo and slogan on a billboard, they may pay more attention to an online ad when they see one.

Search engine optimization

Another key way to get customer attention is to optimize your website for Google searches. Say that a prospect enters a Google search on keywords related to your product or service. You want your site appear as high as possible in the search result.

Useful content is becoming more important in Google search rankings. To boost your ranking, consider posting blogs and articles that are relevant to your audience. If you manufacturer sporting goods equipment, for example, you can post content that athletes and sports fans want to read.

Email marketing

When prospects visit your site to read your content, give them the chance to opt-in and subscribe to an e-newsletter. In exchange for giving you their email address, you can provide them with additional content. There are dozens of website opt-in buttons you can use to get the reader’s attention.

As you grow your email list, you can market using email campaigns. Email is another way to deliver interesting content to an audience. The email can provide links to products and services you offer.

Solving an urgent problem

The ultimate goal of your advertising and marketing efforts is to provide a product that solves a problem. If the problem requires an immediate solution, the customer may be willing to pay for a solution. The solution needs to be the basis for all of your marketing efforts.

Use all of these ideas to get your customer’s attention. If you focus on solving a problem, your marketing can help you increase your sales.

The post Clever Ways To Get Your Customer’s Attention appeared first on Entrepreneurship Life.

Critical Decisions About Hiring Employees

As an entrepreneur, you have dozens of decisions to make. At some point, you’ll need to hire employees. The decisions you make about hiring workers have a huge impact in your business. Finding the right employees can help you increase your sales and profits dramatically. However, hiring the wrong people can be expensive and stressful. Use these tips to hire great people for your new business:

Understand yourself

One reason to hire employees is to add people who have different skills than you do. So, consider what your personal strengths and weaknesses are. One way to do this is to take a personality assessment. You can find several free assessments online.

Say, for example, that you own a small business that manufactures sporting goods equipment. Your assessment indicates that you lean toward being an introvert. If that’s the case, you need someone who is more extroverted to handle your sales. You’re hiring someone, because you know that selling is not a strong skill for you.

Making choices about your firm

As owner of the business, you get to choose many of the factors that will affect your employees. Your choices will impact a job candidate’s decision to come to your firm or work elsewhere. The decisions you make will also impact an employee’s decision to stay with your firm or search for another opportunity.

Your choices should be clearly stated in your job description and during interviews. Keep in mind that the Internet allows a huge number of candidates to find your job description quickly. Candidates can access an online job resource that allows them to search for jobs by type, industry and location.

Consider these factors regarding your business:

Salary levels: Many entrepreneurs make the mistake of not offering a competitive salary to job candidates. Money can be tight in a new business. However, many business owners find that they hire people who aren’t qualified if the compensation is too low. They spend even more money hiring, training, firing and hiring again. You may be better off by simply offering a higher salary.
Benefits: The cost of health care increases every year. Work with a benefit company to decide if you can afford to offer benefits. This is another factor that can help you attract talented people.
Work environment: You get to decide the type of work environment your employees will experience. Many companies are moving toward casual dress, including jeans. Firms are offering flexible hours and the opportunity to work from home. These factors may be important to good job candidates.

Vetting your employees

Once you write a complete job description and decide on compensation, you’ll need to interview candidates. This process can be different for an entrepreneur who is new to the process. Follow these steps to vet your job candidates:

References: One of the best tools to assess a candidate is contacting their references. Ask for former managers and employers as references. You should personally call each reference and ask for their opinion about the candidate.
Adaptability: If you’re starting a business, you have to wear many different hats. The same is true for your staff. It’s critical that you hire people who can quickly adapt to change. Make sure that your job description clearly states that the job may change over time. Ask about that topic in an interview.
Background checks: You should perform some level of background check on every candidate. An entrepreneur may need to quickly shift a great deal of responsibility to their staff. If a worker isn’t ethical, they can do great damage to your firm, including fraud or theft. Speak with an attorney to decide what type of background check is appropriate, given the job description.

Use all of these tips to write your job description, decide on salaries and vet your job candidates. Managing people can be very time-consuming. Implement these ideas to hire great employees.

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How to Estimate Costs of a Mobile App Development

If you think that a good mobile application can be build for cheap, just because there are tons of free apps out there, you are absolutely wrong. Even though modern apps development methods and technologies are developing with an enormous speed, making the whole process  faster and easier in some ways, costs required for the creation of a decent mobile application, remain virtually the same, and remain pretty high.

A serious development of a good mobile application requires a detailed planning, a perfect eco-system, a solid conceptual foundation and, of course, exceptional talent and skills in both engineering and design stages. If you stint even on one of these essential elements, your startup is doomed to failure. So, how much does it cost to build a good mobile application? Apparently, giving a valid answer to this question is hardly possible, as mobile apps development expenses depend on various factors.

Let’s have a look at the list of things, Nearshore FreezePro Software Company specialists consider before building a mobile application.

Concept and Technical Characteristics Discussion

Before proceeding with the application development, it is necessary to understand the concept of the future project, as well as client’s expectations and requirements. Thus, the first and foremost step is to arrange a meeting with a potential client and get a detailed information about the app – its main idea and functional requirements. During the first meeting ( be it an onsite visit or an online conference) we discuss technical requirements and also the initial design of the future application. For example, should it be an app designed for one specific gadget or platform, or maybe, it will be a cross-platform app, compatible with several devices. Much attention here should be paid to the functional characteristics of the future application.

When the concept is agreed and all the details are discussed we estimate time necessary for the application development and calculate costs. At this phase we share app requirements with the developers and designers who will work on the project.

Design Estimate

Generally, the amount of time necessary for creating a design of a mobile application depends on its complexity level and on the required screens and interactions. We have a skilled team of experienced specialists, who know exactly how to estimate time necessary for accomplishing specific tasks.  For instance, the development of UI visual design usually takes from sixty to ninety hours, and about 70-100 hours are necessary for creating an iPhone design.To come up with the final design estimate we also consider time required for the project management and apply an hourly rate.

Development Estimate

Upon studying functional requirements of the app, our developers give an estimate of the time necessary for its development. Depending on the app, the development time may vary from 150 to 6 hundred hours and even longer. Similarly to design, development estimate is calculated basing on an hourly rate.

Testing and Debugging

No mobile app development can be accomplished without testing and debugging. Thorough testing of an app is highly important, so this phase of the app development is also added to the overall costs of an app development.

Speaking in terms of figures, the development of a custom mobile app may cost about  $75,000 – $150,000. However, this amount can be much higher when it comes to enterprise mobile applications.

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What Types of Insurance Does Your Startup Need?

When starting your own business, you may be so focused on all of the aspects involved with getting it off the ground, from the financing to the hiring of your staff, that you may forget about the importance of acquiring the right business insurance.

There are several different types of business insurance available, but what types do you absolutely need for your startup? Continue reading to learn more.

General Liability

General liability insurance can easily be considered the insurance that will cover you for everything from medical expenses and property damage, to lawsuits involving slander, libel, and injuries. In other words, this insurance is absolutely necessary if you want to be covered and protected in a variety of circumstances when your funds and assets could be put on the line. It is especially important to have this type of insurance if you provide a service to the public.

Professional Liability

If you are providing the public with a service, rather than a product, you need to protect yourself against negligence and malpractice, and the best way to do that is by purchasing professional liability business insurance. Physicians, for example, need to have professional liability insurance because there are many risks involved with providing the many medical services available. You can opt for Bizinsure liability Insurance, as it is a great place to start to get the coverage that you need to protect your assets.

Product Liability Insurance

If your business creates products and sells them to the public, rather than offering the public a service, you should get product liability insurance instead. This type of coverage will be necessary in order to protect your company from any product defects that could result in injuries. If your company is a part of the retailing, distribution, or manufacturing process of a product’s lifecycle, you should definitely look for the appropriate product liability insurance coverage. The amount of coverage you need will depend upon the type of products that your business deals with and the types of injuries that can occur from their use.

Commercial Property Insurance

Just as you have homeowners insurance to protect your house, you need to have commercial property insurance in order to protect your startup’s place of business from things like natural disasters and fires. In this way, your inventory may be lost, but you will be covered for those financial losses by the insurance provider. Just be aware that there are several different types of commercial property insurance policies to choose from. These include peril-specific options, business interruption insurance, and all-risk policy options. Look through each of them to determine which one would be most appropriate to your company.

When it comes to shopping for business insurance, you may need more than one type of policy, but if you shop smart, you can find a great provider with plenty of great options that will suit your budget. After all, as a startup, it’s very likely that you will not have a lot of funds, but you definitely don’t want to skimp on insurance.

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A Streamlined AR Process Helps You Keep Track of Your Invoices

According to Business News Daily, “Accounts receivable are the lifeblood of a business’s cash flow.” These assets, sometimes known simply as AR, help companies calculate their profitability and get a clearer picture of their earnings. As with any key business system, streamlining the AR process makes good business sense.

Many businesses send out so many invoices that it can be difficult to keep track of them all. Without a company’s clear understanding of its invoice situation, it’s little wonder that nearly one in five U.S. invoices are unpaid at any given time. A streamlined AR process helps you keep track of your invoices, giving you a clear picture of the invoices you’ve sent, which ones have been seen by your clients, which ones have been paid, and how many are still outstanding.

Most of these invoice functions are available as part of comprehensive accounting solutions. Just remember to notify your clients before implementing the software, highlighting relevant changes such as the way they’ll receive or pay their bills.

A Streamlined AR Process Helps You Get Paid Sooner

A common mistake many businesses make is failing to set clear payment terms and ensuring these are met. An invoice should never be paid simply when a client gets around to it.

Your invoice should clearly state a due date or an acceptable payment time frame after the receipt of the invoice. You may also need to revise your invoice to make it clearer for your clients to understand. If clients are unsure of how to make payments, when payments are due, or how much is owed, they’ll have to ask questions, which could delay the payment. In some cases, this confusion may cause them to neglect to pay their invoices altogether.

Sending a clear invoice encouraging timely payment is only one half of your streamlined accounts receivable process. The other is ensuring your payment terms are met. Whether you prefer to use automated software or another method, you should note when invoices are overdue and chase down these payments, following a clear schedule of phone calls, mail, and emails. Studies show that the longer an invoice is left unpaid, the less likely it is to ever get paid.

A Streamlined AR Process Helps Reduce Company Risk

There’s always some element of risk in running a business, but a good business manager knows the importance of minimizing risk wherever possible. A streamlined AR process is one area that can help companies reduce their risk.

A streamlined AR process allows your company to decide how and when you’ll be paid. An accounting company which offers payment processing as part of a comprehensive accounting solution, such as Sage debit and credit card processing, will allow your clients to pay with a range of popular credit and debit cards. While this system still gives clients a degree of choice, the options offered provide funds to your business more reliably than check or wire transfer because transactions are approved or declined instantly.

A Streamlined AR Process Helps Reduce Time Spent on Finances

Streamlining the AR process makes the accounts receivable system work more efficiently. Efficient work practices like these make good business sense because they increase productivity and reduce the amount of time you and your employees spend dealing with accounts receivable, or they can eliminate this process from your day-to-day business duties altogether.

For example, you might decide to bring in a bookkeeper or accountant, either full-time or on a contract basis, who has experience in streamlining accounts receivable processes. You might also employ an accounts receivable clerk or a collection service if you feel the process of following up on outstanding invoices is taking up too much of your time. Some accounts receivable software uses algorithms developed by accounting professionals to crunch your numbers so you can focus on other elements of your business.

For all these reasons, streamlining your AR process simply makes good business sense.

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10 Habits That Make a Good Leader

When identifying the traits that make a good leader, there is one quality that immediately rises to the top of the list, and that is confidence. This element of human behavior is the defining principle that precisely defines what a leader is. However, there are also many other lesser aspects that many great leaders throughout history have shared. In this article, ten other attributes found in powerful leaders will be examined so that a more well-defined concept of this topic can be better developed.
1. Peaceful Bravery
There is a significant difference between arrogant courage and peaceful bravery. Oftentimes, arrogance does not always provide emotional stability and is often difficult to maintain. However, true bravery is filled with peace and allows leaders to remain calm and collected in the middle of a chaotic storm, so they can make correct decisions and overcome a greater number of the adversities that they must constantly face.
2. Ability to Communicate in Many Ways
Great leaders know how to speak. They also know how to listen. They also know how to steer conversations and ask the right questions at the appropriate times. There are many different forms of communication, and a great leader is a master of each one. This communicative ability is highly intuitive and is not something that can be taught in the classroom.
3. Inner Knowledge
It has been said that a wise man knows others; however, an enlightened man knows himself. This is true with almost every great leader that has ever walked on the face of the earth. If a leader is not completely honest with himself, then he will not have the mental fortitude required to lead others. In addition, he will not have the wisdom to maintain any level of power for a sustained period of time.
4. Having a Mission and Sharing It
One of the things that draws people to leaders is that they have grand visions and want to share their dreams with their followers so they can all work together to make them come true. Many people enjoy having a shared purpose with other people, and great leaders make this happen.
5. Know How to Delegate
This could very well be the most important skill of a magnificent leader. Mighty leaders know they only have so much time and limited resources with what they can do by themselves. However, they know what areas they can assign to subordinate managers, and they intuitively know how to select the correct candidates for these roles.
6. Inspire Others
Leaders inspire others. More precisely, leaders have innate qualities that cause others to do things for them. These qualities are usually personality traits and superior oratory skills; however, the greatest leaders supplement these qualities by having a virtuous lifestyle that is free from excess.
7. Learn From Other Great Individuals
The leaders who know that they do not know everything are the wisest leaders of all because they know that they must learn from other great minds in order to keep growing as individuals. In addition, many leaders also know how to learn from regular individuals. Knowledge is knowledge, and quite often, there are lots of important things that normal people have learned. True leaders are quite aware of this phenomenon and will learn from anyone who possesses real knowledge.
8. Be Punctual
Leaders are always early. In fact, many leaders state that if they are early, then they are on time; however, if they are on time, then they are late.
9. Stay Informed About Current Events
Leaders are immersed in all of the world around them. They do not live in bubbles. They are aware of all of the current events around the globe because everything is interconnected and relevant to each other.
10. Experiment With Well-Defined Boundaries
While leaders are continually experimenting with different things, they know that they must keep these experiments within zones of practical safety. To experiment beyond these boundaries has led to the downfall of many great individuals throughout history.

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