Congrats! You made it across that stage, diploma in hand and you're ready to tackle the world. Or are you? Graduating from college is not only the end of an era, but your first experience diving into an adult world that's unfamiliar and full of unchartered territory.
The good news is that everyone you know and admire has been in your shoes before - and they've had to navigate their career path and make tough decisions, just like you're facing now. To help you celebrate the next chapter of your life, successful entrepreneurs share their smart, gutsy advice for recent graduates. Let these badass female businesswomen inspire you to not only go for the gold, but to reach it as well.
Blogging is the new resume.
Catherine Tan, founder and chief strategy officer for Notey.com, a platform that curates the world's top blogs by topics and locations, says the difference between getting an email back and hearing silence might be your writing. “In today's age, where you can apply for a job with a swift tap on the screen or click of a button, a LinkedIn profile and an internship or two are not going to make your application stand out. One way to add depth and round out your profile is to blog! Not only is a blog a validation of your online prowess, it's a place where you can share your perspectives and passions, show your creativity and style, and give potential employers a window into the way you work, how you process information and solve problems. Blogging is the new resume," she says.
Don't worry if you don't have your s*** together yet.
You've got your diploma - but do you know what you're doing? If not, don't sweat it, says Erin Motz, the co-founder of Bad Yogi, a counter-culture lifestyle and yoga brand. “Forget academia for a moment and follow your curiosity. What piques your interest? Where does your mind wander when you sit in silence? What have you always wanted to try? The path toward ultimate fulfillment and satisfaction with your work starts with following an inkling or a whisper," she says. “For anyone who doesn't feel like they were born to do one specific thing, finding your 'passion' can be daunting because we feel broken if we haven't discovered it yet. The saying goes: 'the journey of a thousand miles begins with a single step,' so consider following curiosity to be the first step. Then relax and have fun in the process."
Remember the dream job doesn't exist.
We'd all love to sail around the world, sipping on our favorite cocktail and spending copious amounts of money. But even if that was our job, we'd still find something we didn't like about it. That's why Kate Szirmay, the CEO of Jaymark Jewelers and the founder of Kate Szirmay, The Diamond Concierge says to let go of the notion that a 'dream job' exists. “If you pick an industry you love and pay your dues, you will be able to take everything you love and leave most of what you don't behind to create your dream job in the future. It takes time and hard work but it is totally worth it when you get to be your own boss and you love what you do," she says.
Do what you like - and be persistent.
Seems simple enough, right? But too many people are lured into careers they don't enjoy because they worry about making ends meet, paying student loans or having unrealistic goals for their career. But for Anna Shi, CEO and founder of Ever-Pretty, an online destination for affordable, high-quality dresses, doing what she loved and working hard to make it her reality were the keys to success and happiness. “I knew nothing about the fashion industry when I started my company but I loved clothing and I was determined to work with them. And be persistent! Life is hard, work will be hard and frustrating and make you angry at times. You need to persist through the tough times and not give up on your passion. Take your strength from within and think about what you can do to change the situation," she shares.
Do what's right for you - not everyone else.
Everyone has outside pressure - from friends, family members, you name it - but CEO of Elm Tree Medical, Inc. Eva Martin says to try your best to tune them out and do what's best for you. “Don't be afraid to choose the 'wrong' option. I don't mean, 'Don't be afraid of making a mistake.' But, rather, don't be afraid of choosing the option that your advisors, family, or friends think is 'wrong' or too risky or not prestigious enough. If you follow your passion and work like crazy, the 'wrong' option may turn out to be the best one," she explains.
Give it everything you've got with everything you are.
The only way to get what you want? According to co-founder and chief product officer of ARIIX, Deanna Latson, working incredibly hard, no matter the obstacles, is what will set you apart from others. "You have to be true to who you are and go for the gold," she says. “Katherine Hepburn said, 'If you obey all the rules, you miss all the fun.' I love that! She's known for playing strong-willed women when it wasn't popular. She was unconventional, nonconforming and did a lot for women that up to then had been totally taboo. I admire women who have extraordinary obstacles facing them, but push through and succeed anyway," she says.
Don't settle in love.
While you might think your work life and love life are separate, founder of The Relationship Institute of San Francisco and licensed marriage and family therapist Erica Boissiere says who you pick as your mate has a major impact on your overall life. “If you're not happy, don't feel the spark or feel in your heart that you can 'do better' then don't be afraid to leave your romantic relationship. Breathe into your self-esteem; it can be hard to let go. And while there might be a pull to stay, remember, spending time with the 'wrong' one will prevent you from meeting the 'right one.' If you do end up settling, you will feel this thorn in your side, and if anything, it will just get bigger and more painful. Pull the thorn out now, when less damage will be done. There is someone else; you just might need to go looking," she says.
Realize not everything that's worth it is Instagram-worthy.
For Erin Steed, the founder of Princess Packers, a moving company that protects your valuables during a transition, it's not what a company appears to be via social media that makes them worthy to work at. In fact, sometimes the 'sleek silver MacBooks and vases of pale pink peonies' can attract a new graduate to accept a job, but could be misleading, she says. “Take a chance on a company that may not be so Instagram-worthy. As a female executive in the transportation industry, my office view is a truck yard and acres of mini-storage. On my desk sits a bulky, black dual screen Dell computer and my most helpful contact at the Public Utilities Commission. Our trucks might be unusually eye-catching, but no one's gonna be hashtagging #TruckersLog or #TieDowns. A discussion about adjusting prices to reflect rising diesel costs probably won't make it to SnapChat. What I have found though, is an industry ripe for disruption, and I'm helping to do just that alongside my family and team. The transportation industry is largely male, and mired in the old way of doing things. It's been so rewarding and impactful over the past decade to feel that my perspective stands out, and has been helpful as we change our industry. I encourage you to seek out a space where you may not fit the mold, because that tells me that you, and your unique and fresh perspectives as a young woman, are just what that company needs to continue to grow and innovate. With those unique perspectives, the right company will welcome you with open arms," she says.
Never apologize for who you are.
Sisters Katie & Kelly McMenamin started their business, PixieDidIt!, to give advice to folks on how to be more organized, based on their personality type. That's probably why it's no surprise their best advice is to be exactly who you are, no excuses needed. “Be loud and proud. There's no best way to live - there's only the best way for you. So you write important 'to do's' on your hand in a pinch. Who cares? Don't apologize, defend it and tell any scolds where they can go. If it ain't broke, don't fix it."
Don't compare yourself.
So your bestie is leaving college without debt and with a six-figure, entry-level job, while you have an internship. It might be tough to not compare yourself, but founder and CEO of the wine membership, Pour This, Ashley Ragovin says to resist the one-upping temptation. “Comparison is a trap that leads to frustration, interferes with your vision, wastes time, and cripples creativity. Shift your focus to connection: connecting with customers through meaningful work will attract and build a true community and a base that's loyal as heck. You can't fake it, you have to believe in the work you're doing, and it has to come from a genuine place of empathy, but the dividends paid will far exceed financial success. There's plenty of business to be had, so rather than chasing something ambiguous, build something worthwhile," she says.
Always seek out to meet new people.
Kristina Libby, CEO of SoCu, a company that automates influencer marketing, says that after college, you might find yourself spending more time alone. This is normal - since you don't live on a college campus anymore - but it should also be a challenge to yourself to seek out variety, in people and in experiences. “You career path is limited by the people that you know and their stories. Find new stories. Find new people. Ask other people how they got their jobs, from where, and what do they do. Be curious about people and you find the world opening up new doors and new possibilities," she says.
It isn't always easy to stay on top of your finances, especially when you have developed unhealthy spending habits over the years. However, as you begin to realize the many benefits of having healthy finances, it can become something you want to make a conscious effort to improve. When your finances are in a good place, you often have access to better opportunities whether it be a mortgage loan, greater credit line or business loan. On that note, here is how you can become an expert at managing your finances in case you need a few tips.
Learn to Use Technology
The good thing about managing finances in the technological age is that you don't have to do it alone. There are so many apps available that will help you pay bills on time and track your expenses. For instance, some apps force you to live within your actual income and tell you what to do when you need to balance your budget.
If you need an app that will help you get better at saving, then some will set aside your spare change for you. Also, don't be afraid to use more simple tools such as your smartphone calendar to set reminders about payments if you don't automate them.
Seek Legal Advice
Sometimes, being an expert at something means understanding that you can't possibly know it all. This is why you have professionals around you that can help fill in the gaps where you're lacking. Consider hiring a legal firm to help with any challenges that are beyond you. Lexington Law is a good firm as they could help remove negative items from your credit report. Read this Lexington Law Review (Our #1 Credit Repair Service of 2019) to find out more about how they could help improve your finances.
You can't do better than what you know when it comes to managing finances. You should, therefore, invest your time in learning more about finances and how to manage them. Think about what your goals for your finances are and what knowledge gaps you need to fill.
For example, if you want to invest in the stock market so that you can improve your net worth, then you may need to learn more about investing to do so successfully. To boost your knowledge, try reading articles on credible blogs that share finance information from professionals. Also, be weary of content from finance-driven companies as it could be biased.
Work on Growing Your Income
As a self-proclaimed finance guru, you know that the more sources of income that you have, the better. Work on increasing your streams of income so that you have more money to meet your targets whether it's to save for a property or put larger sums towards retirement. One way to do so would be by getting extra income by doing social media marketing for businesses or creating tutorials on YouTube. If you own a property, renting out rooms is a great way to make passive income.
Live Within Your Means
It can be difficult to live within your means when you live in a society that is always presenting you with things to buy. However, being more conscious about the things that you purchase could help you realize that most are wants rather than needs. To live within your means, always take time to think about a purchase as opposed to impulse spending. You should always get good at bargain hunting as many times you can find items of similar quality at a cheaper price.
Learn How to Manage Debt
Debt doesn't have to be a bad thing if you understand how it works and how to manage it. It can be a tool for credit building when you understand the fundamentals. For instance, if you take out a loan or credit card, always be mindful of your interest rates.
By paying the amount of money you borrowed back in full before the due date, you won't have to pay interest on what you borrowed. If you can't pay back in full, paying more than the minimum payment will ensure you incur less interest. For the most part, the secret to good debt management is never spending more than you can afford to pay back.
Managing finances is a life skill that can help improve your quality of life. By following the mentioned tips and taking your finances more seriously, you're more likely to master the art of healthy finances.