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What It Really Takes to be a Successful Entrepreneur

push to reach bigg successEntrepreneurs are hard-charging people. We push and push and push to reach our goals. Sometimes – most times – things don’t work out like we planned.

It takes longer than we expected. It costs more money than we budgeted. It may have been a forecasting error. We may have miscalculated the opportunity or chose the wrong strategy.

Overcoming setbacks while mere mortals give up
In the face of these setbacks, some entrepreneurs give up. They will never reach BIGG success.

You’re different. You know that you must press on against seemingly insurmountable obstacles if you want to succeed as an entrepreneur. Mere mortals fall by the wayside.

Successful entrepreneurs find a way to get past it. They may climb over it or dig under it. They may get around it on one side or the other. Or they may just find a way to obliterate the obstacle altogether.

Fighting stress that crushes the average human
But you can’t push forward blindly. You have to learn and adapt and learn and adapt – every step of the way.

It requires you to work harder and longer and smarter – consistently, over time – to win the entrepreneurial game. You will get tired, but you’ll draw on reservoirs of energy you didn’t know you had.

You will get frustrated. You will feel stress that would crush the average human. But you’ll deal with it … because you’re an entrepreneur.

Living out the invisible

A friend of ours often reminds us that entrepreneurs “live out the invisible.” You make the intangible tangible. You breathe life into an idea.

Your work is the manifestation of a dream. Your job is to turn that dream into reality. It’s your calling to create value for yourself by creating value for others … because you’re an entrepreneur!

We face some major challenges in our world today. People are hurting. People need help.

Entrepreneurs are the solution. We need more entrepreneurs. We need you. You can change the world – or at least your corner of it. That’s BIGG success!

Image in today’s post from hisks

A Lesson on Crowds from Glee

tutors on tvWe did another installment of Tutors on TV on the show today. Here’s a summary of the conversation:

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We caught a recent episode of Glee. The phenomenal Jane Lynch plays the hard-nosed, track-suit wearing cheerleader coach Sue Sylvester. Sue also does a segment on leadership and problem solving for a local television station. A quote from that show caught our attention. She said:

"There's not much of a difference between a stadium full of cheering fans and an angry crowd screaming abuse at you. They're both just making a lot of noise. How you take it is up to you. Convince yourself they're cheering for you. You do that, and some day, they will."

Isn’t that a profound way to looking at the crowd? It made us think of our definition of bigg success – life on your own terms.

The crowd could be your friends, your family or your co-workers. It may be people you just met.

There’s a lot of noise out there and sometimes it drowns out the voice that you need to listen to the most – your own!

You'll have those in the crowd that cheer. And those in the crowd that discourage.

You'll have people in the crowd that cheer while they talk with you. Then they jeer when talking about you with someone else behind your back.

You’ll have some individuals in the crowd who will literally call you out. Why are you doing it that way? Why are you doing it at all? Why do you do it differently than everyone else?

You'll also have your own cheerleaders. They lift you up during introductions at networking events. They point to your expertise on social media sites and recommend you to friends and colleagues.

Your crowd will also consist of your competition. They think they can do it better than you. They aren't better than you but they may market better than you.

And there will be those in the crowd who are just plain lazy. They will lie about you in an attempt to beat you.

You can't please everyone so crowd control is very important to help you keep pushing towards the goals you have set for yourself. Here are five tips to control your crowd:

Turn your back on the crowd

Sometimes you just have to turn away and tune them out to stay true to yourself.

Work the crowd
State your goals plainly so they can cheer you on. Make sure they know when you have achieved one of your goals.

Beware of the roar of the crowd
Be careful that you don't become addicted to their praise. Remember you are doing this for you. If you rely on their cheers, you may fall off your path.

Run with the right crowd
Surround yourself with people who are passionate about achieving their goals. We call these people bigg goal-getters.

Stand out in the crowd
Don't be afraid to be different. Show the crowd that it can be done, your way. After all it’s your life on your terms. That's bigg success!

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Would you like more tips and tools to live your life on your own terms?
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Thanks so much for checking in with us today. Please join us next time when we offer up some tips on cutting overhead. Until then, here’s to your bigg success!

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Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00491-092909.mp3

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Now we’ll warn you – these activities require some multi-tasking. We usually suggest less multi-tasking but these are things ideally suited for doing more than one thing at a time.
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Think Like an Entrepreneur

a chess game which has similarities to having to think like an entrepreneur“Failing to plan is planning to fail.” ~ Ancient Proverb.

“Begin with the end in mind. Then put first things first.” Stephen Covey, The 7 Habits of Highly Effective People*.

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In business school, we’re taught to define our goals, given our available resources, and then find the critical path to reach them. This is called causal or predictive reasoning, according to Saras Sarasvathy.

She teaches entrepreneurship at the University of Virginia and is the author of Effectuation: Elements of Entrepreneurial Expertise and recently released an updated version of this book in paperback.

She says that successful entrepreneurs don’t think like MBAs. In fact, they do the opposite. They use effectual reasoning. Entrepreneurs who reach bigg success use the resources available to them. They let goals manifest themselves over time given their creativity, direction and connections.

Entrepreneurs think differently than MBAs

There’s a great article on Harvard Business  site about Dr. Sarasvathy’s research. It asks if MBAs or entrepreneurs are better suited for today’s business realities. Bill Taylor, the author, says it simply:

  • MBAs focus on the upside; entrepreneurs focus on the downside.
  • MBAs assume it’s a zero-sum game; entrepreneurs think win – win.
  • MBAs thrive on certainty; entrepreneurs thrive on uncertainty.

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george I’m even more confused than usual. I just don’t know what to think since I sort of fit into both categories!

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marylynn
Do you feel like you’re getting pulled in both directions at once, George?

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george
I feel like I’m getting stretched like Stretch Armstrong!

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marylynnWell, there is an answer. You just have to know when to use causal reasoning and when to think effectually.

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We define bigg success as life on your own terms. You are the entrepreneur of an incredible enterprise – your life – whether or not you’re an entrepreneur in the traditional definition of the word.

That’s why we think this research is so fitting not just for business owners, but for everyone:

When things are uncertain, think like an entrepreneur.

It appears that, in the years ahead, we need to expect more of the unexpected. Entrepreneurs don’t bother trying to predict the future; they create it.

How do they do that?

They act and adapt.

They use the resources they have to try something. If it doesn’t work, they take the knowledge they gained and try something else.

If it does work, they keep pushing it. As their enterprise grows, when there is more at stake, they may switch to more causal reasoning. Or they may jump ship and start the whole thing over!

Because to many entrepreneurs, the journey is the reward. That mindset often leads to bigg success.

Thanks so much for reading our post today. Please join us next time as we discuss when the dream becomes a nightmare. Until then, here’s to your bigg success!

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00447-072809.mp3

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6 Paths to Financial Freedom

freedomToday is the fourth installment in our freedom series. We’ll focus on financial freedom.

Financial freedom … can you imagine it? To use the lingo from our last couple of posts, it means freedom from money worries or, even better, freedom to choose how we spend and live.

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