Our global community continues to grow at a rapid pace. Despite the apparent setbacks businesses endured during the COVID-19 pandemic, many found solutions to avert the crisis and emerge stronger.
Entrepreneurs think on their feet and bring innovation to our doorstep. There is a lot to learn from the business world, and yes, Elon Musk is not the only person to look up to and aspire to be.
Five lessons from Institutional Investors
Here are five lessons we learned from the business world.
Fear of failure
The fear of failure should never bog you down. Statista reports that 35.1% of United States entrepreneurs experience the fear of failure. If you fear failing, you’ll never realize your dreams. It may be tough to start with but chase your dreams. Remember, “when the going gets tough, the tough get going,” — Billy Ocean.
There is always a solution
During the pandemic, businesses were forced to turn to a virtual workforce. Unified Communications as a Service (UCaaS) solutions became a necessity rather than a luxury. The plus side is the realization of the future – the increasingly decentralized nature of enterprises means that permanent headquarters and office commuting may no longer be a given in the future.
Many businesses have adopted work from home (WFH) as a permanent fixture, including Facebook, Atlassian, Dropbox, and Coinbase.
Fear of Missing Out (FOMO)
The fear of missing out drives us to do many things. Bitcoin is the perfect exponent of FOMO. The cryptocurrency does not offer worldly value, yet the FOMO leads groups of people to invest in the crypto token as and when its value grows at the slightest or news suggests the possibility of the same.
Work and Play
Do not mix work and play. Yes, you need joy in your life, but not at the expense of your work. First, accomplish whatever you have to, and then enjoy yourself. There are numerous accounts of top professionals mixing their professional lives with their personal lives and tarnishing their image, and/or landing in deep trouble.
Innovation is the Only Constant
You cannot live a life based on past laurels. Businesses have to innovate to stay relevant, and so do you constantly. Upskill, learn and grow on the go – that’s the only way forward in life.
Love life and live life. Living is a process of constantly learning and growing. There is something to learn from each walk of life, so keep your eyes and ears open and analyze what is in front of you.