Wednesday, September 23, 2009

Building Blocks of Successful Entrepreneurship

Entrepreneurship is a state of mind, a can-do attitude, a capacity to focus on a vision and work toward it."*Barry Rogstad

Just as a Master Builder would not consider placing his most precious building on a weak foundation, a Master entrepreneur would not proceed to build their business without first considering the foundation.

Building a strong foundation requires being aware of the variety of materials available and choosing those best suited for the job. This is true when building a great building or building a great business.
Our brains work best when we give them familiar "anchors" to hang bits of new information on. So...
Let's have some fun with this using the buildig blocks of language to explore the "building blocks" of successful entrepreneurship.

As Maria sang in the famous "Sound of Music"...let's 'start at the very begining...'

A -
Attitude and Action

Your Attitude ultimately determines your Altitude - how far up can you go in your business?

First let’s look at attitude:

Are you upbeat, positive about your product/service/idea?

Are you one who easily crumbles when things go awry or are you one who is able to focus on looking for solutions rather than focusing time and effort on dissecting the problem?

Let’s be honest here.

You do probably not want to be an entrepreneur just to have your business “break even”

In 2005, BITS showed that 66 percent of new employers survive two years or more, 50 percent survive four years or more, and 40 percent survive six years or more. Wouldn’t you like to be in that 40%?

Do you think possibly those that survive are the ones who have the attitude of solving any challenges which arose or do you think they were the ones who thought “yikes” this will be the doom of me.

Successful entrepreneurs train themselves to immediately look for solutions.

The great Albert Einstein once said “sticking with something is the genius”

Don’t you think this guy should know? After all not only was he a successful inventor he also published a total 450 works in his lifetime.

Not exactly a quitter.


Stay tuned as we move on with a few more great "A" materials for a firm foundation...

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