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A roundup of the best tips of the week from Entrepreneur.com.
No matter how busy life gets as an entrepreneur, spending time with friends and family is something you should budget time for. Social activity is one of the best ways to fight stress, and it may even help you live longer.
Don't underestimate the value of moral support, either. Mountains seem more like mole hills when you have friends around you. When you don't, the reverse is true. "Social connection will actually change your perceptions of the world around you," says Heidi Hanna, author of The Sharp Solution: A Brain-Based Approach for Optimal Performance. "It's such a core survival need to be part of a tribe or a core community." More: 5 Ways to Stop Stress Before It Starts
Time-test yourself for sleep deprivation.
If you fall asleep within 10 minutes of lying down, it's a good
bet that you're sleep-deprived. And the bad news is, the sleep
you do get may not be as restorative as it should be. "Sleep is
not an on/off switch," says Dr. Michael Breus, author of a book
on how to improve your sleep habits. He advises that it should
take about 30 minutes to fully fall asleep. "There's a process
that needs to occur and the body needs time to shut down
properly." More: 4 Habits That Are
Keeping You Up At Night
Save 'until it hurts.'
J. D. Roth, the founder of personal finance blog Get Rich Slowly, says
that the "No pain, no gain" applies to growing money much as it
applies to growing muscle. He advises saving at least 20 percent
of your after-tax income each month, preferably in a high-yield
savings account. Anything you put toward paying down debt or into
a retirement account also counts as saving. More:
How to Build
a Nest Egg
Curate information to sell your business
ideas.
Come to the table prepared -- show customers and investors that
you understand who they are and what they need by providing
context for your ideas. "The skills that matter now are not
accessing information but curating it and making it clear," says
Daniel Pink, author of To Sell Is Human. More:
How to Reframe
Your Thinking to Sell Your Business Ideas
Protect yourself from hackers.
News broke this week that The New York Times was hacked,
apparently through an email phishing scam. To avoid a similar
security breach, educate your staff about the signs of suspicious
emails and keep your software up-to-date to protect yourself from
scammers who might want access to your sensitive business
information. More: New York Times Hacked:
3 Tips for Avoiding Email Scams
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