A must read for Entrepreneurs part A

By: richchoice on August 24, 2018

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A must read for Entrepreneurs part A

If you really desire growth as a business owner this one is a must read for you, you are experiencing a mix results because you are not properly inform on what you should do and how you should go about it.

you can't call yourself an entrepreneur and you don't strive to improve your knowledge base. coined from the book  THE 7 IRREFUTABLE RULES OF SMALL BUSINESS GROWTH are the 10 I's you should know about growing your business as an entrepreneur.

In fact, there is no such thing as the perfect entrepreneur embodying all 10 of these qualities. Understand that each of the 10 I’s listed is both prevalent and important. Only you can determine how important and how prevalent they are for you and your business.

1. Industrious

I have yet to meet a successful growth entrepreneur who is afraid of hard work. That’s not to say that these same business all-stars are workaholics. In fact, the best growth leaders normally have very balanced lives. But when circumstances dictate, they have the intestinal fortitude to keep going as long as it takes.

The word industrious means hard working, but it also connotes getting something accomplished. I know many business owners who seem to be running in place. No one doubts their effort, but the results are in question. To me, industrious also means being diligent, vigorous, and committed. Entrepreneurs are task oriented, and they pursue their desired result with steely determination.

2. Interconnected

If you want to grow a business today, you can’t go it alone. The complexity of managing a rapidly growing firm has simply become too potentially overwhelming for an individual. Business owners need access to experts and problem solvers. By necessity, entrepreneurs are great networkers. Many entrepreneurs are introverts (shy, energized by ideas and impressions, preferring to work alone). However, the majority come across as extroverts (outgoing, energized by people and action, preferring to work in teams) to the outside world.

Regardless of an entrepreneur’s predisposition, he or she is able to balance introversion and extroversion to further the cause of the business. In this sense, entrepreneurs are like chameleons, able to change their color in varying environments. It has been my experience that they are not acting, but rather understand in their gut that to push the business forward, they have to press the flesh and be out there, visible and talkative. They do it because it has to be done.

Interconnected also refers to entrepreneurs’ tendency to flock together like birds of a feather. Organizations such as Young Entrepreneurs’ Organization (YEO), Young Presidents’ Organization (YPO), The Executive Committee (TEC), local and regional chambers of commerce, and industry

trade groups and associations are just a few of the ways business owners share everything from best practices to life lessons.

3. Intrepid

Historically, entrepreneurs have been seen as big risk-takers. Even today, I see and hear people describe a successful entrepreneur as having “rolled the dice” or “bet the ranch.” Frankly, the characterization simply isn’t true. Entrepreneurs may take more financial risk than other occupations, but business owners really don’t dwell on that. For them, the risk is a calculated one.

Most view their efforts as highly logical, not whimsical. They have experience, knowledge, and confidence on their side, not Lady Luck.

However, I can describe entrepreneurs as being intrepid, that is to say, daring and bold. They know there is risk and uncertainty in any economic endeavor, but they aren’t paralyzed by the thoughts of the downside. They see the risk as a challenge with a worthwhile reward. During a crisis, most successful entrepreneurs I know rise to a new level of courageousness.

4. Irreverent

As a professional speaker, I spend an inordinate amount of time at conferences, conventions, and business meetings. Invariably, that means lines—lines to get your badge, lines to check in at the hotel, lines to get your rubber chicken. But the worst line of all is the one for the taxi, especially when every attendee is trying to go to the same place at the same time.

Taxi queues at hotels, airports, and convention centers can be a nightmare. When I am speaking at an event where the majority of the attendees aren’t entrepreneurs, people line up like well-behaved grade schoolers. They hate standing in line as much as anybody, but they assume that someone must have a system and that eventually they’ll get a cab. When the meeting is dominated by entrepreneurs, however, everything changes.

To entrepreneurs, rules, systems, and policies are simply suggestions. It’s not that they think they are above the rules.

They really don’t. But they honestly assume that if there is a line, something is seriously wrong and thank goodness they are there to fix it for everybody. When there are only one or two entrepreneurs, that attitude can be quite helpful. When there are 300, it’s mayhem. I recently attended an event in Las Vegas.When the dinner hour arrived, no fewer than 50 well intention business owners were actively engaged in various attempts to completely redesign the for-hire transportation system of Las Vegas. 

It wasn’t impatience or hunger that activated their problem-solving juices. It was simply the fact that they saw something that didn’t work very well and honestly thought they had a better solution, given the 10 or 15 minutes they had studied the situation.

That’s what I mean by irreverent. Think of entrepreneurs as pleasant nonconformists. To them, rules aren’t made to be broken, but they are negotiable. Most business founders have a long history of questioning those in authority. If the entrepreneurs like the answers, respect will follow. 

Give what they perceive to be an inappropriate response, and continued challenges will ensue. If the truth be known, the title of this very book plays into this widespread entrepreneurial tendency. By telling a bunch of entrepreneurs something is irrefutable, I’m banking on the assumption that most of them will spend $20 just so they can refute it!

Does this sound like you?

To be continued in Part B, click to read part B