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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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Don’t Solve Problems Dissolve Them

dissolveBigg success is life on your own terms. There are five elements of bigg success – money, time, growth, work and play. Today we want to focus on time with growth factoring in throughout.

It’s important to look at how you spend your time to determine how to save time. One question to look at is how much time you spend putting out fires.

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Pause and reflect

Certain jobs seem to require more reaction than others. The closer you are to the customer, the more you may respond reactively. If your direct charges are on the front line, you may spend more time reacting.

In those cases, you need to allow for more reactive time as you plan out your day. However, bigg goal-getters try to minimize the amount of time they spend reacting.

So if a large portion of your day is spent responding to situations, pause and reflect. Ask yourself what you can do about it.

It’s possible that nothing can be done about it, but in many cases there is more in your control than you might think. It’s about moving from a reactive mode to a proactive mindset.

That’s the higher order of personal leadership. As a bigg goal-getter, you want more in your tool kit than just problem-solving capabilities. You also want to be a problem dissolver. Here are three ways to do that:

Elimination

The best way to dissolve a problem is to never have it in the first place. Look ahead and try to discover potential problems. If you think it’s likely that you will encounter that problem, dissolve it by eliminating it in advance.

Many future problems can be handled this way. For example, leaders who establish clear expectations for their people eliminate many problems before they ever happen.

Preparation

The next best way to dissolve a problem is to have an answer in mind before you need it. You may have thought about these problems upfront, but it’s more effective to prepare for its eventuality than to eliminate it in advance.

A great example of this is contingency plans. You have a path you’re going down and you’ve determined in advance it’s your best path. However, as new evidence becomes available, you realize that you need to adjust. Planning that adjustment in advance helps you respond quickly if the time comes.

Prevention

Some problems just can’t be anticipated in advance. However, bigg goal-getters dissolve them by solving the problem now and preventing it from reoccurring in the future.

We have a tendency to rush to solve a problem, but oftentimes, with just a little more effort, we can keep it from happening again. Take time to figure out why it happened. Reverse engineer your process to see if you can prevent it in the future.

As the saying goes, “An ounce of prevention is worth a pound of cure.” The best time to start prevention is right after you’ve found the cure. You’re motivated then!

Use that motivation to your advantage to shift your thinking away from solving problems to dissolving them. It leads to bigg success!

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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!

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Thank you so much for reading our post today. Please join us next time as we discuss an emotion that leaders must control. 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/00432-070809.mp3

Related posts

Have A Problem? SOLVE IT!

Solve All Of Your Problems With This Ancient Chinese Secret

Don't Solve Problems Dissolve Them

dissolveBigg success is life on your own terms. There are five elements of bigg success – money, time, growth, work and play. Today we want to focus on time with growth factoring in throughout.

It’s important to look at how you spend your time to determine how to save time. One question to look at is how much time you spend putting out fires.

___

___

Pause and reflect

Certain jobs seem to require more reaction than others. The closer you are to the customer, the more you may respond reactively. If your direct charges are on the front line, you may spend more time reacting.

In those cases, you need to allow for more reactive time as you plan out your day. However, bigg goal-getters try to minimize the amount of time they spend reacting.

So if a large portion of your day is spent responding to situations, pause and reflect. Ask yourself what you can do about it.

It’s possible that nothing can be done about it, but in many cases there is more in your control than you might think. It’s about moving from a reactive mode to a proactive mindset.

That’s the higher order of personal leadership. As a bigg goal-getter, you want more in your tool kit than just problem-solving capabilities. You also want to be a problem dissolver. Here are three ways to do that:

Elimination

The best way to dissolve a problem is to never have it in the first place. Look ahead and try to discover potential problems. If you think it’s likely that you will encounter that problem, dissolve it by eliminating it in advance.

Many future problems can be handled this way. For example, leaders who establish clear expectations for their people eliminate many problems before they ever happen.

Preparation

The next best way to dissolve a problem is to have an answer in mind before you need it. You may have thought about these problems upfront, but it’s more effective to prepare for its eventuality than to eliminate it in advance.

A great example of this is contingency plans. You have a path you’re going down and you’ve determined in advance it’s your best path. However, as new evidence becomes available, you realize that you need to adjust. Planning that adjustment in advance helps you respond quickly if the time comes.

Prevention

Some problems just can’t be anticipated in advance. However, bigg goal-getters dissolve them by solving the problem now and preventing it from reoccurring in the future.

We have a tendency to rush to solve a problem, but oftentimes, with just a little more effort, we can keep it from happening again. Take time to figure out why it happened. Reverse engineer your process to see if you can prevent it in the future.

As the saying goes, “An ounce of prevention is worth a pound of cure.” The best time to start prevention is right after you’ve found the cure. You’re motivated then!

Use that motivation to your advantage to shift your thinking away from solving problems to dissolving them. It leads to bigg success!

___

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 reading our post today. Please join us next time as we discuss an emotion that leaders must control. 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/00432-070809.mp3

Related posts

Have A Problem? SOLVE IT!

Solve All Of Your Problems With This Ancient Chinese Secret

Believing is Seeing – Part 2

vision_boards.jpgToday on The Bigg Success Show, we continued chatting with Christine Kane about vision boards. Last time, Christine shared how vision boards helped her make a u-turn in her career. Now she teaches others how to use them through her retreats and coaching programs. Let’s get back to the conversation …

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marylynnChristine, you’ve identified three types of vision boards. The first one is the “I Know Exactly What I Want” Vision Board. Who should create that one?

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christine_kaneLeft-brained people who get wigged out a little bit by the whole idea of creativity. When they’re at my retreats, they’re the ones shouting, “Who has a picture of an Audi A3?” They’ll put a black dog on there. When you’re in this place – you want a new house or a new job, you want to eat healthy food – you go into the magazines and look for those images. It’s a great way to do it. Some people just throw it up there and that board is done in an hour-and-a-half.

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george
The second one you’ve identified is the “Opening and Allowing” Vision Board.

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christine_kaneThis is my favorite. As I said before, at my retreats, the whole first day is about intention. So women are getting clear on what they want more of. The second day we’re doing all those obstacles. By the time they sit down to do their vision board, they are just ready to speak to their soul – their deeper and wiser self. We know that still part of us. So you go through the magazines really slowly. You find yourself getting surprised at this image or that image. Even when I picked out that image of Celine Dion’s stage, I didn’t sort through magazines trying to find the perfect stage. I looked at it and thought, “Oh, that’s totally the feeling I want.” Some people will go, “Oh I love that car. Wow, I never realized I wanted a Prius but I just realized this speaks to me.” This puts you in touch with a deeper part of yourself. A lot of times our mental imaginings and our egos can run the show and think they know exactly what they want. A lot of times they lead us down paths that aren’t in alignment with who we really are. So the Opening and Allowing board is where you sit down and let the pictures come to you. Then you arrange them. It’s a softer process. Not everyone wants to do it this way. It’s great at my retreats because they’ve really had the time to get clear before we go for that.

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marylynn
I want to do that board. I’m ready!

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christine_kane
I love this board. It’s how I live my life!

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marylynn
Let’s talk about the third type. Christine, you call it the “Theme” Vision Board.

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christine_kaneYeah, like I’ve said, I do this on New Year’s Day. “Here’s my year, my 2009.” Birthdays are a good time to do that. What is the year ahead? The other thing would be if you want a different job or a new place to live or whatever. You make the entire board about that thing. Your marriage. Your family. It’s a great thing to do with anything in your life. You can apply both of the mindsets for the two other boards to this board.

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We highly recommend that you get Christine’s Get Inspired, Live Creative Triple Pack, that includes her e-book (The Complete Guide to Vision Boards), her most requested song (Right Outta Nowhere), and a subscription to her e-zine (Live Creative: Make Your Life a Masterpiece) for more success and creativity tips. It’s all FREE!

Thanks so much, Christine, for sharing your time and wisdom with all of us! And we thank you for reading our post today!

Please join us next time when we share a note from Hank Williams, Jr. We’ll discuss family traditions! 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/00404-052909.mp3

Related posts

Believing is Seeing – Part 1

Make the Grass Greener on Your Side of the Fence

The Single Most Destructive Thought You Can Have

Treating If-Only Syndrome

(Image in today's post from Christine Kane)

Believing is Seeing – Part 1

vision_boards.jpgWe were thrilled to visit with Christine Kane on The Bigg Success Show today. Christine has sold over 100,000 CDs and her songs have been sung by a number of Nashville stars. She was recently featured in First magazine for her innovative strategies for taking life to the next level. If you listen to the show, you can hear part of her great song, “Right Outta Nowhere.

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georgeWe heard you perform live at SOBCon a couple of years ago and I have to tell you … you rocked the boat!

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christine_kane
Or the boat rocked me!

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georgeIt was a little breezy in the Windy City that night.

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What is a vision board?

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marylynnOne of my favorite girlie magazines is First magazine. So, when I saw your picture in the March 30 issue, I said to George, “Look, Christine is featured.” You were talking about how vision boards have helped you achieve your dreams. So, let’s start with, what is a vision board?

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christine_kaneVision boards got really popular after The Secret. I’ve been doing them forever. In the late 90s, a friend of mine was trying to change her career around. I was trying to uplevel my career in music. So the two of us and another friend did them. I ended up getting the house I put on my vision board. It was completely effortless. Then I noticed that, after my shows, I’d end up having a circle of women, and sometimes men, around me asking how to follow their dreams. So I started doing women’s retreats to answer that call. The first day we work on intention. The second day we look at what blocks our intention – the little patterns that come up. So by now they’re deeply connected with who they are, what they want and all their old patterns. After that, we do vision boards. We just take poster board and a huge stack of magazines – I have hundreds of them at these retreats. They grab photos that speak to them. Sometimes they speak to your soul and you don’t know why. Sometimes they are totally in alignment with what you want, like a new house or a new car. I tell them not to get uptight about it. You tend to know which image is right for you. I don’t give huge instructions because I think our creative side – that’s my songwriter side – knows where you’re going to put those images and how you’re going to lay out that board. I like to have people put a picture of themselves in the middle of it. Then you put that board above the desk in your office, your walk-in closet, in your bedroom behind the door. You just let those images be with you every day. The idea behind it is you’re welcoming in new images from a new paradigm that you want to create. That’s the power of our subconscious. As a creative person who has created a songwriting career out of nothing, I believe in the power of these kinds of tools. I don’t put everything on the idea of a vision board, but it’s one of the many ways that we can create better things in our life.

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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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Blocking out mental blocks

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marylynnChristine, let me go back to something you said early on – we have those “blocks.” As you were creating your vision board to help you take your career to a new level, what was a block that you recognized and what was something you put on your vision board to get past that block?

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christine_kaneThat’s a really great question. You have to take this to your own career. For my career, there’s a point where every songwriter, artist, or entrepreneur gets to where they have let the original people who showed them the ropes give them all the “here’s how it is in your business” or “here’s the only way you’ll be able to do it.” I had that and a lot of it was very negative. I was playing at bars. Sometimes I was at a festival playing on a rickety stand. I truly had this mindset that it was the best I could get. I was lucky to be an artist. I sat down by myself to do my vision board on New Year’s Day, which I do every year. Now this was not my first vision board; this was when I had been doing them and really got it. I pulled out the image of Celine Dion on stage in Vegas.

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marylynn
That was quite a stage!

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christine_kaneIt didn’t mean that I wanted to be Celine Dion because I don’t. It represented that I wanted to start playing on stages that are substantial, that didn’t smell like spilled beer, that weren’t a pile of wood thrown together for some make-shift festival that someone put on.

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marylynn
That weren’t rocking!

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christine_kaneExactly! If you’ve ever walked backstage at a great theater, you know what it feels like. You feel those spotlights come on. That image of her stage was the center of my vision board. Literally within six months of doing that board, I got an invitation from a ballet company. They had seen me at a showcase and fallen in love with my music. They choreographed a ballet to my songs. They wanted me to tour with them. The tour lasted for three years. From that point, I was on those stages. We were around the country at performing arts centers. Those spotlights. That strong sturdy stage. After that, a lot of the performing arts centers that I went to with the ballet company had me back as a solo artist. So my career literally did a u-turn. I got more money. I really got what it felt like to have imagined that thing on my board. It required that I get really deeply in touch with what that picture represented to me. It wasn’t just, “Hey I want to be Celine Dion and do cool things.” It was, “What does this stage mean to me?” It means no longer saying “yes” to anything that is less than this image. I really got what that felt like inside of my body.

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Don’t know what you want? Do you know what you don’t want?

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georgeThat’s such a great story, Christine. This was part of the article from First magazine. And by the way, may I say that I’m man enough to read Mary-Lynn’s girlie magazine! One of the things that jumped out at me reading that, and now hearing it again, is that sometimes we get to what we want by, first, knowing what we don’t want.

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christine_kaneOh yeah. You know it’s funny – my retreats have become so popular that I created an online course and then it turned into a coaching program called The Uplevel Your Life Mastery Program. It’s a seven-week program. One of the exercises in the first week is about getting in touch with what you want. So many people say they don’t know what they want. So we start with writing down what they don’t want. That is a perfectly valid place to start. That’s what has to start turning around. That awareness that I didn’t want to play at places where people were drinking. That was my first thing.

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Learn more about Christine and download her free vision board e-book by visiting her site, christinekane.com. Also check back tomorrow when Christine tells us about the three kinds of vision boards.

Thanks so much for reading our post today. 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/00403-052809.mp3

Related posts

Make the Grass Greener on Your Side of the Fence

The Single Most Destructive Thought You Can Have

Treating If-Only Syndrome

(Image in today's post from Christine Kane)