Thursday, November 18, 2010

Are You REALLY an Entrepreneur?

Do not get me wrong. But in today’s business world when every day new companies are being formed and old companies are closing down, it has become even more important to ask yourself, ‘Am I really an Entrepreneur?’.
Most of the business owners whether big or small think that they are entrepreneurs and live under this fallacy without understanding the real meaning behind the word ‘Entrepreneur’.
The word ‘Entrepreneur’ has been defined by different authors in many numbers of ways:
Some definitions’ are glorified statements.
Some are too technical.
Some definitions’ can only be understood by the author who has written it. I mean it is too complicated to relate to it.
There is nothing in that statement that will inspire a person to relate to the definition.
What is the Outcome?
The business Person keeps on struggling to keep their company afloat.
The business Person keeps on struggling to put in systems.
The business Person keeps on struggling to find the right people for their Organization.
And the list goes on!!
Is there a way to come out of this vicious circle of struggle?
Of Course there is!
Anyone can come out of it. The only condition is ‘are you willing to come out of it?’
Or have you become comfortable going round and round in circles in your day to day business activities?
Here I would like to share a beautiful definition of ‘Entrepreneur’. This statement has not been coined by me, but it really has given me a ‘point of view’ to look at myself as an Entrepreneur and Entrepreneurship.
Here is the definition:
‘Entrepreneurship is about living a few years of your life most won’t, so that you can live the rest of your life like most can’t’
So what is the kind of life you would like to lead?
Would you like to do hard work little by little all your life or invest the next few years of your life in hard work so that you can become free to lead a life that most people can only dream of?
You have the FREEDOM!!
The greatest tragedy of business people is:
They know all the Answers. The only thing what they don’t know is the RIGHT QUESTIONS.
A True Entrepreneur always asks the RIGHT QUESTIONS.
So, Are You a True Entrepreneur?
As a matter of fact, Are You Really an Entrepreneur?

To Your Success & Exponential Growth

Monday, November 15, 2010

Are You Asking the Right Questions About Your Business?

Hi,
I am a Maverick. I do things in unconventional ways. Even when it comes to do business I am different from the lot.
 What do I do differently?
I build my business around my life.
What do conventional businessmen do? They build their life around the business they have started or created. As a result they become the hardest working employees of their own organization and announce this fact to the world with great pride!
All businessmen across the globe have the freedom to do business in the way they want. Did you know there are 10 freedoms that every entrepreneur should strive to achieve in his business?
But becoming a maverick entrepreneur requires a change in the way one thinks. Before following the avant-garde ways of doing business it is important to understand the conservative and unadventurous ways of doing business because I had read somewhere, ‘To break the rules, first you should know the rules.’
Whether you do your business the traditional way or in an adventurous way there are some things common in both the ways. Like the three questions that you should ask about your business:
Question # 1: Do you have the utmost Clarity about what will your business achieve in the long run? And I am not talking about just profits.
Question # 2: What are the systems that you will be setting up to run your business successfully?
Question # 3: Who are your customers who will buy your product/s? A word of caution: If you do not want to close shop, have a long list of your customers. Starting your business with customers you can count on your fingertips is taking your company towards committing suicide. It will die sooner than you think.
Before you say that you have all the answers of above questions, let me ask you: Do you have it neatly written in detail in your diary where you can refer to it on a daily basis?
There are not many of you who must be having it. There are businessmen out there who gave up reading and writing after they wrote their last exam. They hate writing and the justification they give for not having basic things written is, ‘I have everything in my mind. I don’t need to write’
This is where a maverick entrepreneur leaves them behind. He has everything chalked out in his personal diary. The answers need not be in the form of project report, but a simple hand written diary that they can carry wherever they go.
I am not saying that all businessmen should do this. If you don’t write the answers and read it on a daily basis the world economy will not collapse neither the world will come to an end. You can at least be glad that you saved some papers.
But if you want to leave a mark on the world with what you have created and want your business to serve your customers long after you are gone from the face of the earth, you better start writing again.
To Your Success & Exponential Growth
RP