How can you take what you have and escape the gravitational pull of a salary that limits your ability to escape from living paycheck to paycheck?
Undertaking such ventures requires overcoming the inherent fear of leaving the safety of the ground behind, and embarking on a journey of unexpected variables with predictable patterns toward a deliberate destination.
On your (what?)
- What are you selling? what problem are you solving? what’s your mission and motivation? What makes your business unique? Whats your destination? What will success look like for your business?
What are you deeply passionate about? The idea here is not to stimulate passion but to discover what makes you passionate.
What can you be the best in the world at? You can have competence at something but not necessarily be the best in the world at it.
What drives your economic engine?
It is not about building on strengths and competence but about understanding what your organization truly has the potential to be the very best at and sticking to it.
Financial motivation must be tempered by a clear vision of what you want to accomplish and the sheer passion of whatever product you want to bring the rest of the world.
Being an entrepreneur is a mindset not a money-set, if you're venturing into the entrepreneurial world in the hopes of overnight riches, think again.
Taking responsibility for your own success must be foundational if you are to succeed as an entrepreneur.
If you want to shift from expending your energy trying to get off the ground as an entrepreneur, then you must identify your motivation.
Preparation facilitates liberation.
Take action and cultivate habits that will transform your dreams into a business unlike any other, one that uniquely reflects the variety of faces in you personality.
On your (who?)
Who needs what you want to offer? Who will be on your support team? Who might want o invest in your business? Who is your ideal customer?
When you have disciplined people you don’t need hierarchy, when you have disciplined action, you don’t need excessive controls, when you have disciplined thought, you don’t need bureaucracy.
When you combine a culture of discipline with the ethic of entrepreneurship you get the magical alchemy of great performance.
Entrepreneurs channel their ego needs away from themselves and into the larger goal of building a great company.
A great company without great people is irrelevant.
You must not confuse faith that you will prevail in the end - which you can never afford to loose- with the discipline to confront the most brutal facts of you current reality, whatever they might be.
What separates people is not the presence or absence of difficulties but how they deal with the inevitable difficulties of life.
Entrepreneurship/leadership does not begin just with the vision, it begins with getting people to confront the brutal facts and to act on the implications.
On your (Why?)
Why are you starting the business/ company? Why do people need your product or services? Why will the customers come back to your business and refer others to you? Why should they buy from you instead of from one of your competitors? Why will you succeed where other similar businesses have failed?
Entrepreneurial success is fueled by creativity, imagination, bold moves into uncharted waters and visionary zeal.
The answer to be great lies in the discipline to do whatever it takes to become the best within carefully selected arenas and then to seek continual improvement from there.
The single biggest danger in business and in life other than outright failure is to be successful without being resolutely clear about why you are successful in the first place.
Discover your core values and purpose beyond just making money, and combine this with the dynamic of perseverance to stimulate progress.
On your (How?)
How will you operate? How much money do you need to get started and how will you raise the same? How will you market and promote your business? How will you manage cash flow?
When used right, technology become an accelerator of momentum, learn what technologies works best for your business.
It is through consistency overtime, through multiple generations that you get maximum results.
Accumulation of manufacture capital, human capital and the production diffusion and use of new scientific and technological ideas each contributing positively to the contribution of the other lead to economic growth.
On your (Where?)
Where is your airspace; the ideal atmosphere where your business can succeed? Where will your business be located physically? Where will potential customers learn about what you are offering? Where do you want your business to be three years from now?
On your (When?)
When will you start your business? When will you know your business venture is a success? When will you need to re scale your business? When will you consider selling your business?
My take home are few key words, what's your passion being disciplined, and having consistency in the field of enterprenure is quite mportant. Very educative well elaborated and on point thank you.
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