The True Definition of Entrepreneur

The only constant in the business world is change. Many businesses fail. Some struggle to make a small profit. Many are bought out. Few grow into huge global success stories, but the few that do are most certainly being directed by a true entrepreneur.

Every business owner is an entrepreneur. However, entrepreneurs bring key personal traits to running a company that others lack. In addition to developing, nurturing, and administering their start-ups, they actively search for better ways of doing business. They look to the future. An entrepreneur is always on the look-out for the next big development in their respective industry.

Much of the definition of entrepreneur is embodied in the German word; zeitgeist. Zeitgeist means to live in the spirit of the times; in the core of the era. Zeitgeist is the cultural, intellectual, or political climate of a nation or a specific group. Ones level of entrepreneurship lies heavily on this idea, and the ability to take advantage of opportunities it brings to light.

Entrepreneurs strive to find the best candidate for the job. They look for people who are motivated and excited about the business and the work. A true entrepreneur mentors, delegates, and expects excellence from the firm’s employees. When an entrepreneur finds an employee doing something right he or she acknowledges it. Appreciation of the company’s workers fosters productivity, cooperation and loyalty. True entrepreneurs intuitively grasp the importance of a workforce that likes to come to work every day.

Entrepreneurs understands the importance of communication. He or she is open to suggestions and new ideas. The entrepreneur shares information that is necessary to meet the company’s goals.

He or she takes the risks and assumes responsibility for both the good and the bad decisions.

While they are natural risk takers, entrepreneurs are not reckless. They investigate the unique and creative opportunities presented to them. They listen. They ask questions. Facts are considered and information weighed. However, a good entrepreneur will also follow his/her instincts.

The entrepreneurial businessman or woman searches out ideas and concepts that will move the business forward. They are skilled at identifying factors to enhance the business, its assets and its place in the global marketplace.

The enterprise is never permitted to stagnate under old rules and rigid formulas. True entrepreneur’s live in the present, but are always preparing for the future. With that in mind, would you consider yourself to be an entrepreneur?

Startup Law 101 Series – What Every Entrepreneur Should Know About Business Law

The Startup Law 101 Series is aimed at educating founders and entrepreneurs about the basics of startup business law.

Here are my suggestions on this important question.

1. Law is fundamentally a specialty field and entrepreneurs should leave it, for the most part, to the specialists when it comes to technical details.

This part can’t be emphasized enough. Law is a maze of complexities. If you, as an entrepreneur, try to master it at that level, you will be an unusual entrepreneur if you are not quickly discouraged into abandoning the effort altogether.

2. Entrepreneurs can feel trapped, though, by specialists who hem them in and sometimes abuse them. Lawyers have been known to attempt to capitalize on the “fear, uncertainty, and doubt” (FUD) factor that can be used to scare up business where none legitimately exists. So it can be unsafe to leave everything to the specialists without being informed about their proper role and without being proactive in managing their activities as your hired agents.

3. Entrepreneurs should attempt to gain a working knowledge of the law as it affects their companies. The emphasis here is on “working.” This is not a technical knowledge. This is not about going to law school or about learning to think like a lawyer. It is about trying to get the equivalent know-how about law that a serial entrepreneur might have — it is about knowing the decision points and the main factors that affect those decisions so that you can manage a lawyer’s efforts in giving you technical assistance on those points. It is about learning the fundamentals of how companies are formed, funded, managed, and sold. It is about understanding how deals work within a company context. As an entrepreneur, you don’t have to know how these things work beyond following the advice of your lawyers. But you will be far sharper if you do. You can be led by the professionals or you can actively manage their efforts, even while using their expertise, to help achieve your goals.

4. Therefore, though law is fundamentally boring for most entrepreneurs, the smart ones attempt to educate themselves in this area as needed to achieve the goal of being effectively proactive in working with lawyers and of being able to use the law effectively to further their business goals.

5. What does this investment of time and effort get you? It will educate you on how to use the law to help protect yourself from liability risks relating to your business. It will improve your ability to plan effectively for your company’s launch and growth. Finally, it will save you money because it will improve your ability to manage the time of your lawyers.

6. How do you gain this knowledge? That is up to you. I emphasize here only that you should not disdain the task just because it involves law. Nor should you overdo it in the other direction by diving into specialty forms of knowledge. Strike a balance. Invest the time needed to understand business law at a high level, with a strategic and not a technical focus. Use this author’s Startup Law 101 Series to learn the fundamentals of startup law. Read significant blogs in the area (the Startup Company Lawyer and The Startup Lawyer are good ones). Read the posts. Think about the issues. Get the larger perspective on how legal issues affect you and your company.

You can also use self-help resources from the publishers who specialize in such works. These can be helpful for learning about general legal issues affecting business, though they are less helpful for startup issues specifically.

In the end, experience will be your best teacher. But you will need to give yourself a foundational knowledge to ensure that you learn the most from your experiences. And, above all, make sure to work with a business lawyer who works with you and educates you about the legal steps you are taking. Do watch out for lawyers who keep you in the dark and who merely spread the FUD factor.

Remember, don’t be discouraged if you cannot understand legal technicalities. Your goal is not to master technicalities. It is to get a working knowledge. Place a high value on anything that gives you that perspective. This is what the serial entrepreneur has mastered. It is what you will need to master as well if you are to be optimally effective as an entrepreneur in managing legal matters to further your business goals.

Mastering the Mindset of Successful Entrepreneurs

A lot of marketing advice will tell you to take and apply a certain step-by-step program, as if the simple “how” of the situation was all you needed to succeed. Unfortunately, your mindset is probably the most overlooked factor in getting your business off the ground.

After all, if your mindset isn’t right… If you don’t believe in yourself… If you don’t believe in the product or service you are offering… Then it doesn’t matter how much you implement, you’re unlikely to get any meaningful results.

Now when you’re working on your “inner game” it’s important to look at it from 5 important standpoints.

First, you need to make sure that you are focusing on something that you are passionate about and believe in very deeply. So many entrepreneurs don’t do this. They get stuck focusing on what works because they don’t believe that what they really want to do is a viable way to earn income. However, in most cases the exact opposite is true.

Plus, at the very least, you’ll be a lot happier in the long run, and working on your business won’t seem like a chore, but rather a delight that will bring you joy.

Second, make sure to recognize your own personal strengths and weaknesses. So many people feel bad about how they aren’t good at certain activities, like networking or managing technical details. Let that be okay and focus mostly on what you consider to be your core strength center. Focusing on your strengths and truly mastering them is going to reap much better results than trying to bring a weak area up to an average or mediocre level.

Third, improve your self-esteem so that you feel ready to welcome wealth and success into your life. So many people don’t believe that they deserve to have abundance and wealth that they unconsciously sabotage their own efforts to achieve success.

Fourth, eliminate limiting beliefs that are holding you back, whether these are past failures or baggage you’ve carried around with you since your childhood. This is related to the last important point, but it goes a little deeper than self-esteem. Make sure you know your own emotional world well, and make every effort to tear down blocks that are preventing you from taking the appropriate actions.

Fifth, start taking deliberate action to create your desired outcome. Get out there and start implementing like no one else. Action is a must for getting anything substantial done in business or life in general. Taking action is the ultimate key to unlocking the true potential and success in your business.

I’ve just skimmed the surface here, but as long a you focus on improving these five areas of your mindset, you’ll find that your productivity soaring high and the results you get will really start to show the passion and vision you already have in your mind.

Anybody Can Be An Entrepreneur

I've been using this little phrase for a number of years to express the view that literally anyone can be an entrepreneur – Anybody can be an entrepreneur, but not everybody . However, not everyone should be encouraged to follow the entrepreneurial career path. This perspective has been fashioned over the years by both personal experience, and by a careful reading of the scholarly research.

It is quite clear from the research that there is no such thing as an "entrepreneurial personality".

More than 20 years of research into the "entrepreneurial personality" has revealed that entrepreneurs are as varied in their personality as is the general population. That is, despite extensive efforts to define this or that personality trait as essential to entrepreneurial success, none has been found. As it turns out, some entrepreneurs are extroverts, some are introverts. Some entrepreneurs are risk takers, some are highly risk averse. Some entrepreneurs are humorous, some are serious. In a word, they are just like you and me.

What this research says is that there is nothing about your personality that naturally predisposes you to entrepreneurship, or constrains you to a "paycheck lifestyle". Either career path is available to you. As such, literally anyone could become an entrepreneur.

Of course, that is not to say that we will all succeed equally in the entrepreneurial career path. There clearly are some things that will predispose some to greater entrepreneurial success. Talent that is appropriate for one's time and place is one thing that may provide a better chance for success. For example, over the last 30 years or so, individuals born with a natural ability to understand and process technical algorithms and computer programs have had a better chance of entrepreneurial success than those who don't possess this talent. Many of the leading entrepreneurs of the past quarter century have been software or Internet entrepreneurs who were born at a fortunate time when such talents are in high demand. Imagine the tech-savvy entrepreneur of today were he or she to be transported to the 18th century. It's not likely their talent would be so valuable in that pre-computer era.

Although entrepreneurship does not require any specific personality traits, there are some cognitive skills that entrepreneurs develop that differ from the general population. For example, one of the primary cognitive skills that entrepreneurs develop is the ability to minimize risk. That is, where many people look at a venture opportunity as too risky for them to jump into, the entrepreneur has learned to remove excess risk. In fact, that may be where the mis-perception that entrepreneurs are risk takers came from. Most people don't realize that the entrepreneur is no more risk tolerant than the average person. The entrepreneur has simply learned how to minimize the risks involved in new ventures.

Entrepreneurial expertise is now being studied by scholars in great detail. In the coming years, it may become possible to teach entrepreneurship far more effectively than we do today. In the meantime, it is worth pointing out that the road to entrepreneurial expertise can be long and arduous. The research indicates that it can take 10 years or more to develop any type of expertise, including entrepreneurial expertise. That's probably why most first time entrepreneurs fail. They need to cycle through several failed ventures to learn what is necessary to be successful.

The point of this article is that anyone who is considering venturing out on their own must weigh the opportunity costs of doing so. I've already said anyone can be an entrepreneur. What needs to be examined carefully is whether it is worth it for you. Entrepreneurship, just like any other career path, takes time to learn. The more you learn the more you will be able to earn.

Can you afford to be an entrepreneur right now? If you are currently unemployed, the answer may be "yes". If you are fully employed in an engaging and well-paying career, the answer is probably "no". Everyone has to decide for themselves whether they can leverage their unique talents better through entrepreneurship or through a traditional career.

Policy makers often believe that entrepreneurship should be encouraged as extensively as possible. They set up programs and support functions to help all aspiring entrepreneurs, when in fact many of them would make better use of their time and talents working in a traditional career. Just because anybody can be an entrepreneur doesn't mean everybody should be.

4 Tips For Entrepreneurs to Immediately Increase Productivity and Time Management

Very few people understand the time management struggles that most entrepreneurs experience. The stresses of starting a business on your own depend on your skills in this area.

Here are 4 must have tips for the entrepreneur that is starting her own business from home.

Goal and Priority Setting: This is a skill that you cannot avoid mastering. You will need to identify your goal so that you can gauge where you are and if you are making progress. This is especially important in the single person start-up. If you skip this one seemingly simple step you find yourself in a constant state of information overload. At the end of the day your business depends on one person, YOU.

Good Communication: You will need to make sure that you consistently communicate with your family and loved ones. Many entrepreneurs focus so heavily on their business that they let their personal relationships suffer. The irony is that most people start their own online business with the goal of spending more time with their family and loved ones only to find that they have actually accomplished the other. Be sure that you communicate regularly with those around you.

It is vital that they understand you passion and goals.

Strong Business Principles: To many entrepreneurs forget the reason for starting their business and slowly move toward the “dark side”. Which means they throw all of their integrity and business principles out of the window when they get frustrated and start looking for a quick buck.

The sad part about this is that if they would have only learned good time management and productivity techniques from the beginning they would never be sucked in to this short sided thinking.

Word of Honor: It is important to keep your word in business management. A simple way to do this is to manage your time well so that you are never late for appointments or that you never miss a deadline that you have agreed upon. When you do this, your clients will see that you are able to keep your word and that they can trust you with more business.

Because your business is on the line, you need to be strict with your schedule and the schedule in the workplace. Every minute that is wasted costs you twice more so it is very important that you know how to use your time efficiently.

Why Do Entrepreneurs Struggle?

Great Day, Attractive Thinker! It Is a Great Day to Be Alive!

As an Entrepreneur, there are a lot of goals to be accomplished! Products have to be created, services must be provided, and customers and clients need to be served! When pursuing new goals, the mind must also be aligned with the goal in order for it to be accomplished. The mind is currently "set" to the current status of the business. When the conscious desire is to reach a new goal, the subconscious mind must be informed! Everyone has 2 minds: a conscious mind (this is the mind that you use everyday to get through your day) and a subconscious mind (this is where your core beliefs, true feelings, and emotions are).

When these 2 minds are not aligned, it presents a struggle. This struggle appears as a starting and stopping motion. You attempt to take action on your goal and you're actually stopped in your tracks. The conscious mind attempts to move forward on the goals that you have for your business, yet because the subconscious mind is not engaged in the process, it pulls you right back to where you were. It's just like getting dressed to go on a family vacation. You walk out of the front door to load up the car and you turn around and your family is still in pajamas, simply lounging around in the living room. You're moving forward, but they weren't informed!

In order to end the entrepreneurial struggle, the subconscious mind must be informed of your new goals. These new goals must become your new beliefs in order to become your new reality! Repetitive affirmations, vision boards, meditation, and visualization of your new goals are life-altering tools that imprint your new goals into your subconscious mind.

Your Attractive Thinker Assignment:

Create a Vision Board with Your New Business Goals!
Create a Set of Empowering Affirmations that Support Your Goals!
Meditate and Visualize Your Goals at Least 3 Times a Day!
Speak Your Goals with Boldness and Confidence Daily!

With daily repetition of these practices, you'll reach your goal in record time! You'll begin to spot opportunities that will help you to accomplish your goal. Unexpectedly, people will show up that have the exact resource that you need to accomplish your goal. You'll receive ideas that will expedite your goal and take you further / faster! Consistency is key!

~ Think, Attractively!

Entrepreneurs, Learn This Lesson – Don’t Sweat the Small Stuff

Is the pressure of being in business getting to you? Do you feel like you have the weight of the world on your shoulders? Do you lie awake nights with a thousand points of worry flashing through your poor, tired brain? Welcome, my friend, to the wonderful world of entrepreneurship. Come on now, you really didn’t think it was going to be that easy, did you?

Forget all those reasons you’ve heard as to why businesses fail. It’s the pressure of entrepreneurship that sends many folks running back to the supposed security of a real job. I’ve seen perfectly good businesses flushed down the tubes simply because the owner couldn’t handle the day-to-day pressure of keeping the doors open.

So I ask you again: is the pressure of being in business getting to you? Is worrying about your business taking up so much of your time that there’s no time left to actually work on the business? If so, take a deep breath and count to ten because there is hope. Here’s how I went from being a chronic worrier to someone who doesn’t sweat the small stuff. And that’s what most topics of worry are: small stuff.

The first step is to make a list of everything that’s worrying you. We’re discussing business here but if you’re worrying about personal things write those down, too. Do you have an employee who is giving you trouble? Are you afraid you can’t meet payroll next month? Are you worried about losing a big customer or not winning a big contract? Is your spouse unhappy with the number of hours you’re away from home? Write it all down.

Now divide what you’ve identified as worry topics into three categories: Past Worries (things you’re worrying about that have already happened), Present Worries (things that are happening now), and Future Worries (things that may happen in the future).

Now put a big fat X through all of the Past Worries and Future Worries you’ve listed. Forget the past. There’s nothing you can do about it now. Worrying about things that happened in the past is like a bald man pining over lost hair. If you owe someone an apology, apologize. If you owe someone a debt, make arrangements to pay it. If someone did you wrong either forgive or forget them. The past is history. Forget about it and move on.

The same is true for Future Worries. Why worry about something that hasn’t even happened yet or may never happen, at all? If there’s something looming on the horizon that is a valid point of worry you should have a plan to deal with it when it comes, not suffer in anticipation. Worrying about tomorrow today will drive you nuts. Forget the past and prepare for the future, but don’t waste time worrying about them.

Next divide the Present Worries into two subcategories: things you can do something about and things you can’t do anything about. Now put another big fat X through those things that you can’t do anything about. Worrying about things you can’t control is wasted worrying. You’re worried that a proposal you submitted won’t get accepted. You’re worried that a vendor might go out of business. You’re worried that a giant meteor is going to strike earth and that your building will be dead center in the strike zone.

You can’t do anything about these things except prepare to handle them if they do occur. In business you have enough legitimate things to worry about. Stop driving yourself crazy worrying about things you can’t control.

So now you have your list of present worry points that are within your control. Now prioritize them from most urgent to simply bothersome and create a plan to deal with each point. That’s right, instead of worrying about these things take a proactive stance and create a plan to do something about them. Face the monster head on. You’ll be surprised how much better you’ll sleep at night.

If you’re afraid you can’t meet payroll next month start looking for solutions today. Can you get a line of credit to see you through the lean times? Can you get extended terms with vendors that will free up cash? Can you find an investor who will put in the money and let you pay him back over time? Every problem has a solution. It may not be the solution you desire, but it will be a resolution that takes one thing off your plate.

Work through each point of worry until you have a plan to deal with each one. Then start dealing with them. And if you can’t do anything about an item mark it out as something you can’t control. This exercise will take some effort and discipline on your part, but trust me; you’ll immediately start sleeping better.

Five Solid, Powerful Tools for Entrepreneurs and Lightworkers to Turn Up Your Light

Shining brighter doesn’t show up like you think it will. Shining brighter starts inside and flows outside, and it does not depend on the actual medium. It can show up with a multitude of media. These five tools for generating more buzz, shining brighter and attracting more people into your business are easy to start and initiate, today.

#1 Commit to a much larger result than you have been thinking about. Whatever you’ve been doing, it hasn’t gotten you to where you seek to be. So notch it up.

#2 Look across media and see where you shine brightest. Is it writing, singing, blogging, creating videos, creating audio recordings, or is it something like Facebook or Twitter? Build on what is the most natural and comes with the most ease.

#3 Expansion is delicious. It is also painful. Then delicious. Then painful. Then delicious. Then different. If you’ve never had a virtual assistant, then suddenly you do, it is both delicious and you also have to change it up for things to work.

#4 Vet new ideas and run with the ideas that charge you up the most. If it is so charged your body tingles, it might be big enough. If it’s like “of course, I can do that” and it feels like taking a nap it’s that easy, it might not take you someplace new. This is a relatively difficult concept because it is this fine line of “what do I do next,” and going where you sense the energy will give you extra easy play – but it may be also uncomfortable at the same time.

#5 Take it easy around results. You might get immediate results. You might not. You might have to measure your results differently. So, in starting a new podcast, you might watch your sales and client interactions for measures of success as opposed to focusing intently only on the download numbers and stats that show up on the dashboard. You can self-moderate and kill totally beautiful projects by mutilating them before giving them a chance to shine.

Here’s more on committing to a larger result and what messes up entrepreneurs and light-workers. Let’s say you desire 70,000 listens or #1 bestseller status. Now, it’s your first day out of the gate, and you anxiously look at sales or results. As you look at the results (and they may be dismal), you suddenly lose all enthusiasm for the project. So, that is not actually the best way to get insanely ridiculous successful results. Instead, ask the results questions. What inspired action can I take today to move me in the direction of the results I desire right away?

And let’s say it’s a book, you might get the idea of a Kindle 99-cent day special to run four weeks from now. So you then have four weeks to amp up your plans for the morning rush of a bestseller campaign around a 99-cent day special. Boom! That is very different energy from looking daily at your book sale numbers and experiencing some kind of self-judgment around them.

It is a discipline to see the light beyond the tunnel. So that’s really what this first tool is about. Commit to something bigger, and then take inspired action in the direction of that result, each day.

Choosing the appropriate media for you is like choosing a shoe, a style, a dress, a look. Some of you might pick up a pair of tight jeans, put on a cowboy hat, buy the best and most unusual boots you can find and have your look. For the rest of the people on the planet, this would be a ridiculous choice. When you choose your medium – print, video, social media, audio – choose for you. No one outside of you can say what makes you light up. Only you know this. You can get help from energy workers and lightworkers to see where you seem to flourish the easiest – and also, at the same time, if someone says “create a TV show,” and that makes your stomach turn, don’t do it even if that person is amazing. If someone says “create a podcast” and you start doing cartwheels inside of joy, that’s a key to choosing it.

A new year is a great time to get inspired and get into action. Whatever you chose that didn’t let you shine in the past, ask yourself to release that now and step into the light of your brilliance as an entrepreneur and light-worker.

How Entrepreneurs Make Money Selling Global Brands On and Off-line

Did you know that thousands of companies from all over the world are looking for enthusiastic individuals to represent their products overseas? That person can be you. From Chinese toys to Brazilian bikinis people are making money reselling all kinds of products for a profit.

Don’t fret if you’re new to the Internet! Thousands of “ordinary people” leverage the Internet to sell global brands on and off-line. I say ordinary people as a reference to the rest of us, those who log online simply to read email, check the latest headlines, and to look something up on Google. Does this describe you? If so, you can literally start earning money representing firms from all over the world who are eager to establish contact with motivated entrepreneurs.

Having lived and worked in three continents, I can assure you that there are thousands of great companies with awesome products or services anxious to promote their goods overseas. Don’t be intimidated if you think you don’t fit their professional profile. You probably do and proof of that is my remarkable experience with successful representatives reselling Brazilian Bikinis.

–Case Study–

I often receive phone calls and emails from men and women all over the world wanting to know more about importing and reselling Brazilian bikinis. We get requests from students, single moms, shop owners, and entrepreneurs who work full-time but would like to make some extra money on the side.

–Getting Started: From Concept to Execution.–

Selling international brands is easier than you think! To help you better understand the process we’ve compiled a list of commonly asked questions that have empowered representatives to take the plunge and become successful international sales representatives. We list 10 questions you should ask your potential supplier but this shouldn’t prevent you from requesting more information.

–10 Questions to ask your Supplier–

1. Can I trust doing business with you in Brazil or a country I can’t even pronounce?

2. I’m worried about buying online. How do I pay for the goods?

3. Okay, now that I’m convinced that you’re a reputable supplier of premium brands, what’s the next step?

4. Which samples should I order? How do I pay for them and how much does it cost?

5. I find your prices higher than others.

6. What about import duty?

7. How much should I price your product in the market?

8. The samples arrived and they are absolutely gorgeous! What next?

9. The reaction has been positive. Friends and others want to buy. What next?

10. Are you flexible with payment terms?

Note: Answers to these and other questions can be found on our site.

Armed with answers to these and other questions you’re now well on your way to making money selling global brands on and off-line. Remember, the Internet serves as a powerful tool, as a means to reach your objectives. It should be used in conjunction with offline sales efforts in your respective markets. If ordinary people with little online experience can do it you can also.

The Importance of Role Models For Entrepreneurs

Do you think you have the capability to become an entrepreneur? There are lots of successful entrepreneurs present in this world today. It is very important to find the right kind of qualities that are required to become successful in this field.

Some people try to begin from the scratch but it is quite difficult to reach the top fast in this way. This is the reason why the young generations of entrepreneurs try to model their behavior on people who have already achieved success in this field.

There are various role models for entrepreneurs. It is very important to choose the right kind of model. When you hear of a role model the first thought that comes to your mind is of people who have reached heights are very popular all over the world.

These people too surely had their own role model who they used to follow. A role model is actually meant for following. Your model can also be a person who belongs to your family or even or your friend circle.

The person might not be well known and popular all over the world but he has made something for himself. You can look for such people in your family. If you have someone very close to you who has already made it to the top then you can even get good suggestion as well as tips from the person.

You must understand the importance of the role models. They will help you learn how to become a successful entrepreneur. The most important thing that entrepreneurs must have is the will to win.

The entrepreneur role models usually help the budding entrepreneur to learn about the various qualities that are necessary to become successful and reach the top. One of the things that you need to find out is the common trait between all the successful owners.

You must always remember that owning and managing a company is not too easy. You need to have enough guts to take proper decisions and also be ready to take risks. Role models for entrepreneurs might differ from one person to the other but the characteristic traits of these successful people usually remain the same.

You need to follow these traits. People who are successful as entrepreneur are always good leaders. So you must also make sure that you become a good leader and mange your team in the best possible way.

Team work is very important because you alone cannot take your company to the top, you will need help from the employees. This is the reason why you also need to learn how successful entrepreneurs deal with their employees. This is why role models are so much essential.

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