Sep

7

Entrepreneurship and Risk

Filed Under Goal Setting, Personal Development, Creating Wealth, Identity, Entrepreneurship | 2 Comments

We often hear about entrepreneurs “taking risks.” Some even define the very act of entrepreneurship as risky. I’m sure you’ve heard it all before.

In some ways, this is quite true: an entrepreneur who cashes out a life savings or retirement account to fund a new startup is definitely moving away from security and towards risk. Even the budding entrepreneur who quits his day job to pursue a new idea for a home business is taking a risk.

But what does one risk by not taking advantage of a unique opportunity and staying in the same job?

And what about relying on someone else for income? Isn’t it “risky” to count on your employer for raises and greater opportunities?

I’m not about to take the hard line here and argue that entrepreneurship is actually “safer” than the traditional employee route. Nor am I going to suggest that 100% of people would be happier as entrepreneurs.

I am going to argue, much in line with Robert Kiyosaki, that entrepreneurship should be part of everyone’s life in at least some way. Will this require a little risk? Yes. But a little risk is healthy and will likely even contribute to a greater sense of self-esteem and personal mastery.

Even a little risk-taking could be of real value:

Take a little risk and start a website that requires only a few hours per week to maintain but slowly builds traffic and a nice supplementary income.
Take a little risk and sell your homemade crafts on eBay for a few extra bucks here and there.
Take a little risk and write that book you’ve always wanted to publish.
Take a little risk and learn more about the stock market to become a savvy investor.

Maybe your project will turn into something big. Maybe it won’t. Perhaps your work will inspire you onto something else that really works. Perhaps not.

One thing you can count on is a big change in yourself and how you look at the world.

The objective is not to become the next Donald Trump here. You’re simply trying something new and getting out of your comfort zone. It’s just a little risk and only a small move for big results!

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After 1Y0-259, usually professionals go for something easy like 70-536. Attempting another tough course like 642-825 can get pretty arduous.

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Aug

29

What is Time? (An Entrepreneur’s Definition of Freedom)

Filed Under Goal Setting, Personal Development, Time Management, Change & Growth, Identity | 2 Comments

Time is money. At least that’s how most people see it. And to a large degree, it’s true.

I’d like to take this concept one step further – time is *everything.* Brian Tracy put it best when he quipped, “It’s not ‘time management,’ it’s ‘life management.’” Couldn’t have put it better myself, Brain. At the end of the day, it really is about life.

During my very early days of college, I had one of the worst jobs of all time: insurance claims processor. At the time, the money was great, but frankly, the time sucked.

This was the first and last time I worked a standard 8-5 job. Never again. Never.

During a break one day at the insurance office, a co-worker (co-slave?) turned to me and he said, “So much happens out there [pointing to the city beyond our fortress-like office building] while we’re in here. So much.” He was right. And I was suddenly very aware of how imprisoned I felt in the routine of that cubicle nightmare.

Two days later, I marched into that office, removed my things from the desk, and walked out – never to return again. Never.

He was right.

That was perhaps the first moment it occurred to me that I really didn’t want to live my life that way. That is, as a slave to somebody else in a never ending time-for-money exchange.

Of course, I soon learned that money was important, and so I soon found yet another time-based job. But I always found a way to implement Jedi-like approaches to managing my time (my life!) on those jobs – from working for more tips to “stealing time” for personal and/or business building tasks. In short, since then I’ve never worked a job where I didn’t make time management a serious priority.

My whole life is really about maximizing productivity, and I think it’s made all the difference. The trick really lies in learning to be uber-productive in one place – almost to a fault – so that you can create more and more time for yourself that doesn’t belong to somebody else. The trick is to seek out and create freedom. Freedom is what we really want.

Even when entrepreneurs go to work on business projects we are still working for somebody else. Sure, maybe we’re creating a business and that’s something we love to do, but so long as the purpose is profit, we’re really working to please the customer. The freedom there is quite slippery indeed.

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Once you have registered for 642-845, make sure you study well as you will also be able to attempt PMI-001 with this preparation. This holds true for 156-215 in context to SY0-101 as well.

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Jun

29

The Million Dollar Mindset

Filed Under Goal Setting, Change & Growth, Creating Wealth, Identity, Business Success | 3 Comments

Many of you will remember James Ray from The Secret, where he most notably describes his classic metaphor of the universe as a wish-granting genie.

As a regular audiobook listener I am always looking for new educational and inspiration material to load onto my cherished iPod. Last month, I downloaded The Million Dollar Mindset from Audible.com and gave James Ray’s work a shot.

Like a lot of similar guides, The Million Dollar Mindset emphasizes the crucial role of mental focus and personal growth in success achievement. Yes, some of the content is old-hat, especially if you’re a long-time reader of the success genre. Still, much of what James Ray has to say is effectively revisited and reworked in new language – an essential characteristic for a work of this nature.

If you’re looking to start a new business, this book will help you get motivated and get you started in the right direction.

If you’re looking for a new way to think about money and wealth, this book will frame both concepts in new ways.

If you’re looking to redefine your ideas about success, this book is a great pick!

I am a big believer that mindset is crucial to success in all aspects of life. Having an audiobook like this is something like having a success coach in your pocket.

Consider The Million Dollar Mindset for your next “listen.” And check out James Ray’s other works while you’re at it…

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Jun

25

Building Purpose into Your Business

Filed Under Goal Setting, Change & Growth, Identity, Internet Business | 2 Comments

I’m not a fan of “life purpose” as the singular source for personal direction and fulfillment. So much about “life” and “purpose” changes in our fast-paced societies that anything suggesting permanence makes me suspicious.

I prefer to think more in terms of “strengths” and “assets.” Yes, these key areas also change throughout life, but at least these have some staying power.

Without a doubt, the most successful businesses are founded and managed by those with a core strength in that area. In other words, the business owner is not just in it for the profit – there’s a driving purpose or force behind the business before there is a high-level of profit.

You might also think of your life purpose as more of a theme. I’ve always appreciated the word “theme” because it helps to make something clear without forcing unnecessary boundaries around an idea or experience.

In my own business development, I have found it helpful to have an over-arching theme help guide me along by providing a core area of interest that is also flexible enough to help me remain open to some projects that don’t exactly fit the mold.

Since choosing www.mindfulentrepreneur.com for this site, I have found the theme of “Mindfulness” to be fruitful in so many different and satisfying ways. Not only do I enjoy thinking about products and services that might contribute to the lives of others, but I also enjoy applying these same interests to my own life. I’m sure you’ve gathered that by now.

Truly, I don’t think entrepreneurs can help but to build purpose into business – it’s just what we do. But I will say that if you’re having any trouble moving forward in your own progress, this may very well be your hang up.

What’s your business focus? What’s your theme? What’s your life purpose?

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Sep

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Entrepreneurship and Risk

Aug

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Top 10 Articles for Mindful Entrepreneurs - by Steve Pavlina

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What is Time? (An Entrepreneur’s Definition of Freedom)

Jun

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The Million Dollar Mindset

Jun

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Building Purpose into Your Business