I’d reached the end of an interesting lunch with a brand new friend. We both ordered the kale salad, so I knew it was going to be a good meeting. Why the man showed up, I’ll never know. I say this because his dog was sitting at home with more than forty-eight hours to live.
In fact, his dog could have passed away while he was having lunch with me – thankfully the dog didn’t. Given the extremities of the situation, I was respectful and let my new friend get home to his sick dog and spend the last few hours he had left with him.
This thought alone made be feel sad. It reminded me of what it was like when my own dog passed away. As we walked out of the café my new friend mentioned the name of a business and I said to him, “Oh that’s cool that your friend owns that company, my friend is a shareholder.”
He asked for my friend’s name, and I told him. What then occurred reminded me of the important lesson I’m going to share with you shortly; your credibility can be lost overnight.
What did my friend say that made him lose all of his credibility?
For the next fifteen minutes, we stood in front of the café, and my new friend explained what my other friend had done. He explained that my friend had told all sorts of people from various walks of life, extreme exaggerations.
To ensure I got the point, he pulled out his phone. On his phone, he brought up my friend’s personal website which I had never seen. The website had a description of my friend that made some big claims which I knew to be untrue.
The further we got into the bio, the more ridiculous it became. The bio was written as though the future had already happened. There was a description of a business that sold for a large amount of money in the future.
Everything was written in an oddly strange way, and there was even some highly inappropriate revenue streams that were mentioned in the bio. Even if it was supposed to be a joke (it wasn’t) it managed to close lots of doors for my friend that he probably wasn’t aware of.
While this man is my friend, I knew that from a business point of you he was not someone to be taken seriously. I didn’t hate him for that I just accepted it.
The conversation then went on further and as it turned out, my friend didn’t just talk rubbish on the internet, he did the same in real life. He had asked for lots of money from some very important people and did so in an idiotic way. He even asked for a car space at their office. (This may seem minor, but where I live, no one has a car space at their skyscraper office).
At the end of all of this strange and unusual demonstration of my friend’s shortcomings, I left feeling stupid even though the story wasn’t about me. That’s the power of doing something that can destroy all of your credibility.
Keep these 5 things in mind so that you don’t lose all of your own credibility:
1. It’s okay to dream big just don’t be a d**k about it
Having big dreams is what entrepreneurship and life is all about. My only caution to you is don’t be a d**k about it. There’s a way to position your giant goals and not sound like some drunken idiot who just did a line of coke and thinks their cool.
Outline your goals using your passion and purpose. Then, when you describe your big goals to people listening, they will see the real you and not some ugly moron.
2. Don’t makeup lies
This one’s obvious. If you lie then you will never have any credibility – forget about losing it. Lying makes you appear like a person that is not worth getting to know.
“Lies will destroy your success and cause everyone to lose faith in what your message to the world is”
Tell people how it is, and you’ll be surprised how your real purpose and success are bigger than you think. All of us know when someone is lying so don’t think you’re fooling anyone. Just like my friend, you will suffer the consequences and be locked out from every decent opportunity that has your name written all over it.
3. You won’t know the damage you’ve done
Doing something foolish like my friend and making false claims will cause people to run the opposite direction from where you’re heading. The unfortunate thing is that you will often never know this. When people know that you’re fake like the Instagram models, they disappear without you knowing.
In the story above, my friend caused lots of people to stay away from him, but he doesn’t know this. On the surface, he thinks his massive claims are helping him win. They’re clearly not. It’s hard to confront someone who has overstated themselves and told lies.
99% of people won’t go through the effort. What they will do, though, is become the unsung hero and warn everyone of your BS and lies. You’ll create raving fans in the process; it’s just these fans will do the exact opposite of helping you.
4. People remember drongo’s who talk about themselves too much
We’ve all been to that party where some douchebag keeps telling everyone how incredible they are at everything. Don’t we all wish we could be them (not)? To avoid losing your credibility, don’t make every conversation about you.
Instead, become like Larry King and be fascinated with asking questions and listening to the answer. Forget trying to be memorable if it’s for all the wrong reasons. I’ve found the more you wind back your ego, the bigger the magnet you become for meeting fantastic, sometimes famous, influential game-changers.
The one nightstand that is your ego is not worth the damage it does to your credibility. Don’t be like my friend and learn from his mistakes.
5. Visionary can sometimes sound ridiculous
There’s a fine line between visionary and sounding very stupid. I’m someone that likes to think big and talk about visionary ideas, so I am very susceptible to the fine line between success and failure. Visions can easily sound stupid (like my friends) if you don’t back it up with anything.
If you haven’t thought about how you are going to achieve your vision, and you’re the only one that believes it after five years, something’s wrong buddy. I’m not saying you shouldn’t dream, just make sure that you’ve nailed the building blocks of your dream and can talk about it with some confidence.
We’re all selling something to someone even if we don’t realise it. The more you pitch your vision with honesty and reframe from big claims, the larger the pool of positive raving fans becomes. Our BS radars are at an all-time high, and the internet has forced us to be more transparent than ever. Remember this before you are like my friend and makeup fantasies that can easily be proven wrong.
Have you met anyone that has lost all of their credibility overnight? Let me know on my website timdenning.net or my Facebook.
What if Elon Musk Ran Your Business? 4 Lessons From the Real Life Iron Man
The story of Iron man and Elon Musk starts when Robert Downey Jr. visited SpaceX headquarters miles away from the setting of the first Iron Man movie back in 2007. The actor was inspired to base his character on Elon Musk’s personality. Ashlee Vance writes in Elon’s biography “both Musk and Stark were the type of men, according to Downey, who ‘had seized an idea to live by and something to dedicate themselves to’ and were not going to waste a moment.” (more…)
5 Ways to Prepare for Your Entrepreneurial Journey
There are many ways to get ready for entrepreneurship regardless of whether you’re ready or not. The migration to the unknown will take you through many places, emotions, and people. Your journey will be both easy and difficult, but hopefully in between, you prepare yourself with an expectation of helping people by solving problems. The quest that you are about to enter will be one to remember if you are willing to adapt quickly and not give up.
Arranging for this huge change in your life should be one of the most memorable expeditions that you will ever experience. Looking into the future and being able to lay out a road map for your entrepreneurial journey will definitely be beneficial. Though there will be challenges every step of the way, being prepared will help you achieve your goals more efficiently.
To help you get started, here are 5 ways to plan an entrepreneurial expedition:
1. Form Ideas By Visualizing And Writing Them Down
Before beginning your entrepreneurial quest, brainstorm to come up with many amazing ideas even if you never act upon each of them. It’s always a good thing to write them down on paper, computer or via a mobile device app such as Google Docs. An abundance of suggestions about your processes is better than none or even a few objectives that can possibly help in some way.
The key is to breakdown those ideas to come up with better solutions to move forward in your voyage. See what’s more in line with your mission and values to be effective for your core audience, products or services that you may want to create. Whether you categorize those ideas or check them off one by one, coming up with different concepts will be a great start to your journey.
“Creativity is contagious – pass it on.” – Albert Einstein
2. Begin A Pattern Of Consistency By Quitting Bad Habits
Repetitive actions can present their challenges but if there’s a way to make progress and eliminate bad habits that aren’t hindering your itinerary then keep doing them. Have you ever noticed that negative thoughts, lack of confidence, and no exercise regimen could negate persistence of not only your entrepreneurial journey but other goals as well?
Get your mojo or swagger back by committing to a life of constant and everlasting consistency by stopping eating bad foods, wasting your time with hours of playing video games, watching television and other things that will stall your progress. When you get rid of actions that are slowing down aspects of your life, you’ll begin to pursuing things to help you lay the groundwork for success.
3. Be Disciplined While Listening More
Another way to prepare for your entrepreneurial journey is by being in control of yourself while paying more attention to everything else. It’s quite common to focus on things outside of your realm and instantly become something other than what you see fit. Difficulties can arise if your focal point isn’t there and somehow an opportunity pass right by you.
Mentorship even from a distance from someone that you don’t know can be a key element as you learn the importance of your mission. Listening to podcasts and watching YouTube videos of someone that has validated your idea is a great starting point as well. Mimicking them on some level can help you understand different phases that are ahead and how to deal with them.
“Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young.” – Henry Ford
4. Work Effortlessly And Prioritize Your Time
You will have to work extremely hard with an emphasis on actual time value before pursuing your pilgrimage. We often hear about the results of hard work and it sounds cliche but when many other things are happening outside of your control, finding a way to manage your time can become difficult.
Most people will start off alone with zero help in terms of having a partner and putting in 100% effort. You will likely wear multiple hats as the visionary, programmer, marketer, content creator and so on. You may have to function with only 3 or 4 hours of sleep or even none at times while being respectful and cognitive of the time of others as well.
5. Persist Like There’s No Tomorrow While Planning For The Future
What’s in you? Nobody knows the answer to that question but you and the determination for reaching your destination as an entrepreneur. Whatever the answer is, you should be driven with an undaunted passion to pursue your expedition. Go after your dreams with a tenacity that you didn’t know was within your soul and keep pushing no matter what.
Be mindful that your strong pursuit can be done all while determining the proper destination of where you want to eventually end up. Never lose your focus admist numerous distractions that will happen. The emphasis comes from experience along with talking to other entrepreneurs who had similar occurrences at multiple stages of the process.
Put in the work early with the mindset of expecting obstacles and pushing forward pass them. It will be tedious and preparing for a grind will make your entrepreneurial journey more understandable through tough times. You will be a lot wiser and better after all of the hard work whether it’s considered a failure or success.
Which one of the above 5 ways to prepare for your entrepreneurial journey resonated most with you and why? Share your thoughts below!
7 Things You Need to Do to Grow as an Entrepreneur
Startups are on the rise and youngsters are keen to launch their own business instead of a nine-to-five job. As simple as it sounds, opening a business needs patience and the right planning. Moreover, the profits gained can help you meet your financial obligations and realize other dreams.
Young entrepreneurs must learn the skills of investing money within the right channels as most startups fail because of a shortage of funds. Every entrepreneur has a chance to innovate, create new jobs and have an influence on society. It’s our responsibility to continually grow and push forward, usually beyond our comfort zones.
Here are the seven must-learn tips to grow as an entrepreneur:
1. Read Books and Articles
For many new entrepreneurs, your first mentors are usually found in the pages of books and blogs. Much often learned from the writings of others, and fortunately these days, people are sharing their experiences. A survey found that 88% of the world’s wealthiest people read for a minimum of 30 minutes daily. By comparison, only 2% of the overall population reads this much daily.
Read chapters in books, and articles to get new ideas and skills. Some ideas might not be directly relevant to what you’re doing these days however, it could come helpful a year or so down the road.
My advice is to search out those leaders and writers who resonate with you. You’ll understand when you’ve hit on something when you find yourself returning to a book for answers and inspiration time and time again.
“Books give a soul to the universe, wings to the mind, flight to the imagination, and life to everything.” – Plato
2. Perform SWOT Analysis
Business students and old-school marketers should be very aware of mapping out SWOT Analysis charts (Strengths, Weaknesses, Opportunities, Threats). If you’ve never made a SWOT chart, write out the strengths, weaknesses, opportunities, and threats in four quadrants on a piece of paper.
In reality, you’ll jot down a couple of notes on the back of a cocktail napkin, however despite the simplicity, if done right, a SWOT will shed light on crucial areas that require improvement. Most significantly, don’t shy away from the truth. Dissecting your weaknesses isn’t fun however, no good comes from avoiding the fact.
3. Be Willing to Take Risks
It’s impossible to become an entrepreneur if you don’t take risks. Doesn’t matter how many times you’ve fallen. See how many times you stand-up. Being an Entrepreneur isn’t that easy; it’s an up-and-down game like a business. Be willing to come up with new plans even when old strategies are working. It’s through such risks that your business will grow. You’ll learn and meet new partners or investors. Even so, the risks must be calculated. Doing the analysis and making consultations is vital in this case.
4. Open Your Eyes Wide
Many opportunities are arising in the business world every day. For instance, many companies are willing to come up with a mobile solution for a startup without charging immoderate prices. This info can only be discovered if you’re keen.
Before dismissing adverts from websites and mainstream media, conclude if they’re relevant to your business. Also, follow the events happening in the stock market and international business summits. You’ll find the opportunities which will take your business to a new level.
Becoming successful as an entrepreneur is possible if you learn, take risks, evolve, innovate, and stay motivated. You must be realistic regarding your abilities and watch the events that unfold in your world.
5. Lead the Way for Your Team
Young entrepreneurs need to encourage employees and provide help at every juncture. For any young entrepreneur who aspires to be a leader it’s necessary to be:
- Courage and Risk Taking
- A Team-player
- An effective listener
- An effective communicator
- Able to inspire confidence
An entrepreneur who has all the attributes of a leader leads the employees to productivity. It’s essential that the team respects a leader. The hunger and aspirations of the leader to strive for success inspire the employees to put in that extra effort to be successful.
“A leader is one who knows the way, goes the way, and shows the way.” – John C. Maxwell
6. Learn How to Keep Initial Success at Bay
Do not enjoy the shrubs of initial success for too long. Return to the drawing board and draw the future course of action. To move on to the next phase:
- Utilize local and online channels to make hype for the services
- Start expanding by hiring employees to enhance productivity
- Cater to a good segment of the audience by providing various services
- Re-invest the profitable revenue into new business efforts
Never let the initial success get to your head. The online platform is an ever-changing arena. Analyze what’s working and what new tactics can be utilized to strengthen the market base.
7. Find and Keep Business Partners
You will always go far if you have people to carry your hand during hardship in business. They’ll share ideas that have made them successful and provides you funds whenever necessary. Demonstrating that you are organized, capable, and serious is vital when nurturing such relationships. Keeping records, creating financial contributions to society, and attending forums are some of the choices worth trying.
Being an entrepreneur isn’t as easy as it looks. You’ll face many up-and-downs, risks, financial crisis, and many more. Be ready to face these problems if you want to be an entrepreneur. Entrepreneurship isn’t about making money, it’s about innovating new things and represent new concepts and ideas to the world.
Transitioning From Employee to Entrepreneur? Try Intrapreneurship First
Studies show that 15 million Americans are self-employed full-time and that an estimated 27 million Americans will transition from the traditional workforce to full-time entrepreneurship by 2020. Additionally, it is asserted that entrepreneurs are 125% more successful if they have previously been employed in the industry in which they presently do business. This is all great news on many levels.
Chances are, if you are reading this article, you are considering transitioning from employee to entrepreneur, or perhaps you have already made the shift. I get it. I am one of the millions who has made the switch – trading stability and comfort for passion and freedom. However, if you are a potential full-time entrepreneur, there are many things to consider before making the leap.
How will I support myself and my family in the initial stages of development? What do I do if I fail? How do I maintain the drive needed to make a business successful? How will my business harness the creativity and innovation required to thrive in the marketplace? These are all valid questions and should be considered deeply.
If only there were a training ground to test your management capabilities, gain knowledge, think innovatively and be solution-focused. But, wait, there is. Your current employment can offer these opportunities and more – through intrapreneurship.
By definition, an intrapreneur is an employee of a company who has adopted an entrepreneurial mindset. Intrapreneurs are highly motivated self-starters and innovative, solution-driven thought leaders, who work within an organization. Because of this definition, acting in an intrapreneurial capacity in your current place of employment makes a great deal of sense when considering the move to self-employment. You can use your current employment status as a testing ground for where you want to be.
Here are four reasons why intrapreneurship can work for you:
1. See a problem. Solve a problem
All businesses should be designed to fulfill a need. Just as your own business should be able to justify its existence in the marketplace, initiatives within an organization should do the same. Closely examine processes and products in your place of employment. Determine what could be executed more productively. Alternatively, design a new initiative to creatively meet and exceed customer expectations. Acting in this manner will prepare you for building the structure and mission of your own business.
2. Creatively capitalize on skills and talents gained outside your employer
In many instances, we separate business from personal, and there are many good reasons for this approach. However, there are notable skills and talents used in your personal life that are transferable to the workplace. For example, if you engage in team sports, use your team building skills and charisma to involve your colleagues in projects.
If you love to read fiction books, integrate the creativity of the stories to bend the thinking of traditional methods of operation. The possibilities are many. Business owners rely on all life experiences, directly or tangentially related, for the benefit of their enterprises.
3. Intrapreneurship is for all employment levels
If you think intrapreneurship is only for c-suite executives, think again. Intrapreneurship is for the mailroom to the boardroom. As noted in the definition, intrapreneurship is about being a self-starter. You do not need permission from anyone to be highly motivated. Just as all parts of our bodies have a function, so do all positions in an organization. Even if you feel your position has no purpose in your organization, make one. We all have to start somewhere in our entrepreneurial journeys, so start right now, where you are.
4. Experiencing failure is inevitable. Move forward anyway.
All of us will experience failure at some point and multiple times as well. Failure will happen regardless if you remain employed or set out on our own. Be bold enough to move forward with establishing your voice and your place anyway. Business and life are about forward movement. Decide now what next step you will take if you fail. There is always a path forward. Get used to the possibility of your ideas being rejected and your designs being flawed now, so when you are a full-time entrepreneur, you will know how to advance.
Whether you are at the infancy stages of developing your own business, currently self-employed or even wish to remain an employee, establishing yourself as an initiator and innovator can reap many benefits for you and your company. That is the beauty of it.
6 Important Things to Consider When Choosing an Investor
3 Reasons Why Getting Clear Is Important for Your Business
3 Ways to Rethink Motivation in a Busy World
55 Inspirational Quotes That Will Change Your Life
72 Positive Thinking Quotes For More Inner Strength & Growth
30 Famous Quotes That Will Inspire Success In You
- Life6 days ago
How Stress Can Actually Improve the Quality of Your Life
- Motivation2 weeks ago
A Step by Step Process That Will Help You Make the Impossible, Possible
- Entrepreneurs2 weeks ago
What if Elon Musk Ran Your Business? 4 Lessons From the Real Life Iron Man
- Success Advice2 weeks ago
The 7 Secrets of High Achievers Revealed
- Quotes4 weeks ago
30 Inspirational Quotes by Michelle Obama That Will Lift Everyone Up
- Success Advice4 weeks ago
The 5 Components of Emotional Intelligence for Great Leaders
- Life3 weeks ago
10 Things You Must Do to Live Your Best Life
- Life4 weeks ago
5 Productivity Hacks to Help You Win at Anything