Why It’s Important For You To Strongly Desire Autonomy

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By on November 15, 2022

Photo by Markus Winkler on UnsplashHow do you picture an entrepreneur? In a recent survey by Cox Business, small business owners listed their top three entrepreneurial idols as Steve Jobs, Ben Franklin and Walt Disney. But another part of that survey may be more revealing.

Roughly two-thirds of the respondents said the desire to be their own boss motivated their entrepreneurial pursuits. This sense of autonomy has come to embody the rugged individualist persona often associated with the entrepreneurial spirit.

“Following a process that does not make sense to me has a strong tendency to undermine Continue Reading “Why It’s Important For You To Strongly Desire Autonomy”

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Why It’s Important You Believe You Control Your Own Destiny

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By on November 8, 2022
Duke Worne Productions / Duke Worne Productions, Public domain, via Wikimedia Commons

Duke Worne Productions / Duke Worne Productions, Public domain, via Wikimedia Commons

Imagine you’re out walking your dog on a nice sunny morning. As you approach the intersection, you see a car attempt to make a lefthand turn only to be hit by an oncoming car that runs the stop sign. No one’s hurt, but the cars are totaled.

What is your first thought concerning the innocent driver making the turn?

Is it “poor guy, he was in the wrong place at the wrong time”?

Or do you think “even though he had the right of way, he should have made sure the Continue Reading “Why It’s Important You Believe You Control Your Own Destiny”

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Why It’s Important You Exhibit Creative Tendencies

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By on November 1, 2022

Thanough, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons

Many aspiring entrepreneurs feel the creative urge represents the most important trait for success. Many great ideas, though, never become viable businesses.

Take a look at some of the greatest entrepreneurs of all time.

Did Henry Ford invent the automobile? No. Nicolas-Joseph Cugnot first produced a steam-powered automobile in 1769.

Did Steve Jobs and Steve Wozniak invent the microcomputer in 1979 with the introduction of the Apple ][ computer? No. The French team headed by François Gernelle within a small company, Réalisations & Etudes Electroniqes (R2E), created what they called the “Micro-ordinateur” in 1973.

Did Ray Kroc invent the fast food hamburger joint? No. Most point to White Castle’s 1921 opening of its original location in Wichita, Kansas, as the first fast food hamburger franchise. Heck, Kroc didn’t even invent McDonald’s. He bought the restaurant from founders Dick and Mac McDonald after becoming the chain’s franchising agent in 1955.

What is the importance of creative behavior?

It’s not the ability to come up with an original idea that wins the day. It’s the ability to take Continue Reading “Why It’s Important You Exhibit Creative Tendencies”

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Why It’s Important You Become A Calculated Risk Taker

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By on October 25, 2022

Ed Dunens, CC BY 2.0, via Wikimedia Commons

When you talk to people about what it takes to be an “entrepreneur,” most people will say you need to be a risk taker.

When you talk to people about what it means to be a “risk taker,” most people will begin describing daredevils and gamblers.

In both cases, these answers are at best incomplete if not totally incorrect.

Risk taking is fundamental to sound investing. Without risk, there could be no return. It’s Continue Reading “Why It’s Important You Become A Calculated Risk Taker”

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Do You Have What It Takes To Be An Entrepreneur?

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By on October 18, 2022

Look around you. Now, more than ever, the world teems with constant change.

Some succumb, consumed by the cascading chaos.

Winners smile broadly, delighted by the array of percolating opportunities.

“Do I have what it takes to be an entrepreneur?”

This is the question every budding entrepreneur asks. It is the wrong question.

Imagine

Wouldn’t you benefit more if, before beginning on your entrepreneurial journey, you knew what talents successful entrepreneurs possess?

Rather than first asking if you have them, you’d be much wiser to ask what they are.

Before answering that unasked question, behold the very first lesson of this series. It’s a lesson you should carry with you at all times. It reveals the ultimate axiom, the rule that Continue Reading “Do You Have What It Takes To Be An Entrepreneur?”

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Is Starting A Business Worth It?

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By on October 11, 2022

Can you feel inflation eating away at your income? Are you worried matters will only get worse as the nation dives deeper into recession? Perhaps you’re eying that favorite hobby of yours, wondering if you can tweak it a bit to bring in some much-needed revenue.

What’s holding you back?

If you’ve spent the bulk of your career working for someone else, it’s only natural to wonder if starting a business right now is worth it. You can be on the cusp of retirement or even in retirement. Sure, you enjoy helping people, but wouldn’t it be easier just to give it away for free and cut back on other expenses?

Well, no matter what your age, a healthy challenge can invigorate the soul.

“Starting a business can be an exciting responsibility to take on for many people,” says Nick Chandi, CEO, and Co-Founder of ForwardAI in Vancouver, British Columbia. “It’s also a Continue Reading “Is Starting A Business Worth It?”

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Strategic Planning For The Soul

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By on September 27, 2022

I’ve always enjoyed the adventure of strategic planning. I call it an “adventure” because it requires one to truly explore the meaning and philosophy of a corporate soul.

A corporate soul differs from a human soul in that the former comprises an entity of many individual souls. With so many human souls making up its psyche, it’s often entertaining to watch as these individuals confuse their personal souls with the corporation’s soul.

OK, I admit this is a form of voyeuristic cynicism, but look, people are egocentric. And the Continue Reading “Strategic Planning For The Soul”

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Why America’s Founding Secretly Influences You

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By on August 30, 2022

You don’t have to be an American to say you’re an American. That was the whole idea of the American Experiment – it was meant for all nations, not just those uppity Tea Partiers who frolicked in Boston Harbor a few centuries back. But this experiment didn’t start with the American Revolution, Declaration of Independence or even the United States Constitution. It began with a collection of oppressed runaways and an accidental metaphor that endures to this day.

After reading a perhaps too rosy account of the Plymouth Colony by the Pilgrims Edward Winslow and William Bradford, excitement grew in England to establish more companies to Continue Reading “Why America’s Founding Secretly Influences You”

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The Secret to Getting Anything You Want

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By on August 16, 2022

History’s Greatest Quest

“TELL ME, O MUSE, of that ingenious hero who travelled far and wide after he had sacked the famous town of Troy. Many cities did he visit, and many were the nations with whose manners and customs he was acquainted; moreover he suffered much by sea while trying to save his own life and bring his men safely home; but do what he might he could not save his men, for they perished through their own sheer folly in eating the cattle of the Sun-god Hyperion; so the god prevented them from ever reaching home. Tell me, too, about all these things, O daughter of Jove, from whatsoever source you may know them…”

(BOOK I, The Odyssey, Homer ca 800 BC)

Before embarking on the journey you are about to take, some self-doubt is normal and healthy. But it shouldn’t hold you back. The very nature of self-discovery resides in your blood.

Over the next few weeks, I’ll reveal how and why this is so. I’ll explain to you why your Continue Reading “The Secret to Getting Anything You Want”

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How To Be Successful: The Explosive Truth

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By on August 9, 2022

(continued from “Why The Harvard MBA Should Be FIREd”)

Remember those paint-by-numbers kits we got as kids for too many birthdays? They had the allure of any typical get-rich-quick scheme. Each package featured the finished painting on its cover. It looked like a masterpiece. You just knew the Louvre had a space just for it, probably right next to the Mona Lisa. And – here’s the kicker – in just a few short hours you will have created an exact copy, suitable for hanging on your mother’s refrigerator!

Oh, joy, rapture! I got artistic talent!

And it was so easy, wasn’t it? Each kit came with clearly numbered paints, each number corresponding to a numbered shape on the heavy cardboard canvas supplied. It was as simple as 1, 2, 3… Picasso!

Picasso?!

You dreamed Monet and you got Picasso. And that was being generous. As you painted, you saw nothing but a series of random splotches of color. You might see an image, but Continue Reading “How To Be Successful: The Explosive Truth”

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