Earn More

There are a number of ways to earn more money, whether it’s through side hustles or starting your own business, or something in between. If you’re looking to boost your income, here are some ideas to get you started.

Side hustles are a great way to earn extra cash, and there are many different types of side hustles you can choose from. You could start a blog and sell advertising, become a virtual assistant, or even start your own online business. There are endless possibilities when it comes to side hustles, so find one that suits your skills and interests.

If you’re interested in starting your own business, there are a few things you need to keep in mind. First, you need to come up with a great business idea. Once you have an idea, you need to validate it by testing the market and seeing if there’s a demand for your product or service. If there is, then you need to create a business plan and raise the necessary funding to get your business off the ground.

No matter what route you choose to earn more money, there are a few key things to keep in mind. First, you need to be passionate about what you’re doing. If you’re not passionate about your side hustle or business idea, it’ll be very difficult to succeed. Second, you need to be willing to work hard. Earning more money takes time and effort, so you need to be prepared to put in the work. Finally, you need to be patient. It takes time to see results from your side hustle or business, so don’t expect overnight success.

5 Characteristics of High Growth-Companies

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When it comes to hot industries like technology, healthcare, or software, certain companies can surge past the competition and achieve impressive growth. And though the formula is always different, these organizations usually share some similar traits and beliefs.

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5 Things High-Growth Companies Do Well
There are companies, and then there are high-growth companies. While there’s nothing wrong with being in the former category, businesses that fall into the latter tend to experience much more success at a much faster rate.
Here are a few ways they’re able to accomplish this feat:This Event-Driven Fund Won In August With The Largest U.S. Cannabis REITDG Value Partners II Class C was up 9.05% for August, bringing its year-to-date return to 44.82%. The S&P 500 was up 3.04% for August, with a year-to-date return of 21.58%, while the HFRI index is up 10.31% for the first eight months of the year. Q2 2021 hedge fund letters, conferences and more DG Read More

Kaizen Mentality

The word “Kaizen” is a Japanese term that means “continuous improvement” or “change for the better.” Over the years, it’s morphed into an entire business philosophy that focuses on process improvement for organizational growth and success.
And whether they use the term Kaizen or not, most high-growth companies adopt these underlying principles into their processes.
In the most basic sense, Kaizen is a commitment to constant and never-ending improvement. It embodies a blend of strategic principles, such as:

Never justify established best practices, but always question them.

See waste and problems as opportunities.

Always maintain a positive attitude and outlook.

Seek out daily one percent improvement.

Seek the wisdom of 10 people, rather than the knowledge of one.

Choose the simplest solution and implement it right away (rather than waiting for the perfect solution).

When you have a Kaizen mentality, everything is on the table. Change is constant and never-ending.

Preventative Maintenance

High-growth companies don’t sit around and wait for something to happen before acting. This is true in every area of the organization – from sales and marketing to HR and maintenance.
If you specifically look at maintenance, you’ll notice that these organizations always have carefully documented preventative maintenance strategies that address minor issues before they evolve into major (and costly) problems.
Take fleet management, for example. Companies with large fleets rely on fleet maintenance software to ensure they’re achieving lower operating costs by investing in timely maintenance and repairs.

Clear Hiring Processes

High-growth companies know that the people make the business – not the logo or even the products. If you have the right talent in the building, you’ll never have trouble pumping out new ideas, products, or innovations.
Hiring good people doesn’t happen by accident. You need to be intentional and use discernment. Clear hiring processes will help you do this.
As successful entrepreneur Feliks Eyser puts it, “First-time founders hire one employee out of five applicants after just one or two job interviews. Second-time founders know that recruiting is their number one priority in growth mode.”

Quick to Fail

Slow-growth businesses spend a ton of time preparing for new products, processes, releases, and launches. There are brainstorming sessions, meetings, collaboration sessions, more sessions, more meetings, etc. Planning becomes an obsession and execution takes a backseat.
High-growth companies, on the other hand, emphasize progress/action over perfection. They’d rather develop a minimally viable product or process, act, and then study the results. They’re okay with failing, so long as they’re quick to do it.
When you fail quickly, you also learn quickly. And because it happened so fast, you didn’t sink nearly as many resources into it as you would have if you spent months or years planning. This allows you to recover quickly and get on to the next idea or iteration.

Client-Focused

You can’t build a successful company if all your energy is focused on your brand. You must zoom out and put yourself in your customer’s shoes. Client-focused organizations are much more likely to win in the long run.
How do you become a client-focused company? The rules are quite simple:

Know who your target audience is (using rich customer profiling)
Ask (and listen) to what your customers want
Focus on giving before ever asking
Build a brand around helping your clients achieve their biggest desires

While these principles are easy in theory, they require a ton of discipline and energy to execute on. Make sure you develop rules and processes that help you achieve these goals.
Putting it All Together
No two companies are the same. However, you’ll almost always find these five traits present in a high-growth company. By integrating them into your own organization, you can increase your own chances for efficient growth. Good luck!
Updated on Sep 10, 2021, 6:14 pm

3 MLPs With 7%+ Dividend Yields And Safe Payouts

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Investors need to be careful when selecting high-dividend stocks. An outsized dividend yield is sometimes a sign of danger. When a stock price crashes, its dividend yield rises. Therefore, there are times when a high yield is simply the result of a collapsing share price, possibly an indication that investors are expecting a future dividend cut. … Read more

12 Dividend Stocks That Offer Monthly Dividends

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Most dividend stocks made payments to shareholders on a quarterly basis. But not all companies pay quarterly dividends. In rarer cases, companies may pay dividends to shareholders annually or semi-annually. There is an even more appealing group known as monthly dividend stocks. These are stocks that pay dividends once a month, equating to 12 dividend … Read more

Dividend Aristocrats: The Top 15 For Long-Term Dividend Growth

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Dividend Aristocrats are the best dividend stocks to buy and hold over the long term have a number of key characteristics in common. First, they have leadership positions in their industry, which provides for steady profits each year, even when the economy is in recession. Next, quality dividend stocks have shareholder-friendly management teams that prioritize … Read more

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