How To Be An Entrepreneur
By Simon Seymour | November 19, 2009
True entrepreneurs struggle with their business opportunities for a variety of reasons. Among the most obvious are a lack of capital, lack of understanding about marketing, and personnel issues. However, from my own entrepreneurial experience and knowledge of others, there are three major reasons individuals fail in entrepreneurial ventures.
Successful entrepreneurs, in contrast to those who struggle, have learned to separate their roles in life from their self worth or self-identity. They understand that role performance or failure with their own venture is not a judgment of them as an individual. People who tend to equate their self-worth to their composite role identity are inherently risk-adverse and look to maintain the status quo. Being able to differentiate these two identities allows them to be risk
prone vs. risk adverse, a key ingredient to success as an entrepreneur. Individuals who have risked failure, experienced it, and learned from it, have not only learned how to differentiate their role identity from their self-identity, they have learned the lessons of risking and failing. They understand that early failure in ventures is a natural part of successful startups.
Even though much is said and written about goals and plans being necessary for success as an entrepreneur, few people learn the mechanics of successful goal setting and planning. It’s not the plan but the planning that is important, and the goal setting process allows them to develop the confidence to take risks and fail. Successful entrepreneurs are not only goal driven and goal oriented; they have learned to execute the process of strategic and tactical goal setting and planning. Visualizing goals, writing them down and putting together a detailed plan for achievement provides the confidence and motivation to prevail.
Finally, entrepreneurs understand that there is a toll to pay. To be successful in any role in life you must be prepared to pay full price one time. There are really no overnight successes as an entrepreneur. In fact, I’ve heard it said that overnight success generally takes 15-20 years. One of the early tolls that entrepreneurs are quite often forced to face is the “re-making” of themselves that can include growing beyond their current circle of contacts. Since most people tend to stay within their own psychological comfort zone, they begin to lose identity with the risk taker.
To drive a stricter point, the business entrepreneurs are those who lead the innovations in the world of commerce while the social entrepreneurs are those who drive social change in the society. In more ways than one, such definition all the more points out that those business entrepreneurs not only start with any type of business but they do promote change within the business range.
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Building Lucrative Small Businesses
By Vicki Irvin| December 4, 2009
There is a surge in the number of women turning into entrepreneurs. Thanks to the home-based business, women can not only work in convenient timings but they can even gain some freedom. Not only will they get to spend some quality time with their family, they will even be free from possible limitations and stresses confined to the corporate world.
A number of women have gained from the augmentation of home-based businesses which has been possible due to the advent of computers, cell phones, the internet and such others. While you can notice a number of women trying to reap in benefits from such opportunities, building a handy home-based business which can suit your lifestyle requires taking care of a few things.
Lack of focus is something that makes entrepreneurs like you to suffer from fatigue, burn out and lack of sustainable income besides putting off women entrepreneurs from building productive businesses and attracting more clients which can likely pave way to a quality lifestyle. So, stay focused on a small number of things which really count for you so that you can bring about more in little time.
Proper planning is another key ingredient, the absence of which can result in the failure of your small business. You are likely to find that a greater extent of entrepreneurs is more of doers than planners. Take care in getting you a plan that can act a road map for your success.
Consistent and frequent communication with the clients becomes essential since they need to feel that they are in relationship with you. While finding ways to stay in touch with the client can likely make them hire you, inconsistent follow-up with clients can quickly kill your business more than anything.
Narrowing your business niche besides choosing a profitable target market is vital for success in business.
If you have been looking for possible ways to rejuvenate your dying business while also getting some aid in generating thousands of dollars on a monthly basis, Vicki Irvin can help you realize your full potential and live your dreams and passion in ways much easier than you can think of so that you get to enjoy that superwoman lifestyle which you’ve always wanted.