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Friday, May 31, 2013

What Will You Do With YOUR Next Five Years?

The Five Book Video - YouTube: ""



'via Blog this' You are an aspiring Baby Boomer Entrepreneur. What will you do with the next 5 years?

This video takes you on an inspirational tour of your mind as you explore what you will do differently over the next 5 years. It is based upon the book, 5, by Dan Zadra.

If you would like more information on developing that entrepreneurial mindset, please sign up to be on our Smarter Small Business Blog mailing list. We will share with you more information on the resources that will help you build your entrepreneurial mindset in a smarter way. Just click this link: http://mybabyboomerbusinessdream.weebly.com/
Then give us your name and e-mail. There is no obligation and you can unsubscribe at any time.

Brought to you by Shallie Bey -- The Business Dream Weaver


Baby Boomer Entrepreneur - Who Do You Trust For Business Advice?

Who would you trust to give you good advice on how to best function as a Baby Boomer Entrepreneur?

The Washington Post was interested in finding the best business wisdom hidden in classic movie quotes.
We asked entrepreneurs which famous lines from the silver screen offer the greatest insight and advice for running a business. The top 15 are below, but we want to hear from you, too. Which other movie quotes do you think offer valuable business lessons?
Of the choices presented, my favorite was from Cynthia Kay:



"Toto, I don't think we're in Kansas anymore." -- The Wizard of Oz (1939)
"Small business owners today know that doing business can be fraught with a whirlwind of uncertainty. We can end up in places we never intended. This famous line provides small business owners with the inspiration to think beyond their own little worlds, to step out of traditional ways of doing business and explore what is possible. Yes, we are small businesses, but we have big ideas that can take us on an amazing journey." -- Cynthia Kay, president and owner of Cynthia Kay and Company in Grand Rapids, Mich.
I have actually used this quote many times over my career to point out that times have changed. I think it is particularly relevant to baby boomers establishing themselves as entrepreneurs. Regardless of your prior life situation, you are trailblazing a new frontier as you move toward being a baby boomer business owner.

Most of us have had experience with the technical aspects of our work. Michael E. Gerber, author of The E-Myth Revisited, gives us the classic examples of cooks opening restaurants, mechanics opening auto repair shops, and carpenters becoming home builders. The problem for us is that we may not have the managerial skills to hire and train people to do that work. Even more rarely do we have the entrepreneurial skills to organize and market such a business.

Whoever you select to provide you with advice must understand what you will need to perform the full range of duties you will have in organizing your business. Plus they must have the understanding of how to teach you the business development skills required to grasp how all the pieces fit and interact with one another in the various stages of getting your business up and running.

To help you with a vision of what you face as you move out into a new frontier, I have prepared a video: Baby Boomer Entrepreneur - You Need A Guide.

To see more of the cute suggestions offered by the Washington Post, please check out this link:
The best business wisdom hidden in classic movie quotes - The Washington Post:
The article has quotes that you can build upon...if you can use them in the right context. You have to know if you are still in Kansas.

If you would like more information on developing that entrepreneurial mindset, please sign up to be on our Smarter Small Business Blog mailing list. We will share with you more information on the resources that will help you build your entrepreneurial mindset in a smarter way. Just click this link: http://mybabyboomerbusinessdream.weebly.com/
Then give us your name and e-mail. There is no obligation and you can unsubscribe at any time.


Brought to you by Shallie Bey -- The Business Dream Weaver


'via Blog this'

Sunday, May 26, 2013

Can Owning A Business Help Your End Of Life Experience? (Encore Career)

Can Owning A Business Help You Prepare For A Good End Of Life? (Encore Career)





Do you have a plan for how you would like to live to the end of your life?

Baby boomers have many concerns about their future as they approach retirement age. Most of those concerns can be summed up in three questions:
  1. Will I run out of money?
  2. Can I maintain my quality of living?
  3. Can I maintain good health?
The challenge is that one unasked question must be answered to know the answers to the other three questions: How long will I live?

So the reality is that we can do things that increase the probability that our answer will be "yes" or "no" to the first three questions, but it is not a certainty.

Some people try to resolve the money and lifestyle questions by saving a lot of their earnings. Sometimes that works...if you have good capital markets and wise investment choices.

Some people delay their retirement by continuing to work as long as they can. Sometimes that works...if your employer is prosperous and does not force you to retire.

Some people take on new jobs...commonly called encore careers, to reduce the amount of time they have to depend upon savings to fund their retirements. Unfortunately, health seems to force many to retire sooner than they expected.

So, is there anything we can do to increase our odds of success? Yes, the indications are that a special form of encore career may well be the answer. You can become a business owner as an encore career.

How can becoming a business owner help you solve your retirement fears?

The answer is that owning a business gives you two things that are not always present in having a job.

First, the business gives you an asset that can earn and grow that does not have to depend upon you doing the work.

Secondly, the business gives you leverage. It can give you a bigger return than what you can accomplish by just working alone. The leverage can come from having employees, business systems, or a combination of those.

In our featured video Judy MacDonald Johnston gives us a case study. She helped ranchers, Jim and Shirley Modini plan for the end years of their lives. She manage assets for them as their caregiver and health advocate. She managed the people needed to provide daily care and to run the business of the Modinis. 

Granted, the Modinis had a good head start. But the principle is still true at any age. The challenge is to begin building the asset, your business.

What is your next step?

Building your business requires having a vision, just as the Modinis had a vision for their lives and for their wildlife preserve beyond their lives. You can build that vision by understanding the basics of business development. Business development is the process of consciously starting and intentionally growing a business.

Business development is more about developing an entrepreneurial mindset than about being an expert in the details of business. It is about being able to pay attention in a way to spot business opportunities. Next, after spotting the opportunity, it is about learning how to take action to make the opportunity a reality.

By understanding the process of developing an entrepreneurial mindset and acting through that mindset, you greatly reduce the risk of failure that is the experience of so many people who start businesses without a plan.

If you would like more information on developing that entrepreneurial mindset, please sign up to be on our Smarter Small Business Blog mailing list. We will share with you more information on the resources that will help you build your entrepreneurial mindset in a smarter way. Just click this link: http://mybabyboomerbusinessdream.weebly.com/
Then give us your name and e-mail. There is no obligation and you can unsubscribe at any time.

Brought to you by Shallie Bey -- The Business Dream Weaver
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Saturday, May 18, 2013

Aspiring Baby Boomer Entrepreneur Here Is The Key To Retirement Success (This Is Water)


Aspiring Baby Boomer Entrepreneur Here Is The Key To Retirement Success (This Is Water)

As baby boomers, we face a new stage of life as we approach retirement. For years you and I dreamed of this moment as the great time of our life. As it becomes closer to reality, we face fear that it may not be a dream, but a nightmare filled with boredom, routine, and petty frustration. Embracing that fear may be our salvation. Embracing that fear may be the foundation for our dreams to be realized.

You do still want to live your dream, don't you? I know I do!

The key is AWARENESS...being able to see what is going on around us. Successful entrepreneurship is based upon awareness.Our competitive advantage as baby boomers just may be that we can see the things going on around us in a unique perspective that allows us to invest in ourselves, meaning our lives, and the lives of those around us.



In the past week, an eight year old commencement speech dealing with boredom, routine, and petty frustration has suddenly gone viral. It is called This Is Water. In the speech, David Foster Wallace points out that we are like the fish who live in water and never realize it is there. We live in a world where we are surrounded by boredom, routine, and petty frustration. We sense it but are not truly aware of it. But the opportunity is in becoming aware.

The opportunity to solve a problem for a market at a profit is the holy grail of entrepreneurship. That is made possible by being aware of the problem and the solution that no one else sees. This is water. Dealing with boredom, routine, and petty frustration is the essence of life. Helping people overcome these is the key to entrepreneurial success.

I can't tell you why that speech suddenly became a runaway success.I can tell you that it points to the path of success.Watch the video. Become aware of the water around us.

Choose to begin using the water to your advantage. This is Water...the key to your retirement success.

If you would like more information on developing that entrepreneurial mindset, please sign up to be on our Smarter Small Business Blog mailing list. We will share with you more information on the resources that will help you build your entrepreneurial mindset in a smarter way. Just click this link: http://mybabyboomerbusinessdream.weebly.com/
Then give us your name and e-mail. There is no obligation and you can unsubscribe at any time.

Brought to you by Shallie Bey -- The Business Dream Weaver


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Saturday, May 11, 2013

Aspiring Entrepreneur, Can Living A Good Life CAUSE YOU To Be a Better Business Owner (The Placebo Effect)?


Almost everyone believes that being a successful business owner will cause you to live a good life. In reality, that is a myth. Financial success, often the selected measure for business success, does not guarantee living a good life.

Not so many people believe that living a good life may CAUSE you to be a better business owner. Yet, there is increasing evidence to suggest this is the truth...living a good life frequently leads to business success.

You do want to live a good life AND be a successful business owner, don't you?

Your Primary Aim - Defining What Living A Good Life Means To You:

Almost every great business coach will start by asking you why you want to be in business. Michael E. Gerber, author of The E-Myth Revisited, is famous for asking you to begin planning your business by discovering your Primary Aim in life. Though each coach has their own way of asking you what you value, it basically comes down to three questions.

1. Why are you here in life and why do you think owning a business will help?
2. What is important to you, your values, strengths, skills, experiences, and interests that define what living a good life means to you?
3. What must this business do for you so that it will support what you have defined as a good life for yourself?



Understanding The Placebo Effect -In Life and Business:

In the featured video, Jonathan Fields, of the Good Life Project, interviews a doctor who first felt that she had let her career ruin her life. Then, when she found her "good life", she discovered how to experience a more rewarding career.

Along the way, Dr. Lissa Rankin made some amazing discoveries that she shares in her book, Mind Over Medicine. One of the central discoveries was a new understanding of the Placebo Effect...when stress is removed from the body, the mind may be just as effective as medication in making things better.

Her story supports the theory of the great business coaches...remove the stress. Let your business be dedicated to supporting your life by working for you. Do not give up your life to work for the business. The secret is once again, work smarter - not harder.

Enjoy the video where Dr. Rankin shares what she learned.

If you would like more information on developing that entrepreneurial mindset, please sign up to be on our Smarter Small Business Blog mailing list. We will share with you more information on the resources that will help you build your entrepreneurial mindset in a smarter way. Just click this link: http://mybabyboomerbusinessdream.weebly.com/
Then give us your name and e-mail. There is no obligation and you can unsubscribe at any time.

Brought to you by Shallie Bey -- The Business Dream Weaver


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