Showing posts with label Entrepreneur Tips. Show all posts
Showing posts with label Entrepreneur Tips. Show all posts

Monday, December 09, 2013

4 To-Dos for the 'Someday' Entrepreneur - Adelaide Lancaster


I talk with a lot of people who want to start a business “someday.” And as a result, I often think about the factors that determine which “someday” entrepreneurs will actually become business owners, and which will continue to say “I wish” for years to come.

Surprisingly, the ability to take the plunge has a lot less to do with people’s personalities, and a lot more to do with how accessible and familiar the experience of entrepreneurship is to them. Those who can picture themselves running a business often do. And those who continue to think of entrepreneurship as a big, scary thing that other people (perhaps more gregarious, sales-oriented, or risk-tolerant people) do tend to never move forward.

So, if you, too, dream of someday being your own boss, an important first step is just getting acquainted with the nature of the beast. Here are four things that will help you do just that.

1. Make New Friends
One of the best ways to learn what entrepreneurship is really like is by getting to know some entrepreneurs. Not necessarily the fancy, media darling types, but just normal, low-key people who work for themselves. To start, connect with entrepreneurs who match your own demographic—it helps you to start thinking “hey, if they can do it, so can I!” But be sure to branch out from there, and also to meet people in a wide variety of industries. There are lots of styles of entrepreneurship, so the more diversity you can experience, the better!

If you don’t know any entrepreneurs, just start asking people to make some introductions. Or, join groups on LinkedIn or Facebook and start paying attention to the discussions that are happening. Ask someone you find interesting to have coffee and take it from there. Pick their brain about useful resources, groups, or meetings, and see if they can introduce you to even more entrepreneurs.

2. Pick Some New Role Models
In addition to making some new pals, it’s important to identify role models who are a little more established in the business world. You might not be able to take them to coffee, but you can learn a lot by observing them and their companies from afar.

Select three brands or companies that you like and admire. Find as many ways to follow their leaders as possible—be it their blogs, articles, or Facebook profiles. Read their books if they have them. Read their press and interviews that they’ve done. Think about how their personalities and leadership styles have shaped the brands and the companies they run. Stay abreast of their company news, and take note of what they share about their own experience.

3. Fall in Love with Small Business as a Customer
There’s a certain romance to small business. As a customer, there’s always something more special about the experience. Sometimes it’s witnessing changes over the years, other times it’s the connection to the owner, others it’s the attention to detail that’s given to the product or service.
And there’s a lot to learn from that! So, in addition to making friends with entrepreneurs themselves, it’s important to also make relationships with some actual businesses. Think about the small businesses that you currently patronize, or the new start-ups whose products you love. What do you know about their owners or story? What are their goals and where are they going? What do they do that’s memorable, distinct, or unique? What do they do particularly well? Thinking about your own experiences as a customer will give you tons of insight into running your own show.

4. Demystify “Business” Speak
Most would-be entrepreneurs get scared off by the “business” side of things. They overestimate the skills and knowledge that are needed to run a business and assume that there are huge mountains to be climbed and learning curves to overcome before even getting started.

But it’s important to confront the monster under the bed—it’s not as hard as you might think, and you certainly don’t have to have an MBA to do it. Pick a small business magazine like Inc. or Fast Company and invest $15 to get a subscription. Peruse it each month, but feel free to read only what’s interesting to you. You’ll soon see how un-mysterious business can be. From behind-the-scenes business profiles to questions about how to handle particular challenges, you’ll begin to learn a lot about the experience of entrepreneurship.

As you start talking to people, expanding your reading list, and thinking more and more about the what it’s like to be an entrepreneur, you’ll soon see that it’s not as big and scary as you might think. And that “someday” will inch a little bit closer to today. 

Tuesday, December 03, 2013

18 Entrepreneurs Share Their Top 20 Tips - Eric T. Wagner


So much noise in the world. So much chatter.


Most of it sounds like the adults speaking on Charlie Brown: “mwa mwa-mwa mwa mwa”
But sometimes between all the mumbo-jumbo comes ear piercing wisdom. Yes — pure unfiltered advice in search of a landing pad in the brain of startup entrepreneurs.

And so my question when having an audience of rock star entrepreneurs is always this:

“If I were a 20 year old just starting my first business; and you could give me only one piece of advice or wisdom; what would it be?”

Having landed smack dab in the middle of a ton of smart, well heeled entrepreneurs at a recent live event in Scottsdale, Arizona — I asked my question.

Low and behold, 18 entrepreneurs fired off 20 bits of wickedly good advice for all of us.

Let the wisdom begin…

1.) The Power of Connections

“Network! Make connections and keep a record on each person you meet. Ask for their advice and help. Keep in touch with them along the way and build your network before you need it! Quality relationships are the keys to the kingdom.” – Clare Dreyer

2.) Focus, Focus and Focus

“Focus on ONE NICHE! And become the expert guru in that niche with your brand. Don’t get greedy! It’s the reason most quit by spreading themselves too thin.” – George Shepherd

3.) You Will Fail at Times

“Look forward to failure. This is how you learn to succeed. There is plenty of time to get it right —  so go ahead and just do it — and get it wrong.” – Graham Phoenix

4.) Let Your Passion Drive You

“Find what you’re truly passionate about and go for it head on.  Your passion driving you on your entrepreneurial journey. And understand there is NO Such THING AS BALANCE when you’re building your empire. There are things entrepreneurs do that others will not.” – Katerina Gasset

5.) Stop Thinking of Your Own Wallet

“Be of service; give value. Rather than thinking “how can I make a living and make money”; think  ”how can I serve and truly add value to people’s lives? How can I make a difference?” This is what Oprah and Deepak Chopra say is their driving mission.” – Rena Hedeman

6.) Successful Entrepreneurs Have Mentors, Coaches or Masterminds

“Surround yourself with great mentors. They help when you reach a plateau in your business cycle and can shave years off your business development and growth through advising from their mistakes and successes.” – Thalej Vasishta

7.) Stop Thinking of Your Own Wallet Part II

“Approach your business from a place of service; how can I help my audience be more successful at what they’re doing. Before you write a blog, write a newsletter, shoot a video, present a proposal be still for a moment and ask for the knowledge of what your audience needs from you right now rather than to look for a way to “win someone over.” Come from a place of how to fill someone else’s cup rather than your own. Oh yeah and build a freaking list!” – Susan Garrett 

8.) Leaders Lead Through Service to Others

“Don’t be afraid to get your hands dirty and never ignore the reality of your situation. Always be honest with yourself before you criticize others. If you can’t truthfully manage yourself — you don’t have a chance of effectively managing others.” – Jason M. Aubrey

9.) Finished Beats Perfect

“Don’t wait for everything to be perfect before you make your first step. Dive in and learn as you go!” – Chris Beatty

10.) Bend to the Market

“Learn to pivot. Resist falling in love with your initial idea so you can discover what the market actually wants and is willing to pay for – and then give it to them!” – Cherylanne Skolnicki

11.) Core Values Last — Quick Buck Artists Don’t

“Remain authentic to yourself and your values as you build your business. Stand for something — never sell out for a quick buck.” – Cherylanne Skolnicki

12.) Stop Thinking of Your Own Wallet Part III

“Help people. Help when you’re happy. Help when you’re tired, and even help without attachment to getting anything in return. Keep on helping people towards a better life, straight through to your marketing. If you do this, you’ll create a marketing approach that’s based on “help marketing,” and you’ll have a business that’s never short on customers.” – Forest Linden

13.) Today is Your Day

“I love this from Og Mandino and wish I had learned this at age 20: “I will act now. I will act now. I will act now. This is the time. This is the place. I am the person.” – Julie Samford

14.) Being an Entrepreneur is a Journey — Not a Destination

“Learn to love the journey. Enjoy the slow steady movements toward what you dream of. And take refuge in the simple comforts of loving relationships, dear friends and your creative vision. Remember to smell the flowers often, listen to the birds, befriend fear. I’ll say that one again, befriend fear because it will likely be a constant companion. Nothing wrong with that, as a teacher told me, fear means: Prepare to Grow!” – Ahava Shira

15.) Unique Positioning is Everything

“Sell what people are already buying – in your own voice.” – Barry Friedman

16.) Negative People Can Bring You Down

“Do not let the naysayers and dream stealers turn your dream into a nightmare. There are so many people that will tell you no — you can’t do this. If you are surrounded by those who do, then it is time to make new friends.” – Katerina Gasset

17.) Okay — You Can Think About Your Own Wallet Now

“Stop doing anything else until you can say you’ve mastered the ability to sell what you offer. Everything is easier when you develop the ability to find a need; fill it and then be paid well to do so.” – Ken Foody

18.) Test + Action = Success

“Take small and medium size risks consistently.  Test your results and focus on what works. Taking action will make you feel alive. It’s where you personally grow.” – Justin Krane

19.) Live By: “Just Watch Me”

“Ignore everyone who says you’re crazy and it will never work. Adopt the stance, “oh yeah, just watch me.” – Debra Gould

20.) Expand Your Mind: Forever

“One thing? Never stop learning!” – James L. Pearson