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5 Attributes of “A Player” Entrepreneurs

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5 Attributes of "A Player" Entrepreneurs

No one becomes an entrepreneur hoping to be mediocre. So what makes an entrepreneur, an A Player?

Over the last few years I’ve studied and interviewed hundreds of “A Player” entrepreneurs at the top of their field. “I noticed that the dynamic range between what an average person could accomplish and what the best person could accomplish was 50 or 100 to 1.Given that, you’re well advised to go after the cream of the cream … A small team of A+ players can run circles around a giant team of B and C players.” – Jay Elliott author of Leading Apple With Steve Jobs.

From selling hot dogs to owning a boutique hotel on the Las Vegas Strip, all of the entrepreneurs I talked to had these 5 traits in common:

 

1. “A Players” take MASSIVE action

Most people don’t take action at all and if they do, they try one or two things, fail and then give up entirely. “A players” are different, they know that if they keep putting in the work, they’ll inevitably become successful, so they keep going.

“I have not failed, I’ve just found 10,000 ways that don’t work” – Thomas Edison

2. “A Players” know their strengths

B and C level entrepreneurs micro-manage and waste time and energy on tasks that are not their core competency. “A Players” know exactly what it is they do that creates value for their business and they free up as much of their time to focus on that activity as possible.

 

3. “A Players” communicate the right way

A big hurdle for a lot of entrepreneurs is being able to communicate the right way. A lot of the time entrepreneurs steamroll others or are not able to explain things correctly to others which leads to them having to take on even more work themselves. “A Player” entrepreneurs know that they need to balance out their strong authoritative work communication with warm, compassionate caring about their employees, vendors and most importantly customers.

 

4. “A Players” course correct

When B or C level entrepreneurs run into obstacles, like their marketing not working as well as it once did or a problem with their product, they continue to do the same things. “A Player” entrepreneurs know when they run into problems, it’s time to tweak and test.

“Insanity is doing the same thing over and over and expecting a different result.” – Albert Einstein

5. “A Players” practice self care

B and C level entrepreneurs let their business consume their lives.  “A Player” entrepreneurs take care of themselves physically, mentally and emotionally. “A Players” know that it’s energy, not time, which is our most important resource as an entrepreneur. So they make sure that they take care of themselves every day to prevent burnout and build healthy habits to support the tremendous amount of energy necessary for running your own business.

 

“A Players” are the entrepreneurs who succeed, not only in creating amazing businesses but amazing lives as well.

If you’re serious about becoming an “A Player” entrepreneur, adopt these 5 attributes and success will follow!

Jon Lee is a Full Stack Marketer, who specializes in helping small businesses grow to 7 figures. He also blogs about career development and hosts the A Player Podcast where he interviews “A Players” from various fields as diverse as cage fighting and neurobiology find out more at www.Aplayerpodcast.com.

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2 Comments

  1. Stefanie

    Aug 6, 2015 at 7:25 am

    ““A Players” know that it’s energy, not time, which is our most important resource as an entrepreneur.” – that one gave me an “aha”, a different perspective. That makes me think how to implement that since currently, I value time as a very important resource and I forgot about energy 🙂

  2. Ethan Bridges

    Aug 6, 2015 at 6:02 am

    Hey Jon, this post made me happier, it’s true. I gotta say my favorite is practicing self-care.

    Sometimes you’ll feel alone in your quest for meaning in life, then you read a post like this, and you realize you’re not alone at all. What’s better is you realize you *have* these attributes!

    Thank you!

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Entrepreneurs

4 Traits Successful Entrepreneurs Have in Common That Sets Them Apart From Everyone Else

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successful entrepreneurs

Entrepreneurs are currently in high demand in the world today. As the world progresses in population, there are basic necessities that are needed to curtail this growing population such as the creation of jobs and providing a means of livelihood to accommodate this growth.

An entrepreneur is mandated with the task of not just looking out for himself only, but also procuring ways (either by developing products or services) to ameliorate the standard of living of others. Anyone can be an entrepreneur, but being a successful one requires acquiring traits that are not otherwise common to the vast population of individuals in the world.

Some of the prevalent traits you can spot amongst successful entrepreneurs are listed below:

1. They are early risers

Scientists devised a concept which infer 8-hours of uninterrupted sleep as an optimal duration to attain a good night’s rest. Interestingly, the scientists who came up with this concept don’t follow such rule! You can’t sleep for a long stretch of hours and expect to attain a considerable high degree of success in your field.

A good sleep isn’t measured by quantity but by quality. You can sleep for 10 hours and still wake up feeling dizzy and miserable. It all depends on your state of mind at which the sleep was initiated. Successful entrepreneurs understand that attaining a high level of productivity is greatly influenced by how much you’re able to get done with the time you have at hand.

To get more time to themselves, successful entrepreneurs wake up early enough to use those hours in resolving tasks or planning their day. This gives them an edge in reducing their daily work load and accomplish their set goals on time.

2. They are not busy, they are productive

Most people conflict being busy as synonymous to being productive. This isn’t correct to a large extent as it’s possible to be busy and still not be productive. Being busy could portray not having enough time for yourself, but successful entrepreneurs know the more productive you are, the more spare time you’ll have.

Productivity is highly centred on your ability to distinguish between what’s important and needs more adequate attention from what’s not. Successful people are skilled in streamlining their schedule and placing more priorities to tasks and issues that are most paramount.

They don’t try to do everything on their own (this will make them too busy), so instead of multitasking, they hire people to perform jobs for them. This in turn increases efficient delivery and salvage more time for themselves to deal with other pressing issues.

“If you spend too much time thinking about a thing, you’ll never get it done.” – Bruce Lee

3. They don’t shy away from risks

Successful entrepreneurs are driven by passion filled with purpose. Following this direction often requires you to take certain actions that may not be comfortable to accommodate reasoning and approval from people. This is one trait that is prevalent amongst the vast number of entrepreneurs- the tendency to trust your guts and instincts even if it violates logic.

Nothing great can be achieved from the position of comfort. Successful entrepreneurs understand this and are willing to stretch their boundaries and embrace chances to do what’s necessary rather than what is convenient.

4. They accommodate their mistakes and failures

Every successful entrepreneur has been through a series of mistakes, failures, pain and disappointments. But their unrelenting persistence in not choosing to bail out sets them apart from a generation that have been indoctrinated to prefer security rather than freedom.

As Mark Zuckerberg said, “the greatest successes come from having the freedom to fail.” Learning from failures and mistakes is an invaluable skill that successful entrepreneurs have harnessed over the years which has contributed to their vast level of experience and expertise in their various field.

“Entrepreneurs know that you are not going to learn anything unless you make a mistake.” – Robert Kiyosaki

Becoming successful in business or any chosen career doesn’t come cheap. The world will certainly test your passion, dedication, persistence and patience and still won’t hand success over to you. You have to make a demand and take it for yourself by not giving up because you can’t see the end of the tunnel, and not taking failure or disappointment personally. All of these obstacles are only part of the journey.

How do you fight every day for your dreams to become a reality? Please let us know by commenting below!
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5 Powerful Confessions From Entrepreneurs Who Never Went to College

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entrepreneurs that didn't go to college

How important is college education for most of us? Can an entrepreneur become successful without a college diploma? Let’s see what secrets remarkable entrepreneurs may reveal to us about the way they survived without college.

Looking back at the experience we gather from the most powerful and famous business people, there’s more often a plus rather than a minus in becoming successful without a college degree.

1. Abraham Lincoln

“All I have learned,I learned from books.” – Abraham Lincoln

One of the 8 U.S. presidents who started as entrepreneurs and the only one who received a patent, Abraham Lincoln never went to college. In fact, he was not the only U.S. president who didn’t do it. 7 more presidents didn’t attend college as well.

One of the most striking confessions is that he valued books more than anything else that can educate. Proving that books were his teachers, Abraham Lincoln also acknowledged that his best friend would be a person who could give him a book he hadn’t read before.

No wonder, every entrepreneur with self-respect should read books. Abraham Lincoln proved that self-education is, actually, what makes us more powerful than we are. The 16th president of the United States invented a tool to lift riverboats over sandbars without a diploma as an evidence of his smartness.

2. Walt Disney

“All the adversity I’ve had in my life, all my troubles and obstacles, have strengthened me… You may not realize it when it happens, but a kick in the teeth may be the best thing in the world for you.” –  Walt Disney

The father of Mickey Mouse, the first animated feature film in the world, and Disneyland founder, Walt Disney considered books as a treasure as well. However, because of his inattentiveness and constant drawing, Disney dropped out of high school.

Thus, his stronger motivator was failure. Working on Snow White, one of his most successful projects, Walt lost nearly everything, ran out of money, and almost went down the drain. But that was one of the lessons that helped him become the king of cartoons.

3. Richard Branson

“The best way of learning about anything is by doing.” – Richard Branson

A risk-taker with over a $4 billion fortune and the founder of the Virgin Group, Richard Branson left school at the age of 16 to start his first business – Student magazine. Despite the fact, that he faced dyslexia during his school years, he managed to take a chance in his hands and do what he wanted.

Although, Richard says he has no secrets to hide, he still confesses that he works hard, smart and does it with fun. The power of doing is a secret ingredient to success, according to Branson.

4. Milton Hershey

“My experience has shown me that the people who are exceptionally good in business aren’t so because of what they know, but because of their insatiable need to know more.” – Milton S. Hershey

The founder of the Hershey Chocolate Corporation and a philanthropist, Milton Hershey changed 6 schools, because his family moved very often and, eventually, he left school after the 4th grade to become an apprentice to a printer. Later, he found his passion in candy making.

His idea about business success is not in knowledge, but in the desire to know. Motivation and curiosity can lead you to the unknown realms and open them with ease, if you are ready to experience changes. The only question is to what extend your need is insatiable.

5. Coco Chanel

“Success is most often achieved by those who don’t know that failure is inevitable.” – Coco Chanel

Being taught sewing by nuns, Gabrielle “Coco” Chanel, the only fashion designer to have been put on the 100 most influential people of the 20th century Time magazine’s list, never went to college. Her daring ambitions gave her strength to become one of the most successful designers in the world.

According to her words, the secret of success isn’t in knowing. Quite the opposite – it’s in unawareness. Virtually, it’s unknowing of the fact that failure is a must-be in business. And here’s when fear comes next after you think of a possible fiasco. Without knowing, there’s no fear. Consequently, you’re not afraid to stumble and fall, because you do not know it’s initially programmed.

What unites all these outstanding entrepreneurs? Except for the absence of a college degree? It’s the ability to acknowledge what actually ruled their success. And that’s not college education. Educators, professors and teachers who strive to make college education more proactive and productive can never substitute the inner power of a budding entrepreneur.

Have you met any entrepreneurs who never needed a college degree to become what they are now? Share your experience in the comments.
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How to Lead a Virtual Team: 6 Essential Tips You Need to Know

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The rules have changed. You don’t need an office. You don’t need investors. You DO NOT need permission!

Today, anyone with a good idea (and an addiction for success) can start their own business. Within a matter of months you can build a six-figure business. It takes dedication and commitment, as you already know, but another vital ingredient many forget about in the beginning (I know I did) is to involve others.

You cannot do ‘this’ on your own. You need a team, but once again the rules have changed. You don’t need an office. You don’t need local people you ‘see’ each day.  There’s a new kid in town.

Introducing Your Virtual Team:

Virtual assistants… freelancers… location independent workers… there’s an entire generation who don’t wish to play by yesterday’s rules. The likes of Buffer and Infinitus have built seven-figure companies with no headquaters. Big name entrepreneurs like Michael Hyatt are building teams with no boundaries. The opportunities for a go-getting success seeker like you are vast.

But, building your virtual team is dangerous. There are many pitfalls to building a virtual team. Lucky for you and me there are MANY people to learn from. People who have been there and done it, and who offer advice so you don’t have to make the same mistakes they have. I’ve asked a selection of experts who know all about the right and wrong way to build a successful virtual team. This is what they say:

1. Chris Ducker: Create your 3 lists to freedom

“To save yourself time and money, create a list of: things you hate doing everyday, things you can’t do yourself, and things you shouldn’t be doing. This creates a blueprint of what your virtual team should work on, and allows you to effectively manage it.”

As founder of ‘Virtual Staff Finder’, Chris Ducker has helped entrepreneurs lead a balanced lifestyle for many years. What his ‘3 lists to freedom’ offers is your starting point, because it forces you to consider all the tasks you do (and could do), and hone in on what you should do. From there you can ensure your virtual team grows in a way that will save you time and make you money.

2. Erlend Bakke: Insist on a daily update

“My best tip is the daily update. This is what I ask them to send me: enter date and hours worked in total. What they did today. Two challenges encountered. Three questions they have for me. I have my three CEOs send me this update on a daily basis. It has saved me many hours over the past six years.”

This tip from the founder Mr Outsource, Erlend Bakke, is gold. You build a team to save yourself time, so the last thing you want is to chase updates, or have your team inundate you with questions. Instead, insist they update you each day with these key details. This allows you to stay in the loop, make necessary changes, and to do so without wasting your precious time.

“Talent wins games, but teamwork and intelligence win championships.” – Michael Jordan

3. Erin Blaskie: Create a solid backup plan

Create solid back up plans for if the worst case scenario were to happen. I had grown my own company to over 70 clients, and leaned on a few sub-contractors to help fill in the gaps. While this was great for clients to have that one-stop shop, it left me in a precarious situation when my lead web designer disappeared suddenly.”

As one of the early pioneers of virtual assistants, Erin Blaskie has seen the highs and lows of building a virtual team. A key component is to think how you can scale your operations at all times, and not rely on one (or a few) single person.

4. Kimanzi Constable: You shouldn’t let anyone have complete access to every part of your business

“Make sure you understand what you’ll give your virtual assistant access to and what you should give them access to. You shouldn’t let anyone have complete access to every part of your business.”

As a lifestyle entrepreneur and globetrotting consultant, Kimanzi Constable has built an ever-growing virtual team over the last few years. But he raises a good point, because you need to consider who has access to what in your business; and why. Failure here can have grand consequence, as Kimanzi found when one of his VA’s did the dirty.

5. Natalie Sisson: Share your business vision with your VA

Share your business vision with your VA, as it gets them on board with the bigger picture of why they do what they do. It also gives them ownership over their role, as they know what we’re trying to achieve as a team.”

After over a decade of travelling the world, Natalie Sisson built her Suitcase Entrepreneur community with the help of a virtual team. As she says, it’s important to help your team appreciate WHY they do what they do. Your aim isn’t to build a team, it’s to create a culture.

“Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results.” – Andrew Carnegie

6. Ari Meisel: Make the experience as rich as possible

Embrace asynchronous communication such as slack, and video messaging with Fika. Make the experience as rich as possible for people who are not in the same room as you.”

As an outsourcing advocate for many years, Ari Meisel built Get Leverage to provide his clients the virtual assistance they need. He appreciates the importance of communication, especially when you’re communicating with people in different rooms, countries, and continents.

There are an array of tools to communicate face-to-face these days, so don’t only speak to your virtual team over email. Involve them. Speak with them. Create an experience that leaves them feeling valued and part of a “real” team (not a virtual one).

The possibilities are endless for today’s success-seeking entrepreneur. A virtual team provides you the freedom you desire and the opportunity to grow. But there’s a right and wrong way to build one. After reading this post, I hope you understand how the best-of-the-best build theirs.

What are some of the ways you have built a great team for your business? Let us know by commenting below!

Image courtesy of Twenty20.com

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5 Mistakes New Entrepreneurs Make During Their First Year

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Would you consider selling 500+ million books a success? Of course you would, and it takes a rather creative and smart individual to achieve it.

JK Rowling is one of the most successful and celebrated authors of all time, but before her Harry Potter series grew into a global phenomenon, 12 publishers rejected her. Even the world’s most successful people fail. They make mistakes and suffer setbacks.

Such adversity never ends, not even when you reach the top. But it’s during your early stages when you suffer the most, because you only know what you know.  However, what if I told you there was a way to avoid many of the mistakes most people make. What if there was a way to avoid all that heartache, so you can fast-track yourself to the front of the line.  There is, and it isn’t as hard as you might imagine.

The smartest thing any new entrepreneur can do is to learn from other people. Why make your own mistakes when you can learn from other peoples’? Why suffer, when they have already created a solution to turn such failure into success?

This is what I did when I interviewed 160+ successful people for my latest book, ‘The Successful Mistake’. I dove into their biggest mistakes so you don’t have to make them.

Stop trying to do everything on your own. Nobody built an empire on their own. You need to involve others, and you need to build a team. Erin Blaskie tried to do it all by herself when she first created her virtual assistant business.

She found success. She had happy clients who loved her work. Yet it soon became too much, and the once high-standard that set her apart began to slip. Those clients jumped ship, and it left Erin exhausted. You cannot do this on your own. You need help. Don’t fight this, embrace it.

How To Fix This:

Think about all the tasks you do during an average week, and choose ONE to outsource. Over the next few days, find a VA who can do this work for you. Hire them next week. Start the process and never look back.

It’s easy to say yes. Saying yes feels good. On the outside, yes is a good word, because yes means more work and money. But the truth is, yes brings nothing but danger.

When Greg Hickman first started his business, him and his co-founder said yes to everyone. After all, their mobile marketing agency could potentially help any business, so they said yes to a restaurant… a bar… a barber… a golf course… and anyone else they could get a meeting with. Yes felt good, but ‘yes’ built zero traction. They tried to help too many people, and in the end helped nobody.

How To Fix This:

If you don’t have a customer avatar, you need to create one. This ‘single’ person is who you serve. Say yes to them, but no to everyone else (no matter how tempting it is).

Mistakes happen. Sometimes they are your fault. Sometimes they are not. No matter, there’s little point in playing the blame game. Brian Foley did when he first created BuddyTruk, and it remains one of his biggest ever regrets.

Despite a lot of investment, time, and effort, the first iteration of their innovative app fell short in every area. Brian and his cofounders were angry at the developers. They expected better, and they blamed them for this failure. But as they dove a little deeper, they realised there was more to the story. This failure arose, not down to incompetence, but due to poor communication.  Blame didn’t come up with a solution, but facing the issue head-on did.

How To Fix This:

The next time something bad happens, don’t blame anyone (especially yourself). Accept the mistake. Seek lessons from it. Communicate with your team. And then move on.

Fear is a part of life. Everyone has it, and no amount of money or fame removes it. But those at the top never let fear do their talking. Whereas those at the beginning of their journey often do. Debbie Millman did when she graduated college. She had dreams and ambitions, but she feared she wasn’t good enough; that the sensible option would be to get a job, climb the ladder, and do what ‘most’ people do.

She built a great CV and career, but Debbie continues to look back and wonder what she could have created if she pushed her fear to one side.

How To Fix This:

Do something that scares you today. Like Noah Kagan does, go to a coffee shop and ask for a 20% discount. The more you face your fear, the easier it is to overcome it.

 

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15 Myths About Personal Development & How to Leverage Them

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Self-development is a cool trend, and modern culture has even created a cult around personal development. It is so powerful that we accept its doctrines without any analysis because we get soaked into its promises of becoming “better people” that we unconsciously decide to spend our money on those promises. However, many of these tips and suggestions are somehow thrown to us without additional information on how to actually leverage them. (more…)

Zoe Carter, ESL teacher, skillful blogger and essay tutor at SuperiorPapers.com. I am always in search for new ideas in online advertising, search engine optimization and business writing.

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2 Comments

2 Comments

  1. Stefanie

    Aug 6, 2015 at 7:25 am

    ““A Players” know that it’s energy, not time, which is our most important resource as an entrepreneur.” – that one gave me an “aha”, a different perspective. That makes me think how to implement that since currently, I value time as a very important resource and I forgot about energy 🙂

  2. Ethan Bridges

    Aug 6, 2015 at 6:02 am

    Hey Jon, this post made me happier, it’s true. I gotta say my favorite is practicing self-care.

    Sometimes you’ll feel alone in your quest for meaning in life, then you read a post like this, and you realize you’re not alone at all. What’s better is you realize you *have* these attributes!

    Thank you!

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4 Traits Successful Entrepreneurs Have in Common That Sets Them Apart From Everyone Else

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successful entrepreneurs

Entrepreneurs are currently in high demand in the world today. As the world progresses in population, there are basic necessities that are needed to curtail this growing population such as the creation of jobs and providing a means of livelihood to accommodate this growth.

An entrepreneur is mandated with the task of not just looking out for himself only, but also procuring ways (either by developing products or services) to ameliorate the standard of living of others. Anyone can be an entrepreneur, but being a successful one requires acquiring traits that are not otherwise common to the vast population of individuals in the world.

Some of the prevalent traits you can spot amongst successful entrepreneurs are listed below:

1. They are early risers

Scientists devised a concept which infer 8-hours of uninterrupted sleep as an optimal duration to attain a good night’s rest. Interestingly, the scientists who came up with this concept don’t follow such rule! You can’t sleep for a long stretch of hours and expect to attain a considerable high degree of success in your field.

A good sleep isn’t measured by quantity but by quality. You can sleep for 10 hours and still wake up feeling dizzy and miserable. It all depends on your state of mind at which the sleep was initiated. Successful entrepreneurs understand that attaining a high level of productivity is greatly influenced by how much you’re able to get done with the time you have at hand.

To get more time to themselves, successful entrepreneurs wake up early enough to use those hours in resolving tasks or planning their day. This gives them an edge in reducing their daily work load and accomplish their set goals on time.

2. They are not busy, they are productive

Most people conflict being busy as synonymous to being productive. This isn’t correct to a large extent as it’s possible to be busy and still not be productive. Being busy could portray not having enough time for yourself, but successful entrepreneurs know the more productive you are, the more spare time you’ll have.

Productivity is highly centred on your ability to distinguish between what’s important and needs more adequate attention from what’s not. Successful people are skilled in streamlining their schedule and placing more priorities to tasks and issues that are most paramount.

They don’t try to do everything on their own (this will make them too busy), so instead of multitasking, they hire people to perform jobs for them. This in turn increases efficient delivery and salvage more time for themselves to deal with other pressing issues.

“If you spend too much time thinking about a thing, you’ll never get it done.” – Bruce Lee

3. They don’t shy away from risks

Successful entrepreneurs are driven by passion filled with purpose. Following this direction often requires you to take certain actions that may not be comfortable to accommodate reasoning and approval from people. This is one trait that is prevalent amongst the vast number of entrepreneurs- the tendency to trust your guts and instincts even if it violates logic.

Nothing great can be achieved from the position of comfort. Successful entrepreneurs understand this and are willing to stretch their boundaries and embrace chances to do what’s necessary rather than what is convenient.

4. They accommodate their mistakes and failures

Every successful entrepreneur has been through a series of mistakes, failures, pain and disappointments. But their unrelenting persistence in not choosing to bail out sets them apart from a generation that have been indoctrinated to prefer security rather than freedom.

As Mark Zuckerberg said, “the greatest successes come from having the freedom to fail.” Learning from failures and mistakes is an invaluable skill that successful entrepreneurs have harnessed over the years which has contributed to their vast level of experience and expertise in their various field.

“Entrepreneurs know that you are not going to learn anything unless you make a mistake.” – Robert Kiyosaki

Becoming successful in business or any chosen career doesn’t come cheap. The world will certainly test your passion, dedication, persistence and patience and still won’t hand success over to you. You have to make a demand and take it for yourself by not giving up because you can’t see the end of the tunnel, and not taking failure or disappointment personally. All of these obstacles are only part of the journey.

How do you fight every day for your dreams to become a reality? Please let us know by commenting below!
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5 Powerful Confessions From Entrepreneurs Who Never Went to College

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How important is college education for most of us? Can an entrepreneur become successful without a college diploma? Let’s see what secrets remarkable entrepreneurs may reveal to us about the way they survived without college.

Looking back at the experience we gather from the most powerful and famous business people, there’s more often a plus rather than a minus in becoming successful without a college degree.

1. Abraham Lincoln

“All I have learned,I learned from books.” – Abraham Lincoln

One of the 8 U.S. presidents who started as entrepreneurs and the only one who received a patent, Abraham Lincoln never went to college. In fact, he was not the only U.S. president who didn’t do it. 7 more presidents didn’t attend college as well.

One of the most striking confessions is that he valued books more than anything else that can educate. Proving that books were his teachers, Abraham Lincoln also acknowledged that his best friend would be a person who could give him a book he hadn’t read before.

No wonder, every entrepreneur with self-respect should read books. Abraham Lincoln proved that self-education is, actually, what makes us more powerful than we are. The 16th president of the United States invented a tool to lift riverboats over sandbars without a diploma as an evidence of his smartness.

2. Walt Disney

“All the adversity I’ve had in my life, all my troubles and obstacles, have strengthened me… You may not realize it when it happens, but a kick in the teeth may be the best thing in the world for you.” –  Walt Disney

The father of Mickey Mouse, the first animated feature film in the world, and Disneyland founder, Walt Disney considered books as a treasure as well. However, because of his inattentiveness and constant drawing, Disney dropped out of high school.

Thus, his stronger motivator was failure. Working on Snow White, one of his most successful projects, Walt lost nearly everything, ran out of money, and almost went down the drain. But that was one of the lessons that helped him become the king of cartoons.

3. Richard Branson

“The best way of learning about anything is by doing.” – Richard Branson

A risk-taker with over a $4 billion fortune and the founder of the Virgin Group, Richard Branson left school at the age of 16 to start his first business – Student magazine. Despite the fact, that he faced dyslexia during his school years, he managed to take a chance in his hands and do what he wanted.

Although, Richard says he has no secrets to hide, he still confesses that he works hard, smart and does it with fun. The power of doing is a secret ingredient to success, according to Branson.

4. Milton Hershey

“My experience has shown me that the people who are exceptionally good in business aren’t so because of what they know, but because of their insatiable need to know more.” – Milton S. Hershey

The founder of the Hershey Chocolate Corporation and a philanthropist, Milton Hershey changed 6 schools, because his family moved very often and, eventually, he left school after the 4th grade to become an apprentice to a printer. Later, he found his passion in candy making.

His idea about business success is not in knowledge, but in the desire to know. Motivation and curiosity can lead you to the unknown realms and open them with ease, if you are ready to experience changes. The only question is to what extend your need is insatiable.

5. Coco Chanel

“Success is most often achieved by those who don’t know that failure is inevitable.” – Coco Chanel

Being taught sewing by nuns, Gabrielle “Coco” Chanel, the only fashion designer to have been put on the 100 most influential people of the 20th century Time magazine’s list, never went to college. Her daring ambitions gave her strength to become one of the most successful designers in the world.

According to her words, the secret of success isn’t in knowing. Quite the opposite – it’s in unawareness. Virtually, it’s unknowing of the fact that failure is a must-be in business. And here’s when fear comes next after you think of a possible fiasco. Without knowing, there’s no fear. Consequently, you’re not afraid to stumble and fall, because you do not know it’s initially programmed.

What unites all these outstanding entrepreneurs? Except for the absence of a college degree? It’s the ability to acknowledge what actually ruled their success. And that’s not college education. Educators, professors and teachers who strive to make college education more proactive and productive can never substitute the inner power of a budding entrepreneur.

Have you met any entrepreneurs who never needed a college degree to become what they are now? Share your experience in the comments.
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How to Lead a Virtual Team: 6 Essential Tips You Need to Know

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virtual team

The rules have changed. You don’t need an office. You don’t need investors. You DO NOT need permission!

Today, anyone with a good idea (and an addiction for success) can start their own business. Within a matter of months you can build a six-figure business. It takes dedication and commitment, as you already know, but another vital ingredient many forget about in the beginning (I know I did) is to involve others.

You cannot do ‘this’ on your own. You need a team, but once again the rules have changed. You don’t need an office. You don’t need local people you ‘see’ each day.  There’s a new kid in town.

Introducing Your Virtual Team:

Virtual assistants… freelancers… location independent workers… there’s an entire generation who don’t wish to play by yesterday’s rules. The likes of Buffer and Infinitus have built seven-figure companies with no headquaters. Big name entrepreneurs like Michael Hyatt are building teams with no boundaries. The opportunities for a go-getting success seeker like you are vast.

But, building your virtual team is dangerous. There are many pitfalls to building a virtual team. Lucky for you and me there are MANY people to learn from. People who have been there and done it, and who offer advice so you don’t have to make the same mistakes they have. I’ve asked a selection of experts who know all about the right and wrong way to build a successful virtual team. This is what they say:

1. Chris Ducker: Create your 3 lists to freedom

“To save yourself time and money, create a list of: things you hate doing everyday, things you can’t do yourself, and things you shouldn’t be doing. This creates a blueprint of what your virtual team should work on, and allows you to effectively manage it.”

As founder of ‘Virtual Staff Finder’, Chris Ducker has helped entrepreneurs lead a balanced lifestyle for many years. What his ‘3 lists to freedom’ offers is your starting point, because it forces you to consider all the tasks you do (and could do), and hone in on what you should do. From there you can ensure your virtual team grows in a way that will save you time and make you money.

2. Erlend Bakke: Insist on a daily update

“My best tip is the daily update. This is what I ask them to send me: enter date and hours worked in total. What they did today. Two challenges encountered. Three questions they have for me. I have my three CEOs send me this update on a daily basis. It has saved me many hours over the past six years.”

This tip from the founder Mr Outsource, Erlend Bakke, is gold. You build a team to save yourself time, so the last thing you want is to chase updates, or have your team inundate you with questions. Instead, insist they update you each day with these key details. This allows you to stay in the loop, make necessary changes, and to do so without wasting your precious time.

“Talent wins games, but teamwork and intelligence win championships.” – Michael Jordan

3. Erin Blaskie: Create a solid backup plan

Create solid back up plans for if the worst case scenario were to happen. I had grown my own company to over 70 clients, and leaned on a few sub-contractors to help fill in the gaps. While this was great for clients to have that one-stop shop, it left me in a precarious situation when my lead web designer disappeared suddenly.”

As one of the early pioneers of virtual assistants, Erin Blaskie has seen the highs and lows of building a virtual team. A key component is to think how you can scale your operations at all times, and not rely on one (or a few) single person.

4. Kimanzi Constable: You shouldn’t let anyone have complete access to every part of your business

“Make sure you understand what you’ll give your virtual assistant access to and what you should give them access to. You shouldn’t let anyone have complete access to every part of your business.”

As a lifestyle entrepreneur and globetrotting consultant, Kimanzi Constable has built an ever-growing virtual team over the last few years. But he raises a good point, because you need to consider who has access to what in your business; and why. Failure here can have grand consequence, as Kimanzi found when one of his VA’s did the dirty.

5. Natalie Sisson: Share your business vision with your VA

Share your business vision with your VA, as it gets them on board with the bigger picture of why they do what they do. It also gives them ownership over their role, as they know what we’re trying to achieve as a team.”

After over a decade of travelling the world, Natalie Sisson built her Suitcase Entrepreneur community with the help of a virtual team. As she says, it’s important to help your team appreciate WHY they do what they do. Your aim isn’t to build a team, it’s to create a culture.

“Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results.” – Andrew Carnegie

6. Ari Meisel: Make the experience as rich as possible

Embrace asynchronous communication such as slack, and video messaging with Fika. Make the experience as rich as possible for people who are not in the same room as you.”

As an outsourcing advocate for many years, Ari Meisel built Get Leverage to provide his clients the virtual assistance they need. He appreciates the importance of communication, especially when you’re communicating with people in different rooms, countries, and continents.

There are an array of tools to communicate face-to-face these days, so don’t only speak to your virtual team over email. Involve them. Speak with them. Create an experience that leaves them feeling valued and part of a “real” team (not a virtual one).

The possibilities are endless for today’s success-seeking entrepreneur. A virtual team provides you the freedom you desire and the opportunity to grow. But there’s a right and wrong way to build one. After reading this post, I hope you understand how the best-of-the-best build theirs.

What are some of the ways you have built a great team for your business? Let us know by commenting below!

Image courtesy of Twenty20.com

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Entrepreneurs

5 Mistakes New Entrepreneurs Make During Their First Year

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new entrepreneur

Would you consider selling 500+ million books a success? Of course you would, and it takes a rather creative and smart individual to achieve it.

JK Rowling is one of the most successful and celebrated authors of all time, but before her Harry Potter series grew into a global phenomenon, 12 publishers rejected her. Even the world’s most successful people fail. They make mistakes and suffer setbacks.

Such adversity never ends, not even when you reach the top. But it’s during your early stages when you suffer the most, because you only know what you know.  However, what if I told you there was a way to avoid many of the mistakes most people make. What if there was a way to avoid all that heartache, so you can fast-track yourself to the front of the line.  There is, and it isn’t as hard as you might imagine.

The smartest thing any new entrepreneur can do is to learn from other people. Why make your own mistakes when you can learn from other peoples’? Why suffer, when they have already created a solution to turn such failure into success?

This is what I did when I interviewed 160+ successful people for my latest book, ‘The Successful Mistake’. I dove into their biggest mistakes so you don’t have to make them.

Stop trying to do everything on your own. Nobody built an empire on their own. You need to involve others, and you need to build a team. Erin Blaskie tried to do it all by herself when she first created her virtual assistant business.

She found success. She had happy clients who loved her work. Yet it soon became too much, and the once high-standard that set her apart began to slip. Those clients jumped ship, and it left Erin exhausted. You cannot do this on your own. You need help. Don’t fight this, embrace it.

How To Fix This:

Think about all the tasks you do during an average week, and choose ONE to outsource. Over the next few days, find a VA who can do this work for you. Hire them next week. Start the process and never look back.

It’s easy to say yes. Saying yes feels good. On the outside, yes is a good word, because yes means more work and money. But the truth is, yes brings nothing but danger.

When Greg Hickman first started his business, him and his co-founder said yes to everyone. After all, their mobile marketing agency could potentially help any business, so they said yes to a restaurant… a bar… a barber… a golf course… and anyone else they could get a meeting with. Yes felt good, but ‘yes’ built zero traction. They tried to help too many people, and in the end helped nobody.

How To Fix This:

If you don’t have a customer avatar, you need to create one. This ‘single’ person is who you serve. Say yes to them, but no to everyone else (no matter how tempting it is).

Mistakes happen. Sometimes they are your fault. Sometimes they are not. No matter, there’s little point in playing the blame game. Brian Foley did when he first created BuddyTruk, and it remains one of his biggest ever regrets.

Despite a lot of investment, time, and effort, the first iteration of their innovative app fell short in every area. Brian and his cofounders were angry at the developers. They expected better, and they blamed them for this failure. But as they dove a little deeper, they realised there was more to the story. This failure arose, not down to incompetence, but due to poor communication.  Blame didn’t come up with a solution, but facing the issue head-on did.

How To Fix This:

The next time something bad happens, don’t blame anyone (especially yourself). Accept the mistake. Seek lessons from it. Communicate with your team. And then move on.

Fear is a part of life. Everyone has it, and no amount of money or fame removes it. But those at the top never let fear do their talking. Whereas those at the beginning of their journey often do. Debbie Millman did when she graduated college. She had dreams and ambitions, but she feared she wasn’t good enough; that the sensible option would be to get a job, climb the ladder, and do what ‘most’ people do.

She built a great CV and career, but Debbie continues to look back and wonder what she could have created if she pushed her fear to one side.

How To Fix This:

Do something that scares you today. Like Noah Kagan does, go to a coffee shop and ask for a 20% discount. The more you face your fear, the easier it is to overcome it.

 

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