Monthly Archives: July 2011

How to Work Long and Hard and Go Nowhere

fisherman | BIGG SuccessWe were e-mailed this story some time ago. We thought about it when we talked about a bigger boat and BIGG success on The BIGG Success Show earlier this week.

There are various versions of this story floating around. We wanted to share it with you to wrap up the week.

The consultant and the fisherman

A management consultant was on vacation in a small coastal village in Mexico. After his morning stroll, he stopped by a pier to watch the activity.

Before long, a small boat docked nearby. The consultant noted a few large fish in the boat.

He complimented the fisherman on his catch and asked how long it had taken to catch them.

“Just a little while,” the fisherman replied.

“Then, why didn’t you stay out longer and catch more?”

“It’s all I need to support my family.”

The consultant asked, “Then what do you do with the rest of your time?”

The fisherman joyfully responded, “I sleep late, fish a little, play with my children, and take a siesta in the afternoon in my hammock. In the evenings, I go to my favorite watering hole to see my friends, have a few beers, play the guitar, and sing a few songs. I have a full and happy life, senor.”…..

The consultant jeered, “I can help you. I am a very well educated man. Business leaders from around the world call on me for advice. You should start by fishing longer every day. You can then sell the extra fish you catch. With this extra revenue, you can buy a bigger boat. With the extra money the larger boat will bring, you can buy a second one and a third one. Eventually, you’ll have a large fleet. Then instead of selling your fish to the processor, you could open your own plant. You can leave this little village and move to Mexico City to run your huge enterprise.”

“How long would that take?” asked the fisherman.

“Oh, ten, maybe twenty years.”

 

“And after that?”

 

“After that? That’s when it gets really interesting,” replied the consultant with excitement. “When your business gets really large, you can sell shares in your company and make millions!”

“Millions? Really? And after that?” pressed the fisherman.

“After that you’ll be able to retire, move out to a small village by the sea, sleep in late every day, spend time with your family, go fishing, take siestas in the afternoon, and spend relaxing evenings drinking and playing music with your friends.”

And after that?

By this consultant’s definition, this fisherman was already a BIGG success. Make sure you’re not working long and hard to go nowhere.

As you design and build life on your own terms, make sure you ask the same, simple question as the fisherman:

“And after that?”

If the answer leads you back where you are, you know you need to re-think your design.

Sometimes money isn’t the answer.

Sometimes bigger isn’t better.

Sometimes ambition gets in the way of BIGG success.

Image in this post from ZaNuDa

The High Emotional Cost of Entrepreneurship

entrepreneurial terror | BIGG SuccessEntrepreneurs are heroes in our society. They are the BIGG risk takers who move economies faster a speeding bullet.

Entrepreneuring is a glamorous endeavor. Be your own boss. Set your own hours. Pay yourself what you’re really worth.

This is what society thinks life is like as an entrepreneur.

Hear George & Mary-Lynn discuss the real world of being an entrepreneur on The BIGG Success Show podcast. Click a player to listen.

 
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The real world of entrepreneuring

Don’t be fooled. It sucks to own your own small business – at least at times.

You’ll feel stress like nothing you’ve ever imagined.

You’ll be tested in ways you never thought possible.

You’ll dig down to the bottom of your soul to find the strength to continue.

You’ll face doubt about your decisions, your abilities, and your existence.

But that’s just the easy part.

It will also affect your relationships.

Another late night at the office? It comes with the territory.

Working this weekend? Ah, five days a week is for wimps.

Miss another one of your kid’s events? You’ll make it up someday.

Only it feels like someday will never come.

Entrepreneurs accomplish amazing things with limited resources. The price?

It’s an emotional one. But it can be lessened.

You have to learn how to deal with entrepreneurial terror.

Entrepreneurial terror

We first saw this term in an article in Inc. magazine. It’s an old article – a couple of decades old.

But it’s still as relevant today as it was then. We highly recommend you read it.

The author, Wilson Harrell, makes it clear that he is one of us. He says:

“[Entrepreneurship] is unlike anything you have ever experienced before. No longer do you have to be bothered with such ordinary feelings as concern, or frustration, or even fear. Those gentle things are the least of your troubles now. You can put them away as a child puts away toys. From now on, you will be in the grip of a human emotion that the good Lord, or more likely his nemesis, created just for entrepreneurs.”

He goes on to make some great points about entrepreneurial terror:

  • you can’t escape it
  • it’s been kept a secret; no one talks about it
  • it’s a constant companion; it doesn’t go away
  • it’s a nightmare, only you’re wide awake
  • its source is the fear of not standing out, of never being recognized for your work
  • your first experience with it is the worst

The only way to really learn how to handle it is to experience it firsthand. It will seem unbearable at times. But you must keep going.

You will never welcome it but you will come to look at it with the appropriate contempt. If you survive the encounter.

If not, you will face it again when you try another venture. True entrepreneurs just have to be entrepreneurs.

What can you do about entrepreneurial terror?

He says he gets in his car and drives around cursing. We have found that sometimes it is best to handle it on your own.

He discourages sharing it with a friend or a loved one. They can’t possibly understand.

We agree. Of course, in our case, we’re in business together. So we have to at least some of it.

___

Mary-Lynn FosterThis has to be the hardest part of entrepreneurship. I didn’t expect it. But I sure have experienced it. Sometimes it just haunts you. It’s really helped to go through it with George because he’s experienced it for years.

___

___

George KruegerYou never get numb to it. However, you do learn to deal with it more easily. It’s never easy; but it does get easier.

___

We also reach out to our closest friends and family, who are also entrepreneurs. They get it; they’ve been there. Just because most people don’t talk about it.

Another thing we do is hire coaches. We get so much benefit from working with these incredibly bright people. They been there, done that. So they know what we’re talking about.

You don’t have to go it alone. We’ve walked a thousand miles in your shoes. If you’re experiencing entrepreneurial terror, maybe we can help.

Send us an e-mail at bigginfo[at]biggsuccess[dot]com or leave a voice message at 888.455.2444. Tell us a little bit of what you’re going through. We’ll get back to you with some suggestions.

Thanks for checking in with us today. Until next time, here’s to your BIGG success!

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00722-072811.mp3

Image in today’s post from FedePizzi

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