Global Entrepreneurship Week Is Almost Here

Embedded Video

Is Global Entrepreneurship Week making you curious about how good an entrepreneur you can be? Well, the time to test yourself is coming closer and closer.

In November of 2008, during the week before Thanksgiving, the first ever Global Entrepreneurship Week will occur. It will encourage young people from around the world to explore entrepreneurship as a way of resolving many of the great challenges of the world.

In an effort to support Global Entrepreneurship Week I have scoured the Internet to collect some of the best advice on entrepreneurship that I could find. It is all organized on a Squidoo Directory to get you started.

This directory, called a lens by Squidoo, will 1) monitor the events leading up to Global Entrepreneurship Week, 2) Share insights on entrepreneurship, and 3) follow the progress once the event occurs.

Shallie Bey

Blogged with the Flock Browser

Entrepreneurship In A Word: Part 3 – Advisers

No matter how experienced you are as an entrepreneur, you depend upon growing by having good advisers. The challenge is making sure that your advisers are supporting your goals and dreams and not just selling you their own.

Joan Magretta, strategy editor of the Harvard Business Review during the 1990s and author of the delightful book, What Management Is: How It Works and Why It's Everyone's Business, has an interesting insight. She calls it “advice without context”.

She observed that the number of books and major articles on management has grown to over two thousand per year. Most of these focus upon a single idea in isolation and often out of context. But the practical reader wants ideas they can quickly use, so most literature is full of lessons learned and concrete to-do lists – the ten things you can do today to be effective or savvy.

The problem is that 10 things from each of 2000 sources suddenly turns into an overwhelming twenty thousand suggestions to you each year. This doesn’t even include the advice from friends, relatives, business consultants, customers, other successful entrepreneurs, and in today’s age the Internet. This is the problem of advice without context. Every piece of advice must be placed in the context of your personal goals and your business plan. This is the reason that you design your business plan to be your tool for designing your business. You must know not only what to do but why the advice supports your goals. So, as an entrepreneur, make sure you understand the motives of your advisers.

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:

http://www.startupnation.com/steps/55/
3751/1/1/create-life-plan.htm

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

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.

Embedded Video

Blogged with the Flock Browser

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:

http://www.ThirtyDayChallenge.com/challenge/25809

Blogged with the Flock Browser

Sir Richard Branson Knows Joe Polish…Joe Knows…

Early this week, I received a surprise gift box from Amazon.com containing a DVD and a note:

Enjoy the DVD!
Best, Joe Polish

Some advice givers say, “It’s not what you know, but who you know!”

Others say, “It’s not who you know, but who knows you!”

Still others say, “People don’t care how much you know until they know how much you care”.

Regardless of which advice rings true for you, you need to know what Joe knows. Joe is one of the world’s leading advocates of relationship marketing: the concept that people like to do business with people they know, like, and trust. And Joe proves the principle by investing in relationships, often by giving gifts like the DVD about the life of a famous man that he thought I would find inspiring.

Joe is one of the kindest, most generous people that I have ever met. Over the past three years that I have known him, he has expanded my horizons significantly.

Through such generosity in the form of charitable contributions, he came to know Sir Richard Branson. Not only personally benefiting from that association, Joe has opened doors for friends and clients of his company, Piranha Marketing, to gain access to that wisdom. He even recently arranged for a group to spend a week on Necker Island, Branson’s private island, to meet and talk with Sir Richard.

If you doubt how valuable an opportunity that can be, you need to know of the book, Millionaire Upgrade, by Richard Parkes Cordock. The book is inspired by the true story of an eight-hour flight with Sir Richard Branson. It describes the principles of success that a frustrated employee learned about becoming an entrepreneur when he was upgraded on a long haul flight and finds himself sitting next to a self-made billionaire.

The book shares eight principles and a “magic ingredient” that ties the principles together. Though I won’t share the details of the “magic ingredient”, I will share one portion of it:

“Never think you can do it alone – you can’t”

That is why I am thankful that Joe knows me!

Thanks Joe!

For more information on Joe Polish and to see him interview Sir Richard Branson, go to
http://www.joepolish.com/.