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Take Action With Implementation

Implementing your plans may appear to be the most difficult, but it is actually the easiest part of achieving the rewards of entrepreneurial success. Discovering the journey you are on does not lead to where you have decided to go and may initiate dramatic changes in your life. Don’t let fear stop you. Action is the key to making this third step work for you. Discover what is truly important to your personal and professional success. Focus on what to do and how to do it to make your goals a reality. Then take action and implement your plan. These three simple steps will result in realizing your worthwhile dreams and goals. They will provide the feelings of joy and →

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5 Defining Stages of Business

Many companies start out as a simple idea. If they do reach their full potential, they will have passed through five very distinct business stages. These five stages are based upon critical points, which an entrepreneur must successfully handle to remain on a growth path – or face a decline in profits. As an unwritten rule, if a business is growing according to plan, each of these stages are about three years in duration. Generally, the more forward planning or strategic thinking you do, the less time it will take to travel through each phase. An exception is the start-up or ideas stage that is usually around the six- to nine-month mark. It is not difficult to tell which stage →

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Self-discovery for Business

You cannot fully be of service to other people until you are of service to yourself, and the only way to be of service to yourself is to be true to yourself and never settle for less than you deserve. Never stop learning and expanding personally. Invest time in learning more about your business and more about YOU. When you work on yourself inwardly, emotionally and psychologically, along with continually learning new business skills, that’s when you really become a true master. That’s when you become the best that you can be. Be thankful for the gifts and talents you possess. Reflect and refocus your energies to make a difference. I discovered that I am a leader and an inspirational →

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Build a Mental Picture With the Power of Focus

In order to progressively continue on your journey, you must have clearly defined objectives with measurable steps toward your goals. How many steps and how much time it will take is of little consequence. The key to experiencing satisfaction is to maintain focus and constant enthusiasm during your journey. Keep your dreams and goals firmly planted in your mind, know where you are going and make progress in that direction each day. Deciding on incremental steps necessary to achieve your goals will provide you with structure to keep you pointed in the right direction, and will supply you with the map to chart your progress. Like a well-planned road trip, you will always see where you are relative to where →

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Create Your Personal Mission Statement

Personal development is the single most important thing you can do to improve your business. A personal mission statement also is extremely helpful in establishing and maintaining this focus in your personal life. Many entrepreneurs have taken the time to create organizational mission statements. But few have gone through this process on a personal level. If you have not created a personal mission statement, now is the time to do so. Set aside some undisturbed time to think through and write your statement. Take some extended time away from the distractions of home and office to reflect on where you are and how you desire to invest your life in the context of work, family, friends and your community. It →

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Five Ways to Continue Your Personal Development

Listen to motivational programs. Turn your commute time into life-long learning time. This is an incredible opportunity to help you stay focused, motivated and advance your growth. Attend seminars often. Attendance at educational seminars focused toward your goals virtually guarantees your personal and professional development. Experts in your field will help you to stay on track, keep you inspired and offer you new insights, strategies and ideas. Stay after the event to meet the speakers in person and ask questions that can help move you toward your goals. Network like crazy. Meet people everywhere you go and try to introduce yourself to at least three new people at every function you attend. Think of ways you can joint venture with →

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Entrepreneurial Mindset Takes on Many Forms

The Disciplined Mind: Mental discipline is the ability to keep your thoughts focused on goal-directed activity to the exclusion of all else. With high levels of mental discipline you reach your goals faster. The Systemized Mind: A systemized mind looks at procedures and discovers what needs to be done to make the business work more effectively. With systems in place you have the ability to see the big picture. The Creative Mind: The creative mind thinks out-of-the-box. With creativity you can discover many unique ways to stand out from the crowd. The Resilient Mind: A resilient mind is open and flexible. With an open mind you let go of uncertainties and become open to innovative ideas. The Ethical Mind: An →

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The Empowered Entrepreneur

An entrepreneur is someone who makes any attempt at a new business venture. Entrepreneurship is a major contributing factor to the economic well-being of a country both in terms of economic growth and job creation. According to Global Entrepreneurship Monitor, one in 10 adults in the United States today is an entrepreneur. This massive growth is by no means restricted to North America. The leading country for entrepreneurship is Brazil with one in eight adults an entrepreneur. Australia is not far behind the U.S. with one in 12. Many other countries are rapidly gaining ground. Wanting to be an entrepreneur is one thing, being one is quite another. Entrepreneurs take on responsibilities and commitments much differently than those of an →

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Successful Entrepreneurs Focus on These 4 Attributes

Innovation: An entrepreneur is an innovator. They take the initiative to bring together new products, services and resources with the plans for developing a new way of doing things. Decision Making: An entrepreneur makes the basic decisions for the business and sets the course of the enterprise. Risk Taking: An entrepreneur takes risks with his or her time, effort, business reputation. They invest in opportunities that often are unknown or uncertain. Implementation: An entrepreneur understands that implementing their business plan is extremely important to succeed. Implementation requires a broad range of skills including management, marketing, promotion, sales, communication, finance, accounting and the Internet.

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Why Don’t They Teach Failure in School?

Why do failures tend to disappear from business education curriculum? Information about business failures is often scarce or ignored completely, yet it is inevitable. On the other hand, information on successful companies and their success strategies is in generous supply. Companies that pursue unsuccessful strategies either learn to change their business strategies or they go out of business. A successful company is described as having used visionary management and innovative marketing strategies while a failing business is accused of poor business management and overall bad business skills. So why don’t we teach future entrepreneurs more about failure? Wouldn’t that save you a ton of money learning from mistakes that could have been avoided in the first place? Can you imagine →

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