How to Avoid Panic by Always Being Paranoid | The Washington Whiz Kids Mapping the War in Ukraine | The Important Things You Need to Do Before Buying a Business - StartUp Mindset

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How to Avoid Panic by Always Being Paranoid - Inc.com

A good friend once told me that entrepreneurs should always be a little paranoid -- and she was right! As a risk-taking, forward-thinking, act-before-you-think-it-through type of people, it is easy for us to jump in without assessing risk. To balance this life and work style, we need to maintain a healthy dose of paranoia to keep us ready for disaster. The same way you have trusted your gut to start your business is the way you should when you have a nagging sense of unease.

It is so easy to look over flaws or potential challenges and hope for the best, but your business needs you to never let down your vigilance and attention. The trick is to never be satisfied, which is often characteristic of entrepreneurs. Even though you should celebrate your successes, you can never let down your guard. Here are some reasons you should be paranoid and how to harness that into being proactively responsible and ready for everything.

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The Washington Whiz Kids Mapping the War in Ukraine - Foreign Policy

In the 560 days since Russia launched its full-scale assault on Ukraine, daily reports produced by the Washington-based think tank the Institute for the Study of War have become some of the most widely cited authorities on the state of the conflict. ISW’s maps, which are updated daily to reflect needlepoint changes on the front line, have been used by the Wall Street Journal, the BBC, the Washington Post, and CNN in recent months.

Detailed battlefield updates were once the sole preserve of militaries, intelligence agencies, and embedded journalists. ISW’s Ukraine updates underscore how open-source intelligence has drastically changed public understanding of war. The team’s analysts, many of whom were not yet out of high school when Russia first invaded Ukraine in 2014, methodically mine the internet on a daily basis to build a near real time picture of the war’s progress which has been used by the media, governments, and humanitarian agencies in understanding the war’s progress.

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The Important Things You Need to Do Before Buying a Business - StartUp Mindset - StartUp Mindset

Maybe you want a business, but don’t want to start everything from the beginning. A great alternative to this is buying a business that’s already in existence. Starting a company from scratch is intense, and many entrepreneurs will lose steam along the way, never getting it started. Buying a business that also has street creds allows you to hit the ground running. You can still make it your own, but there’s a lot of leg work you don’t have to deal with. As good as it sounds, there are still some things you’ll want to look out for when buying a business. The investment will probably be quite substantial, so you want to make sure it works for you.

Owning your business takes a lot of work, it should be something you love. Otherwise, you could stick to your day job with job security, benefits, and holiday pay. It’s vital that you not only like it but you’re genuinely passionate about it. That is what will make you get up in the morning and strive to do your best. It’s going to feel less like work. Think about what makes you most happy.

Do you enjoy cooking for other people? Do you love crunching numbers? Do you love to shop for unique clothes that everybody compliments you on all the time? Whatever it is that you love, that should be your business. A clothing boutique, accounting firm, or restaurant all make sense to those who love this. Loving what you do gives you a lot of motivation, and your business is much more likely to thrive. You want to enjoy this process.

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Want to accelerate software development at your company? See how we can help.

SMU Data Science Programme

Truein

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