A great challenge an entrepreneur has starting out is overcoming their financial limitations to transform their ideas into reality. Investment doesn't come over night and often than not, you already need a pilot project, prototype or some part of a business developed before you can gain serious consideration.
Giving up the reigns puts someone else in the driver's seat, which is a guaranteed recipe for calamity. Trust me, every pitch you'll make will be challenged... but the longer your maintain control, the more powerful a base (and shield) you build. What's more, you may inadvertently address, even eliminate, someone's genuine concern as your presentation rolls on to its finish.
Let's face it: it's always personal. Even when it's not. Even in business. Every business owner is first and foremost a person and the way we view the world is through our unique human perspective. We put a lot of ourselves into our businesses and careers, and therefore, by default it is personal. Enter the personal brand.
As I've said in this space often, my lessons learned can be profound or simple. They may be revolutionary and new, or old news that needs to be repeated. The point here then, this week's lesson learned is a simple, old one of the value of perseverance. Or put another way: Success knows no substitute for tenacity.
While we cannot make up for the experiences we lack, we can certainly draw from the knowledge of those who have lived before us. Regardless of your age or the stage you are in your life, I believe mentorship is an invaluable tool. There is a reason why maps were created. Imagine a road trip without the aid of a map?
Nothing is normal or weird. Never focus on what the norm is or what is standard procedure. Rules are there for interpretation, unless they accompany jail time. Keep every solution open as an option. Never rule out a possibility because you've put options into "boxes". Unwrap every option like it's Christmas morning.
With technology easily replicated overnight, corporations truly need to address consumer issues rather than paper over them. Whether it is complaints concerning customer service, product reliability or the overall product or service experience, addressing these issues will be critical to maintaining corporate competitive advantages in the future.
The latest stereotype regarding entrepreneurship is that it is populated with 20-year-old master programmers who survive on a diet of ramen noodles. While this may be true of Silicon Valley it is hardly a true reflection of all entrepreneurs. Some may question why anyone in this highly unstable economy would choose to transition from the relative security of a corporate position to the instability of entrepreneurship. The reasons are varied but include the following.
Don't ask customers to fill out paper work or give time or money. For example, with our program for every package of any of our products bought in a community, our consumer (through their purchase) and we at U-Be-Livin-Smart feed a needy individual in that community through a nearby food bank. All the consumer has to do is make the decision to purchase.
Coworking spaces are emerging as the new work environment of choice. Today, shared spaces around the world are bringing increased levels of happiness, productivity and collaboration to their members, and at a price far more affordable than the alternative. So here they are, five reasons to close the door on private offices.
I became fascinated by what it takes for someone to become known for their expertise, and over the past two decades, I've honed the skills of positioning people and organizations as experts. To advance professionally, we all must demonstrate and share our expertise, putting ourselves and our talents into the spotlight.
We know change is difficult, that is no secret, the actual secret is the positive benefits of change in many circumstances. The ability to look at change from the positive perspective could be the difference between a positive fiscal quarter and a potato chip and ice cream binge (not that I would ever do that...)