New Entrepreneurs -- Understand the Game You Are Playing
Every game has rules. The rules all lead to certain strategies working better than others. And your inner game helps you to build the right strategy. That is no less true in the entrepreneur game than baseball or tennis.
The better you understand the basic principles of business development, the better chances you have of winning the game. This lens will teach you those basic principles.
The better you understand the basic principles of business development, the better chances you have of winning the game. This lens will teach you those basic principles.
Shallie Bey
Smarter Small Business Blog
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Business Development
Understanding the Discipline of Business Development
Entrepreneurs, regardless of what industry they are in, tend to follow similar patterns as they establish and grow their businesses. If you want to be successful faster than normal or at a greater scale than normal, you will do well to understand the patterns that lead to problems and the patterns that lead to success.
Discipline...control gained by obedience and training...is the key to putting the knowledge of patterns into play. After all, successful development of your business depends first upon having a good strategy and then upon good implementation.
Many business owners approach starting a new business as though it is an instinctive skill. They think that if they know how to cook chicken, they are fully equipped to open a chicken restaurant. It is this pattern of following your instincts, flying by the seat of your pants, that causes so many people to run into the same problems.
The discipline of starting a business begins with the fundamental three planning questions:
1. Where are you now? This is about getting oriented to your current situation. If you have never owned a business before, you have a bigger learning curve ahead of you than the person who is opening their third business. If you have vast financial resources, you face a different starting point than the person who is already in debt.
2. Where are you going? This is where you define your objective? Do you want a solo opportunity that will grant you a few hundred dollars extra income or are you looking to be at the top of the INC 500 in five years? What is it that you want to build?
3. How are you going to get there? You might think of this as the bridge that you must build to cross the chasm between where you are now and where you want to be. You might call this your strategy.
Slow down to act with discipline. Begin by answering these three questions. You are likely to accelerate your overall success.
No one embodies the concept of discipline more than Marines. Look at how their discipline inspires us to think of them as super humans.
Talk with a drill sergeant. Ask them about recruits getting off the bus on day 1 of Boot Camp. Do you think they achieve becoming...one of the few...one of the proud...flying by the seat of their pants? Are you ready to begin your training? Will you inspire the people who must do business with you...your employees, your vendors, your lenders, your customers?
Shallie Bey
Smarter Small Business Blog
Discipline...control gained by obedience and training...is the key to putting the knowledge of patterns into play. After all, successful development of your business depends first upon having a good strategy and then upon good implementation.
Many business owners approach starting a new business as though it is an instinctive skill. They think that if they know how to cook chicken, they are fully equipped to open a chicken restaurant. It is this pattern of following your instincts, flying by the seat of your pants, that causes so many people to run into the same problems.
The discipline of starting a business begins with the fundamental three planning questions:
1. Where are you now? This is about getting oriented to your current situation. If you have never owned a business before, you have a bigger learning curve ahead of you than the person who is opening their third business. If you have vast financial resources, you face a different starting point than the person who is already in debt.
2. Where are you going? This is where you define your objective? Do you want a solo opportunity that will grant you a few hundred dollars extra income or are you looking to be at the top of the INC 500 in five years? What is it that you want to build?
3. How are you going to get there? You might think of this as the bridge that you must build to cross the chasm between where you are now and where you want to be. You might call this your strategy.
Slow down to act with discipline. Begin by answering these three questions. You are likely to accelerate your overall success.
No one embodies the concept of discipline more than Marines. Look at how their discipline inspires us to think of them as super humans.
Talk with a drill sergeant. Ask them about recruits getting off the bus on day 1 of Boot Camp. Do you think they achieve becoming...one of the few...one of the proud...flying by the seat of their pants? Are you ready to begin your training? Will you inspire the people who must do business with you...your employees, your vendors, your lenders, your customers?
Shallie Bey
Smarter Small Business Blog
Where Are You on the Entrepreneurial Ladder
A series from the Norman Transcript.
This is a series of stories on the entrepreneurial ladder. It will help you assess where you are and where you want to be.
- The Norman Transcript - Where are you on the entrepreneur ladder compared to where you want to be? Part 1
- This is the first of a series that explains the "Entrepreneurial Ladder" and what it takes to climb the ladder.
- The Norman Transcript - Where are you on the Entrepreneur Ladder? Part 2
- Part 2 of the series, Where are you on the Entrepreneurial Ladder?
- Where are you on the entrepreneurial ladder? Part 3
- Rob Garibay continues his look at the levels on the entrepreneurial ladder.
- The Norman Transcript - Where are you on the Entrepreneur Ladder? Part 4
- Part 4 of Rob Garibay's series, Where are you on the entrepreneurial ladder?
- The Norman Transcript - Where are you on the Entrepreneur Ladder? Part 5
- Business Coach Rob Garibay presents part 5 of the series, Where are you on the entrepreneurial ladder?
An Example of Discipline - The U S Marine Silent Drill Platoon
Michael Gerber says, "Entrepreneurship...it comes from your imagination".
Want to be an entrepreneur? Take action...Allow no excuses...
Great Blogs Posts on Entrepreneurship for New Entrepreneurs
This is a list of great blog posts on Entrepreneurship.
- 15 Entrepreneur Blogs Worth Reading | 4 entrepreneur
- According to Wall Street Journal, here is a list of 15 entrepreneur blogs worth reading. Posted by Wendy Bounds The best entrepreneur blogs...
- 11 Principles of Entrepreneurial Leadership | 4 entrepreneur
- Entrepreneurs must have the leadership skills to direct their people. Their people have the responsibility of delivering the entrepreneur's message and product to the ultimate customer. This post shares 11 principles to consider about how to be a good leader to your people.
Articles and other resources on entrepreneurship for new entrepreneurs
- Entrepreneurship
- Resources on entrepreneurship from ZeroMillion.com
- Advice For New Entrepreneurs
- entrepreneur, obstacles, business plan, marketing, strategy, advice, Entrepreneurship , Advice For New Entrepreneurs
- Internet Public Library: Entrepreneurship
- The Internet Public Library (IPL) features a searchable, subject-categorized directory of authoritative websites; links to online texts, newspapers, and magazines; and the Ask A Question online reference service.
- The Entrepreneurship Myth
- Author Scott Shane seeks to dispel popular illusions about startups; starting with the myth that founders earn more than they would as employees.
The Entrepreneurship Option - A Great Slide Show
Ideas on Entrepreneurship from Famous Entrepreneurs
The Entrepreneurial OptionView SlideShare presentation or Upload your own. (tags: motivating inspirational)
Entrepreneurship On Amazon
The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It
Amazon Price: $12.91 (as of 12/11/2009) 
E-Myth Mastery: The Seven Essential Disciplines for Building a World Class Company
Amazon Price: $11.53 (as of 12/11/2009)
Millionaire Upgrade: Lessons in Success From Those Who Travel at the Sharp End of the Plane
Amazon Price: $19.95 (as of 12/11/2009)
Smarter Small Business Blog
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Shallie Bey is the name. Some refer to me as "The Business Dream Weaver". I live in Arlington, Texas. I am a business coach who specializes in working... (more)
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