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4 Signs It’s Time to Abandon Ship

4 Signs It’s Time to Abandon Ship

We hear it all the time, successful people stick to it. They don’t give up. They try, try again. But sometimes in spite of all that effort, success is still elusive. What should you do? It may be time to abandon ship!

Click the player to listen to this episode of The BIGG Success podcast. Find the summary below.

In our last podcast, we said that persistence is the single most important ingredient for your success. If you persist long enough, you’re sure to succeed! However, you have to be smart about it. There are 4 signs it’s time to abandon ship – some are internal and external.

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Do You Need Industry Experience to Start a Business?

business people meeting with blog post title do you need industry experience

Is industry experience helpful or harmful to budding entrepreneurs? We share three reasons it can help and two times when it can hurt.

On The BIGG Success Show, we discuss whether or not industry experience is necessary when starting a business. Here’s a summary of that discussion.

“Stick to what you know.” You’ve probably heard that phrase before. But does it apply to entrepreneurs?

You probably won’t be surprised to hear that it’s less risky to start a business in a field in which you have experience. But it necessary?

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Successful Entrepreneurs Push to the Point of Inexperience

push to the unknownSome people can’t get a job because they don’t have enough education. Other people have the education but they can’t get a job because they lack experience.

You don’t need an education or experience to be an entrepreneur. They both help but no amount of education or experience, outside of actually entrepreneuring, can prepare you for entrepreneurship.

The place where learning occurs

For entrepreneurs, the best education comes from experiencing inexperience.

Sounds strange, doesn’t it? Here’s what we mean:

You learn when you push past what you know into the unknown. Granted, you may fall flat on your face, but entrepreneurs who reach BIGG success keep pushing.

The ongoing cycle that leads to innovation

It’s an ongoing cycle – you must constantly push yourself to the point of inexperience. You have to dig deep within yourself to find the answers to the questions you are asking for the first time. Innovation comes when you’re able to connect the dots that only you can see.

You may discover a need for a new product or service. You may find a way to upgrade an existing product or service. You may offer a product or service through a new distribution channel.

That’s what we recently did. We developed an e-learning center for Chambers of Commerce to offer their members as part of the dues they already pay.

We launched in November. We had spent months at the point of inexperience.

We still find ourselves at that point every day. We have a lot of experience behind us but we’re still learning as we push past what we already know.

Side note: Currently, we are only offering this program to Chambers in the United States. If you’re part of a Chamber that doesn’t offer it, or you know someone who works at a Chamber, we’d be so grateful if you’d let us know. E-mail us at bigginfo@biggsuccess.com.

Exciting and scary and chaotic

Experiencing inexperience is an ongoing cycle. It’s exciting and scary at the same time. You push yourself to the point of inexperience. It’s a little chaotic for a while. Then you learn enough and gain enough experience to get things stabilized.

Experience inexperience! You must push to the point of inexperience again and again or you won’t grow. If you – the entrepreneur – don’t grow, neither will your business. Growth brings BIGG success!

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Are Entrepreneurs Born or Made

entrepreneurs born or made

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?

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!

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!

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00515-110409.mp3

(Image by Brittany G, CC 2.0)

When Your Dream Becomes a Nightmare

turmoilWe hear a lot about developing contingency plans in case reality doesn’t live up to our expectations. But we don't often don't think about having a plan in place in case we succeed beyond our wildest dreams!

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It sounds funny to think about it that way, but your bigg dream can turn into a nightmare in both cases – coming up short or succeeding wildly.

Talent in triumph

We’ve recently seen an example of this with Susan Boyle. She walked out onto the stage of "Britain's Got Talent" as a middle-aged Scottish woman who said that she had never been kissed.

She had lived a very simple life, took care of her mother and sang at her local church. She dreamed of having a career in music for 23 years, even putting together a demo with no success.

Then she took a chance and auditioned for the popular TV Show. It was her bigg opportunity and she nailed it. Her life changed from the moment she began to sing "I dreamed a dream."

The whole world loved Susan!

Talent in turmoil

She became an international singing sensation overnight, going from obscurity to sudden celebrity. She couldn’t anonymously walk over to her local church any longer without a swarm of paparazzi tailing her.

No more quiet at home. Her phone rang off the hook. Everyone – from news outlets to fans – wanted to talk with Susan now.

It took a tremendous toll on her emotional state. Although she smiled for the cameras most of the time, she had a couple of incidents that made her appear unstable.

She was overwhelmed and exhausted by being thrust into the spotlight. In a recent interview on Today, Susan said, “[The] impact was like a demolition ball."

Before long, she started skipping scheduled appearances after her run on the show ended. People questioned her health. They wondered if she had what it took to be a star.

Her bigg dream had turned into a nightmare.

Crossing the line

There’s a dividing line when bigg success is at our fingertips. Will we accept it and move over to the new life of which we dreamed? Will we navigate the road less traveled and keep moving on to bigg success?

Or will we be afraid to cross into the unknown? Will we allow self doubt to hold us back? Will we tell ourselves we don't deserve this bigg success?

You have to plan for bigg success so you’re mentally prepared when you reach this point. How do you prepare?

Visualize it.

By picturing it clearly, you’ll be ready for bigg success when you reach it. You’ll also be more likely to get there! Use all your senses to experience it as if it had already happened.

Build a support network.

Surround yourself with people who care about you and believe in you. Associate with people at the level you’re trying to reach. Let them guide you on your way to your bigg dream and reach out a hand once you've made it.

That's what Susan Boyle finally did. As she said on Today, "I've got to be honest here. I guess I had to get my head around it, but through the guidance of a great team — and they are very good — I was able to see that in perspective and really turn that around.”

Bigg goal-getters work hard every day to achieve their bigg dreams. Make sure you also spend some time planning for that moment when you step into the limelight and shine. That's preparing for bigg success!

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Thanks so much for reading our post today. Next time we’ll discuss what a karaoke party has in common with social media. Please join us. Until then, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00448-072909.mp3

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(Image in today's post by xymonau)