Thursday, February 26, 2009
Empower Yourself As A Resourceful Entrepreneur
Have you ever found yourself thinking I don't have enough experience to...
* Launch a website
* Send out a press release
* Set-up a joint-venture partnership
* Speak at a networking meeting
We all have doubts about our lack of experience running a business or expanding in some way. And while experience is important resourcefulness has a BIGGER impact on your long-term success. If you know WHAT needs to be done, you can get help on HOW to get it done.
Let me share how I discovered this to be true...
My career began doing product development and merchandising for the Gap, Banana Republic and J. Crew. About 13 years ago, while in-between jobs, an old boss and mentor asked me to take on a project that was completely outside the scope of my expertise.
He wanted me to open and run high profile stores around the country. It meant negotiating real estate deals, signing leases, overseeing the design of the space from fitting rooms to bathroom locations, to which computer systems we'd use, to actually purchasing the product. The scope was huge, overly awesome, nothing that I'd ever done before and crazily enough I was the only person he wanted for the job.
Why I wondered? What did he see in me that he had such trust I could do this?
For a month or so I felt like a deer in the headlights as I kept encountering new things that I was responsible for that I knew nothing about. I had notebooks upon notebooks with questions that I needed to get answered about all the parts of running these stores. Then, about two months into my job, a light bulb went off for me.
Knowing the "WHAT" is More Important Than the "HOW"
I understood why he chose me. I clearly saw what my gift was and why I was the right one for this job. I am very strong at knowing and figuring out WHAT needs to get done. I may not know HOW it's going to happen and how to do it (and in this case I clearly didn't) but I am resourceful and can connect with others who do have the expertise I may be lacking to get the job done.
This skill has served me well as an entrepreneur. Because there's nothing that truly prepares you-or gives you all the experience you need -to be an entrepreneur. You have to be willing to jump into unchartered waters, and trust that other experts can fill in your gaps. Especially as women, it takes a village and we should relish the fact that we can reach out for support.
Get a Support Network Behind You
As an entrepreneur it's so important to have a network of people you can turn to when you have questions. By getting other people involved in our business success, we'll not only get answers to our questions, we'll be inspired by their ideas.
You truly empower yourself when you involve people that will both cheer you on and provide valuable knowledge - people who can show you the "how".
What if you don't feel like you have enough people in your life that can give you the support you need? This is a big issue for mom entrepreneurs because we're home alone and it's difficult to find the business support we're looking for. I believe there's no need to go it alone, mom entrepreneurs are very generous in their support. Here's an example of example of this kind of generous support I see quite often.
Open Up and Share
I recently had a someone in my community approach me on the side and said, "Kim, I'm really struggling. I have a full-time business and a direct sales business that is just not where I want it to be. Times are tough economically, and it's just not working as I want it to be."
In this process, the woman opened herself up in a very vulnerable way to me. Because I understood her situation, I was able to connect her with some women I thought could support her. One of these women got her to think about something professionally she hadn't even considered.
This new idea allowed me to say, "Aha. I can make another connection for you." Together we were creating a spider web of connections for her. It was such a glorious experience to watch and to realize she had tapped into a handful of other people who could provide great support for her. That was thrilling.
This story really emphasizes the importance of opening up to others to find the right answers to your questions. You might feel vulnerable admitting that you don't know the answer but what better way is there to get support?
For myself, by asking good questions and finding the right people to support me and help me find the answers, I've been able to move my business forward. Don't underestimate your ability to get your business moving forward. With the right support, you can be empowered to be truly successful on your own terms.
3 Perfect Home Based Business
1.Visit Free Affiliate Websites
Affiliate Marketers Benefits:
Make $40 each time a person you refer gets their own MONEY MAKING WEBSITE. Conversion rates are PHENOMENAL. See your stats LIVE 24/7 a day (and even on your Window's desktop). For example, if you refer 10 signups a day, you would make $400 a day or $12,000 a month. PLUS, you get a $5 bonus every time a person you refer refers another sign up. You can CUSTOMIZE the Money Making Website people get to feature different products so that you can differentiate yourself from other affiliates (and make more money)!
Website Owner Benefits:
Earn the SAME Commissions as above with some BIG BENEFITS: Since you have a website selling a product or service, you can feature YOUR WEBSITE in the Money Making Websites everyone you send gets. All you do is put up your unique link on your website. That means that EVERYONE you refer will make money selling YOUR PRODUCTS. They train, coach, and answer questions for the affiliates you refer. You can sit back, relax, and count your commissions. There tests show that this can increase YOUR website PROFITS up to 500%!
2.Visit The Automated Cash Formula
With this product, you get a step-by-step guide to duplicate what Dale did and start making money quickly and easily.These affiliate marketing methods, such as joint venturing with other websites is covered in the Wealth Prescription (Net Wealth Dr.), but Dave goes into more details specifically with this method.This works, and I make money every day using his methods.I only tried one project and I received a check for $688.53 eight days later! And this is all profit as it didn't cost me anything to do.I think the chapter on page 30 is a must read, and I'm certainly recommending this product to all my best customers.This really works! After taking a look at your course I decided to put it to the test.What would it mean to you to be able to go from nothing to having tons of extra cash each month just pouring into your bank account?You could pay off your debts, eventually buy that dream home or sports car, go on exotic holidays at the drop of a hat. Yes, this could mean so much more than just money - it could be you and your families ticket to freedom.
3.Visit The Wealth Prescription
This website was found in my testing to provide the best methods to make money online with affiliate marketing and other methods. The level of one-on-one coaching that we found was far superior to any other website that we tested. The videos and e book offered new methods that we had never seen taught before, and better yet, that worked very quickly for me! When you join the Net Wealth Dr. Membership program, make sure to take advantage of the free one-on-one coaching that you get. This made the difference for us because we had questions and the coaches helped clear them up for us and had us making money in no time at all.
Building Your Business
Most businesses started by inexperienced people fail.
Probably the primary reason why people don't start businesses is because they're afraid that they're going to lose their money and for good reason.
99 percent of businesses started by people lacking business experience fail within the first two or three years.
Why Businesses Fail
And why is that?
It's because they don't know how. They haven't the slightest idea how to make a business successful.
They may have an idea for a product or service, but they don't know all the things that they need to know to run a successful business.
Why Businesses Succeed
However, surprisingly enough, 80 percent of businesses started by experienced businesspeople succeed.
Now why should this be so?
The reason is because experienced businesspeople know what to do.
- They know how to purchase their products and their services.
- They know how to negotiate with their suppliers.
- They know how to raise money.
- They know how to negotiate leases.
- They know how to sell and to market.
- They know how to manage their finances.
In other words, experience is the key.
In order to start your own business and succeed, you have to learn how.
Control Your Costs
The second reason that businesses fail, 46 percent, is because of poor cost control.
They may be selling enough on the front end, but they're losing so much on the back end that they go broke anyway.
Sales and marketing, financing and cost control, both require experience.
And if you're serious about becoming financially independent, you have to learn how to do both of these.
Put Luck On Your Side
You must learn the skills you need to be successful.
Business success is not a matter of luck. Business success is a matter of application.
It's a matter of ability. It's a matter of experience and skill and intelligence, and wonderfully enough, you can learn what you need to know to be successful.
And you can start by learning through on-the-job training, which is called OJT.
Most successful businesspeople become successful because they get all their training by working for someone else.
Action Exercises
Here are two things you can do immediately to make sure that your business succeeds greatly:
First, take the time to get the knowledge and experience you need in business by working for someone else where you can learn a lot in a short period of time.
Go to work in an area in which you are interested and learn everything you possibly can.
Second, read and study in business, especially entrepreneurial business, all the time.
Read one or two business books per week and read every business magazine that is published on your subject. Never stop learning and growing.