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Lose These 12 Bad Habits If You're Serious About Becoming a Millionaire

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Success is a mindset. In order to be successful you must commit to planning your life around that one burning goal or desire. Before making that big leap of faith, there are certain things that you need to cut out of your life so that you can be prepared when your chance comes along.

I have listed 12 habits that you need to cut out of your life immediately. Dropping these habits won’t just make you successful in business, they will help you become more present with your friends and family, and in the long run will make you happier.

1. Stop underachieving, start overachieving.

Everything in life worth doing is worth overdoing. When pursuing your goals don’t stop when you have achieved the bare minimum. Keep going until you have blown those goals out of the water, and then keep working some more. When you have this work ethic, the only thing that can stop you is you.

I always set very attainable goals for myself. I also never fall short of the mark. It’s great to be ambitious, but if you’re constantly coming up short it can be demoralizing and kill your motivation.

Related: 9 Everyday Habits of the Average Millionaire

2. Stop multitasking and focus.

Studies have shown that 98 percent of humans cannot successfully multitask. Usually those who believe that they can multitask are actually the worst at it. Stanford scientists write that multi taskers have trouble filtering out irrelevant information, organizing their thoughts, and shifting from one task to another.

Next time you’re trying to be productive, try shutting down every tab on your computer except for the ones that relate to the task at hand. Turn off your notifications and use 100 percent of your focus on that task. You will see a tremendous boost in your productivity.

Related: Why Smart People Don’t Multitask

3. Stop checking social media while you’re working.

Social media platforms create a maze of links and posts that are designed to keep you hooked. It is a major time drain, and one that does not contribute to success. Instead of checking Instagram and Facebook on your breaks, read the New York Times or TechCrunch so you can bring something truly meaningful to your next conversation.

Related: Science Says Our Constant Connectivity Is Hurting Productivity. Here’s How to Fix It.

4. Don’t compare yourself to anyone.

This will never end well. There will always be someone out there who is smarter, wealthier, more successful and better looking than you. Thinking like this is a distraction, focus on you and you alone. Most importantly, focus on winning your short-term goals and the dominoes of success will start to fall.

Related: The Limitless Power of Focusing Fully and Then Letting Go

5. Stop wasting time with negative people.

Don’t cause a scene or ruin a friendship. Just limit your availability for those toxic people in your life. Sure, see them once in awhile. But, a negative influence can cause you to lose focus on what is really important.

Related: 12 Ways Successful People Handle Toxic People

6. No more excuses.

If you want something, go out there and get it. Don’t create excuses, don’t even create reasons. Reasons are just excuses with makeup on.

Before I started working for Due, I worked with a small team on a crowdfunding startup. We had little experience, so we constantly came up with excuses and convinced ourselves of our limitations. A couple hundred thousand dollars gone and a year later, we realized we created so many reasons why we couldn’t that it became a reality. Don’t become a victim. Victims never succeed.

Related: How to Overcome 5 Excuses That Kill Entrepreneurship

7. Don’t be a perfectionist.

Be a realist. Don’t spend those extra five hours meticulously creating fonts and color schemes for a presentation that only you will notice. This goes into time management. Be efficient and effective. Don’t procrastinate by obsessing over little details that don’t matter in the long run (or maybe even in the short run).

Related: Don’t Become Paralyzed By Perfectionism

8. No more complaining.

It’s simple. If you think positive and talk positive, positive things will come to you. Keep the glass half full. Levels of optimism and pessimism correlate directly with overall health. Keep those smiles up and frowns down.

Related: The Amazing Lesson of the Pope’s No Complaining Sign

9. Stop thinking everything is about you.

Your upset boss isn’t looking to fire you. The Lyft driver isn’t giggling at your tie. They have their own problems, and that’s what they are thinking about. Not you!

You’ll be a lot happier when you stop assuming it is all about you.

Related: Don’t Believe Everything You Think!

10. Don’t carry all the weight on your back.

Sure you are in charge. But, that doesn’t mean that you need to take on every challenge and micromanage your staff. Learn to delegate. The question you should be asking yourself is not, “how can I get this done,” it should be, “how can this get down in the most efficient manner possible.” Usually good enough is all you need.

Related: 7 Rules for Entrepreneurs to Delegate Effectively

11. Stop making meetings a priority.

Mark Cuban once said, “never take a meeting unless someone is writing you a check.” Meetings start late, run too long and seldom are very productive. Meetings are time killers. It is always better to make targeted contact with the necessary people throughout the day.

I always request a detailed agenda when I’m asked to join a meeting. If there’s no clear value for me to gain or for me to give I won’t waste anyones time. Remember, it’s always okay to say “No.”

Related: How the Best Companies in the World Run All-Hands Meetings

12. Stop using to-do lists.

Start plugging all of your tasks into your calendar. Having your work integrated into a time table will greatly enhance your efficiency. Spend the necessary time planning out your calendar, and then live by it.

Live and abide by these rules and you will see change in a matter of weeks. At the end of each day sit and reflect on what you did right and what you can do better tomorrow. Most importantly visualize success; and success will come.

A daily source of inspiration and information, Entrepreneur.com fuels the spectrum of game-changers that define what it means to be an entrepreneur today. That includes business leaders who launched something from nothing, content creators in the social influencer space, athletes pushing the boundaries of performance, and internal thought leaders innovating inside major corporations. Entrepreneur.com offers strategic insights and how-to guidance for the people that make things happen.

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How Purpose-Driven Social Impact is Good for your Business, Brand, and Bottom Line

Social Media Week

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In the past year, we’ve seen an unprecedented number of brands setting out to do good in the world. Inspired to action by the social and political challenges we face today, these brands are taking a strategic—and profitable—approach. They are creating social impact that directly aligns with their brand purpose, building not just goodwill, but brand equity.

Understanding how social impact and advocacy can boost a brand’s equity, and therefore its bottom line, is complex. When a brand tries to position itself as socially conscious, what makes it credible? How can a brand truly stand for positive change, instead of just paying lip service—or worse, being accused of “brandwashing” and causing serious backlash? In our socially-savvy, always-connected world, how does a brand make a lasting, authentic impact?

In preparation for my upcoming SMW panel “When Doing Good Drives the Bottom Line,” I had the chance to speak with the three inspiring panelists and marketing leaders from Sonos, Absolut Elyx, and Peace First to see how they are tackling these questions. Each are doing good in the world in ways that not only tell their brand story, but also build brand equity through impact.

Sonos is a perfect example of a consumer brand that is creating a real impact by invoking its purpose. Joe Dawson, head of Cultural Marketing and Social Impact, and his team are implementing remarkable programs in support of creative expression that resonate with the brand’s core purpose: “Listen better to Live Better.”

Sonos recognized that while they didn’t have a legitimate history of activism in the space, they did have the resources, a powerful platform, and a deep passion for artistic expression. Rather than starting from scratch, they ‘listened’ to the nonprofit organizations and community leaders already deeply engaged in the conversation around music censorship and artists’ needs and rights, and found ways to provide resources such as Listen Better grants, meeting spaces at Sonos stores, and a platform to amplify their voices. On the eve of the Grammy Awards, they closed their flagship Soho store as a statement to defend Net Neutrality and the vital role an open internet plays in cultivating creativity and music culture. In the wake of the Cambridge Analytica scandal, Sonos exercised its social media power again by pulling its ads from Facebook, Instagram, Twitter, and Google for a week. Their social accounts went silent in solidarity with those seeking to build a healthier, more consumer-friendly tech ecosystem.

What makes Sonos’ initiatives in particular so successful are that they are part of a cohesive strategy connected to the brand narrative. As a company at the crossroads of audio, technology, and media, Sonos recognizes its relevance to music, culture, and digital rights. Their cause complements the brand, appearing natural and genuine rather than stunt-like. This is due largely to two things:

  1. Sonos’ expression-focused brand purpose: the higher-order ‘why’ that embodies a brand’s reason for being.
  2. Their brand social capital: the reserve of understood goodwill a brand can generate by making a difference over a long period.

By aligning their social impact and marketing strategies with their brand purpose, Sonos goes that extra mile. They are not doing good simply for the sake of doing good (though that’s certainly not a bad thing!), but are making sure that their every action reinforces who they are and what they stand for. I, for one, am all ears!
To learn more about how Sonos, Absolut Elyx and Peace First bring their purpose to bear in the world, please join me at my panel this week. And stay tuned for a post-conference follow up sharing all the highlights and insights from the week!

Learn the latest trends, insights and best practices from the brightest minds in media and technology. Sign up for SMW Insider to watch full-length sessions from official Social Media Week conferences live and on-demand.

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Cinedigm and Dr.Oz’s JungoTV Partner to Launch New 24/7 Channel on Twitch

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This article was written by Matt Lopez and originally appeared on VIDEOINK.

Cinedigm and JungoTV are launching a 24/7 channel on Twitch, the gaming-focused social video platform. The channel, dubbed Combat Go, is the brainchild of media executive and former Crunchyroll Chief Content Officer George Chung, who is a five-time former World Karate Champion and Inductee in the Black Belt Hall of Fame.

The new network will provide over 600 hours of content—including over 100 hours of live fights—specially curated by martial arts experts, catering to both casual fans and passionate enthusiasts alike.

“When correctly taught and executed, the martial arts develop respect, discipline and honor,” said Dr. Mehmet Oz, JungoTV co-founder. “These admirable character traits will be on full display in Combat Go’s carefully curated programming, as the world’s top athletes execute the dynamics, unique styles, and practices that help achieve peak performance in their sports.”

Included in the content to be streamed on Combat Go are MMA and Kick Boxing competitions featuring matchups between internationally ranked fighters from promotions such as CageSport, Canadian Fight Night, Bangkok Fight Night and China’s leading combat league Kunlun Fight. The channel will also feature a variety of alternative combat sports geared toward millennial audiences, according to the two companies.

“There is a real lack of global combat sports among digital-first networks,” said Erick Opeka, EVP of Cinedigm Networks. “We look forward to bringing a diverse, high-quality array of top-tier events to the widely-popular and growing Twitch channel as well as other platforms where fans can not only watch the content, they can engage with it and their friends. We’ve seen great success so far with the performance of our fandom-focused CONtv channel on Twitch and expect similar results with Combat Go.”

Combat Go is the fifth channel from Cinedigm’s rapidly growing Digital Networks Group, which plans, launches and operates owned-and-operated as well as partner networks. Currently, the company operates factual network Docurama, fandom lifestyle network CONtv, gaming lifestyle network WHAM, and the family-focused Dove Channel.

Learn the latest trends, insights and best practices from the brightest minds in media and technology. Sign up for SMW Insider to watch full-length sessions from official Social Media Week conferences live and on-demand.

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Unilever Turns Up the Heat on Facebook & Google Over Tech’s ‘Unintended Consequences’

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Unilever has issued a stern warning to digital platforms including Facebook, Google, and YouTube: do more to improve transparency and clean up the “swamp” of fake news, exploitative, and socially divisive content, or be cut off from its multi-billion dollar digital advertising budget.

CMO Keith Weed recently spoke at the Interactive Advertising Bureau’s annual leadership meeting held in Palm Desert, Calif. CNBC quotes him as saying, “We need to redefine what is responsible business in the digital age because for all of the good the tech companies are doing, there’s some unintended consequences that now need addressing.”

Two of the most important consequences being referred to include the threatening of safety of users, especially young children, and loss of trust by consumers and companies at large.

While it’s unlikely that Unilever will turn its back on the two largest digital platforms, Weed’s words matter because of the sheer amount of ad budget Unilever holds across its portfolio brands. MediaPost reports that in 2017, the company spent approximately $9.8 billion on marketing and advertising, a quarter of which went to digital.

Beyond the public denouncements, Unilever is also working with IBM to develop a blockchain with which the company can more effectively reduce ad fraud via a record of what media is purchased and how it is delivered.

A separate MediaPost article shares YouTube CEO Susan Wojcicki’s response to Weeds comments on Monday. In her own statement at Recode’s Code Media conference, she assured,
“We want to do the right set of things to build [Unilever’s] trust. They are building brands on YouTube, and we want to be sure that our brand is the right place to build their brand.”

Recent efforts we’ve seen in support of this include significant updates to its Creator Program policy. Further, in light of the recent Logan Paul controversy involving a video in which a suicide victim was filmed inside a Japanese forest, the company has suspended running ads on his channel, per Ad Age.

While brand safety is a concern on the minds of many marketers, Unilever’s public comments this week indicate that brands are viewing the issue with a much broader lens, and seriously questioning the role these platforms play in people’s everyday lives, beyond the world of advertising. In this important cultural moment, people are looking to brands and platforms to assume responsibility and be proactive to keep their spaces safe, trustworthy, and suitable for communities.

To further explore the overarching question of how technology, including digital platform giants, can be used to bring us closer together versus further apart, join us at SMWNYC April 24-27. Register today and save 20%.

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Facebook’s Next Step in Building Community: $10M in Grants

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Facebook has made several important announcements as of late the support its mission to create more “meaningful communities.” The latest? Investment in a newly announced Community Leadership program designed to support its community-building leaders through a variety of residency and fellowship opportunities that offer training, support, and funding.

Here’s how it will work: Facebook will name five “community leaders in residence” and provide up to $1 million each to fund their proposals, in addition to providing them with the opportunity to attend a customized leadership development training session.

Moreover, Facebook will select 100 individuals to join its fellowship program and receive up to $50,000 each for a “specific community initiative.” They’ll also participate in four in-person gatherings during which they will have the chance to meet and collaborate with other fellows.

Another key initiative in the works? Expanding Facebook’s “engineering team for community safety,” which is headquartered in London. In particular, the company hopes to double the number of employees focused on such efforts including detecting and stopping fake accounts, protecting people from harm (e.g harassment and scams), and making it easier to report content, by the end of 2018.

Further, Facebook outlined new tools for group admins, including page personalization options (e.g. color and the ability to pin announcements to the top of the page), the ability to create and share group rules; and more features to monitor Group Insights.

Outside of its Communities Summit, but along the theme of ensuring time on the platform is time well spent, the company also confirmed last week it was testing a downvote button that would allow users to provide feedback on comments in particular. The downvote button is being tested within a limited group of U.S. users for the time being.

This is not to be confused with a “dislike” button, but rather a more “lightweight way for people to provide a signal to Facebook that a comment is inappropriate, uncivil, or misleading”—this according to a Facebook spokesperson quoted in TechCrunch.

Here is what the button looks like in action:

Image via TechCrunch.

As the screenshot depicts, the user will have the ability to select whether the post was found to be “offensive,” “misleading,” or “off topic,” the choices aimed to help guide Facebook’s course of action with respect to the particular piece of feedback.

Forbes adds that, the downvote option in its test mode only applies to public posts as opposed to Group posts or the Pages of public figures. It also doesn’t affect the ranking of the post and the number of downvotes a post gets won’t be publicly shared.

These initiatives by Facebook to reverse some of the negative perceptions of its role in society come at a critical time as brands and citizens alike are putting more and more pressure on the world’s leading tech platforms to course-correct their products for the safety of their users. Just this week, Unilever threatened to yank ad dollars from Facebook and Google due to the company’s growing dissatisfaction with their overall impact on society.

“We cannot have an environment where our consumers don’t trust what they see online,” stated Unilever CMO, Keith Weed, to the BBC.

Learn about Facebook’s increasingly complex role in society by joining SMWNYC April 24-27. The conference will offer multiple sessions designed to explore where brands and platforms fit into tech’s future in our world. Register today to secure your pass.

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