Posts Tagged ‘entrepreneurial thinking’

Granted, this is a challenging economic time for many of us. Men, women and even the smartest pets are budgeting, borrowing and looking for a rich connection. Ok, so maybe the pets are only looking for warm shelter, treats and pets, but the treats may be in shorter supply. Burying that rawhide bone may not be a bad move.

2 choices come to mind for most people – either make more money or spend less. With an abundance mindset, the preferred choice is to make more money. The time tested adage “You will always receive more of whatever you give you time, energy and focus” rings true today will ear piercing volume. Where are you focusing your thoughts, feelings and actions? Focus on “what is the best way for me to generate more income?” and you mind will start clicking, spinning and creating ways to generate income. Focus on “oh woe is me, there is never enough” and your energy will plummet. Your income will dive in rocket speed right down to the red ink. Red ink is an accounting term for negative cash flow; you spent more than you received. Another way of expressing that thought is credit card debt which you do not have the money to pay.

The problem is clear. The solution begins with positive creative thoughts. Over 70,000 individuals have decided to start a new business. Facts reveal that a business will require time, money and effort in order to be successful. Entrepreneurial thinking requires some careful analysis. Is having your own business the correct decision for you? Not everyone is mentally wired, disciplined, enough to succeed at their own business. The entrepreneurial mindset requires:
1. absolute clarity about your choice of business
2. absolute dedication to do whatever it takes until success is achieved
3. discipline to design a plan and stick to the plan consistently
4. an open mind to learn, grow and make wise decisions with time, money and talent
5. a SMART goal (specific, measurable, attainable, relevant and timely)

If you have chosen to make more money and then chosen to start a business as the means to achieve more income, analyze your mindset to confirm if you possess the entrepreneurial mindset characteristics. If you have a resounding yes to all of the above, let’s go forward.

Bonus entrepreneurial mindset thought. I have written an entire series of articles on this topic. Into every life, some emotional ice water will flow. Guaranteed. This negative, usually unsolicited, advice flows more freely than political rhetoric during an election campaign; actually it is about as welcome as the tirade of political ads. But I digress. This negative input which I term as “emotional ice water” flows from co-workers, friends and even our own relatives. Sometimes those to whom we are related pour the largest buckets of the emotional chill. They ridicule, criticize, and tell you they are doing it for your own good. Some may actually believe they are doing it for your own good but the result is just as devastating. Debbie and David Downer exist somewhere on each of our family trees.

If you are to become all that you can be, you MUST minimize the effect of the emotional ice water. Developing and maintaining an entrepreneurial mindset requires overcoming this potentially hazardous substance. Emotional ice water may flow in to you but it is up to you to develop such a red hot passion for your goal that your entrepreneurial mindset will overcome any effect. Your entrepreneurial thinking will determine a major portion of your success.

Remember that what you focus on expands. Focus on success, abundance and your own millionaire mindset. Ok, so you won’t become a millionaire overnight, but if you focus on the characteristics of an entrepreneur and really hone your entrepreneurial mindset, you can become anything you choose.

I salute you on your journey to success. Hire Elaine Love to speak to your group and to coach you as an individual as you pursue your goal. Go to www.ElaineSpeaks.net and lets jumpstart your success. Review www.Elaine4Success.com to insure your success.

Financial challenges abound in this turbulent economy.  As individuals, we can not control Ireland’s default of $100 billion or the impending crisis for Portugal, Italy, Spain and the other countries in the European Union.  Far too many of us are holding our chin high to keep our head above our personal rising financial waters.

Stop!  Breathe! There is an excellent segment in every economy.  There is hope!  No matter how bleak it may appear on our financial horizon, stop and look at what we do have instead of what we might not have.

Step 1 in any success plan is to employ entrepreneurial thinking.  An entrepreneur is by nature an optimist and a visionary.  We, yes I am an entrepreneur, see opportunity rather than disaster.  Over half of the companies in the Dow Jones Industrial Average started in an economic downturn.  Yes, there is hope in this economy right now.

Control what you can!  The one thing you absolutely have in your control is your attitude.  No one controls your thoughts, feelings and words except you.  When you maintain a positive attitude and speak with genuine positive expectation, positive things happen.  Wealth creation strategies start with your own thoughts, feelings and attitude.

In an earlier article, I wrote about the “Gold Dust Attitude.”  Even though the economy was drowning, going down for the third time, one salesman maintained a “Gold Dust Attitude.”  When asked, ”How is Business?” he always replied, Business is Great.  There is gold dust in the air.”  Amazingly, for him, business improved constantly and there was indeed gold dust in the air for him.  It all started with his “positive mental attitude” and expectation of positive results.

Even if things are not golden for you at the moment, what do you have to lose by changing to a positive mental attitude and deciding to establish a gold dust attitude?

Whether you are viewing your personal life, your career or your tennis game, a positive mental attitude gives you a significant advantage.

You can not control the financial situation of other countries; however, you can control yourself.

Your subconscious does not know if you are telling it the truth or fiction.  Keep telling it positive thoughts long enough and you will start acting in a positive manner as well.  A positive mental attitude coupled with positive actions will always product positive results.

The contrast is also true.  Negative thoughts and lack of action produce negative results.  You choose.

For myself, I have chosen a “gold dust in the air attitude” and I expect golden results.  Come join me.

Book Elaine Love to speak to your next group meeting or book Elaine Love as your personal coach.  Go to www.ElaineSpeaks.net or www.Elaine4Success.com.  You can purchase products or join my workshops at www.ElaineSpeaks.com.  Think positive.  Think “Gold Dust in the Air” as your success plan.

Golden leaves of fall have drifted down from the Aspen trees and scurried across the roadways and mountain trails chased by the cool fall breezes. Each day those breezes seem to bring a few degrees more chill to the air. Soon my Colorado landscape will have snowflakes drifting down to cover the golden leaves. The mountains already wear a cloak of white.

Nature paints a beautiful landscape from the brilliant hues of the wildflowers in spring and summer to the golden hills of fall and the pristine white of winter. As much as I appreciate natural beauty and love to hike through the beautiful Colorado countryside, it resembles life on Someday Isle – beautiful but certainly not productive or profitable.

Draw a parallel between the seasons and your financial situation. There have been times when the lush green of summer mirrored the lush green of cash in your bank account. Oh how we enjoyed those fertile times. Ideally, at least ten percent of those treasured earnings were carefully invested for the future. Just as the squirrels and ants store up for the long winter months, so we should also. Unfortunately, it is all too easy to expect those lush days to last forever.

During my days as the owner of a property management company in a major ski resort, this “spend today and not worry about tomorrow” attitude prevailed. Anyone who relates to business in a ski resort knows that the snow represents white gold. Money flows in quite nicely during ski season. In early April the snow tapers off and the income disappears as quickly as the snow flakes in the warm sun.

In the late 1980’s there was very little, if any, income in April, May, June, September and October. July, August and November might be slightly better than zero. Four months of ski season income needed to also cover the other eight months. Those who spent lavishly during the four months and did not provide for the other eight months were frequently found desperately scrambling by September or before.

Using the ski resort as an example, income is exactly opposite of the seasons. In financial terms the lush income represents the lush green of summer. The barren income period would be the financial winter.

Anyone who has a seasonal business, a commission only income or a “feast or famine” income, MUST establish an emergency reserve fund. Ok, no you do not have to plan ahead and prepare for your financial winter season. You either prepare now or expect to beg for assistance later. In our current economic turmoil, those who did not prepare are scurrying like the fall leaves by blowing right and then left or round and round in circles.

According to Paul Zane Pilzer, economic advisor to two presidents, there will be more millionaires created between 2006 and 2016 than at any prior point in the history of the world. This money does not go away, it simply changes hands. The new wealthy will be the ones who understand their financial seasons and take appropriate action. There is excellent opportunity in every economic situation if you maintain a positive mental attitude and use entrepreneurial thinking. Use the resources at hand, including your mental creativity.

Examine your financial situation and draw a parallel with the seasons. Resolve to use your entrepreneurial thinking and achieve success through a positive mental attitude and productive action.

Need some help? Book Elaine Love to speak to your group or book Elaine Love as your personal coach. Go to www.ElaineSpeaks.net. If you are a person of immediate action, go to www.ElaineSpeaks.com and purchase products. There are many resources available at www.Elaine4Success.com. Don’t be left out in the barren financial winter.

Entrepreneurs with a success plan design and maintain a clear idea of exactly what they choose to accomplish. Fuzzy thinking produces scattergun results. Yes, I have heard the “multiple streams of income” and “do not put all of your eggs in one basket” statements. Granted there is a measure of truth to those premises; however, dividing your time into a few minutes on one project, a few minutes on the next project and a few minutes on each of two or three other projects is a recipe for financial disaster. All you will accomplish is picking up and putting down papers and ideas; very little, if anything, will be accomplished. The only valid way for multiple streams of income to be productive is to have one umbrella project and smaller projects which all flow into the one main project.

As a professional inspirational speaker, I am also asked to coach potential entrepreneurs and struggling entrepreneurs on improving their productivity and profitability. Yes, speaking is my passion. My keynote presentations and workshops focus on assisting potential and struggling entrepreneurs to clarify their business vision i.e. clarify their paul.wyles@gmail.com. The speaking and coaching are both focused on the same topic; speaking works with larger groups and coaching focuses on one specific individual or company. Another stream of income is my products. I create products focused on the same subjects for those who are unable to hear me speak in person or those who want to take home materials to listen to after the keynote presentation.

Entrepreneurial thinking encompasses a broad area of topics. It is impossible to cover all of them thoroughly in one keynote. First of all, your mind can only absorb so much at a time and you can only sit still for a given time duration. Hence the creation of products and one-to-one coaching expand the knowledge sharing and focus on your specific challenges.

This is an example of multiple streams of income but all focused on one specific area.

The problem with many new entrepreneurs is when they have one business focusing on investments, a second business with juices and a third business with candles. (These may not be the exact 3 businesses; however, you understand the disconnect.) In some cases the spread becomes so wide that the learning curve never connects the ends of the circle on anything. The attention and finances become scattered and the mind follows closely.

Picking up and putting down projects without ever completing anything not only wastes hours, days and months but it piles the tension on your business and financial shoulders. Oh, that annoying twitch or aching muscle in your back has a direct correlation to that self-imposed stress. You know that tight line which runs from your neck to your shoulder, the one which is pulled tighter than the seams of the pants of a size 12 woman attempting to squeeze into a size 9. The treads strain and stretch and then “pop” the seam splits. That is exactly what you are doing to your nerves, tendons and ligaments in your shoulders. Even worse than dumping the emotional ice water, self imposed negative thoughts or words on yourself, is stacking the tension into your muscles.

Stop! Refocus! Establish a clear vision of exactly which goal you desire. Write out that goal is such exquisite detail that a critical mother-in-law has absolutely no doubt what you choose to accomplish. Clarify that goal until it is a “fine as frog’s hair.” Now place it into a succinct statement. Write a descriptive statement of 10 words or less which summarizes all of your thoughts. Carry it with you and repeat it frequently. Post it in the car, on the refrigerator, or write it in Chap stick on your bathroom mirror. Post it in the shower.

When you are clear in your thinking and needle pointed in your focus, everything flows in the same direction.

Book Elaine Love as your next workshop, seminar or meeting speaker. Let me help you clarify your focus. Go to www.ElaineSpeaks.com for products and www.ElaineSpeaks.net to ask your specific question. I’ll see you in the profit column.

Overcoming emotional ice water. Everyone encounters it from time to time in their life.

Sometimes it feels like the ice berg which sank the Titanic and other times it is only a sprinkle from a garden hose. We all encounter emotional ice water. What do you do about it? How do you handle that chill and still hold your chin up and feel the warm breeze in your hair? Well, those of us who have hair. Let’s do the Labrador shake and get that ice water out of our system.

How do you handle it when someone calls you and says unkind things or even worse, says them to your face? At least when they do it by email, you can have a moment to blink your eyes and think before you respond. Entrepreneurial thinking requires that we think through the entire situation before we react.

Options: You can lash back with unkind remarks of your own which is very likely to escalate the matter. This “tit for tat” method rarely solves anything. In fact, it usually elevates the conflict to the point that the relationship risks permanent damage. Lashing out is not a recommended success plan.

Stop, take a deep breath. You can listen and let them get it off their chest. You can walk away. If they called, you can lay the phone down and walk away. Email is the easiest because you can read it now, read it later or hit delete and never read it.

More than your physical reaction at the moment of impact is the reaction within your emotions. This reaction may vary with the closeness of the relationship of the attacker to you. In the case of a spouse, a child, or a parent you probably have a great deal of emotion invested in the relationship. It may be wise to weight their words in light of your history with them and the events in your life and theirs at the moment. Does it still hurt? Of course, but you may find it in your heart to forgive a little easier and more quickly. As a business development coach, the recommendation is to look for a resolution to solve the underlying issue not just this immediate flare up. If you can, try to see it from their point of view for a moment. It may help you resolve the problem sooner.

Les and Leslie Parrott, relationship experts recently featured in Success magazine, recommend the “repenting bench.” They selected a hard, uncomfortable wooden bench from the Church of England era. Fighting siblings needed to sit on the bench together until they could openly state what they (not the other person) did wrong in the situation, give the other child a hug and state that they would try not to do it again.

After such an incident, do some quiet meditation; that is a much better success plan than barbed retorts. Notice I said meditation, not sulking, brooding or vengeance contemplation. Meditation is a quieting of the soul and mind rather than a stirring of the witches’ brew of angry emotions. Think of pleasant things. Try to come up with happy thoughts of that person or another. The goal is to bring yourself back to a place of pleasure and peace.

If meditation does not work for you, try reading, music, or a long quiet walk in nature. Use whatever means you need to restore your good feeling about yourself. As soon as possible work on forgiving the other person. Why? Not forgiving them only eats away at your peace of mind. It’s Ok; be selfish. Forgive them for your sake. Let it go as soon as possible. If you need to say or do something to make amends, do so. If not, let it go as quickly as possible for your own sake.

Recently I had one of those phone calls from a woman I barely knew. We were in a leads group together and I had given her name as a lead. Apparently she took offense at that. I called to apologize. She responded with a #@*#! Call. I emailed a “no offense meant” email and let it go. Since it felt better for me to walk away from the negative energy and the petty drama, I chose to remove myself from her presence. Even though it was not a pleasant experience, I refuse to allow it to spoil my day and my future. Holding on to hurt feelings and ill will hurts you the most. Why do that to yourself? Let it go.

It is the old gamblers line, “know when to walk away.” Low emotional investment in this case made walking away appropriate. I could have evoked my stubborn Irish determination if I was emotionally invested. If the relationship was really important to me, I would have requested a one-to-one face to face meeting to delve into her feelings and resolve it. You have to decide your level of emotional investment and ongoing future of the relationship. Decide what is best for your emotional health and future.

Just like the repenting bench exercise, decide your part in the fray and vow not to repeat that behavior.

The important thing is to find and restore peace and self confidence within yourself. Don’t let emotional ice water control your present or your future.

For more tips, techniques and personal assistance join me at www.Elaine4Success.com

Evaluating the perfect business for you encompasses many factors. If you missed the prior editions of the Millionaire Blueprint, go back and review the advantages and cost factors of a franchise, purchasing a pre-owned brick and mortar business, establishing a new brick and mortar business and becoming a home based business entrepreneur.

Critical factor – all have their value and their place; it is not a matter of one is right and one is wrong. The most important factor is selecting the one which is right for you. Some of you may actually prefer to be an employee rather than embrace entrepreneurial thinking. Being the quintessential entrepreneur, I am personally psychologically unemployable. Entrepreneurial thinking is part of my DNA; entrepreneurial traits circulate through my veins. Once again, everyone must select what is right for them as an individual. Yes, I am solidly in the corner of the entrepreneur and profess the benefits of entrepreneurial thinking.

That being said, the time has arrived to quantify the elements of selecting the perfect business for those of you who do possess entrepreneurial traits and desires.

1. What are your interests and talents? Unless you have an interest in the subject, you will rarely invest the time and effort to study and learn the nuances of the industry. Unless you already possess extensive knowledge of the industry, you will need to seek wisdom.

The acronym S-I-N comes to mind. Yes, you all know what SIN is. I encourage you to SIN. Seek wisdom, implement and innovate (yes I know I am using the phonetic spelling of innovate for the acronym.)

Even if you have extensive knowledge of the subject area, keep learning and expanding.

Talent also plays a part. Do you possess the talent and abilities or do you need to expand one or both? Interest and ability play a significant part in selecting the best industry and niche for you.

2. Market analysis also influences the decision. Is there a need in the marketplace for your specific business? When I started Mt. Castles Property Management in Steamboat everyone was managing condominiums. No one was specializing in single family homes. With more and more second home owners, there was a significant need for a property management company specializing in single family home management. Can you say market niche?

3. Income potential becomes another significant factor. Know the level of income you desire to earn and the potential for this industry to generate that income. This is especially significant in network marketing or MLM. Many MLM companies pay tiny commissions and emphasize the long range residual commission. Caution that the residual only occurs when and if you produce and your down line also produces. Also know the long range nature of that residual; if you require or desire significant short term income, this is not an ideal situation for you.

Keep in mind that it will take the same amount of time, effort and marketing dollar to earn a tiny commission as it will to earn a high dollar commission. It will take a tremendous number of 25 dollar commissions to add up to one 4,500 or 9,000 commission. Look very carefully at the return on your time and marketing dollar investment. Be certain that your selection of a company or market niche can generate the desired return on investment.

4. Review the complaints against the company from the attorney general; this is especially important in the case of MLM or network marketing companies. Significant complaints are a major red flag. These red flags are warnings not only about the integrity of the company but your potential future earnings.

5. What is the long range potential of the company or market niche? A hula hoop or pet rock phase came and went fairly quickly. Have you selected a company which is inflation proof and recession proof? In a tight economy, people will be less likely to purchase lotions, potions, pills and juices. These items will either not be purchased or purchased from the local Walgreens Drug store; perhaps not exactly the same qualities but close enough to pass in a tight economy. Select a company and market niche with long term potential.

Yes, I know I have given you many factors to consider; however, each and every one of these factors has validity for your present and future success. For personalized assistance and additional insight, join me at www.Elaine4Success.com.

Once you are blue sky and sunshine clear about your exact current situation, you have drawn a time line. If you are ready to step over that line into new territory and the opportunity to achieve your dreams, unbuckle your seat belt. Yes, I do mean “unbuckle” because a new adventure is not about staying safe and secure. New ventures are about reaching for your future. You know what the past looked like and the present looks like. If either one of those results had satisfied you, you would not be reading this right now. If you are satisfied with status quo, you would not be searching for something better.

Tired of getting ready to get ready? Lets go. It is time to design your millionaire blueprint.

Since everyone has a slightly different starting point, we will set up a case study.

The person is in their mid to late 40s with at least a few years college. They have been in the corporate world for several years and just lost their job. They want to start a business of their own. They want a success plan to become self made millionaires. They have dreams of being able to travel and visit their family and friends without having to look for the “squeeze yourself in the back of the plane next to the restroom” economy seats. They want to go out to nice restaurants and look at the left side of the menu instead of the right side. They want to go shopping in new places without having to say “I can’t afford to buy anything.”

Traveling first class to new places, dining out and shopping all require money. The goal is therefore to make enough money on a consistent basis to afford their ideal life style.

Back to reality. At this moment there is a total of 50,000 available including what was a 401 K and is now a 41 K. Sad but true, it shrunk 90%. I know it seemed like a good idea at the time they invested the money. From $50,000 to self made millionaires is a wide gap.

With only 50,000 dollars, a franchise is not even a vague possibility. Many franchise businesses cost $50,000 or more just for the franchise name. Some popular franchises cost $250, 000 to $750,000. According to Gaebler.com, “In addition to the upfront franchise fee, many franchisors also require an ongoing royalty fee. This fee is assessed on a percentage basis and usually ranges around 5% or 10%. In return for paying the royalty fees, you receive the benefits associated with national marketing campaigns, ongoing training, and territory rights.”

Now add on the real estate cost to purchase or rent the space for the business location. Add on the cost of the inventory and equipment. Of course you will also have overhead: utilities, office equipment and supplies, employees, and marketing before you can even open your doors.

Entrepreneurial thinking is wonderful but it will require careful planning and execution to turn it into a reality.

Buying an existing brick and mortar business will have very similar costs. Purchase price, building, overhead, inventory and equipment, office equipment and supplies, employees and marketing.

You can start a brick and mortar business rather than purchasing an existing business. In this case, there will be more costs and a slower start because the name and business are unknown. You do not already have an established customer base.

Either a franchise or a brick and mortar business will require you to work away from home at least 5 and probably 6 or 7 days a week. Initially, there will be very long hours. I know; I have owned brick and mortar businesses.

Can a franchise or brick and mortar business be successful and profitable? Absolutely, but there is a high cost in terms of start up capital and labor hours.

In the situation of our case study, this is not an option. The monetary cost is too high. So what choice do you have if you have limited resources? Yes, there is a solution. Stay tuned for the answer tomorrow.

Come join me at www.Elaine4Success.com for assistance in designing your perfect situation.

Life isn’t perfect.  You always have a choice of attitude.  Choose to view the situation as a problem, a calamity and whine about how unfair life is to you.  Choose to view it as fate which is totally out of your control; be a helpless victim.  Or choose the viewpoint of a challenge, an opportunity for change, and a potential for improvement.

All 3 scenarios are exactly the same set of circumstances.  Your attitude represents the only variable.

Have you ever wanted something very badly, almost had it within your grasp and been disappointed?

If you had been with me in that tiny little farm town in June when I was seventeen, you would have felt the hot Kansas sun.  You would have smelled the sweet scent of fresh cut alfalfa hay.  You would have seen me run into our farm house so excited that I almost tripped over the rug at the front door.  “Dad, they gave me a full college scholarship.  I’m going to go to college.”  You would have seen the flush of heat and excitement on my face as I handed him the papers.  “Elaine, you’re a girl.  You don’t deserve a college education.”

I watched in shock and disappointment as he threw the papers on the floor and walked away.  Under my breath, “It would not have cost you anything.  Why wouldn’t you sign the papers?”

Decision time.  Whine, curl up in a ball and cry about being a victim, or seek a solution.  Attitude becomes the only variable.

Facts:  scholarship received, scholarship becomes invalid without a parent’s signature, scholarship is no longer an option for me to attend college.  I was so close to having my dream of a college education within my grasp only to have the hopes thrown on the floor.

When have you faced a situation in your life when you were so close, but denied at the last minute?

Solution based attitudes, determined individuals, and goal oriented thinkers find an answer.  An entrepreneurial mindset or a millionaire mindset will focus on the potential solution.

Ask any man and he will confirm the mindset of a determined female.  The circumstances remain exactly the same; the shift in the end result comes in the attitude.  Attitude will get you everywhere; choose positive or choose negative.  The entrepreneurial mindset, the millionaire mindset or the determined female mindset all revolve around a positive attitude.

After dialing numerous friends, acquaintances and friends of friends, a ride to college was located, confirmed and finalized.  No job, no money and no parental approval.  Remember that focused positive attitude?  Three years later, my college diploma was firmly grasped in those determined female fingers.  A positive attitude backed with action accomplishes amazing feats.

Even though he never told me, I heard that my father told others that he was proud of me.

Attitude will get you everywhere.  Determination, a positive attitude and action achieve goals.

For more inspiration, motivation and practical techniques for success, join me at http://www.elaine4success.com/.

How do you handle life’s little unexpected inconveniences?

Normally I am bubbly, enthusiastic, and in control of myself and my circumstances.  Yesterday there was a glitch in the conference call system and I could not sign in to the call.   As the call host, it was quite awkward not to be present and punctual.  I apologized a bit too profusely.  My normal unflappable composure collapsed.

What is the lesson here?  Let go of trying to be perfect.  Allow yourself to be human.  It is not a matter of IF there will be glitches in the schedule, but WHEN there are glitches.  Of course one of the characteristics of successful entrepreneurs is calmness under pressure.  Does that mean that as an entrepreneur you are expected to be perfect 100% of the time?  Absolutely not.  It means that as a successful entrepreneur you strive to be as good as you possibly can be.

Ever know a major league baseball star to hit a home run every tie at bat?  No.  Ever know a highly accomplished Hollywood screen star to get an academy award for every performance?  No.  Why do entrepreneurs put pressure on themselves to be perfect 100% of the time?  Get a grip on reality.  What makes us think we are above and beyond all of the statistics?

Now that we have had our slice of humble pie, relax.  Of course the Hollywood star steps on stage with the intention of performing their every best every time.  Yes, the major league baseball star goes to bat with the intention of a good solid base hit.  Successful people never approach a situation with the intention to be average.

Can you imagine a corporation proudly announcing that they were seeking a mediocre advertising agency?  Of course not.  An employee might go to work with the goal of “getting through the day,” but an entrepreneurial mindset would never tolerate such a thought.  Average or just getting through the day is NOT entrepreneurial thinking.

Since the characteristics of successful entrepreneurs demands striving for perfection, the very idea of average is appalling.  Henry Ford did not create the automobile by giving up at the first glitch.  Andrew Carnegie did not amass a fortune in steel by doing the minimum possible amount of effort.

Entrepreneurial traits drive the individual to seek new creative ideas, seek new and better performance from themselves and seek the top performance in everything they do.  Will they always achieve perfection?  No but they will keep striving to be the best they can possible be.  When they fall short, they analyze what happened and determine how they can do better the next time.

Being a perfectionist is one of the characteristics of successful entrepreneurs.  What is your goal?

If you want personalized assistance in reaching your peak performance, join me at http://www.elaine4success.com/.

You want to be an entrepreneur?  Great.  As one who is and has been psychologically unemployable for over 30 years, I personify the entrepreneurial mindset.

Making money from home requires a committed entrepreneurial mindset.  The characteristics of the entrepreneurial mindset are as different as the behavior of a rhinoceros and a cow.  The rhinoceros charges through the jungle breaking through shrubbery barriers on a direct mission toward the goal.  The cow stands in the field eating grass and waiting for hay to be brought to them when the grass is unavailable.  A rhino will go after the food rather than sitting around passively waiting for it to come to them.

Compare the rhinoceros mindset to the entrepreneurial mindset. The rhinoceros goes after the goal as does the entrepreneur.  The cow performs the basic duties required of it at the will and direction of someone else and expects the hay or grass to be presented to them.  The employee performs the duties required of them by the boss and expects the pay check to be delivered to them.

The entrepreneurial mindset has an overwhelming desire to create their own duties on their own time schedule and reap the significantly higher rewards of that extra individual effort.  By the same token, the entrepreneurial mindset accepts the responsibility of their decisions, good or bad.  The employee expects to receive the pay check on a regular basis regardless of the consequences of each individual decision; after all, it was not entirely their decision, it was either the decision of the boss or with the approval of the boss.

The rhino and the entrepreneur effect to receive the rewards of their efforts and the consequences of their actions.  Making money working from home requires the entrepreneurial mindset.  You are your own boss when you are an entrepreneur.

Another aspect of the entrepreneurial mindset is the constant drive to do better, do more and be more creative.  In order to be making money working from home, you absolutely must focus your mind on the task at hand.  Be creating, be willing to take a risk on a new marketing campaign or new marketing method, and be decisive.  No boss will be making the decision for you, nor do you want them to make decisions for you.  Look carefully at each option and make a decision.  Analysis paralysis will not be tolerated.  Time becomes an important commodity; time must be focused and used wisely, not wasted.  Wise time management is critical to making money working from home.

If you desire to be making money working from home, develop your entrepreneurial mindset and put it into action with focused time and effort.  The rewards will thrill you.

For more in depth tips and techniques for making money working from home, join me at http://www.elaine4success.com/.