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Startup Port Newsletter - Issue #14


Startup Port Newsletter

September 28 · Issue #12 · View online

Create + Collaborate + Launch

We are pleased to send you this edition of the Startup Port Newsletter. A lot of good things happened lately. We have been very busy striking new partnership, alliance and collaboration deals with the best industry solution providers in their fields. We are also managing our time as best as possible to tackle all that matters the most for us and the startups we help succeed.
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Thank you for taking the time to read our Newsletter.

Speaking of time management…
Time is a limited commodity
The key to success is not hard working but smart working. Sometimes, working less can actually produce better results. Consider a small business owner, who works non-stop. However, working hard won’t help you compete with his multi-million competitors. There’s a notable distinction between being busy and being productive. Being busy doesn’t necessarily mean you’re being productive. Being productive is less about time management and more on managing your energy.
We don’t become more productive overnight. Like everything in life, it requires efforts. Change doesn’t happen if you just sit there and wait for it. It’s important for all of us to learn more about our body and find ways to optimize our energy for a more successful and happy life.
Sometimes, working less can actually produce better results.
And don’t forget: There is NO “Ctrl-Alt-Del” for your time, you simply cannot reset or rewind it. So use it wisely!
The more you know, the more you know you don’t know
Recently I read and article in the Entrepreneur Magazine about the different stages of startup entrepreneurship and came across one of Aristotle’s quote. I remember vaguely reading it back in school eons ago.
 Aristotle said, “The more you know, the more you know you don’t know.” 
As an entrepreneur trying to start your own business, you will learn that there is a lot for you to know and you will need to find ways to learn fast!
Debunking 17 of the Most Common Startup Myths
Building a successful startup takes time, money, labor, and know-how. Unfortunately, there is a lot of entrepreneurial and startup advice online that simply isn’t true. Young companies—especially those that are starting from scratch—often rely on advice from trusted online sources to get started. Unfortunately, some of that advice can damage their ability to get a profitable company up and running.
In this blog post, we’re going to tackle some of the most prominent startup misconceptions that plague young companies and discuss why they’re not all true.
The No. 1 Reason Why People Don’t Succeed
Sara Blakely’s unique lesson on success.
Gene Hammett, the host of Leaders in the Trenches podcasts, interviewed the founder of Spanx, Sara Blakely, at the Spanx headquarters in Atlanta.
If you’re not familiar with Blakely, she is known for her revolutionary shape-wear product released in 1998. Since then, Spanx has solved the wardrobe woes of women around the world by designing bras, underwear, leggings, and other intimate apparel in a way that has changed the way women feel about their bodies. Blakely herself has significantly risen in popularity and wealth, with a net worth of $1.1 billion, according to Forbes
In Hammett’s conversation with Blakely, shared in an email to his readers, he asked her about her current challenges running her apparel empire. Blakely’s answer left Hammett floored and confused. But as he thought further, what she told him also made him a bigger fan of Blakely than ever before.
The wildly-successful Blakely admitted that she still struggles with doubt and fear. She then told Hammett something that may be holding back thousands of people from fully realizing their potential:
Your negative self-talk is the No.1 barrier to success.
Mentors or Mirrors?
In his new book Die Empty, Todd Henry explains how even bright and skilled people can become stagnant in their career and introduces approaches to help them create work they can be proud of. In this edited excerpt, Henry outlines strategies for engaging people you trust to help you stay on track with your goals. 
Just as a mirror allows you to see your true appearance, other people in your life can help you see beyond your assumptions and blind spots.
No matter how confident you are in your abilities, there will come a time when you are uncertain of the next step. In these situations, it’s important to have someone who can help you stay aligned and remind you of what’s truly important.
Are there people in your life who have full permission to speak truth to you about what they see? These kinds of relationships are not easy to cultivate, because you must find people you trust and respect, and who you know will speak out of a genuine concern for your best interests rather than as a way to influence you toward their own. However, if you can identify a few people to play this role for you, it can provide you with a tremendous amount of confidence because you know that others are also watching out for you.
Selling is as important as having a great idea in the first place
Selling is everything!
Here are some sobering statistics for entrepreneurs. In 2011, more than 400,000 new business entities were launched in the United States, but 34% (that’s 136,000 businesses) of those companies are now out of business. Two years from now, less than half will still be around. By 2018 only 30% (120,000) will have survived.
What’s behind these failure rates? In many cases it’s a lack of salesmanship. These entrepreneurs all think they have something unique to offer the market, but they often fail to grasp that selling is the heart of any commercial enterprise. It’s simple: without sales, there is no income and no way to keep a company alive.
So what is Startup Port all about?
At Startup Port, we understand the role that your surroundings can play in the success of your ventures. We have gone out of our way to create an empowering startup ecosystem specially designed to offer our founders and entrepreneurs enhanced value at this critical early moment in their business.
Whether this is the first time or the 21st time you have launched a company, entrepreneurship is hard. It requires massive amounts of dedication to build something that truly gains traction and finds a core audience to support it.
It helps to have a supportive community behind you.
Do you want to find out more about the benefits of Startup Port? Contact us today!
If you like this newsletter, please share with a friend, a colleague or better yet a young entrepreneur.
Copyright: Startup Port © 2008-2018. Startup Port ®, StartupPort, Startup Port Launch Pad, Sprint 90, Startup Port Co-Foundry are Registered Marks.
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