Tag Archives: entrepreneurs

3 Keys To Gaining Wealth as an Entrepreneur

Running a business requires focus in so many areas. You find yourself wearing many hats and struggling with what which area you should focus your energy. Knowing and implementing these 3 basic keys can make you incredibly rich and set you on the road to financial freedom.

1) You will make the most money when you provide a product or service people truly want and are willing to pay for. 
The statement “find a need and fill it” is not always true. Why?  Because it is not exactly what people need, it’s what they want that they attach their emotions to. When emotions are in the mix credit cards and dollar bills start to fly. You do not have to find a need, as likely their need has been met by a competitor. Your tactic should be to provide what they want faster and better than he competitor fills their need. Connecting to your potential clients/customers emotionally causes them to spend more money and become loyal customers. Loyal customers = long term paying customers.

2) An amazing copywriter and a plan will take your sales higher than you imagined.
A copywriter is a person that writes and does it well! Every business needs to bring in customers and clients. In order to do this business owners will need product/service descriptions, marketing material, etc. The copywriter has such a way with words that they are able to influence and persuade your potential client/customer to purchase from you. Creating a great marketing plan targeting your ideal client along with a copywriting takes you from good to AMAZE BALLS!!!

3) Unwavering determination and focus will win.
Have you ever witnessed a 2 or 3 year old go after what they wan…a toy, a person, food, etc.? The “prize”that they are after may hurt them, may not be what they think it is or their parent just may not want them to have it. None of that matters to the toddler. THAT BABY WANTS WHAT HE WANTS!! He will do whatever he can to get it…chase, scream, kick, whatever! He has no fear and no apprehension in letting you know what he wants & going after it. Adopt that toddler mentality with your business and watch how things change for you…including your bank account!

If you aren’t implementing all of these currently tell me below which will you begin with in 2015!

Business Radio X Interview

I had a great interview on Business Radio X on Monday

So yes, this is a pretty bad pic. I told you in my previous blog post that I had a rough 10 days!! lol If you missed it, check it out here. My interview starts around the 17 minute mark 😉

Confession: When I woke up Mondaymorning I was dreading the fact that I had to go into the studio for an on air interview. I was drained! However, I got myself together and sat through the interview. Guess what the result was? THEY GAVE ME MY OWN SHOW!! Crazy, right?! My interview was conducted by the owners of the Radio X and they support what I am doing for the female entrepreneur. They offered me an opportunity to speak about entrepreneurship on their tour next year and to also host a new show about Mompreneurs! You can check out my first episode on December 5 at 10am ET. I will remind you closer to the date

It’s Pruning Season

It is that time of the year when the leaves fall and the trees look bare and not so pleasant anymore. However when the seasons change again after the new year, the trees come back greener and even stronger. The entire time the tree was perceived as “ugly” it was preparing for new leaves, a fresh look and a new season. Are you ready to drop some leaves and get ready for a new season?

I know I typically talk/write about business, business, business, but today I am going to take a different route and get a little personal. I hope that is ok with you 🙂 I am in no way a life coach, a therapist or anything even closely related. However as an Entrepreneur Educator, Consultant and Attorney I have seen it all when it comes to business. I tell people all the time that I see the good, the bad and the ugly of business!

One thing that I have seen consistently is that when an entrepreneur gets impatient or feels frustration in their season in life and in business they lose confidence. Maintaining confidence is key for an entrepreneur.

Here are 3 tips for my rockstar entrepreneurs to keep their confidence high & hang on through the “ugly” season:

Remain Grateful: Things may look grim in life and in business, but hang on to the good thoughts. Make a list of all your accomplishments large and small. Reflect on them daily and remember how you were able to achieve them. In addition be excited and proud of yourself for your accomplishments! Way to Go!!! (Insert virtual high five here)

Let Go: Make a list of what causes you stress in your business as well as your personal life. Whatever is on that list that you can eliminate or delegate do it ASAP! This does not apply to things like paying bills, caring for children and showering!

Same Goal; New Plan: Things may not be going the way that you would like. That does not always mean that it is time to throw in the towel. Now may be a good time to reorganize your ideas and restrategize your efforts. You may need the help of a mentor, consultant or just a great friend with amazing insight in the area which you are having difficulty. Having someone on the outside looking in with a fresh set of eyes can bring you to new levels of success. Your goal is likely driven by your passion. Don’t let go of your passion, just go in full speed and attack it from a different angle!  POW! BAM! BOOM!

Even if you are not in an “ugly” season which of these 3 techniques can you improve or implement TODAY? I’d love to know! Comment below. 

Entrepreneurship: Why it Should Start Young

Enjoy this great article taken from HuffingtonPost.com by Jack Nadel:

July is the month when NFL football teams open their preseason training camps. Hundreds of young men compete for coveted roster spots, and it’s safe to say most started playing football back in grade school. The value of this early exposure is also true for elite athletes in any sport. Think Tiger Woods, Venus and Serena Williams, Peyton Manning, Derek Jeter and Kobe Bryant. Acquiring skills at a young age with the help of experienced teachers can make all the difference.

A while back on 60 Minutes, a segment featured the Network For Teaching Entrepreneurship, a special program founded by Steve Mariotti, and the crucial role of entrepreneurship in our economy and the advantage of getting an early start, especially for those who come from low-income communities. One conclusion was that preparation for a business career should begin in high school. In my case, I started at the age of 13 during the Depression. I worked as a florist delivery boy in New York City, and the experience provided an excellent foundation for future success. At a young age, I helped support my family while learning to deal with challenging people and unpredictable situations.

At the age of 19, I enlisted in the U.S. Army Air Corps and my education took a huge leap. I served as a navigator and radar bombardier on 27 dangerous missions. In 1944, radar was a new technology, and I learned to embrace this leading edge in order to survive. Another lesson was how important it was to fly in accordance with a pre-designed flight plan. Each crew member had a specific role to play, and if anyone did not do his job correctly, we could all perish. Despite coming from vastly differing backgrounds, we developed infinite respect for each other and realized that relationships form the basis for success.

After the war I was ready and eager to immerse myself in commerce. Trans Pacific Traders was the first in a series of my profitable ventures, and each one was built on the knowledge gained from its predecessor. Later in my career, I came to understand that, in most cases, success is an evolutionary process. Today, my business journey spans 70 years, but even now it is still evolving. At this point, my major ambition is to help others become successful entrepreneurs. Our very democracy depends on a middle-class producing better goods and services and creating wealth.

In many ways, an entrepreneur’s career is like a football game. Both combine a swift pace with a highly competitive atmosphere. The “game” is divided into four quarters. In the first quarter you assess the other team’s strengths and weaknesses based on your scouting report. You size up the opposition and create a specific strategy to cross the goal line. During the second and third quarters you execute your game plan to the fullest. Getting there should be as much fun as scoring. In the fourth quarter you consolidate your gains and seek to safeguard a positive outcome.

These days, I’m not only in the fourth-quarter, I’m in the two-minute drill. There isn’t much time left. I know exactly what thought processes brought me through so many situations, and now I have to get my message across succinctly. In essence, “targeted thinking” is at the heart of my advice. It is the ability to zero in on an objective and totally concentrate on efforts to make it happen. This is the most powerful ingredient in the recipe for entrepreneurial success. Along the way distractions will arise, and it is vital that we learn at an early age to harness the power of zeroing in on our business goals.

Change is always occurring, and the only thing that remains constant is that your future belongs to you–you are the one who makes the choices. This is the risk that everyone faces, but it is also the excitement. Overall, I am an opportunist pure and simple. We’ve all heard the classic debate about whether the glass is half empty or half full. Pessimists reflect on what is missing, while optimists see a brighter future. However, sometimes during their discussion, opportunists will walk in and drink the water. The advantage of starting early is that we allow ourselves time to grow into entrepreneurship. When the right opportunities come along, we will see them and act with confidence.

In light of my desire to support the next generation of entrepreneurs and pass on what I’ve learned from a successful career, and especially with those whom I can personally relate to and who may need it most, I’ve pledged to gift up to 100,000 high school students in the Network For Teaching Entrepreneurship program with a digital copy of my award-winning book, “The Evolution of an Entrepreneur,” featuring 50 of my best tips for surviving and thriving in business.

Both the NFTE organization and I agree that students can learn to become entrepreneurs and that entrepreneurship can be a gateway for those who might not otherwise have opportunities for financial prosperity.

At 90, I firmly believe that early entrepreneurial training can make all the difference for achieving success, and NFTE is proving this theory with their program statistics. Entrepreneurship became my ticket to get ahead in life, and I know it still does and will for others, too, I just hope more embrace entrepreneurship and take their future into their own hands sooner rather than later, for their own sake and for the sake of our economy.