So the next time you’re focusing on trying to get it right the first time, remember the second time around isn’t such a bad consolation prize. Isn’t that right McKayla?
Don’t Stop ‘Til You Get Enough
If you are serious about committing yourself to entrepreneurship, you need to be ready to pour everything you have into it. That won’t guarantee success, but it can go a long way.
Sacrifice is both financial and personal
Any entrepreneur needs to understand the stakes of starting their own business. They also need to know how much they’re willing to give to achieve success. How long can you live without an income? How much can you afford to put into your business? How important is family time, and how do you plan to address your personal needs?
Unfortunately, life as an entrepreneur is rough. Running a business isn’t a nine-to-five job. As the head of the company, your job is to make sure things get done, no matter what the personal or financial costs. If that means missing your daughter’s soccer game to do it, so be it.
Adapting on the fly is key. No matter what you do on your end, there’s no assurance that a long line of customers will be chomping at the bit to scoop up your products and/or services. Maybe you’re not looking in the right places. You may have had one target demographic in mind, but if your first efforts don’t yield any success, you might pivot by expanding your borders or going beyond them.
Globalization has been a boon to many companies that have expanded their consumer base by expanding their marketing efforts to new communities, regions, countries and continents. The same technology makes Skype interviews and global conference calls a normal part of business expansion in the 21st century. Even if your initial disappointing performance has you down, it could be that you just haven’t found the right consumer base to establish and grow your business. Continue to make adjustments to your marketing tactics, target market and demographics to see if you’ve simply miscalculated where your services will be most valued.
Last but not least, entrepreneurs need to tap every ounce of patience they can manage if they want to survive the startup phase of their business. Success may not come quickly, and it may not be easy, but being impulsive and/or reactionary is a recipe for disaster. Don’t forget the time you’ve taken to develop your product. If you give up you’re tossing away the time, energy and resources that you’ve invested. Keep pushing.
About the author: Zach Buckley is a freelance writer based in the Midwest. He enjoys exploring developing trends in education, technology and culture. When he isn’t reading or writing blogs, he enjoys sampling good music and good food. Follow him on Twitter! @Zach_buckley
A Golden Opportunity
So the next time you don’t succeed, how will you respond? That determines your impact.
Takeaways from Warren Bennis
– Ralph Waldo Emerson used to ask people he hasn’t seen in a while – “What has become
clearer since we last spoke?”
– Dr. Bennis intellectualizes as defense. People who intellectualize tend not to get
emotional/visceral.
– Freud wrote about 6 methods of defense. A great leader has a great repertoire of defense
mechanisms.
– Know who you are, the effect you have on others and what roles call on you.
– The boundaries of authenticity – one is a limit of the norms of the culture, but also a
personality factor.
– Be authentic to your role.
– An increase of sources of news will make transparency easier
– On what advice you would give the current administration – “Obama has to call on shared
sacrifice; there is a hunger for it from people who live in this generation. Be specific. Ask
for sacrifice”
– Bennis thinks that the people need the voice that FDR provided through fireside chats.
– How do you mobilize communities? Through groups or individual leadership? Both.
– Any structure will work if the people want it.
Bennis is a caring person. He makes eye contact with every person in the room, for an extended period of time, as if looking into your very soul. Bennis ponders and remembers intricate facts about his childhood, people he’s meet and passages he’s read. After our conversation, I thought “this man is exceptional, and different than anyone else I’ve ever met.” What a truly great experience that I’ll never forget.
The Effects of Over-Working
Source: OnlineMBA.com
Risk + Reward
Insights into Finding a Mentor
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The Power of Invisible Business
Guest Post By Josh Allan Dykstra
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Rules.
Emotions.
Biases.
Growing Pains
When your startup is going through a growth stage, new members are being brought aboard and different layers of tasks are created. Now you’re not just responsible for the vision and strategy, but also managing new employees. Here are some suggestions to streamline the process:
Growth is a good thing, but unless you deal the pains associated with it, it can take you down. Don’t lose sight of why the business exists and keep growing forward!








