Why Pursue Entrepreneurship?

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So, why should anyone engage in the pursuit of becoming an entrepreneur?  Why would someone be willing to put it on the line instead of accepting the security of a regular job?  Now don’t get me wrong, if you are content with the regular routine of going to a job and getting a paycheck as a result, that’s great!  But what if you aren’t content with that type of arrangement, what are the options?

As with anything, there are the “pluses” and the “minuses.”  If you are working for yourself, you don’t have the constraints of having an employer.  This in turn leads on to other things such as determining your own work hours, developing your own work environment as well as having a bigger hand in how your run your affairs.  You also end up having more of a commodity that cannot be replaced – time.

Having this extra freedom can also coincide with the risks of not having a regular income that could lead to other difficulties (like meeting any financial obligations that you may have).  But with the risks come the potential rewards.  If you try something, you won’t have the nagging feeling of “what if I…..” that could ensue.  You would have the satisfaction of knowing that you at least made the attempt.  With this satisfaction, you stand the chance of feeling that you have been living a more fulfilling life.  What you end up doing could make a difference in the lives of a great number of people.

Either way, you decide!

Get some quick motivation here!  (press the arrows in the lower right hand corner of the screen of the video to go to “full screen” mode)

 

 

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Keep it Even between Work and Family

If you are an up and coming entrepreneur with family members, it is important to maintain balance between work and family.  Focusing too much on work can lead to feelings of resentment from your family members from a lack of attention.  Of course you can tell them that your efforts are with their best interest in mind but statements such as these are not always readily accepted internally.

Such feelings of discourse can result in an amplified state of tension on the family scene and spill over to what you are trying to get done with your entrepreneurial pursuits.  They can become cobwebs that get in the way of your concentration and go towards increasing stress levels.  I’m sure you will agree that this is not a good thing.

Earlier today I was fortunate to come across and article in Entrepreneur.com that gives 8 tips on how to achieve a state of balance between work and family.  If you are currently faced with such a dilemma or know of someone who is; this article will provide you with some good reading.  My thanks to the author, Stan Popovich.

8 Ways to Reduce the Stress of Balancing Work and Family

 

 

 

Examine all possibilities – Even if they appear unlikely

While looking through my wallet, I became aware that one of my credit cards was missing. My first thought was to call the bank and have the credit card cancelled in order to avoid the possibility of any fraudulent charges accumulating.  I was persuaded by my wife to sit down and think things out before proceeding further.

The last time that I recalled using the card was earlier in the week at a local bicycle shop where I purchased a helmet.  What really surprised me was realizing how much time had elapsed before I realized that I did not have the card in my possession!  Bank records showed that there were no unauthorized charges shown as having been made so I was relieved about that.

I spent the next several hours looking for the card.  I searched the car, clothes pockets, places where I was known to have left stuff in addition to going to my place of work to see if by chance I had left it there. Maybe I put it in a plastic bag that subsequently went out in the trash.  I was even informed by the manager of the bicycle shop that they did not have my card.  Needless to say I was mystified over this.  My wife suggested that since there was no evidence of the card being in bad hands, I wait a few days prior to calling the bank and cancelling my account.  This would involve having to update numerous other accounts that needed my card number for the purposes of automatic bill payments.  During the time that this was going on, I was surprised at how well I seemed to be internalizing this.

After arriving at the present day still without possession of the card, I came up with a strange idea.  Granted, the manager at the store said my card was not there but what if I asked the person who waited on me?  At this point I was thinking that I should leave “no stone unturned” while my search was in progress.  I must admit I was a bit concerned at the chance of offending someone at the store since I had already been informed that my card was not there.

I decided to move forward and place a call to the store.  I asked to speak with the person who waited on me when I made my purchase and she immediately informed me that they had the card!  Of course I was elated at the news and after having stopped at a Panera Bakery en route (I got the person a gift card as a thank you gestured), I got my card back.  This was after having been informed earlier that they did not have it.

So if you are ever faced with a situation where it seems like you have exercised all of your options, take some time to stop, think and see if there is anything else you can do; even if the chances appear unlikely.  You may be surprised at the result!

All the best!

 

 

 

Let a Former President Show You How To Be More Productive

In the last couple of years I have become increasingly more interested in finding ways to become more efficient and productive in my daily activities.  It did not matter whether these activities were work related or personal.

Utilizing time in a more efficient manner gained greater importance when word came down from senior workplace management to learn how to “do more with less.”  This caused the need for a reevaluation of existing processes and procedures.  In order to take on this challenge, it was necessary to consult peers and supervisors (a.k.a. “mastermind”) in order to develop new ways of doing things.

Not only did the need present itself for how to carry out the workplace routine, it also became apparent that the methods employed for getting things taken care of at home would also need to be scrutinized.  It became too easy to succumb to the temptation of becoming a couch-potato once at home and to basically waste away the remaining hours of the evening basically doing nothing.  Before long, it was time to go to bed, wake up and repeat the same non-productive cycle all over again.  It’s Groundhog Day!”

Recently I stumbled across an article dealing with personal productivity that referred something known as the “Eisenhower Box.”  It consists of a basic means of establishing goals with the highest priority and getting them done first.  What was the reference point to use for establishing these priorities?  It’s simple!  One has to be acutely aware of what it is that they wish to get accomplished.  So let me ask you, where do you want to be going?  In which direction do you wish to be headed?

The first level of the Eisenhower Box are those tasks that are categorized as “urgent and important.”  This particular category consists of those tasks that need to be accomplished right away. The next level of tasks is labeled as “important but not urgent,” these tasks are the ones that you will complete later. The tasks that you consider “urgent but not important” are those tasks that you will assign someone else to perform.  Finally, if the decision is made that a task is neither important or urgent, why bother doing it?

Now in the case of where you are saddled with the responsibility of getting a large amount of tasks completed in a relatively limited amount of time; it may be necessary to delegate those tasks classified as urgent and important to individuals who work for you.  Nothing wrong with this modified use of the Eisenhower Box; think of it as leverage.  It also demonstrates an enhanced managerial skill in being able to use available resources to increased capacity.

So once you have decided what it is that you really wish to accomplish, use of the guidelines in the Eisenhower Box can prove invaluable in managing your time in helping achieve your goals.  My thanks to information provided in jamesclear.com and entrepeneur.com for the inspiration provided in writing this post!

 

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What’s Holding You Back From Entrepreneurship?

Have you ever wondered what is holding you back from achieving greater success?  Do you have thoughts of becoming an entrepreneur and wonder why you are not there yet?  I must admit, I have had these thoughts lots of times.  You have thoughts like “what if?” and “what about that?” and “well it might not work.”  Yes, your idea may not work but you never know, it just might!

Today I found myself engaged in activities that really had nothing to do with pursuing success from the entrepreneurial standpoint.  Ever since I read an article some time back that asked whether I was an entrepreneur or small business owner, I have been somewhat in limbo. So needless to say, the lack of results in anything of an entrepreneurial nature as far as today goes is solely my doing.

Earlier today, I read another article (I like to read, in case you were wondering) that focuses on rising above the level of “wantrepreneur.”  This is a term that describes those who think about entrepreneurship but have not quite made it to the next level (could this be me?).  The article lists some traits that “wantrepreneurs” display that holds them fixed to the launching pad without ever really achieving lift-off.

My take on this article (which of course I will share!) is that the common denominators holding people back are indecisiveness and lack of action.  Too much waiting and not enough doing.  Some great examples are given that deal with the persistence of some individuals who went on to achieve great success.  Please click the link below.  My thanks to the author, Rahul Varshneya and I hope you enjoy the article!

“5 Reasons Why You Will Remain A Wantrepreneur”

 

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Declare Yourself to be a Winner!

As we progress into the new year, I would like to share with you the stories of two individuals I came across who declared themselves to be winners.  They also had the chance to celebrate victory in the endeavors that they pursued.  Were these declarations a key factor in having a direct effect upon the desired result?  I can’t say but I don’t think it hurt!

The first person I shall discuss took the name “Captain Awesome” and was a participant in (of all things) a male beauty pageant that raised money for local area women’s charities. At his introduction for the ceremonies, he declared himself to be “awesome” and after engaging in competition with the other contestants in the various contest categories, he was declared the winner.

The next person whose story I would like to share is that of Ahn Hyun-soo, a speed skater from South Korea who went on to skate for Russia under the name Viktor Ahn.  Why the name “Viktor”?  During the Sochi Winter Olympics, it was revealed that one of the reasons he chose the name was because it referred to victory [1. http://en.wikipedia.org/wiki/Viktor_Ahn ].  Now of course the mere changing of his name was not the sole reason for his Olympic success, Viktor Ahn also subjects himself to a colossal training regimen.

To add further to this concept, I would like to call your attention to the story of former World Heavyweight Boxing Champion Muhammad Ali.  He was famous for his saying ” I’m the greatest!”  Now he also trained intensively to achieve his level of success but he declared over and over that he was the greatest.  He consistently implanted the seeds of greatness in his mind

.  Ali, in addition to Viktor Ahn and “Captain Awesome” had winning mindsets.

So if you find yourself facing obstacles in the path to your success, start off by declaring yourself to be a winner!  If you are not sure what area to declare yourself a winner in, declare yourself to be a winner in life.  Declare yourself to be a winner in the area that you are striving for success.  The more you believe something to be true, the closer you come to achieving your desired reality.  To examine this mental technique further, I highly recommend that you read “Think and Grow Rich” by Napoleon Hill.  In this landmark publication, the author describes the visualization of an event in one’s mind and experiencing the feeling that comes as if it has actually happened.  The thought of this can be hard to grasp at first but over the course of time it becomes easier. Think of this whenever you hear someone say “It’s as good as done,” or “It’s in the bag!”

See you in the Winner’s Circle!

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Entrepreneur or Small Business Owner?

Recently I read an article that pretty much stopped me dead in my tracks.  The content of the article gave me an expanded version of my interpretation of the term “entrepreneur” and gave me cause for some additional self-examination.

One definition of the term “entrepreneur” I studied basically alluded to a person who began an undertaking related to business and accepts responsibility for its outcome.  A new perspective was presented dealing with entrepreneurship by Austrian economist Joseph Schumpeter.  Schumpeter in his definition focuses on innovation; dealing with new products, manufacturing procedures, markets and methods of organization.

Author Bill Crosby in his article “A Basic Understanding of Entrepreneurship” states that a difference exists in entrepreneurial ventures and small business  with regard to the amount of wealth that is created, the speed at which the wealth is created, amount of risk involved as well as the magnitude of innovation.

Seeing this new (at least new for me) take on the concept of being an entrepreneur made me take a stronger look at what I was doing.  It was somewhat disturbing to say the least to think that my view of being an entrepreneur could be inaccurate.  If I compared myself to Bill Gates, Donald Trump, Sir Richard Branson and Warren Buffett, I would rank as a proverbial nobody.

But one thing cannot be denied and that is the internal presence of a spirit the drives me to do new and great things.  Yes, money is a factor but I also look to the good that can come about as a result of the money.  In addition, the sense of pride in accomplishment that results from doing new and great things is something that cannot have a price-tag placed upon it.  My thanks to Bill Crosby for sharing this article (see link below) that gives new meaning to the term “entrepreneur.”

 

 

 

 

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Looking for a Purpose to Guide You in your Entrepreneurial Pursuits?

At any time have you found yourself wondering what is the reason for doing what you’re doing while pursuing your quest to become an entrepreneur? Of course money does play a factor in the overall equation but has there ever been a question in your mind as to what you could be doing to guide you in your journey?

Some time back I recall someone telling me that the reason why he is in business is to help people solve their problems. I also heard someone mention a phrase which included the words “trade something of value for value” in the movie “Atlas Shrugged Part Two.” Author Wallace Waddles in his book “The Science of Growing Rich” talks about the need to be offer something of value in order to move forward on the path of attaining riches.

Think about it, doesn’t it make sense that if you have something, whether it be a product or service and someone in the general public has a need for your product or service, that the possibility exists of some sort of profitable deal being arranged? Of course when it comes to friends and family you would be willing to help them without charge but anyone else who might be in need of what it is you have to offer is definitely a potential client for you! Should such situations come up where someone just happens to need whatever it is you have to offer and the thought of broaching the subject makes you feel awkward; try saying something simple such as “If I could show you a way that (could solve whatever their problem is)…, would you be interested?” You never know, the answer just may be “Yes!”

Now granted, if you just sit around waiting for people to approach you with their problems (let’s hope it deals with something you are qualified to assist them with!), it may be a while. But if you venture out into the world to promote your offers (a.k.a. advertising), you will probably get better results.

Something also to consider prior to going out into the proverbial marketplace is knowing what it is that people want or need. No sense promoting candlewicks when your potential clients would just as soon buy a candle that already has the wick included! If you have not done so already, learn what it takes to conduct good niche market research. There are a variety of tools available (free as well as for sale) that can help you with this. Check out videos on YouTube that are a good source of information to help with this.

Best Wishes on the achievement of your goals and here is to a PROSPEROUS & PROFITABLE 2014!!

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Problems – Obstacles or Opportunities?

Earlier this year, I watched a movie titled “The Ultimate Gift.” It told the story of a privileged (as in “silver spoon”) young man whose billionaire grandfather had recently passed away. As part of the process of having the will disclosed to the surviving family members, he is presented with a video produced by the grandfather outlining a series of “gifts” that he will be presented with in order for a chance to obtain his portion of the inheritance.

Now the potential beneficiary (Jason) is thinking of the gifts in the traditional sense but by the end of the movies comes to realize that the gifts are indeed beliefs that can be attained which will result in transformation to becoming a better person.

At the conclusion of the movie in which Jason becomes the recipient of a sizable amount of wealth, the following gifts are mentioned:

- The gift of Work
- The gift of Money
- The gift of Love
- The gift of Friends
- The gift of Problems
- The gift of a New Day
- The gift of Laughter
- The gift of Gratitude

Out of this list of gifts the one that really stood out in my mind was the one pertaining to problems. The grandfather (played by James Garner) states to the effect that a problem can be viewed as an opportunity to exercise the mind and come up with a solution. As a result, man’s abilities to think and reason would be improved. This to me sounds like a much healthier approach rather than saying “Oh whatever shall I do!” It reminded me of being in high school math classes pondering over how to find the solution that was presented to the class by the teacher.

What a great outlook to have on this subject! Thinking of problems as an opportunity to be embraced with the intent of coming out better as a result. The hope and optimism that you can convey to those facing the problem with you can be contagious and as a result new and greater energy is brought to focus when it comes to attaining the solution.

So as entrepreneurs, we should not only see problems we encounter as gifts, we should also expect for them to come our way.  That way, when a problem arrives, we should hopefully be in a better frame of mind to not only deal with but to benefit from them as well!

Diana Nyad Raises The Bar on Goal Setting

Okay, if this story doesn’t beat all, I don’t know what does.  On September 2nd 2013, 64 year old Diana Nyad became the first person to successfully swim the Florida strait stretching 110 miles from Cuba to Key West.  It was her fifth attempt at completing the feat which took 53 hours to complete.

More astonishingly, she has tried on various occasions for the last 35 years to do this!  On top of that, she made the journey without the aid of flippers or the protection of a shark cage.  I must say, she sure looked worn out as she walked ashore in the United States.

After hearing of this extraordinary tale, I thought to myself “no more excuses.” I find myself thinking over and over, “64 years old and 35 years in the making.”  What an inspiration for mankind this woman is!  Preaching the mantra of “find a way,”  Diana Nyad serves as a standard to follow when it comes to pursuing whatever it is in life that one would hope to achieve.  “Find a way,” now those are powerful words and I hear them reverberating in my mind each and every day.

Diana Nyad’s achievement gives us all reason to think about what it is that we truly want and “find a way” to attain it.  I will say it again, 64 years old and a story 35 years in the making!  It just goes to show that it is never too late to pursue your life ambitions.  Thank you Diana for giving us all an example to follow whenever we get presented with so called obstacles as well as a source of inner strength so that each of us may “find a way.”  Our lives are all the much better as a result of your truly amazing accomplishment.

Flying lessons, here I come!

 

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