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Are You Ready to be an Entrepreneur

business_timingAre entrepreneurs born or made? That was the question posed in a great article we saw in The Tennessean not long ago. The author concludes that entrepreneurs are born from experiences.

We agree. Entrepreneurs are not born. They are created from life experiences.

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Here in the U.S., we’re fortunate that our culture fosters entrepreneurship – probably more today than in generations past. It used to be that entrepreneurs were considered renegades. They were the people nobody would hire so they didn’t have a choice.

Now entrepreneurship is a lifestyle option that even the most qualified people make. So what motivates people to strike out on their own?

Career events

Franchisors often see a spike in demand in an area where layoffs are happening. Sometimes we don’t come to entrepreneurship; it comes to us.

It may be career frustration. Many people start their own business because they’re bored with their current occupation. Perhaps they feel like they’ve topped out. They’ve gone as far as they can in their current career so they decide to start something of their own.

Personal motives

Art Williams, the football coach who became a billionaire by building his own insurance business, said he was just “sick and tired of being sick and tired.”

W. Clement Stone, who built an insurance dynasty in the depths of The Great Depression, cites inspirational dissatisfaction as the source for many great achievements.

How do you know you’re ready to start?

Entrepreneuring is a process. Like any process, there has to be a starting point.

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georgeThe desire to be my own boss just consumed me. I had this feeling in my gut that I just couldn’t get rid of. I couldn’t stand not owning my own business. This desire just ate me up and spit me out every single day that I wasn’t in business for myself.

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marylynnFor me, it didn’t seem that the opportunities I needed in my corporate career were there any longer. I just couldn’t get where I wanted to be if I didn’t strike out on my own. It was a very, very difficult decision. It was incredibly emotional. But looking at my industry now, I’m glad I jumped into entrepreneurship when I did. r?

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The battle between two fears

We think it comes down to fear. The general population has an overwhelming fear of failure.

Entrepreneurs have a fear of not trying. They just have to know what would happen if they just tested their bigg idea.

You’re ready to be an entrepreneur when your fear of not trying overcomes your fear of failure.

You reach a point where inaction or delay is just not acceptable any longer. You have to go for it. You have to take your shot at bigg success!

How did you know you were ready to strike out on your own?

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

Thank you so much for reading our post today.

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Please join us next time when we’ll discuss the trap that keeps people from striking out on their own. 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/00480-091409.mp3

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Think Like an Entrepreneur

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The One-Minute Layoff

watchWe have a friend who was recently let go from a company for whom he had worked for nearly twenty years. The entire conversation with his supervisor took less than a minute.

To clarify the situation, he was one of twenty or so people who lost his job that day at the local branch of a large company. This scenario was repeated over and over again at all the branches of that company as they responded to low earnings.

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So here’s our first question:

Why do corporations treat humans inhumanely?

In most businesses, people are the most precious asset. So why do corporations act like they’re not. And let’s be clear here – corporations don’t do anything. They can’t. It’s humans who treat humans like this.

It’s the managers within those companies who are doing this. It’s probably their managers, or their manager’s manager, who insists that it be done.

Managers within companies are being asked to do more and more with less and less. So some people get laid off. In many, if not most cases, they’re good employees who just happened to be in the wrong place at the wrong time.

They’re reasonable people who can understand that sometimes tough choices have to be made. They’ve cared for their employer; they expect their employer to give them the same respect.

Which leads to our next question:

Why do companies burn bridges?

We’re told from a young age that we shouldn’t burn bridges. We get upset when our employees fail to give us notice. We think we deserve that much respect.

Don’t our employees deserve respect too?

We also believe that you have to understand the bigg picture. These employees you’re letting go today may be your best candidates tomorrow – if you handle it properly.

These people may be customers, too. They may know people who are your customers. What are you doing to your reputation when you show no respect for your employees?

And what are you saying to the employees who remain? Aren’t you saying that people don’t matter? That the only thing that’s important is this quarter’s earnings?

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He deserved more

Doesn’t an employee who’s been with a company for nearly twenty years deserve more than a minute from his manager when he gets laid off? We think so!

We think he deserved a conversation at least twenty times that long! How about a minute for every year he devoted? Is that asking too much? We don’t think so!

We think he deserved a complete explanation about what was going on and why his position was being eliminated.

We think he deserved to be reassured that he hadn’t done anything wrong.

We think he deserved to know if it was possible that his position would be available again if the company turned things around.

We think he deserved his manager’s best guess about the likelihood of that happening.

We think he deserved to know what resources were available to him to find another job or career, even if the company wasn’t willing to pay for it.

We think he deserved a written letter of recommendation that he could use to find that next position.

We think he deserved to be thanked for all that he had done.

We think he deserved to be treated like a human being!

We think managing is a tough job. But don’t make it tougher by treating people inhumanely and burning bridges. Give them the respect they deserve. Otherwise, you’ll lose more in the long run, as a manager and as a human being. Oh, and one more thing, your company will lose even more than you do.

What do you think?

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Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00437-071509.mp3

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What is Your Thing?

tutors-on-tv.jpgToday we introduced a new segment on The Bigg Success Show – Tutors on TV. You really might enjoy listening because we can’t fully replicate the experience in text!

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One of our favorite TV shows is How I Met Your Mother. On a recent episode, two of the characters, Barney and Marshall, were discussing that there could be more layoffs at the bank at which they both work.

Barney says he’s not worried about it because he has too much on them. But Marshall is worried.

Barney tells Marshall he needs a “thing” – something that makes him fun and well-liked. Barney points out the guy in Account Services who’s known as “The Food Guy.” There’s “Fantasy Guy”, “YouTube – Clip Guy”, and even creepy “Back Rub Guy.”

After several attempts, Marshall came up with “Sports Guy” – he ran the fantasy sports league at the office.

Although this is a comical way at looking at how to stand out, it probably isn’t going to help you keep your job. But there’s an underlying lesson that will help you build your personal brand.

A memorable characteristic

Our friend, Jay Ehret, The Marketing Guy, recently left a great comment on a show we did about personal branding. We said it was important to have a consistent persona. Jay added that it was also crucial to have at least one memorable characteristic.

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georgePeople tell me all the time that they love my laugh. It’s funny – I don’t know how to develop a good laugh. But I know when I hear anyone in my family laugh, I get a kick out of it. I guess I’m lucky enough to share the same genes.

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marylynnGeorge’s laugh makes people feel good. And he has a natural ability to make them laugh. People love that about him.

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So what about you makes you stand out? For what do people remember you? What’s your thing? It can be as simple as a handshake. You may be sincerely likable. There are a lot of possibilities.

Beyond personality

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marylynnBut it goes beyond personal characteristics. It’s also about what you’re really good at. I think I’m pretty good at audio production. I have experience, but also a real passion for it.

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georgePeople often comment about the production quality of The Bigg Success Show. I tell them Mary-Lynn gets all the credit for that. For example, she created the fun sound effect for our show today as well as all the sound you ever hear on our show.

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You may be the go-to person or the connector – you’ve got a great Rolodex. You may be the person who can lead people others can’t. Once again, there are a lot of places to find your thing.

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Finding your thing

We think you often find your thing where your passions meet your proficiencies. What do you love? What are you really good at? They’re not always the same, but they often are.

If you’re a really humble person, it may be hard to think about what your thing is. But fortunately, there’s a really good solution …

Ask!

Ask your family, friends, and closest associates what they think that thing is for you.

A bigg request

We want to do more segments of Tutors on TV. We’d love it if you help us out. Have you learned a thing or two from a TV show?

Please share that with us by leaving a comment below, calling us at 888.455.BIGG or sending us an e-mail at bigginfo@biggsuccess.com.

We thank Jay for sharing his fantastic insight with us. And we thank you so much for reading our post today.

Please join us next time when talk about sharing toys. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

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Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00379-042309.mp3

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How to Turn Down a Promotion

no.jpg Bigg success is life on your own terms. Last time, we talked about how to use the five elements of bigg success to determine if a promotion is right for you.

A lot of people are afraid to turn down a promotion even in the best of times. Now there is even more pressure with the tight job market.

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There may be fear that you’ll become more expendable if you turn down a promotion. You’ll be more likely to be let go should another round of layoffs occur. In some business cultures, this attitude is more pervasive than others.

You may fear that you’ll never be offered another opportunity – that passing up this promotion means that you’re not interested in moving up. You may be interested in getting promoted, but this just isn’t the right time for you.

You may even be concerned that it will change how your boss treats you in your current job. You worry that it will change the attitude your boss has about you.

A graceful decline

You want to live your life on your own terms. If that means this opportunity isn’t right, then you need to find a way to gracefully decline it.

You still want to be viewed as a team player. You don’t want to put your current job or standing in the company at risk. Of course, there’s no guarantee of that, whether or not you accept the promotion.

So let’s talk about your strategy. How should you proceed?

Genuinely thank them for offering you the position

It is an honor and you should treat it as such even if it’s not right for you. Express that to them.

Respect the agenda of your boss

While you’ve thought about your terms and determined this wasn’t a good fit, obviously your boss thinks it is – that’s his or her terms. Be respectful of those terms and try to help your boss fulfill them. How?

Focus on what you can do, not what you can’t do

For example, perhaps you’re willing to accept some additional responsibilities while they train the replacement. You’re willing to take these duties on in the short run; you just don’t want to do it for any lengthy period of time.

Point how it benefits them to keep you where you’re at

For example, your current position may really play to your strengths. You know your job well and you believe you can make a more significant impact by staying put.

Quickly follow up with one or two specific examples

How have you made a difference recently? By helping your boss see how you help the company where you’re at, he or she is more likely to agree that it’s a good idea to keep you there.

Now obviously, this is going to be a very important conversation. So before you sit down with your boss …

Practice. Practice. Practice.

Practice with your significant other or a friend. Practice in front of a mirror. Practice until these five steps and the words you will say are clearly mapped out in your mind.

Life on your own terms is important. It’s also important to help the key people around you live their lives on their own terms. That’s bigg success!

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Would you like more tips and tools to live your life on your own terms?
Subscribe to the Bigg Success Weekly – it’s FREE!

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Please join us next when we talk about what your choice of car may say about you.

Thanks for spending your time with us. Until next time, 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/00375-041709.mp3

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I Just Got Laid Off – Part 3

work We’re wrapping up a 3-part series on what to do if you just got laid off. In Part 1, we discussed the day you learn about your layoff. Part 2 was about the first couple of days after the announcement. Now we want to talk about moving on to your next job.

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We’re moving ahead quickly, but don’t be alarmed if you’re not quite ready to move on just yet. You’re going through a grieving process so it will take some time. Be aware of it, but also look forward to that time in the near future when you start feeling your zest return. If it doesn’t return relatively quickly, you may consider speaking with a professional.

During this time, it’s important to maintain a proper attitude. One of the best ways to do this is by associating with positive people. It’s also helpful to talk with people who have gone through this before. Ask for their advice. Almost everyone really likes to help other people. They can encourage you with their story.

Next, assess your financial situation. Ask yourself how aggressive you need to be in your job search. Map out a timeline. Think about phases.

For example, in Phase 1, you may be able to be very choosy in your job search. Phase 2 may mean you need to find a job soon so you’ll be less selective. In Phase 3, you may freelance or work part-time to get some money in the door. You may find a job in the first phase, but you’ll be prepared in case you don’t. 

Also plan how you will market yourself. Think about what makes you unique? How can you communicate that? What opportunities play to your core strengths?

Obviously, you’ll also need to update your resume if you haven’t already. We found a great site for help with resumes, cover letters, job search and interviewing tips. Check out Resume Help.

Begin to think about how you will explain your recent departure. Practice interviewing with a friend, preferably someone who is a manager who interviews people. Get feedback.

One of the most important things to get on your to-do list is networking. It’s amazing how many people land a new job through a referral. Resist the urge to go into self-imposed isolation. Reach out to everyone you know who might be able to help you. Tell them what you’re looking for.

Have you registered on Meetup to find out about local events of interest to you? Are you on LinkedIn? What about Facebook? Have you joined any social networking groups for your industry? The contacts you make through these sites will be invaluable now.

The good news is that most people who go through this report that they are happier in their new job than they were in their old job. It may take some time, but you’ll land on your feet!

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

___

Thank you so much for stopping by today. Join us next time when we discuss scheduling time to decompress. 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/00334-021909.mp3

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I Just Got Laid Off – Part 1

I Just Got Laid Off – Part 2

The Greatest Miracle In The World

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