Running a business is no simple task, especially in an increasingly globalized economy where competition comes from every corner of the globe, and where changes and advances in technology make it essential to update your knowledge and skills almost on a monthly basis. Despite these challenges, small businesses that operate as entrepreneurial startups continue to dominate the US and UK economies.
A December 2017 report by the House of Commons shows that 96% of business are considered to be “micro-businesses” that have between 1 and 9 employees. Small and medium sized businesses (SMEs), the majority of which are run as small, family businesses, account for 60% of all employment in the country. Furthermore, in 2016 alone, over 660,000 small businesses were started.
Despite the obvious importance of SMEs and entrepreneurial startups to the UK economy, these small businesses face serious challenges due to the increasing competitiveness of the economy. Only half of all small businesses started in London are likely to survive. The smart small business owner and entrepreneur, then, is one that is always looking for a competitive edge that will help him or her gain an advantage over the competition.
Modafinil is one widely used cognitive enhancement drug that is often dubbed as a “study drug.” This brain enhancing drug, however, also has the potential to benefit small business owners in their quest to successfully run and grow the business they started from the ground up.
What is Modafinil?
Modafinil was originally developed as a drug to help people suffering from narcolepsy, sleep apnea, and other sleep disorders. It was found that this drug could increase overall awareness for people suffering from narcolepsy. Further research on this drug, however, revealed that it also had the ability to enhance cognition, improve reaction time, improve memory, as well as helping to control impulses.
Students report that this drug drastically increases attention, cognizance, and clarity while studying. Though it is still unclear the exact mechanism of how this drug affects the brain, research has shown that Modafinil affects the orexin and hypocretin system of the brain. This system is located in the hypothalamus and is essential in the process of regulating wakefulness.
Is it Only for Students?
While there is a huge demand for Modafinil by university students, it is also used by doctors to help people suffering from alcoholism due to impulse control. It is also still prescribed by doctors to people with narcolepsy, and the increased cognitive effects associated with this drug has the potential to benefit a wide range of people that need to improve their attention, wakefulness, and memory.
How can it Work for the Smart Entrepreneur?
Entrepreneurs and small business owners might consider using Modafinil in order to improve the overall efficiency associated with the management of their business. The increased cognition that comes with the use of this drug can help business owners effectively stay on top of the multiple tasks that are inevitable when starting up a business.
Furthermore, the expansion of memory function can also help business owners stay on top of their finances, remember important tasks, and effectually juggle the myriad of responsibilities that come with starting up your own business. Lastly, and perhaps most importantly, the ability of Modafinil to regulate impulses can help small business owners make sound business decisions that will help their business to thrive.
If you think that this brain enhancing drug can help you get a step ahead of your competition, there are several online websites where you can find more information here in order to increase your mental capacities.