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Why Peter Jones Is So Successful

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The persistence and determination of Peter Jones means that Success was his only option.

Peter Jones estimated net worth is $475 Million.

Peter continues to expand his business empire and his personal brand. He is perhaps best known for his role in the TV Show’s Dragon’s Den and American Inventor.

Peter has earned his hundreds of millions from a diverse range of business interests, starting with making computers and opening a cocktail bar before progressing into mobile phones, media, leisure, property and TV shows.

Jones’ passion for expansion has led him to become an entrepreneur in a wide range of businesses as well a well respected startup investor.

Peter Jones’ First Business

young peter jones entrepreneurPeter was a visionary from a very young age, he recalls how he would sit in his dad’s office and imagine running a multi-million dollar business. Peter was still a teenager when he realised that he had the talent and skills to be a successful businessman. He combined this business acumen with a love of tennis and spent several summers working at his English Teacher’s summer tennis school. Always keen to learn, Peter wasn’t just working, he was learning. Peter wanted to understand how the business worked and discover how he could do it himself.

Peter didn’t stop there, he went on to pass the exams required to be a tennis coach and opened his own tennis school. As far as Peter is concerned, this is where he became an entrepreneur because he was driven by passion under the tutelage of a mentor that he loved.

 

Peter’s Twenties

After leaving his teens behind, Peter showed no signs of slowing down. He founded a successful computer business which led him to finally start to walk in his vision of a nice house, luxury cars and a large disposable income. However, the business took a turn for the worse and he ended up losing it. After the fall of the computer business, Peter opened a cocktail bar and a computer support business, with the cocktail bar losing him a substantial amount of money.

As his twenties came to close, Peter had no car, money or house so he took a job a in a business that he would end up running in less than a year.

“I passionately believe that you should start a company that you really believe in. Don’t start something that you have no interest in, start something that you’re passionate about.” Peter Jones

 

Peter’s Business Empire

 

Phones International Group

(Founded in 1998)

peter jones phones, peter jones media, peter jones entrepreneurPeter’s next venture after leaving his corporate position was to set up Phones International Group to provide wireless and mobile communications solutions. When the business was in its infancy Peter’s bed was the office floor. However, by the end of the first year revenue had reached $21 million and $65 million by the end of the second year.

Peter had founded one of the fastest growing businesses in Europe with a turnover of more than $220 million by 2006.

“Believe in yourself, never give up and go about your business with passion, dive and enthusiasm.” Peter Jones

 

Red Letter Days

(Purchased in 2005)

peter and theo red letter

In 2005, Jones combined with fellow Dragon’s Den star Theo Paphitis to rescue the company Red Letter Days.  Peter’s new company gives experience day vouchers as personal gifts and corporate rewards, ranging from spa days, to racing cars, parachuting and kayaking.

Immediately after taking over the company, Peter and Theo Paphitis decided to honour $25 million of outstanding vouchers to customers.

 

 

Jessops

(Purchased in 2013)

peter jones jessops, peter jones photography, peter jones entrepreneur

After the UK’s legendary photographic retailing giant entered administration in early 2013, Peter Jones stepped in and resurrected the business.

Peter invested several million pounds into the business and has since taken the company from 0 retail stores up to 37 in a very short space of time. Another testament to Peter’s ‘can do’ attitude.

 

 

Peter’s Investments

From 2004 onwards Peter Jones founded and invested in many other businesses including Wines4Business.com, Celsius Recruitment, Reggae Reggae Sauce and Concentrate Design which creates products that aid the concentration of children in schools.

 

Peter on TV

Peter has worked on three major television projects:

1. Dragon’s Den for the BBC which shows entrepreneurs present their business ideas to a panel of ‘Dragons’, one of which is Peter Jones. The entrepreneurs pitch for financial investment for a stake of their company in return.

2. American Inventor which he sold to the American broadcasting company and was co-produced by the Peter Jones Television Company Fremantle and Simon Cowell. The show on which Peter Jones was a judge went on to put ABC ahead of other networks and became a number show in America.

3. Tycoon was produced by the Peter Jones Television Company after Peter signed a deal with UK broadcaster ITV to become the face of business television.  The programme where Peter searches for entrepreneurs with ideas that he can turn into profitable companies achieved viewing figures in excess of 2.1 million people.

 

The Present Day

Peter continues to have many interests across a broad range of businesses that employ over 1,000 people. generating sales upwards of $370 million. As an investor, Peter regularly adds to his ever increasing portfolio of over 40 businesses within the publishing, TV, entertainment, food, new media and product design industries.

Adding to his own, personal interests Peter gives a lot back by focusing on developing Entrepreneurial talent within the UK with a particular focus on allowing young people and young enterprise to thrive under the right guidance.

 

Conclusion

Everything that a young Peter Jones sat and visualized in his father’s office became his reality. There was nothing that could dampen the resolve of this inspirational entrepreneur. Businesses collapsing couldn’t stop him, expensive cocktail bar investments couldn’t stop him, sleeping on his office floor couldn’t stop him. Nothing can stop Peter Jones, that is what makes him successful.

As Peter Jones continues to give back and develop young, entrepreneurial talent he will continue to take calculated risks and laugh in the face of any adversity.

An incredible man who can teach us all a lot about about the value of self-belief and persistence.

 

Peter Jones Golden Rules for Success

Jermaine Harris is a Coach, Trader, Author and Speaker. He is passionate about human potential and empowering others to change their lives in the same way he did. Jermaine believes that the opposite of being 'stuck in a rut' is possible and explains how in his book, The Rut Buster. Get to know Jermaine better at: jermaine-harris.com

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2 Comments

2 Comments

  1. pablo

    Jan 13, 2016 at 10:29 am

    Thanks guys! Really good info 🙂

  2. Adrian

    Jan 28, 2015 at 1:27 pm

    Just belive in your choice. 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneurs

7 Days to Success: a Weekly Ritual to Become a Successful Entrepreneur

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successful entrepreneur

We’ve often said there is no exact formula for success. While that’s true, there are some definite steps you can take to move your business in the right direction. If we could put this into some orderly sequence and create a system to follow every day, wouldn’t it be nice?

We brainstormed some ideas and here’s what we came up with. We’re not saying that these seven things are the only things you should do, but if you try one per day for seven days, you might be able to create new habits faster than you think!

Sunday: Planning day

Rest and plan. When things are quieter, take some time on Sunday afternoon to reflect on what you did the week before. After this, brainstorm some “mini-goals” you’d like to see accomplished in the coming week. Don’t try to plan too much at once, just think of the tasks that are the most productive and focus on those primarily. Always “plan in analog” and write them on a yellow legal pad or white paper so you can feel free to mess up and scratch out various ideas without limits. Lastly, “weed your garden” and transfer the best ideas to your “to do” list for the week.

Monday: Implement

Once you have the main ideas you plan to implement, plan the most important ones into your work week. You can spread the tasks out over the various days of the week or do three or four in one week. Focus on the most productive tasks you think will bring in the most revenue and save the others for when you have more time. Write up to six things on your “to do” list that you think you can achieve for each day.

Tuesday: Get up earlier

Though I am a night owl myself, I’ve learned that I can gain much more momentum if I get up earlier in the day and do a couple of important things before the day gets started. This idea has been shared by others in the past in the form of books that recommend that you get five things done before 11am and other similar ideas. We’re not saying that you have to do any certain number of tasks before 11. Rather, it just means you can use the early morning hours to achieve as much as possible to jumpstart your day. This technique may make you feel more productive and inspire you to keep working later to achieve even more.

“One key to success is to have lunch at the time of day most people have breakfast.” – Robert Brault

Wednesday: Focus on branding

Marketing is one of the most challenging things a business owner has to do to get their brand noticed. Yet, many often miss the mark because branding is more important than marketing. Despite what you might think, they are not the same. Marketing is focusing on products and services. Branding is focusing on your business and how it helps people to reach their personal goals. When you focus on branding, you are working on integrating all of the aspects of your marketing plan into one solid strategy which will place your brand in front of more people through multiple platforms and channels.

Thursday: Innovate and create

If you are a product-oriented business, Thursday is a good day to focus on innovation. Maybe you have your “creative team meetings” at another time, and that’s fine. Nonetheless, spend some time thinking about the innovative side of your business and write down some ideas for your next project. Get inspired and think about what Steve Jobs meant when he told his staff, “We’re going to pretend the universe.”

Friday: Evaluate and revamp

It has been said that “a life unexamined is not worth living,” but a business that is not measured is not worth having either. Take one day a week to evaluate how you are doing. Look back at your metrics, your ROI, and your sales on Friday and see how it compares to the week before or the month before and think about where you want to be in the next six months or year.

“Don’t lower your expectations to meet your performance. Raise your level of performance to meet your expectations. Expect the best of yourself, and then do what is necessary to make it a reality.” – Ralph Marston

Saturday: Do something fun

Yes, even obsessed entrepreneurs need a little downtime. Otherwise, what are you doing this thing called entrepreneurship for? Taking a little time for yourself and doing something you love like painting, birdwatching or photography can renew your mind and spirit and get you ready for a new week. Do anything you enjoy that is helpful for recharging your batteries. Get into meditation or check out the Calm app. It can rejuvenate your mind and spirit leading to your ultimate success.

We hope these tips will help you do something each day to move closer to your goals. It’s not so important when you do them, as long as you consider these important areas of your business growth and implement, plan, and evaluate as you go. You’ll do it, one day at a time!

How do you structure your days in order to win the week? Please comment below with some tips!

Image courtesy of Twenty20.com

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Entrepreneurs

5 Things Entrepreneurs Need to Do to Stay Motivated

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how to stay motivated

Being an entrepreneur is the American dream. It’s all about defining your success, paving your way, and living life the way you want. Many of us walked out of a comfortable job because we no longer wanted to be rats in the maze of an employer who manipulated us into fueling their dream. We wanted to create and follow our dreams. But sometimes there are days when you can’t seem to find the motivation to move forward, and that’s when you need a little boost in thinking.

One thing to remember is that there is no “magic solution” for success as a business owner. Every entrepreneur must find their way to create, manufacture, produce, and sell their products, services, and ideas. The way that you find yourself doing this may not be as unique as the concept you have for your business. That’s okay, as long as it works for you and creates the result you want..

As entrepreneurs, we are in a constant state of “flux.” We must always be evaluating, analyzing, and measuring our metrics and our success. We are often in competition with others, but we are always in competition with ourselves. We should always strive to be a better version of ourselves and our business than we were yesterday.

Every successful entrepreneur will tell you that the “daily grind” is what results in wealth and success. The dream is the glamorous part as it’s what keeps you looking toward your goals and keeps you working hard.

Nonetheless, for those days that the daily grind seems hard and your energy wanes, try these 5 tips to stay motivated:

1. Remember the goal and keep your eye on the ball

I like Mark Cuban’s analogy of entrepreneurship being like the game of basketball. In his book, How to Win in the Sport of Business, he points out that having a business is like winning a basketball game. You must always be watching what your competition is doing while keeping your motivation high. Keep your eye on the goal.

2. Do something every day that moves you forward

One of the frustrations of entrepreneurs is that they feel like they are not moving their business forward fast enough. Remember Rome wasn’t built in a day. So just make sure you’re at least doing one thing daily that moves you closer to your goals. It will give you a feeling of accomplishment when the going gets tough.

“Life is like riding a bicycle. To keep your balance you must keep moving.” – Albert Einstein

3. Write down no more than six things to do each day

People sometimes overwhelm themselves by planning too many things to do in one day, and then they feel let down when they don’t get them done. If you limit your primary goals to six things per day, you are going to be more likely to achieve them.

4. Connect with other entrepreneurs and learn their tricks

This is not to say that you need to copy what others are doing, but simply get a sense for what keeps them going and motivated and share ideas. It can help you feel like you’re on the right track with support from others like you with similar goals.

5. Think of yourself as a captain

You are the captain of your ship. You’ll come across crashing waves, massive storms, rocks, and iceberg, but the way you maneuver around them will determine your fate. Always keep your eyes on the harbor and take pride in the fact that you’re in the top 2% of the country by sailing out on your own as an independent business owner.

“If you’re serious about changing your life, you’ll find a way. If you’re not, you’ll find an excuse.” – Jen Sincero

A few other things to take with you on your journey

As an entrepreneur, the goal is what you’re working for, day-by-day, week-by-week because you’ll get there a little at a time. It’s about more than the goal because it’s about the journey. Life is a journey and so is entrepreneurship. The challenges we face as entrepreneurs only serve to make us stronger and better able to handle the storms we face on the sea of entrepreneurship.

Remember the payoff is incredible! It’s the biggest gamble of your life but when it pays off, it pays off huge! Remember the movie, “The Perfect Storm,” starring Richard Gere? He talked about being a swordboat captain and about how few people choose that life, yet the ones who did loved it. They enjoyed the solitude, embraced the challenge and it’s what kept them going.

How do you stay motivated on a daily basis? Let us know by commenting below!

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Entrepreneurs

You Have To Have A Side Hustle (Like Me With My Blogging) – Here’s Why

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This whole blogging thing you see me do is my side hustle.

It’s what I do when I get home from work.
It’s what I do when you’re at the pub with mates on the weekend.
It’s what I do when you’re watching House Of Cards.

Blogging is my side hustle because it’s what has transformed my life and what fills me with passion.
Blogging is my happy place and it’s how I serve the world.

Now many of you reading this have zero side hustle. You’re not passing go and collecting the $200 that comes with doing a side hustle daily. You’re missing out on everything that can come with building something for yourself.

I’m going to get to the point quickly. Here’s why you need a side hustle:

 

You’ll be stuck in your dead-end job forever.

Yes, what I just said is harsh. I said it because it’s true. You’ll never escape that job you hate and that pain in the ass boss that sucks all of your energy away unless you get a side hustle.

Start with what you like doing and then design a side hustle around it. Ensure that at least one action is taken every day. Then, let that momentum build into a side hustle.

Once you have momentum, the aim of the game is to let the side hustle take over from that dead-end job that makes you feel like crap.

 

You’ll never get to travel.

The world is such an amazing place (cliché I know).
There’s no point the world being beautiful and you hearing that cliché if you never get to enjoy it.

A side hustle is what you’ll eventually monetize so that you can work less and play more (i.e. travel).

Travel is one of the biggest regrets of those who are dying. You’ll never get to check back into planet Earth again so you may as well travel while you can.

Build that startup. Launch that website. Record that video. Or, in my case, write that blog post that inspires.

 

You’ll miss those family moments.

A side hustle is designed to give you time and allow you to do more of what you love. That’s what blogging does for me and the same can happen for you.

“Being consumed by a job you hate, so you can earn just enough to survive, so you can impress your boss and people you don’t care about, is the definition of failure”

I believe you can spend more time with your family. I believe you should feel inspired every day and do something that makes you happy. I believe that family is one of the few things in life that we’re destined to cherish.

Okay, that last line was a bit soppy for a bloke but who gives a rat’s – it’s true.

 

You’ll never get to experience the art of fulfillment.

Blogging gives me a sense of fulfillment. I feel like I have done something that matters to me and that matters to the world. If you don’t go and get a side hustle, you’ll never experience what it’s like to be fulfilled.

Being fulfilled makes you feel like the glass is always half full instead of half empty, or worse yet, looking at the glass as empty with a crack in the bottom that was caused by everyone else.

When you feel fulfilled, you find yourself wanting to do things for others. You find giving easier, you want to be a mentor, you want to perform charitable acts, and all round, life is good.

I want you to feel life is good too. That’s why I want you to get a side hustle amigo!

 

***Parting advice***

Oops….I nearly thought that headline read “parenting advice.” Now that would suck because I have no idea about that…haha

No one said this whole side hustle would be easy. You will need to work hard and you’ll have to take action. You may even need to do some soul searching and that’s fine too. My point is that you need to stop delaying and begin building something. The whole construction process I find is better than when you’ve built your side hustle.

It feels good to be in control and to serve others with your side hustle. I want that feeling for you too.

Go out and start your side hustle.

If you want to increase your productivity and learn some more valuable life hacks, then join my private mailing list on timdenning.net

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Entrepreneurs

These 3 Warning Signs Predict Your About to Make a Big Business Mistake

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“Honesty is the fastest way to prevent a mistake from turning into a failure.” James Altucher said this, the multiple bestselling author, and a man who has failed (and overcome failure) more than most. The truth is, mistakes hurt.

Whether it’s your mistake or somebody else’s, it stirs all sorts of fears and worries within you. You start to question yourself. You wonder what will happen next, and what the worst case scenario may look like. Mistakes are NOT fun, but mistakes also play an important role in your growth and success. For as Albert Einstein once said, “a person who never made a mistake never tried anything new.”

So assuming you don’t wish to play it safe your entire life, you must accept mistakes happen. Some mistakes are unavoidable; there to test and teach us. But what if I told you many of your mistakes were avoidable, and by looking in the right places you could spot them before they happen?

Most mistakes begin small; tiny little things that barely register in your day. But because you pretend they don’t happen, disregard them, or make poor decisions on the back of them, these little mistakes grow into big mistakes, which in turn develop into life-altering failure.

Certain mistakes are thrust upon you, and you cannot do much to avoid them. Yet many begin slowly, and by keeping your eyes open you can spot them before they happen. So if you notice any of the following, take note for a mistake may be near.

1. You Become Complacent

One of the biggest warning signs of all is when you grow complacent. You may enjoy the idea of an ‘easy life’, but the truth is you need a challenge. When it comes to growing a successful business, this is never more true. You need to remain motivated. Like a shark, you can never stop moving.

Such complacency lead to Thomas Frank’s biggest mistake of all. As he built ‘College Info Geek’ while still at university, he was always busy. Between studying, blogging, and marketing, he had little time to spare. So as his site grew, he decided to cut back on his studies and take fewer classes. This made sense, as more time spent on his business meant more chance of success. Yet with this extra unstructured time on his hands, Thomas grew complacent.

Instead of growing, his business plateaued. He didn’t feel as motivated, and it wasn’t until he got this motivation back that ‘College Info Geek’ continued its growth.

“If you look around, complacency is the great disease of your autumn years, and I work hard to prevent that.” – Nick Cave

2. You Get Stuck in your Own Head

Although you may surround yourself with people all day, this entrepreneurial roller coaster is a lonely ride. It’s easy to get stuck in your own head, as you work on your ideas, your plans, and your growth. You become so fixated on your work that you shut yourself off to the rest of the world. You become blind to opportunity, mistakes, and everything else.

Take John Corcoran, the co-founder of Rise 25, and a man who has built his career around connecting with influential people. Despite building a successful career in politics, entertainment, and the tech scene, John desired more. He started his own practice, and got to work on his own version of the American Dream.

He worked so hard that he went months without networking and creating new connections. All those relationships he had built during his successful career slipped by the wayside. He condemned himself to a lonely entrepreneurial existence, and had little to show for it.

Sure, he was busy, but did he grow? No! John got stuck in his own head, and it lead to what he described as his biggest business mistake of all. This entrepreneurial rollercoaster is lonely enough as it is, so don’t make matters worse by getting stuck in your own head.

3. You’re Surrounded By “Yes Men”

“Yes” is a dangerous word. If all you say is yes, you’re sure to drown under work, responsibility, and commitment. Yet it isn’t only when you say yes that issues arise, because when you’re surrounded by a bunch of “yes men”, mistakes are often close. Scott Oldford experienced this as he became a well known “web guy” at a young age.

During a period when most of us plucked up the courage to ask that girl or guy to the dance, Scott made large sums of money and won prestigious awards. He had everything a teenager could want, including a group of people who told him what he wanted to hear.

Scott soon lost everything he built, as he began to believe his own hype. He had to start from scratch. Today, he’s doing fine, but only after he lost track of what matters. That’s what happens when you surround yourself with “yes” — it blinds you from what you need to see and hear.

“Say no to everything, so you can say yes to the one thing.” – Richie Norton

Of course, warning signs like these won’t vanish mistakes from your life. Some are unavoidable. Some provide invaluable lessons you need to experience for yourself. But the sooner you nip these mistakes in the bud, the easier you’ll find your road to success.

I learned this from speaking to those who have been there and done it; successful folk at the top of their game. Don’t wait until you make your own mistakes. Learn from those who have been there and done it. And while you do, keep your eyes open for these three big warning signs.

Share with us a mistake you made and how you overcame it! Let us know by commenting below!

Image courtesy of Twenty20.com

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7 Days to Success: a Weekly Ritual to Become a Successful Entrepreneur

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We’ve often said there is no exact formula for success. While that’s true, there are some definite steps you can take to move your business in the right direction. If we could put this into some orderly sequence and create a system to follow every day, wouldn’t it be nice? (more…)

Zac Johnson has more than 20 years of experience in the world of online marketing and has helped millions of people discover new and exciting ways to make money online. See all of this and more in action through his How to Start a Blog resource site, while also following Zac on his personal blog.

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2 Comments

2 Comments

  1. pablo

    Jan 13, 2016 at 10:29 am

    Thanks guys! Really good info 🙂

  2. Adrian

    Jan 28, 2015 at 1:27 pm

    Just belive in your choice. 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneurs

7 Days to Success: a Weekly Ritual to Become a Successful Entrepreneur

Published

on

successful entrepreneur

We’ve often said there is no exact formula for success. While that’s true, there are some definite steps you can take to move your business in the right direction. If we could put this into some orderly sequence and create a system to follow every day, wouldn’t it be nice?

We brainstormed some ideas and here’s what we came up with. We’re not saying that these seven things are the only things you should do, but if you try one per day for seven days, you might be able to create new habits faster than you think!

Sunday: Planning day

Rest and plan. When things are quieter, take some time on Sunday afternoon to reflect on what you did the week before. After this, brainstorm some “mini-goals” you’d like to see accomplished in the coming week. Don’t try to plan too much at once, just think of the tasks that are the most productive and focus on those primarily. Always “plan in analog” and write them on a yellow legal pad or white paper so you can feel free to mess up and scratch out various ideas without limits. Lastly, “weed your garden” and transfer the best ideas to your “to do” list for the week.

Monday: Implement

Once you have the main ideas you plan to implement, plan the most important ones into your work week. You can spread the tasks out over the various days of the week or do three or four in one week. Focus on the most productive tasks you think will bring in the most revenue and save the others for when you have more time. Write up to six things on your “to do” list that you think you can achieve for each day.

Tuesday: Get up earlier

Though I am a night owl myself, I’ve learned that I can gain much more momentum if I get up earlier in the day and do a couple of important things before the day gets started. This idea has been shared by others in the past in the form of books that recommend that you get five things done before 11am and other similar ideas. We’re not saying that you have to do any certain number of tasks before 11. Rather, it just means you can use the early morning hours to achieve as much as possible to jumpstart your day. This technique may make you feel more productive and inspire you to keep working later to achieve even more.

“One key to success is to have lunch at the time of day most people have breakfast.” – Robert Brault

Wednesday: Focus on branding

Marketing is one of the most challenging things a business owner has to do to get their brand noticed. Yet, many often miss the mark because branding is more important than marketing. Despite what you might think, they are not the same. Marketing is focusing on products and services. Branding is focusing on your business and how it helps people to reach their personal goals. When you focus on branding, you are working on integrating all of the aspects of your marketing plan into one solid strategy which will place your brand in front of more people through multiple platforms and channels.

Thursday: Innovate and create

If you are a product-oriented business, Thursday is a good day to focus on innovation. Maybe you have your “creative team meetings” at another time, and that’s fine. Nonetheless, spend some time thinking about the innovative side of your business and write down some ideas for your next project. Get inspired and think about what Steve Jobs meant when he told his staff, “We’re going to pretend the universe.”

Friday: Evaluate and revamp

It has been said that “a life unexamined is not worth living,” but a business that is not measured is not worth having either. Take one day a week to evaluate how you are doing. Look back at your metrics, your ROI, and your sales on Friday and see how it compares to the week before or the month before and think about where you want to be in the next six months or year.

“Don’t lower your expectations to meet your performance. Raise your level of performance to meet your expectations. Expect the best of yourself, and then do what is necessary to make it a reality.” – Ralph Marston

Saturday: Do something fun

Yes, even obsessed entrepreneurs need a little downtime. Otherwise, what are you doing this thing called entrepreneurship for? Taking a little time for yourself and doing something you love like painting, birdwatching or photography can renew your mind and spirit and get you ready for a new week. Do anything you enjoy that is helpful for recharging your batteries. Get into meditation or check out the Calm app. It can rejuvenate your mind and spirit leading to your ultimate success.

We hope these tips will help you do something each day to move closer to your goals. It’s not so important when you do them, as long as you consider these important areas of your business growth and implement, plan, and evaluate as you go. You’ll do it, one day at a time!

How do you structure your days in order to win the week? Please comment below with some tips!

Image courtesy of Twenty20.com

Continue Reading

Entrepreneurs

5 Things Entrepreneurs Need to Do to Stay Motivated

Published

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how to stay motivated

Being an entrepreneur is the American dream. It’s all about defining your success, paving your way, and living life the way you want. Many of us walked out of a comfortable job because we no longer wanted to be rats in the maze of an employer who manipulated us into fueling their dream. We wanted to create and follow our dreams. But sometimes there are days when you can’t seem to find the motivation to move forward, and that’s when you need a little boost in thinking.

One thing to remember is that there is no “magic solution” for success as a business owner. Every entrepreneur must find their way to create, manufacture, produce, and sell their products, services, and ideas. The way that you find yourself doing this may not be as unique as the concept you have for your business. That’s okay, as long as it works for you and creates the result you want..

As entrepreneurs, we are in a constant state of “flux.” We must always be evaluating, analyzing, and measuring our metrics and our success. We are often in competition with others, but we are always in competition with ourselves. We should always strive to be a better version of ourselves and our business than we were yesterday.

Every successful entrepreneur will tell you that the “daily grind” is what results in wealth and success. The dream is the glamorous part as it’s what keeps you looking toward your goals and keeps you working hard.

Nonetheless, for those days that the daily grind seems hard and your energy wanes, try these 5 tips to stay motivated:

1. Remember the goal and keep your eye on the ball

I like Mark Cuban’s analogy of entrepreneurship being like the game of basketball. In his book, How to Win in the Sport of Business, he points out that having a business is like winning a basketball game. You must always be watching what your competition is doing while keeping your motivation high. Keep your eye on the goal.

2. Do something every day that moves you forward

One of the frustrations of entrepreneurs is that they feel like they are not moving their business forward fast enough. Remember Rome wasn’t built in a day. So just make sure you’re at least doing one thing daily that moves you closer to your goals. It will give you a feeling of accomplishment when the going gets tough.

“Life is like riding a bicycle. To keep your balance you must keep moving.” – Albert Einstein

3. Write down no more than six things to do each day

People sometimes overwhelm themselves by planning too many things to do in one day, and then they feel let down when they don’t get them done. If you limit your primary goals to six things per day, you are going to be more likely to achieve them.

4. Connect with other entrepreneurs and learn their tricks

This is not to say that you need to copy what others are doing, but simply get a sense for what keeps them going and motivated and share ideas. It can help you feel like you’re on the right track with support from others like you with similar goals.

5. Think of yourself as a captain

You are the captain of your ship. You’ll come across crashing waves, massive storms, rocks, and iceberg, but the way you maneuver around them will determine your fate. Always keep your eyes on the harbor and take pride in the fact that you’re in the top 2% of the country by sailing out on your own as an independent business owner.

“If you’re serious about changing your life, you’ll find a way. If you’re not, you’ll find an excuse.” – Jen Sincero

A few other things to take with you on your journey

As an entrepreneur, the goal is what you’re working for, day-by-day, week-by-week because you’ll get there a little at a time. It’s about more than the goal because it’s about the journey. Life is a journey and so is entrepreneurship. The challenges we face as entrepreneurs only serve to make us stronger and better able to handle the storms we face on the sea of entrepreneurship.

Remember the payoff is incredible! It’s the biggest gamble of your life but when it pays off, it pays off huge! Remember the movie, “The Perfect Storm,” starring Richard Gere? He talked about being a swordboat captain and about how few people choose that life, yet the ones who did loved it. They enjoyed the solitude, embraced the challenge and it’s what kept them going.

How do you stay motivated on a daily basis? Let us know by commenting below!

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Entrepreneurs

You Have To Have A Side Hustle (Like Me With My Blogging) – Here’s Why

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This whole blogging thing you see me do is my side hustle.

It’s what I do when I get home from work.
It’s what I do when you’re at the pub with mates on the weekend.
It’s what I do when you’re watching House Of Cards.

Blogging is my side hustle because it’s what has transformed my life and what fills me with passion.
Blogging is my happy place and it’s how I serve the world.

Now many of you reading this have zero side hustle. You’re not passing go and collecting the $200 that comes with doing a side hustle daily. You’re missing out on everything that can come with building something for yourself.

I’m going to get to the point quickly. Here’s why you need a side hustle:

 

You’ll be stuck in your dead-end job forever.

Yes, what I just said is harsh. I said it because it’s true. You’ll never escape that job you hate and that pain in the ass boss that sucks all of your energy away unless you get a side hustle.

Start with what you like doing and then design a side hustle around it. Ensure that at least one action is taken every day. Then, let that momentum build into a side hustle.

Once you have momentum, the aim of the game is to let the side hustle take over from that dead-end job that makes you feel like crap.

 

You’ll never get to travel.

The world is such an amazing place (cliché I know).
There’s no point the world being beautiful and you hearing that cliché if you never get to enjoy it.

A side hustle is what you’ll eventually monetize so that you can work less and play more (i.e. travel).

Travel is one of the biggest regrets of those who are dying. You’ll never get to check back into planet Earth again so you may as well travel while you can.

Build that startup. Launch that website. Record that video. Or, in my case, write that blog post that inspires.

 

You’ll miss those family moments.

A side hustle is designed to give you time and allow you to do more of what you love. That’s what blogging does for me and the same can happen for you.

“Being consumed by a job you hate, so you can earn just enough to survive, so you can impress your boss and people you don’t care about, is the definition of failure”

I believe you can spend more time with your family. I believe you should feel inspired every day and do something that makes you happy. I believe that family is one of the few things in life that we’re destined to cherish.

Okay, that last line was a bit soppy for a bloke but who gives a rat’s – it’s true.

 

You’ll never get to experience the art of fulfillment.

Blogging gives me a sense of fulfillment. I feel like I have done something that matters to me and that matters to the world. If you don’t go and get a side hustle, you’ll never experience what it’s like to be fulfilled.

Being fulfilled makes you feel like the glass is always half full instead of half empty, or worse yet, looking at the glass as empty with a crack in the bottom that was caused by everyone else.

When you feel fulfilled, you find yourself wanting to do things for others. You find giving easier, you want to be a mentor, you want to perform charitable acts, and all round, life is good.

I want you to feel life is good too. That’s why I want you to get a side hustle amigo!

 

***Parting advice***

Oops….I nearly thought that headline read “parenting advice.” Now that would suck because I have no idea about that…haha

No one said this whole side hustle would be easy. You will need to work hard and you’ll have to take action. You may even need to do some soul searching and that’s fine too. My point is that you need to stop delaying and begin building something. The whole construction process I find is better than when you’ve built your side hustle.

It feels good to be in control and to serve others with your side hustle. I want that feeling for you too.

Go out and start your side hustle.

If you want to increase your productivity and learn some more valuable life hacks, then join my private mailing list on timdenning.net

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Entrepreneurs

These 3 Warning Signs Predict Your About to Make a Big Business Mistake

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business mistakes

“Honesty is the fastest way to prevent a mistake from turning into a failure.” James Altucher said this, the multiple bestselling author, and a man who has failed (and overcome failure) more than most. The truth is, mistakes hurt.

Whether it’s your mistake or somebody else’s, it stirs all sorts of fears and worries within you. You start to question yourself. You wonder what will happen next, and what the worst case scenario may look like. Mistakes are NOT fun, but mistakes also play an important role in your growth and success. For as Albert Einstein once said, “a person who never made a mistake never tried anything new.”

So assuming you don’t wish to play it safe your entire life, you must accept mistakes happen. Some mistakes are unavoidable; there to test and teach us. But what if I told you many of your mistakes were avoidable, and by looking in the right places you could spot them before they happen?

Most mistakes begin small; tiny little things that barely register in your day. But because you pretend they don’t happen, disregard them, or make poor decisions on the back of them, these little mistakes grow into big mistakes, which in turn develop into life-altering failure.

Certain mistakes are thrust upon you, and you cannot do much to avoid them. Yet many begin slowly, and by keeping your eyes open you can spot them before they happen. So if you notice any of the following, take note for a mistake may be near.

1. You Become Complacent

One of the biggest warning signs of all is when you grow complacent. You may enjoy the idea of an ‘easy life’, but the truth is you need a challenge. When it comes to growing a successful business, this is never more true. You need to remain motivated. Like a shark, you can never stop moving.

Such complacency lead to Thomas Frank’s biggest mistake of all. As he built ‘College Info Geek’ while still at university, he was always busy. Between studying, blogging, and marketing, he had little time to spare. So as his site grew, he decided to cut back on his studies and take fewer classes. This made sense, as more time spent on his business meant more chance of success. Yet with this extra unstructured time on his hands, Thomas grew complacent.

Instead of growing, his business plateaued. He didn’t feel as motivated, and it wasn’t until he got this motivation back that ‘College Info Geek’ continued its growth.

“If you look around, complacency is the great disease of your autumn years, and I work hard to prevent that.” – Nick Cave

2. You Get Stuck in your Own Head

Although you may surround yourself with people all day, this entrepreneurial roller coaster is a lonely ride. It’s easy to get stuck in your own head, as you work on your ideas, your plans, and your growth. You become so fixated on your work that you shut yourself off to the rest of the world. You become blind to opportunity, mistakes, and everything else.

Take John Corcoran, the co-founder of Rise 25, and a man who has built his career around connecting with influential people. Despite building a successful career in politics, entertainment, and the tech scene, John desired more. He started his own practice, and got to work on his own version of the American Dream.

He worked so hard that he went months without networking and creating new connections. All those relationships he had built during his successful career slipped by the wayside. He condemned himself to a lonely entrepreneurial existence, and had little to show for it.

Sure, he was busy, but did he grow? No! John got stuck in his own head, and it lead to what he described as his biggest business mistake of all. This entrepreneurial rollercoaster is lonely enough as it is, so don’t make matters worse by getting stuck in your own head.

3. You’re Surrounded By “Yes Men”

“Yes” is a dangerous word. If all you say is yes, you’re sure to drown under work, responsibility, and commitment. Yet it isn’t only when you say yes that issues arise, because when you’re surrounded by a bunch of “yes men”, mistakes are often close. Scott Oldford experienced this as he became a well known “web guy” at a young age.

During a period when most of us plucked up the courage to ask that girl or guy to the dance, Scott made large sums of money and won prestigious awards. He had everything a teenager could want, including a group of people who told him what he wanted to hear.

Scott soon lost everything he built, as he began to believe his own hype. He had to start from scratch. Today, he’s doing fine, but only after he lost track of what matters. That’s what happens when you surround yourself with “yes” — it blinds you from what you need to see and hear.

“Say no to everything, so you can say yes to the one thing.” – Richie Norton

Of course, warning signs like these won’t vanish mistakes from your life. Some are unavoidable. Some provide invaluable lessons you need to experience for yourself. But the sooner you nip these mistakes in the bud, the easier you’ll find your road to success.

I learned this from speaking to those who have been there and done it; successful folk at the top of their game. Don’t wait until you make your own mistakes. Learn from those who have been there and done it. And while you do, keep your eyes open for these three big warning signs.

Share with us a mistake you made and how you overcame it! Let us know by commenting below!

Image courtesy of Twenty20.com

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