How one woman created this amazing Jewellery Brand from scratch

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Peek&Boo designs, produces and sells bespoke handmade jewellery both online and offline, and actively participates in domestic and international trade fairs.

The ethos at Peek & Boo is to help make a difference around the world by using their wonderfully cute jewellery inspired by Nature to raise awareness in hopes of encouraging new consumers to help against environmental issues. To make their  message go deeper than just visually crafted timeless cute jewellery. Peek&Boo will be donating 10% of the profits to their charitable partners, your purchase does not just help awareness of environmental issues, it helps the people who are on the front lines trying to make our world a better place.

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We managed to have asit down with Kaze Ng the Founder of Peek&Boo as she shares the secrets that makes her entrepreneurial hunger growl;


A2S: What ignited the spark in you to start a new business venture or to make significant changes in your life? How did the idea for your business come about?
KAZE: This was back a few years when I was studying in Germany, and every one was so conscious about going green and saving the planet. It was a culture shock compared to back home in Malaysia, although we were slowly progressing to the Green Concept and idea but it wasn’t so widely accepted. And as a student abroad, I was also struggling with expenses which got me thinking, “Why don’t I use the skills I have to make some money in order to make a change and help others to create Environmental and Civic awareness”.
One of the key trades as an entrepreneur is that you need to be resourceful. By observing my surroundings and experiences from my travels, I was able to assimilate this with my background in Jewellery and Design to create PeeknBoo.

A2S: When you first started, how or what did you do, to get the word out for Peek&Boo? Could you share with us on where you got your funding to start your own project?
KAZE: It was a DO or DIE situation for me, when I decided to take on this project. Initially when I first launched Peek&Boo, I decided to put the project on Kickstarter to crowd fund and promote the brand. Adopting a simple “pay and promote’ strategy, I withdrew all my savings to buy myself a marketing package from a US company to help me market the campaign. But the package was a complete failure. I did not manage to pull a single customer from it. Having only 30 days to promote and I was already broke, it was a stressful period for me. By the time I had 15 days left and only 20% goal achieved, I was mentally broken down as I had no idea what to do. No money for marketing. Knowing that I can’t give up, I went and start doing what I ‘think’ I can do ( at that moment ). I went on Instagram and start liking every single picture that are related to my post ( nature / wildlife picture ) , I started sending them a private message promoting my Kickstarter. I did that on Instagram, also in Pinterest , Facebook , Twitter. I spent countless hours every day doing that and even Email and private messaging the companies. Slowly but surely, I saw some progress, as the 15 days slowly pass, my % of funding slowly increase. And in the final dash for the finish line, the very last 2 days, a company found my campaign, they like my idea on how the concept of my brand is , they funded 80% of my campaign with nothing in return. This was how I got Peek&Boo started.

A2S: What would your 3 best advice you would give to newbies who wanted to start their own business?
KAZE: If I had to sum it up, it would be

  1. Make sure you have done extensive research to ensure that your product and concept is unique. Its a ‘Dog eat Dog world” out there. So make sure you are able to differentiate yourself from the competition.
  2. “Cheong” ! Which means ATTACK or GO FORWARD! in native Hokkien. If you are constantly on the go and moving forward, I believe you will always see progress. If you stay put however, then you would never move.
  3. Do not be afraid to make mistakes. You make a mistake, you learn from it and then you move on. You will become stronger with time.

Beauty!

A2S: What have been some of your failures and what did you do to overcome them?
KAZE: One of the things that I have learnt in the course of starting up a business, is to ensure that you have a strong product concept. Some people start a business by thinking that the only ingredients you need is just money and product. I have learnt that without a concept, I was unable to sell as there wasn’t a valid selling point.
Just to elaborate more on product concept. Product concept is the understanding of the dynamics of the product in order to showcase the best qualities and maximum features of the product. Marketers spend a lot of time and research in order to target their attended audience.
A2S: How did you manage to address this problem?
KAZE: Picking the right mentors and brainstorming with them always works for me. Finding the right people who has similar entrepreneurial experience and learning their mistakes and how they managed to overcome these hurdles have helped me with my own.

A2S: How long do you stick with an idea before giving up?
KAZE: NEVER. That is why it is so important to ensure that your initial idea is valid and you have done all your homework on the back ground and scalability of the idea. Once I start, I will tell my self ‘My idea will always work”!!

ONCE I START A PROJECT, I ALWAYS TELL MY SELF THAT MY IDEA WILL ALWAYS WORK

A2S: How many hours do you work a day on average? And what are your tips on staying productive and efficient? Because being busy and productive are 2 very different things that people often get confused with.
KAZE: I have my full time job from 9am til 6.30pm. I tend to work on my own brand after dinner which is 7.30pm til late ( usually til 11-1am). On weekends, i work 7-9 hours on my own brand. I try to give myself a day off per week and a weekend off per month just to reward myself for working hard. I go to the gym, swimming and morning hike. I believe working out and maintaining a healthy diet helps give me better focus.
To keep track of my productivity and efficiency, for every task, I will set a specific deadline to complete it.

A2S: Jewellery is a very niche and specialised product. Could you share where you get your inspiration and ideas for your designs from?
KAZE: Haha, ideas pop out after coffee, but most of the time I have some sketch on what I want to do. like if I know I am going to Japan, I would search on places I want to go (reference places : cafe , wholesale place , textile area ), the meaning of Japanese symbols, so when I am there, I take photos of it and then brainstorms my way to my collection.

A2S: Protecting Peek&Boo as a brand and its designs would or course be your utmost concern. In this modern world of technology where information is shared so freely, as a designer yourself, do you have to deal with copyright and infringement or ideas/designs?
KAZE: Copyright and patenting costs a lot. This is one of the challenges you will face as an Entrepreneur.  Even if you have a written agreement with your retailer (pertaining to copyright issues) and somehow the designs are copied. Both of you would have to go to court, and go through a lengthy legal process which takes time and money. And maybe at the end of the day, the compensation isn’t enough to cover the legal fees. You need to ask yourself if you are ready to go through this. For now, I just have to continue innovating Peek&Boo’s designs and hope no one copies them.

A2S: When you first launched your product and while you were trying to make your first sale, what are the hurdles both emotionally and physically did you encounter and how did you overcome them?
KAZE:I was mentally and emotionally prepared for the hardship of starting up a brand that nobody knew about. When I first started, different days had different problems that needed different solutions. There were some days that I had a handful of sales, and some days I didn’t have even one. I didn’t allow this to make me sad or pull me down or give up. For every sale I made, I reminded myself how lucky I was, and that I was doing something correct. I just had to continue doing what I was doing. Keep on pushing forward.

A2S: What are the top 3 must have marketing app that you would recommend ?
KAZE: Facebook, Pinterest, Instagram

  • Facebook – By far is the largest social media platform on the internet, Facebook boasts more than 700 million active monthly users. If you’re looking to reach the masses, this is the best place to start. It’s also the most credible platform. Any healthy and established business has a Facebook page, and a lack of one is a warning sign to potential customers.
  • Pinterest- Pinterest is of supreme value for many businesses. It’s the fastest growing social media platform and is particularly conducive to startups with physical products.
  • Instagram- You have a blog–great. You tweet your posts, and you update your Facebook page–that’s great too. But Instagram lets you brand like nowhere else. Only 123 of the Fortune 500 companies have adopted Instagram, and plenty of startups too are guilty of not using Instagram as a core part of their content marketing strategy.

While corporate Instagram adoption may not be overwhelming just yet, big companies are learning quickly from more marketing-savvy peers. Check out the growth in the chart below. This is the number of Fortune 500 companies using Instagram between December 2010 and August 2013.

Why are they betting on Instagram? Well, if you want to put a piece of content in front of someone, 40% of people will respond better to visual information than plain text.

A2S: As an entrepreneur you would have your share of ups and downs. When you are feeling down and out, as some of us normally do. How do you dig into the extra energy and keep yourself motivated?
KAZE: Failure is not an option for me. The margins for error is so small, that I need to be really precise in my execution. I take great pride in my planning and detail in my products. This is exceptionally true, when designing and producing Jewellery Pieces. As each piece is small and delicate, and needs to be produced with care. We cannot afford any mistakes especially in the moulding stage. (When the master mould for each design is created. Otherwise all the subsequent products will have defects).
Traveling works best for me. Being in a different environement helps to distress me, and by experiencing various sights and ideas, I am able to refresh myself with new concepts. Each time I come back from travelling, I have so many new ideas that I would want to start.  

Peek&Boo was also recently featured on Taiwans lifestyle magazine JUKSY.

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All her items are made with plenty of care and love. Below are some of her processes while making the beautiful pieces.

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Finished moulds of her products
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Voila!! Our finished products!
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Did you know…..
Roosters were very important in people’s daily lives in ancient times. They were not only treated as food, like today, but in ancient times people regarded them as a mascot since they ate harmful insects.
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D E T A I L
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Dimensions: 8mm x 8mm
Metal: Brass with 925 Sterling Silver needle
Enamel
**limited pieces
bull terrier
Did you know…..
Bull Terriers love attention and do not do well being left alone for long periods of time?
The lifespan of an average Bull Terrier is 10 to 12 years, but sometimes longer?
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D E T A I L
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Metal: Brass
Plating : 24k Yellow Gold
Material : Enamel
Size : Adjustable from S – L
*If you have a certain size you want me to adjust, please drop me a message.

You are able to shop for Peek & Boo items direct from their website www.ipeekyouboo.com
( also available in Etsy, Dawanda and Pinkoi )

We at Addicted2startup.com would like to wish Kaze all the best in her ventures and may she be successful in bringing Peek&Boo to the international jewellery scene.
Like us, share and follow us for more inspiring stories. Do tell us what you want to hear or if you have an inspiring story to share. We would love to hear from you.

 

 

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What properties can you buy in South East Asia as an Expat?

10 Laos

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No one can own land in Laos, but land-use rights are possible (up to 75 years, or 50 years for companies). A Lao citizen with land-use rights may lease the land to a foreign-invested company for up to 30 years. There is a vague law that allows for these land-use rights by foreigners only if investing at least USD $500,000 into the government. And while it’s possible to own a structure upon leased land, when the lease expires, the structure reverts to the government without compensation.

9 Myanmar 

Foreign investment is extremely regulated and restricted, and foreigners cannot own land. It’s possible to lease for up to 30 years, but with rampant corruption, there is no security. Alternatives include making a contribution to a joint venture with the government, or to lease land from the government and then enter into an agreement called a build, operate and transfer (BOT), which allows the investor to own the project.

8 Vietnam

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Nobody can own land in Vietnam. One estate agency, Chesterton, markets 50-year leases to foreigners buying apartments, which provides for many of the same rights as ownership. Alternatively, foreigners can form a company or form a build, operate and transfer (BOT) company.

UPDATE: Vietnam will allow foreigners to buy houses for the first time with one simple requirement, they must enter Vietnam legally.

They will be able to own the property for a maximum of 50 years and enjoy the same rights to lease, transfer or sell the property as Vietnamese citizens.

The new law will extend the rules that currently apply to apartments, according to the amended Housing Law which will take effect on July 1, 2015.

The law passed with 77.46 percent approval in the National Assembly during a Tuesday session.

Foreign entities who have invested in housing projects in Vietnam, foreign-invested enterprises; branch and representative offices of foreign companies in Vietnam, foreign investment funds; and foreign bank branches will all be entitled to purchase real estate under the law.

According to the amended law, foreign individuals and entities will only be allowed to buy, receive, or inherit apartments and houses in commercial projects and not in areas that limit or ban foreigners.

They are able to buy a maximum of 30 percent of apartments in a block and 250 houses in a given ward.

Individual foreigners may extend their home ownership after 50 years, according to their need. The government provide further details about the extension process in the future.

They may lease their property for any “purposes that is not banned by law” but must also inform the provincial house management agency before leasing the property.

Foreign property owners will also be subject to the nation’s property taxes.

Foreign entities can already buy property to house their employees, but they are not able to lease or use it toward any other purpose.

7 Brunei

All land transfers, freehold or leasehold, are subject to the approval of the King, and foreigners cannot own land without approval. Foreigners who legally reside in Brunei can hold properties under strata titles, and residents as well as locally registered companies can hold long-term leaseholds of up to 60 years. Banks, however, will not grant mortgages to foreigners, not even foreign residents.

6 Indonesia

Foreigners can own condos through strata titles, but the property developer holds the title. Land ownership is also out of bounds but land-use rights are possible for up to 25 years. However, if a local buys the land on behalf of the foreigner, the foreigner may have either permanent land-use rights or full power of attorney over the land. Another option is to form a company called a Penanaman Model Asing (PMA), which can be wholly foreign owned.

5 Cambodia

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Foreigners cannot own land but can lease land, or purchase it though a local company (51% Cambodian owned). Another alternative – having a local buy the property on a foreigner’s behalf and then leasing it to the foreigner – is illegal and discouraged. In general, corruption and greed mean that for any foreign investment, extreme due diligence is required by the buyer.

4 Philippines

Foreigners cannot own land but apartments and condos are possible, as long as locals own 60% or more of the units in any development. Leases are available on land for up to 50 years. It is possible for a foreigner to form a commercial partnership with some locals to buy land, but even then, the maximum for residential properties is 1,000 square metres or one hectare in a rural setting.

3 Thailand 

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(Modern minimalist home in Thailand: Baan Moom)

Foreigners cannot own land but can own apartments or condos (as long as 60% of the building’s units are owned by locals or the foreigner buys the whole building). Foreigners can lease land, but with few rights. Investing THB 40 million (USD $1.2 million) into a project may get you up to 1,600 square metres of land. Many foreigners form a Thai company, at least 51% Thai owned, or marry a Thai citizen (but in in the event of death or divorce, the land still does not belong to the foreigner).
How i bought my first Vacation Home Abroad 

2 Singapore

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Without approval, foreigners cannot buy restricted properties, such as a vacant lot, residential land, landed property, unapproved condo development or a Singaporean Housing and Development Board (HDB) flat. Foreigners can purchase an apartment,  condo, and a leasehold estate in an otherwise restricted property (for up to seven years). Approval is considered for permanent residents or those who prove to be of significant economic or professional benefit to the country. There is also a scheme that allows purchase of landed properties by foreigners on Sentosa Cove.
How i rented and turned it into a Money Making Hostel

1 Malaysia

Old Street, George Town, Penang, Malaysia

Malaysia is the only country in South-East Asia that allows full foreign ownership of property and land. Foreigners can purchase any type of property if spending a minimum of RM250,000 (USD $78,456)*. This allows for up to two condos in a development with no more than 50% foreign ownership, or one condo plus a two-plus storied terraced house, or one condo plus land, bungalow or semi-detached house. Foreigners can also get a renewable 10-year visa through the Malaysia My Second Home Programme (MM2H). For more information, visit mm2h.gov.my.

*Except in the state of Penang, where minimum investment must be RM 2 million on the island, or RM 1 million on the mainland for landed properties, or RM 1 million on the island or mainland for stratified properties. Sale of property in Penang is only allowed three years following purchase. 

**Picture Credit : Andy Yeung , Blazepress

 

Creating a Kick Ass Business Plan

Here is why we create business plans

To start any business, you will need a Business plan that acts as a map leading you to your GOAL.Close your eyes and imagine the entire business idea, step by step starting with the initial process and then slowly create a flow chart of all its possible alternative results. Each possibility should have a set of positive and negative results. Then for each result, try to map out how you are going to fix it, and what is the next step forward. Remember that once you have prepared it, it isn’t cast in stone. Make sure you have the map printed out on a big sheet of paper and stick it next to your life GOALS. Some motivational gurus, will tell you to read it out loud in the morning to achieve a mental winning setting. Positive Mental Setting. Always keep the plan fluid, so that you can rapidly react and adapt, should something go wrong.
One of the steps to creating a business plan is to conduct a SWOT analysis. To give you a better example, lets look at this case study. SWOT CASE STUDY

get-standard-business-plan

Your business plan is essentially your road map of possibilities to a comprehensive list of questions. The first and most important question is this: where do you want your business to go? and what should you do when things go wrong?

You should be asking yourself questions like

  1. The problem that your business will be solving
  2. Is it a NEED or a WANT
  3. What type of business are you planning to run?
  4. How do you imagine/want your business to look like in 2,5,10 years or more?
  5. The expected costs and revenues of the business. Make sure the numbers are supported by realistic and detailed assumptions and projections.
  6. Exit strategy for investors, partners and yourself.
  7. Are you going to expand within the same business or branch out to other supporting businesses? 

Try to set achievable goals to give you a gauge on how you are progressing. Not only does it alert you if you are deviating from the master plan, but by celebrating these short term achievements,  it provides you with the positive motivation to strive on.

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This living document generally projects 2-5 years ahead and outlines the route a company intends to take to grow revenues.

Executive Summary
Your executive summary is usually a 1 page summary  of your business plan as a whole and touches on your company profile and goals. You have 30 seconds to attract the interest of the reader/ investor. The first 30 seconds will usually determine how impressive your plan is. Whether the investor will continue listening or set up a mental block.   

Below are the main criteria’s  you need to include

Company/Business Description
Provide concise information on what your company does.
Is your business unique in its services and offerings?
If yes, then how so?
How big should your hostel be?

Market Analysis
Before launching your business, it is essential for you to research your business industry, market and competitors. What are the travelers needs?
If this is a new hostel concept or category

  • Find out how many customers will be interested in this concept
  • Potential of this number growing over time
  • What is the Potential pricing for the rooms/dorm. This will help you work out your costings later on. 

Identify all your competition within the area. This covers all hostels, AirBnb lodgings, budget hotels, and hotels. It is better to identify all the competitors than have the investors discover them afterwards. 
Find out what they are offering, and how can you use this to your advantage?
How to make a Concise Search

Organization & Management

This depends on the size of your hostel. Basically the more rooms you have, the more staff you will need. You might be able to survive with a skeleton crew and maintain a minimal front staff, but you will need to increase your housekeeping team.

  • Would you be managing the place or will you be hiring a manager to do the work?
  • Would you setup different departments to run the hostel?
  • A bigger hostel, also means, more space to cover.Additional security cameras for security?
  • Additional inventory, i.e bedsheet, breakfast items, toiletries?
    SOPs and monitoring sheets you need

Service or Product Line
The thing that most people over look is, Ancillary Income. How does it benefit your customers? What is the product lifecycle? Get tips on how to tell the story about your product or service.Ancillary Income Earns 30% of Revenue

Marketing & Sales
How do you plan to market your business? What is your sales strategy? Read more about how to include this information in your plan.How will your reach your target customers? What promotional tactics and marketing channels will you use? How will you price your products and/or services? What brand positioning do you desire for each?
Is Guerilla Marketing for you?

Funding the project
Are you self funded, or do you need external funding? If you are seeking funding for your business, find out about the necessary information you should include in your plan. If you plan to raise money, you need to interest VCs (Venture Capital) or angel investors with the elevator speech ( capture attention within 30 seconds) and PowerPoint presentation, but you only close on the money after the investor reviews, questions, and buys in to your entire business plan. So you must spend a significant amount of time drafting a coherent and persuasive executive summary or business plan that sets forth, among other things.

Financial Projections
Preparing your financials and making sure they are in order, is essential to track your company’s

  1. Profit and Loss
  2. Cash flow
  3. Encourage transparency which is important for declaring tax and when you sell the business. 

Why you should forget Profit and focus on Cash Flow?
Quick guide to know if it is a profitable business

You want others to read and/or fund your business, your plan has to read well and be formatted properly. But it’s the content in the business plan, your strategy and reasons why you’ll succeed, that will prompt others to invest or otherwise join you in your conquest to build a thriving business!

Appendix

An appendix is optional, but a useful place to include information such as resumes, permits and leases. Find additional information you should include in your appendix.

Good luck and All the Best in Captivating your readers.

Unleashing the Power of a Positive Mind with these 5 habits!

I was 35 and at the lowest point in my life. Adopting these positive habits helped to turn my life around

Positive thoughts build a strong positive mind. Your mind is powerful, when it is positive, it is able to generate good vibrations to your entire body, and thus creating positive actions. Positive actions will then create positive results!

It Pays to Be Positive! Always remember this.
It was about a year ago, I was at the lowest point in my life. I was 35 years then. I was working on an offshore rig, which i have been working for the past 10 years. It was the year 2016, when oil industry was hit with mass retrenchment. I knew within the next few months, it would be my turn. I was desperately trying to get my future plans in order. The stress level was mounting on me.

On my supposedly last hitch to work (July 2016), i was at the peak of my life. I  had all the business plans in place and i wasnt too worried if i got retrenched as i knew i was going to take the jump. I readied my self for what was to happen. Then when i got back from work, (I work 1 month away from home and get 1 month time off at home). I found that my wife had left me for another person.

My life took a drastic dip. I felt like killing my self. In 2 days time, it would be my 35th birthday. I was convincing my self, that she would turn up that very morning on my birthday to give me a surprise to say that this was a joke. It would have been the best birthday present ever!

On the day of my birthday, no such surprise came. I was struggling with life.
I was distancing my self from my friends and family and i felt so alone. I was listening to self help talks and motivation online.
I wanted to destroy all my businesses as i felt that i didnt have any purpose in life anymore. I felt bad for most of my staff, because i couldnt think of how to carry on some of the business. Then somehow, i was shown kindness and positivity. This was the time, when i knew who were my best friends. I am grateful i have them.  I prayed hard everyday and thanked god for helping me.
At my lowest point, i was convinced this had to be mid life crisis every one was talking about. I told my self, as this is the lowest point, it can only get better!
I decided to turn things around.

Here are five habits that I’ve used that will attract more positivity into your life.

There’s a direct correlation between a positive attitude and better relationships, superior health, and greater success.

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A positive attitude can boost your energy, heighten your inner strength, inspire others, and garner the fortitude to meet difficult challenges. According to research from the Mayo Clinic, positive thinking can increase your life span, decrease depression, reduce levels of distress, provide greater resistance to the common cold, offer better psychological and physical well-being, reduce the risk of death from cardiovascular disease, and enable you to cope better during hardships and times of stress.

Here are the 5 habits that can help alleviate your positivity

  1. All things will pass. Nothing is permanent

    Keep reminding yourself, that nothing is permanent. When you are sad or no matter how bad things may have gone, always reflect that nothing is ever permanent. These sad or bad feelings, thoughts and situations will eventually be over. Look into the mirror and tell yourself “Everything is going to be alright” and “Things are going to be better”.
    It is the same with happy thoughts, conditions. We need to remind our self that these happy situations will also end, and that we need to take the time to stop and appreciate it. Appreciate the positive and happy moments. Appreciate the people we have that are with us now.
    Be kind to your self. Try to overlook the negative things and amplify all the positive actions or thoughts that you have done in the past. You are a good person!

  2. Surround yourself with positive people.

    Spend time with people who are positive, supportive, and who energize you. You will notice that after hanging out with positive people, your perception of life will also be slowly influenced by them to become positive as well.
    Imagine hanging out with a sad person when you are feeling depressed. I wouldn’t want to be in that situation.

  3. Thoughts become flesh

    Your mind is powerful. What you think and believe, you will achieve. If you don’t want to be surrounded by negative people, what makes you think others do? Learn to master your own thoughts.

    For example: When you visualize a goal, it makes you more likely to take the actions necessary to reach it. Visualize yourself winning the race, getting the promotion, accepting the award, or landing the new account.

    Control your negative thinking. This can be accomplished in the following ways:

    • See the glass as half full rather than half empty.

    • Anticipate the best outcome.

    • Stay the middle ground. Don’t view everything in extremes — as either fantastic or a catastrophe. This will help you reduce your highs and lows.

    • Mistakes happen. Negative people blame themselves for every bad occurrence whether it was their fault or not. Don’t let this be you.

  4. See failures as opportunities.

    Successful people are not afraid of failures. They anticipate failures in life and plan their best for it. They learn to see it as a opportunity to learn and improve. Instead of letting challenges overwhelm you, turn them into opportunities. (Rather than hitting the wall, climb over it or go around.)
    These times when you are feeling down and out. Don’t let negativity take over. I keep telling myself, if you have reached the very bottom of the pit. You can no longer go down and the only direction is UP!

  5. Count your blessings.

    Be grateful and give thanks for what you have in your life rather than taking them for granted. If you want to achieve happiness, better health, stronger relationships, and continued success, you may not have to look any further than the mirror. “The happiest people don’t necessarily have the best of everything; they just make the best of everything they have.”* Do you see the glass half full or half empty? True happiness may depend on how you view the world and who you look to for inspiration.

    Credit picture to miraclesarebrewing.com

    We hope that with these positive habits, you are able to change your perception of life and everything will be better with time.

    We would love to hear your stories in life. Please write to us below.

6 Habits of Successful People To Overcome Failure

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Have you ever noticed that most successful people have a common trait? They managed to overcome their failures. They are not afraid of failures. In fact, they anticipate failure and use it as a learning opportunity to perform better. In Robert T Kiyosaki (Author of Rich Dad,Poor Dad), one of his book series, he mentioned that successful people strive to achieve financial freedom. Financial freedom = sufficient passive income to cover all your daily expenses (in simple terms). Financial freedom, is the ability to have time to do what you always wanted to do without worrying about bills, and other costs. Money is a tool that enables us achieve that lifestyle.

What sets successful people apart is their ability to maintain positive habits, so they can maximize their time (even when hardship hits). This skill of turning failure into success is key, and although it may seem like these successful people are superhuman, they are not.

Successful people anticipate failure, and always learn to overcome it. Like you and me, they make mistakes. Life doesn’t always go according to plan, but this doesn’t stop them from achieving their potential. They don’t overcome this with money, power, or fame. They don’t have a secret you don’t. But they do have a set of positive habits that sets them apart, and with a little tweaking, so can you.

Let’s have a look at the 6 habits that successful people use to overcome their failures

1. They cultivate a positive mentality

The most powerful tool we have is our mind. The thoughts, dreams and reality that we form in our mind, will determine and influence the outcome of our lives. One big difference between successful people and unsuccessful people is they always say ” It is a minor hiccup in my plan,  i will find a way to solve this ” as opposed to “Its too hard, i think i cant do it”. Your words do become flesh.
There for, you yourself are responsible for setting your self up for success.

If you think it is a small problem, then it is a small problem.
If you think there is no problem, then there is no problem.
It is up to you, how you change your reality.

2. They take time to ‘reflect’ each day

Successful people take time out of their day (every day) to reflect on their life. Reflect on:

  1. What’s working, and what isnt?
  2. What is important to me now?
  3. Am i doing the right thing and is there anything i can do to make it better?
  4. Time is precious, Don’t waste it. Appreciate it!

The art of meditation is a growing culture. It is a upcoming trend among high performing athletes, entrepreneurs and celebrities, to help them relax, and refocus on their life.  This is one positive habit anyone can do, and all it takes is 5-10 minutes each day.

3. They start the day early! 

Nearly 50 percent of the self-made millionaires got out of bed at least three hours before their workday actually started. Many of them use the free time to tackle personal projects, plan their day, or make time for exercise.

You won’t meet many successful people who sleep beyond 7am. If you listen to motivational speeches and talks, you will

No matter if you are a morning person or not, there is huge value in waking up early (even if you spend this time reflecting, instead of working).

“Life is too short,” she panicked, “I want more.” He nodded slowly, “Wake up earlier.”- Dr. SunWolf

Planning your day ahead will enable you to create a mental system that is systematic of which is priority and what you need to do during your day. This decreases your stress levels because everything is planned out. Imagine your productivity levels, if you begin your day stress free, happy and goal orientated?

4. They focus on the work they need to do

There is always a thousand things that you will need to do. Successful people focus on the priorities and clear the tasks one by one. They focus on getting the job done.
Do not procrastinate! Do it, and get it done with. People usually tend to set aside or put off any hard jobs or things that they do not like to a later time. Does the phrase “It’s ok, ill do it later” sound familiar with you?

Believe me, once you get it done with, when you look back, you will realize that it wasn’t so bad. Success lies in focus, and getting what you need to do done (as in, right now)!

5. They spend time with people who inspire them

‘We are the average of the 5 people we spend the most time with” Jim Rohn (Motivational Speaker).

“You are only as successful as those you frequently associate with” 

If you don’t have highly-motivated people in your personal network yet, fear not. Self-made millionaires volunteer, which is a great way to meet other positive, motivated individuals. When you volunteer your time, skills and knowledge, you are sharing. This cultivates and promotes positive attitude and energy. Positive people will attract other positive people.

Choose who you spend your time with. Time is a limited resource. Successful people make a point to limit their association with negative people.

When you are staring failure in the face, consult your positive friends and associates and with their input it makes the problem or failure smaller. Always remember, if you think it is a small problem, then it will be a small problem. It is all in the mind. You yourself have the ability to change your own reality.

6. They do not fear mistakes or failure

As human beings, we all share something in common: we make mistakes, and we sometimes fail.

Successful people are no different to you and me, but they do approach failure different to most. They prepare for failure and do not fear it. They do not let failure hold them back. They ensure that it leads them to greatness.

failure 1

This is how successful people think. This is how they approach each day. They appreciate failure may occur today, but they do not allow this to stand in their way

The only time you do fail is when you allow this fear or failure to take control of you.
It is a constant battle to be successful, but these 6 successful habits will ensure that you stay on top of your game and will be able to handle failure in a positive way.  Whenever you see the success of successful people, whether world class athletes or successful business entrepreneurs, always remember the “THE REAL WORK IS BEHIND THE SCENES’

 

What habits are you going to implement into your life today? We would love to hear from you!