| The entrepreneurial adventure is NEVER
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| | you emerge from those dark periods
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| devoid of challenges, many of which as
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| | unscathed, you need to understand how to
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| statistics show, cause most business
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| | control your state of mind. In fact, this
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| startups to fail. What will ensure
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| | aspect is probably the one that most
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| success for virtually ANYONE who starts a
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| | people are least prepared for - hence the
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| business will be their ability to
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| | frequent cases of failed businesses.The
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| PERSEVERE in the face of marketplace
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| | quotes below offer time-tested wisdom,
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| rejection, and daunting obstacles they
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| | that you can use."Work, work, always work
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| will encounter.This article spells out
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| | is the only talisman" - Thomas Lipton"To
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| philosophies you can adopt if you wish to
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| | banish depression, worry and fear, go to
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| achieve long term, sustainable
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| | work" - Anon"I have always found, when I
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| entrepreneurial success.1. Cut-Off ALL
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| | was worrying, that the best thing to do
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| Sources Of Retreat: In his classic book,
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| | was put my mind upon something, work hard
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| Think and Grow Rich, Napoleon Hill uses
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| | and forget what was troubling me." -
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| the analogy of a General who had his
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| | Thomas EdisonDuring my early start-up
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| soldiers burn all their boats upon
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| | days, some of my most productive periods
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| arrival on the shore to face a much
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| | were the times when I was severely cash
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| larger and formidable army, so they all
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| | strapped - or as Burt Dubin would put it
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| knew they had to win the battle or die
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| | - "maxed to the hilt". It was during such
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| trying. This kindled a determination in
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| | periods that I delivered 8(eight), more
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| the men to put forth their best efforts -
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| | or less FREE one-hour talks in various
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| and against all odds, they won.Hill
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| | parts of Lagos between May and July
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| stated that to in order to succeed in any
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| | 2002.I went round them even though I
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| endeavour one must be prepared to burn
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| | hardly could buy fuel into my car! But
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| one's bridges. If you really want to
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| | guess what? Because I truly enjoyed what
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| achieve your ultimate entrepreneurial
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| | I was doing - sharing with people - I
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| goal, you need to ensure your
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| | thoroughly enjoyed myself, and no one
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| circumstances are such that no matter how
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| | knew better! And, I got to polish my
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| hopeless the situation becomes, you leave
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| | public speaking skills plus got rave
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| yourself no "escape" route leading back
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| | testimonials.It was during those lean
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| to the comfort of your previous life.
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| | periods that I wrote the entire 87 pages
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| This is one sure way of keeping yourself
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| | of my Ten-Week Email autoresponder course
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| fired up UNTIL you achieve the inevitable
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| | titled Ten Ways You Can Use
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| reward of success.2. Be Convinced Enough
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| | Self-Development To Create The Future You
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| To Risk Financial Ruin: The ability to be
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| | Want (based on self-development
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| honest with yourself is an important
| |
| | principles I have successfully used to
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| requirement here. Before you launch out,
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| | achieve goals I set for myself) - which
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| ask yourself WHY you want to become an
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| | today is now available for purchase in
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| entrepreneur. You need a reason that is
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| | print as a self-help manual from and
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| compelling enough, a need that is felt
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| | Lulu.com( ebook also here).Add to this a
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| deeply enough, to keep you going,
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| | 70 - page manual titled "Practical
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| refusing to stop or accept failure/defeat
| |
| | Livestock Feed Formulation Handbook" -
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| UNTIL you achieve your intended
| |
| | also written during a rough patch I went
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| objective. Without this, you may find it
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| | through(drawing from my background as a
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| difficult continuing the journey during
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| | graduate of Agricultural Extension
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| the inevitable periods of pain, and
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| | Services, and a member of a Farm Research
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| adversity that most entrepreneurs have to
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| | Foundation), and you will agree that
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| endure before arriving.Robert L. Shook in
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| | tough times can indeed bring out the best
|
| discussing lessons from the lives of
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| | in a person!How did I do it you ask?
|
| great entrepreneurs, pointed out that a
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| | Well, I knew from reading Think and Grow
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| startup needs to be strongly convinced
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| | Rich/other books, that during periods of
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| about his/her business concept. Your
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| | hardship, the best thing to do is to bury
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| conviction he said, would be so great
| |
| | oneself in work - instead of worrying. So
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| that even when loved ones tell you it
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| | I went ahead and did just that! That way,
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| cannot be done, you would be prepared to
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| | I knew I would at least have something
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| invest all you own - and risk losing it
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| | new to show for it by the time things
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| all - to implement the idea. Most
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| | improved.No matter how bad things get,
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| importantly, you would never give up
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| | just go to a quiet place, sit down and
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| regardless of how many times you
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| | THINK. Napoleon Hill's book title(Think
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| failed.3. Remember That Your Struggles
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| | And Grow Rich) was not an accident :You
|
| Develop Your Strengths: Napoleon Hill
| |
| | Have To THINK! Add James Cook's plea in
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| explained that even though many of us see
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| | the last pages of his own book - The
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| people who tirelessly persist in their
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| | Startup Entrepreneur - where he
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| pursuit of cherished goals till they
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| | repeatedly implores the read to pick up a
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| succeed, few ever notice the role played
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| | copy of Napoleon Hill's book and read,
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| behind the scenes by certain
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| | before taking the decision to quit.Before
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| "irresistible" forces which ultimately
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| | you know it, you'll be ready to go back
|
| come to the aid of such individuals.It
| |
| | out and give it another try. Take it from
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| should also be noted that people who have
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| | me - This works! I have done it. It CAN
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| to struggle long and hard to achieve
| |
| | work for you too, if you do it. The
|
| success, always tend to use the lessons
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| | discipline you learn from maintaining
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| they learn from failures to subsequently
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| | such focus will subsequently set you
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| build on their successes, resulting in
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| | apart from the crowd when things are
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| even greater achievements, sustained over
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| | going well.One more thing. Just in case
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| long periods. Arnold Schwarzenegger's
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| | you don't already own them, I urge you to
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| words are relevant to the
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| | go out and get yourself a copy of each of
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| foregoing:"Strength does not come from
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| | those two books mentioned above. They are
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| winning. Your struggles develop your
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| | an entrepreneur's best friends. I have
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| strengths. When you go through hardships
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| | personally referred, in my writings, to
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| and decide not to surrender, that is
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| | James Cook's book as "The Missing
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| strength." - Arnold Schwarzenegger4.
| |
| | Chapters In Napoleon Hill's Think And
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| Master The Art Of Intelligent Mistake
| |
| | Grow Rich". I believe you'll agree with
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| Making (TM) : If you are scared of making
| |
| | me, when you read it!11. Procrastinate
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| mistakes or failing, then forget about
| |
| | When It Comes To Spending (TM) : When
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| becoming an entrepreneur. Entrepreneurs
| |
| | you're starting-up, and even after you
|
| are people who HATE failing. But they DO
| |
| | get up and running, develop the bad habit
|
| NOT fear failure. The former implies they
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| | of putting off spending - for as long as
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| dislike having the experience of NOT
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| | reasonably possible - till your're
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| succeeding at something, and because of
| |
| | convinced it is inevitable.While starting
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| that they WILL go after it again and
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| | up in particular, I suggest you cut down
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| again, UNTIL they succeed. On the other
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| | on ALL your personal expenses by at least
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| hand, the latter statement(i.e. they DO
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| | 90%(I know this sounds a bit extreme, but
|
| NOT fear failure) implies that ALL the
| |
| | based on hindsight, I am convinced that
|
| failures they experience prior to the
| |
| | the process of doing it will clear one's
|
| eventual success would not discourage
| |
| | thinking faster/better). As James Cook
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| them, because they have healthy levels of
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| | said, you will find what you really need
|
| self-esteem. To them, failure is only
| |
| | to spend to get through each day, is much
|
| Temporary Defeat, which can always be
| |
| | less than you think you do.Gradually,
|
| overturned to achieve success.So, you
| |
| | over time, you will discover the
|
| must strive constantly to extract the
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| | appropriate level to operate in terms of
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| equivalent benefit from every adversity.
| |
| | spending.Let me reiterate. When you want
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| Get into the habit of working hard to
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| | to do any heavy business-related
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| extract a useful lesson or benefit from
| |
| | spending, stay off "doing it " for at
|
| every setback, disappointment or other
| |
| | least another 24 - 48 hours, or as long
|
| negative experiences you have in the
| |
| | as possible. Brood over it, challenge
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| pursuit of your goals. Focus on analysing
| |
| | yourself to think of any other way(s) you
|
| every experience of failure for the
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| | can get that "thing" done without
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| "equivalent benefit" hidden in it, and
| |
| | spending that much - or without spending
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| then USE it in your next plan, to
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| | ANY money at all. Herman Holtz(now late)
|
| increase your chances of success. As I
| |
| | - widely regarded as a "Consultant's
|
| put it in my ten ways manual on
| |
| | Consultant", hammered on this quite a bit
|
| Self-Development, "Don't rationalise your
| |
| | in his book "The Concise Guide To
|
| negative experiences or failure, analyse
| |
| | Becoming An Independent Consultant"(John
|
| them!"."I always tried to turn every
| |
| | Wiley and Sons, Inc, 1999). If Holtz
|
| disaster into an opportunity" - John D.
| |
| | thought it was THAT important, I think
|
| RockefellerSuccess tends not to go to the
| |
| | you should too :-).Starting Up As An
|
| person who is error-free, because he also
| |
| | Ex-Employee? Read This! In the
|
| tends to be risk averse. Rather, it goes
| |
| | Entrepreneur's Survival Reference Manual
|
| to the person who recognises that life is
| |
| | that I wrote back in 2003, I made the
|
| pretty much a percentage business. It
| |
| | following observation, based on my
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| isn't making mistakes that's critical;
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| | experiences as a person who left paid
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| it's correcting them and getting on with
| |
| | employment to start a business:If you
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| the principal tasks." - Donald Rumsfeld,
| |
| | plan to(or have already) entered into
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| US Public Official and Business
| |
| | entrepreneuring from a similar background
|
| Executive.5. Think So BIG, That Others
| |
| | to mine, this is the first thing you have
|
| Question Your Sanity (TM) : Many times,
| |
| | to watch out for - your spending habits.
|
| people who know us - friends, relatives,
| |
| | With very few exceptions, most people who
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| and spouses - and who feel they know all
| |
| | go into business after having being in
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| there is to know about us have the
| |
| | paid employment - especially where the
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| greatest difficulty believing we can do
| |
| | pay was relatively comfortable - often
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| anything more than they "think" we can,
| |
| | lack the "discipline" needed to preserve
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| even when we say so. That's why an
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| | the "lifeblood" (i.e. cash) of their new
|
| entrepreneur needs to nurture and guard
| |
| | businesses.This often results in the
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| her self-esteem jealously. It is also why
| |
| | early demise of the new business, and
|
| you must be willing to think VERY big, in
| |
| | their subsequent scampering back to the
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| a way that challenges others, and forces
| |
| | safety of paid employment. When asked
|
| you to commit yourself the more.When you
| |
| | afterwards, they vehemently insist other
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| have a BIG goal, that is likely to impact
| |
| | factors made it impossible to continue in
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| on a large number of people, when
| |
| | business - when in truth, it was they who
|
| achieved, the thought of making it happen
| |
| | were not prepared to modify their habits
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| for so many others is likely to drive you
| |
| | lifestyles to allow their new businesses
|
| to work harder(It does me!). Of course
| |
| | come out of the woods!!" - Tayo
|
| those who think they "know" you will be
| |
| | Solagbade(25 Avoidable Mistakes No One
|
| quick to say you cannot do it, but the
| |
| | Will Warn You About In Starting Your Own
|
| thought of proving them wrong, and
| |
| | Business)12. Pretend You're Already
|
| showing that you CAN, will further boost
| |
| | Successful. The success philosophies I
|
| your efforts.6. Understand That New
| |
| | subscribe to, teach that one needs to
|
| Unique Ideas Will Get You Money :
| |
| | ALWAYS Think And Act Like A Success In
|
| Understand that being able to come up
| |
| | Order To Become One.Jim Donovan in his
|
| with new unique variants of ideas
| |
| | best-selling ebook(titled "This Is Your
|
| services will increase your chances of
| |
| | Life, Not A Dress Rehearsal") that I
|
| making money as an entrepreneur. Not
| |
| | bought from in 2001, described a
|
| having money to start with cannot stop
| |
| | technique called Fake It Till You Make
|
| you from earning money. Your creative
| |
| | It. He explained it by saying that
|
| skills/thinking ability properly nurtured
| |
| | without mis-representing him/herself, the
|
| and channeled effectively, will
| |
| | person who seeks success must act as if
|
| ultimately lead to financially rewarding
| |
| | (and BELIEVE) s/he has already become the
|
| relationships with persons who value
| |
| | successful person s/he wants to be.You
|
| them."Because its purpose is to create a
| |
| | would speak in the present continuous
|
| customer, the business enterprise has two
| |
| | tense about the value you intend to
|
| - and only these two - basic functions:
| |
| | deliver. For instance you would say "I
|
| marketing and innovation. Marketing and
| |
| | Help People Solve Their Business
|
| Innovation produce results. All the
| |
| | Financing Problems" and NOT "I Hope To
|
| others are costs" - Peter DruckerNapoleon
| |
| | Help People Solve Their Business
|
| Hill reassures the reader of Think and
| |
| | Financing Problems". Your apparent
|
| Grow Rich, that most rich persons he
| |
| | self-belief is what will convince persons
|
| studied had amassed their fortunes
| |
| | sincerely interested in having THAT kind
|
| through receiving compensation for
| |
| | of problem solved to engage you.The
|
| personal services or ideas they provided
| |
| | foregoing is why in everything I do, I
|
| to others for a fee.I can still recall
| |
| | work hard to create an image for myself
|
| two particular instances when I had
| |
| | that reflects where I want to be/how I
|
| absolutely no money on me. After sitting
| |
| | want to be perceived.(My multi-site
|
| down and feeling sorry for myself, I got
| |
| | website presence for instance is proof of
|
| into my car and drove from office to
| |
| | this). Success is a continuous process -
|
| office, making cold calls, with my mind
| |
| | you're going to always reviewing and
|
| fixed on meeting someone who would be
| |
| | re-focusing to achieve a higher goal,
|
| ready to pay - immediately - for work I
| |
| | modified vision etc. At every stage, you
|
| would do for him/her. Some hours later(in
| |
| | MUST speak - with conviction - as if you
|
| both instances), I returned home with a
| |
| | are already where you intend to be.13.
|
| cheque/cash as advance payment for at
| |
| | Choose Work That You Would Enjoy Doing
|
| least one of my custom services!7. Ask
| |
| | EVEN If You Did Not Get Paid : An
|
| For Help Without Acting Helpless (TM) : A
| |
| | entrepreneur who does not truly enjoy and
|
| true entrepreneur will not need
| |
| | get great fulfillment from doing his
|
| "samaritans". James Cook was quite right
| |
| | chosen business every time s/he has the
|
| in making - what amounted to - the
| |
| | opportunity, WILL fail when things get
|
| foregoing assertion in his New York Times
| |
| | tough, and monetary rewards fail to come
|
| best selling book titled "The Start-up
| |
| | as expected. S/he will be unable to
|
| Entrepreneur". This is because a true
| |
| | persevere. The logic is quite simple, but
|
| entrepreneur will be offering to ADD
| |
| | the application in the moments of trial
|
| value to what a prospective client(or
| |
| | can be tremendously difficult.If you
|
| investor) is doing for a profitable
| |
| | truly desire to succeed in your business,
|
| fee(or investment). The relationship will
| |
| | make sure you choose one that you would
|
| be mutually beneficial, hence neither
| |
| | gladly do twenty four hours a day, seven
|
| party will be doing the other a
| |
| | days a week, 365 days a year and longer
|
| favour!Cook further admonishes that,
| |
| | if necessary - regardless of whether or
|
| being unwilling to let others give him
| |
| | NOT you get paid! Find that thing that
|
| her "handouts"(e.g. money for free) will
| |
| | you love doing THAT much, and nothing -
|
| help the entrepreneur develop qualities
| |
| | no setback, disappointment or delay - can
|
| that will eventually enable him/her
| |
| | EVER make you quit. And since you can
|
| achieve sustainable success. He warns
| |
| | only fail when you quit, it therefore
|
| against trying to get something for
| |
| | follows that you will NOT fail, but
|
| nothing, which incurs "hidden
| |
| | instead, ultimately succeed.As I said in
|
| penalties".To raise capital for instance,
| |
| | my article titled Should You Quit Your
|
| Cook suggests taking practical steps
| |
| | Job or Start Your Business Part-time?,
|
| like: Seeking out (and offering to sell a
| |
| | doing what you love WILL also eventually
|
| part of your venture to) equity investors
| |
| | bring the ONE benefit(money!) that many
|
| and/or strategic partners; mortgaging
| |
| | people always seem to want to get first.
|
| your assets to raise money(I would add
| |
| | That's why Marsha Sinetar said:"Do what
|
| "if realistic in your society" i.e. going
| |
| | you love, and the money will follow" -
|
| by my personal experiences in my part of
| |
| | Marsha Sinetar14. NEVER Act Based On What
|
| the world); BUT strongly warns against
| |
| | You Think Others Will Say! If you do, you
|
| taking zero-interest government grants,
| |
| | will very likely regret it, and it might
|
| loans etc(for reasons earlier
| |
| | cost you your dream. People, especially
|
| enumerated).8. Know Enough About ANYTHING
| |
| | those who lack the courage to pursue
|
| That Can Help You: Be prepared to acquire
| |
| | their own dreams will - usually out of
|
| ANY and EVERY bit of skill/knowledge that
| |
| | envy and resentment - gossip about anyone
|
| will help you achieve your goal. You are
| |
| | they see doing so with single-minded
|
| not likely to be able to pay to have
| |
| | commitment. As an entrepreneur, you will
|
| someone else do things for you every
| |
| | have to get used to being talked about by
|
| time, especially when starting up. Even
| |
| | such persons(s), and focus on your
|
| when you're not starting up, it would be
| |
| | ultimate purpose.Most entrepreneurs who
|
| financially imprudent to incur recurrent
| |
| | succeeded in the past had to endure
|
| expenses on tasks you could easily learn
| |
| | similar undue attention, and survived by
|
| to do yourself, via self-tutoring for
| |
| | simply refusing to be bothered. An
|
| instance. Read my article titled "How To
| |
| | inability to deal with this problem can
|
| Be A Jack Of Many Trades (TM) , And Why
| |
| | cause you to become discouraged,
|
| It Can Make You Succeed More Often?"9.
| |
| | especially during times when you
|
| Understand That Having Inadequate Capital
| |
| | experiences failures, to the point that
|
| Can Teach YOU : The discipline you
| |
| | you give up and quit. You simply cannot
|
| learn(due to lack of adequate capital) in
| |
| | let ANYONE do that to you! Remember that
|
| using little money to get many things
| |
| | an entrepreneur CANNOT fail except s/he
|
| done, will ultimately help you record
| |
| | decides to quit."Do what you feel in your
|
| impressive successes using a little MORE
| |
| | heart to be right, for you will be
|
| money in a way that will increase your
| |
| | criticised anyway. You will be damned if
|
| business' profitability.Cyrus Hall
| |
| | you do, and damned if you don't" -
|
| McCormick explained that a person who
| |
| | Eleanor Roosevelt"Either do wrong or feel
|
| starts small due to lack of adequate
| |
| | guilty, but don't do both; it's too much
|
| capital, will be forced to learn the
| |
| | work."
|
| rudiments of his/her business so as to be
| |
| | - Rudolf Dreikurs (1897 - 1972)
|
| able to ensure survival on a low
| |
| | PsychiatristSummaryThis list is not
|
| budget.Harvey Firestone expressed similar
| |
| | exhaustive. It is just a collection of
|
| sentiments, adding that without THAT
| |
| | philosophies I have personally found very
|
| experience, he would never have learnt to
| |
| | useful over the years as an entrepreneur.
|
| study closely how to promote efficient
| |
| | You may find you do not agree with some
|
| operations in his organisation in the way
| |
| | of them. That would be okay :-). Take
|
| he did, to the extent that his company
| |
| | what you need, and leave the rest for
|
| became as big as it eventually did.James
| |
| | others to consider. Add some that you
|
| Cook, author of the bestseller, "The
| |
| | discover along the way to what you take
|
| Startup Entrepreneur" and a successful
| |
| | from here. Then use YOUR resultant
|
| entrepreneur in his own right, admonishes
| |
| | personalised guiding philosophy to keep
|
| that lack of capital forces the
| |
| | yourself going till you achieve your
|
| entrepreneur to toughen up mentally, and
| |
| | purpose.Goodluck!Related Articles:1. When
|
| learn how to survive on little, while at
| |
| | I Quit My Job, They Called Me Mad - And I
|
| the same time discovering alternative
| |
| | Felt So, So Sorry for Them!
|
| sources of capital.Dan Kennedy, in his
| |
| | 2. Should You Quit Your Job or Start
|
| book "Succeeding In Business By Breaking
| |
| | Your Business Part-time?
|
| All The Rules" was quite categorical in
| |
| | 3. Why I Do What I Do The Way I Do It
|
| saying that having enough capital to work
| |
| | 4. Avoid Taking Lessons On
|
| with can result in negative consequences
| |
| | Entrepreneuring From The Wrong
|
| similar to those that would arise from
| |
| | Person(s)This article is one of
|
| being cursed. This is because it can deny
| |
| | twenty-five(25) contained in Tayo
|
| an entrepreneur of crucial learning
| |
| | Solagbade's Ebook titled "25 Articles
|
| obtainable from struggling to survive
| |
| | True Stories On Self-Development,
|
| frequent shortages of cash: Learning,
| |
| | Entrepeneuring & Web Marketing To Help
|
| that when applied, would increase one's
| |
| | You Succeed More Often".Self-Development
|
| chances of success.Bottom line is this:
| |
| | Performance Enhancement Specialist - Tayo
|
| Inadequate capital CANNOT kill your
| |
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