Edward Dovner

People always mention entrepreneurs and taking risks in the same sentence and it’s a given that entrepreneurs are some of the biggest risk-takers when it comes to trying to grow their businesses. To some, taking a huge risk, especially with something as important as a business, is an intimidating prospect. There’s the chance of failure with any risk, which could mean losing your business and financial stability. However, risk could also lead to huge successes; this chance is what makes it a favorite of entrepreneurs. If you’re still skeptical about the importance of risk when it comes to entrepreneurship, read on.

Innovation starts with risk

The reasons risk is so important to entrepreneurs is that true innovation was never accomplished without risk. If you want to achieve true success with your business and smash your goals, you’re going to have to take risks. Some businesses may skate by on doing something they’ve always done or sticking to a stereotypical way of running things, but for many industries, this mindset will not work. Do you just want to have a mediocre business or do you want to be an influencer in your industry, who invents new products and ways of accomplishing tasks?

Your business could have the potential to be a huge success, but you’ll never know until you take the risk. If you currently run your own business, but are afraid to take risks, remember that starting your business in the first place was a risk. Starting any business is a risk, because there’s no guarantee it will succeed.

True entrepreneurs take risks

Like I mentioned, just being an entrepreneur involves taking risks when you start your own business. In addition, it sets the true entrepreneurs apart from those who aren’t sincere about the entrepreneurial journey. If you really want to be an entrepreneur, you’ll need to embrace risk and let it become part of your business strategy. Risk-taking identifies you as a leader and shows other people you’re ready to take charge and make decisions. Someone who’s a follower is willing to let others take the big risks.

Keep your risks calculated

Before you begin taking any kind of risk that comes your way, keep in mind that there’s such a thing as a calculated risk. As an entrepreneur, you need to be smart in your risk-taking. Don’t take a risk that seems completely unlikely to succeed or would tank your business and personal finances if it didn’t go perfectly. The secret to being a great entrepreneur is taking regular calculated risks that move your business along and being able to identify a big risk that’s worth it.

Even if you fail, you learn something

Finally, keep in mind that even if you fail, you can still learn something valuable. It’s important to know how to learn from your mistakes so you can grow as an entrepreneur and as a person. If you take a risk and it fails, acknowledge what went wrong so you don’t make the same mistake again. Instead of pouting over mistakes, learn from them.

In a previous blog, I’ve discussed why social media is important for entrepreneurs, so now I’d like to discuss how you can actually use social media to your advantage as an entrepreneur. Social media allows you to compete with much larger companies when you’re first launching your business, because you can connect with consumers through social media platforms and get the word out about your brand, with minimal cost. You won’t have to spend a fortune on marketing and advertising and can instead use that money to better your product or service. Follow these tips for the most effective ways to use social media to help your business.

Create a support system

One of the greatest parts of social media is that it allows you to connect with other people no matter where they live. You’ll be able to find other entrepreneurs and people in your industry that you can begin cultivating relationships with. They might just be starting out like you or maybe they have a lot more experience. Regardless, it’s important to build a support system of people you can learn from, bounce ideas off of, and get advice from. Look for groups to join on social media where people discuss the basics of entrepreneurship and your industry. These groups instantly connect you to many like-minded people.

Connect with your target audience

A huge part of marketing is identifying your target audience and then working to attract their attention. How you get their attention depends on the demographics of your target audience. Luckily, plenty of research has been done on the demographics of social media sites and when are the best times to post on different platforms. Learn who your audience is and what accounts they use and you’ll save yourself a lot of trouble as you begin your social media marketing.

Interact with followers

Consumers love interacting with brands on social media. It makes them feel that the company actually values its customers and listens to their input. Reply to comments your followers make and consider holding a Q&A session or hosting a giveaway. Getting your followers involved on social media makes you and your business seem more familiar and creates interest in your product.

Push your brand

Social media is vital to establishing your brand, whether it’s your personal or professional one. Carefully think about the image you want to convey and craft it. Keep your brand succinct so your followers have consistency. The more familiar your brand becomes and the more often consumers see it, the more likely they are to patronize your business.

Feature new products and services

When you’re releasing a new product or service, use social media to create buzz about it. Post pictures and short blurbs in order to get people interested. Consider creating a short video explaining what’s great about your new service or showing what the new product does. It’s much cheaper than traditional advertising and with the right use of keywords and presentation, you’ll reach a large audience.

Post consistently

Finally, posting consistently is vital to an entrepreneur’s success on social media. If you want to generate followers, you need to show that your content is valuable. Try to post at least once a week initially, but updating once a day would be even better. Most of your content should be original, but it’s also good to share posts from other prominent entrepreneurs and regularly interact with followers and influencers.

If you’re an entrepreneur, it’s vital that you use social media to your advantage. Billions of people around the world use social media every day and it allows users to connect with people on the other side of the planet, who they would never meet in real life. In the same way, it gives businesses an opportunity to connect with consumers in a matter of seconds, if they use smart marketing techniques on social media.

Consumers of all ages use social media and there is a wide variety of platforms that can greatly benefit businesses. Larger companies have seen major success in using social media to market their businesses, so it’s a vital resource for entrepreneurs as well, which studies have already shown. It can be difficult to get your fledgling company on the same level as a well-established business, so learn why social media can help you work toward overcoming this obstacle.

Reach new people

The biggest draw of social media is the ability it gives entrepreneurs to reach new people they would have never had the resources or opportunities to connect with before. In a few seconds, someone on the other side of the world can view your company’s website and order your product or service. If you have a succinct look and carefully plan how to market using social media, you can drastically increase your following and compete with larger and more established companies. With social media, you no longer have to rely on traditional marketing methods to reach large groups of people.

Connect with other entrepreneurs

It’s always important to have support, especially as an entrepreneur who’s just starting out and looking for ways to better establish a business. You likely have questions about how best to launch your business. Some of the best people to ask are other entrepreneurs, whether they have a lot of experience or are at the same point in their careers as you are! Using social media sites like LinkedIn, Beyond, or Opportunity, you’ll find ways to meet other people who are entrepreneurs and determined to succeed like you.

Usually free

Entrepreneurs often need to carefully budget and marketing is usually the last area money can be put into for a newly launched business. With social media, you can use marketing to your advantage without paying much (or often, anything at all) to reach a large group of people. Hashtags, location based searches, and niche sites make it easier to connect to consumers than ever before.

Establishes your brand

Social media is a fantastic way to establish your company’s brand. By creating social media sites, you choose how to present your brand and are in complete control of the content shared from those accounts. Create a logo, tagline, design, and color scheme that you can use on all social media accounts to achieve a uniform look. By regularly updating your social media, you’ll establish your brand and build a following.

There must be a reason why there are over 600,000 businesses built yearly.

Experts have found out that there are many concrete reasons why you should create and run your own business. These could be why so many want to have their own business.The reasons that this is so is based on interviews with some successful entrepreneurs.

These are real life realizations about business and why so many people want to be businessmen and women. The interview was conducted three months ago and after all the facts were gathered and arranged by my own team, I am now ready to share with you the top reasons why the majority of people want to create their own business.

They are as follows:

1.) You are in control. Admittedly, most people do not want to have demands placed on them. The culture of having your own company is having the capacity and the authority to know and determine what goes on the business. You decide on things. You are at the driver's seat so you take control. This is a challenge that most people are really excited and thrilled about.

2.) No need for job seeking. The process of job seeking really gets tiring and frustrating at times. You feel like you have tried your best and yet employers think you are only mediocre. When you plan your own business, you will not have to go through this process. You are your own job. You will just need to pour in time, effort and perseverance in your business. The results will be your greatest fulfillment.

3.) The choice is yours. You can choose people you want to work with. In a normal employment setting, there will be people who will pressure you. Some office mates really are so overly competitive that they become annoying. They can be stressful most of the times because they compete and observe every action you take. When you have your own business, this will be eliminated. You will have the freedom to choose who to work with.

4.) You take the challenge and earn the rewards. In a business, you do whatever you can to uplift your business. You put in so much creativity and effort. When the results come, you will enjoy it. You will be fulfilled. You will feel and reap all the efforts you have poured in the business.

5.) Your passion can be maximized. When you enter into a business, normally, you choose a business that is of your interest and passion. With this, work is not work at all. You become delighted and happy while doing your job. It is also advisable to start a business that you can get passionate about. Experts have found out that the most successful entrepreneurs are those who have businesses based on their own interests.

Most of the entrepreneurs say that fulfillment is really high when you have your own business. The feeling of reward is maximized because you know how much effort and perseverance you have put in the business.

The interviews I had with these entrepreneurs have made me realize that earning is also higher and faster with your own business. You determine your profit through your labor input. This is one of the greatest things about it.

Having your own business has many benefits, this is the reason why 8 out of 10 people want to run their own business and become entrepreneurs.

Rob Hillman is an Online Business enthusiast. To find out more about how to set up your online business, please visit http://fastersmarter.net/

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Startup businesses advance by developing, enhancing and maintaining operational systems to support the execution of the activities of the business. This frees creative human minds to focus on far more valuable innovations and problem solving activities. Investing time and capital to develop automated systems and process and perhaps even outsourced functions to third parties creates a growth engine for the company.

Systems allow the business to take on more work and process it efficiently with marginal incremental costs. As you develop your business, you determine strategies for product development, manufacturing, service delivery, logistics, marketing, distribution and many more. In addition, consider systems for administrative and financial management, human resource management, regulatory compliance and reporting.

Relying too heavily on people to conduct most of the work in your business, you are likely to discover cost of that approach. Hiring individuals can be costly and time consuming. People have limited time capacity so the incremental investment is higher. People need training; they are more prone to errors and they tend to need time off frequently. People are typically the highest expense item on most income statements. Well-designed operating systems can defer much of this expense while providing an efficient growth platform.

This does not mean to suggest that you never hire people in your business. People must run businesses and successful business relationships depend on the people who establish them. People can ingeniously solve problems, invent new products, serve and support customers and generally improve the operation of your business in ways that automated systems cannot. The emphasis here is on repetitive work performed reliably, accurately, and in high volume without requiring intervention to the processes themselves.

A system does not have to be a computerized business process. A simple "How To" handbook on essential tasks around the office saves people time and assures consistency. It also allows new team members to follow the correct procedures from the start. Such manuals or guides should change as the business evolves and processes develop and grow. As certain work categories become repetitious and require processing of large volumes of work, computer automation becomes essential.

Industry associations or standards bodies may have produced industry standard best practices for your area of business. Adopting relevant standards can significantly enhance your operation by streamlining processes to enhance your ability to relate to suppliers, partners, and customers. Many such standards are developed on the experience and knowledge of large corporations with years of experience and large teams of engineers.

Another important area where systems are helpful is in the area of regulatory compliance. Systems provide standardized methods for complying with regulations to protect your company from liability from violations or questionable practices. Some areas, like accounting, are essentially the same across all businesses, whereas security and privacy and government reporting may be more specific to an industry. Seek advice of legal, accounting, and IT experts in the pertinent regulatory area.

Start the business with a bias toward understanding the work that may be managed more effectively by a system. Perform an assessment before you hire a new person to be sure that a system could not handle the work better. This may not eliminate the need to hire someone, but it will make the business more productive. As the business grows, this attitude will produce significant returns as more work is performed efficiently by systems you established along the way.

Patrick is a coach, speaker, and trainer to individuals and business leaders. He helps leaders to achieve success by clarifying their vision, strategic plans, leadership, change management, brand and marketing strategy. He helps individuals to remove self-limiting beliefs and fears that prevent them from acting on their goals and dreams. 615-261-8585 http://www.patrickgsmyth.com

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Starting a business is one of the best things you can do to secure your financial future and independence. A business of your own is one of the best ways to enjoy financial freedom and turn your passion or hobby into a lucrative earning opportunity.

Things To Consider Before Starting A Business

Whether you are starting a business on a part time or full time basis, it is important to consider a few things first. One of the most important things to consider is what type of business you are most comfortable with.

One of the most important things when starting a new business is to start a business that is a reflection of your own interests. Starting a business that is based around an area in which you have expertise can greatly reduce the learning curve and increase your chances for success.

After all you will already have to learn the ins and outs of running a business; starting a business based around a familiar subject can make getting that business off the ground a great deal easier.

Research The Availability Of Small Business Loans

When it comes to starting a new business, it is important to seek out the financing and help to which you are entitled. Starting a business can be an expensive proposition, but fortunately there is plenty of help available, in the form of grants, loans and other opportunities.

It is a good idea to thoroughly research the availability of small business loans and financing before you start up that new business.

Consult With A Tax Advisor And An Accountant

It is also a good idea to consult with tax advisor and an accountant before starting that new business.

A good tax advisor can help you reduce your tax burden while the business gets going; while an accountant can help you structure your business in a way that will maximize profit potential while increasing the chances for success.

Writing A Business Plan

Before you start your business it is a good idea to write a business plan. The business plan is one of the most important documents you can have when starting a business.

Set Yourself Free From The Nine To Five

Starting a business is not an easy process, but it can be an important step toward getting the financial freedom you have always strived for. Starting a business of your own can be a great way to achieve success and set yourself free from the nine to five world.

Shaunta Pleasant is a professional writer and editor on business planning topics. Visit my site to learn more about planning a business start up at http://www.yourbusinesspal.com/home_internet_based_business_opportunity.html To download our business start up work shop at http://www.yourbusinesspal.com/business_start_up_work_shop.html

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Starting a business, whether it is a 'small business' where you work out of an office or a 'home based business' you run out of a corner of your bedroom, you can drastically change your life through a very simple plan.

Starting a business is not something you jump into. When you are working a simple plan, starting a business is something you GROW into.

How do you make a simple plan for growth when starting a business?

1. Groundwork of your simple plan is crucial when starting a business.

Find someone that was successful in starting a business in your industry, watch them, interview them, find out everything you can about what they did when they were starting a business. Then, write a simple plan outlining what they do all day.

In order to have what they have, you must do what they do, so find out what percentage of their day is spent, for instance, on the telephone making calls, receiving calls and the type of calls.

2. Divide your time.

The next step in your simple plan as you are starting a business is to divide your time like your mentor. Use the same percentage of the total hours, as you will not
work the same hours they do.

The 'secret to success' is not in the hours, it is how you spend them! By following the simple plan outlined here, you make the most of your hours, and get the most out of everything as you are starting a business with a simple plan of success.

3. Set your Goals.

A vital piece of success when starting a business is that you have a goal in mind and work your simple plan to get there.

Without a destination (a specific income amount, a personal item like a car or boat, or simply an amount set aside in savings), how will you know you arrived?

4. Track your progress.

Divide your goal into days, weeks, months and/or years to quickly know what is required to reach your destination.

Check your progress often. You will know quickly if you are sticking to your original goal or if you are ahead or behind schedule.

Just like a road trip, as you are starting a business, you will likely come across some detours, that's OK. On vacation, just as in starting a business, if you find a road blocked or a path impassible, you simply find another way.

And, just as on vacation, include in your simple plan a few hours here/there for such 'emergencies'. If you find you have no emergencies, simply choose something else that will get you closer to your destination, or just relax and enjoy where you are.

5. Work ON your business, not only IN your business.

In starting a business, you must set aside part of your time to plan, set goals, promote and advertise your business, not simply work along in your business, doing the things you do.

When starting a business, a simple form of advertising is a website. The more people that see what you have to offer, the quicker your business will grow.

You could go door-to-door, telling everyone about your website (not a simple plan!), or maximize your time by posting articles online where many people see them.

This is overlooked by many as they are starting a business, and one of the reasons they fail...

As your business grows, you will do less advertising and begin to work your simple plan toward the 'IN your business' phase.

6. Give excellent Customer Service.

Upset customers kill more business than you can imagine. Find a way to work with them, or simply give them their money back. Losing customers is something you cannot afford when you are just starting a business!

So many people simply do not make the time to provide quality service to their customers. Do not let that happen to you!

With a little planning and goal setting, follow through each week and simply repeating the process, you can change your business from flat to cash in a short amount of time.

When starting a business, if you follow the simple plan we have outlined here, you are already a success!

Steve Majors - The Lazy Investor

Profit from business related articles, real estate investing information and news from one of the most creative investors on the planet!

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[http://SteveMajors.com]

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Are you tired of working for someone else? Do you feel that you have a great idea that can be the start of a great business? Do you see opportunities everywhere you look? Well, then, you might just be an entrepreneur.

Before you can know if you are cut out to be an entrepreneur, however, you have to understand just what an entrepreneur is. That is not quite as simple as it sounds since the definition has been changing for nearly 100 years!

The first definition was simply someone who invented something. Eventually it turned into someone who owned a business. Neither one of these definitions really got to the heart of entrepreneurship. The best definition I have found, and the one used most often today is this:

Someone who organizes, manages, and assumes the risks for a business or enterprise.

This description shows that not only does a person "invent" something, but that they see the opportunity and build a business around it. An entrepreneur has a vision and builds around this vision.

Debunking Entrepreneurial Myths

Not only have definitions been changing, many myths have been flying! There are many myths associated with what it takes to be an entrepreneur. Let's examine of few of these and see if we can't put things into a better perspective.

  • Myth #1: Entrepreneurs are born, not made.

Is it true that you are either born an entrepreneur or you are not? Are you doomed to forever work for someone else simply because of your genetic makeup? It is true that entrepreneurs typically have a flair for the creative and a lot of energy. These are things that we are born with. However, just having these characteristics certainly does not make you into an entrepreneur.

These talents by themselves are like unmolded clay or an unpainted canvas. A true entrepreneur takes these characteristics and gathers the right skills, experience, and contacts. They are also constantly searching themselves to make improvements. You are quite likely to find an entrepreneur in the "self help" aisle of a bookstore!

So, the answer to the question? Yes and no. Yes, there are talents that most entrepreneurs are born with. And no, you have to actually use and continue to improve these talents!

  • Myth #2: Anyone can start a business.

Although it is true that anyone can acquire a business license and open shop, there is far more to "starting a business" than starting up. The easiest part is starting up. The hardest part is surviving, sustaining, and building. It takes work to overcome, to build, to persevere, to create, and succeed. To be a champion it takes focus, creativity, diligence, time, and resources.

Can anyone start a business? Yes, they can. Can anyone succeed? Yes, if they put their heart and soul into it, along with the right resources!

  • Myth #3: Entrepreneurs are their own bosses and completely independent.

The dream of being "your own boss" often captures the attention of those working for someone else. There is this notion that the boss makes up the rules and only has fun. This is far from true! Entrepreneurs, though independent, have to serve many masters including customers, employees, families, and those involved in social and community obligations. Entrepreneurs, however, can make free choices of whether, when, and what they care to respond to.

  • Myth #4: Entrepreneurs are motivated by the quest for money

A sense of personal achievement and accomplishment, feeling in control of their own destinies, and realizing their vision and dreams are the most powerful motivators for entrepreneurs. Money is viewed as a tool and way of keeping score.

Eight Entrepreneurial Characteristics

Remember that entrepreneurs are always striving to improve themselves. So, in reality, if you want to be an entrepreneur and you are willing to work on it, you can eventually be one!

Over the years, people have studied entrepreneurs to determine what makes them successful. Certain characteristics seem to show up over and over again. Here are the 8 characteristics that you will want to have and improve upon if you wish to be a successful entrepreneur:

1. Leadership

2. High Energy

3. Self Confident

4. Organized

5. Competitive

6. Prepared to Work Hard

7. Risk Taker

8. Good Communicator

Take a good hard look at the list. Do you have these qualities? Do you have all of them? If not, which ones do you lack and what can you do about it?

For instance, are you lacking in organizational skills? There are certainly a large number of books and websites devoted entirely to this subject. So, read a good book and then follow the advice! Organization can be a learned trait, not just one you are born with.

What about communication? Do you have trouble expressing yourself and your ideas? The best way to get over this is to communicate more! Try joining Toastmasters so you can speak at every opportunity. Or take a course in speaking or writing.

There is nothing on this list that can't be learned. There is also nothing on this list that entrepreneurs can live without. So, if you want to be an entrepreneur, be honest with yourself and then get to work!

Five Entrepreneurial Resources

In addition to characteristics, entrepreneurs must have certain resources at their fingertips:

1. Enough money to see the project through: Most business ventures fail, not due to poor ideas, but due to lack of money! You will need to have a plan of action and know what start up money you need.

2. Good health: Being an entrepreneur requires long hours of hard work. Being in poor physical shape will not help you be successful in your new venture! Consider some new habits, like exercising, quitting smoking, or even taking a stress management class.

3. Unique product or service: You can't sell something that everyone else is already selling. It doesn't have to be brand new, but it does have to have a new twist!

4. Family/friend support: Since being an entrepreneur takes a lot of time, you will want to have family support.

5. Experience: You need to have an interest and at least some experience in your chosen field.

Just as with the talents, these resources can also be acquired. The point here is that you can't be an entrepreneur without them!

So now you know what it takes to be an entrepreneur. Do you have the skills? Do you have the resources? Are you willing to sacrifice and change to get them? If you can answer yes to these questions, then you are well on your way! Good luck!

Teri B. Clark is a professional writer and published author offering writing help for professionals. Her book, Private Mortgage Investing, is a finalist in the Foreword Magazine's Book of the Year Award. Her book, 301 Things You Can Do To Sell Your Home NOW and For More Money Than You Thought, has just been released. Learn more about Teri at http://TeriBClark.com

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If you have seen me speak you will know that I believe the word 'entrepreneur' is used way too much these days. People seem to wear it as a badge instead of just getting out there and doing entrepreneurial things.
Just because you run or own a successful business doesn't necessarily mean that you an entrepreneur.

Entrepreneurs have a different mindset to others. They will go way above and beyond to complete and finish something that they have started.

I have developed what I call the 5 senses of an entrepreneur which will highlight those differences.

We all have 5 which are sight, taste, smell, hearing and touch. The entrepreneur also has those 5 senses but to them they mean something totally different. The 5 senses relay messages to your brain which makes you operate in a certain way. This is the same for the entrepreneurial sense. The entrepreneurial senses direct an entrepreneur to operate and succeed in a certain way.

Below is how an entrepreneur uses the 5 senses.

SIGHT.

Entrepreneurs can see things normal business owners can't. By that I mean that they can see potential in the smallest of things, whether it is a new trend or a different way of doing something and in turn gaining bigger and better results from the others around them.

They also have the foresight to see past the hurdles or obstacles that most business owners would see as a full stop and press on regardless of the issues that they may face.

They aren't really good on the stuff that is right in front of their faces, the day to day stuff as they are already thinking far in advance.
You could say that some entrepreneurs have blinkers on. Once they are focused on something, they will see it through to the end. Whatever comes their way will be quickly dealt with so as they don't lose momentum or become distracted.

TASTE.

Entrepreneurs can taste success in everything that they do. It doesn't really concern them with the current taste of a deal or a venture as they know what the ultimate taste of success in that deal when it is finished and completed will actually taste like.

Even when they have a taste of something bitter; whether that is a deal gone wrong or a wrong decision, they will still press on until the sweet taste of success is filling their mouths.

Just as kids when we are all made to eat those disgusting vegetables (the cauliflower and brussel sprouts) and then as we grow up we are able to make our own choice as to what is on our plates, so does the entrepreneur. They have been through the hard yards just as everyone else. They just want to have the choice as to what taste stays in their mouths for the longest period of time.

Until they taste it, they will not give up.

SMELL.

An entrepreneur can smell success from a mile away. In fact, they can smell it before they even experience it. It is that sweet smell that keeps them driving towards touching and living it.

Just as they can smell the sweetness of success, so can they smell a bad deal. Now I am not saying that everything an entrepreneur puts his or her hands to will always work, but as they go through their lives they will know quickly if something smells a bit off.

It is this sense that is the most important one to an entrepreneur. Without the whiff of something potentially huge and exciting, an entrepreneur will usually let it go.

They also have the ability to smell "manure" a mile off.

HEARING.

With the ear, it receives a whole lot of different vibrations and sound waves which in turn it processes it into something that makes sense to our brains. This in principal is what happens to an entrepreneur. All of us hear different feedback, various business opportunities and potential deals throughout our lives. What makes an entrepreneur different from the rest is that he or she will decipher that information (usually very quickly) and either act upon it or dismiss it straight away just by the sound of the information that he or she has heard. Where as most people will go down the path of that information and potentially lose out when it isn't what was first perceived.

The entrepreneur will also have a knack of blocking out the negative information or comments that come into their ears. They will not be the type of person who will allow that negative information to pass into their thinking an in turn, into their actions.

Entrepreneurs have selective hearing. They know what they want to hear and they know what success sounds like.

TOUCH.

An entrepreneur will not give up until they have a firm grip on what they have been pursuing. For some it may take them a short time and for others a very long time. but until they have that success by the throat, they will not let it go.

You see it is this sense that is the reward stage for an entrepreneur. It is the thrill of the hunt with the catch mounted high on their walls of life.

This is not to say that everything they set their hands to will work. It is that they know the feel that they are looking for. They know how hard they need to press or how gentle they may need to be. It is the same principal with holding a baby as opposed to a hammer. One is gentle the other is forceful. The true entrepreneur will have an understanding of the touch that is needed.

So as you see, there are many facets that set an entrepreneur apart from a normal business owner.

Why not take the entrepreneur test(TM) on not only yourself but also your staff and you will see where you stand and where your strengths really are.
This is a great tool for any business owner.

Go to www.justinherald.com

Justin Herald started a business with only $50.6 years later that business was turning over $20 Million. He retired at the age of 31 and is now considered one of the worlds rising stars in the field of self improvement.

Justin has 3 international best selling books:

1. Would you like Attitude with that?
2. What are you waitng for?
3. It's all a matter of attitude.

He was also named the "International Entrepreneur of the Year" 2005

http://www.justinherald.com

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Making important decision is one of the toughest things to do in life. Brendan Francis observed, "Some persons are very decisive when it comes to avoiding decisions." When you look at some successful people, you may wonder how they can come up with a right decision. What are their "secrets" in the decision-making process? After performing an intensive research on the decision making topic in both theoretical and practical aspects, we discovered that the secrets are very simple: Activeness, Balance, and Checking, or the "ABC" secrets for short. So, what exactly are "Activeness", "Balance", and "Checking" in the context of decision making topic?

A. Activeness

You have to be active to engage in a long and possibly difficult decision making process. In many cases, you think the issue you have to decide on is too complicated to understand and make a choice. It may be hard or time-consuming to collect enough useful and reliable data or information. In the other extreme, you may be swamped with too much (possibly conflicting) information and opinions about many alternatives. You may be afraid that you have to take a risk to choose an alternative. Therefore, you become passive in the decision making process. You simply "close your eyes" and follow in other people's steps (this may happen when you go to buy a car at a dealer).

The reason you have to be active is that you are the one who will take responsibilities and effects of your final choice. You cannot blame other people that they have told you to make a wrong choice. Attitude is important. You cannot say, "This issue is too hard to decide. I don't know what I'll do now." So remember the proverb, "Where there is a will, there is a way." If you have an active mindset to resolve the issue, eventually you will find the solution. Particularly in the decision making realm, you must have some determination to face certain difficulties. You must spend time and effort when specifying the features you want, searching for alternatives, comparing them, making a short list, and finally selecting the final choice. If you follow those steps properly by actively thinking, planning and carrying out the plan instead of passively relying on other people (for instance, the seller), then you will finally get the right choice with confidence.

B. Balance

There are three aspects of balance.

The first aspect is to balance between different expected features. Don't let yourself get too attached to one alternative. For instance, you may choose one candidate because of only one feature you like most, but you'll forget about other attributes which may be even more important and have long-term value or effect than the one you like.

The second aspect is to balance between the time you spend for steps of decision making process. Some people spend too little time to define the features and values of the alternative. In other words, they do not know what they actually need. They might choose an unreasonable candidate for their purpose. Other people may spend too much time to search for many alternatives and get overwhelmed with too much information as well as many conflicting customer reviews. Time passes and they start losing their direction. They may come up with an improper candidate just because the deadline to make the decision has almost arrived. For instance, this case may happen with some couples who have a high demand to find a good restaurant for their wedding reception. The lesson is, to balance between the time you spend for the steps of decision making process, you should create a good plan to give yourself proper durations for each of the steps, along with some extra time. Don't forget the idiom, "Rome wasn't built in a day."

The third aspect is to balance between your rational analysis and instincts, or gut feeling. Some people are the type of person who relies on logical thinking based on data, information, formulas, and so on. If that applies to you, before you make a decision, you should turn down your "rational machine" for a while then listen to the "voice" from your intuition. Reversely, if you tend to decide things based on your feeling, you should do some exercise with rational analysis to see the other side of your decision issue.

C: Checking

You should check other available, similar alternatives from other brands, manufactures, sellers or service providers. It is also worth checking other sources to see whether that is a good time to make the decision, or if it would be better to postpone the action, for instance, waiting for the price to go down more or if there is a new version of the product coming soon.

You should check your collected information with advice, opinions from other reliable people such as family members, friends, colleagues, etc.

Even when you're ready to choose the final candidate, you should check again whether that alternative has some hidden, undiscovered weaknesses, faults or extra costs. Don't make your final choice too fast. "Haste makes waste." You need to "pause" yourself for a moment to double-check everything carefully as the practice of a master carpenter, "Measure Twice, Cut Once."

In summary, the three secrets to make the right decision are Activeness, Balance, and Checking. Activeness means you should be active in finding the expected features and alternatives for your choice. Balance refers to the balancing between different aspects. And Checking reminds you to check again your collected information, timing, and hidden costs.

Thomas Donn is the creator of the KChoose Decision mobile app for iOS and Android devices as well as the secured social network KChoose.com - enabling users to ask other people to get advice and suggestions for their decision. For more information, please click this link to download the app and watch the demo and tutorial video clips.

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