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The Three Vacations Every Entrepreneur Must Take

Ossi Samuel

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vacations every entrepreneur must take

The Three Vacations Every Entrepreneur Must Take

When I saw this topic, I almost didn’t bother writing on it. A quick study of our website shows that most of our users are people who either want to start a business or just started a business. However, on the second thought, I decided to move ahead with it bearing in mind that vacations every entrepreneur needs can be beneficial to all.

It is like hiding a book on how to be a graduate from those aspiring to become graduates. It doesn’t help them very much. Besides, there are lots of people too who are real entrepreneurs that still use Entrepreneur Platform.

For the two reasons above, I decided to put up this short article on not just the need to have vacations but also on the kind of vacations every entrepreneur must take.

Let me remind you that all work and no play make Jack a dull a boy. There is always the need to recharge your batteries and renew your energy level if you must continue to operate at an optimal level.

So, while setting up other goals every now and then and wanting to achieve another breakthrough, remember that you must, as a matter of fact, take cognizance of the need to unplug and relax for a few days or weeks even.

While the need for a vacation is directly linked to the performance and output level, it is also a way to maintain physical, mental and emotional health.

One of the biggest mistakes entrepreneurs make is to look for the perfect time to take a break and there seems to be no perfect time because there is always something to be done. I suggest you make sure you don’t fall into that trap.

Related: 3 reasons every entrepreneur should take exercise very seriously in Nigeria

According to the CEO of Ontraport, “Entrepreneurs who lead fulfilling lives are the best leaders, period. They allow themselves the freedom to vacation and garner new ideas and perspectives while reducing stress. My advice? Take a trip that centers around something you’re passionate about.”

This is why I want to enlighten aspiring entrepreneurs on the need for these vacations every entrepreneur must have. The truth is that you may already know them but you may not have viewed them as exigent as they should be.

3 Vacations Every Entrepreneur Must Take

  1. The vacation for yourself

vacations every entrepreneur must take

The first kind of vacation you need is the one that you need for just yourself. It does not involve any other person.

It is always pertinent to take some time to personally renew your energy and recharge without the responsibility of catering for others. The location will be yours to decide but it will be decided by the things that help you recharge.

The places you will visit will have all that you require to have a great time and will receive the right inspiration. I believe you know what makes you better and the places you will get them.

While it is not always the best cause of action to travel solo, you should know that it will take traveling solo to enjoy certain vacations. Get your gear ready and book the next flight to where you will have one the vacations every entrepreneur must have.

  1. The vacation with your spouse or partner

vacations every entrepreneur must take

While taking a vacation solo is great, it does not solve all the problems. There are times you will need to travel with someone.

Now the trick is knowing the right person to travel with. Forgive me but you cannot just wake up and start traveling with anybody you want to travel with. You will need to travel with your spouse or your partner. That makes it more interesting.

Except your spouse is wrong, the person is meant to be a great source of inspiration and motivation and the time away with the person provides you the ample opportunity to recharge and refuel.

If you are married with kids, it makes it more intriguing. Parenting can take its toll on relationships and taking time away from the kids can be a great way to recharge and rekindle your love. As a matter of fact, there is a direct relationship between the kind of person you marry and the success of an entrepreneur attains.

  1. The vacation with your family

vacations every entrepreneur must take

There is no alternative to spending some time with your family. You create memories when you leave the comfort of your home and the place you are used to spending quality time with your family. This is the last of the vacations every entrepreneur must have.

You really don’t have to do something very outlandish or lavish but just time away from home could be all you need.

The emotional implication is enormous. It gives the right balance to explore the workspace. I will explain.

If you have a family that is always not connected with each other as a result of the lack of quality time, it will translate to emotional distress at work. You are going to have certain obstructions at work because you will have it at the back of your mind.

Now juxtapose the above scenario with someone who is attuned with his family and enjoys the bliss of love and care. The person performs optimally and gets the right ideas across to the family. One of the biggest motivations for success is usually the family.

Conclusion

In a world of constant change and stress especially for the entrepreneur, taking one break or vacation can pose a daunting task. How can we be talking about three? This is likely the question on your mind and it is understandable but the truth is that you need to understand the need for this break. It makes you more effective and efficient.

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Advice

How To Grow Your Side Hustle Into A Big Business In Nigeria

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turn side hustle into full business

Did you know that a lot of big businesses in Nigeria today began as side-hustles? With the advent of the internet, it is now possible to have both a side hustle that could bring you a lot of money and a full-time job at the same time.

So, what is a side hustle? A side hustle is basically a business you do part-time while retaining your full-time job. Sometimes, a side hustles has the potential of becoming a full-time business.

Having a side hustle, apart from giving you an opportunity to make extra money for yourself, can also be a good way to spend your leisure. However, turning a side hustle into a big business in Nigeria is not devoid of several challenges. So, I decided to dedicate a section of this discussion to address some of these challenges and the way forward.

Converting A Side Hustle To A Full, Big Business In Nigeria: Challenges and The Way Out

In Nigeria, our educational system teaches mostly theory and almost nothing about money or entrepreneurship. So, you’d have to educate yourself on what the education system failed to cover. Besides the faulty education system in the country, there is this misconception in the society that one always needs to have huge capital before starting a business. Well, that is not true most of the time.

Another fad that is widely circulated is that Nigerian banks do not grant loans to businesses that are just starting out. Well, you have to understand that money is attracted to fresh, new ideas and most Nigerian banks are open to helping such ideas to grow. However, in the absence of external aid, you can generate capital for your business from your savings; get a loan from family, friends, your religious circles and well-wishers. Interestingly, today you can easily save money with Sumobank and use it to finance your business startup.

As regards saving, a good book which can assist you is, “The Millionaire Next Door”. It is a classical book which teaches savings and how to survive below the income level.

Finally, there is this challenge of over-dependence on salaries or regular income without due consideration of how to grow that income. It is the mistake of one working for money instead of making it work for him or her.

These are all unique challenges any Nigerian must overcome when trying to diversify income by turning a side hustle into a big business in Nigeria.

5 ways you can overcome these challenges are:

  1. Educate yourself on finance and how to multiply money.
  2. Make your money to work for you
  3. Create an emergency fund.
  4. Start and grow a business.
  5. Collaborate with business partners.
turn side hustle into full business

A lady working to turn her side hustle into a big business

Want to turn your side hustle into a full-time business? Read the 5 important tips below.

  • Design a Solid Plan

You cannot simply abandon your full-time job for your side hustle when you have no solid plan in place. You need a plan that outlines how your business will operate once it is fully functional.

Your plan should incorporate your business’ vision and mission statements, your business values, and the goals which you have in mind to achieve in your proposed business. Outline what your business would accomplish within the first 90 days of setting it up.

  • Make Everything You Can Automatic (i.e., Automate the Operations)

Today, you can find an app on the internet for handling any aspect of your business. Automating as many things as possible would give you free time to handle other tasks that could bring you much money since you have a limited time at your disposal daily.

So, from the set-go, acquire the necessary tools which would help you to automate your side hustle into a full-time business. You can use Buffer or Hootsuite, for example, to automate your social media posting and Canned Responses from Gmail to send out recurring mails.

  • Create More Leads 

Creating more leads for your business is the quickest way to grow your business and generate a favorable cash flow system for yourself and your business. So, invest a good amount of your time and energy in publicizing your business to get more leads (i.e., contacts – phone numbers and emails) who would sooner or later become paying customers. One way to do this is to create and distribute a lot of quality contents which will attract potential customers to your business.

One way you can do this (i.e., create content) is to start a blog and use it to reach your potential customers. This would give you the opportunity to build a customized email list for your business which you can use to push out (i.e. publicize) your new products, offers, and services.

  • Take Advantage of Freelancers.

Freelancers can help you to have an incredible amount of free time by helping you perform some heavy lifting in the business. Delegate some tasks and outsource them to freelancers and have a budget ready for their payment every month.

You can give them tasks like developing your blog content and managing your social media platforms while you handle the critical aspects of your business.

  • Create and Follow Your Schedule Religiously.

You must have a schedule with which you run the day-to-day activities of your business. This would really help your business to grow rapidly. You do not want to put too little or too much time into your business. So, create a schedule that would point out your working hours, what you do each time and the expected results.

It is not enough to have a schedule. You must endeavor to follow it to the letter to achieve success at the end of the day.

Conclusion

Everything is possible in life with hard work and determination. Anybody can begin from anywhere, even the lowest bottom and climb to the top.

In life, one essential asset you always spend but can never recover is time. So, time management is very important if you want to grow your business and you can do this with automation software. Besides doing things faster and precisely, automation helps to cut down on the time which could be wasted handling recurring tasks.

Are you involved in any side hustle or thinking of starting one soon? Let me know in the comments’ section of this blog. Thank you for the audience.

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7 Stupid Mistakes Young Nigerians Make That Is Destroying Our Generation

Gudtalent Chrisent

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mistakes of young people

There has never been a more woke generation like this current one and the behavioral trend is only getting worse that if nothing is done about it, i wonder what the next generation will look like.

This is African and what works in this part of the world is different from what works in the western world.

Today, I’m sharing with you the 7 mistakes young people in Nigeria are making that won’t result to anything good by Mildred Kingsley Okonkwo.

Related: Money mistakes you should avoid

In her video, she mentioned 7 dilapidating mistakes a lot of young Nigerians are making and it will shock you to see that you’re guilty of one or two if now all of them.

Kindly watch the Video below and do share.

Let me know your thoughts in the comment section.

Also read: My 2050 predictions

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Business Growth In Nigeria: 10 People Who Will Destroy Your Business

Gudtalent Chrisent

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Business Growth

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