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Fake it 'til you make it - Why pretending to be successful is a bad idea

12/04/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

"Fake it until you make it" is the advice many people get these days when seeking advice on how to become successful in life. In fact, this advice is often a bad idea, as it can lead to people getting in over their heads and not knowing how to achieve their goals.

Faking success to make it appear that you are more successful than you really are can lead to a sense of despair when you are unable to achieve your goals. People who pretend to be something they are not quickly lose sight of what they really want to achieve and how to achieve it.

In addition, pretending to be successful can also lead to a bad reputation. When people realize that someone is trying to be what they are not, it can lead to a bad reputation that can affect the person's entire professional and personal life.

Instead, people should focus on what they are capable of and what they want to achieve, and not be tempted to fake something they are not. Success cannot be achieved by "faking it," but real success can be achieved by putting in the effort and making the right choices.

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What advice should founders consider

11/29/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Develop a solid business plan. A business plan is an important foundation for your success because it contains a clear strategy for your business. It should include your goals, your products or services, and your funding strategy.

2. Be prepared to take risks. As a founder, you must realize that there are risks, but you must be willing to take those risks to move your business forward.

3. Follow simple rules. Founders should follow some basic rules, such as maintaining a good budget and a solid cash balance, maintaining a good credit score, striving for good brand awareness, and regularly reviewing their progress.

4. Be willing to evolve. Successful founders are constantly learning and adapting their businesses to changing market conditions. They must take time to acquire new knowledge and continue to develop to make their business successful.

5. Be prepared to make decisions. Founders need to make decisions quickly because of the speed of the market sometimes. They need to be able to react to changes and make quick decisions to move their business forward.

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Why PR agencies will (not) be able to help you out

11/23/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
PR agencies can help companies find the right communication to their target audience and improve their brand. This can be achieved by providing strategic advice, quality content and media relations. However, PR agencies can't help if companies don't have a clear understanding of the audience they want to target, or if they don't have a clear plan for how they want to achieve their goals. Therefore, it is important that companies have a strong understanding of their brand and their target audience before approaching a PR agency.
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What should be considered when starting a career?

09/14/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are some important things to consider when starting your career. Here are some tips that can help you:

Set career goals: Think about what long-term goals you want to achieve in your career. This can help you choose the right profession or industry and plan a clear path for your career development.

Internships and part-time jobs: Internships and part-time jobs can provide valuable experience and help you develop practical skills. Use these opportunities to expand your knowledge, network, and meet potential employers.

Optimize application materials: Create a well-structured resume and compelling cover letter that highlight your skills and experience. Tailor your application materials to the specific requirements of each position for which you are applying.

Network: Build contacts in your desired career field by attending career events, trade shows, or industry conferences. Make connections with people already working in the industry and learn about potential entry-level opportunities.

Continuing education: Keep up to date on current trends and developments in your career field. Continuing education, courses or certifications can enhance your expertise and make you more attractive to employers.

Develop soft skills: In addition to technical knowledge, soft skills are also important, such as communication skills, teamwork, problem-solving skills and time management. Work to improve these skills, as they are in demand in many careers.

Presentation and self-marketing: learn to present yourself confidently and present your skills and experience convincingly. Be authentic during interviews and prepare well to convince potential employers of your value.

Seek mentoring: Look for mentors who have experience in your career field. They can give you valuable advice, support you, and help you advance professionally.

Flexibility and willingness to learn: Be open to new challenges and show a willingness to keep learning. Starting a career is often the beginning of a lifelong learning journey, and the ability to adapt and develop new skills is critical.

Work-life balance: don't forget to pay attention to your work-life balance. A healthy work-life balance is important for long-term success and a fulfilling professional life.

These tips can help you create a successful career start. Remember that everyone.

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Starting up: How to earn the starting capital?

07/05/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are many ways to earn seed money. Here are some ideas:

Saving: One way to earn startup capital is to save money. If you save a certain budget each month and deposit it into a separate bank or savings account, you can slowly but steadily build up capital.

Investing: Another way to earn startup capital is to invest in stocks, bonds or mutual funds. However, it is important to note that investing carries risks and you should be well-informed and seek advice from a financial expert if needed.

Crowdfunding: Crowdfunding platforms such as Kickstarter or Indiegogo can be a way to raise seed money for an idea or project. However, it's important to note that crowdfunding is a competition for the attention of potential investors.

Loans: You can also apply for a bank loan or line of credit to get the startup capital you need. However, keep in mind that you will have to pay interest and you usually need a good credit score to do so.

Equity financing: If you already own a business, you can also consider equity financing by selling shares to investors.

Sideline job: Finally, you can also take a side job to earn extra money and save it for your startup capital.

It is important to note that there is no guarantee that any of these options will lead to success. It takes hard work, commitment, and thorough planning to earn the startup capital you need.

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