Two Myths That Keep Entrepreneurs from Getting Started

bet on jockeys not horsesThere are two related myths that keep many would-be entrepreneurs from ever getting started:

Hear George & Mary-Lynn debunk these myths on The BIGG Success Show! Click the player to listen.

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It ignores a basic reality – your idea is not nearly as important as your execution of that idea. Being in the “right place at the right time” is great but only if you know what to do with the opportunity.

While our society seems to perpetrate these myths, the professionals know better. Bankers and venture capitalists say they bet on jockeys, not horses.

So think about your idea. But then ask yourself: Can you deliver…

  • hard work smartly?

    It’s the old “1% inspiration, 99% perspiration” thing. Are you willing to do the hard work? Can you prioritize so you’re focusing on your most important tasks? Can you turn sweat into equity?

  • progress daily?

    Results are what you’re really after. But in the earliest stages of a business, you really just need to see progress. Focus on moving forward at least a little bit every day.

  • solutions profitably?

    Thrilling customers by helping them solve a problem is critical. However, you’ll never reach stabilization if you aren’t able to charge enough. You must earn a reasonable return, given your risk, for the time and money you invest.

  • strength flexibly?

    You must be mentally, emotionally and physically tough to be an entrepreneur. You need strength to press on with your strategy in the face of seemingly insurmountable obstacles. At the same time, you must have the strength to admit when there is a better way.

Your idea is important. Today, however, you can test most of them inexpensively. So spend some time fleshing out your idea but then do something with it! You can’t be a BIGG success if you never get in the race.

Do you have an idea but aren’t sure what to do next?

Are you a startup struggling with execution?

Maybe we can help; check out our coaching packages.

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00699-051711.mp3

Image in this post from Flickr

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