Posted on December 9, 2011
Many people want a step-by-step guide on how to start a business. But that's not the case for an entrepreneur, a true entrepreneur. The reason is because a true entrepreneur is a creative visionary. One who is motivated by all the freedom that entrepreneurship entails. Though, let us remember, with all that freedom comes great responsibility.
Even though a true entrepreneur desires to pioneer his or her own way, it remains wise and advantageous to open oneself up to mentorship if you seek to achieve top performance. Just as sports' players have coaches who help them develop their talent, so too should entrepreneurs. Through mentorship, coaching and working with a team of advisors, entrepreneurs are better able to achieve successful business results.
With that being said, reading can be considered a type of mentorship as the expert author opens your mind to things you were not previously aware of. The 4 must reads for young entrepreneurs - or any entrepreneur - aren't "how-to" books, but rather they open your mind to the idea of possibilities. Great books have the potential to expose you to new realities - realities that can shift your thinking from that moment forward. Realities that can forever change your life - forever change your future. But it's up to you - the true entrepreneur - to decide on that first step.
The following must reads are sure to get your mind overflowing with ideas...
* "Rich Dad Poor Dad" by Robert Kiyosaki
* "The 4-Hour Workweek" by Timothy Ferriss
* "Multiple Streams of Internet Income" by Robert G. Allen
As you venture out on your entrepreneurial endeavors, you're going to find a large number of nay-sayers who have nothing better to do than try to sink your sailing ship. Some point out the "flaws of your thinking" because they don't want you to get hurt. But most do it because they want everyone else to live as limited a life as they live - though this is typically done on a subconscious level - for they don't recognize that they hold the power to change their own life. But you do.
Therefore, as you pursue your dreams, you may need to shift your friends. Look around you, and remember you are known by the company you keep. Are your closest friends living the lifestyle you want to be living? If not, you need to surround yourself with like-minded individuals who are striving for and may have already attained what it is you are looking for as an entrepreneur.
Posted on November 20, 2011
Building success especially as an internet entrepreneur is something that typically starts from 'within' you as an individual! Sure there are plenty of business models to choose from that will enable you to become successful online but they all require you taking action! Many people have great difficulty however actually engaging in any actions that will help them build a business online due to a lack of confidence! Here are 3 ways to avoid letting this same thing keep you from taking action thereby allowing you to become successful working on the internet!
Prepare Yourself
There will certain skills to learn and knowledge to acquire that will help you feel more comfortable and self-assured as you begin your journey! As an internet entrepreneur it is important to have an overall understanding of the how your business works and why since it's your responsibility to keep it operating profitably! Gaining this understanding will give you a great start but remember, there will be much to learn so master what you need to know as you need to know it! Many often try to learn EVERYTHING right from the start which tends to be overwhelming thus keeping them from ever taking action!
Develop Unshakeable Confidence
The more you learn the more comfortable you feel that you can indeed become successful at what it is you're getting ready to undertake! In terms of actually succeeding in building your online business possible the most difficult aspect will be having the confidence needed for taking action. The preparation you make in advance will give you the unshakeable confidence you need to take the next step! Read more...
Posted on November 9, 2011
The concept of entrepreneurship takes a wide range of definition and its meaning has progressed over the century. To many, it is linked to starting one's personal business. However, nearly all economists believe that it is more than starting a business.
The word entrepreneur comes from the French word entreprendre, meaning 'to embark on.' In a business perspective, it means to start a business. Entrepreneur can also refer to a person who systematizes and administers a business and usually takes the risk for the sake of profit or turnover. He can also be defined as a person with high propensity who pioneers change or anyone who wants to work for himself.
Entrepreneurship vs. Small Business
The terms 'entrepreneur' and 'small business' are quite alike and can often be used interchangeably. With much commonality, however, there are significant differences between the entrepreneurial venture and the small business.
Entrepreneurial venture is quite different from small business in the following ways:
- Innovation - This is the very instrument of entrepreneurship. It providesresources with a new power to create wealth. Entrepreneurship frequently engages extensive innovation further than what a small business might exhibit.
- Risk - Risk must be usually high in an entrepreneurial venture. If not, with the enticement of sure profits, many entrepreneurs would be trailing the idea and the opportunity would no longer exist.
- Amount of wealth creation - A booming entrepreneurial venture generates substantial wealth, normally in excess of several million dollars of profit rather than simply generating an income stream that replaces fixed employment. Read more...