From Polo to Profit: 6 strategic business lessons You can Learn from Ralph Lauren’s story and success of building a Luxury Custom Clothing Brand

Ralph Lauren is a popular fashion brand that has gained worldwide recognition for its classic designs, excellent craftsmanship, and commitment to luxury. He founded his brand in 1967 and has since grown into a global powerhouse. It offers various products, including clothing, accessories, fragrances, and home furnishings, and operates over 500 directly owned stores internationally. Recent annual revenue exceeds $6 billion.

Five (5)  Crucial Mistakes to Avoid as Your Business Grows in 2024

Medium shot of a business owner trying to grow his business 

Picture from freepik 

Entrepreneurs face challenges and opportunities every year, and it’s always good to be ready with the right strategies. This blog post discusses five (5) business growth mistakes business owners should try to avoid in 2024, drawing on the experiences of successful entrepreneurs and current trends. By following these strategies, you as a business owner are ready to experience business progress.

Read more: Five (5)  Crucial Mistakes to Avoid as Your Business Grows in 2024

Cement vs. Earthen Catfish Ponds: Which is Better for Your Aquaculture Business?

Cover imagery Cement vs Earthen Ponds

When I started my catfish farming business, I had to make an important decision: should I use cement or earthen ponds? At first, I chose a cement pond due to its reputation for offering a controlled environment and being durable. However, as my business grew and changed, I switched to earthen ponds. In this post, I want to share my personal experiences with both types of ponds, including practical aspects and nuances that could affect your aquaculture decisions (Cement vs. Earthen Catfish Ponds).

What is Concrete Cement Catfish Farming?

 Concrete Cement fishes inside water


Concrete cement catfish farming involves growing catfish in cement ponds instead of natural bodies of water or earthen ponds. These cement structures, often rectangular or square, are tailored to fit the size of the farming operation. The popularity of cement ponds in aquaculture is rising due to their efficiency and the increasing demand for fish protein.

Why I Settled for Cement Ponds Initially:

My journey as an entrepreneur did not begin with fishery farming. However, after running a customised sweatshirt business in school and freelancing after graduation, I turned to fish farming. My mother’s success inspired this decision in scaling her poultry farm and the achievement of a local earthen pond farmer near my house. I was encouraged by my family to venture into catfish farming and decided to construct a 500-square-meter cement pond at the front of our home.

This decision was strategic, as a cement pond was a better option for beginners in catfish farming. If there was a huge loss, our costs of setting it up would be reduced compared to renting an earthen pond. We also had the cement pond to ourselves, and it could be converted into other things. Additionally, it offered a high level of control over environmental variables such as water quality and temperature.

How well does YouTube pay?

Youtube can make you rich

How to start a YouTube channel

YouTube is a brand that Google owns; hence, to operate a YouTube account, you will need to use your current Gmail account or create a Gmail account to do that.  

  • Go straight to youtube.com and sign in at the right-hand corner on the top of the page. This will request that you input your gmail account or create one.
How to sign in on YOUTUBE
  • After you have logged in to your gmail account into YouTube, the next step is to create a channel. Do this by clicking the Icon on the top right-hand corner. 
  • The next interphase allows you to create a personal or business channel. 
  • Choose a channel name, follow the relevant processes, save, and you are now a member of the YouTube creator family. 

Why start a YouTube channel?

If you are thinking of starting a YouTube channel in 2024, you are making the right decision and it is not too late for you to get on the ride. YouTube not only lets you show off your talent, but it also lets you get paid for making videos.

Renowned creator MrBeast has made news for himself after he amassed a subscriber number of over one hundred million. This is a big reason his YouTube payment is so high—millions of dollars. You can also get on the YouTube payment plan by meeting the requirements for the YouTube musician partnership. 

Channels of earning from YouTube

The YouTube Partner Programme is a comprehensive partner program that provides creators with income opportunities and assistance. In the past, the primary way YouTubers could earn was through AdSense. 

This has always been a significant discussion among people paid by YouTube. Recently, upon acceptance into the partnership program, creators can earn revenue from YouTube adverts, Super Thanks, Super Stickers, Super Chat, channel subscriptions and by selling goods to their audience. 

Once registered to the Partnership programme, you get an automated copyright flag when someone else reuploads your work and access to Creator Support staff for one-on-one assistance. By continually innovating, YouTube aims to make the Partner Programme continually beneficial and worth it for creators. 

Types of videos creators can create

YouTube was majorly known for long-form- landscape videos until the concept of shorts became popular among creators on social media sensation networks like Snapchat, TikTok, and Instagram. This made YouTube introduce YouTube shorts, and this became significant on YouTube. Today, YouTube has introduced YouTube shorts into what qualifies a creator to be a partnership programme. 

Youtube Shorts Daily Views - Start a Youtube channel

Source: Business Insider

The YouTube Partner Programme provides access to tools such as one-on-one help and the Copyright Match Tool, and it enables content creators who meet specific criteria to participate in various revenue-generating opportunities. 

Creators are developing prosperous firms that have staff members and fully functional operations. They represent a significant portion of the more than $80 billion distributed to inventors, artists, and media firms over the previous three years.YouTube Revenue and Usage Statistics (2024) – Business of Apps

How to become eligible

YouTube isn’t just handing out dollars to people for creating videos; the multibillion-dollar corporation requires that whoever gets into the partnership programme meets specific criteria to benefit from this tremendous opportunity. The requirements are called ‘Monetisation policies.’ such a creator must live in the region where the YouTube partner program is available. 

Now, content creators in the United States, the UK, Taiwan, South Korea and Canada have a faster path to being eligible for the YouTube Partner Programme. Apply to participate in the programme and unlock perks such as financing from fans and select features for YouTube Shopping if you meet the eligibility requirements listed below:

  • To qualify for this payment, creators need to have 500 subscribers, three public uploads in the last ninety days, 3,000 valid public watch hours in the previous twelve months, or 3 million public Shorts views in the previous ninety days.

Creators in other parts of the world can enjoy the benefit of the YouTube partners program when they meet the requirements below: 

  • One thousand subscribers and four thousand valid public viewing times in the preceding 12 months OR 10,000,000 valid public views of Shorts in the preceding 90 days.

Final take

All creators will go through a standard review process upon applying to ensure their channel meets our policies and guidelines. Some features may have additional eligibility criteria. In all, choosing to start a YouTube channel is not a bad decision.

Elevate Your Productivity with These AI-Based Chrome Extensions


In today’s fast-paced digital world, productivity is important for both people and companies. AI-Based Chrome extensions can improve efficiency by automating chores, providing insights, and streamlining workflows. They do this by using the power of artificial intelligence (AI).

In this interesting blog post, we’ll talk about ten AI-powered Chrome apps that will blow your mind. Prepare to be amazed by the wonders of technology as we introduce a new age of productivity where efficiency meets innovation and work becomes a harmonious symphony of smooth accomplishment.

1. Grammarly

Chrome Based Extensions - Grammarly

The AI-powered writing assistant can help you improve your online writing. This amazing extension does more than just check your grammar and spelling. It also improves your sentence structure by adding ideas that give your emails, social media posts, and content more life.

2. Evernote Web Clipper:

 

With Evernote Web Clipper, you’ll find an oasis of order. This amazing extension allows you to save interesting web articles, useful research, and other online material straight to your Evernote account.

3. Momentum

Chrome Based Extensions - Momentum

This app changes your new tab page into a place where you can get things done. The joy of peaceful backgrounds, updates, task-oriented to-do lists, and inspiring motivational quotes that get you excited about what you want to do.  Say goodbye to things that will only keep you from working for a short time.

4. RescueTime

 Rescue Time Extension

RescueTime keeps track of what you do online and tells you how you spend your time. It helps you figure out what’s getting in the way and set goals.

5. Boomerang for Gmail

Chrome Based Extensions - Boomerang

Boomerang lets you send emails later, set notes, and track how people respond. It helps you keep up with your email. It organizes your inbox in a way that makes sense, keeps you in good contact with your peers, and doesn’t care about time.

6. Toby

Toby Extension

It is a tab manager that organises your open tabs into groups. It helps you keep your browser neat and lets you move quickly between jobs. Watch as chaos turns into order, and moving from one job to another becomes a dance of effortless precision.

7. Loom:

Loom is a screen recorder that uses AI to copy your videos in a way that makes you look like a pro. It also lets you record your screen and automatically transcribes the movies you record. You can record lessons or demos and save time on transcription by not having to write them down.

8. Feedly

Chrome Based Extensions - Feedly

Feedly is a news reader that shows you stories based on what you’re interested in. It helps you find new things to read without getting too much.

9. Zoho Notebook

Chrome Based Extensions - Zoho Notebook

Zoho Notebook is an add-on that helps you organize your notes and web clippings. It makes it easy to find information on busy workdays.

10. Workona

Chrome Based Extensions - Workona

Workona, the transcendental extension that organises your tabs into different workspaces, is the key to being productive in many places at once. You can switch between projects, tasks, and studies without much trouble, going beyond the limits of traditional browsing. 

Conclusion:

AI-based Chrome extensions are game-changers when it comes to improving work and efficiency. Use these AI-driven tools to be more productive and make the most of your online time.
 

Top 5 Profitable Fashion Business Ideas in 2024: Trends and Insights.

The fashion industry is a fascinating field that is full of opportunities for people who want to start their own businesses. Considering the fact that there are many different areas to explore, from eco-friendly fashion to selling clothes online, In this helpful guide, we will show you five great business ideas in the fashion industry and give you advice on how to get started. 

You will be surprised to know that the fashion industry is worth $3 trillion and employs hundreds of thousands of people worldwide. Yes, it’s a fascinating and creative field that’s all about making people look good. Social media has made fashion even more popular, and there are lots of different jobs in the industry, from designing clothes to selling them. Suppose you love clothing and want to work in a fun and exciting industry. Fashion is the perfect choice for you!

1. Online Boutique:

An online boutique is a digital store that specialises in selling unique clothing items and accessories to customers or potential customers through a website or mobile app. With the rise of e-commerce, online boutiques are booming, and the value of the online clothing business and apparel industry is expected to reach $1.2 trillion by 2025. This indicates that the demand for clothing, shoes, and other accessories is increasing all over the world, with the three largest clothing markets in the world being the United States, China, and Japan.

Anothing thing with niche-focused boutiques is that they cater to specific styles or demographics, gaining popularity because customers prefer the convenience of shopping from home. This means that customers won’t have to worry about transportation, location, or reach because everything is digital. 

E-commerce boutique owners can earn an average income of $6,013 per month.

2. Sustainable fashion brand:

As people become more aware of the impact of fashion on the environment, sustainable and ethical fashion practices are gaining popularity. Many fashion brands, from fast fashion to luxury, are adopting eco-friendly practices to keep the planet safer. This is not only good for the environment, but it’s also profitable for the fashion industry. Sustainable fashion brands that use eco-friendly materials, ethical production methods, and transparent supply chains are becoming more popular, with the sector expected to be twice the size of the fast fashion market by 2030

One such brand is Patagonia, a well-known outdoor clothing company that is leading the way in sustainability. They use sustainable materials like organic cotton, recycled polyester, and hemp, also have a programme called Worn Wear that encourages people to repair and reuse their clothes to reduce waste.

3. Fashion Consulting Services:

Aspiring fashion entrepreneurs and brands often seek guidance and expertise from fashion consultants to navigate the industry’s complexities and achieve their goals. If you have a passion for fashion and want to turn it into a career, consider becoming a fashion consultant with the average fashion consultant’s US salary ranges between $38,000 and $89,000, but this is impacted by factors such as location, education, and experience. For instance, fashion consultants earn the highest average salary in states like Massachusetts, Connecticut, Rhode Island, Oregon, and New York.

4. Custom Apparel and Alterations Business:

Customers are increasingly looking for unique and personalised clothing and accessories. This has led to a surge in demand for custom apparel businesses that specialise in offering bespoke tailoring and alteration services.

These businesses cater to customers who want their clothes to fit perfectly and have a personalised touch. They provide a range of services, from creating one-of-a-kind pieces to altering existing garments to meet the customer’s specific needs. Thanks to the growing trend of personalisation, these businesses are thriving and are expected to continue to do so in the future.

5. Fashion Influencer:

With the rise of social media, fashion influencers have become powerful tools for promoting brands and driving sales. A recent study found that fashion influencer marketing can be lucrative, with micro-influencers earning between $200 and $1,000 per sponsored post. Influencers with 500,000 or more followers can command $3,000 to $15,000 per sponsored post, and those with over one million followers may earn even more. 

Fashion bloggers and influencers with a robust online presence can monetise their platforms through brand partnerships, affiliate marketing, and sponsored content. If you’re interested in learning more about this topic, you can check out this link. The most famous fashion influencer on Instagram is Chiara Ferragni, who has over 32.4 million followers and is solely focused on her Instagram blog and clothing brands. She has also been featured in leading fashion publications. She has collaborated with some of the biggest names in fashion throughout her career and collaborated with some of them throughout her career. 

Resources: 

The 13 Top Fashion Influencers – Small Business Trends

We would be creating another blog post explaning further on how to get started, you can also read our recent blog post on Common Challenges You Will Face as a First-Time Entrepreneur.

In conclusion, the fashion industry offers aspiring entrepreneurs a wealth of opportunities to launch successful businesses. So consider these fashion ideas we listed in this blog post. What questions or blog ideas would you love us to write about related to the listed blog posts? Please list them in the comments section. 

Common Challenges You Will Face as a First-Time Entrepreneur

Common Hurdles You Will Face as a First-Time Entrepreneur

Greetings! I’m excited to share some insights on starting a new venture. As a first-timer in any business, it’s very impossible to not encounter some discomfort but don’t worry. I’m here to help you identify the First-Time Entrepreneur Challenges you might face and how to navigate them successfully.  

This blog is a valuable resource that you should check out if you’re looking to start a new venture soon. So, let’s work together to build a solid foundation for your future endeavours!

Record Label offer? Know this before signing a deal!

What is A Record Label

Are you interested in using your love for good music to make a fortune while working with a record label? This is the right blog post you need to help you take your vision to the next level without getting into any problems with your record label. 

Who is a recording artist and performer?

Recording artists are professional musicians who make a living by recording music, most of which is that of others but can also be their own, selling it, and performing at live events. This can be an individual, a band or group of friends, or a large orchestra.

In the past, it was pretty difficult to venture into the business of song recording because of the limitations of technology. New technology like multitrack recordings and stereophonic recordings makes it easier for record labels to sign more deals with people to produce their recordings. With the very vast softwares available for recording, even a teenager can start a career in music and begin to rake in several thousand dollars after a while. 

Recording Artist in a Record Label

Image by prostooleh, Freepik

There are two ways to take your song recording and performance to a professional level: either sign with a record label or work as an independent artist. Each has its own pros and cons. 

What is a Record Label

A record label is a company that manages brands and trademarks and coordinates the production, distribution, marketing, promotion, and intellectual property rights compliance for musical recordings and music videos. Record labels also recruit and grow new musicians and maintain agreements with recording artists and respective managers.

Signing with a record label can be a huge step forward for any recording artist or anyone looking to make a career out of music. In fact, artists flaunt their record deals and celebrate when they get a deal with a record label. 

While some artists will never get a record deal with a record label and hit it big, Getting a deal with a record label can make a difference in an artist’s music career. In most cases, artists think that landing a record deal is the key to success, and while it can be a major part of one, it is not the only step to a successful career, and the journey could get demanding after some time. 

There are two major types of record labels:

  • Major labels: The music business is dominated by three well-known record labels known as ‘The Big 3’: Sony, Universal, and Warner. These labels are usually associated with well-known musicians. 

Major labels are well-funded and have a wide range of divisions that cover every aspect of music production. Furthermore, they manage a number of smaller independent labels that specialise in specific genres and specialisations.

  • Independent labels (indie labels): Independent (indie) record labels and music publishers are those that are not under the ownership or control of the big three. The term “indie label” may refer to those who fit specified criteria for organisation and scale, or it may refer to any non-mainstream music releaser, regardless of structure.

Indie labels are frequently more artist-friendly. Despite lower sales, they frequently give higher artist royalties, which is usual in 50/50 arrangements. These labels are usually artist-owned, with the goal of controlling output quality. 

Despite the fact that independent labels lack the “big three” resources and market shares, indie artists might earn more because of cheaper production costs. Smaller revenues might sometimes help them repay their original investments.

What is a Recording Contracts 

A recording contract is a legally binding agreement that dictates the terms of the professional engagement between a recording artist and a record label. Usually, the label has a contractual responsibility to support and collaborate with the artist, and the artist accepts the label’s offer to record music.

The specifics and commitments in a recording contract are not really standardised. To interpret the contract, the artist must be prepared to speak with a legal expert who is very familiar with music and copyright laws

The artist will agree to produce songs for the record label for the number of years stated in the contract. This contract can be extended based on mutual agreement between the artist and the label. However, the label is most likely to terminate the contract if the artist is not profitable for the label. 

Signing a Record Label Deal

Image by pch.vector, Freepik

According to the IFPI standard, the typical investment a major record label makes in new artists is between $500,000 and $2,000,000. This money covers many things, most of which is spent on advance, production (sound and video), promotion, and tours. This investment is usually pivotal to the huge success of many artists signed by major labels, as it provides sufficient budget to take an artist from obscurity to fame. 

In a case where the recording artist has a track record of success as an independent artist, the artist will have more bargaining rights than an artist with no track record. In fact, during negotiation, you must present your best foot before the record label and prove that you have what it takes to be a successful artist. 

Termination of contract

Typically, contracts include provisions for cancellation, with artists agreeing to pay back any advances in order to exit the contract. The label maintains ownership of the music recordings and could also force the artist to give over every track they produce until the advance fund is repaid.

Related Blogpost: 5 Reasons to Start Your Career as an Independent Artist

Pros and Cons of signing a record deal

Pros.

  • Exposure: Signing with a major label makes it simple to get more exposure because they have a good reputation, a bigger budget, and a global presence. 
  • Paid for and prepaid: After signing with a record label, an artist has access to financial support for studio time, production, marketing, promotion, tours, and other expenses, making it easier for them to complete the process without worrying about money.

Cons. 

  • Reduced creative freedom: Most record labels are all about the business, which results in a situation where the creativity of the artist is highly prioritised. Record firms, especially large labels, focus on nurturing musicians into “sellable” products. Artists interested in financial gain may find this deal beneficial.
  • Profit is distributed on a percentage basis: labels typically give artists 20% of their earnings from large record deals, with the remaining 80% going to the label. However, these arrangements frequently include the previously stated advance payments as well as a lot of exposure, so it’s not all terrible and may change with a subsequent review of the contract. 

Earning money as a signed recording artist

If an artist lands a record deal, he or she must be intimately acquainted with a few things. This is because a record deal might not be the end of an artist’s personal financial problems; it can even be the reason why the artist goes broke later in life. Just like in any other field, a sound knowledge of how the business of that realm works will be the difference between a successful and unsuccessful artist.

How royalties work for record labels 

In general, the earnings of a recording artist under a record label come from the label. The record label releases the track or album through distributors. The earnings from the product are paid to the distributor, which then pays the label. The label pays the artist in the form of royalties. 

An artist also gets a performance royalty every time his or her recording is played on the radio or performed by others at a live event, even if it’s the artist’s own event, as long as the set list is submitted to the performing rights organisation.  

However, this is dependent on the kind of contract the artist has with the record label. This type of contract will determine whether a portion of the performance royalty will go to the record label or not. 

Record Label Advances 

On signing a record deal, a record label usually pays the artist a sum of money to help the artist-run their day-to-day activities during the whole production process, just before the royalties begin to flow in. This is called an advance. This is to help the artist focus on creating the best that they can because they have undisturbed time to explore their creativity. An advance is not usually considered a loan; however, this money is usually recouped immediately when the record label begins to make money from the releases. In the case where the record deal yields no profit, the record label is not obligated to demand any repayment from the artist. A typical advance amount will usually range from anything between $50,000 and $350,000, depending on the size of the record label and the track record of the artist. 

How much, on average, can a record label artist make?

Royalties from music streams can be so small for every individual stream that you almost think no artist can make a fortune from royalties. However, when you consider that over one million times in a year someone streams a song released in the United States, you will realise that streaming royalties can amount to a fortune for the several parties involved in the whole production of the sound and video. Billboard estimates that in the year 2021, Dua Lipa raked in a whopping sum of over four million dollars on a single track, which happened to be the most streamed song in 2021. Being a record label signee has many advantages. The most important thing, however, is to make sure that you read the contract’s terms and that you consult with a professional in the area of legal issues to help you fully investigate all of the terms of the contract before signing any agreement. 

Tips to Help You Master SMART Goal Setting in 2024

As we step into the new month full of hope and positivity, wanting to tick off the goals we set for the year and the ones we haven’t been able to achieve, it is important to turn our good intentions into practical and achievable goals, that’s the major reason why we wrote the SMART Goal Setting blog.

“Success does not consist in never making mistakes but in never making the same one a second time.” – George Bernard Shaw.

This quote serves as a reminder that encountering obstacles or failures should prompt us to reevaluate our paths, learn from our mistakes, and adjust our strategies to achieve our goals more effectively. With time flying by so quickly this year, it’s easy to get caught up in high expectations without making any progress. That’s why it’s important to consistently conduct monthly reviews, which can help us track our progress and make any necessary changes.

Now, let’s explore the art of setting smarter goals for 2024 and strategising to accomplish them.

How to Set Goals in 2024: 

1. Reflect and Define and Refine:

Before setting your goals for the year ahead or even the new month, take some time to reflect on what you want to achieve. You will have to define all of your short-term and long-term objectives to ensure they align with your vision.

For example, if you’re going to progress in your career, think about specific milestones like learning a new skill or completing a certification. As you work towards your goals every month, regularly check your progress and assess what you have achieved, what you haven’t achieved, and how you can move forward. This will help you stay on track and make the most of your time.

2. Understand the SMART framework:

Goal setting is one way to both personal and professional growth. To ensure that your goals are practical and achievable, it is important to understand the SMART framework. The SMART framework consists of five key elements that work together to create a roadmap for success. 

The SMART framework for goal setting can never go wrong in goal setting:

Specific: The first element of the SMART framework is “Specific.” This means that your goals should be clear, concise, and well-defined. Instead of setting a generic goal like “get in shape,” it is important to specify your goal in detail. For example, you could set a goal to “run a 5k in under 30 minutes each day or weekly.” This will help you to focus your efforts and track your progress more effectively.

Measurable: The second part of the SMART framework is “Measurable.” This means that you should establish tangible criteria to track your progress. You could track your progress with quantifiable metrics, such as weekly workout sessions or dietary changes. 

Achievable: The third part of the SMART framework is “Achievable.” It recommends that your goals be challenging but doable. This means that they should be ambitious yet take into account your current situation and resources. If your goals are too easy or unrealistic, you may become frustrated and disappointed. On the other hand, goals that are too easy may need to provide more motivation or satisfaction. So, make sure to set goals that are both challenging and achievable.

Relevant: The fourth element of the SMART framework is “Relevant.” This means that your goals should align with your overall vision and aspirations. It is important to ensure that your goals are meaningful and relevant to your long-term vision. For example, if professional growth is a priority for you, you may want to set a career-focused goal that aligns with your long-term aspirations.

Time-bound: The fifth and final element of the SMART framework is “Time-bound.” This means that you assign a realistic timeframe to each goal. For example, you could set a goal to complete a specific project by the end of the second quarter. This will help you stay focused and motivated and provide a sense of urgency that can help you achieve your goals more quickly and effectively.

3. Understand what makes a Successful Goal:

When setting goals, it’s essential to keep in mind some key features that contribute to their success. 

Specific: When setting goals, it’s important to be “specific”. Instead of setting a vague goal like “lose weight,” it’s better to specify the exact amount of weight you want to lose and by when, a statement like “lose 10 pounds by January.” This level of specificity helps provide clarity and focus on the outcome you want to achieve. 

Scheduled: Another key feature of successful goal setting is scheduling. It’s good to attach a deadline to each goal to prevent procrastination and motivate you to take action. For instance, if you want to complete a language course, set a deadline like “finish the course by March 31.” This way, you’ll be more likely to take action to achieve the goal.

Systematic: Planning your approach in advance and breaking down tasks into smaller steps can help reduce friction and improve your chances of success. By planning the steps required to achieve your goal, you can identify potential obstacles and develop strategies to overcome them, making it easier to take action and make progress towards your goal.

4. Break Down Complex Goals:

When you have a complex goal to achieve, it can often feel overwhelming and daunting. One way to make it more manageable is to break it down into smaller, achievable tasks. For instance, if you’re planning to launch a business, you can divide it into stages such as conducting market research, developing a business plan, and creating a marketing strategy. 

5. Create Accountability:

One effective way to boost your chances of achieving your goals is to create accountability. Sharing your goals with someone you trust, be it a friend, family member, or mentor, can greatly give you motivation and help you stay on track. Regular check-ins and discussions with your accountability partner can provide valuable feedback and support, as well as help you identify any obstacles or challenges that may be holding you back.

To learn more about the benefits of accountability, you might want to check out “The Power of Habit” by Charles Duhigg. This insightful book shares a lot about the science of habit formation and explores the role of accountability in achieving lasting change.

6. Celebrate Milestones:

It’s important to take time to acknowledge and celebrate the small victories you experience. Doing so can keep us motivated and energised and give us the boost we need to keep making progress. For instance, when we complete a significant project milestone or achieve a fitness goal, we can take a moment to reflect on our hard work and dedication and feel proud of what we have accomplished. By celebrating these milestones, we can build momentum and keep moving forward towards our larger goals.

7. Visualize Goal Success:

One powerful technique for achieving your goals is visualising success in your mind’s eye. This means creating a vivid mental image of yourself accomplishing your desired outcome. By imagining yourself achieving your goals, you can motivate yourself and take actionable steps. For instance, if your goal is to present a project, try to visualise yourself delivering an engaging presentation and receiving positive feedback from your audience.    

8. Utilise Technology:

Technology can help you achieve your goals more easily. Some apps and tools can help you keep track of your progress and stay accountable. Some useful apps for this purpose are Todoist and HabitBull. You can also find helpful information about other productive tools on our blog.

9. Reflect and Recalibrate:

It will help you consistently reflect and recalibrate from time to time. This means reassessing your goals and adjusting them based on evolving priorities and circumstances. Take some time to celebrate your achievements, learn from your setbacks, and recalibrate as needed. By doing so, you’ll be better equipped to stay on track and achieve your goals. Remember, life is unpredictable, and okay to adjust your goals to align with your changing circumstances.

Resources:

Mindset: The New Psychology of Success by Carol S. Dweck, which explores the power of mindset in achieving success. 

Also, we have a blog post on What Experts Say about “Your Morning Routine” and How You Can Establish A Healthy One”. 

10 Health Business Ideas To Help Build A Six Figure Monthly

Doctor Consulting Patient and Examining Health in Clinic or Hospital

The health sector is a popular and highly sought-after and it promises to be one with several profitable health business ideas. Because it is focused on promoting good health and general well-being; health experts with an entrepreneurial spirit have the opportunity to build successful ventures while making a positive impact.

In this blog post, we will explore ten health business ideas that not only contribute to people’s well-being but also help you achieve their goals while assisting you in building a six-figure monthly income. 

1. Telemedicine Services:

Telemedicine is the smart choice for anyone looking for a convenient way to consult with a healthcare professional. With telemedicine, you can easily schedule an appointment and speak to a healthcare professional from the comfort of your own home, which means you can avoid long wait times and inconvenient appointments.

A Doctor Woman Holding a Bottle showcasing to a patient via the internet

Photo by Tima  Miroshnichenko on pexels

You remember during the COVID-19 lockdown, when people had to consult doctors and health practitioners virtually, which led to an increase in innovation in the healthcare sector. Research and Reports show that the global telemedicine market was valued at US$97.53 billion in 2023. According to a recent report by Emergen Research, this market is expected to reach $450 billion in 2032.

If you’re interested in offering remote healthcare consultations and medical services, you can do so via telemedicine platforms. 

  • You can also create innovative applications, social media platforms, and communities to reach your potential clients. 
  • With telemedicine, you can provide diagnoses, treatment plans, and prescription refills for common health issues.

According to ZipRecruiter, the average annual salary for telemedicine physicians in the United States is around $206,000.

Resources: 

2. Health Coaching:

Health Coaching is an emerging industry that has been growing rapidly in recent years. According to industry experts, it is estimated that the global health coaching market will generate a revenue of $4.564 billion by 2023. Health and wellness coaching is a significant part of this industry, which is predicted to be a $20 billion industry by 2024. Sources 

Health coaches are experts who provide personalised help and advice to individuals, assisting them in overcoming obstacles and reaching their goals. They work closely with their clients to establish sustainable lifestyle changes that improve overall health and well-being, giving them the tools to enhance their quality of life.

3. Mental Health Counseling:

Mental health expert and a client (patient)

Mental health counselling is a vital service that provides compassionate support and evidence-based therapies to individuals struggling with mental health issues.

This sector appears to be a profitable area of focus within the health sector, you can consider helping people dealing with various mental health issues such as anxiety, depression, stress and trauma, and also support those struggling with substance abuse and addiction problems, eating disorders, and other mental health conditions.

The demand for qualified mental health professionals has been steadily increasing in recent years as awareness and destigmatisation of mental health issues have become more widespread. According to the National Institute of Mental Health (NIMH), approximately 1 in 5 adults in the United States experiences mental illness each year. This highlights the importance of mental health counsellors who work tirelessly to help individuals manage and overcome their mental health issues.

If you’re a mental health counsellor, 

4. Senior Care Services:

When population grows older, more and more elderly individuals and their families require senior care services that provide personalised assistance and emotional support. These services help seniors maintain their independence and improve their quality of life while also reducing the burden on their families. 

Man in White offering senior care service Sitting Beside Elderly Man in Bed

Photo by Kampus Production on pexels

The U.S. Census Bureau has projected that the number of Americans aged 65 and above will almost double from 52 million in 2018 to 95 million by 2060. In terms of caregiving, the average hourly wage in the United States is approximately $12.38, although this can vary based on the caregiver’s experience, location, and the level of care they provide.

Many seniors are unable to leave their homes due to their age or health and need assistance with daily tasks such as cooking, cleaning, shopping, and errands. One reason is that they prefer staying home because it’s cozy and private and gives them a sense of independence. You’d be surprised how much they’re willing to pay for just an hour or two of help.

  • You can offer services such as medication management, meal preparation, transportation, specialised memory care, rehabilitation services, and staffing assistance. 
  • By diversifying your revenue streams, you can cater to various needs within the senior community and improve your business’s profitability.

Questions and answers: 

Who typically engages the services of senior home care providers?

Senior home care providers are typically engaged by families or individuals seeking professional assistance in caring for elderly loved ones. Additionally, healthcare agencies, insurance companies, retirement communities, and assisted living facilities often enlist the services of senior home care providers to ensure comprehensive care and support for their clients or residents.

How can senior home care providers ensure the safety and well-being of their clients?

Care providers for senior citizens can ensure the safety and well-being of their clients by creating care plans that are specific to each individual’s needs and preferences. This includes assessing the client’s living environment to identify any potential hazards and making necessary modifications to ensure their safety. 

It’s also essential for caregivers to be trained in emergency response protocols and medication management to address any health concerns promptly and regular communication with healthcare professionals, family members, maintaining the overall health and happiness of senior clients.

5. Nutritional Supplements Brand:

Nutritional supplements are products that support people’s health and wellness goals. A line of nutritional supplements can provide high-quality, science-backed products. For example, a nutritionist once gave a meal to a child ( my cousin) to correct the leg functionality of a toddler. It worked, and funnily, the boy is now almost as tall as me. 

The global nutritional supplements market is thriving, with a value of USD 360.2 billion in 2022 and expected to reach USD 688.9 billion by 2032. The market is growing at a CAGR of 6.7% from 2023 to 2032 due to increased global awareness of health and nutrition. Non-communicable diseases (NCDs) are on the rise, leading to a more prominent usage of nutritional supplements to improve general health. The WHO reports that NCDs cause 41 million deaths annually, and immunity-boosting supplements have increased in demand during the pandemic. People’s health and well-being are now a top priority. 

Several successful nutritional supplement brands have gained prominence in the market, including those mentioned below,

  • Nature’s Bounty: Known for its wide range of vitamins, minerals, and herbal supplements.
  • Garden of Life: Offers organic and non-GMO supplements, including protein powders, probiotics, and multivitamins.
  • NOW Foods: Provides a diverse selection of supplements, including vitamins, minerals, and speciality formulas.
  • SmartyPants: Specialises in gummy vitamins for adults and children, offering convenient and tasty options for daily supplementation.

6. Health Education Workshops:

Front view of medical team senstising people

Imagery from freepik 

As a healthcare professional, you have the chance to organise and host health education workshops and seminars that can benefit your community in various ways. These events can cover a range of topics, including nutrition, disease prevention, stress management, healthy ageing, and children’s health.

  • You can consider collaborating with NGOs, schools, churches, local governments, and other organisations, you can offer your audience helpful tips and strategies to improve their health and well-being. These workshops can also be an excellent opportunity to sell your other offers, products, resources, and services while getting paid.

7. Medical Equipment Rental:

Do you have a hospital with high-quality medical equipment? You could start a business renting out medical supplies. These supplies include mobility aids, home hospital beds, oxygen tanks, rehabilitation devices, and more. 

This business supports individuals in their recovery from surgeries or managing chronic illnesses. It also presents a sustainable model by maximising the usage of expensive medical equipment. 

  • To make it easy for your customers, focus on partnerships with healthcare providers and offer flexible rental terms. 
  • You can also enhance your offering by providing delivery, setup, and maintenance services. This ensures a seamless user experience.

8. Health Food Truck:

Launching a mobile food truck or catering service specialising in healthy, nutritious meals and snacks is a very lucrative health business idea. For instance, promoting better eating habits, offer options such as salads, smoothies, grain bowls, and organic snacks.

Offering healthy meal prep and delivery services can be a lifesaver for individuals looking to maintain a nutritious diet, those who don’t have the luxury of time to attend to such taskWhere by, you providing customisable meal plans tailored to dietary preferences and delivering fresh, chef-prepared meals can help clients stay on track with their health goals.

Top Businesses: Freshly and HelloFresh deliver chef-prepared, nutritious meals straight to customers’ doors, making healthy eating convenient and accessible.

9. Holistic Health Retreats:

If you enjoy talking to people about health and wellness, starting a community both online and offline could be for you! Create a safe space for people to discuss their health and fitness and develop holistic retreats that prioritise relaxation, detoxification, and rejuvenation. These retreats should focus on alternative healing methods such as yoga, meditation, acupuncture, and energy work.

  • To create a peaceful and healing atmosphere, choose serene and natural environments like coastal areas, mountains, or quiet and conducive/safe settings
  • Offering unique and immersive experiences that include physical activities, nutritional food plans, and workshops on wellness and personal growth can also attract clients and create a memorable brand experience. 

10. Social Media Health Expert:

Are you a health professional looking to establish a strong online presence for your business and engage with your target audience? Then, becoming a social media health expert could be the way to go. By leveraging various social media platforms like YouTube, Instagram, Twitter, TikTok, and more, you can help promote health and wellness products and services effectively.

To succeed in this field,

  • You should create a mix of educational and interactive content focusing on health tips, myth-busting, and lifestyle advice. 
  • You can engage with your audience through live sessions, Q&As, and by responding to comments and messages. 
  • Please ensure that all content complies with healthcare communication regulations and ethical standards to maintain trust and authority.

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