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    Posts Tagged ‘entrepreneur’

    7 Ways To Be Unreasonable

    Monday, June 28th, 2010

    First decide what you really want to do. What would make work worth working at and life worth living. Then figure out how to do it.

    Most people look to what they know they CAN do as a guide to what they WILL do; I think to get anything important done in the world, you have to look towards what you WANT to do, and then figure out how to do it.

    When most people think about what they are committed to, they consider where they can build a bridge to from where they already are. What would happen if you chose where you wanted to go without considering your current circumstances and then worried about how to build that bridge?

    There is nothing wrong with being reasonable, except that “what is reasonable” is a poor guide to action when designing actions to push the future. Being reasonable will help you feel safe in the sense of knowing that your actions will turn out pretty much the way you expect them to. But it is dangerous in that same sense of producing predictable results; what is predictable has, by definition, been done before. And what has been done before is unlikely to make much of a difference in the future.

    Paul Lemberg

    Seven ways to be unreasonable.

    “The reasonable man adapts himself to the world; the unreasonable one persists in trying to adopt the world to himself. Therefore, all progress depends on the unreasonable man.” – George Bernard Shaw

    “Insanity is doing the same thing over and over expecting different results.” – Rita Mae Brown

    “So what else is new?” – Paul Lemberg

    Being reasonable

    My dictionary defines being reasonable as being rational. Rational, it says, means being reasonable. A vicious circle: I know I’m in trouble already. Going further, reasonable also means being governed by reason; which in turn means explanations, justifications, underlying facts, good judgment, normalcy, plus the capacity for logic and analytic thought. Further, being reasonable means being within the bounds of common sense, as in arriving home at a reasonable hour, and lastly it means not excessive or extreme.

    I’m all for logic and analytic thought, but does following the dictum “be reasonable” sound like a good way to build a breakthrough business?

    The very idea of “being reasonable,” prescribes something restrictive. It exhorts us to remain “within the box,” to do what sensible people would do: not to over commit ourselves, to be cautious, to avoid risks, to hold our trump cards.

    What is the alternative?

    To be unreasonable, of course. Being unreasonable, like it’s more cautious cousin, suggests multiple meanings. Here are seven applications of being unreasonable.
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    Be a Rich Jerk!

    Tuesday, May 18th, 2010

    You want to meet the Rich Jerk!

    Ha – don’t make me laugh. What do you think the chances are of ever getting to meet this 26-year old brat who has more money than you’ve had hot dinners?

    Oh, you want to BE a Rich Jerk?

    Well, that’s a completely different story! I’m going to tell you why.

    A few days ago, I heard about this fellow who had sold a web site and business on eBay for a fabulous sum of money. More than that, he is still running extremely successful online businesses, which are adding to his considerable wealth, every minute of the day. Now, if like me, you’ve built the web sites, made sure that the search engines find them – and then still only make a modest living online, there’s surely something to learn from this guy’s approach. So, I bought the eBook that he wrote and, although it’s only a small book, it has some great advice.
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    Are You Ready To Start Your Own Business? The 4 Key Questions You Must Ask

    Wednesday, April 7th, 2010

    Every year millions of people answer “Yes” to that question and every year that answer costs many of them money, time, confidence, and heartbreak. The Small Business Administration estimates there are 580,900 new small businesses opening each year and that number does not include the small one-person entrepreneurships that pop up every day. However even if you are your business’s sole employee then there is still something to be learned from the SBA’s numbers.

    According to the SBA, two-thirds of new businesses survive at least two years and 44 percent survive at least four years. Two of the key factors in the businesses survival and ability to thrive: the owner’s education level and the owner’s reason for starting the firm in the first place.

    How can you make sure that you are among the winners rather than the losers in this high stakes game? The answer is inside of you. You must ask yourself four key questions to determine whether your own small business will survive and thrive.

    1. Are You Ready

    Have you mentally prepared yourself for the switch from employee (or student or whatever label fits you currently) to boss. You are going to be the one making decisions now about everything from office products to product line. This total control is one of the driving forces behind many people who take the plunge into starting their ownbusiness but it is also one of the elements that drives new entreprenurs crazy. When you start out there is an endless list of decisions that need to be made and new questions crop up every day.

    Even more important you will need to remember that in a small business you will wear many hats. Even if you manage to start out with one or more employees you will each fulfill more than one role in your new business. And if you are running a one-man or one-woman show then you serve in every capacity from file clerk to maintenance crew to salesman to CEO. Can you handle switching from task to task and role to role like that? Are you willing to make those switches?

    Similarly, have you prepared your family and friends for this switch in attitude. Your life is going to change — probably pretty drastically — and that change can have a positive or negative impact on your family life and social interactions. It will make things much easier if your friends and family are supportive going into the process.
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    5 Easy Steps to Determine Your Financial Status So You Can Break Free of Your Job Sooner

    Wednesday, January 27th, 2010

    It doesn’t have to be unpleasant or messy, but it does have to be done. You may be well on your way to building a full-time home-based business or may just be tossing the idea around right now, but having a clear understanding of your current and future financial commitments will play a MAJOR role in your strategic plan for business success.

    Home-based business owners don’t normally wake up one day and say, “Yep. I’m quitting my job today and starting a home-based business.” There is usually a period of time for contemplation, exploration, making the decision, creating a plan, and then starting to execute steps within the plan to achieve the final goal.

    The process can take anywhere from several months to several years before an employee is in a position to walk away from her job to begin life as a full-time entrepreneur.

    Being financially responsible is critical to not only home-based business success, but to create the financial cushion required to transition from being an employee to a full-time entrepreneur.

    Understanding your current financial position is mandatory and doesn’t have to take more than an hour of your time if you follow the five basic steps below.

    1. Calculate how much money you currently have sitting in bank accounts, investments, registered retirement savings plans, GIC’s, real estate, etc. If you were to leave your job today, would there be any form of payout (ie. sick plan credit, pension plan contributions, unused holidays, anniversary pay, etc.)?

    2. Determine how much you earn on a monthly basis either through employment, child support payments, rental properties, dividends, your existing home-based business, etc.

    3. Record your monthly household expenses. Some examples to get you started are:

    - mortgage/rent
    - property tax/house and mortgage insurance
    - utilities (heat/water/hydro)
    - phone/cable/satellite/Internet
    - yard maintenance/snow removal
    - groceries and household supplies
    - vehicle fuel, insurance and maintenance costs
    - medical
    - child care
    - personal care (hair/nails/clothing)
    - entertainment (movies/sports/books/plays)
    - club memberships, publications, etc.
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