When you’re a new entrepreneur, what’s one task that should always be on your daily to-do list, and why?
These answers are provided by Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most successful young entrepreneurs. YEC members represent nearly every industry, generate billions of dollars in revenue each year, and have created tens of thousands of jobs. Learn more at yec.co.
1. Finding ‘You’ Time
It is important for a new entrepreneur to look after themselves. If you are not looking after yourself, it will be impossible to be at your best and grow your business.
2. Reading Books by Other Entrepreneurs
Reading books will give you knowledge, skills and advice rapidly. You will be able to learn from the best with even a few pages a day. Grab a book from an entrepreneur in your industry or about a topic you need help with. Those authors have spent their whole lives in the same process you are currently going through. They’ve left behind pages of what worked, what didn’t and what they learned.
3. Getting to ‘Inbox Zero’
On a daily basis, entrepreneurs should strive to get their email inboxes to zero. Take a few moments to consciously review all correspondence at least once per day and then respond, delegate, defer or delete! This simple routine will help ensure critical tasks and deadlines don’t slip through the cracks.
4. Scheduling Daily Tasks
If you’re going to survive as an entrepreneur, you’ll need to learn how to budget your time. Scheduling daily tasks in advance to cut down on waste and remain lean will help you maximize your efficiency and promote a healthy work-life balance.
5. Building Meaningful Connections
Building meaningful connections and making the most out of each communication should be one of the cardinal parts of the daily to-do list for new entrepreneurs. New introductions should be treated as opportunities to build a legit network for influence building and word-of-mouth marketing. Budding entrepreneurs should make a habit of this and meet any person who can be the next step toward growth.
6. Reading Reviews
As a new entrepreneur, it is important to listen to what your community and customers have to say. Read reviews, check social media, check your inbox and look anywhere people discuss your products every day. Listening to feedback and acting on it quickly are key. Also, by staying active in relevant communities, you have the opportunity to solve user pain points that larger companies are not solving.
7. Meeting With Your Team
You should have a quick standup meeting with your team to see if everything is on track and if anyone needs help with their tasks. In my experience, when your employees know that you keep a regular check on things and are always available for valuable feedback, team productivity goes up. A good productive environment can really help your business grow.
8. Checking In With Your Business Vision
Check in with your original vision to make sure you haven’t gotten lost. Remember: There’s a big difference between necessary, conscious pivots and falling down rabbit holes. These quiet moments to check your work against your original mission will keep you grounded, show you how far you’ve come and let you course correct if you’ve become consumed by distractions.
9. Reviewing Daily Sales
Review daily sales to ensure you hit your break-even point. As entrepreneurs, we love seeing revenue coming in. Make sure you have the daily report that not only tells you what sold today, but also lets you know quickly that you are on track for cash flow and goals. Pivoting quickly is crucial for lasting long term as a business.
10. Posting to Social Media
The one task every new entrepreneur should do is post to social media daily. Truthfully, it should be two to three times a day. Post to industry or group accounts too, besides your own. Everyone depends on social media now, and posting that you’re open, posting about your sales or posting to feature a product gets eyes on your business.
11. Learning a New Skill
Learning a new skill should be on your daily to-do list. You won’t be able to mark it “done” on a regular basis because it takes time to acquire new skills, but you should consistently strive toward it. Learning helps you be better than you were yesterday and fuels your growth. It boosts your efficiency and increases your chances of success.
12. Exploring New Ideas
Being a new entrepreneur, you should always explore new growth opportunities concerning your niche. Spend at least an hour each day exploring new ideas and shortlisting the ones that show potential by the end of the week. Work on the feasibility of shortlisted ideas and create an execution plan accordingly.
13. Listening to Industry Podcasts or News
It can be very tempting to get tunnel vision all day every day, but you miss key insights and conversations that are happening in your industry. This is one of the best parts of my daily commute. I get really excited hearing about the new ways my peers are solving problems or innovating.
14. Monitoring Analytics and KPIs
I believe all new entrepreneurs should spend an hour each day monitoring their analytics and key performance indicators. You have to be hypervigilant during this phase if you want to see your online store thrive. Look for abnormalities and ways you can improve. You’ll also want to keep an eye out for strategies that are working for your small business.
15. Reminding Yourself of Your Higher Goal
One powerful daily to-do is reminding yourself of your higher goal, whether it’s to serve a specific number of customers, make a difference in your community or something else. This will help keep you motivated and focused on what’s important, even when the going gets tough. Additionally, remembering your higher goal will help you stay laser-focused on the tasks that will help you achieve it.
The Worst Mistakes that a Vacation Rental Business Can Make
There’s no doubt about the profitability that well-run and well-managed vacation rental businesses have. However, a new vacation rental business owner may make some mistakes, which can be costly in the long run.
In this post, we’ll take you through all those mistakes, so you can steer clear of them and guide your business towards success.
1. No dynamic pricing
One of the most challenging aspects of a vacation rental business is to set the pricing. The simplest thing to do is to break the pricing down into peak season prices, i.e. higher prices owing to higher demand, and off-season prices, i.e. lower prices owing to lower demand. However, dynamic pricing makes for the better choice.
Sure, to implement a dynamic pricing mechanism, you need sophisticated tech, which needs investing in. However, if you do, you can fix rates based on various factors like availability, demand, and local events. There are some services that provide dynamic pricing expertise as well such as PriceMethod and Smart Host.
2. Listing on just one or two platforms
You want your vacation rental business to be found by your target audience, right? If the answer is yes, you can’t afford to list your business on just one or two platforms. Sure, you should target listings on the best online travel agents (OTAs). However, just because you secured a listing on Airbnb and HomeAway doesn’t mean that your job is done.
Ideally, you should get your business listed on smaller platforms as well. Sure, the smaller platforms may not command huge audiences like HomeAway and Airbnb. However, they can go a long way towards increasing the exposure of your business.
3. Lack of quality photos
You’d be doing a disservice to your prospective guests if you don’t provide them with high-quality photos of your property. It’s important to remember that the best vacation rental businesses are hiring professional photographers and videographers. So, you can’t afford to upload photos you captured on your phone camera.
You should have multiple photos of every room from a variety of angles. Also, if your vacation rental business is located somewhere scenic, take some nice photos of the views as well. Your property photos should also be honest – don’t try putting filters on them to enhance their appearance. Ultimately, when guests do arrive, they’ll find out what the real deal is, so there’s no point in faking things.
4. Insufficient facilities and amenities
Even if your vacation rental business caters to a low-budget audience, it can’t be missing basic facilities and amenities. For instance, free Wi-Fi is something that guests (irrespective of their budgets) take for granted these days. However, if they turn up at your place and find out that there’s no Wi-Fi, there’s no way that they’re going to forgive you.
Also, take into account the facilities that your guests might want depending on the climate of your location. For instance, if your vacation rental business is situated in a cold region, you have to provide heating. On the other hand, if it’s really hot and humid in your location, cooling and/or air-conditioning should be provided.
5. Poor hospitality
Your vacation rental may be loaded with the best facilities, but if you don’t pay attention to how you’re hosting your guests, those facilities will count for nothing. Remember, at the end of the day, what your guests really want is to be treated well. So, if you’re running your vacation rental business by yourself, always wear a smile and try to accommodate your guests’ wants.
If you’re employing others to take care of the hospitality part, invest in training them. Also, pay them well. Quite simply, if they’re well-remunerated, your vacation rental staff will be happy, and happy hosts will always be able to take care of your guests properly.
6. Lack of maintenance
A vacation rental business that isn’t well-maintained is bound to end in failure. Think about it – would your guests like it if they arrived and found problems in the plumbing? No, right? So, maintain every aspect of your vacation rental. If a bed is damaged, get it repaired or replace it without giving it a second thought. The point is to offer your guests as much comfort as possible.
Regular maintenance can also prevent severe damage to your property, which tends to be more expensive to repair than repairing things as soon as you find something problematic. So, maintain your property, and the money you spend in maintaining it will come back to you several times over.
4 Tips to Improve Your Management Skills
A team is only as strong as its weakest link.
And if the weak link is a team manager, it’s a setup that will dismantle success before it starts.
But a strong and well-respected manager can help teams cooperate, thrive and drive results on an individual and collective level. If you’re looking to become a better manager with the skills to mobilise your team, these are just four tips to take your leadership talents to the next level.
1. Encourage communication
Too many managers spend their time wondering why their staff aren’t satisfied.
But in reality, the best way to find out what your team needs is simply to ask. Make regular check-ins a part of your routine as a manager, and foster a culture in which people feel they can come to you with any issues they may be facing.
Remember too that as a manager, there will often be elements affecting an employee’s work life that are out of your control as well as theirs. In these situations, remain professional but supportive and offer to help find solutions as best you can.
Equally, as a manager you should also be amenable to feedback and able to take constructive criticism as an opportunity to improve your own leadership abilities.
2. Get your hiring right
Recruitment isn’t just about hiring people with the right skills – it’s also about who is a good fit for the team.
Start by filtering out those with the professional skills you need – hiring softwares like Oleeo will help you narrow down the applicants to find the best of the best. From there, you can start your preliminary interview process, where you’ll get a feel for the candidate’s personality to gauge whether they’ll get along with the team and uphold the culture of your company.
3. Deliver praise
Everyone likes to be recognised for their achievements, and a good manager knows the value of delivering praise when it’s deserved.
You don’t have to make a fuss. A simple thank you for a job well done lets your staff know that you value their skills and abilities. People won’t go the extra mile if they don’t think it’s worth their while, but if they know that their hard work will be appreciated, they’ll be far more willing to go that bit further.
4. Share responsibility
As a manager, delegation is crucial to ensure that work is completed in a timely fashion by those with the appropriate skills.
And sharing that responsibility also enables your staff to feel trusted and respected, and gives them opportunities to develop and try new things.
Ensure when giving new tasks to team members that they have adequate support in place to make the best of their duties, but don’t be afraid to give them a little space too in order to build their confidence.
Looking for ways to support your team and become a better manager? These are just a few tips to help you hone your leadership skills.
The Extensive Role of SEO in Online Marketing
Many assume that search engine optimization is about improving their site’s rankings in search engine results, even though they need to gain more knowledge of how it works. However, effective SEO in San Diego entails much more than that.
Outstanding SEO should function as a component of your company’s online marketing initiatives to increase brand visibility, draw visitors to your website, boost conversion rates, and enhance your brand’s reputation online.
Modern SEO Marketing Analysis
When you work with a San Diego SEO business, you receive quick access to some cutting-edge tools. We have the advanced tools your business needs to acquire a competitive edge in the online environment of today, ranging from high-quality onsite SEO tools to a variety of resources for link building and thorough keyword research and analysis.
Today, it is impossible to overstate the value of SEO. Hire a reliable SEO business that provides high-caliber SEO services with demonstrable outcomes.
Activity in Social Networks
How can social media help SEO?
- Local Facebook advertising will benefit the business in some way. However, it will also assist you in attracting high-quality visitors to your website. Launch contextual advertising campaigns, link in posts on your brand page, and post about your company in groups or on related topics;
- It’s simple to promote locally on Instagram. In publications, you may frequently notice how firms indicate their location. The location where the photo was captured may sometimes be incorrect. The target audience is typically located in some form of an area. You can also increase the appropriate traffic with this method;
- Local YouTube promotion is a different story. This social media site frequently suggests films to users based on their current location. The social media network also creates a list of trends, or the most popular videos in the area, based on the user’s server. Consequently, if you choose to maintain a YouTube channel, you should make a financial commitment to contextual advertising campaigns.
Firstly, Search Engine Optimization is the process of making your company look out in search results on Google or Bing. Regardless of the industry, it is a digital marketing strategy that offers San Diego firms the biggest return on investment. In this article, we invite you to explore critically important local keywords for your local SEO in San Diego:
- Healthcare. Excellent regional healthcare is available to San Diego residents. A robust healthcare system in Southern California includes urgent care centers, pharmacies, and private clinics. Your healthcare website should be optimized for local search engines (SEO) to ensure it gets seen as far as possible;
- Fintech. San Diego’s fintech businesses should be aware that locals want to use financial services close to where they are. Importance of convenience is fundamental. You must ensure that your website explains to people in San Diego the kinds of fintech services you offer, how these services match their demands, and why they should consider working with you.
Additionally, professional service firms can greatly benefit from SEO website optimization. For instance, someone seeking an accountant in San Diego is likely to type “accountants San Diego” or “accountants nearby” into their search engine. You are taking advantage of the chance to turn high-quality leads into sales if your listing appears low on their search results.
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