Archive for June, 2009

THE WRIGHT WAY

June 27th 2009

When Wilbur and Orville Wright finished the first successful manned flight on Dec. 17, 1903, they amazed and astonished the world.  They also demonstrated the power of their problem solving method.

 

They not only solved a problem that others had found too complex and technical, but they did it without any help from outsiders.  These brothers had little formal training or education, but they had amazing brainpower. Few accomplishments can match what these two former bicycle mechanics did with that flying machine. 

 

The key principles of problem solving used by the Wright brothers are still relevant for entrepreneurs today.  There are only eight of them, and here they are:

 

Ø      CONSTRUCTIVE CONFLICT: This conflict can be used to discover and validate new ideas/strategies to find a practical answer.

 

 

Ø      TACKLE WORST THINGS FIRST:  When big problems are put first, the cost for the whole is limited to this set should a solution prove unachievable.

 

 

Ø      JUST PLAIN TINKERING: tinkering with parts of a problem when you’re trying to understand it can create new approaches.

 

 

Ø      RIGID FLEXIBILITY:  Flexing the mind allows for thinking of possibilities outside the realm of policy, tradition, or experience.

 

 

Ø      FOREVER LEARNING: Learning as a lifelong passion is essential for finding the information to solve problems.

 

 

Ø      METHODICAL METICULOUSNESS: The fastest, most efficient way to solve a problem is by being meticulous and methodical in your approach.

 

 

Ø      EQUITABLE TEAMWORK:  The force of a group with a common purpose is multi-plied by interdependence and powered by trust, effort, profits, power, and honour.

 

A side benefit to these steps is that there is an added financial bonus.  By using these principles, the Wright brothers minimized their costs to less than $1,000 and solved the problem of flight with mind-boggling speed.  What business owner wouldn’t want to solve a problem in his business and cut cost at the same time?

Learn how to think like an entrepreneur and become one.

 

 

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Work Smarter

June 19th 2009

We are conditioned from early stages in life in believing that the best way to be successful is to get a good college education in order to find a secure job in a big corporation. Yet many who follow this path, end up working harder and harder all their lives only to make someone else rich.

 

They become trapped in the rat race and slave to their boss, their job and their big company. The one thing we are not told is what kind of education we should go for to become successful. The key to success is to get yourself the kind of education that allows you to work smarter not harder.

 

There are many educational and information products to help you build a successful business that can replace your day job and bring you income that can support a comfortable lifestyle.

With the growth and expansion of the Internet, it is possible to make a decent living on line. Information products are really in demand these days and yes it’s true that there are lots of people selling information products on the Internet at the moment, but Internet is so huge that there is room for every one and if you are offering quality products, there is no reason why you should not be successful. People are hungry for information and these days many look to the Internet to find the information they are after.

 

Give people what they want and they keep coming back for more! One of the great ways to start your Internet marketing business is to join affiliate pogroms, which means you don’t have to have your own products, you just promote other people’s products and get paid every time someone buys their stuff. Here’s an idea

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Go For Gold!

June 8th 2009

The idea of working until your last breath is not very inspiring is it?  Not even when we start on that exciting roller coaster ride known as “entrepreneurship.”  But if you aren’t already planning a more graceful exit from the rat race, you may come out on the short end of the stick.

 

With the failing economy, and global meltdown of financial institutions, who knows what’s in store for the ordinary people in ordinary jobs!  No matter how loyal you have been to your boss, no matter how hard you work to keep your job, if the company you work for gets into trouble, you will suffer the consequence.

 

And we’ve all seen it happen.  From big banks, to manufacturing firms, to successful TV or holiday companies, they’ve all gone down.  And the result?  hundreds if not thousands of workers are now without a job and without a future.

 

There has never been a better time to start your own business than now. 

 

If you’ve been working in the same job for a long time, it may be a little daunting to retrain and learn new skills not to mention the time it takes to retrain and the cost involved.

 

But starting your own Internet business, scary as it may seem at first, is really a no brainer!  You only need to re-acquaint yourself with some skills you probably already have and pluck up some courage and determination.  It pays to invest in yourself and learn from those who’ve been there and done it and start with a solid foundation to build on.

 

You start small, with very little money, and you will learn as you go along without having to re mortgage your house!

 

Many people have done it and they are probably no cleverer than you!

 

You need to learn how to think like an entrepreneur and become one.   Just learning that and knowing a few facts about starting your own business will pave the way for you to stand up and take that first all important step towards financial freedom and towards realising your dreams.

 

And of course with your own Internet business, you can live the life you always wanted.   You are your own boss, you answer to no one, and you can do what you like with your business, with your life and with your money.  And eventually you can sell your business for huge profits.

 

It’s true that when you start a business you’re usually so busy with the details involved in making it an eventual success that selling out is the furthest thing from your mind.  But the day you start building should be the day you also start designing your exit.  It should be the ultimate goal of your success. 

 

Don’t let any negative thought put you off. You can start your own little business while you are still working your nine to five! But it’s now time to wake up and go for gold that’s what you deserve.

 

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Stand Up and Roar!

June 4th 2009

 

Regardless of what  anyone believe or say, there are always those people who see only the “down” side of every situation. They constantly complain about the rain, and completely miss the rainbow that follows with the sun. 

 

Being an entrepreneur, starting your own business is not for the faint-hearted!  If you don’t go into it with your eyes wide open, expecting some bumps along the road, then don’t leave your comfort zone, that salaried job with its Perks.  I’ve heard so many people say, “I can’t leave my job now – I need the benefits.  They completely forget the benefits of having a dream, and working hard to make it a reality. 

 

There’s been much “hype” and “blather” that if you want to start your own business and you’re a woman, you are “Shoo-in” for loans etc.  Don’t you believe it!  A bank, is a bank and everybody seeking a loan must answer the bank’s 3 most burning questions.    

 

1- How much of your own money are you investing in yourself?

 

2- What are your assets?

 

3- How do you plan on repaying the loan? 

 

If you can’t satisfy the banker, then it doesn’t much matter whether you’re woman, minority, or vegetable! the loan won’t be forthcoming.  But don’t even think about getting a loan unless you can really afford it.

 

The thing is that you don’t really need a loan to start an internet business.  You can actually do it with very little money.

 

Now I said all that to say, don’t let that derail your dream.  Just keep on keeping on, and you’ll find out how it can be done. 

 

There are a lot of people out there ready and waiting to rain on your parade – don’t give them the chance.  Let them rain all they want, you just keep on marching toward your goal.  You write that business plan, your goals for the first year – and the second- and the third.  If you can get over these first bumps in the road, then you’re on your way, as Dorothy said “Down the yellow brick road”.

 

It seems that I’ve heard more “You can’t” than “Go ahead – give it a try” lately, and I just can’t understand why so many people are so anxious to shoot you down than help you along.

 

I’m here to tell you that if you have an entrepreneurial dream there are only two questions you have to ask yourself.  They are:

 

1- If I try it and fail, what’s the worst that can happen? 

2- Is that really any worse than if I don’t try at all? 

 

Go ahead – STAND UP AND ROAR!

 

 

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