Tag Archive: entrepreneuring

The Cold Hard Truth About Entrepreneuring

BIGG Success can be an emotional rideWe love Discovery’s The Deadliest Catch. In case you’re not familiar with it, it’s a show about crab fishing in the brutal Bering Sea.

On the season opener this year, Sig (one of the captains) said something to which we can totally relate as entrepreneurs. But first a little background…

Crab boat captains fish much like entrepreneurs. They develop a theory about where the crab might be like entrepreneurs do with customers.

Based on this theory, they put out their pots – crab fishing code for the baited cages they use to lure the crabs in. Likewise, entrepreneurs use promotional messages to attract customers.

Now back to what Sig said…

He had put out pots but the first run is often disappointing. It’s really about just trying to find out where the crabs are.

On this particular string, though, they hit the jackpot with the first pot. The team celebrated! And then got back to pulling in more pots.

But the tide turned quickly. Pot after pot, they scored zero after zero. No crabs!

Sig said, “It was fun and now it’s not so fun.”

A perfect description of entrepreneuring! Entrepreneuring is a roller coaster ride.

You’re up. You’re down. It’s fun. It’s not. And it’s often a short drive between the two.

It may happen from one day to the next. Yesterday was great. Today sucks. It can even happen from minute to minute when bad news is suddenly front and center.

When you’re the entrepreneur, you often don’t see the good news. Your employees take care of that. You also may not see the little blimps.

No, it’s the big things that hit your desk – the loss of a significant customer or key employee, an impending law suit, or an unexpected bill (e.g. a tax penalty).

The sages say you shouldn’t get emotional about business. But the sages aren’t entrepreneurs. Entrepreneuring is an incredibly emotional experience.

It forces you to reach deep down within yourself, to draw upon resources you didn’t even know you had. It makes you stronger and tougher.

Just realize this – you’re not alone. Every entrepreneur rides this roller coaster.

So when you feel lonely, reach out to a fellow entrepreneur. Reach out to us. We all need to support each other through difficult times.

It will help you get through the down cycle. It’s how you keep pushing.

Remember, the downs are usually followed by an uptick. And the journey is worth it because it ends with BIGG success!

How do you handle the down times?

Image in this post from stock.xchng

The Lottery Entrepreneurs Sponsor

winning your lottery for BIGG SuccessWe’re both addicted to news. And last week the news was full of talk about the mega-million dollar lottery.

Did you play? Millions did as the payoff hit a record level.

Listen to this post! Click a player to hear George & Mary-Lynn on the BIGG Success Show Podcast (Runtime 4:10)

 
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Listen to The BIGG Success Show #797

What would you do with that kind of money? It was the subject of much conversation as people talked about how their lives would change if only…

…my financial situation wasn’t holding me back
…I could buy whatever I want
…I was rich

Then…
…I’d be popular
…I’d be famous
…I’d have everything I ever wanted and more

Millions of people mentally escaped their everyday lives, if only for a short time. They could see themselves getting out of the drudgery, leaving a life of turmoil and stress behind, and living out their dream.

And it’s a positive thing. Many people just assume that tomorrow will be no better than today. To change that, you must first see a brighter future for yourself.

Unfortunately, the masses stop there. But you aren’t part of the crowd. You’re a BIGG goal-getter. You’re a winner.

So you will take charge to create your dream life. You are the entrepreneur of a very important enterprise – your life.

Today, we want to talk about an option you may not realize you have – you can sponsor your own lottery.

Let’s talk about the differences between state-sponsored lotteries and your lottery. For simplification, we’ll just refer to state-sponsored lotteries as “the lottery.”

Fantasies versus reality

The lottery deals in fantasies. As we said earlier, millions of people were thinking about what they would do if they won.

As an entrepreneur, your lottery deals with reality. You help people solve their most pressing problems.

Luck versus a guarantee

The lottery is based on luck. People pay money for the remote chance of winning.

As an entrepreneur, your lottery guarantees that the fortunate people you serve will win. All they have to do is accept the solutions you offer.

No value to most versus value to all

The odds of winning this lottery were about 1 in 176 million. The lottery offers no value to most of the people who play.

They give up their hard-earned money for what turns out to be a worthless piece of paper.

As an entrepreneur, you know that you have to add value in the lives of others to create value for yourself.

You provide the right solution for a small price. So with your lottery, everyone wins!

State-sponsored lotteries capitalize the fantasies of the multitude to reward the few.

As an entrepreneur, you do the exact opposite. Entrepreneurs invest to make everyone’s dream come true. That’s BIGG Success!

What differences do you see between lotteries and what entrepreneurs do?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00797-040312.mp3

Image in this post from Flickr

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