entrepreneur opportunity


Wednesday, January 20th, 2010

Achieving Success – Keeping Your Money and Making it Work for You

A lot of people have made and lost millions. Some don’t seem to mind – it’s their game. But others, having made a few million, would rather keep it. To do that, you need to be financially literate. True, you need a certain amount of financial literacy to simply take on an entrepreneur opportunity and have any chance of achieving success, but to keep that money may require you to boost your financial literacy up a notch.

How does one become financially literate? When I looked at the number of people that have fallen prey to the country’s recent economic woes, it would seem that controlling your finances and making them somewhat predictable is a challenging task. So, I went searching for basic and uncomplicated guidelines that apply to everyone.

There is a lot of advice out there, however, I found a list of basics which, if followed, should help your finances stay under control as you work on achieving success.

It does take a little work, study really, but that’s no different than any other subject you want to master. The info I found was offered on basicallymoney.com in response to a question from a reader: “How does one become “Financially Literate?”

Understanding finances enables you to reap the full rewards of any entrepreneur opportunity. I hope this information helps!

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Thursday, December 10th, 2009

Will Your Entrepreneur Opportunity Be Successful? Only Research Will Tell.

researchThere’s a lot to be said for doing business in a way that earns people’s trust and respect. Here’s the story of a guy who failed at his first entrepreneur opportunity, but developed such good relationships with his contacts and employees that the same employees came to work for him in his new business – despite the fact that he hadn’t been able to pay them when his first business closed down.

I’m generally not a big fan of the idea that you have to fail in order to succeed. Nor am I in agreement with the statement made in the article that you have to go into business thinking there’s a 50% chance it will fail.

That said, what does it take to have something closer to a guarantee of success? What it basically comes down to is research.

Here’s a good example: The person featured in the article said he couldn’t find a way to make his business viable. He was selling used moving boxes, a great entrepreneur opportunity since this is definitely the right time to open a ‘green’ business. But he found he could not carry the business for the price at which he could sell the boxes, even though sales were very good.

A little research at the beginning – cost of employees, cost of acquiring the boxes, cost of storing and shipping the boxes, business taxes, other business expenses, and so on, would have given him this information in the beginning.

Achieving success takes good planning – market research, projected expenses, income, and so on. There are no guarantees, life is full of unexpected twists and turns, but if you do it, you have a much better than 50% chance of success.

By the way, the fellow in the article now has a new business model, and it is working. Check him out here.

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Friday, December 4th, 2009

Entrepreneur Opportunity – The Early Bird Gets the Worm

Polaris US- Blog #5Way back in the 1600s, the phrase “The early bird catches the worm” was published in a book of proverbs. When I was very young, I thought it meant you should go to work early, or get somewhere before everyone else. But I’ve since learned that the correct interpretation of the phrase is a little broader, and it’s especially applicable to entrepreneur opportunity.

Good ideas are a funny thing. The same good idea tends to come to many people at the same time. I’ve been involved in several things like that. I once worked for months on a project that was delayed for just a few weeks. By the time I could resume the project, someone else had already released the idea. Obviously, they’d had the idea about the same time I did. We both acted fast, but he didn’t delay. Sometimes it doesn’t take much to lose the game. Or, to win.

A good idea seems to float in time until someone takes it and runs with it. And that’s where the early bird comes in. The early bird is the one who runs with an entrepreneur opportunity now. The procrastinator doesn’t get the worm.

Got a good idea? You can’t achieve success sitting on it. Move on it!

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Thursday, December 3rd, 2009

Entrepreneur Opportunity is Obvious When You’re in the Zone

Entrepreneur opportunitySome people wait around for others to present a good idea – an entrepreneur opportunity. But have you ever noticed that when you’re alert and ‘switched on’ ideas come to you a mile a minute? And they’ve been there all along, you just didn’t see them.

Likewise, you can have a problem that plagues you for ages and suddenly, when you’re in the zone, the solution is right there staring you in the face. It’s also been there all along, just waiting for you to see it.

There’s no question that staying in the zone opens the doors to entrepreneur opportunity. So, observing what gets you in the zone is a worthwhile activity. It could be anything from hanging out with your spouse to gardening or playing with your cat. It might be stimulating conversation with associates or going to the gym.

Whatever those activities are, put them on a list and keep it handy. Sometimes, when you’re not in the zone, you won’t remember these little things. All you have to do is pull out your ‘in the zone’ list and start doing whatever strikes your fancy.

Life is rough when you’re pushing uphill. Achieving success is much easier when you’re in the zone.

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Tuesday, November 10th, 2009

Personal Success Lessons to be Learned from the Bailouts

We’re hearing a lot in the news lately about executive pay. Specifically, about executives who make more money in a year than most people will make in their lifetime – even those considered well paid – while making blunders so severe that millions of employees lose their job, their pension, their savings, their home, and their hope. I don’t know about you, but that’s certainly not what I had in mind when I set my sights on personal success as an executive.

Some people support the bailouts, some don’t. But even the staunchest supporters are generally motivated by saving jobs and the economy, not by a desire to keep executives rolling in dough after having let their company go under.

However, to be fair, not all executives from all of these companies are to blame. Many of them, I’m sure, tried to do the precise things that were needed to avert disaster but were stonewalled, or shot down in flames by guys with bigger guns. We’ve all been there – and it’s often why people choose an entrepreneur opportunity over ‘employee’ as the road to personal success.

Ironically, it’s probably the guys who tried the hardest who are losing the most sleep. They feel the weight of their failure and the consequences but, really, they were the best the company had.

Lessons to be learned? Sometimes the guys who make the most noise are more than just squeaky wheels. And, from the other viewpoint: You don’t have to go down with the ship. Sink your oars into more friendly waters.

Keep these in mind on your road to personal success.

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Wednesday, October 14th, 2009

Entrepreneur Opportunity Fell Into Their Laps

SlinkySometimes you hear stories about great moments in business history. Of course there are the cutthroat stories and betrayal stories but sometimes there is a gem that just makes you smile.

An entrepreneur opportunity sometimes just leaps out at you, literally. In 1943, Richard James was a navy tool worker in Philadelphia, when he saw a torsion spring coil fall off a workshop table. Later at home, he played around with it and decided to try turning the coil into a toy. Coming up with a name for the new object of merriment, his wife, Betty, flipped through the dictionary and found the term “Slinky” — a Swedish word for sleek and sinuous.

It took them two years of testing various gauges of steel to find the perfect material and length and by Christmas 1945, the new toy was ready for the market. The couple made 400 units, which they put on display at a Gimbel’s Department Store for $1 each. Within an hour they were sold out. With the proceeds, they launched the James Spring and Wire Company, later renamed James Industries. Since then, more than 250 million Slinky’s have been sold worldwide — many still manufactured on the original production line.

The entrepreneur opportunity of a lifetime presented itself when a tool worker was inspired to create fun out of a piece of rusty mechanical detritus. And since 1945 they have been making kids and adults smile somewhere in the world, everyday. What a business!

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Monday, July 20th, 2009

Entrepreneur: A Self-Reliant Approach to Life

Blog 1 imageThere was a time when people in one part of the world dreamt of a place where they could do what they wanted to do without the intrusion of arbitrary agendas and America was born, the land of opportunity. People, for centuries now, have come to this society looking for the opportunity to flex their –muscles and become an entrepreneur.
Self-reliance and self-determinism are some of the founding principles that this society was built on. And the results have been so spectacular for those who choose to participate. -This free-enterprise socio-economic way, has been duplicated and/or replicated in other parts of the free world.

In recent history, we can clearly see, people from various cultures, some very different than America, embracing the same entrepreneurial spirit that many people in this country have enjoyed for years. And yet, right now, the entrepreneur opportunity is greater than it has been in decades.

No longer a whimsical choice for a mere benefit of having been born into the land of opportunity; now, through necessity, people right here in America and throughout the world are looking for opportunities to take a more self-reliant approach to their income, their lifestyle and how they provide for their families.

This is a very good thing. Often, we find that people make great strides in times of great necessity. I have personally witnessed people who have gotten results that boggle the mind…results which many might call “transformational”. But when we are talking about entrepreneurism, these self starters often expect remarkable or “transformational” results.

People become very effective when they put themselves on a mission to create, for themselves, the realization of their goals and aspirations. The magnitude of the difference in effectiveness between the modern entrepreneur and his/her salaried counter-part is spectacular…spectacular meaning something to witness for yourself. And if you’re already an entrepreneur, you do see it yourself.

In our current socio-economic climate, there is no competition for the man or woman who chooses to take an entrepreneurial approach. Their ability to earn, their personal effectiveness, and their peace of mind (yes! their actual happiness) is benefited by them being that person who in the face of any and all circumstances stands up and says, I will not be denied! And this, my friends, is the attitude of the true entrepreneur.

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