Posts Tagged ‘Entrepreneur’

Becoming an entrepreneur is a funny business, isn’t it?

Everyone tells you that you need to be determined, to follow your heart in spite of the odds, and if you encompass passion for the idea, success will follow. Yet, then those same folks will turn around and advise you to pay attention to your inner critic.

The truth is, this is just one of many challenges faced by entrepreneurs in their quest to find the right balance that ultimately brings success. Below details why you, the looney entrepreneur, must pay attention to the little voice of reason in your head (yes, the one that really does talk to you) – sometimes.

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Entrepreneurs are a lonely breed and it’s because of this loneliness that we constantly yearn for help and improvement. One effective way of getting help is to find a good mentor. Good entrepreneur mentors can be found everywhere but it’s not easy finding one that’s perfect for you.

In this post, I hope to share some of the key things to look at when finding a mentor for you and your business. A good mentor can go a long way for the entrepreneur both personally and professionally. If you don’t have one or have had trouble finding a good one, then keep reading. Read the rest of this entry »

Being an entrepreneur is tough … very tough. There are a myriad of reasons why some entrepreneurs make it big and others do not. There are organic reasons why some business owners fall short of their goals. This message is not about capital or the economic climate; rather, it’s about those individual characteristics that keep some entrepreneurs performing below their potential.

Here are 10 reasons why some entrepreneurs under-perform:

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If you are planning to make entrepreneurship your future, then you probably think that you’re a fairly adaptable, fly by the seat of your pants kind of guy (or girl). That’s a good start, however, to achieve real success as an entrepreneur, you’re going to have to learn to change direction practically mid-sentence.

Here are the reasons why, as well as a few tips on how to make it a little easier.

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Mix and mingle, be inspired and learn from more than 1,500 rsvp’d entrepreneurs and 100 rsvp’d investors from across the nation at New York Entrepreneur Week (NYEW) being held November 8th – 12th, 2010 at Scholastic Auditorium in SoHo.

Confirmed investors represent the following industries:

• Biotech
• Business Products & Services
• Consumer Products & Services
• Distribution
• Financial Services
• Green
• Healthcare
• IT

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Over the years, I’ve been privileged to be surrounded by many accomplished entrepreneurs. All of them have different stories about why they chose their path of entrepreneurship, and how their business grew, but all of them have one thing in common – instead of giving up when things went wrong, they learned to roll with the punches, and adapt to the given situation.

You see, the truth is, becoming an entrepreneur, or a small business owner, is a scary proposition. Whether you have capital lined up or you’re bootstrapping, and whether you’ve taken the plunge voluntarily or been forced to try your hand at entrepreneurship because you were laid off, there is always an element of fear involved.

Successful entrepreneurs leverage fear to their advantage. They feed off the excitement and exhilaration like an adrenaline junkie would when sky diving, leveraging the emotional high to keep them going, even when the chips are down.

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As a small business entrepreneur, you must realize that first and foremost you are the leader of your business.

Once you understand that one of your primary roles in your business is to be not only the CEO but the leader as well, you need to actively develop three critical leadership skills: Flexibility, Humility, and Focus.

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For most of us, the concept of launching into a business venture with little or no capital, and trusting to our instincts, and the ability to work miracles on little or no budget, sounds like madness. To the entrepreneur, however, it sounds perfectly reasonable.

In fact, every day, around the world, millions of entrepreneurs decide to go for it – even though they don’t have multimillion dollar backers.

If you can’t find funding for your business, or if you’d rather go it alone, and build your company from the ground up the hard way (sounds crazy again, but many people do) then you’re going to have to learn to bootstrap!

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