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Saturday, August 16, 2008

Entrepreneurship In A Word: Part 2 – Discipline

Entrepreneurs, regardless of what industry they are in, tend to follow similar patterns as they establish and grow their businesses. If you want to be successful faster than normal or at a greater scale than normal, you will do well to understand the patterns that lead to problems and the patterns that lead to success.


Discipline…control gained by obedience and training…is the key to putting the knowledge of patterns into play. After all, successful development of your business depends first upon having a good strategy and then upon good implementation.


Many business owners approach starting a new business as though it is an instinctive skill. They think that if they know how to cook chicken, they are fully equipped to open a chicken restaurant. It is this pattern of following your instincts, flying by the seat of your pants, that causes so many people to run into the same problems.


The discipline of starting a business begins with the fundamental three planning questions:


  1. Where are you now? This is about getting oriented to your current situation. If you have never owned a business before, you have a bigger learning curve ahead of you than the person who is opening their third business. If you have vast financial resources, you face a different starting point than the person who is already in debt.

  2. Where are you going? This is where you define your objective? Do you want a solo opportunity that will grant you a few hundred dollars extra income or are you looking to be at the top of the INC 500 in five years? What is it that you want to build?

  3. How are you going to get there? You might think of this as the bridge that you must build to cross the chasm between where you are now and where you want to be. You might call this your strategy.

Slow down to act with discipline. Begin by answering these three questions. You are likely to accelerate your overall success.


No one embodies the concept of discipline more than Marines. Look at how their discipline inspires us to think of them as super humans.


Talk with a drill sergeant. Ask them about recruits getting off the bus on day 1 of Boot Camp. Do you think they achieve becoming…one of the few…one of the proud…flying by the seat of their pants? Are you ready to begin your training? Will you inspire the people who must do business with you… your employees, your vendors, your lenders, your customers?

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Monday, August 11, 2008

Entrepreneurship In A Word -- Identity

Entrepreneurial success begins with knowing who you ARE. Unfortunately, many of the success formulas that will be dangled before you will be based upon HAVE/DO/BE.

These advisors tell you that you must HAVE stuff to be able to DO the right things. And if you DO the right things, you will BE a success.

The true formula works exactly in reverse: BE/DO/HAVE. If you will BE who you are in a genuine way, you will DO the right things. If you DO the right things, you will HAVE genuine results.

The best advisors to entrepreneurs focus upon having you plan your life before planning your business.

Michael Gerber, famed author of The E-Myth Revisited, calls this finding your Primary Aim. He puts it this way:

"I doubt that by now you’d be surprised to find out that I don’t believe your
business to be the first order of business on your agenda.

You are.

Nor will you be surprised to hear that I don’t believe your business is your life, though it can play a significantly important role in your life.

But before you can determine what that role will be, you must ask these questions:

· What do I value most?

· What kind of life do I want?

· What do I want my life to look like?

· Who do I wish to be?

Your Primary Aim is the answer to all these questions."

Startup Nation has the same message: “Plan your life, then your business.”

See their excellent discussion of how to make this plan at:

Look for the download templates of the sample life plan and the template to create your own life plan.

Tuesday, August 05, 2008

A Symphony In Four Parts...The Art of Starting A New Business

Every business idea has to begin with a thought. That thought has to be developed. Regardless of the type business, there are certain universal principles that apply.

The 30 Day Challenge is designed to help an entrepreneur focus upon those principles to test the potential of a new idea. Ed Dale, the face of the 30 Day Challenge, shares the key concepts that he describes as a symphony. Like a symphony, it depends upon blending the right parts, in the right amount, in the right order, with the right timing.

Ed introduces the 30 Day Challenge and describes the four parts of the symphony:
1. Market Research
2. Traffic
3. Conversion
4. Product

A conservative estimate is that 95% of mistakes are made in the MARKET RESEARCH stage. This is because most people don't do the MARKET RESEARCH.

Following this universal pattern can't guarantee a success every time. The beauty is that it will help eliminate the stuff that will not work.

Whether you are doing a traditional business or an Internet business, the MARKET RESEARCH capability of the Internet opens new roads to success in starting a new business or growing an established business.

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Saturday, August 02, 2008

Ed Dale's Free 30 Day Challenge In Marketing Training

The past 24 hours have been amazing to me as a lifelong learner. I have added a tremendous amount of marketing wisdom due to an absolutely free resource.

Ed Dale is a marketing leader who specializes in the Internet. He is offering his 4th 30 Day Challenge. This is a way of using Internet resources to market a business that is either online or bricks and mortar. It assumes that your total level of computer skill is to be able to open a browser and to use e-mail.

As a business coach, I spend a lot of time researching marketing issues and helping my clients. In the past 24 hours, what I have learned has at least doubled my efficiency.

Though the program began officially on August 1, you can still join. There are an amazing number of resources, particularly videos, to make it easy for you to catch up and work at your pace.

To get more information, follow this link:

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