They say practice makes a man perfect and the more mistakes you make, the more you learn. However, when it comes to being an entrepreneur and running your own business, there are certain mistakes you can make which could otherwise be easily avoided. Check out these mistakes entrepreneurs usually do but can actually avoid making:
1. Only talking and not acting
One of the major mistakes entrepreneurs make is, they only talk about the grand plans they have. While talking is enough to get your team together, it is not enough to run your business. For example, if you tell your team while hiring them that they are going to get a certain salary by the end of the first three months but don’t see the promise through even six months later, you have failed to keep your word. Not only does this leave behind a disgruntled team, it also results in your employees losing their confidence in you as a leader. To avoid this, make sure you don’t over promise and when you say something, you always see it through.
2. Multitasking
While doing nothing can be a bane, doing too many things at the same time can be just as much of a problem. Figure out the skills which set you apart from the crowd and focus on your niche areas and work on building them. Another disadvantage of trying to do too many things at the same time is, your chances of burning out increase. Focus on your skill set, do those things at which you are great and outsource individuals with skills at which you aren’t good.
3. Hiring the wrong type of people
When you start a new business, you may end up hiring people quickly without doing a background check because you need them. While these people have great skill sets on paper, you start realising very soon they are all talk and no great value. What usually goes wrong when you are hiring people is, you don’t look at the overall development of the individual but look at only individual parts. Hire people by getting a clear understanding of their strengths and weaknesses. Give them challenges you think they might encounter while working for you and test them as to how they plan to overcome the said challenges. By doing this, you not only understand how they work as an individual, but understand how they work with other people as well!
4. Expanding too soon
Another mistake entrepreneurs should avoid making is expanding their business too quickly. It is common to think just because one part of your idea is doing well, everything else will as well. However, what people don’t realise is, when you expand too soon, the chances of your business failing are much higher. Don’t push yourself to expand till you are absolutely sure of where you are going. Have your plan in place, have your nest egg in order and only when you are sure the expansion will boost your business and not lead to losses, expand!
5. Not believing in yourself
Another extremely common mistake most entrepreneurs make is to not believe in themselves. While it may feel like a good thing to constantly ask for advice and get opinions about what you should do in life, it really doesn’t take you far. Why not? Because it makes you second guess yourself and lose faith in your ideas. To avoid this, start with having trust in your company and brand and once you make other people realise how passionate you are, the rest will just follow.
They say people learn from their mistakes, but if you avoid these, then you leave room to grow better, bigger and faster. If you think we missed mentioning any other mistakes entrepreneurs can avoid, comment and let us know!
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WhatsApp has recently introduced a new feature known as Channel Categories, aimed at enhancing the user experience by simplifying the process of discovering and following channels that align with individual interests. This update is expected to significantly boost user engagement on the platform, which boasts over 500 million monthly users engaging with WhatsApp Channels.
Overview of Channel Categories
The new categorization system divides channels into seven distinct groups:
People
Organizations
Lifestyle
Sports
Entertainment
Businesses
News & Information
Accessible through the Explore option in the Updates tab, this feature allows users to navigate easily through various categories, making it simpler to find content that resonates with their preferences. The automated categorization process means that channel owners no longer need to manually assign categories, streamlining the user experience further.
Enhancing User Experience
The implementation of Channel Categories is designed to improve how users interact with content on WhatsApp. By enabling users to filter search results by category, WhatsApp not only saves time but also encourages exploration of a wider range of channels. This could lead to increased satisfaction as users discover new interests and communities within the app.
The organized structure provided by Channel Categories is anticipated to enhance overall user engagement, allowing for a more intuitive browsing experience. As users delve into different categories, they may find channels that they might not have otherwise encountered, broadening their content consumption.
Celebrity Engagement
The timing of this new feature coincides with the rising popularity of WhatsApp Channels among public figures and celebrities. Notable Bollywood stars such as Kareena Kapoor Khan, Katrina Kaif, and Ayushmann Khurrana have launched their own channels, offering exclusive content and personal insights. For instance, Khurrana’s channel promises followers a glimpse into his life, sharing behind-the-scenes updates and creative endeavors like poetry. This personal touch aims to foster closer connections between celebrities and their fans.
Future Developments
In addition to Channel Categories, WhatsApp is enhancing its artificial intelligence capabilities. The platform plans to roll out a two-way voice chat feature powered by Meta AI, allowing users to interact with chatbots in a more personalized manner. This feature will offer various voice options, including those of celebrities, enriching user interaction on the platform.
The introduction of AI-driven features aligns with Meta’s broader strategy to integrate advanced technology into its messaging services. By providing users with unique voice interactions, WhatsApp aims to create a more engaging and dynamic communication experience.
Conclusion
WhatsApp’s launch of Channel Categories marks a significant advancement in creating a user-friendly environment for content discovery. By organizing channels into distinct categories and enhancing AI capabilities for personalized interactions, WhatsApp is positioning itself as a more engaging platform for its vast user base. As this feature gains traction, it will be interesting to see how both users and channel creators adapt to this new system, potentially reshaping the way content is consumed on the app.
Setting up partner sharing in Google Photos is a convenient way to share your photos and albums with a specific person, making it ideal for couples, families, or close friends. This feature allows both partners to view and contribute to shared memories seamlessly. Here’s a comprehensive guide on how to set up partner sharing in Google Photos.
Step-by-Step Guide to Setting Up Partner Sharing
1. Open Google Photos
To begin, launch the Google Photos app on your mobile device or visit the Google Photos website at photos.google.com. Make sure you are logged into your Google account.
2. Access Settings
Mobile App: Tap on your Profile Picture in the top right corner of the app.
Desktop: Click on the gear icon (Settings) located in the upper right corner of the screen.
3. Select Partner Sharing
In the settings menu, find and select Partner Sharing. This option will initiate the process of inviting your partner to share photos.
4. Add Your Partner
You will be prompted to enter your partner’s email address. If they are already in your Google Contacts, you can select their name from the list. After entering their information, click Next.
5. Choose Sharing Options
You will have several options regarding what you want to share:
Entire Library: Share all your photos with your partner.
Specific Albums: Choose particular albums or folders to share.
Photos of Selected People: Opt to share only photos that include specific people recognized by Google Photos.
Additionally, you can set a date range for sharing, allowing you to share only photos taken after a certain date.
6. Send Invitation
Once you have made your selections, click Send Invitation. Your partner will receive an email invitation to accept the shared access. They need to accept this invitation to start viewing and contributing to the shared content.
7. Accepting the Invitation
Your partner can accept the invitation via email or directly within their Google Photos app if they have it installed. After accepting, they will gain access to the shared library or albums based on your settings.
8. Share Back (Optional)
Once your partner has accepted the invitation, they can also choose to share their own photo library with you. They can do this by clicking on the ellipsis icon (three dots) in their Google Photos app and selecting Share Back.
Managing Partner Sharing Settings
After setting up partner sharing, you can manage and modify settings at any time:
Return to the Partner Sharing section in Settings.
You can change what is shared or remove access if needed.
Benefits of Partner Sharing
Partner sharing in Google Photos provides several advantages:
Collaboration: Both partners can contribute photos, making it easier to compile memories from different perspectives.
Organization: Shared albums help keep memories organized and accessible for both parties.
Convenience: The ability to set specific sharing preferences allows for personalized control over what is shared.
Conclusion
Setting up partner sharing in Google Photos is an excellent way to keep your memories organized and accessible for both partners. By following these straightforward steps, you can easily create a shared photo library that enhances collaboration and strengthens connections through shared experiences. Whether for personal use or family albums, this feature simplifies photo management and fosters deeper relationships through shared memories.
Reddit, the social media platform known for its online communities and meme culture, saw its stock price jump significantly after releasing its first earnings report since going public in March. Investors were impressed by the company’s strong financial performance and optimistic forecasts for the future.
The report highlighted a surge in user engagement, with daily active users increasing by 37% to 82.7 million in the first quarter. This growth was accompanied by an 8% rise in average revenue per user, indicating Reddit’s success in monetizing its platform.
Perhaps the most significant factor driving the stock price increase was Reddit’s forecast for the second quarter. The company projected revenue to fall between $240 million and $255 million, exceeding analyst expectations. Additionally, Reddit anticipates achieving break-even status or even generating a profit, surpassing predictions of a loss.
This positive outlook can be attributed in part to Reddit’s flourishing advertising business. The company is also capitalizing on a new revenue stream: content licensing deals with artificial intelligence (AI) firms. Reddit’s vast collection of user-generated content provides valuable data for training AI models, attracting companies like Google.
Analysts believe Reddit is still in its early stages of monetization and predict continued growth in the coming quarters, fueled by advancements in ad targeting and measurement tools. This optimism is reflected in the stock price surge, which has climbed roughly 70% since Reddit’s IPO.
Overall, Reddit’s first earnings report paints a bright picture for the company’s future. With a thriving user base, increasing revenue opportunities, and a promising outlook, Reddit appears well-positioned for continued success in the ever-evolving social media landscape.
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October 8, 2024 at 2:42 am
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