There is a lot to learn from every situation you find yourself in, either bad or good. The best thing to do is embrace the lessons and move forward. Daniel Javor shares some of the lessons he has learned running an 8-figure portfolio.
Daniel is a thriving online investor and the CEO of JavaBlue. Being a pioneer in the micro private equity space, Daniel has invested in more than 30 companies worldwide, ranging from e-commerce, digital marketing, and real estate, among others.
Starting his entrepreneurship journey at the young age of 13, Daniel has always been an ardent lover of anything to do with entrepreneurship. According to Daniel, the basics of entrepreneurship were instilled in him at a young age as he came from a family of entrepreneurs. Having worked in multiple businesses, including a digital marketing agency, Daniel says they have all contributed to shaping him into the entrepreneur he is today.
Here are leadership lessons he has learned running an 8-figure portfolio:
“Being busy all day does not mean you are productive,” says Daniel. With so many things to tend to, the key is prioritizing what will have a massive impact on your business. A firm believer of the 80–20 rule, Daniel notes that he first focuses on tasks with a high beneficial rate. In addition, for this to work, you must know your most productive hours. Daniel prefers to take care of those tasks from 10–1 PM as that’s when he is the most productive.
“Failure is a part of becoming successful,” says Daniel. He adds, “People will rarely remember your failures, so you should never be afraid to fail.” Growing his investments from six figures now to eight, Daniel says it has been challenging. Sometimes he can try about 100 ideas before any of them are successful.
Without a clear plan, distractions pop up from every corner. “Goals equally help you ensure you are on the right path, so it is important to take stock of your goals from time to time,” says Daniel. He also advises taking time to carefully plan through your goals and reflect on new ideas. Daniel takes the mornings or evenings to reflect on new ideas, lists them down, and then runs them by his friends.
“Different people have different views on certain matters,” says Daniel. By listening to the opinions of others, he can judge which is most viable. While people may not like asking for opinions, according to Daniel, “With success, it is not about being right but how the idea will impact your business.”
- Work Smarter Rather Than Harder.
“Self-care is necessary for building a successful life. Overworking yourself will do you more harm than good,” says Daniel. As much as it is important to get work done, it is equally important to take breaks, have some fun, and go on vacations. “This will help increase your productivity and creativity,” notes Daniel. Giving your employees time off also allows them time to unwind, which helps increase their productivity.
To sum up, the above lessons by Daniel Javor will help you navigate your way in any industry and, above all, emerge a successful leader.
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