achieving success


Friday, November 20th, 2009

Entrepreneurial Skills May Fail if Your Heart’s Not in the Business

Entrepreneurial skillsStartupnation.com, a hub of information, forums, and so on, provided and monitored by entrepreneurs for entrepreneurs, has an interesting piece on the top 100 home-based businesses. The 2009 winners are listed by category – which is pretty fun. You can use the list as a guideline and apply your entrepreneurial skills to those categories that most seem to fit your lifestyle and mindset.

The categories are:

•    Most Innovative
•    Boomers Back in Business
•    Greenest
•    Yummiest
•    Wackiest
•    Savviest in Social Media
•    Recession Busters
•    Most Slacker Friendly
•    Most Glamorous
•    Highest Vote-Getters

There’s something to fit just about everyone’s personality and interests.

When you’re starting your own business, whether it’s home-based or otherwise, it’s important to choose a product or service that really appeals to you. The more passionate you are about the undertaking, the greater the chances of achieving success. In fact, even the most brilliant entrepreneurial skills may fail if your heart’s not in it. The top home-based business list tells you what’s been working for others, and gives your entrepreneurial brainstorming a jump start.

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Thursday, November 19th, 2009

Key Entrepreneurial Skills – Planning, Organizing and a Positive State of Mind

entrepreneurial skillThere are some things that transcend the physical aspects of entrepreneurial skill. I’m sure you’ve had times in your life when, no matter how well things are planned out, lined up, anticipated, and so on, just about everything goes wrong. We’ll call them your Murphy’s Law periods.

Then there are the times when just about everything you’ve got going on is a long-shot but, somehow, almost magically, they all hit the mark. We’ll call them your Midas periods.

What does this phenomenon prove? That obstacles exist more in the realm of thought and emotion than in that of the physical.

Several famous people have made profound statements about the vital necessity of planning, organizing, and so on. All true. But a state of mind that is not conducive to achieving success can throw the best laid plans right out the window.

What is the entrepreneurial skill at play in these situations? While staying ‘up’ is important, some people do it by pretending everything’s great when it’s really not. Rather than pulling the wool over your eyes, you have to learn to recognize that things aren’t what they should be, locate the reason behind it, and do something to change it.

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Tuesday, November 17th, 2009

Achieving Success – You Are Your Most Valuable Asset

Achieving success‘You are your most valuable asset,’ is not a new concept. Nor is the idea that you should ‘invest in yourself.’ But how do these concepts apply to achieving success?

Some may think of investing in yourself as getting a good education and, yes, that’s part of it. Formal or informal, basic or entrepreneurial, education gives you more tools to put to work for you.

But achieving success has much more to do with your physical, emotional and mental status. And those things should be your primary investments

Why? Think back on the days you’ve dragged yourself out of bed with the weight of the world on your shoulders; or times you’ve felt sad, intimidated, frustrated, angry, mentally foggy, or just not really 100% with it.

On those occasions, everything you do takes effort and nearly everything seems impossible. Achieving success is practically a lost cause.

But when you are alert, focused, feeling good, in tune, on the ball – when you’re on top of your game and you know it – nothing can stop you. That’s the real you; that’s the ‘yourself’ being referenced in the phrase ‘invest in yourself.’

A vital step in achieving success is finding out what keeps you on top of your game, or gets you back up there when you’ve suffered a setback. Anything that does that for you is well worth the investment. It really could mean the difference between success and failure in everything you do.

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Monday, November 16th, 2009

A Key Entrepreneurial Skill – Anticipating Decline

Entrepreneurial skill“Do not look where you fell but where you slipped.” That’s an old African proverb – no one really knows who said it, but it’s a good one. In fact, looking at where you slipped is a key entrepreneurial skill. But what does it mean, and how do you apply it?

Basically, it’s pretty simple. By the time you’ve actually landed (the fall), it’s really too late to do anything about it – staring at the ground where you landed won’t teach you a thing.

However, if you can locate the point at which you started to slip, you can actually prevent future falls.

Let’s look at statistics, for example. The numbers could be going up consistently for weeks or months on end. You look at them every week, and note their climb. Maybe you get the occasional down week but it’s nothing major, easily understandable (a hurricane hit and there was no electrical power, a snow storm kept everyone trapped in their home, and so on), and things go back up the next week.

Then you hit a week that goes down, and you don’t have a clue what’s behind it. That’s the beginning of the slip. Then the numbers go down further the next week and you still don’t have an explanation.

You are headed for a fall.

What is the entrepreneurial skill to be learned here? First, if the numbers start slipping, find out why; now. Second, if you are trying to recover from a fall that happened quite a while ago, look for the point at which things started slipping. There will be your answer.

Achieving success depends on anticipating the future – which you do with entrepreneurial management skills like finding out why things slipped instead of waiting for the fall.

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Thursday, November 12th, 2009

A Strategy for Wealth Creation is Vital – Don’t Just Wing It

Wealth creationA very useful entrepreneurial skill is figuring out what activity is going to pay off. A friend of mine had a strategy for wealth creation that really worked for her: she started businesses based on government rebates and/or restrictions.

For example; when a years-long drought prompted the government to restrict water usage in California homes, she started a company that sold inexpensive ways to comply with the new law – everything from low-flow toilets and conversion kits (for regular toilets) to low output/high energy shower heads. When the compliance deadline passed, and the demand for her products was reduced, she closed the company.

She did a similar thing when people were being reimbursed for converting to solar power; started a company that sold and installed solar panels. When the government rebates/reimbursements ended, she closed the company.

As a side note: knowing when to close a company is also a pivotal entrepreneurial skill. She kept them going only as long as buying her products resulted either in consumers making money or avoiding penalties.

She’s made millions with this strategy for wealth creation – from almost everything she took on.

These days she might be specializing in real estate – first home buyers, who currently get a tax break of $8,000 – or various green endeavors; there are many national, state and local funding opportunities for homeowners, industry, government organizations and nonprofits who want to go green.

Achieving success requires organization – don’t just wing it and expect to get somewhere. Being able to develop a strategy for wealth creation is a vital entrepreneurial skill; that strategy is the fundamental upon which all business decisions are made. Do it, and you’re more likely to succeed.

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Monday, November 9th, 2009

Intrapreneurs Use Entrepreneurial Skills, but they Need Creative Freedom

Entrepreneurial skillsDid you know that one can be an entrepreneur or an intrapreneur? An entrepreneur is generally someone who starts a new business; an intrapreneur works in an existing business to revitalize it with creative, innovative ideas or to start a new company under the umbrella of the existing one for the purposes of diversification. In either case, entrepreneurial skills are needed to achieve success – although the intrapreneur may not be as accountable as the entrepreneur.

If you’re given free reign as an intrapreneur, it can be very exciting. And you aren’t the one taking the risk. However, if someone is telling you exactly how to do the job, instead of letting you use your innovative ideas and entrepreneurial skills (intrapreneurial?) to get it done, it can be not so fun – in the extreme.

I had a friend, for example, who was hired to open up the U.S. market for a product that was doing very well in Europe. Company headquarters were also in Europe. Several people had tried to launch this product in America without success.

My friend took on the project and it was soon very clear why others had failed – the European guys who ran the show insisted that it be done their way. It was quite an amazing phenomenon actually: they only hired those with proven entrepreneurial skills and success launching new products, so the hirees really knew what they were doing, but then they wouldn’t let them work their magic.

It was a classic case of Einstein’s definition of insanity: “doing the same thing over and over again and expecting different results.”

My friend finally quit the company in disgust, and about 15 marketing and PR people followed shortly thereafter. That was some years ago, and the product still isn’t making it in the U.S.

This is not an unusual situation: in fact, it’s the type of scenario that drives people to work on their own.

Lesson learned: If you’re going to use your entrepreneurial skills to achieve success as an intrapreneur, make sure the parameters are very, very clear prior to committing to the project.

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Wednesday, November 4th, 2009

Entrepreneurial Skills – One BIG Reason to Put Them on Your Must-Do List

achieving success Whether you’re currently working for yourself or as an employee, entrepreneurial skills are a vital part of business. But, as importantly, they’re also a vital part of life.

Let’s look at just one skill every successful entrepreneur has – the ability to negotiate. Now let’s look at how you use it in life.

A good example is my friend’s approach to getting his daughter willing to stop playing and come to dinner. It was quite a dilemma; every time he called her to dinner he had to argue with her. Then she’d come to dinner upset, and dinner would not be the happy occasion either of them wanted.

So, he devised a plan – he’d put her in the driver’s seat. One day he asked her, “What one thing do you have to do before you can eat dinner?” And it worked! She responded with “put away my dolls,” “feed my kitty,” or “dress my Barbie in her new pink outfit.’ He was delighted. She would do that one thing and happily come to dinner.

But it didn’t take long before she caught on. One day he asked her the magic question and she replied, “Play for another hour.”

My friend knew she had his number. And she was only six years old! See … everyone negotiates. It is key to achieving success in many, many areas of life.

By the way, that little 6-year-old was born with serious entrepreneurial skills. She’s older now, and one of the most innovative minds on the planet.

Don’t think entrepreneurial skills are just about business – they’re for life. Use them, and life will be better.

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Tuesday, November 3rd, 2009

Don’t Waste Your Entrepreneurial Skills on Lose/Lose Clients

Entrepreneurial skillsI don’t know about you, but I’ve had my share of clients I regret taking on. Not many, but it doesn’t take many to make you realize you just can’t make a habit of it. Entrepreneurial skills do include dealing with difficult clients, but I’m not talking about guys that are high maintenance; I’m talking about those who make it impossible for you to give them what they want. A real lose/lose situation – no chance of achieving success.

How can you recognize a prospective client who will be the bane of your existence? The clues are nicely covered in Four telltale signs of a nightmare client. I hope they don’t mind my quoting them:

1.    The client is not clear about what he or she wants but somehow expects you to produce it without their detailed input. If they are too busy to either describe the project or to put you in contact with the people who can, watch out.

2.    The client reports having had a lot of problems with previous consultants — a pattern of “problem” consultants might be a sign of a problem client. (Don’t think your entrepreneurial skills will change that – it’s a crap shoot).

3.    The client is ignorant about technology and has no competent staff. This client may expect you to wave your magic wand to give them some magical business advantage, while having no understanding of the complexity or expense of serious computer systems. (My note: you can substitute ‘technology’ and ‘computer systems’ in the first and last sentences with whatever relates to your field. The point is: the client has no real understanding of what you do).

4.    The client makes it clear that they are looking for a bargain and focuses entirely on cost in your early contacts. (Don’t waste your entrepreneurial skills on trying to figure out how you’re going to live on what little he’ll pay you).

If a client looks like he’s going to be trouble, don’t even waste your time – no matter how much you think you need him. Put your entrepreneurial skills to work to get more prospects, and take on the guys who really want to achieve success.

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Monday, October 26th, 2009

Entrepreneurial Skills Must Include Being Able to Identify Opponents

Entrepreneurial skillsGames consist of two teams – yours, and the opposition. But sometimes we find opponents on our own team. And sometimes we become our own opponents.

You’ve probably run into this phenomenon: you think everyone’s on board and with the program, and you think you’re doing all the right things. Nevertheless, you find yourself continually blocked in your efforts to achieve your goals. There could be all kinds of reasons for it, some of them are even understandable, but they seem to go on and on. It’s just one thing after another.

There’s a good chance you’re running into unidentified opponents.

Sometimes the opposition has an internal source – lack of confidence or some other personal aspect that seems to be working against you – and sometimes the source is external – someone you’re working with isn’t really with the program, and may even be working against you.

Entrepreneurial skills training helps eliminate our ‘inner opponents,’ but a vital part of achieving success involves identifying those who seem to be team members but aren’t really on the team. Benign or aggressive, they are opponents in that they’re not really part of the push forward.

If you’re having trouble in your quest to achieve success and feel like you’re up against a brick wall, have a close look at your associates. And have a talk with them to verify that you’re on the same page. Are they really on board? If not, you either have to resolve the disagreements or differences or go your separate ways.

Life is too short to spend a lot of time trying to get team members up to the point of being willing to play. There are plenty of people who don’t take convincing – they want to play the game. And win.

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Friday, October 23rd, 2009

Achieving Success is an Empty Experience When We Destroy Others in the Process

Achieving successWow. Not a very literate comment, I admit, but I still think the new Global Economic Ethic Manifesto deserves a ‘Wow.’ Achieving success, for many, is an empty experience when we have to shove other people down the ladder for us to make the upward climb. Unfortunately, not everyone feels the same.

Some think there was no predicting the economic mess we’re in, that it was all accidental and just as much a surprise to industry leaders as it was to the millions who lost their homes, their jobs, their savings, their retirement plans, and so on.

But documentation abounds (check some of the Wikipedia references for specifics) that proves the existence of several warning signs – they’ve been staring us in the face for years – which were ignored by the powers that be, many of whom were bailed out by the government (and our tax dollars) while the man on the street bore the brunt of the catastrophic results.

That’s why we’re our current economic mess, and why we need a set of global guidelines which, if followed, will ensure that everyone who uses their entrepreneurial skills has a fighting chance at achieving success. The Manifesto, written by a working committee of the Global Ethic Foundation, is just that.

Will the Manifesto be followed? Greed has become a way of life for the big guys. They may be too far gone to rise to the occasion, especially when they’re simply bailed out when their world caves in around them.

But that doesn’t stop the rest of us from supporting the Manifesto and adopting the guidelines for our own business activities and insisting that those we deal with do the same. Check it out, live by it, and your personal success will also bring you happiness.

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