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Friday, September 25, 2015

30 Reasons to Start Your Own Business

Some people are destined to be entrepreneurs. From the time they get through school, or maybe even before that, they’re hungry to start a business and lead it to success, and they’ll stop at nothing to make that dream a reality.
For others, starting a business is a scary, intimidating notion. There are too many unknowns to take the plunge. But if you’re considering becoming an entrepreneur, don’t forget all the benefits that go along with it that is why l always hungry to be one.


1. Flexibility. Work your own hours.
2. More spare time (eventually). Spend more time with your family and friends. But note: This is only applicable once your business is established and you have employees handling the majority of necessary responsibilities. Don’t expect to have more spare time until you reach this point. In fact, expect to have much less.
3. Call the shots. Nobody else is going to set the rules for you. You are to do that for what suit your business and your personal life.
4. Set your own deadlines. No more last-minute rushing unless you want to do it.
5. Sell how you want to sell. Online? In person? Inbound? Outbound? It’s your call.
6. Create your own environment. You can set the formality and culture of your organization.
7. Pursue your passion. You can do what makes you happy.
8. Create something from scratch. Watch your organization grow from start to finish.
9. Meet new people. Network with other entrepreneurs and professionals.
10. Build a team. You decide who to hire and bring into your company.
11. Create jobs. Improve the economy with new job opportunities.
12. Help people. Use products and services to improve people’s lives.
13. Become an expert. Learn the ropes of your industry through first-hand experience.
14. Invest in yourself. You take the risk, and you’ll gain the rewards.
15. Make more money. If you want a pay raise, you can give yourself one this is the sweetest part of it.
16. Financial independence. No one else is signing your paychecks.
17. Tax benefits. Write off your biggest expenses Note: while you do get to write off lots of expenses as an entrepreneur, beware the “self employment tax.”
18. New challenges every day. Find new ways to stimulate your mind.
19. Get exposed to new cultures. Discover new perspectives and approaches.
20. Discover new fields. Delve deeper into your industry.
21. Create an asset. Give yourself something sell able to hedge your bets.
22. Connect with your clients. Forge real, personal connections.
23. Delegate boring tasks. Don’t do anything you don’t want to.
24. You can stop working. Work you enjoy doing can’t be described as “work.”
25. The power to give. Have the power and flexibility to donate time or money to worthy causes.
26. Get involved in the community. Participate actively in your neighborhood and region. 
27. Improve your industry. Push your industry forward with new innovations and ideas.
28. Get a mentor. Meet valuable, insightful mentors and learn from them.
29. Become a mentor. Take your own knowledge and experience, and mentor someone else.
30. Learn new skills. Branch out in new departments.
Download my Free Ebook Here Click In The Image Some people are destined to be entrepreneurs. From the time they get through school, or maybe even before that, they’re hungry to start a business and lead it to success, and they’ll stop at nothing to make that dream a reality.
For others, starting a business is a scary, intimidating notion. There are too many unknowns to take the plunge. But if you’re considering becoming an entrepreneur, don’t forget all the benefits that go along with it that is why l always hungry to be one.


1. Flexibility. Work your own hours.
2. More spare time (eventually). Spend more time with your family and friends. But note: This is only applicable once your business is established and you have employees handling the majority of necessary responsibilities. Don’t expect to have more spare time until you reach this point. In fact, expect to have much less.
3. Call the shots. Nobody else is going to set the rules for you. You are to do that for what suit your business and your personal life.
4. Set your own deadlines. No more last-minute rushing unless you want to do it.
5. Sell how you want to sell. Online? In person? Inbound? Outbound? It’s your call.
6. Create your own environment. You can set the formality and culture of your organization.
7. Pursue your passion. You can do what makes you happy.
8. Create something from scratch. Watch your organization grow from start to finish.
9. Meet new people. Network with other entrepreneurs and professionals.
10. Build a team. You decide who to hire and bring into your company.
11. Create jobs. Improve the economy with new job opportunities.
12. Help people. Use products and services to improve people’s lives.
13. Become an expert. Learn the ropes of your industry through first-hand experience.
14. Invest in yourself. You take the risk, and you’ll gain the rewards.
15. Make more money. If you want a pay raise, you can give yourself one this is the sweetest part of it.
16. Financial independence. No one else is signing your pay checks.
17. Tax benefits. Write off your biggest expenses Note: while you do get to write off lots of expenses as an entrepreneur, beware the “self employment tax.”
18. New challenges every day. Find new ways to stimulate your mind.
19. Get exposed to new cultures. Discover new perspectives and approaches.
20. Discover new fields. Delve deeper into your industry.
21. Create an asset. Give yourself something sell able to hedge your bets.
22. Connect with your clients. Forge real, personal connections.
23. Delegate boring tasks. Don’t do anything you don’t want to.
24. You can stop working. Work you enjoy doing can’t be described as “work.”
25. The power to give. Have the power and flexibility to donate time or money to worthy causes.
26. Get involved in the community. Participate actively in your neighbourhood and region. 
27. Improve your industry. Push your industry forward with new innovations and ideas.
28. Get a mentor. Meet valuable, insightful mentors and learn from them.
29. Become a mentor. Take your own knowledge and experience, and mentor someone else.
30. Learn new skills. Branch out in new departments.
Download my Free Ebook Here Click In The Image 

Next Topic: The 8-Step Battle Plan to Succeed as an Entrepreneur




Tuesday, September 22, 2015

How to Train Your Mind to Become Entrepreneurial

How do you define the entrepreneurial instinct? Can anyone be an entrepreneur?
The entrepreneurial instinct is the mental toughness that is required to make something from nothing. It is the mindset that allows you to take smart risks, thrive in ambiguity and bounce back from failure. It’s the reason why the team that looks good on paper doesn't always win and why the drop out becomes a billionaire – we hear that story over and over again.

The idea that we are born knowing how to handle the greatest challenges of life is a theme that runs throughout eastern and western cultures in the major myths, religious texts and popular stories of our time. Some people just know how to tap into instinct. Others are put into situations where they are forced to draw from it. And for the rest of us, making the most of our innate talents and physiology comes from a process of discovery and practice. Instinct is universal; it doesn't care where you come from. Anyone with a willingness be an entrepreneur and a persistence to keep at it when the road gets rough can do it

What would you say the top 3-5 entrepreneurship traits are? Which ones do every entrepreneur have in common?
Entrepreneurs are impulsive and adaptable. In business, impulsivity translates to a bias to action. When counterbalanced with a personality that is adaptable or knows how to roll with the punches, it is a winning combination for taking risks for gain. The ability to take risky bets is actually what researchers at Cambridge University identified to be the key differentiator among entrepreneurs and people of equivalent IQ and experience that find success in the corporate world. Entrepreneurship is a career path in which evolution is the norm and failure is a given. Persistence, optimism and resourcefulness are traits that popped up over and over again in interviews with the dozens of successful entrepreneurs I interviewed for the book.

Why do you think more young people are becoming entrepreneurs despite economic setbacks?
Necessity is the mother of invention is an old adage but one that holds true today. Youth employment is at a 60 year low. Young people face a dearth of opportunities, and some of them are taking it upon themselves to pave their own way. The generation of entrepreneurs to come out of the abysmal job climate may be the silver lining of these tough economic times.

How do you train your mind to be more entrepreneurial? Is it possible?
Understanding the physiology that drives motivation can go a long way in helping anyone become a better risk-taker. For most of us, it is a knee jerk reaction to experience a fear of loss when faced with an ambiguous circumstance. Fear is 2.5 times more powerful than reward. When the brain’s loss aversion pathway is activated, our brain chemistry pretty much ensures we will not take action. Some of the basic decision making techniques we are taught like contingency planning our way around risk only further engrain the brain in loss mode.