I hear this all the time from folks who have become too scared to try the entrepreneurial path. These people created a business once, and it did not succeed. From one failure, a conclusion is reached that entrepreneurship is never to be pursued again. [Read more…]
Beliefs versus knowledge
If I were to attempt to convince you of the smell of a wonderful perfume, you would perhaps listen, but you would still have your doubts. If I showed you pictures of the beautiful bottle that housed the perfume, and had hundreds of people testify as to the wonderful scent, you might become more convinced, but your doubt would still remain because you haven’t smelled it. You might accept the truth of the scent from me, but until your nose experiences the aroma, your truth is only a belief based upon my truth and my experience. [Read more…]
Half of a great product, or a half-great product?
One of the things small entrepreneurs lack is time. Another is money or cash flow. And most commonly, small entrepreneurs are short on both time and money. [Read more…]
Will education make you successful?
You discover an interesting phenomenon when you study the lives of successful entrepreneurs. While some of them may have postgraduate degrees, and impressive records of academic achievement, many do not. Quite often, you find that these individuals utilized non-traditional means of educating themselves. [Read more…]
Is this any business of yours?
The genesis of a new entrepreneurial venture comes from one of two sources. Either the entrepreneur has a great idea, and decides to create a business from it, or wants to start a business and needs an idea. [Read more…]
Are you a commodity?
As a small entrepreneur, you can sometimes be overwhelmed by the amount of competition in the marketplace. How do you make yourself and your company stand out? This is especially problematic if what you are selling is a fairly common product or service. [Read more…]
Are you wearing golden handcuffs?
A subtle element to overhead is what many professionals call the “golden handcuffs.” If you are a doctor, lawyer, accountant or other similar service provider, you may be expected to project a certain image. Expensive clothing, flashy jewelry, or late-model high-end automobiles may be part of the game. [Read more…]
Do you stink at estimating?
Ever budget a figure for your medical expenses and find later that you’re way off? Or, estimate the amount of time it will take you to pull weeds in your backyard or build that new deck and wind up spending far more hours than you thought? [Read more…]
Go out and succeed wildly!
Remember, only you can decide how to operate your business, and what steps you need to take to make it a success. And isn’t that the American way, and the American dream? [Read more…]