The Boss is DEAD!
Some of us are born into families with "it", some of us are just driven over the edge to "it", and some of us crave "it", but just haven't figured out how to attain "it." That "it" is an Entrepreneurial Spirit that is a powerful force that can be the key to your success, and yes?sometimes even failure.
What I've discovered in my many encounters with entrepreneurs?including myself, is that many of us were just sick and tired of working for someone else. We were fed up with putting in all the hours and in many cases not feeling appreciated. We were frustrated with helping the 'next guy' get richer, while we are still struggling to support our families. Yup?it's that frustration that is the driving force for many of us who yearn for freedom to spread our wings. We want to call the shots; we want to take pride in our very own creations and accomplishments. And, oh yeah, when you do it right, being an entrepreneur can be an ego booster too?it just makes you want to shout from the mountain tops? "I DID IT! I FINALLY DID IT!!!!!" No mountain tops near by? The roof top of a building will do as well. Just came down from my roof this morning. LOL
So, now the big question for 2005 is?Do you have what it takes? Yeah, we know you want the glory, but do you have the guts? I just want you to be honest with yourself before you step into this world of blood, sweat, tears and of course? freedom, happiness, and your own money, money that YOU made. Yes, it's hard work and lots of it, but at the end of the day it's worth it.
The Power of Three
Are you ready to combine all of your skills that you have and build up ones that you're lacking? Being a self-bosser, I've most recently discovered you have to take on three personalities?I think Michael E. Gerber, author of The E-Myth Revisited best describes these three personalities as the entrepreneur, the technician, and the manager.
So, who are these guys? And can they all just get along?
1. Entrepreneur: The entrepreneur seeks opportunities in almost everything. He is the visionary, the dreamer, the creative one and that relentless go-getter. He is the risk taker that dwells within us. He knows how to promote the heck out of his product and service and get people to rally behind his vision!
2. Manager: The manager keeps everything in order. He dots the I's and crosses the T's. Without him, there would be no planning?quite frankly there would be no order whatsoever.
3. Technician: They develop the product or service. The technician loves to roll up his sleeves and get the job done. No time for dreaming or planning. They just want to get to work and crank out the finished product!
Now, when you look at these three roles you may notice very different principles they all live by?which is why being a 'multiple personality' self-bosser can present a problem for many of us.
Do you notice which of these three stand out in you? The majority of us usually all start off as a technician, working and developing something?whether it's writing computer programs or being the head chef at a restaurant. Most likely it's something we are doing for someone else?a boss.
The first step to building up your self-bossing muscles is to work on beefing up the areas in where you lack?if not all of these traits will conflict with each other, even if they all want the same end result of success. Creating a balance is key.
Michael Gerber says, "It's the work you're not doing, the strategic work, the entrepreneurial work, that will lead your business forward, which will give you the life you've not yet known?Can you see that as long as you view your business from the technician's perspective, you are doomed?"
"Don't you see, if your business depends on you "the technician" you don't own a business...you own a job and it's the worst job in the world because you are working like a lunatic!"
Wow?that Michael is deep, huh? He hit it right on the nose! I mean, after reading this book, I too realized that I was doing things wrong. Even though I was working for myself, I had a job, I became that "evil boss" that works you to the bone. My inner entrepreneur and manager selves became stifled, because the technician in me wanted to work, work, work?live in the present and not plan or have a bigger vision. I was working in the NOW and not thinking about TOMORROW enough.
I challenge you all to take a look at what skills you possess out of this powerful group of THREE. It's very rare that you can have them all work together at the same capacity, but you can work on creating a balance?without having an internal war amongst the three! You can also work on building a team of others who possess the skills that you don't have.
Key Strengths of an Entrepreneur:
Figure out what qualities you already know are working for you and what you need to focus on developing:
-Face your Fears: Stepping out of your comfort zone is one of the hardest things to do. Tackling something new can be challenging, but only if you let your fear take control?Learn how to face your fears by taking baby steps.
- Self Starter: Now that the boss is dead, it's up to you to develop projects, organize your time, and follow through on details.
- Decision making: You will be required to make decisions constantly. Often times your decisions will require you to be quick while under pressure and without the time to research and/or ask others their opinions.
- Organization and planning: Research shows that many businesses fail because of poor planning. Good organization of your financials, inventory, schedules, team, and production can help you to avoid many pitfalls. Time management is also a trait often neglected, but it can help to make you or break you.
-Motivation: Running your own company can wear anyone down?you can easily get burned out, because of the heavy burden you hold on your shoulders. You'll need strong motivation to make the business succeed and survive through the tough times.
- Dealing with different personalities: Working relationships are going to be one of the foundations to your growth. You'll have to be able to deal with customers, vendors, staff, bankers, accountants, lawyers, and a number of other consultants. And let me tell you, not all of these experiences are going to be pleasant! Patience is going to be the major strength you'll need to deal with others who are difficult.
-Creating?Dreaming?Doing..: Having a strong vision in what you want is so important. Taking time to fantasize about your company's future is something I encourage you all to do. Don't just dream it...write it down and look at it every day. Take the steps to make that dream come true by breaking it up into smaller steps. Always work with the end in mind!
It's a new year?and time to discover that power of three. And yes, the boss can finally be buried!
Other resources to help you on your journey:
Face Your Fears (GTHI newsletter):http://www.gotstohaveit.com/january03_newsletter.html
Building a Team (GTHI newsletter):http://www.gotstohaveit.com/february03_newsletter.html
Simone Kelly is CEO and founder of Gots To Have It, Marketing, a firm that specializes in marketing and empowering entrepreneurs with a series of workshops and networking events. Please view her company web sites here: http://www.gotstohaveit.com and http://www.giventakenetwork.org
Entrepreneurs who need assistance on marketing and focusing, download a FREE PREVIEW of her book, "Jack of All Trades, Master of None?"
|
|
|
RELATED ARTICLES
The Myth of Undercapitalization - Six Ways Entrepreneurs Achieve Success in Spite of Start-Up Money
This year more than 17 million people will become entrepreneurs, according to the National Association of Self Employed (NASE). By the end of the year, 8 million of them will return to the corporate world because their entrepreneurial effort did not succeed. Many will say the businesses failed because of insufficient capitalization. Actually under-capitalization is not the cause of failure, but a symptom of a far more serious problem.
Business Start Up Tips From Some Hearty Entrepreneurs
When's the last time someone asked you: "What's new?"
If you're starting or growing a business, an e-business, or a web site, the answer is: "Everything!" ? especially on the inside.
Business Is No Guarantee of Riches
Q: I'm thinking about starting a business since that seems to be how most rich people get rich. I don't have any business experience or much money, but I'm a fast learner and have lots of energy. Any free advice?
Peter J.
Definition of Entrepreneur
Entrepreneur
Vendor Relations
Communication is the key to vendor relations. In your small business, you will be in need of many products and services. Unfortunately, not every company that provides these products and services will have their act together as much as you do. You, as a small businessperson, were able to carefully study each purchase because it was your money. You knew exactly when, where, how and at what price you were willing to partake in those purchases. Not all vendors you deal with will have such savvy folks working for them.
Become a Recognized Authority in Your Field - in 60 Days or Less!
You don't have to be rock-star famous before you are recognized as an authority in your field. You just have to begin to get the word out. Your goal is to be the person that people think of when your field is mentioned. At first, that may happen only locally, but take heart. Start where you are, with what you have, and you'll light a spark that could eventually become a firestorm of publicity.
The 7 Traits of an Exceptional & Successful Entrepreneur
How often have you either referred to or considered the expression, "Success is a journey and not a Destination?" Probably many times, yet often being in a hurry to get there, we forget that success is not an end unto itself, but is instead an ongoing process.
Double Down on Marketing
If you want to compete in the world of high growth startups, you better know how to play the marketing game. Marketing has become a big stakes game where companies are betting fortunes on the success of their products. Nowadays if you can't play the big marketing game you may not even get the attention of the customers you need to grow your business.
What Makes a Person an Entrepreneur?
Entrepreneurship is generally characterized by some type of innovation, a significant investment, and a strategy that values expansion. The entrepreneur is often quite different in mindset from a manager, who is generally charged with using existing resources to make an existing business run well. The roles of entrepreneur and manager are not necessarily incompatible, but entrepreneurs are seldom patient enough to be good managers.
Documenting Partnerships in Your Business Plan
Forging partnerships to improve market penetration has become commonplace, particularly for "new economy" businesses. And, most companies proudly mention their many partnerships in their business plans.
Financial Strategies for Transitioning from Salaried to Solo
7 Financial Strategies for Transitioning from Salaried to Solo
Is Running a Business for You?
Not everyone is cut out to run a business. Not everyone is cut out to be an entrepreneur. It takes a special talent. Some owners of small businesses have it and some don't.
What Makes An Entrepreneur Tick?
It is only natural that when you start a business, you are doing something different than most people. They not only will look at you because you stick out like a sore thumb _ but human nature will cause people to naturally ridicule what you are doing. They will tell you all types of things like: "You're not business material." "You can't make a living working for yourself." "You'll fail because nobody can ever make any money that way."
The Deal is in the Details
What Startups Need to Get a Business Loan, Part 2
Financing Your Business
Anyone who is serious about making some money is already very well aware of the fact that it takes some type of investment to make this happen. I've read a lot of copy that suggests one can build a business for free, if they are willing to spend an extra amount of time to compensate for their lack of financial backing.
About Ending Competition
1. Why should I not compete with others?
Leadership Attributes for Business Success
Business success is essentially the result of successful
leadership. Contrary to the popular myth, leaders are not
just born. Leadership skills can be learnt and developed.
A business is a distinct reflection of the leader, who may
be the owner or manager. A business is never successful
despite the leader, it is always successful or otherwise
because of the leader.
From Employee to Entrepreneur: Taking the Plunge
Before you decide whether or not running your own business is right for you, start by pinpointing your area of expertise and assessing your aptitude for business.
Adding a Service After You Buy a Business
When you buy a business, you should have a plan. Why have you chosen that particular business? Why that particular time to buy a business? What can you bring to the business? Some of the most successful business stories are of people who buy a business with the intention of bringing their specialized set of skills to it, and using them to grow the business.
Hurricane Katrina, Death, and a Different Type of Entrepreneurship
I've seen terrible images today on the television and internet-bodies of the elderly and infants floating in attics, buildings collapsing, seals washing up in the middle of highways. All I can say is that our thoughts go out to those in New Orleans, Gulfport and surrounding areas in this sad time. We will keep the people who have been hurt or passed away and those who were close to them in our prayers today and in the weeks to come.
|