4 Key Tips for Aspiring Entrepreneurs

What do strong entrepreneurs do to achieve their success? While your business idea may be unique in many ways, there are always mentors you can learn from who’ve started businesses successfully and kept them going strong.

Whether your business is only a vague idea or you’re deep into building your career, these tips for aspiring entrepreneurs can help get your mind in the right place for success.

Understand Your Vision

See the future vision of your business from all sides. What does your average workday look like one year from now? Five years from now? What does customer experience look like? What is your business accomplishing? The more questions you can ask yourself about your vision, the clearer the picture will become. Keeping that vision in mind will keep you on the path toward creating it.

Surround Yourself With The Best People

You may have heard that you are an accumulation of the five people you are around the most. Surround yourself with supportive people and who are doing the kinds of things you want to do. This may mean working directly with them under your company. This may mean networking with people in your industry. It could also mean joining a group of people who get together to discuss their goals. If none of these are options, it can also mean following great people online and regularly listening to podcasts or checking out their content. Remind yourself that these people are doing great things, and so will you.

Know-How You Work Best

A crucial part of success for entrepreneurs is capitalizing on their strengths. Do you work best handling your email in the morning or afternoon? Do you need mid daybreak? Are you strong at specific tasks but could be best served by hiring a virtual assistant for others?

Know how you work best so you can do so with more ease.

Get Organized

You need to develop a clean and comfortable workflow as early as possible in your career. Many entrepreneurs develop systems like the one David Allen recommends in his book “Getting Things Done.” This book is just one example of ways productive entrepreneurs minimize their stress and maximize their productivity with systems for keeping their business and lives organized.

Essential Soft Skills for Entrepreneurs

When you think about a job, your mind may jump to the hard skills required to be successful at that job. However, soft skills are just as essential, especially for entrepreneurs. In particular, there are a few soft skills that are essential for successful entrepreneurs.

Communication

It could be argued that communication is a soft skill that is necessary for nearly every profession. Communication is especially important for entrepreneurs because they are continually meeting with their team and clients. The outcomes of these meetings are ultimate what drives business for entrepreneurs.

A successful entrepreneur will make a conscious effort to create an open environment for communication. This applies to communication with themselves, their team, and their clients. When all channels for communication are open, the entrepreneur and the business will have more success.

Negotiation

It is not likely that an entrepreneur got into the world of entrepreneurship without necessary negotiation skills. This skill is critical to help the company or organization make positive gains. To be a successful negotiator, an entrepreneur must understand where the other person is coming from. To gain this understanding, the entrepreneur will need to reflect on their communication skills to ask the right questions to gather the information they seek.

Positive Outlook

It can be tempting to give in to negative emotions when things do not go as planned. However, the successful entrepreneur knows the importance of a positive mindset. Positivity in the world of entrepreneurship is directly related to resilience. There is no doubt that there will be good days and bad days. A positive mindset doesn’t mean that the entrepreneur cannot acknowledge when things go wrong. A positive mindset means giving taking a moment to address what went wrong and then get right back to work, making a plan so that the same thing does not happen again.

Active Listening

Active listening goes hand in hand with effective communication. To be an active listener, the entrepreneur must avoid distractions and focus on what their communication partner says. This cannot be easy in a fast-paced environment but will pay off in the long run.

4 Leadership Tips for Business Owners

As a business leader, developing a strategy for interacting with your employees involves stimulating productivity and keeping morale high. You can achieve both of these goals simultaneously by presenting yourself as a positive role model. The following tips can help you improve your relationship with your employees, so you will all work well together.

Share Your Mission Statement and Goals

The leadership challenges you experience may be a result of communication unclear regarding the goals and philosophy you have for your business. If your employees don’t know your objectives, they’ll have a more challenging time helping you meet them. Take the time to define your goals clearly, so everyone will be on the same page.

Set a Good Example

When your employees see you give in to bad moods, react to others with frustration, or behave in a generally negative manner, they’re going to assume this is acceptable behavior. Before long, your business will be suffering from a toxic work environment that will impede productivity. The reverse is also true, however. If you can present yourself as enthusiastic, cheerful, and energetic, your positive demeanor will infect the rest of your staff even on your bad days.

Transparency Encourages More Participation

When you adopt a more transparent management style, your employees will develop greater interest in the company. This involves meetings and communication that lets your employees know what challenges the business may be facing and your plans for meeting those obstacles. You may even benefit from asking your employees for suggestions and solutions. By encouraging more participation, you’ll be helping your employees feel like they’re integral parts of the organization.

Recognize Accomplishments

When your team reaches a goal or performs better than expected, don’t take the credit for that yourself. Instead, recognize the hard work and dedication that your employees put into achieving that goal. Alternatively, it would be best if you were willing to take the blame for failures. When a mistake occurs, try not to shift blame to your team, because this can lead to negative feelings and low morale.

In general, taking the time to lead by example and promote open communication lines will help you lead an active and productive team. Your employees will become more efficient in meeting your goals when they understand the direction you have for the company. Driving with a positive and energetic demeanor will help you bond with your employees and create a team that works well together.

The Future of Entrepreneurship

Americans have always valued entrepreneurship. The classic American success story involves arriving as an immigrant, starting a business and scaling it up into something impressive. While that’s an enduring template, it’s essential to acknowledge the way entrepreneurship evolves. The economy is always changing, and the roadmap to business success changes from era to era.

For the year 2020, there are several significant trends to note when it comes to entrepreneurship. The first is the type of people who are starting new businesses. In 2020, many entrepreneurs are young. Four percent are under 30. That’s not a huge percentage, but it’s a significant number of individuals. Remarkably, so many young people are taking substantial risks early in their careers.

The second trend of note is the type of business people are starting. Instead of opening stores or becoming general contractors, most new businesses are service-related. That can mean business services, food service, or lifestyle services like coaching and personal training. The knowledge economy is becoming more important all the time. General retail and home services each account for less than 10% of the new businesses being started.

The way that entrepreneurs are going about their business has also changed. In the past, it was an advantage to be able to do more than one thing well. That was true of many retail and service-based enterprises. With the ubiquity of Amazon and Walmart, there’s no need for more entries into that market. The real way to succeed as an entrepreneur in 2020 is to niche down. By providing a particular service to a specific market, new businesses can thrive. The detail is where many people and businesses need the most help right now.

Another trend in the way new businesses are coming together in partnership. In the past, there was a big dividing line between tech and other industries, especially in the startup phase. Today, it’s common to see partnerships where one party handles the marketing and sales, and the other controls the coding and development—finding a trustworthy partner with a complementary skill set has always been a key for business success. It’s good to see effective communicators and great engineers coming together and achieving greatness.

7 Tips for Retaining Your Best Employees

A good employee is an asset to the company. Good employees can lead to an increase in sales and customer satisfaction. Retaining good employees is the key to the success of your business. The evolution of the workplace has made it hard to retain good employees. Job hopping has also made it hard for employers to keep their employees. The following are the best ways to retain your best employees.

Quality Supervision

Poor management can make you lose your best employees. Most employees leave their workplaces because of supervisors and managers more often than they would leave because of their job. Managers should provide feedback about performance. They should also clarify the expectations and potential earnings.

Create a Good Working Environment

Employees should feel included in the company. A firm that celebrates diversity in the workplace can encourage the employees to stay. Companies should develop incentives such as fitness centers to make it attractive to retain the top talent.

Provide Opportunities for Growth

Top talents want to work where they can grow and learn. Employees are likely to stagnate if they do not have new opportunities. Managers should organize workshops and seminars. Career-oriented employees must experience growth opportunities in the organization.

Appreciate the Employees

Managers should respect and recognize their employees. The common forms of appreciation entail bonuses, gifts, and monetary rewards. Commissions should also be calculated daily. This can raise motivation and help retain good employees.

Create a Work-life Balance

Companies should understand that employees have a life outside their work. You can quickly lose your top talent if you consistently ask them to work late and to come early. Technology has made it possible for employees to work remotely. Working remotely provides flexibility that employees would want.

Manage your Employees with Trust

Managers should promote open communication in the company. This helps to build trust between the employees and the management. Company leadership should also rely on transparency and relationships. Employees are likely to stay in a company when they have confidence in the management.

Hire the Right Person

The company should hire the right people for the right positions. The job descriptions should be updated periodically. Recruiters should ensure that candidates have the required skills. It is also easy to retain trained personnel.

CHAMPS BOXING™️ Sponsors Local Race

This past weekend, David Jeansonne and his latest venture CHAMPS BOXING™️ sponsored the fourth annual Bursting with Speed 5k and half mile race!

The Bursting with Speed event is held in memory of Benny Burst, a faith-filled family man, and an avid runner. Burst was a native of the New Orleans area. In June 2013, Burst was diagnosed with Acute Myeloid Leukemia and began chemotherapy. A few months later, Burst lost his fight, and that is why the Bursting with Speed race is held to raise money for the Leukemia and Lymphoma Society (LLS). The LLS is the largest voluntary health foundation devoted to funding research, finding cures and ensuring access to treatments for blood cancer patients.

The race is hosted by the New Orleans Track Club, a not-for-profit organization and a member of the Road Runners Club of America and USA Track & Field. Additionally, CHAMPS BOXING™️ and other local organizations were able to sponsor the event. Pre-registered participants were eligible to win cash prizes and gifts donated by CHAMPS BOXING™️ and other sponsors.  

CHAMPS BOXING™️is proud to support its local community. To learn more about CHAMPS BOXING™️, visit their website at ChampsBoxing.com!

 

David Jeansonne is the founder of Traffic Jam Events™, a nationally renowned automotive-marketing firm. He is also an award winning entrepreneur and business strategist. Read more of his entrepreneurship advice or check out his Twitter!

CHAMPS BOXING™ Featured on WDSU-TV

I recently recognized a huge opportunity in our city for a group fitness program that conforms to literally everyone.  While group fitness will always be in a multi-person setting, the concept should focus on you as an individual.  My goal is to bring the community a revolutionized, safe way to get a great workout in a fun-for-all format—without the quick burnout that a vast majority of people hit after a few short months.  Most programs boast about creating a “lifestyle”, but then promise to get you “fit fast”.  I am after something better.  Much better.

 

A program unlike the standard, cookie-cutter franchise facilities that ask you to comply very specifically to their regimen burning out everyone except the most experienced fitness guru long before you reach that first level of fitness goals, much the second and third phases of fitness lifestyles. So, this new group fitness boxing craze has certainly surpassed the trendy stage.  There is something that is so individualized about you and that bag that seems to separate each person from the group—giving you the ability to “Leave It All On The Bag! ™”. After researching this Boxing-Inspired Group Fitness I saw my vision in this but it needed some tweaking, when someone told me “I think a water filled punching bag would really warrant the concept to cater to virtually everyone. Well,I never thought twice, I never looked back! I soon realized and proved this product Delivers the best workout possible.  If you’ve done it, you absolutely understand …If you haven’t, you are about to find out!

 

As the old saying goes “Don’t Over-think it” …Says who?! I have overthought every piece of this concept to deliver the best possible brand to our members, including the latest technology-driven, revolutionized, reinvented punching bag; The Hydroblast™ bag absorbs strikes, providing a life-like feel with no recoil impact with no joint pressure, unlike the traditional six foot tall sand filled bags that are basically obsolete. Now, they will soon be! We combined that incredible technology with a carefully designed layout, the best centralized location with more than enough parking, energetic color combinations, the easiest paperless finger vein membership software…Okay, you get it.

 

We are a 28 Bag studio that you will see is the perfect size to get that Group Fitness feel while not feeling like you’re working out in a crowded room. We even designed a customized timer that we put our handcrafted music playlists into that fit virtually every walk of life… Hence our Mission; to cater to “Everyday People”. You won’t find heavy metal or hardcore rap music in our classes, but you will hear everything in between. I have combed this city and others for an open floor plan facility that offered what I had in mind when it came to being kid friendly, as in truly kid friendly. I could not find one. On any given day you will find multiple children 3-12 years old dancing on our Retail Therapy™️ floor dancing to Don’t stop believing by Journey while their Mom or Dad…. or BOTH are Boxing and working out to it just 5 feet from them! Nowhere in this city or others will you find a facility where couples, siblings, and full families are all working out with friends (both old and new).  Everyone leaves laughing while they are dripping with sweat! …. Enough Said. 

The location is 4650 West Esplanade Avenue near Clearview in Metairie, just minutes from any part of the city while avoiding the daunting trek and traffic down Veterans Boulevard.

 

I look forward to seeing you soon!

David Jeansonne, Founder

3 Helpful Tips for Starting a Business

Starting a business is challenging, and no successful entrepreneur starts a company overnight. While there is no perfect formula to follow to become a prosperous business owner, there are a few beginning steps that can set you up for long-term success. Here are my three helpful tips for starting a successful business.

 

1. Educate Yourself

Passion drives flourishing businesses, but no company can be successful without knowledge. This is why it’s vital to educate yourself on business practices and industry knowledge. Try to absorb everything that you can. Mike Kappel, the CEO of Patriot Software, LLC, recommends listening to what others have to say, including friends, family, and experts. By talking to others, conducting research and reaching out to experts in the field, you’ll gain helpful knowledge and advice. While you are learning, be sure to keep notes and start developing your business plans. Don’t forget to conduct research on target markets, estimate profits, and find out legal requirements. The more you learn initially will help develop your business success and hopefully prevent surprises down the road.

2. You’re Going to Need More Money

Cash flow is the lifeline of all businesses and an important measure of success, and you’re going need to a lot to start a company. Conducting research will help you determine how much it will cost for you to develop your product and service and what price you need to sell at to make money. Brad Sugars, the founder and chairman of ActionCOACH, suggests overestimating expenses and underestimate revenues. “I’ve never seen a startup business where expenses were at least 30 percent more than initially planned or anticipated, and revenues are at least that much less.” Sugars writes. It also may be necessary to contact investors for business funds.

 

3. Take Advantage of Free Resources

As a startup, you’re going to have limited funds, so take advantage of free resources. Whether you need help creating a website, developing a logo, or making business cards, there are so many free sources that you can use. There are free resources that can help build a business profile, create a website, develop social media practices, help track productivity, and even assist with accounting and payroll needs.  

 

Becoming a business owner, especially a successful one, takes much more than just following these three tips. However, educating yourself, managing cash flows, and using free tools are great beginning steps to take. Success does not come overnight, but these tips can help get you started.

 

David Jeansonne is the founder of Traffic Jam Events™, a nationally renowned automotive-marketing firm. He is also an award winning entrepreneur and business strategist. Read more of his entrepreneurship advice or check out his Twitter!

David Jeansonne’s Newest Venture: CHAMPS BOXING™️

David Jeansonne has recently opened his newest venture: CHAMPS BOXING™️, a boxing-inspired group fitness gym. Jeansonne’s new venture introduces the latest HYDROBLAST™️ punching bag technology.

Jeansonne had the idea for CHAMPS BOXING™️ after realizing that was a lack of group fitness workouts in New Orleans, Louisiana. His goal was to build a gym that enables group workouts, yet is still focused on the individual. CHAMPS BOXING™️ was created to not only to help the New Orleans community get fit but also have fun while getting the best individual workout possible.

 

CHAMPS BOXING™️ is not like other gyms or franchises because Jeansonne and his team created a group fitness program that conforms to literally everyone. David Jeansonne is one of the four trainers at CHAMPS BOXING™️and hosted the first ever sold out class!

My goal has been to bring the community a revolutionized, safe way to get a great workout in a fun-for-all format without the quick burnout that a vast majority of people hit after a few short months,” Jeansonne said.

 

Additionally, CHAMPS BOXING™️ is the only gym that offers the revolutionary HYDROBLAST™️ punching bag. These punching bags are filled with 19 gallons of water, giving you the capability to workout hard and Leave It All On The Bag!™️ These bags are designed to reduce impact on joints and muscles. Each class is 60 minutes of high-intensity interval training utilizing both cardio boxing and resistance training. CHAMPS BOXING™️ offers the best 2-for-1 full body strength workouts that builds lean muscle while burning calories!

CHAMPS BOXING™️ recently had their official ribbon cutting on February 22 where officials believe the new business will create a splash in Jefferson Parish. Both Councilwoman Jennifer Van Vrancken and Parish President Michael Yenni spoke at the ceremony.

 

Body by CHAMPS™️ is the recipe for everyday people to reach their long-term fitness goals. Join their recipe for success by working hard, and having fun. CHAMPS BOXING™️ is the most interactive, fun, and effective lifestyle workout! Try our classes out today and see how we can turn your “routine” workout into a one-hour way of life at CHAMPS! See more at ChampsBoxing.com.


David Jeansonne is the founder of Traffic Jam Events™, a nationally renowned automotive-marketing firm. He is also an award winning entrepreneur and business strategist. Read more of his entrepreneurship advice or check out his Twitter!

How To Maintain a Work-Life Balance While Becoming Successful

Maintaining a work-life balance as an entrepreneur or business owner can be very challenging, especially when it feels like you are “always on” the job. Advances in technology make it even harder to ignore emails, phone calls and leave work at the office.

Many people have a pre-established belief of what the “price of success” is, whether it’s earning a college degree or working more hours than the average employee. While these things certainly provide an advantage, the truth is that many successful entrepreneurs create a unique path to success, bypassing the social standards through discipline and extreme dedication to their business. Some have Master’s degrees, others have minimal schooling – but they all became extremely knowledgeable about their business through passion and experience.

“Don’t confuse schooling with education,” Elon Musk, founder, and CEO of SpaceX and co-founder and CEO of Tesla recently said. “I didn’t go to Harvard, but the people that work for me did.”

My path to success began when I dropped OUT of school in the 10th grade. I went on to build multiple successful businesses from scratch, including an industry-leading, 20-year automotive marketing firm in Traffic Jam Events. I did not develop these companies with a 9-5, 40-hour work week. Putting in extra hours to hone your craft is just one of the many sacrifices a successful entrepreneur often makes to get ahead of the thousands of competitors in their industry.

 

To be successful you will have to put in hard work and dedicate many hours, however if you follow these three tips, you will be able to somewhat maintain a work-life balance while also achieving your goals.

Unplug

If you feel like work always surrounds you, it’s because it is. Technology has made it so easy to be continually connected to work. However, it is critical to step away from emails and calls before they consume both your professional and personal life. Luckily, almost every piece of technology can either be turned off or set on do not disturb. When you are continually connected to work, you can’t devote yourself entirely to either your personal life or your work. If you do not set aside time for yourself, you will never be able to unplug.

Prioritize

It is essential to prioritize your tasks so you can get critical tasks done first. Making a list of everything that has to be completed today, this week and this month will help you prioritize. Lists help you understand what needs to get done during the day and getting it done first, thus preventing scrambling after hours to finish up. Don’t forget to prioritize yourself, your needs and your hobbies!

Set Boundaries

Be sure to set boundaries for yourself when it comes to personal and work time. There will always be more things to do. However, small things can be put off or even allocated to other people. If you do not set aside personal time, you will never be able to step away from the office.

A work-life balance can seem impossible to maintain because today’s technology makes business owners, entrepreneurs, and employees accessible around the clock. Unfortunately, we work extended hours, on the weekends, at home and on the move. Are there wealthy business owners who work 9-5 or less every day? Yes, and most of them enjoy those hours now because they powered through 80-100 hours a week when their business was merely an idea. Whether it takes one year or 20, the grind and discipline are significant factors in an entrepreneur’s success.


Ok, now that I wrote this and I truly mean it, if anyone knows how to help me actually do it please contact me ASAP. Until then I will thank and love my family for putting up with me…. and my phone!


David Jeansonne is the founder of Traffic Jam Events™, a nationally renowned automotive-marketing firm. He is also an award winning entrepreneur and business strategist. Read more of his entrepreneurship advice or check out his Twitter!