Month: June 2014

No Time to Waste

Sun Rises From Haleakala

Living life today with the goal of making it is not for the faint of heart. Sometimes challenges or goals require so much effort on your part, and and sometimes it is almost easier to quit. But, when you reach those points that is exactly when you cannot quit and you have to go on if you want to climb your mountain. You have seen people who cannot see and somehow, after mustering all their reserve, climb Mt. Everest. The other day I read about a person who had no legs – just the prosthetics – and he did the same thing. How do they do it?

First, it requires an incredible desire to make it. Second, it requires an incredible discipline to stay the course and stick to the plan that has been thought out and set. No deviations, aside of something coming up unexpectedly, which always happens, and then you deal head on, re-adjust the route and come back to the plan.

But before you decide what route to take, what plan to follow or where to go, you need to decide what’s important to you. Whether young or old, whether you go at it later in life because of X or lost time because of Y, or you have not lost any time because you’re starting out fresh, it is your time to take on the day and seize the moment, even if you do not know where to begin.

First realize that the rules of have changed. In order to reach a goal, it requires even more work than you may be used to experiencing. Provided you realize what your natural talents are and also perhaps by receiving some feedback from friends, you can embark on a goal where you feel you have an edge.

For example, if you are looking for a career, realize that not everybody is cut out to become a scientist or an engineer. But, you can follow your heart (and your brain) and do what you want to do.

Be willing though to take calculated risks.

And, always be ready – every day – to give it your best and more than your all.

In every goal in life and everything you do, you are competing with so many others. At times people who are more qualified than you. Does it mean you pack it up, get depressed and climb under a rock? On the contrary, other factors can come into play that can give you an edge over a seemingly better candidate on paper; factors such as your drive, motivation, determination.

Can you take a different approach than everyone else? Can you handle a little more calculated risk? What happens when you take a more direct approach? What does your network look like? Non-existent? Do you know any people? Can you change into an extrovert if you are not?

In business these days, you need to build a network of people you know outside just your friends and relatives. People who you can reach out and talk to when you want, people who will offer to connect you with others because they believe in you and that for many reasons will promote your efforts.

But you need to be able to reciprocate. The old approach of knocking on doors does not work very well these days. Although many people still use it if they have no connections, it is not the most efficient way and will usually take so much longer than working through your established network, your acquaintances and through the people you met during the course of your life.

And, it takes work to maintain those relationships. You don’t just meet someone, then do nothing with them for a number of years and then when the need arises, you reach out to them. No, it doesn’t happen this way. You have to build and nurture that connection. It requires a lot of effort on your part, but it is an absolute necessity to achieve your goals.

Life can be very hard, and to make your mark in this world, you’ve got to be willing to give it your best and then some. There will be tough and bad times, which you might have already experienced, where things might not come your way for some time. But, you need to continue to fight – no matter what – even when someone promises you that “you’ve got this in the bag” and then you never hear back. Even when you thought you hit your goal, only to be left standing wondering what happened.

Do not ever despair. Don’t let other people’s comments or life’s unpredictable moments define you and your future. Learn from your mistakes and failures. And then, continue to dream and follow the dream no matter how hard it looks, because eventually it’s going to be fine. Devise and stick to your plan, making course corrections as necessary. Have the stamina and tenacity to make it happen. Don’t let anyone get the best of you.

And, most importantly, always be grateful of what you have, because even in the darkest hours, you still have a lot, whether it be your next breath or the gift of a sunset on a particularly difficult day. Stay to the task and know that no matter how the “weather” is out there, you will eventually reach your goal – or something better.

May your dreams become reality.

Please don’t forget to follow my blog at Life on Your Terms and like my Facebook Page.

Posted: June 10, 2014

© 2014 Savas Vikos all rights reserved. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Savas Vikos with appropriate and specific direction to the original content.

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Startup Funding Basics

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I have been asked a number of times to write about fundraising, especially for startups due to my background being involved for some time in for-profit fundraising globally.  Although the mission of the blog is not so much related to this area I thought I will cover some basics for those of you who want to start and fund their own business, follow their dream and contribute in doing good deeds to society.

At first you start with your idea. Something well thought out. You will definitely need some initial capital either from your own or maybe support from family and friends. Since it might be easier for them to believe in you. If that is not an option, you can turn to angel investors where you would have to pitch your idea.

There are also incubators, companies that will help you in the beginning take the first step by offering you initial funding of support in return for equity.

In addition, private equity companies can get involved if part of their portfolio is to help startups. You would have to research these companies to see their preferred areas of interest. I have to say though it is not easy initially to get their attention. Reason being, they find startups to be risky, as you would probably know.

Now there are exceptions. If they like your idea so much and you have been able to show that you have invested out of your own money 5 to 10% of the capital needed and you have put together a well thought out and delivered business plan with financial projections. Your management team is also very important and should consist of individuals with experience and a proven and successful track-record similar to the business you are starting. You need to have someone on the team who was able to deliver a company from point A to point B.

All these are some of the minimum requirements to have a chance to be considered.

Please don’t forget to follow my blog at Life on Your Terms and like my Facebook Page.

Posted: June 2, 2014

© 2014 Savas Vikos all rights reserved. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Savas Vikos with appropriate and specific direction to the original content.