Many people believe the main issue in their life is their income and that by changing their income they will change their life in such a way they will be happy. But first, you must change your mindset, while will then change your income and ultimately your life. It must be done in this particular order, much like planting a garden, to get the results you want.
As an entrepreneur, there will always be setbacks, so you must re-visit these steps on a regular basis.
1. Get Ride Of Your Addiction To The Outcome:
This is probably the most important mindset change you can make. It doesn’t matter what kind of business strategy you are using, when you are no longer dependent on the outcome, you can become more positive. This gives you the appearance of a leader in the eyes of your prospects and is exactly what other people are looking for.
2. Actively Work On Your MindSet:
How you do this is personal to you. You may find it by reading or listening
We read books throughout our lives, but it becomes especially important when we are at the start of the journey to entrepreneurship. Reading the right book can not only point us in the correct direction, it can also give valuable insights and suitable advice. Indeed, a good book can be a much needed good friend in times of need. Listed below are four books to help us on our way, to make this journey a success.
1. The Founder’s Dilemmas: Anticipating & avoiding the pitfalls that can sink a Startup by Noam Wasserman
Noam Wasserman teaches a class called ‘Founder’s Dilemmas’ at Harvard Business School. This book is the culmination of Noam’s actual research and that class. He mainly focuses on the key dilemmas that a startup founder will face when starting a company. All the information related to founder dynamics, solo founders, optimal number of founders and their roles and relationships, equity allocations between founders is covered in the book.
2. The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Business by Eric Reis
We hire coaches and mentors for a reason; to stretch us, take us where we have yet to go and remind us of the little things that add up to big outcomes.
Personally, I hire experts to push me and encourage me to take risks (and big ones at that). What I fail to understand is when someone hires a coach and either never shows up for their calls, in-person masterminds, VIP Days or whatever is offered as part of the package. This truly boggles my mind.
Then there are the people who do take advantage of what’s being offered, but never take any of the recommendations to heart. What a complete waste of time and money. If you’ve hired someone for their expertise, be willing to put their ideas into action.
One of the greatest benefits of having a really strong mentor is the trickledown effect. What this simply means is: what we learn from someone else, when we apply it and get a result, we are able to teach others.
I’ve been hiring business coaches for years. Although I
Entrepreneurship has traditionally been defined the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale.
The above written lines state the meaning of the word entrepreneurship as per the widest searched platform on the internet, Wikipedia. But, the question is, does it really mean only this much or is there more to entrepreneurship. Let’s explore.
When you design a service or a product and think of launching it in the market, does it really just take that idea and the work is done? We sure know for a fact that this is not and can not be the case. It takes a lot more than just an idea to be running a successful business. The initial few phases of launching a startup are nothing but utter chaos. Also, understanding the responsibility takes some time. With time, the attitude towards life changes and also a sense of how to get things done is developed.
Let’s delve into what transformations you go through when you go from a common
First understand this is a process and not everyone is at the same place. A great analogy to use is a football field. Maybe you have been in business for some time and are just 10 yards away from the goal, but just need 1-2 tweaks to propel you forward. Or you may be on the other end of the field, just getting started and have 90 yards to goal. For some, they are not even on the field yet, and are just getting started.
Wherever you are in the process, understand it is a process for everyone. We have all been there.
1. Be The Person
Become the person that people want to follow and do business with. It really comes down to personal development. Don’t be the whiner, complainer or negative person nobody wants to be around. Work on yourself to become the people you want to attract to your business and work with.
Believe in what is possible even if you can’t see it yet. This can be a huge obstacle for many because there are a lot of cynical people out
Done with your graduation and now you want to set up your own business. Not a bad idea because if you want to walk an extra mile, you have to start early. Really Early… Here are 5 effective tips which would keep your business on the right track and help you nurture growth at a rapid pace.
Trust Your Instincts & Have a Belief In Your Business Idea
When starting a business with a new idea, the ultimate thing which matters the most is do you trust in your idea? Do you trust in yourself to make it happen? This will form the building block of your business. For any business to taste success, it should have a strong foundation. Your belief will serve as an inspiration to your team, which will further reflect on their performance.
Running a business requires a lot of money. Literally, a lot of money and you should prepare yourself for it. You should have a strong credit line of your family and if this is not the case, then you must look for investors at the initial stages
Congratulations, you’ve decided to launch your company! You have an exciting business idea; you’ve thought through all the necessary steps to start and run your enterprise. If your venture requires more money than you have, the next move will be finding investors. This part is the most challenging. Admit it; you don’t have a habit of speaking with 50+ investors who get dozens of pitches like yours every day. The investors want to know why they should trust you, so show them that your business is worth their hard-earned cash. Every investor has his/her own approach to the evaluation of pitches. “Some do substantial due diligence before meeting (reading a plan, talking to people they know) and others granting a meeting without even looking at the plan at all. Some investors rely on their intuition while others crunch a lot of numbers. Almost all of them source carefully, make good use of co-investors, and focus on the entrepreneur and team” . But, if you are a first-time entrepreneur and never dealt with investors, you may not know some factors that can be decisive for them. Let’s enlarge upon
It is really a good time to have your own business. Emerging marketplaces with a rich growth potential, a steady economy and an improved consumer spending have set the groundwork for a prosperous future for small-sized businesses within America.
It has been witnessed that the SBA loans are granted frequently; now along with the low interest rates and the Baby Boomers inching toward their retiring age, it is a pretty good time to realize your long-cherished dreams of entrepreneurship. These factors combine together to form a really excellent atmosphere for entrepreneurs who are looking forward to living their dreams of owing small-sized businesses.
Buying or acquiring or merging with a business is a crucial life decision that should be done only after performing extensive research works and after considering all the internal and external business factors. However, whenever a business is being bought, the most important part is to pick an industry; this point will become ever more important if an entrepreneur is making this decision. For this reason, here is the low-down on the top industry that has displayed remarkable potential as well
Today is story day, where we reveal a wonderful story that all entrepreneurs love. It’s a story about coming together, about creation, about creating the perfect Entrepreneurial Soup.
Some travelers came to a village, carrying nothing more than an empty cooking pot. Upon their arrival, the villagers were unwilling to share any of their food stores with the hungry travelers.
In realizing no one was going to help feed them, the travelers went to the nearest stream, filled a pot with water and dropped a large stone into it. They then placed it over a fire.
One of the villagers became curious and asked what they were doing. The travelers answered that they were making “stone soup,” which tastes wonderful.
Before taking his first taste of the soup, the traveler stated that it needed a little bit of garnish to improve the flavor, which they are missing.
The villager, not minding to part with a few carrots to help them out, added them to the soup. Another villager walked by inquiring about the pot and the travelers again mentioned their stone
If you plan on striking out on your own to start a new company, you’ll find that there are ample resources that are designed to guide entrepreneurs through this process. Starting a company is cheaper and easier than ever before given the ability to leverage the Internet in order to effectively connect with people while minimising your operational and outreach costs. There are, however, a few important things you have to do to ensure that your startup is a success.
Although starting a business is currently cheaper and easier than ever before, it is still important for business owners to have a secondary and steady source of income throughout their first year of operation. This will take the pressure off of your company to succeed immediately. You will have sufficient funds for covering your ongoing operating costs and your basic living expenses and will not have to function in a constant state of panic.
Establish a solid working schedule so that you are devoting an appropriate amount of
“There is only one success, to be able to spend your life in your own way. – Christopher Marley.”
Becoming your own boss means that you create your own business. You are going to have to take responsibility for your business and you have to be willing to take risks. That said, here are 6 reasons why you should be your own boss.
You pursue a purpose – Being your own boss means that you are able to decide what you want to do with your career and your life. If you were working for someone else, you are working for their purpose, which you may or may not agree with. However being self-employed will give you the opportunity to create a unique purpose that will contribute to other peoples’ lives.
You are passionate – Creating your own business means that you can use your interests and passions to your advantage. You will be able to build a business that resonates with the things that excite you and give you passion.
Game of Thrones season 6 is over.
It’s gone so fast.
And the last episode was amazing.
But it’s now 10 months til the next season.
And that’s a long time to wait.
I really do LOVE the show.
And I could easily lock myself in a dark room for the next 10 months, feeling eternally sorry for myself…
But you know what?
The fact it’s over, I’m seeing it as a positive. Because I’ve decided to now crack on with some new fantasy books to pass the time.
So hopefully I’ll find something else I love just as much.
And this is the mentality YOU as an entrepreneur need to have to do well in business.
One question you should always be asking yourself is:
It doesn’t matter if you’ve been successful to date, or if you haven’t.
Always look forward.
Because if you don’t, your competitors will.
And you’ll get left behind.
So you can wave bye-bye to any
It’s true that with recent recession, the impact on the global economy, and decreasing employment prospects, more and more people are seriously considering self-employment and entrepreneurship as a viable alternative. I can tell you now though, everyone could be a successful entrepreneur, but not everyone is prepared to do what it takes, or has the determination and drive to be an entrepreneur.
This article gives a general overview of what it takes to start your own business, and if you feel that a lack of funds is your biggest hurdle, then this is for you, because it also gives you some great low-cost business ideas. Of course it’s easier if funds are readily available, but funds alone do not determine success, you have to be prepared to take action. This is therefore more specifically for those who don’t have the luxury of much start-up capital, but are prepared to take action.
So, before you get started, ask yourself: ‘Does it only take a great deal of knowledge, money, or connections to start your own business?’ Well, the
Is your entrepreneurial spirit kicking in? Do you want to engage yourself in the events planning industry? If you are, then this post is definitely for you. We will give you a quick overview of what you need to consider should you want to make this your serious business.
Know your Target
You might think that being the ‘jack of all trades’ is a good idea when you are starting your own events planning business. While it is important to know a lot of things, it is also vital to have focus. You have to remember that there are different events. We have the celebrations, education, promotions to name a few. Each celebration calls for different planning. You must know which one would be your forte so you can do more research on that, making you stand out from the rest of events planning companies. Engage in a specific niche that you enjoy doing before extending your network to other type of occasions.
Make Your Business Legal
Secure the necessary permits required for your business to be able to release official receipts to your
The ugly truth is that three out of four startups fail. Try being the one that doesn’t!
“But that won’t be me!” you’re saying to yourself. “My idea is brilliant! Everyone wants my product!”
Unfortunately, it takes a lot more than a great idea to launch a startup and much more to make it a successful one. There are thousands of would-be entrepreneurs out there with brilliant ideas that simply didn’t take because of funding issues, a bad marketing strategy, or any number of other reasons.
Here are seven likely reasons your big idea is currently on a fast track to the startup graveyard.
o My Business Model is borderline pathetic
A great product idea does not make a business model! If you can’t monetize your product while acquiring customers at a reasonable rate, you have no hope of scaling your product or establishing a revenue stream. Unless you are planning to run a charity organization, you’re not going to make it very far.
I get it, business models are boring. It’s a lot more fun to hit the ground