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Entrepreneur & Leadership

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A 3-Step Formula to Success -- Really. What does it really take to be successful? I think I have an answer. That’s a bold claim, I know. But I can back it up. Hear me out. I’ve been teaching people how to bring product ideas to market via licensing with my partner Andrew Krauss for more than 14 years now. But the more I think about it, the more I believe our method of doing things can and should be applied more broadly. Related: 5 Ways You Can Develop a Positive Addiction to Success So what do I think success truly depends on? 1. To master anything, you first need to study it.

You are on a fact-finding mission. A lot of people skip this step. It's OK to be naïve when you’re starting out. Related: Humility: The Missing Ingredient to Your Success 2. When I take on a new endeavor, I try to identify holes. I then assess whether I’m capable of filling those holes. At this point, you may decide you need more information to come to a good conclusion. 3. You have all of the critical information you need to succeed. How To Take Advantage Of Your Brain's Hidden Productivity Powers. If you think keeping everything you need to know neatly packed away in your head is a smart way to run your life, you’re probably hurting your productivity and stifling your creativity.

"Many if not most people carry around a lot of stuff in their heads that they are trying to keep track of and remember, including appointments, meetings, project deadlines, and to-dos," says Scott Shafer, associate dean and professor of management at Wake Forest University School of Business. The reality is that mental lists distract you from other, more productive uses of your brain like solving problems, he says. Mental lists are more difficult to manage than physical lists. They often feel larger and more overwhelming than they actually are, and they are nearly impossible to prioritize and estimate. Instead, Shafer recommends doing a brain dump—getting workflow, ideas, commitments, and to-do lists out of your head and onto a physical list and calendar.

Brain Dumps Fill Your Calendar. 11 Truths About Being an Entrepreneur. I read a column in the Huffington Post recently that inspired me to tell it like it is. The column broke down some of the myths that continue to be perpetuated about entrepreneurship, like how to “get rich quick.” I know I’m just one more voice adding to the fray, but I felt compelled to share. I’ve been an entrepreneur for more than 30 years now. I wouldn’t have it any other way. This is what I know. 1. Success can be defined in many different ways.

Don't make the mistake of focusing exclusively on how much money you make. Related: Are You an Entrepreneur? 2. And I mean much longer. I recently had the pleasure of listening to Bob Parsons, founder of GoDaddy, give a speech about his career as an entrepreneur. 3. So learn as much as you can from others, especially those who are living the kind of life you want. 4. Time is one of them. 5. We’re all interconnected. 6. Unfortunately, in my experience, it doesn’t. Related: 4 Practices to Triumph Any Trial 7. 8. 9. 10. 11. Entrepreneur Coaching. Why You Must Really Know Yourself Before Starting a Business. If you're an aspiring entrepreneur, you need to take a hard look at yourself before leaving that regular paycheck. Don't assume you will be happier and make more money starting the business of your dreams.

The good and the bad news is that as an entrepreneur, you won’t have a manager charged with directing your efforts or peers helping you implement, and your new team will be quick to tell you only what you want to hear. Thus the burden is on you to capitalize on your strengths, find co-founders and team members to fill the gaps and find mentors and advisors you trust. Related: Want to Be Your Best? It Will Take the Hard Work of 'Deliberate Practice.' Very few people are superhuman, with all the skills, creativity, business acumen, knowledge and personality to succeed alone at any business they tackle. 1. 2. 3.

As an entrepreneur, you will have no place and no one to hide behind. 4. To be effective as a leader and respected by your team, they must see that you like who you are. 5. 6. 7. 7 Metaphors to Help Understand Being an Entrepreneur. A metaphor describes one thing in terms of another, hopefully making that one thing easier to understand. Here are seven metaphors to help better understand the logic of entrepreneurship. The logic may surprise you, as it is not the approach taught in business school. 1. Find your flow. Do what concentrates your motivation. Based on Mihály Csíkszentmihályi’s work entitled Flow, find the work that brings you joy, where you are creating things spontaneously, as if you were in a jazz band.

Related: The Happiest People Know Their 'Flow State.' 2. To put it another way, expert entrepreneurs follow more of an inductive process than a deductive one. College students tend to marry post-graduation. 3. As Jim Collins tells us in Good to Great, it’s first "who,'' then "what". 4. Getting the right people on the bus won’t work unless you are a quilt-maker making a patch-work quilt. Related: 30 Secrets to Hiring the Right People 5. 6. 7. 21 Things Successful Entrepreneurs Never Worry About. Everyone wants to know the secret to success, which is why we all look up to role models such as Bill Gates, Steve Jobs and Mark Zuckerberg. But one of the biggest lessons you can learn from them? It’s simply to worry only about the things that you can control, and ignore the rest. There are many things that stop would-be founders that successful entrepreneurs simply don’t worry about. Here are 21 of them to get you started: 1. Failure Successful entrepreneurs don’t worry about failing. 2.

Many would-be founders are tripped up by fearing success. 3. This sounds odd, because successful entrepreneurs are often very happy. Related: To Thrive You Need to Wake Up to These 5 Hard Truths 4. Mary Kay Ash could have worried about the limits of being a woman in the 1960s, but she didn’t. 5. Successful business owners realize that quitting isn’t always bad. 6. Great entrepreneurs never worry about what they charge. 7. There’s no room in a successful entrepreneur’s mind for pessimistic thinking. 8.