Tag Archive: billionaire

Are You Ready to be an Entrepreneur

business_timingAre entrepreneurs born or made? That was the question posed in a great article we saw in The Tennessean not long ago. The author concludes that entrepreneurs are born from experiences.

We agree. Entrepreneurs are not born. They are created from life experiences.

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icon for podpress  Hear George & Mary-Lynn share when they knew they were ready to become an entrepreneur on The Bigg Success Show! Click the purple player: Play Now | Play in Popup | Download

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Here in the U.S., we’re fortunate that our culture fosters entrepreneurship – probably more today than in generations past. It used to be that entrepreneurs were considered renegades. They were the people nobody would hire so they didn’t have a choice.

Now entrepreneurship is a lifestyle option that even the most qualified people make. So what motivates people to strike out on their own?

Career events

Franchisors often see a spike in demand in an area where layoffs are happening. Sometimes we don’t come to entrepreneurship; it comes to us.

It may be career frustration. Many people start their own business because they’re bored with their current occupation. Perhaps they feel like they’ve topped out. They’ve gone as far as they can in their current career so they decide to start something of their own.

Personal motives

Art Williams, the football coach who became a billionaire by building his own insurance business, said he was just “sick and tired of being sick and tired.”

W. Clement Stone, who built an insurance dynasty in the depths of The Great Depression, cites inspirational dissatisfaction as the source for many great achievements.

How do you know you’re ready to start?

Entrepreneuring is a process. Like any process, there has to be a starting point.

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georgeThe desire to be my own boss just consumed me. I had this feeling in my gut that I just couldn’t get rid of. I couldn’t stand not owning my own business. This desire just ate me up and spit me out every single day that I wasn’t in business for myself.

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marylynnFor me, it didn’t seem that the opportunities I needed in my corporate career were there any longer. I just couldn’t get where I wanted to be if I didn’t strike out on my own. It was a very, very difficult decision. It was incredibly emotional. But looking at my industry now, I’m glad I jumped into entrepreneurship when I did. r?

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The battle between two fears

We think it comes down to fear. The general population has an overwhelming fear of failure.

Entrepreneurs have a fear of not trying. They just have to know what would happen if they just tested their bigg idea.

You’re ready to be an entrepreneur when your fear of not trying overcomes your fear of failure.

You reach a point where inaction or delay is just not acceptable any longer. You have to go for it. You have to take your shot at bigg success!

How did you know you were ready to strike out on your own?

Share that with us by leaving a comment below, e-mailing us at bigginfo@biggsuccess.com or calling us at 888.455.BIGG (2444).

Thank you so much for reading our post today.

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Please join us next time when we’ll discuss the trap that keeps people from striking out on their own. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00480-091409.mp3

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Think Like an Entrepreneur

(Image in today's post by tanyah)

Strapped for Cash?

money-in-handA recent trend report from TrendWatching highlighted the increasing number of people who are supplementing their income with a part-time business. This report is full of resources that will help you find your opportunity for some spare cash.

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icon for podpress  Hear George & Mary-Lynn discuss today's topic on The Bigg Success Show! Click the purple player: Play Now | Play in Popup | Download

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It’s no wonder that so many people are jumping on this bandwagon. We’ve seen increases in our health insurance, our property taxes, and more. It sounds like there’s more to come.

The three-income family

Isn’t it interesting, though, that just a few generations ago, most families got by on one income? Then we added a second one in the household with more and more women joining the workforce.

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marylynnI don’t think it was purely a financial decision. It was also about fulfillment for many women, but it certainly helped the family’s income.

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Now a number of people can’t get by on two incomes. They need three or maybe more. If you find yourself in this position, it may be good to ask if all the obligations are really worth it.

Is that life on your own terms – being weighted down by the cost of things you thought you wanted? With careful analysis, you may realize they’re not so important – especially if you find you can’t enjoy life because you’re working so much.

So if you feeling that you need a third income, it might pay to look at your obligations to see if there are areas where you can cut. Spending time finding ways to reduce your obligations might get you further faster than spending that same time trying to make some extra money.

This new trend is about something more important than income.

Many of us now realize more than ever how much we want to be in charge of our own lives. The TrendWatching report mentions that people fantasize about being their own boss, even if it’s just for a few hours a week.

Bigg success is life on your own terms. You’re the entrepreneur of your life whether or not you’re an entrepreneur in the traditional sense.

Some people want to be the boss all the time. According to this new report, that trend is still alive and well. But more and more people are finding ways to be the boss at least part of the time.

They have the security of a full-time job along with the freedom that being in charge gives you part of the time. Freedom with security … what a great combination!

When you find fulfilling ways to make extra money in your spare time, you’re getting synergy working in the five elements of bigg success. If you make the right moves with that extra money, you can accelerate your journey to bigg success, to life on your own terms.

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Would you like more tips and tools to live your life on your own terms?
Subscribe to the Bigg Success Weekly – it’s FREE!

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Turning $3 into a multi-billion dollar business

One way that people are making extra money is by selling their expertise. Another way is by selling, or renting, assets. One clever example of this is ParkingSpots.com, which helps people rent their extra off-street parking spaces.

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georgeI heard Michael Krasny tell his story of the founding of what became CDW. Most of us have probably done business with them. They do a great job. Back in 1982, Michael had a used computer he wanted to sell. The Chicago Sun Times was running a special on classified ads – 3 lines for 3 days for $3. He ran an ad and his phone started ringing off the hook. He realized he had a business here. He was right – within about ten years, the business he started from that classified ad became a Fortune 500 company. Michael Krasny became a multi-billionaire, recognized on the Forbes 400 as one of the richest people in the world! Now that’s bigg success!

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You never know … your idea for making a little extra money may turn into the next Fortune 500 company!

What do you do for extra money?

Share that with all of us by leaving a comment below. You never know … you might earn a little spare cash!

Thank you so much for reading our post today.

Do you think you don’t have enough spare time to make any spare cash? Please join us next time to see how one group people found the time.

Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00366-040609.mp3

Related posts

Creating Wealth in the Next Generation Economy

What’s Hot in 2009: Businesses

The Dirty Truth About Being an Entrepreneur

(Image in today's post by penywise)

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