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9 Tough (and Necessary) Lessons Entrepreneurs Must Learn

Success

I learned that you have to trust yourself , rely on your instincts, and believe in yourself, regardless of others’ resistance, doubts or negativity. The toughest lesson I’ve learned has been to handle this constant rejection and continue to have conviction in the things I believe in. Learn true communication. Be patient.

Learning 299
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What Companies Can Learn from the Southwest Airlines Crisis

Success

An American Institute for Economic Research (AIER) article details other Black Swan examples: A “highly profitable hospital network may suffer a similar meltdown in operations under a bizarre mass casualty event” because they haven’t made any accommodations for extra space and staff and thus lose efficiency. But don’t wait.”

Learning 246
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Could Artificial Intelligence Eliminate Internships?

Allwork

From a strict cost-benefit analysis, training a revolving door of new employees who may or may not work out is exponentially more expensive than training a localized AI system that continues learning as it handles tasks. Doing so helps workers stand out, learn specialized skills, and further their careers.

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10 Best Financial Management Tools for Personal and Professional Use

Success

So, if you are keeping up with income and expenses, you can quickly pull the data without much thought. The formulas are very similar to those in Excel, so you don’t have to learn anything new if you’re accustomed to using Microsoft. This can help you figure out how much to allocate to this expense each month. No problem.

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Bankrupt and Facing a $100 million Lawsuit, This Entrepreneur Learned the Power of Grit

Success

Creating all of that content was expensive, so Goetschel built Rallio, a social media technology platform, in order to automate numerous processes that were previously manual efforts. This article originally appeared in the January/February 2022 Issue of SUCCESS magazine. The next problem?

Learning 290
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This Digital Nomad Couple Sold Everything to Travel the World in a Sailboat—Here’s What They’ve Learned About Life, Goal Setting and Relationships

Success

Ellison and Darsy learned that the most challenging (and rewarding) parts of being liveaboards in a relationship had little to do with the logistics of sailing and a lot more to do with life, interpersonal dynamics and developing self-awareness in roughly 350 square feet of space. But it is tiring, exhausting and uncertain.

Goals 306
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A Millennial’s Guide to Finances: 5 Things to Start Before You Turn 30

Success

I promise this will not be another article that berates your affinity for avocado toast (pro tip, if you prepare it at home it’s half the price!) Be more descriptive than simply “transportation” because a Lyft to the bar on Friday night should not be marked as a vital expense.

Finance 279