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why you should not find your passion in business

Does Passion for Your Business Lead to Failure?

why you should not find your passion in business

As always with our podcast and blog, you can listen to the content or read it. But in this case, we think you might get a kick out of hearing the fun story we share instead of just reading it. Just wanted to let you know. (Click PLAY to listen. Duration 5:13) ~ George & Mary-Lynn

This post was inspired by a great post over at Tech Cocktail called
How Passion Blinds Entrepreneurs. It’s part of their interesting series on The Psychological Guide to Starting Up.

They’re talking about the mental and emotional sides of entrepreneurship. We love it – it’s why we started The BIGG Success Entreprenurturing™ Center. Just like our brains, there are two sides to owning a business – the logical and the emotional.

The Tech Cocktail series is also very timely, since we’re celebrating
Small Business Week here in the United States. But we digress – back to passion talk.

If you’re an entrepreneur-in-the-making, you will often be told to “find your passion.” But we got to thinking…

Does passion for your business lead to failure?

Yes.

Here’s why:

When you start a business – it’s not a fling, it’s a marriage.

Trying to meet an idea

Picture yourself in a crowded bar. There’s you and a bunch of other future entrepreneurs.

You’re all there for the same thing – to pick up an idea.

You look around the room. An idea catches your attention.

You walk over to it and offer to buy it a drink. While you sit there, you get to know this idea a little better.

But there’s no chemistry. So you move on.

You repeat this process again and again. There are a lot of ideas in this bar.

But you’re starting to get frustrated. You’re about to give up. Maybe you’re just not meant for this life. You settle your tab and head toward the door.

Then all of a sudden…

Seeing the hottest idea ever

A new idea just showed up. Your head turns. Wow! You can’t stop looking at this idea.

It’s embarrassing. You hope the idea doesn’t notice. But it does. And smiles back at you.

You stop dead in your tracks. You approach this new idea. You start talking – you can’t believe how much you have in common.

And you just can’t stop staring at it. You can’t help yourself. This idea is hot! By far, it is the most attractive idea you have ever seen. It deserves your full attention.

You and the idea go out on several dates. You’re falling in love. You’ve never met an idea like this one. You just click. Romance blooms.

You commit to this idea. It’s your one and only.

And that’s when the trouble starts…

Falling out of love with an idea

When you were just taking the idea out on dates, you still had your own space. Now you’re sharing space. And this idea has some quirks which just drive you crazy.

The idea doesn’t fit in with the people who you want to help the most. They say they don’t get this idea of yours.

The idea requires more money than you ever imagined. You’re not sure if you can keep it happy. After all, you’re not rich – yet.

The idea also demands more of your time. This idea you’re hitched to is demanding!

The passion you once felt is gone.

You can’t take it anymore. You divorce the idea. Another marriage failed.

But it doesn’t have to go down like this in your business…

As with relationships, passion is the starting point in business. But lasting relationships move from the passion phase – where you don’t see the quirks – to a deeper love – where you clearly see and fully accept the idiosyncrasies.

So take your idea out on some dates. But be sure you’re looking at it without stars in your eyes. When you’re not just in love with your idea, when you truly love it, you’ll know you have the idea you can live with long-term.

And don’t ever forget – love is a verb. So take action. It leads to BIGG success!

Do you think passion for your business leads to failure?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00866-061913.mp3

Image in this post from stock.xchng

The Magical Time to be in Your Own Small Business

Get to 5 for BIGG SuccessIn case you missed The BIGG Success Show on Tuesday, we talked about this being the fifth anniversary of BIGG success. We officially turned five on November 12.

[George] It made me think about some of the best advice I was ever given. I heard it years ago from a very successful painting contractor in our area. I mean, this guy charged the highest prices and still had the most volume.

[Mary-Lynn] I’ve heard this story a number of times. You were in the early years of your carpet cleaning business, George.

[George] Right. And the painting contractor said that – for five years – he sat around just hoping that his phone would ring. At five-years plus a day, it started ringing and never stopped!

[Mary-Lynn] I’ll point out that this was pre-internet as we know it today. But here’s the point we’re trying to make – if you’re in business, you’re being watched.

People – more specifically your future customers – have their eyes on you.

They want to see if you will make it. They don’t want to go to the trouble of starting up with a company that doesn’t make it.

We hear a lot of talk about scale. But longevity is at least as important.

Most entrepreneurial endeavors grow slowly at first. The rapid growth occurs some time later.

You have to find a way – or more precisely ways – to stick it out. You have to persevere.

You have to show the market that you can survive before you thrive. But once they’re convinced, they’ll start beating a path to your door…or should we say website these days!

Five years is the magical amount of time to be in your own small business. So keep pushing! It will lead you to BIGG success!

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The Source of Two Great Business Ideas

Where 2 BIGG business ideas came from | BIGG SuccessWhere do great ideas come from? The answer may surprise you.

Listen to this post! Click a player to hear George & Mary-Lynn on The BIGG Success Show Podcast (Duration 3:00).

iPhone/iPad/Android/Mobile Podcast Player

[haiku url=”http://traffic.libsyn.com/biggsuccess/00831-101112.mp3″ title=”The BIGG Success Show #831″]
Hunting for a BIGG idea

When George De Meshdrahl returned home from a two-week hunting trip, he noticed a cocklebur attached to his dog. An engineer by trade, he was curious about why this object could attach itself so easily.

So he examined it under a microscope and discovered tiny hooks which would catch anything with a loop like clothing and fur. He replicated nature to create the product we know as Velcro.

A BIGG idea at play

Ruth Handler’s daughter was playing with her friends. Ruth noticed that they liked playing with adult dolls more than baby dolls.

Ruth realized the adult dolls let the girls play out what their lives might be like in the future. So she created a 3D model to make the doll as lifelike as possible.

Ruth’s daughter, Barbara, loved the doll which Ruth named after her. Over a billion Barbie dolls have been sold since.

What can we learn from these two BIGG innovators?

3 tips for finding your BIGG idea

  • Be curious

    As a kid, you were curious about everything. As adults, we tend to squelch our curiosity.

    Redevelop your sense of wonder. Ask and ask. Why? Why?

  • Keep your eyes wide open

BIGG ideas don’t come stamped with “Hey, look at me” on them.

They are subtle. They lurk behind everyday events. So act like a great detective and fully observe the scene around you.

  • Don’t shut down

    Like a lot of BIGG ideas, neither Velcro nor Barbie were discovered at work.

    Your greatest inspiration will likely come during downtime. So be alert for possible opportunities ALL the time.

Let work and play walk hand-in-hand for your BIGG success!

How did you discover your BIGG idea?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00831-101112.mp3

Image in this post from stock.xchng

The Only Way to Unite Us and Solve All the Problems of the World

entrepreurs-solving-problems-for-BIGG-SuccessWe face some huge problems in the world. Some of them are of our own making. Some are persistent issues that we haven’t yet conquered.

Click a player to listen to this post! Hear George & Mary-Lynn on The BIGG Success Show Podcast. (Duration 5:22)


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[haiku url=”http://traffic.libsyn.com/biggsuccess/00827-091312.mp3″ title=”The BIGG Success Show #827″]
The problems we face aren’t unprecedented. Our ancestors have taken on problems of similar scope. But we still shouldn’t underestimate the size of our current challenges.

As we look forward to the election here in the United States, we see only one solution to all of these problems. It can be described in one term.

That term doesn’t start with a D. Nor does it start with a R. The one word solution starts with an E:

Entrepreneurs are the key to solving the problems of the world.

We need entrepreneurs like never before:

We need entrepreneurs in the traditional sense of the word.

Entrepreneurs are the economic engine of any economy.

We see people living in poverty. More and more people are giving up. They have stopped looking for work.

The number of people in the labor market in the United States has hit a 30-year low. We’ve witnessed all-time highs in the number of people receiving government assistance, even affecting the most educated.

More and more good people are settling for a life of dependency.

Entrepreneurship is the answer. Yet startups are at
record lows.

And we are feeling the pain: two-thirds of all net new jobs
a
re created by small businesses. Most of those come from firms less than five years old.

And research shows that entrepreneurship begets entrepreneurs:

“…by far the most significant cause of entrepreneurial opportunities is prior entrepreneurial activity.”

Entrepreneurship creates opportunity for an expanding circle of people.

Yes, we need a growing, thriving entrepreneurial economy. We need to create an environment that nurtures it all over the world.

We need to unleash its power. It’s the prosperity solution. The only alternative is austerity.

So entrepreneurship is the single solution with the power to unite us.

We need more entrepreneurs now – to solve problems for customers, buy from suppliers, create jobs for the unemployed and underemployed, increase the tax base and build wealth for themselves and their investors.

These entrepreneurs will then fuel more entrepreneurship and wealth will continue to expand as one entrepreneurial firm spins off from another.

That’s an important note: The pie doesn’t get smaller for anyone. The pie doesn’t stay the same. The pie gets bigger.

But here’s another important note: Wealth is only created by entrepreneurs when they solve a problem or create an opportunity for their customers. Entrepreneurship makes people better off on all sides of the relationship!

We need more for-profit entrepreneurs AND non-profit entrepreneurs.

We need more entrepreneurial politicians.

Are you tired of the same old rhetoric election season after election season? We need politicians with fresh ideas, new alternatives and a BIGG vision.

We need entrepreneurial politicians who argue their own merits rather than just bashing their competition. Isn’t that one of first rules of sales?

Wouldn’t it be nice to see political contests conducted at a level of maturity at least equal to an election for Student Council President?

We need entrepreneurial politicians who under-promise and over-deliver – people who don’t make a promise in the first place if they don’t think they can make it so.

We need politicians who understand the order of value, as entrepreneurs do. First, you create value for others which then creates value for yourself.

Job security for a politician should come from serving constituents, not him- or herself. We know this goes against a politician’s nature, but it is the entrepreneur’s nature.

And what better way to serve your constituents than to create an environment for more entrepreneurship?

We need more entrepreneurial citizens.

The internet is connecting us like never before. It is flattening organizations and decentralizing operations.

As the pace of our lives increases, command-and-control is dying.

So why should we expect it to work with government?

As citizens, we need to understand that the major problems we face will only be solved through grassroots initiatives. We can’t just vote and be done. We must vote. But that’s not enough.

So the bottom line is: We need YOU!

We need you to participate. But more importantly, we need you to lead.

We need you to live up to your full potential. We need you to help others be a BIGG success. And in so doing, you too will reach BIGG success!

Do you think entrepreneurs are the key?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00827-091312.mp3

Image in this post from Flickr

Another Surprising Obstacle to Getting Rich in Your Own Small Business

Don't think about getting rich to be a BIGG SuccessLast time on The BIGG Success Show, we talked about a surprising obstacle to getting rich in your own small business.

Listen to this post! Click a player to hear George & Mary-Lynn on The BIGG Success Show Podcast (Duration 3:20)


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[haiku url=”http://traffic.libsyn.com/biggsuccess/00823-081712.mp3″ title=”The BIGG Success Show #823″]
What’s the obstacle? Money. Ironic, isn’t it?

But it brings up an essential quality of entrepreneurs – you create value for others first to create value for yourself.

Help others and money follows. So you need to be unselfish to be an entrepreneur.

But we also said that this time we’d talk about the importance of being selfish. Because…

When money doesn’t follow

Another surprising obstacle to getting rich in your own small business is placing your interests below the interests of others.

Note the fine distinction we’re making – you have to create value for others to create value for yourself. In other words, solve a problem for someone else.

But that’s not good enough. It’s only the starting point.

Money won’t follow if you never think about it.

So let’s say you know how to solve a problem for someone. Now you have to make sure you can deliver the solution profitably. Otherwise, you won’t create value for yourself.

Because if you can’t, you’ll fail at best. Did you catch that?

Failing is the best option under these circumstances.

If you fail, you can move on to something else. Even worse than failure is feeling trapped in a business that will never amount to much.

You will never get the rewards you deserve for your investment of time, money, sweat and tears. You will never reach your full potential. You will never fulfill your purpose.

Profit is not a four-letter word

Martyrs don’t make good entrepreneurs.
You have to find win-win.

You need to have an equal consideration of interests – yours and your customers. (Along with all the other stakeholders in your business for that matter!)

So you need a product or service that helps customers gain or relieves their pain. But you must be able to provide it at a price that allows you to turn a profit.

Because profit is not a four-letter word! It’s essential.

Value is one of the core terms of entrepreneurship. But the circle of value is incomplete until value is created for you too.

Successful entrepreneurs know that you need to hold these two seemingly opposing ideas in your mind until you find the point of convergence. You have to create as much value as you can for others while simultaneously creating as much value as you can for yourself. It leads to BIGG success!

Do you tend to give too much?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00823-081712.mp3

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