entrepreneurial endeavor

Tag Archive: entrepreneurial endeavor

3 Ways to Spend Black Friday to Make Next Year a Success

Written on November 25, 2011 by George Krueger & Mary-Lynn Foster in Personal Growth

The day after Thanksgiving.

Black Friday.

The official start of the holiday shopping season.

Get out of bed in the middle of the night.
Get out to the stores well before sunrise.
Wait for the doors of the store to open.
Rush in with the mass of people gathered.
Fight for the bargains.
Shop ’til you drop.
Come home exhausted.

It’s the Olympics of shopping. And the competition is stiff.

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People invest time and money. Like an entrepreneurial endeavor, the returns are both financial and psychological. You may save money. And you experience a shopper’s high from finding a great deal.

But BIGG goal-getters rise above the crowd. So instead of talking about retailers getting into the black, let’s talk about how you can get into the black, to make more money.

We’ll discuss three ways to spend Black Friday to make next year a BIGG success.

And the best part is…you won’t have to lose sleep or fight the hoards to do any of them.

Spend the day learning

Let the herd spend the day spending their money. Spend your day learning how to make more money.

People in the know tend to have.
People who know not tend not to have.

So go to the library. Do some research online. Read a book.

Browse for ways to improve a specific skill. Check out a new opportunity.

The possibilities are as long as the lines at the checkout. The lines you won’t have to stand in.

Spend the day planning

Instead of chasing deals in the stores, spend your day calculating how to reach BIGG success.

What are your goals for next year? What needs to happen before year end to set yourself up for BIGG success next year?

Start this holiday season figuring out how to make spirits bright next holiday season.

Then sample the eggnog!

Spend the day organizing

Let the crowd place orders. Spend your day creating order.

Get a jump on your year-end organizing. Get your files set up for next year. Get this year’s files ready to put away.

Don’t worry about sorting out the deals from the duds, like the masses. Sort out what you need to keep and what you don’t now. Clear out the clutter instead of creating clutter.

Warning: You may miss a good deal or two.

But you will save yourself time and money. And set yourself up to make more money.

And here’s the bonus: Black Friday only offers one time deals. Spend your day learning or planning or organizing. It will help you get in the black and stay there. Now that’s BIGG success!

How have you made Black Friday a productive day?

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Tags: audioblog, bigg success, black friday, entrepreneurial endeavor, george krueger, goal-getters, holiday shopping, learning, mary-lynn foster, organizing, planning, podcast, the bigg success show, time and money

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Are Entrepreneurs Born or Made

Written on November 4, 2009 by George Krueger & Mary-Lynn Foster in Entrepreneurship

baby-and-adult-hands It’s another age-old nature / nurture question – are entrepreneurs born or are they made? Can the essential skills be taught or do you have to learn from experience?

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Hear George & Mary-Lynn ponder today's question on The Bigg Succes Show! Click the purple player to listen while you read [4:49m]: Play Now | Play in Popup | Download

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There’s a great book by Richard Goossen called Entrepreneurial Excellence: Profit From the Best Ideas of the Experts. He’s lined up some of the greatest minds on entrepreneurship. He concludes that you can be taught some things but entrepreneuring is mostly learned by doing.

The science of entrepreneuring

For years now, colleges have been teaching their students the general principles of management. Colleges apply these principles primarily to managing large companies but the same basic tenets are relevant for entrepreneurs.

Lessons can also be taken away from people who have succeeded or failed in an entrepreneurial endeavor. You may not get the specifics, but you can come to understand the general principles that helped them reach bigg success.

Finally, you can learn to differentiate between a good idea and a good opportunity. There are a lot of good ideas; there are relatively few good opportunities. You can be taught how to determine if your idea is not a good opportunity.

The art of entrepreneuring

However, nobody can teach you how to identify specific market niches and determine whether or not you can pursue them successfully. Experience is the only teacher of this valuable entrepreneurial trait.

You also have to learn how to transform your passion into a valuable tool than can be used to woo customers, employees, vendors, strategic partners, and financiers. This passion will also help you persevere when you face the inevitable obstacles along the way.

You also have to develop an innate belief in yourself. Self-confidence grows with education and experience, but you have to be able to draw deep within yourself as well as upon the support of others.

Entrepreneurship is part science and part art. Learn as much as you can about the science of entrepreneuring before you launch your business. The art is something you can only learn by dipping your toes in the water. That’s the start of bigg success!

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Thanks so much for sharing your time with us today.

Since we’re in the midst of the World Series, next time we’re going to look at some lessons we can learn from baseball about entrepreneuring. Please join us.

Until then, here’s to your bigg success!

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(Image in today's post by ugaldew)