Category: Entrepreneurship

Mind Petals: Well I’m here to challenge that notion about quitting and giving up. Yes, we should be quitters and give up on things in life. Just because we’re entrepreneurs, it doesn’t mean we have this “never-give-up” law up imprinted in our souls.
Sure, if an idea turns into a mess and begins to bring unhappiness into your life, then get rid of it. Bury that baby! It’s perfectly fine to give up on an idea and push forward with something else.
Think of yourself as an scientist… actually, don’t think of yourself as one — you are a scientist. And as a scientist you are going to explore and experiment and fail. Some of your ideas will be solid, some weak, and some “so-so.”
But here’s the thing: you need to learn how to quickly get out of a “bad” idea and start searching for a “good” idea right away. The key here is to find an idea that you can focus on and truly explore for, well, the rest of your life possibly. But, if you continue to keep yourself trapped in a series of “so-so” ideas that are eating up your energy, creativity, and well-being, then you are going to be the demise of yourself — your entrepreneurial journey.
Learn when it’s time to put the nails in the coffin and bury your bad ideas. Learn this now and learn it fast. It’ll push your forward as an entrepreneur and there will be less weight on your shoulders. And the less weight on your shoulders, the easier it’ll be for you to move the world.
When is it Time to Put Your Idea in A Box, Nail it up, and Bury it for Good? [Mind Petals]

YoungEntrepreneur: How is that for a title to get your attention? CNNMoney recently put out a series of 8 profiles that look at successful entrepreneurs who have built up their companies despite not having access to major financial backing.
It goes to show you that you do not need a lot of money to get started – you just need to invest the capital you do have and your energy in the right places.
The profiles are a quick read and also include 8 lessons for success including:
Lesson: If you must borrow from your friends and family, keep it formal
Lesson: Prep as much as you can while you’re on someone else’s payroll
Lesson: Do what makes you happy – because at first, happiness is likely to be your main reward
Lesson: It’s not who you know – it’s how well you keep in touch with them
Lesson: You’ll amaze yourself at how cheaply you can run a business when it’s yours
Lesson: That great idea you had for your boss? Maybe it’s the business you’re looking for.
Lesson: Help investors see that taking a chance on you is not that big a risk after all
Lesson: Picking the right partner can be as important as picking a product
How To Get Rich [YoungEntrepreneur]

SmallBusinessCEO: What the definition of an entrepreneur is. Is it a role, an attitude or a title?
Webster’s Collegiate Dictionary defines it as: “On who assumes the risk and management of a business.”
That is no help. If I am a functional manager in a business, say a Sales VP, I am surely managing a part of the business and I am taking a risk with my career, my employees and peers. Does that make me an entrepreneur?
Maybe it is all of the above, a role, an attitude and a title.
Entrepreneur seems to be the hottest buzzword going around, the hero, the savior of economies worldwide. How do we spot one when we see one? How do we spot youngsters and support them in their journey to business success?
What is an Entrepreneur? [SmallBusinessCEO]