owning your own business

Tag Archive: owning your own business

Becoming An Entrepreneurial Employee

Written on July 10, 2009 by George Krueger & Mary-Lynn Foster in Work

employees Bigg success is life on your own terms. Work is one of the five elements of bigg success. That’s our focus today.

Just a generation or so ago, entrepreneurs weren’t highly regarded. The thought was that they were people who no one else would hire.

___

Hear George & Mary-Lynn discuss today's topic on The Bigg Success Show! Click the purple player to listen while you read: Play Now | Play in Popup | Download

___

Now it seems that most people want to be an entrepreneur. People think that climbing the corporate ladder robs you of your individuality. You become a mindless worker bee.

People associate owning your own business with freedom. It can be liberating. Picture your typical day owning your own business …

You’re the last one in every morning. It’s not like anyone’s going to fire you. Of course, you’re the first one out the door at the end of the day. You’re the boss! You take long lunches. Most days, when the weather’s nice, you’re out on the golf course.

If only it were true!

The reality for many entrepreneurs – especially those with an early stage business – is you’re the first to arrive in the morning and the last one out the door at night. If you take lunch at all, you may eat it at your desk while you keep working. You’re not out playing golf most afternoons. In fact, you’re doing well when you can squeeze in a little play time over the weekend.

Do you remember the BTO song, Takin’ Care of Business? They said that self-employed people “work hard at doing nothing all day. Obviously they had never spent time with a start-up entrepreneur!

It can be very stressful, particularly when you take on employees and have to meet payroll. You have fixed costs to cover every month. There are so many hats to wear, so many things to do, so much to keep up on. It’s easy to feel like you’re buried in work.

Not exactly the fairy tale we often think about.

We’re purposefully painting a bleak picture. Owning your own business definitely has its upsides, but it isn’t for everyone. Some people are much happier keeping their day job.

However, we think there are synergies between the two. Here are six tips to become an entrepreneurial employee:

Select the right career

Bigg success is life on your own terms. It starts internally. Think about the three P’s – passions, preferences and proficiencies. We have a great personality test in The Bigg Success Store that will help you with this. It’s free!

Now you’re ready to look outside yourself. Entrepreneurs look at 2 C’s – customers and competitors. As an entrepreneurial employee, your customers are potential employers. Your competition is other people who do what you do. You’re looking for a mismatch – too many employers and too few potential hires.

Add value

Don’t settle for being average and ordinary. Set yourself apart from all the other potential hires by becoming an expert in your chosen field. Consistently deliver superior results and you’ll become invaluable.

Solve problems

Take on projects that no one else wants. Be positive. See solutions where others see only problems. If you solve problems, money will follow.

Work!

Entrepreneurs work long hours, especially in their early days. Entrepreneurial employees do the same. If you can’t work a little longer, work a little harder. Spend less time chatting and more time being productive.

Embrace change

Change creates opportunity. So welcome change. Continually reinvent yourself. Think about yourself at this time last year. If you don’t have any new skills, if you can’t add anything more, if you aren’t producing better results … why should you get paid more?

Retain earnings

Save means safe so save and invest. Entrepreneurs retain earnings to fund growth. You’ll save to give yourself the liberty to get out of a bad situation as a last resort. And to help you survive through the inevitable downturns and associated layoffs.

You can choose to be entrepreneurial in the traditional sense or by going the corporate route. You choose because bigg success is life on your own terms.

Do you think employees can be entrepreneurial?

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

___

Get the tips and tools you need to be a BIGG success. Subscribe to the Bigg Success Weekly – it’s FREE!

___

Thanks for reading today’s post. Please join us next time when we’ll discuss a new trend that may affect your retirement. 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/00434-071009.mp3

Related posts

Is Work Death

One Career Path Leads to Another

(Image in today's post by rob_gonyea)

0 Comments

How to Start a Business

Written on April 30, 2009 by George Krueger & Mary-Lynn Foster in Business, Entrepreneurship

A lot of people have an idea for a business, but they don’t know how to turn that idea into a money-making enterprise. Bigg success is life on your own terms. If that means owning your own business, we encourage you to get started – even if it’s just part-time.

___

Hear George & Mary-Lynn discuss today's topic on The Bigg Success Show! To listen while you read, click the purple player: Play Now | Play in Popup | Download

___

Talk with potential customers to find out if your idea might make money. Tell them about your product or service.

Ask questions. What do they think about it? Do they like it? What would they change? Is it priced correctly?

The difference between “would” and “will”

Imagine yourself being asked these two questions: Would you buy this product? Will you buy this product?

There really isn’t a consequence if you say “yes” to the first question. However, your pocketbook will take a hit if you respond affirmatively to the second one.

As you talk with potential customers, keep in mind that you’re getting hypothetical answers. It’s play money. Once you launch, you’re looking for real money.

Research is great, but it’s important to understand its limitations.

We have a friend who was a very successful business person before he retired. He had a great solution to the question, “How do I get started in business?” He said:

“Find a customer.”

If you have a customer, you’re in business! What do you do next? Get another customer!

You don’t want to depend on just one to support your business. When you have two customers, get a third.

His advice didn’t end there. Would you like to know when to hire an employee? When you’re too busy to do all the work yourself!

We love it! He had reduced this complex subject down to its core.

So do you want to start a business? Find a customer.

However, there’s something you must find before you try to find a customer:

Find an unmet need

We’ll discuss three ways you might go about doing that:

Do you need something?
This is one of the best ways to find unmet needs. If there’s a product or service that you could really use, you might have discovered an opportunity!

You may have purchased a similar product or service, but it’s not quite right. You’ll deliver a product that completely meets the need that you’ve noticed.

Does someone you know need something?
It’s the same idea as the first one. The trick here is to listen closely to what people around you are saying.

You may hear them register a complaint or show dissatisfaction with a product or service. Your two ears may help you find your business!

Does your area need something?
When you travel to other regions of the country or even to other countries, are there products or services there that aren’t offered in your area? There are a lot of examples of people who have done this successfully.

We caution you to be careful – there are differences in tastes and preferences between regions and countries. However, the world is getting smaller all the time!

So do you want to start a business? Find an unmet need. Then find a customer.

Getting your bigg start really doesn’t have to be any more complicated than that!