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Becoming An Entrepreneurial Employee

employeesBigg success is life on your own terms. Work is one of the five elements of bigg success. That’s our focus today.

Just a generation or so ago, entrepreneurs weren’t highly regarded. The thought was that they were people who no one else would hire.

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Now it seems that most people want to be an entrepreneur. People think that climbing the corporate ladder robs you of your individuality. You become a mindless worker bee.

People associate owning your own business with freedom. It can be liberating. Picture your typical day owning your own business …

You’re the last one in every morning. It’s not like anyone’s going to fire you. Of course, you’re the first one out the door at the end of the day. You’re the boss! You take long lunches. Most days, when the weather’s nice, you’re out on the golf course.

If only it were true!

The reality for many entrepreneurs – especially those with an early stage business – is you’re the first to arrive in the morning and the last one out the door at night. If you take lunch at all, you may eat it at your desk while you keep working. You’re not out playing golf most afternoons. In fact, you’re doing well when you can squeeze in a little play time over the weekend.

Do you remember the BTO song, Takin’ Care of Business? They said that self-employed people “work hard at doing nothing all day. Obviously they had never spent time with a start-up entrepreneur!

It can be very stressful, particularly when you take on employees and have to meet payroll. You have fixed costs to cover every month. There are so many hats to wear, so many things to do, so much to keep up on. It’s easy to feel like you’re buried in work.

Not exactly the fairy tale we often think about.

We’re purposefully painting a bleak picture. Owning your own business definitely has its upsides, but it isn’t for everyone. Some people are much happier keeping their day job.

However, we think there are synergies between the two. Here are six tips to become an entrepreneurial employee:

Select the right career

Bigg success is life on your own terms. It starts internally. Think about the three P’s – passions, preferences and proficiencies. We have a great personality test in The Bigg Success Store that will help you with this. It’s free!

Now you’re ready to look outside yourself. Entrepreneurs look at 2 C’s – customers and competitors. As an entrepreneurial employee, your customers are potential employers. Your competition is other people who do what you do. You’re looking for a mismatch – too many employers and too few potential hires.

Add value

Don’t settle for being average and ordinary. Set yourself apart from all the other potential hires by becoming an expert in your chosen field. Consistently deliver superior results and you’ll become invaluable.

Solve problems

Take on projects that no one else wants. Be positive. See solutions where others see only problems. If you solve problems, money will follow.

Work!

Entrepreneurs work long hours, especially in their early days. Entrepreneurial employees do the same. If you can’t work a little longer, work a little harder. Spend less time chatting and more time being productive.

Embrace change

Change creates opportunity. So welcome change. Continually reinvent yourself. Think about yourself at this time last year. If you don’t have any new skills, if you can’t add anything more, if you aren’t producing better results … why should you get paid more?

Retain earnings

Save means safe so save and invest. Entrepreneurs retain earnings to fund growth. You’ll save to give yourself the liberty to get out of a bad situation as a last resort. And to help you survive through the inevitable downturns and associated layoffs.

You can choose to be entrepreneurial in the traditional sense or by going the corporate route. You choose because bigg success is life on your own terms.

Do you think employees can be entrepreneurial?

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

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Thanks for reading today’s post. Please join us next time when we’ll discuss a new trend that may affect your retirement. Until then, here’s to your bigg success!

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Direct link to The Bigg Success Show audio file:
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How to Start a Business

green_light.jpgA lot of people have an idea for a business, but they don’t know how to turn that idea into a money-making enterprise. Bigg success is life on your own terms. If that means owning your own business, we encourage you to get started – even if it’s just part-time.

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Talk with potential customers to find out if your idea might make money. Tell them about your product or service.

Ask questions. What do they think about it? Do they like it? What would they change? Is it priced correctly?

The difference between “would” and “will”

Imagine yourself being asked these two questions: Would you buy this product? Will you buy this product?

There really isn’t a consequence if you say “yes” to the first question. However, your pocketbook will take a hit if you respond affirmatively to the second one.

As you talk with potential customers, keep in mind that you’re getting hypothetical answers. It’s play money. Once you launch, you’re looking for real money.

Research is great, but it’s important to understand its limitations.

We have a friend who was a very successful business person before he retired. He had a great solution to the question, “How do I get started in business?” He said:

“Find a customer.”

If you have a customer, you’re in business! What do you do next? Get another customer!

You don’t want to depend on just one to support your business. When you have two customers, get a third.

His advice didn’t end there. Would you like to know when to hire an employee? When you’re too busy to do all the work yourself!

We love it! He had reduced this complex subject down to its core.

So do you want to start a business? Find a customer.

However, there’s something you must find before you try to find a customer:

Find an unmet need

We’ll discuss three ways you might go about doing that:

  • Do you need something?
    This is one of the best ways to find unmet needs. If there’s a product or service that you could really use, you might have discovered an opportunity!

    You may have purchased a similar product or service, but it’s not quite right. You’ll deliver a product that completely meets the need that you’ve noticed.

  • Does someone you know need something?
    It’s the same idea as the first one. The trick here is to listen closely to what people around you are saying.

    You may hear them register a complaint or show dissatisfaction with a product or service. Your two ears may help you find your business!

  • Does your area need something?
    When you travel to other regions of the country or even to other countries, are there products or services there that aren’t offered in your area? There are a lot of examples of people who have done this successfully.

    We caution you to be careful – there are differences in tastes and preferences between regions and countries. However, the world is getting smaller all the time!

So do you want to start a business? Find an unmet need. Then find a customer.

Getting your bigg start really doesn’t have to be any more complicated than that!

If you’re already in business, how did you find your bigg opportunity?

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.

Thanks so much for sharing your time with us today!

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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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Please join us next time when we’ll talk about fun time with family for free. 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/00384-043009.mp3

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Can We Talk You Out of Owning Your Own Business?

questions Intuit, the makers of QuickBooks software, conducted a study of working adults [doc] not long ago. They found that 67 percent think about quitting their jobs regularly or constantly, while 72 percent said they want to start their own business. The number one reason cited for this was to be more passionate about their work.

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The participants were asked who inspired them: Donald Trump (38%) and Hugh Hefner (34%) were the top choices for men; Oprah Winfrey received 66% of the women’s vote.

That response made us think – there are misperceptions of what it means to own a business; what an entrepreneur faces day-to-day. There’s the Hollywood version, but it often doesn’t reflect the real world.

5 common myths about owning your own business


#1 – I won’t have to answer to a boss.

While technically true, it’s not accurate in practice. The reality is that, as a business owner, you answer to every customer by you and your firm. You answer to your banker if you borrow money. The government will require you to do certain things by certain times. As a business owner, you won’t have a boss; you’ll have many bosses!

#2 – I set my own hours.
You’ve probably seen or heard the ads. Just buy this business opportunity – you’ll hardly have to work and the money will just pour in. If only it worked that way! You may enjoy a great deal of flexibility as a business owner. However, you’ll probably work more than you ever imagined, especially in the early stages of your business.

#3 – I can get my employees to do the grunt work.
Many new business owners – formerly part of the corporate world – have trouble adjusting to the lack of resources that are inherent in many start-ups. They were used to having “people” who did certain things. Start-ups can’t afford extra people; many can’t afford people at all! You’ll have to get used to doing a lot of things, if not everything, yourself, even the dirty work.

#4 – I’ll make more money.

Start-ups consume money; there often isn’t much to spare. You may not get a regular paycheck at first. You’ll have to build up the business to afford that “luxury”.

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georgeWhen I was younger, I couldn’t find anyone willing to pay me what I thought I was worth. So I started my own business … I quickly realized that I couldn’t afford to pay me what I thought I was worth!

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#5 – I’ll have less stress than I do with my job.

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marylynn As a first-time entrepreneur, I’ve learned that stress hits from many angles – clients with deadlines, so much work to get done, and worries when things don’t go as planned. I’ve learned to be much tougher mentally and emotionally.

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All of this reminds us of Jackson Browne’s song, The Load Out …“They’re the first to come, and the last to leave, working for that minimum wage.”

In the song, he’s talking about roadies. But we wonder … couldn’t he be describing start-up entrepreneurs?

When your business is in the start-up phase, it’s like a newborn baby. You have to nurture it and care for it until it reaches the point where it doesn’t need you so much anymore. Prepare yourself for a five-year horizon before you start.

If starting a business doesn’t sound so good anymore, we feel like we’ve done our job. You won’t face the financial, and more importantly, the emotional turmoil that comes with a start-up.

However, if you’re now more determined than ever to start a business, you’ve passed a critical test. You can’t be talked out of it. You’ve peered beyond the popular and romantic view of business ownership. You’re starting to see it as it really is. You’re ready to become an entrepreneur!

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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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Next time, we’ll discuss the art of knowing yourself. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

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Is It Lonely at the Top of Your Own Business?

By Bigg Success Staff
07-29-08

Bigg Success in Business

at_the_topIf you believe the statistics, an overwhelming majority of people dream of owning their own business. For many, it’s because they have a romantic view of working for themselves. Owning your own business means answering to no one. You’re the man (or woman)!

But that’s the problem for many … being THE one. It really can be very lonely at the top.

Staying on course may mean changing the course!

You’ll hear all kinds of opinions about your business and your plans. You have to develop an intestinal fortitude like never before. You need to have the courage of your convictions, to press on even when others tell you that you’re crazy.

At the same time, you have to learn when it’s time to change your strategy based on new evidence. To abandon what you thought was the right course for some new direction.

Many entrepreneurs succeed in a business they didn’t start!

They adapt. As they gain new market information, they respond to their customer’s needs and wind up in a completely different business.

But there’s another pitfall. Does the opportunity align with your passion? There’s a reason you started a business in the first place. If the required strategy takes you into an area in which you have no interest, you might be better off with a regular job.

Are you ready to go out on your own?

If this discussion dissuades you from going out on your own … good! It’s better to learn now than after you’ve invested time, money, and emotions in a new venture. Starting a business is tough for everyone, but it’s much harder on anyone who’s not fully committed to it.

On the other hand, if it excites you even more, you may be ready to start your own business. So it’s time to take the important first steps.

The first most important step is …

… get started. A lot of people TALK about starting their own firm, but that’s as far as it goes. Nothing will ever happen unless you get started. Even if getting started means doing more research, then get going!

The second most important step is …

… get a support network. This includes your professional advisors. However, you also need people who have lived what you are going through – fellow entrepreneurs, mentors, coaches. They will help you when the load seems unbearable and keep pushing you when things are going well. 

The next most important step is …

… your next step! Every day in an entrepreneur’s life is a challenge with all the noise. You have to filter through it all to do what’s most important to move your business one more step ahead.

Focusing all your energy every day on what’s most important doesn’t guarantee success. However, it does make the odds a little bit better. 

Hear today’s lesson and laugh on The Bigg Success Show.

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