Category: Entrepreneur

Individual skilled in a specific field or area working independent of established “salaried job” setting. Best described by the term “spirit of the entrepreneur”, this type of person is known to carve out his/her own niche, call his/her own shots and work according to his/her own schedule.

  • Develop an Entrepreneurial Mindset


    Think like an entrepreneur

    It’s almost impossible to be an entrepreneur if you haven’t developed an entrepreneurial mindset. Yes, you have to be able to think like an entrepreneur if your entrepreneurship is to be a success. Sometimes though, it is easier said than done, because if you have been an employee in a structured corporate environment and want to break out of it to start your own business, some retraining of the mind may be necessary.

    Following is a brief narrative that relates directly to the retraining of your mind with the desired result of completely reeducating yourself in entrepreneurial thinking and ultimate self-employment in a field of your choosing, if not of your dreams.

    The obstacles within

    A very valuable lesson learned by many entrepreneurs is realizing that one of the biggest problems in becoming self-employed came in the form of obstacles created by themselves. In order to be a self-employed person it is necessary to start thinking like one. I was one of those entrepreneurs before I changed my way of thinking. I found myself reverting back to that nine-to-five mentality in the sense that If I wasn’t accomplishing a task every hour, then I must not really be working.

    Sometimes a self-employed person has to make decisions about his/her business. Sometimes s/he is just thinking about a solution to a problem. Sometimes s/he just has to quiet his/her mind so new ideas can formulate. Just because you’re not pounding away at the keyboard or some other office gadget every minute doesn’t mean you’re not working.

    Learn to ignore distractions

     

    I’ve also learned that it’s okay to NOT answer the phone every time it rings. That’s what voicemail is for, and the same goes for email. At my nine-to-five job I would leave the email program open all day and answer each one as it arrived.

    It took me a while to realize it’s okay to only check email several times a day instead of constantly being interrupted. Periodically checking your email is so much more productive than having to stop your thought process every time “you have mail.” At my other job, I was able to let a phone call roll over into voice mail, but it took me a while to be able to shut down the email too.

    You’re going to have days where you feel you didn’t accomplish much. Then again, you’ll have days where you’ll feel you can conquer the world and you’ll be amazed at how much you got done. Some days you may not finish many tasks, but you’ll make a decision on a problem that needed to be addressed. Or, you will have learned a valuable lesson about yourself.

    Think big picture

    And, I had to learn to stop breaking down all my tasks into dollars and cents. I tended to worry about how much I was or was not earning every day. The truth is, some days you’re going to make more money than other days. If I spent my day on marketing issues, even though I didn’t earn any money from it that day, I would benefit from it some time in the future.

    Rather than worry about what benefits I do or don’t have, I realized the benefit I have in my business is that I answer only to me. Everything I do will benefit me sooner or later. Instead of my income being dependent on somebody else’s budget, I can go as far as I dream.

    And because I’m now doing what I truly love and not what someone else tells me to, I’m much happier and more content. I learned if you start thinking like an entrepreneur, then you’ll actually be one; And a reasonably successful one, thank you very much.

    A primary business tool on hold

    Completing the transformation

    The above narrative could have been written by any one of thousands of present-day entrepreneurs who had previously been employed in a nine-to-five position and was forced to reformulate his/her entire outlook during the conversion from employed to self-employed. Some instances were voluntary while others were forced due to economical circumstances, but in all instances the mindset had to be changed.

  • How Web Entrepreneurs Make Money


    Methods

    There are three basic ways of earning money which include trading time for money, trading money for money and trading expertise and/or value for money.

    Society and the formal education system promote the first method of earning money which involves trading time for money. In other words, you work for someone else for a specific amount of time and then they pay you. Working for someone else drains your energy and you don’t make much money.

    The second way to earn money is utilized by a small portion of the population and involves trading money for money. In other words, you are earning money through investing. Investing can be risky because if you lack know-how and reserve funds then it’s probably not wise to invest money in the first place. Therefore, many people can’t even try this option because they only have enough money to pay their bills.

    The third way to earn money is the best option. This is the entrepreneurial option which involves trading expertise/value for money. This is the strategy utilized by entrepreneurial experts. You have a flexible schedule, work less, and earn more once you invest enough time upfront to set up your entrepreneurship. You can make thousands of dollars a day with this option.

    Image and branding

    In order to earn money through trading expertise/value for money you need to first figure out who you are as an entrepreneur and what you can give to others. What information do you have that could help others? You can find value from previous work experience or even from your hobbies. From this you can create your intellectual property.

    What is Intellectual property? How big is the market for Intellectual property? Is there room for you in the Intellectual property market? These may be a few of the questions you may have when you are researching the information marketing business.

    First of all, anyone can create intellectual property. You don’t need to be a philosopher, doctor or lawyer. Heck you don’t even need to be a college graduate. You just need to have an area or expertise, or access to an expert, and a drive to succeed.

    Intellectual property combines eCommerce and book publishing. For example, you can write and sell an eBook on the Web via your own website or through an affiliate program that you set up. Recent research has found that approximately 6 out of every 10 American adults surf the Web on a daily basis seeking out entertainment and education, as well as to shop for products.

    Plus a lot has changed from the early days of the Internet. One such change is the confidence with which people use the Web. They are more comfortable buying online today than in the past. The market accessed through the Web is global and encompasses millions of people, so you can be comfortable in knowing that the information marketing business has room for everyone!

    Entrepreneurial spirit

    When you market on the Web, you market to your niche. Therefore, you don’t have to worry whether or not your neighbor will want to buy your product. The Web opens many niche markets for you.

    If creating and selling intellectual property on the Internet is so simple, why isn’t everyone doing this? The simple answer is that formal educational systems and previous societal beliefs are at fault. In our youth, we are taught to finish school and then “find a good job” which translates to become an employee at a company. The entrepreneurial spirit is not promoted; in fact it is almost shunned.

    Don’t let societal beliefs stop you from pursuing your goals. The intellectual property market is wide, diverse, and ready to fill your bank account, if you are ready to meet the challenge of entrepreneurship, work hard and pursue your goals diligently.

    Fashion world descends upon us

  • New Entrepreneurs Starting Out – Four Practical Tips

    Achieving entrepreneurial success

    Fashion world descends upon us

    It’s a great time to be an entrepreneur–in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an entrepreneur, you now have more access to information that will enable you to make more intelligent choices more quickly. You have an advantage over big businesses in that you’re lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.

    But being a successful entrepreneur requires that you look at the big picture and follow a plan through from beginning to end. Rieva Lesonsky, editor-in-chief of Entrepreneur Magazine gives some practical guidelines that can help you when beginning your own enterprise:

    Don’t rush to quit your day job

    Consider starting your business part-time, especially if it’s online, while you’re working and have a steady income. It usually takes six months to a year to get a business going and you don’t want your ability to make your house payment to hinge upon your company being an overnight success. Start with what you can manage, financially and time-wise, and scale up as your business grows.

    Have a niche & online presence

    The days of general stores are over. Particularly online, consumers are looking for stores that specialize. You have to find a need–something a specific group of people want, but can’t get at the big chain stores–and fill it. Advises Lesonsky, “You can’t compete with the big guys, so you have to find where the big guys aren’t and go into your niches.”

    Even if you’re not planning to start an online retail business, consider that the internet can still play a valuable role in your company. Having an online presence eliminates the limitations of physical location and broadens your customer base by, literally, millions. It’s also a great tool for promoting yourself and letting people, even in your own area, know that you’re there, and what you’re doing.

    Refuse to quit

    Successful entrepreneurship requires creativity, energy, and a drive to keep going when you fail. Few people realize that before Bill Gates created the extremely successful Microsoft 3.0, he created a Microsoft 1.0 and 2.0, both of which flopped–but he kept at it. And that determination and refusal to give up is what will separate successful entrepreneurs from unsuccessful ones.

    Says Lesonsky, “Arm yourself with optimism to get beyond the ‘No’ or the trouble. Face the challenge – and yes, entrepreneurship is a challenge and must be treated as such – head on like anything else you just have to get done! There’s nothing wrong in failure–just don’t repeat the same mistake!”

    Scroll down to the bottom of this page in the “Related” section for more entrepreneurial articles rich with tips, techniques and interesting insights. Thanks for reading!

  • What Makes Entrepreneurs – Who They Are?




    Over the years countless institutions and individuals have asked the million dollar question. What makes an entrepreneur an entrepreneur? What traits or characteristics are inherent to a successful entrepreneur and is one born with those traits? There’s great news! Successful entrepreneurs are born every day!

    Some people believe an entrepreneur is born while others believe an entrepreneur can be taught. Some believe an entrepreneur is like an artist – either you have it or do you don’t. Some see entrepreneurs as leaders that are focused, disciplined, competitive, and charismatic, while others see them as huge risk takers. And all of these analogies are right to some degree.

    It’s true all successful entrepreneurs share a few qualities and skills that allow them to be successful. These inherent qualities can be taught; but they often seem to be an inherent driving force that sends individuals down the path of being in business or formally training for a career in business.

    Entrepreneurs see the world differently. They have the ability to see the world as a system. They have the ability to see something in its entirety and as an integrated unit, and they seem to possess the ability to see opportunity within the global picture. They are what is called a system thinker.

    There are other characteristics they possess. Entrepreneurs possess an overpowering need to achieve and tend to be very competitive against themselves. They are continuously trying to outthink themselves and others and they are constantly looking for the edge. This is a process that occurs as naturally as breathing and is a driving force behind most entrepreneurs.

    They have the determination and dedication to follow through with commitments and they always appear confident and in control. You’ll notice they also possess a positive aura. They are of the mindset “I can,” and “I will.” They are not afraid of failure because failure is not in their vocabulary nor is it an option.

    They are objective but have the ability to weigh risks realistically within the big picture. They have an uncanny ability to anticipate developments which gives them the edge on many competitive situations. Entrepreneurs seem to feel right from their gut, call it instinct. They are a resourceful group that possess excellent problem-solving skills and are able to diligently work through obstacles as they occur.

    Entrepreneurs are excellent communicators and recognize how important clear and concise communication is to their success. They also possess a sound working knowledge of the business they are involved in.

    When it comes to successful entrepreneurs it’s a question of what came first, the chicken or the egg. Is it inherent qualities that entrepreneurs are born with, or is it that we choose to become entrepreneurs we therefore develop the skills and qualities of success? That’s a question we shall leave to the great debaters to resolve.

    What is for certain is that successful entrepreneurs are born every day and that you too can be a successful entrepreneur by developing the skills needed for success.

  • Facing Your Fears As An Entrepreneur




    The inhibitions

    Most entrepreneurs I have talked with have had to come face to face with their fears. I’ve had to as well. I want to share with you some of the techniques that were utilized to face and overcome them. The first step is not to be in denial. You have fears even if you don’t readily acknowledge them. They sometimes take the form of that little guy – or gal – in the back of your head that says you can’t do it.

    Fear is such a huge factor in preventing people from becoming entrepreneurs. I’ve heard from the CEO of a real-estate based network marketing company that even though he has people packing into company seminars, that maybe 2-5% of them will actually go out and apply the knowledge by putting offers on real estate. He is convinced that the rest are paralyzed by fear. Following are some of the techniques I have used as I learned them from the entrepreneurs I’ve known and dealt with.

    Your goals and work plan

    Think about what you do want in the form of goals and objectives, and when you find yourself spinning the wheels in your mind over and again about your worst case scenario, turn it around and focus on what you DO want. Visualize yourself getting what you do want. See the new house. See yourself talking to the interested person as they become a part of your business. You get what you focus on.

    Change the inner voice in a manner that when you hear yourself telling you that you’re not good enough – you’re going to fail, just change the voice from yours to that of Mickey Mouse or Pee Wee Herman or something else that would hold little weight with you anyway! Who cares if Mickey Mouse thinks you’re not good enough? Is Mickey Mouse an entrepreneur?

    Discussion and research material

    Share them with a trusted friend or associate. Hopefully you have been able to find some level of support from at least one other entrepreneur. Ideally, you have a significant other that supports you. If not, then you should have some kind of support network from your team, upline, or a top producer that you can talk to. Some people may tell you that it is silly you could even believe that you’re not good enough. For me, my wife has been a constant source of support. However, don’t go looking for support from all those people who doubted you and told you it was crazy to go out on your own. They will never understand the entrepreneur.

    Have a personal development library. I draw tremendous support from my library. It is not just filled with how to resources, but also stories of others who conquered their fears. I couldn’t begin to list the many sources I have, but if you contact me I can recommend something based on your own description of your circumstances, although I am in no way a trainer or instructor.

    Visualize. Act. Persist

    Go ahead and “just do it”. Sometimes just making the smallest step will help get you going enough that the fear of not doing something can go away. An example would be neglecting to write an article such as this one out of fear of failure. Just starting it can create enough momentum to see it through.

    Visualize the result, but make the action the goal. There is a subtle difference here for the entrepreneur. Of course you want the result, but maybe that’s not in your direct control. Visualize the result in your mind, but make your goal is the consistent and persistent action of the entrepreneur. Visualization and action will eventually produce the result and you can certainly achieve that goal.

    Never, ever quit! I hate to even use that q word. If you do quit, you cease to be an entrepreneur! Not quitting ensures that you’re not beaten, you are moving ahead!

  • Can Any Regular Joe Or Jane Be A Home Business Entrepreneur?




    First, my apologies to all regular Joes/Janes who may find the use of the name offensive.That having been said, let’s get back to the question posed. Can any Regular Joe Or Jane be a home business entrepreneur? I realize you may have a different opinion than mine about this subject; but let me first say that just like a candle lights up a room, this article was written with the intention of shedding a few rays of light on the subject of home business entrepreneurship.

    So my answer is “YES” every one can be a home business entrepreneur. It does not matter where you are from or your level of education. Any average guy Or gal can start his/her home business and be an entrepreneur as a result. BUT, not every regular Joe Or Jane will maintain and grow an entrepreneurial home business. This is where many people fail.

    What do you need in order to be asuccessful home business entrepreneur by maintinaing your business? You will need to have qualities for home business oriented people. Below are some of these qualities that will help you to maintain, grow and succeed in your entrepreneurial home business:

    1-Home business entrepreneurs are careful about money. They always know how much money they have. They know the value and cost of things so they can recognize a real bargain when they see one. That is why they can maintain their home business.

    2-Most home business entrepreneurs earned money when they were teenagers whether they were babysitting, mowing lawns, delivering newspapers, sacking groceries etc., they got their patience from those experiences that will help them grow their home business.

    3- home business entrepreneurs are competitive by nature. Many were active in sports and other competitions in high school and college. Others were competitive in wanting to make good grades, earn the respect of their parents and teachers and achieve their goals. This quality is very important in a home business entrepreneur.

    4- Home business entrepreneurs believe in the old adage, “the early bird gets the worm.” They sleep and eat enough to maintain their energy levels but they don’t usually linger over non-productive tasks. This helps them focus important energy on growing their home business.

    5- Successful home business entrepreneurs are risk-takers who trust their instincts and act on them. Taking risks can be small first steps, like placing your first ad in a mail-order publication. Without this quality, you may not even be able to start a home business, let alone growing one and being successful in it.

    6-Home business entrepreneurs have a “head for home business. “They are always thinking of new ideas and new ways to make money or improve their home business. They are not afraid to put these ideas to use.

    7-Home business entrepreneurs are usually loners rather than joiners. That’s one reason why the home business, mail-order business is so appealing to many entrepreneurs. They prefer a solitary work environment (home business).

    8- Successful home business entrepreneurs are usually honorable people. They do business based on a handshake or a promise. They tend to form strong associations with others who share this work ethic.

    9- Home business entrepreneurs do set aside time for leisure activities and family. Their principal form of relaxation is their work, but they do realize the importance of downtime and spend time with their family.

    10- Home business entrepreneurs don’t retire. They may sell or change their business, thinking they will retire, but they always jump back in with a new project or get a new idea that they just can’t ignore.

    11-Successful home business entrepreneurs are professionals. Whether working from their bedroom, the kitchen table or a modern, well-appointed home office, they operate just as they would if they were in an expensive office building in a major city. When they are working, they don’t let outside influences distract them.

    In general, successful home business entrepreneurs are people who have high energy; feel self-confident, set long-term goals, and view money and financial security as a measure of accomplishment and piece of mind. They persist in problem solving, risk taking and learning from failures (their own and from others). They take the initiative, accept personal responsibility and use all available resources to achieve their success. Successful home business entrepreneurs compete with themselves and believe that success or failure lies within their personal control or influence.

    Well, I hope this article will benefit who ever wants to start a home business. Just keep in mind that anyone can start a home business, but what differentiates between successful home business entrepreneurs and the failures are as outlined above. Take care, be well and be successful in your home business in your new role as a home business entrepreneur, whenever you’re ready to get started!

  • Why Free Makes The Entrepreneurial Experience Easier




    Do you believe in the principle that you’ve got to give before you get? If so, you probably already know the answer to this question: What is the most frequently used word that people type in a search box on the internet? If you don’t already know the answer, I can assure you that learning what this simple word is and using it to it’s fullest extent can literally explode your sales if you’re an entrepreneur running a Web business. Let me explain.

    The all important word is FREE!

    The word that is used in searches on the Web more than any other is FREE. Everyone loves something for nothing. No one wants to pay for something if they can get it for free. You don’t – and I certainly don’t – if the item is of a quality comparable to paid-for items.

    Think about all the times you searched for something on the Web. Weather it was for information, a service, a product, anything. Did you just type in the description, a keyword or phrase, or did you put ‘free’ first? Even if you obmitted the word free, when the search engines generated the results, I can almost guarantee that it gave you a list of ‘related searches’ containing the keywords you used with ‘free’ in front of them.

    The benefits entrepreneurs derive from giving something for free.

    As a Web business entrepreneur, if you offer a product, service or some other information for free, it can have great returns. First of all it boosts your search engine rankings. As the word is typed into a search box more than any other, so having it optimized on your website will pay amazing dividends.

    Once a customer has found you in their search results, further use of the word free will draw them in even more. Giving them something for nothing if they visit your site is a big attraction. In fact it is such a huge attraction that I can’t emphisize how important it is, especially if you’re just starting out as a new entrepreneur.

    Can giving something for free can make you money?

    When someone visits your site to claim their freebie, several things can happen. In order to get their free product, they have to give you their name and email address. This is standard operating procedure in the Web marketing business arena. In fact, it’s the #1 reason for offering the free item(s) to them in the first place.

    It is highly unlikely that someone will buy something on their first visit to your website, or any other site; and unless there is an excellent reason for them to return, they may never visit again. By having their email address, you can contact them and remind them to revisit your site. You can offer them ‘special offers’ and affiliate sales through your correspondence emails.

    It is a well known fact that you have to make an average of 7 contacts (sales pitches, remind revisits, offers ect…) with a potential customer before they will actually buy something and become a real customer. The reasons for this are quite lengthy and will take a complete article to discuss, so lets stick to the matter at hand.

    One of the most important/valuable things you can own as a Web marketing entrepreneur is a LIST of contacts/potential customers that you can send your product promotions to on a regular basis. Being able to have that all-important contact with your customers, improves your chances of them making a purchase significantly.

    They learn to ‘trust you’, you become familiar to them and that is what often clinches the deal. You gain the know, like and trust from your customers and then they feel comfortable enough to buy what you recommend.

    So, that’s a brief explanation of how you, the budding entrepreneur, make money from giving away something for free.

     

    The quality of free

    The item that you offer, weather it be a subscription to an ezine, an ebook, report or software, MUST be of good quality. If the prospect receives their freebie and the quality is poor, they will not come back to your website and buy anything. Even if you are the best website in your niche, offering the best deals, they will never find out, because they just won’t come back.

    On the other hand, if they are impressed by the free gift from you, they are more than likely to visit your website again and again. High quality, useful products are an essential if you want the ‘freeie offer’ to work for you.

    How you can drive traffic to your website using ‘free’

    Classified ads are a fantastic way to drive traffic to your website. The headline and description should be centered around the infamous “what’s in it for me”. That is offering them a freebie. This will entice them to click the link and visit your website. You can post classifieds for free. Just type ‘free classifieds’ into the search box and choose from the 1000’s of results that the search engines produce. Submit your ads often and the traffic will keep coming.

    Simply use it anywhere your ads appear. If you publish articles, reports or ebooks, put your offer in your resource box. If you use pay-per-click, use the offer as your ad copy. Advertising in ezines, weather its your own, an affiliate’s or bought advertising, again use the free offer in your resource box.

    Choose carefully

    When deciding on what it is that you will give way, there is one piece of advice that is vital. Make the free item appropriate to your audience. Whatever niche you operate it, stick with the theme. If you offer an ebook on ‘how to create a website’ and your business sells musical instruments, you’re really asking for problems.

    The customer will visit your website to get their ebook. They will download it and probably be very pleased if it contains high quality information on ‘how to create a website’. When you contact them via email with for example a ‘special offer on violin strings’, unless by some highly unlikely coincidence that they play the violin, they will not visit your website again. So be mindful of what your own niche actually wants and give it to them.

    In conclusion, the more you offer free stuff of high quality, the more money you will make and the more successful you will become in your Web entrepreneurial business experience. It is one of the best traffic drivers and is a straight forward concept. Now that you have this little golden nugget of valuable information, get to work. Plan what you could offer, to whom, when and where.

    Decide on a product that you can legally give away (be careful of copyright infringement). Make it something that is useful to your own niche market. Advertise it everywhere you can and your opt-in-list will grow very quickly. After all ‘the money is in the list’, right? That’s also a topic for another article. Below is a perfect example of the ‘free’ offer. I didn’t make it up, it’s for real and it works.