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	<title>Health | Pioneer Business Ventures</title>
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		<title>How Do You Relax as a Businessperson?</title>
		<link>https://pioneerbusinessventures.com/nsite/how-do-you-relax-as-a-businessperson/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Wed, 25 Mar 2015 11:28:48 +0000</pubDate>
				<category><![CDATA[Employees]]></category>
		<category><![CDATA[Health]]></category>
		<category><![CDATA[Lead]]></category>
		<category><![CDATA[Mental Health in Business]]></category>
		<category><![CDATA[health]]></category>
		<category><![CDATA[mental health in business]]></category>
		<category><![CDATA[relax]]></category>
		<guid isPermaLink="false">http://planfoundations.com/?p=4498</guid>

					<description><![CDATA[How Do You Relax as a Businessperson? Let’s say that you recognize the signs that you need to relax more. If not, just click the aforementioned link for some suggestions. So, how do most people relax? More specifically, how can businesspeople relax right now? Learning what others do can help you to practice relaxing more [&#8230;]]]></description>
										<content:encoded><![CDATA[<h2 style="text-align: center;">How Do You Relax as a Businessperson?</h2>
<p style="text-align: justify;"><a href="http://planfoundations.com/wp-content/uploads/2015/03/Business-woman-smiling-at-desk-on-beach.jpg"><img decoding="async" class="alignleft wp-image-4499 size-full" src="http://planfoundations.com/wp-content/uploads/2015/03/Business-woman-smiling-at-desk-on-beach.jpg" alt="Let’s say that you recognize the signs that you need to relax more." width="242" height="160" /></a> Let’s say that you recognize the <a href="http://planfoundations.com/signs-that-you-need-to-relax-more/">signs that you need to relax more</a>. If not, just click the aforementioned link for some suggestions. So, how do most people relax? More specifically, how can businesspeople relax right now? Learning what others do can help you to practice relaxing more during the business day. While preparing a menu of relaxation suggestions for you, I became stressed by the overwhelming number of relaxation choices. How’s that for irony? While we won’t be able to go into a lot of depth here, I can share some ideas to get you relaxing today and tomorrow. Let’s say a negative situation has just emerged or a disgruntled employee has just left your office. How can you relax right now? Try these immediate relaxation techniques:</p>
<ul style="list-style-type: circle;">
<li>Take a number of deep slow breaths.</li>
<li>Laugh at something or at least stop and smile at something.</li>
<li>Close your eyes and calm yourself.</li>
<li>Listen to relaxing music.</li>
<li>Walk around to change your environment – preferably outside.</li>
<li>Call a friend.</li>
<li>Stretch at work (in an appropriate way).</li>
<li>State a positive thought or a positive affirmation to yourself.</li>
</ul>
<p style="text-align: justify;">On the lighter side of work breaks, imagine how our parents and grandparents took a break at work. Their questionable old-school work-break habits mostly involved one substance or another: cigarette breaks, for one. Or alcohol – can you imagine keeping a fifth of hard liquor in your desk and pouring a drink for yourself while taking a break at work? Visualize the horrified looks on the faces your coworkers, subordinates, and superiors, not to mention your possible escort from the building. Snack breaks can help, but not from a vending machine – while still common in manufacturing environments, trying to eat well from a vending machine is like trying to make money by playing the lottery. There’s also the coffee break. We take the taste of our coffee more seriously and pay proportionately more for it than our parents. And the cloud of cigarette smoke has dissipated above the heads of a group of coffee drinkers. Sometimes we get so busy that we have to plan for rest and relaxation or it doesn’t happen. Given that regular relaxation promotes long term good health, we should plan for relaxation more systematically in the future. What are some things that you can do to include relaxation, rejuvenation, and rest in your days and months ahead?</p>
<ul style="list-style-type: disc;">
<li>Plan for breaks at 90-minute intervals, or in whatever time increment that you need to refresh to become more effective.</li>
<li>Take lunch breaks. Try to avoid eating lunch in your workspace every day. Some planning may be needed here to have lunch with others.</li>
<li>Plan for a restful vacation. Get those vacation times on the calendar, even if you are not traveling.</li>
<li>Make sure you get sufficient sleep (and preparation for sleep) for your mind and body.</li>
<li>Making plans with friends during the week or on the weekend is a fun way to rejuvenate.</li>
<li>Get a massage – if you haven’t already, try it, use it, and love it!</li>
<li>Eat healthier. Whatever eating healthier means for you, a quality diet should energize your body.</li>
<li>Hobbies – remember those? Make sure you plan for hobbies that relax you.</li>
<li>Cultivate your sense of humor – laughing is an underrated way to relieve stress and have some fun in your workdays ahead.</li>
</ul>
<p style="text-align: justify;">Our bodies and minds need to relax to perform optimally. We are not designed to perform constantly without rest. As businesspeople, sometimes we push ourselves harder than we push the people around us. Recognize the signs that you need to relax and give yourself a break. Consider some of the suggestions above for relaxing immediately. For me, it’s fun to think about how our parents and grandparents took breaks at work. I wonder what our children and grandchildren will say about us and our work-break habits. My guess is that they will laugh at us eating at our desks, ignoring work breaks, and skipping vacations. How will you relax better today and during the months ahead?   <sub>Copyright © John J. McAdam 2015. All Rights Reserved.</sub></p>
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		<title>5 Disasters for Your Small Business to Avoid</title>
		<link>https://pioneerbusinessventures.com/nsite/5-disasters-for-your-small-business-to-avoid/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Wed, 25 Feb 2015 09:47:20 +0000</pubDate>
				<category><![CDATA[Budget]]></category>
		<category><![CDATA[Control]]></category>
		<category><![CDATA[Employees]]></category>
		<category><![CDATA[Health]]></category>
		<category><![CDATA[Innovation & Entrepreneurship]]></category>
		<category><![CDATA[Lead]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Sales & Marketing]]></category>
		<category><![CDATA[Start Ups]]></category>
		<category><![CDATA[Business Planning]]></category>
		<category><![CDATA[customers]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[time]]></category>
		<guid isPermaLink="false">http://planfoundations.com/?p=4478</guid>

					<description><![CDATA[5 Disasters for Your Small Business to Avoid Whether you’re operating a start-up or an established business, the small-business world can quickly become a minefield. Briefly, let’s review the more common types of business disasters faced by entrepreneurs and small business owners today. Neglecting your marketing and letting your new-customer pipeline run dry If you [&#8230;]]]></description>
										<content:encoded><![CDATA[<h2 style="text-align: center;">5 Disasters for Your Small Business to Avoid</h2>
<p style="text-align: justify;"><a href="http://planfoundations.com/wp-content/uploads/2015/02/Blindfolded-Man-wlaking-into-black-hole.jpg"><img loading="lazy" decoding="async" class="alignleft wp-image-4479 size-full" src="http://planfoundations.com/wp-content/uploads/2015/02/Blindfolded-Man-wlaking-into-black-hole.jpg" alt="5 Disasters for Your Small Business to Avoid" width="211" height="239" /></a> Whether you’re operating a start-up or an established business, the small-business world can quickly become a minefield. Briefly, let’s review the more common types of business disasters faced by entrepreneurs and small business owners today.</p>
<ul>
<li><strong> Neglecting your marketing and letting your new-customer pipeline run dry</strong></li>
</ul>
<p style="text-align: justify;">If you enjoy the company of entrepreneurs, like I do, you will eventually hear complaints about the feast and famine nature of their business, particularly with solo entrepreneurs in service industries. The feast-and-famine cycle goes like this. Your business starts in a famine state, because you usually don’t have a large revenue stream from day one. You market your services for months and finally acquire a client. Then you work full time serving that client. You are now in a ‘feast’ state. Time passes and the client’s project ends. Wait a minute—you&#8217;ve stopped marketing! You spent all of your time serving your client instead of selling your services. Damn! The famine state returns. Again you market full time to acquire your next client. You eventually land a client, and the feast-and-famine cycle continues.</p>
<ul>
<li><strong> Customer concentration risk</strong></li>
</ul>
<p style="text-align: justify;">Simply put: Don’t put all your eggs in one basket. By definition, if one of your customers represents more than 10 percent of your total revenue, then you have a customer concentration risk in your business. The higher the percentage of revenue that one customer represents, the greater the business continuity risk. You have to face the difficult question: what happens to your business when your largest customer disappears? Will you go out of business? How will you manage that scenario?</p>
<ul>
<li><strong> Non-customer-based funding</strong></li>
</ul>
<p style="text-align: justify;">I worry about start-up businesses that raise equity angel funding or take out a loan too early. You can keep raising equity funding like a start-up dot-com from the 1990s, but equity funding eventually ceases if you don’t make a profit. Alternatively, you can borrow money, but it must be paid back. What, then, is the long-term funding solution? Eventually customers are the only long-term source of funding for any business. Equity and debt should be treated like catalysts and timing solutions, respectively.</p>
<ul>
<li><strong> Overly optimistic sales and marketing projection</strong>s</li>
</ul>
<p style="text-align: justify;">Most of the business plans that I read contain overly optimistic sales projections based on their sales and marketing efforts. Be conservative with your expectations and you can avoid this disaster. Problems surface when we spend our money before earning our sales. While it’s true that you have to spend money to make money, you do not have to spend most of your money before making any money—or at least establishing a sales trend. Wouldn&#8217;t you rather under-promise and over-deliver?</p>
<ul>
<li><strong> A lack of planning</strong></li>
</ul>
<p style="text-align: justify;">I’m amazed at the number of people that I come across who are willing to risk their life savings on a small business without a business plan. This disaster is perhaps the easiest to avoid. If you need help getting started or focused on the most important parts of any business plan, try <a href="http://www.theonehourbusinessplan.com/">The One-Hour Business Plan</a>, by yours truly. Even a business plan–phobic entrepreneur can spend one hour of writing time. Other planning resources can help as well. These are perhaps the most frequent yet avoidable disasters that I see today. How to avoid them? First, maintain your marketing, even during good times—the feast times. Next, you will need more than ten customers to eliminate customer concentration risk. However, continuing to spread your business across as many customers as possible will keep you open for business. Also, remember to fund your business through customers first. If customers don’t fund the business, eventually the business runs out of money and time. It’s sad, but worth remembering. While we entrepreneurs are an optimistic bunch, creating overly optimistic sales goals and overspending is another avoidable disaster. Finally, plan something before you spend years of time and savings. These are the top avoidable business disasters that I see. How about you? <sub><sup>Copyright John J. McAdam 2015. All Rights Reserved.</sup></sub></p>
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		<title>What Should You Do When Employees Bring Personal Problems to Work?</title>
		<link>https://pioneerbusinessventures.com/nsite/what-should-you-do-when-employees-bring-personal-problems-to-work-2/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Wed, 30 Jul 2014 11:00:00 +0000</pubDate>
				<category><![CDATA[Control]]></category>
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		<guid isPermaLink="false">http://planfoundations.com/?p=4311</guid>

					<description><![CDATA[I&#8217;ve been managing people for years, but I continue to be conflicted about how to deal with employees who bring personal problems to work.  According to recent research, by Bensinger, DuPont &#38; Associates concludes that forty-seven percent of employees say that problems in their personal lives sometimes affect their work performance. We all know that [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I&#8217;ve been managing people for years, but I continue to be conflicted about how to deal with employees who bring personal problems to work.  According to recent research, by Bensinger, DuPont &amp; Associates concludes that forty-seven percent of employees say that problems in their personal lives sometimes affect their work performance. We all know that plenty of personal problems coming through the office door every morning. Sometimes they are subtle; other times more obvious. The more obvious problems can manifest as a lack of concentration, tardiness, absenteeism, and/or lower job performance—just to name a few. What’s a manager to do? On one hand, I want to support my team and help them focus more on their work. On the other hand, some employees, consciously or unconsciously, continue to seek support for personal problems in the workplace, which becomes distracting at work. Current management approaches are divided on this issue. The “old school” approach to managing employee problems is that all employees must leave their personal problems in the parking lot.  This approach basically states, “I am paying you to work, not to work on personal problems.” It is an easier human-resources position to take: less time-consuming, definitely less interpersonal, and perhaps callous. <a href="http://planfoundations.com/wp-content/uploads/2014/07/Ashes-of-Problem-Employees-Photo.jpg"><img loading="lazy" decoding="async" class="alignleft size-full wp-image-4312" src="http://planfoundations.com/wp-content/uploads/2014/07/Ashes-of-Problem-Employees-Photo.jpg" alt="" width="211" height="239" /></a> The opposite position goes something like, “If you are having a personal problem, take care of it, then get back to work.” This works fine if the employee’s problem can be solved quickly, but long-term problems typically require more problem-solving time. For example, personal problems like divorce, issues with raising children, addiction, or caring for an elderly parent do not solve themselves quickly and need to be managed over the long term. Neither approach seems to work well.  Some employees want to be treated like family in the workplace. More often, employees simply want to be supported beyond their job activities to make them more productive at work. This sounds reasonable. Perhaps we are approaching a middle ground. When an employee’s personal problems affect job performance, the manager should focus on improving the job performance. We need to listen to our employees, but it is a dangerous and slippery slope for the manager to move his or her focus away from job performance and take on the role of a therapist, confidant, or counselor. However, when measurable, concrete job-performance metrics are not clearly affected and the problem manifests around emotions, attitudes, morale, or negativity with coworkers, the situation becomes more fragile. While I do not have all the answers for each individual case, I can provide some useful tips to help manage employees with problems based on my experiences and consulting observations. The following approaches have been useful to me:</p>
<ul>
<li><strong>Keep discussions work-related. Stay focused on the job.</strong> This sounds easy until you start listening to an employee with a serious problem. When the conversation gets too personal or veers off-topic, bring it back to the employee’s job. Perhaps you can make temporary accommodations to working hours, schedule, or work location.</li>
<li><strong>Be consistent and fair.</strong> While we like to think that a closed-door conversation is private, sometimes the employees on the other side of the door want to know what’s going on. Been there? However you decide to help the employee, remember that other employees will notice and precedents will be established.</li>
<li><strong>Provide referral resources if appropriate.</strong> Large employers sometimes have employee-assistance programs for those who need counseling. Small employers should know what local government programs and community services might be available to the employee and make referrals as appropriate.</li>
<li><strong>Do not ignore the employee if the situation recurs.</strong>  If you decide to ignore the problem, it might affect other employees, get worse, or result in employee turnover. While it can be tempting to ignore non-work-related problems, they do tend to get worse. It’s better to address the situation immediately.</li>
</ul>
<p>How about you? Do you have any useful tips for us when employees bring their personal problems to work? Let us know if you do—and don’t forget to share this article with someone who might need it.</p>
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		<title>Getting Through a Dark Business Situation</title>
		<link>https://pioneerbusinessventures.com/nsite/getting-through-a-dark-business-situation-2-2/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Tue, 29 Jul 2014 16:15:03 +0000</pubDate>
				<category><![CDATA[Control]]></category>
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		<category><![CDATA[Innovation & Entrepreneurship]]></category>
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		<category><![CDATA[Mental Health in Business]]></category>
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		<category><![CDATA[Anecdote]]></category>
		<guid isPermaLink="false">http://planfoundations.com/?p=4759</guid>

					<description><![CDATA[Did you ever feel like you were in a truly dark business situation? So far deep into the woods that you wondered, “How did I get here?” That you asked yourself, “How do I get out of this mess?” I’ll certainly share my dark business situations with you, but I would rather illustrate this point [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img loading="lazy" decoding="async" class="alignleft size-full wp-image-4783" src="http://planfoundations.com/wp-content/uploads/2015/07/BlogImages3a.jpg" alt="BlogImages3a" width="265" height="560" />Did you ever feel like you were in a truly dark business situation? So far deep into the woods that you wondered, “How did I get here?” That you asked yourself, “How do I get out of this mess?” I’ll certainly share my dark business situations with you, but I would rather illustrate this point with a dark personal situation that’s perhaps a more applicable parallel. While planning for this post, I found myself in the woods on my property, in the thickest wooded brush I’d ever seen. It was 90+ degrees outside and I was suffering from heat exhaustion. Six yellow jackets decided to evict me by stinging me multiple times on my hands and face (three stings to my index finger knuckle alone, by the way). I was panting and I couldn’t stop sweating. My muscles began to spasm and cramp due to fluid loss. It was lonely in the woods far from my house as I stood sick and injured, feeling defeated in my battle with nature. To rewind, surveyors from <a href="http://penneastpipeline.com/">PennEast</a> had trespassed on our property to survey for a 36-inch gas pipeline through our land. The pipeline would cross our land and creeks for natural-gas extraction, distribution, and exportation. Admittedly, I am more of a capitalist than I will ever be an environmentalist, but in my opinion PennEast commits unimaginable crimes against the environment for profit. My intellectual and pacifist wife decided to confront and remove three surveyors personally. She called me for help, but I couldn’t get to her due to the thickness of the brush, so I called the police. A husband finds himself in stressful situations at times. After the police left, I told myself, “Never again will the thickness of brush stand between her safety and me.” There’s a parallel between my battle with nature and the battles we face in business. I work for amazing clients—in fact, sometimes they’re so amazing that they distract me from marketing my own work. Unfortunately, I find myself yet again in the feast-famine business cycle. I enjoy working more than marketing. (Maybe you can relate to that.) However, ignoring my marketing propagates the feast-or-famine cycle. Sometimes a situation can look very dark in business. A recession hits and customers stop buying, or the bank wants its money back after one bad year. Investors’ performance expectations remain unmet. Perhaps a disgruntled employee decides to sue for wrongful termination. Whatever the dark situation, you’re in the thick of it. Take heart in the knowledge that this dark situation is temporary. There is a way out. It won’t be easy, but with planning, persistence, and a willingness to try new strategies, you’ll be out of the darkness before you know it.  For example, imagine needing to clear a path through three acres of brush to protect your family. What were the strategic alternatives? a) Call a landscaper. Approximate cost: $1,250, due three weeks from today. b) Rent a herd of goats, complete with goat herder, and put a fence around them, like <a href="http://rentagoat.com/">Rent-A-Goat</a> does in California. (It’s not available in New Jersey and I wonder why, but damn, that would have been fun). Approximate cost: $800 an acre.) c) Grab my chainsaw and get to work. Perhaps my dutiful son will help. Yeah, OK. Approximate cost: less than $50, with immediate delivery, plus a lot of work for me. d) Go to the corner store in town where migrant workers gather for hire, and try to negotiate in a foreign language. Approximate cost: about $480 over two days. This situation would probably be unsafe due to chainsaws and communication barriers. Even in the darkest situation, whether it’s a forest or a business, there’s more than one way to the light. After venting— you’re human and entitled to do so—take some time to consider your strategic alternatives. From my experience, most business people forget to do this. You might even find a fun alternative—remember the goats! Consider the time, cost, and probable outcomes before deciding on the solution. Your actions under stress define the type of businessperson you are—not necessarily the things you say. The loneliest moments in business for me are when I’m having problems and no one is available to help. Like my pained body fighting the brush alone. Daunted by the task ahead of me, I decided to look back at my progress and took this photo. I hadn’t realized how far I’d come. I couldn’t see the light at the end of the tunnel, but I knew it was close—much closer than the beginning of my path. I felt strengthened by this vision and continued my journey vigorously. If you ever find yourself in a dark business situation and need some help exploring strategic alternatives, schedule an appointment with me by emailing me at “john at pioneer business ventures dot com”. I will email you my appointment scheduler for our 15-minute telephone meeting. All I ask is that you provide the facts and limit our conversation to 15 minutes. By day, I advise established business owners on strategic alternatives. By night, during the spring and fall, I teach Strategic Business Planning. It’s what I do, and I would be honored to share my experiences with you to help you progress. Who knows? We might even find your goat.  </p>
<p style="text-align: center;"><sup>Copyright © John McAdam 2015. All Rights Reserved.</sup></p>
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		<title>Five Things I Wish I Knew About Business at Age 18</title>
		<link>https://pioneerbusinessventures.com/nsite/5-things-i-wish-i-knew-about-business-at-age-18/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Wed, 09 Jul 2014 14:17:48 +0000</pubDate>
				<category><![CDATA[Budget]]></category>
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		<category><![CDATA[Just for Fun]]></category>
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					<description><![CDATA[Do you ever wonder what it would be like to have the knowledge that you have today, but at a younger age? Being older and wiser, then going back to an earlier time, would remove a lot of stress from life—and it could even be fun! The formative years of middle school, high school, and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Do you ever wonder what it would be like to have the knowledge that you have today, but at a younger age? Being older and wiser, then going back to an earlier time, would remove a lot of stress from life—and it could even be fun! The formative years of middle school, high school, and even college would have fewer bumps in the road—and definitely fewer major mistakes. What about in the business world? What do know about business now you that wish you’d known then?  Here are my top five: <a href="http://planfoundations.com/wp-content/uploads/2014/07/Teenage-school-boy-with-electronic-tablet-outdoor.jpg"><img loading="lazy" decoding="async" class="alignleft size-full wp-image-4297" src="http://planfoundations.com/wp-content/uploads/2014/07/Teenage-school-boy-with-electronic-tablet-outdoor.jpg" alt="Teenage school-boy-with-electronic-tablet-outdoor" width="113" height="168" /></a> <b style="line-height: 1.5em;"> </b>         <b style="line-height: 1.5em;">Your college major becomes less important with age</b><span style="line-height: 1.5em;"> – What to study in college becomes an agonizing decision for many high school and college students. But is it really all that important? I  know now that instead of learning about one single subject, learning how to learn is far more important. I also learned that a well-rounded education is more important than my field of undergraduate  study. Even beyond the undergraduate level, today I know that my graduate general business education has benefited me much more than my undergraduate major. A technical undergraduate degree  combined with a graduate business degree seems to be a solid formula for business success.</span> <b>You are choosing a career in an industry with your first job out of college</b> – I wish I had known how important my first job out of college was. Your first job can get you started on a career  path. No matter what it is, it makes you part of an industry. And in a tight labor market, crossing over industries to another job becomes much more difficult. Choose an industry with the best career  path out of college, even if it’s not necessarily be the best job offer. <b>The importance of sales and selling</b> – Successful or unsuccessful selling will impact your business more than other functional business disciplines over time. In business education, we understate the importance of selling—perhaps because it is more difficult to teach than accounting, operations, or marketing.  I wish that I had understood just how important sales are to any business, particularly small businesses.  I would have respected and developed my selling skills sooner, which would have helped me today. <b>Nothing replaces business experience</b> – We cannot replicate real world business learning in a classroom environment. And failure is a very important part of business experience. I know now that I have learned more from my failures than I have from my successes. The point is not just to fail, but to fail quickly, learn from it, and move on.  I wish I had known that business schools cannot teach some of the most important lessons about small business and will never replace street credibility or learning from failure. <b>Business is emotional</b> – I wish I knew that business decisions are based more on human emotions than data-oriented problem solving. Educational institutions teach us how to manage data, but not how to manage people.  Most of business is about the management of interpersonal relationships, and I&#8217;ve learned that personal relationships and human emotions (particularly egos) trump quantitative problem solving. To write this article, I had to look back in time to when I was 18. I needed to remember what was important to me then and what misconceptions about business that I might have held. I remember fretting over my college major, which turned out to be not as important as my broader business education. Looking back to my years searching for a job, I recall prospective employers labeling me as being part of an industry. Since transitioning between jobs eventually becomes important for any business career, I wish that I knew that my industry choice was even more important than my undergraduate college major when job searching. Selling is not only important in job-searching, but also in any business setting, particularly small business.  Any business career is going to have its highs, lows, successes, and failures. Nothing replaces business experience to get through rough times. A business career is an emotional ride, more emotional than I ever thought. With that in mind, I wonder if what I know now would have made my business journey less enjoyable back then, even if it made it easier. <span style="line-height: 1.5em;">Let us know what you know now that you wish you’d known then.</span>  </p>
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