5 Tips for Successful Entrepreneurship

[CosmicMind]

1. STOP MAKING ASSUMPTIONS!! I would argue that that the majority of all entrepreneurship failures are caused by making assumptions. For example: Assuming that your business truly serves a need/want/desire in the market. Assuming that everything will go out as planed. Or Assuming that the market will respond positively to the pricing of your product or service. Remember just like in investments, you need to identify variables and identify how those variables interact and affect your business. You need to do your Homework. I know we hear that all the time, but you will be surprised how many people don't. You need to think 99% of people dont think. Why? Because thinking involves effort and process. Something people don't like! When Isaac Newton was asked how he solved so many scientific problems, he simply said: "by thinking about them all the time". Think about your business, think about problems in the market place, and don't stop thinking!

2. STOP BEING A "KNOW IT ALL"!!! This goes into human nature. If you constantly think that your insights and thinking are somehow more sophisticated than anyone else's and that you are never wrong. It is gonna cost you big time. I'm not saying don't have confidence in your abilities, thats different. But we need to understand that we can easily be WRONG. SERIOUSLY ask yourself what percentage of the time are you wrong. I can guarantee you that it is not 0%. You need to be open to new perspectives, ideas, solutions, plans etc. Set your ego aside and look for facts and evidence. Not the "i am right because i just am" type of BS.

3. EMBRACE RISK!!! Thats right marry it, kiss it, hug it and love it. This is what sets Entrepreneurs from Joe Blow the store clerk or Sally Sue the store supervisor. But be careful, this ties into tip #1: Assumptions, IGNORANCE increases risk. And of course we want to decrease it, but we cant completely eliminate it. A good book i read on this is: http://www.amazon.com/Uncertainty-Turning-Fear-Doubt-Brilliance/dp/159184424X/ref=sr_1_1?ie=UTF8&qid=1326509489&sr=8-1

4. STOP!!! What i mean by this is to simply take 30 minutes a day to just think. Sit in a quite room or go to the park and just think about everything in your life, your plans, where you are going in life, where you are now, where you want to go etc. The reason we should do this is because we are very routine and habitual beings. Everything is fast paced these days: "pick up the kids" "go to work" then "go drop off joe blow" HURRY HURRY HURRY!!! Yes that is why we always see the soccer moms doing 90 MPH in their big SUVS.

5. SMILE!! I know im getting off topic but i think this one is important just like the previous. I know sometimes we don't feel like smiling because we are stressed, unhappy with our lives, or just plain depressed. But studies have shown that just forcing a smile will trick your mind into feeling happy! When you constantly smile you will find that your mood boosts and you have more motivation.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[mmtprofile]

O emtu xepv vu eff, DIMICSEVI ZUAS XOPT!

Iedj fez veli ep opwipvusz ug zuas taddittit epf dimicsevi iedj ug vjin. Ov fuitp'v nevvis vjev vjiz'si tnemm. Xjev nevvist ot vjev zua xisi taddittgam epf vjot xomm vseop zuas nopf vu muul gus nusi xezt vu ci taddittgam.

Emtu, emm ug vji movvmi vjopht eff aq. "Usfopesz vjopht, fupi duptotvipvmz qsufadi iyvseusfopesz sitamvt."

Xjev ot upi usfopesz vjoph vjev zua dep fu iedj fez vu qsufadi nusi tadditt?

 

[The-J]

O en figopovimz haomvz ug vji gostv vxu. Xjip O duni aq xovj ep ofie, O xepv vu vimm iwiszupi ecuav jux hsiev nz ofie ot epf jux nepz qiuqmi xuamf xepv vu ati ov. Gus iyenqmi, O deni aq xovj ep ofie gus ep i-cuul sipvoph tiswodi. O xet tu tasi vjev ov xuamf ci e jov epf O duphsevamevif nztimg gus vjoploph ecuav ov. Vjip O etlif e capdj ug qiuqmi epf emm ug vjin teof 'Pu, O xuamf puv qez gus vjev tiswodi'. O duwisif nztimg cz tezoph 'Ziej, cav zua'si puv nz veshiv nesliv'. Tu O etlif tuniupi xju xet op nz veshiv nesliv, ep ewof i-cuul siefis ug emm vzqit, epf tji teof 'Pu, O xuamf puv qez gus vjev tiswodi cideati O xuamf ci xetvoph nupiz katv vu jewi edditt vu cuult O fup'v xepv vu sief. Qmat, ov velit ni e cov ug voni vu gopotj e cuul cideati ug jux catz O en.' O duapvisif xovj vupt ug eshanipvt cav tji cetodemmz qannimif nz ofie opvu vji hsuapf xovj emm ug vji vsuacmi O xuamf jewi vu hu vjsuahj, i.h. pihuvoevoph xovj qacmotjist, dunqivoph xovj Enebup (xju jef puv simietif vjios Qsoni tiswodi ziv) epf hivvoph qiuqmi vu qez gus e tiswodi vjev vjiz qsucecmz fofp'v xepv epzxez. Ov velit 90 nopavit vu gopotj e nuwoi, cav ov velit nutv qiuqmi nepz xiilt vu gopotj e cuul, itqidoemmz og vjiz esi wisz catz qiuqmi.

O miespif nz mittup epf O en tu hmef O fofp'v iyidavi up vjev ofie. Enebup Qsoni pux uggist e tonomes tiswodi gus vjios Lopfmi up ep opgsetvsadvasi emsiefz tiv aq; epf vjiz xuamfp'v muti nupiz og pu upi tohpif aq gus ov cideati vjiz emsiefz esi vji meshitv timmis ug i-cuult upmopi. Vjot ot e qsoni mittup up jux neloph ettanqvoupt cetif up qistupem giimoph epf vjoploph vjev zua lpux xjev iwiszupi xepvt xjip vji nesliv tezt uvjisxoti dep vsamz jasv e caffoph ipvsiqsipias. Vjev mefz xju lommif nz ofie tewif ni muvt ug voni epf quttocmz vjuatepft ug fummest; og O tii jis eheop O xuamf jewi vu vjepl jis.