Quitting your job to start your own business is one of the scariest decisions you can ever make. It is a difficult decision because you will be moving from certainty of a monthly pay cheque to the unknown world of entrepreneurship devoid of a regular monthly pay cheque. The scary part of all this is that you are giving up the known for the unknown, giving up stability and schedule for something that isnt guaranteed.
Entrepreneurs are often motivated to start businesses for three reasons: income opportunity; sense of purpose or fulfillment; and to be their own boss. by leaving your paid employment you are giving up limitations for unlimited possibilities, and a strict schedule for complete flexibility…
This is more-so as you will now determine how you want to run your life without any restrictions whatsoever. The greatest joy in life comes when you are able to do things you are passionate about, and ensuring you are contributing your quota to the economic well being of your country. Read the rest of this entry »
One of the scariest things to do is drop your day to day nine to five. The paycheck is steady and it comes with a nice health-care package. Lunch with co-workers provides time to unwind and talk about what’s going on in the world. The hours are steady and while it may be demanding, there isn’t much mystery to what you can expect from work.
Venturing out of the workplace leaves a fear of uncertainty. Working for yourself day in and day out is nothing like being in the steady work force. The paychecks are scarcer and health benefits will be coming directly out of your pocket. Lunch consists of only you. And the hours, let’s just say, are not set in stone and work is way more demanding. Starting your own business/career comes with a lot of mystery.
The common misconception is that once you work for yourself, things become “easier”. On the contrary, working for yourself is actually more involved than working for someone else. And truthfully when you are the commander of the ship you call income, you must work for others in order to establish yourself in the niche in which you are diving into. Read the rest of this entry »
As a young man, Earvin “Magic” Johnson admired his father and other small-town entrepreneurs who created jobs and served as leaders in his Midwestern community. He worked for them, watched them, and his interest in building communities through economic development grew even while his basketball career flourished. His fame as an NBA star gave him access to some of the most successful business leaders in the country. It was Earvin’s own entrepreneurial spirit that inspired them to serve as his mentors.
Earvin made the transition from great athlete to greater entrepreneur through hard work and by avidly pursuing opportunities. He recognized that densely populated urban communities were ripe for commercial and residential development. He partnered with major brands like Starbucks, 24 Hour Fitness, and T.G.I. Friday’s to lead a major economic push in these communities. The success of his businesses proved that ethnically diverse urban residents would welcome and support major brands if given the opportunity. Earvin continues to be a leader of urban economic development that provides jobs, goods, and a new spirit of community.
32 Ways to Be a Champion in Business will inspire and enlighten readers who wish to make a similar impact with their careers and business endeavors.
Donald Trump
The Celebrity Apprentice raises a lot of money for charities, as well as enhancing public awareness of the charities that are featured. It’s been a wonderful vehicle in the philanthropic arena, and has had terrific ratings. Since this format is working so well and on so many levels, we will keep it that way, but that’s not to say there won’t be another non-celebrity series again. Time will tell. Read the rest of this entry »
Robert Kiyosaki is an American investor, businessman, self-help author and motivational speaker, who has written 15 books, with combined sales of over 26 million copies.
Three of Robert’s books, Rich Dad Poor Dad, Rich Dad’s CASHFLOW Quadrant, and Rich Dad’s Guide to Investing, have simultaneously been on the top 10 best-seller lists of The Wall Street Journal, USA Today and the New York Times.
In this Q&A interview with Alex Pirouz, Robert Kiyosaki discusses what it takes to be successful in business, the No 1 skill every entrepreneur should learn and the five qualities required by every entrepreneur in order to become successful. Read the rest of this entry »
Based on more than forty interviews with Jobs conducted over two years—as well as interviews with more than a hundred family members, friends, adversaries, competitors, and colleagues—Walter Isaacson has written a riveting story of the roller-coaster life and searingly intense personality of a creative entrepreneur whose passion for perfection and ferocious drive revolutionized six industries: personal computers, animated movies, music, phones, tablet computing, and digital publishing. Read the rest of this entry »
Back in November 2008, I was laid off from a job that I hated. At a time when everything seemed uncertain, there were two things I was absolutely sure of. First, I absolutely love everything about marketing. And second, I wanted to start a company of my own.
I also knew that I was going to have to bootstrap a service-based business because I didn’t have a lot of money to invest in creating a product. This is how I went from being laid off to a 29 year old CEO of a marketing firm.
Read the rest of this entry »
Top salespeople use these simple rules to keep their customers buying from them–even in the face of steep competition.
Customer loyalty is the key to profitability. The reason is simple. It costs more–geometrically more–to acquire a new customer than to keep a current one. Without customer loyalty, customers leave. Then you can end up sacrificing as much as a third of your sales year just to get your numbers back to where they were the previous year. Ouch. Read the rest of this entry »
Don’t show ‘em the money (even if you have it). Here are nine better ways to boost morale.
The ability to motivate employees is one of the greatest skills an entrepreneur can possess. Two years ago, I realized I didn’t have this skill. So I hired a CEO who did.
Josh had 12 years in the corporate world, which included running a major department at Comcast. I knew he was seasoned, but I was still skeptical at first. We were going through some tough growing pains, and I thought that a lack of cash would make it extremely difficult to improve the company morale. Read the rest of this entry »
Sir Richard Branson
Q: How do you deal with the hundreds of emails you receive from readers? I know you are very busy. Do you have any secret? – Harvey Chen, China
A: Reading through recent emails, I was struck by the number of questions from readers about how entrepreneurs can better manage their own time as they manage their complex businesses.
As a successful business matures and expands, bureaucracy usually starts to take hold and members of the senior management team find themselves overwhelmed by the sheer number of meetings and volume of correspondence. At this stage, an entrepreneur faces the challenge of how to effectively manage this new structure — a transition that has been the undoing of many enterprises. Read the rest of this entry »
