Entrepreneurship Archives

image of sunset for post that ponders when you will be a success

When Will You Be a Success?

November 29, 2011/in Personal Development/by George Krueger & Mary-Lynn Foster

You work and work and work.
When will you be a BIGG success?

Listen to this post! Click a player to hear George & Mary-Lynn on The BIGG Success Show Podcast.

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Day after day. Week after week. You push and push and push.
When will you reach BIGG success?

You try and try and try. Again and again and again.
When will you be a BIGG success?

You learn and learn and learn.
When will you finally reach BIGG success?

You do everything every expert tells you to do.
When will it happen for you?
When will you be able to live the life of your dreams?

Screw that, when will you be able to live like a normal person?
When will you have weekends to yourself?
When can you get at least part of your evenings back?

Success seems so close

At times, success seems so close. You know it is.
But you don’t really KNOW it is. You HOPE it is.

You hope, beyond all hope, that – the next time you pull yourself up, the next time you try again – the next time will bring BIGG success.

So you dust yourself off. You work up the courage. You go for it.

And still you come up short.

Discouragement. That doesn’t even begin to describe it.
You are dejected. You want to crawl into a cave and cry.
You’re so tired. Sleep. Maybe you just need some sleep.

So you struggle to get to sleep. You’re scared. But you finally drift off.

The next day you wake up. You’re still discouraged, but at least that overwhelming feeling that your world was collapsing around you has passed.

You know you have to act. Action crushes worry. So you do act.

Maybe today will be different.
But it isn’t.

So you try again tomorrow.
With the same result.
When will you be a BIGG success?

When doubt enters

You see others succeed. It seems like it came easy.
How did they do it? What do they have that you don’t have?

Maybe you’re just not lucky.
Maybe you were never destined to succeed. Maybe the status quo is your lot in life. Maybe God has conspired against you, instead of for you.

Belief has turned to doubt. You doubt yourself. You doubt everything.

You never knew it would be this hard. If you did, you wouldn’t have tried. But here you are.

You never know

So you keep plugging away. You keep going. You keep adapting.

Because you never know when you will be a BIGG success until you are a BIGG success.

You just know you will. At some point in time.

As long as you don’t quit. History has shown us that people often quit just before success. They finally run out of fuel. They just can’t do it anymore.

A perfect process

This is a game of belief and endurance.

As long as you can maintain the belief you can succeed, you’re still in the game.

If you persevere, you will reach BIGG success. You just don’t know when.

So you must keep pushing. And once you hit BIGG success, you’ll realize how perfect the process is.

Each step of the way, you learned something that ultimately led you to BIGG success.

You’ll recognize that, each step of the way, you became stronger. Your strength enabled you to conquer obstacles that keep most people from ever reaching BIGG success.

You’ll see that the joy is ever bit as much in the journey, complete with all its struggles, as it is in reaching BIGG success.

When will you reach BIGG success?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00757-112911.mp3

3 Things Your Business Must Give You to Be a Success

September 29, 2011/in Business Development/by George Krueger & Mary-Lynn Foster

Entrepreneurs hear it all the time. We’ve been guilty of saying it.

You have to grow your business to be a BIGG success. You have to scale.

No you don’t.

You don’t have to build something large.

You don’t have to hire employees.

You don’t have to go public.

Listen to this post. Click a player to hear George & Mary-Lynn on The BIGG Success Show Podcast.

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[haiku url=”http://traffic.libsyn.com/biggsuccess/00740_092911.mp3″ title=”The BIGG Success Show #740″]
BIGG success is life on your own terms. If you’re fulfilled with the size and shape of what you’re doing, all is good…as long as you’ve thought about three things your business must give you.

Before we get into them, we should note that we’re really focusing on the financial side of your business in this discussion. So you won’t hear warm and fuzzy terms. Just the basics.

And we should emphasize another point:

Your business won’t just give these things to you.

You’ll have to work hard to get them.

With all that in mind, here are the three things your business must give you:

Enough money today

This is the obvious one. Assuming it’s a full-time endeavor, your business has to provide you with enough money to sustain your standard of living.

But what’s not so obvious, perhaps, is that you need to be able to sustain your standard of living in the future too. Your costs will increase. Your business must give you enough money to meet these future costs.

If you don’t want to work more, you must have the ability to charge your customers more in the future when your costs increase. Otherwise, you’ll have a lower standard of living in the future.

Replacement customers

No matter how well you serve your customers, you are likely to lose one from time to time.

Hopefully, your churn rate is really low but almost every business experiences some customer turnover. You’ll need to find new customers to replace old customers who do less business with you or no business at all.

Otherwise, you won’t have enough money today. Your income will fall. So it’s important to continue marketing your business, to continue networking, no matter how busy you are right now.

Enough money tomorrow

Even if you are a solopreneur, you need an exit plan.

You may reach a point where you don’t want to work. You may reach a point where you can’t work.

Your business must give you enough money so you can set aside something for tomorrow.

The three “do somethings”

At a minimum, your business must give you the lifestyle you want for now and the future. If it doesn’t, you have three choices.

We’ll call them “do somethings”.

Do something more

Grow your business by doing more for your existing customers or getting more customers.
Do something additional

Is there another business, perhaps related, that would give the extra something you need. Or could you get a part-time job to fill the gap between what you need and what you’re taking in now.
Do something else

Sometimes you just have to accept that it’s not going to work. Be realistic. But be careful that you don’t give up too early. BIGG success usually comes with a price. You will be required to push yourself beyond what you thought were your limits if you want to reach it.

But you’ll grow so much personally and professionally in the process. And that’s what will lead you to BIGG success!

What do you want your business to give you?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00740_092911.mp3

Image in this post from stock.xchng

Passion at Work and the Two Types of People

August 25, 2011/in Business Development/by George Krueger & Mary-Lynn Foster

We hear it all the time. Follow your passion.

Of course, before you can follow it, you have to find your passion.

Michael Martine (a.k.a. Remarkablogger) published a great guest post by Liz McGowen a while back.

She says you’ll be miserable if you follow your passion. If you turn your hobby into a business or even a career, you’ll come to hate all of them. You can’t combine work and play.

Liz also says you shouldn’t marry your best friend. Now we can debate the wisdom of following your passion, but we fiercely object to this nonsense about not marrying your best friend! It’s worked out very well for us.

Listen to this post! Click a player to hear George & Mary-Lynn on The BIGG Success Show Podcast.

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[haiku url=”http://traffic.libsyn.com/biggsuccess/00730-082511.mp3″ title=”The BIGG Success Show #730″]
The question you should ask

So should you do what you love?

An unequivocal yes.

BIGG success is life on your own terms. Pursuing your passion is an essential part of BIGG success.

But that’s not really the question. The question really is:

Should your passion be your career or business?

The answer is one of the best answers anyone can ever give:

It depends.

It depends on what type of person you are.

Full Tilt People

Full Tilt People have a passion that borders on obsession. A magnificent obsession.

And it’s not a bad thing. In fact, quite the opposite. It’s a BIGG plus.

Full Tilt People love what they do so much that it consumes them. They live, breathe, eat, and sleep it.

If you’re a Full Tilt Person, you should try to build a career or business around your passion.

Of course, there has to be a market for it. At an absolute minimum, you have to make a good living at it today while setting aside money for your future.

Seesaw People

Most people still relish some balance between their personal and professional lives. At any point in time, one side may be up while the other is down. But on average, they are pretty balanced.

If you’re a Seesaw Person, you shouldn’t mix career and hobby.

You can and should love what you do. But you should choose a career that gives you time to do what you love in your spare time.

We’re definitely full tilt people. It doesn’t mean we don’t play. It means we love our work so much that we’re almost always on.

BIGG success is life on your own terms. It’s about discovering yourself so you can design and build a life that fits you perfectly. If it works for you, it works. And it leads to BIGG success.

Are you a Full Tilt Person or a Seesaw Person?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00730-082511.mp3

Image in this post from stock.xchng

5 Ways to Start Your Own Business with Less Risk

July 14, 2011/in Business Development/by George Krueger & Mary-Lynn Foster

So you want to start a business?

But you’re not really a risk taker. What can you do?

You might be surprised to know you’re not alone. The most successful entrepreneurs are excellent risk managers.

So today we’ll talk about 5 ways to start your own business with less risk.

Hear George & Mary-Lynn share the 5 ways to start your own business on The BIGG Success Show Podcast. Click a player to listen.

Subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS | More

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[haiku url=”http://traffic.libsyn.com/biggsuccess/00718-071411.mp3″ title=”The BIGG Success Show #718″]
Start your business part-time

Rather than quitting your job and starting a business, why not start part-time?

Even if it’s not your ideal business, start building a customer base while you still have your regular income.

Your business won’t be burdened with your full salary. You’ll be able to reinvest more so you may be able to grow faster upfront.

Before you know it, you’ll be able to quit your job and devote your full effort to your business.

Get a part-time job

Instead of relying only on your new business to pay all your bills, get a part-time job.

It adds stability to your stream of income. Maybe you can work for your existing employer part-time. Maybe you can get another part-time job to supplement the income from your business.

___

We still do this. I host a daily talk show on a locally-owned radio station. It makes for a busy schedule, but I love radio!

___

In addition to BIGG Success, I also teach entrepreneurship at our local university. I still thoroughly enjoy the interaction with my students.

___

These part-time gigs relieve some of the pressure of owning a small business.

Tag team your startup

If you’re married, can you live on just your spouse’s salary? Or will your spouse’s income cover most of your bills so you can reinvest more profit in your business to make it grow faster.

After you get your business stabilized, maybe your spouse will get the entrepreneurial itch. Your income can help them get started in the same way they helped you.

Find a working partner

You don’t have to quit your job at all to own your own business. Partner up with someone who has the skills and the time for a startup business.

You invest capital. You may also work part-time in the business. As the business prospers, you may eventually leave your job and work in the business. Or you may repeat the process and build a portfolio of small businesses.

Sell your sizzle for a stake

You don’t have to be the entrepreneur to have a stake in a small business. Find an entrepreneur who needs your skills. Negotiate for a percentage of the business in addition to a salary.

There you go – 5 ways to start your own business with less risk.

But remember, you’ll never get to BIGG success if you don’t get started!

If you aren’t sure how to start your own business, shoot us an e-mail at bigginfo@biggsuccess.com or leave a voice message at 877.988.BIGG(2444). Maybe we can help.

Thanks so much for reading our post today. We sure would love to see you here again tomorrow!

Until then, here’s to your BIGG success!

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00718-071411.mp3

Image in this post from forwardcom

Reverse Entrepreneuring the Industrial Revolution Part 2

March 26, 2010/in Business Development/by George Krueger & Mary-Lynn Foster

Last time, we introduced this idea of reverse entrepreneuring the Industrial Revolution and the Information Revolution. We concluded that we’re ready for a new revolution – the Individual Revolution.

There’s a convergence of forces behind this. Let’s look at two of them as an example:

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Social media is on the rise
This one’s a man-made phenomenon. Entrepreneurs now have the opportunity to tap markets worldwide. And they can collaborate with other entrepreneurs around the world. Anybody can go global, creating an individual revolution for media!

We’re at the beginning of a long growth cycle

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