Archive for the ‘Entrepreneurship’ Category

“At its heart, business is not about formality, or winning, or ‘the bottom line,’  or profit, or trade, or commerce, or any of the things the business books tell you it’s about. Business is what concerns us. If you care about something enough to do something  about it, you’re in business…”

Richard Branson, Business Stripped Bare

Does the idea of spending your time each day doing something about the concerns you have seem almost like a dream world? I often wonder if people don’t give themselves permission to live their life doing something they care about. I wonder what holds them back from pursuing those things and being rewarded financially for making the world a better place.

At this point in my life, I have been on a journey to LIVE each day pursuing my dreams. This process has challenged me to uncover what matters the most to me, what impact do I want to have in this world, and what is holding me back. The revelations of my search have uncovered a very significant issue that I needed to be address.

The big issue I uncovered came after reading T. Harv Eker’s book, Secrets of the Millionaire Mind.  One of the steps in the process of having a millionaire mindset is to uncover what you have learned from your family and your environment growing up about money. Many times, what you learn growing up or from your environment is what is limiting you from acquiring wealth. While I know the influence my family had on me is a primary source, the more significant influence came from my time spent in ministry.

The following verses have probably had the most impact on shaping my mindset regarding wealth. Mind you, these verses I memorized and became a part of me very early on in my college years.

But godliness with contentment is great gain. For we brought nothing into this world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

“But you, man of God, flee from all of this, and pursue righteousness, godliness, faith, love, endurance, and gentleness.”

I Timothy 6:6-11, TNIV

Those words are hard to erase from the etchings they made on my soul and mind. Those words have shaped my views on money and influence me on a subconscious level.

I accepted a poverty mindset of being content with just food and clothing. It has imposed upon me to look negatively at riches because look at all the evil just waiting to cause harm and destruction upon my life if I desire to have wealth. So in my time spent in ministry, I never asked for more even when I only had $20 a week for groceries, no money to pay for visits to the doctor, dentist, and optometrist, because a “godly man” was content with poverty.

As I live out my dream to inspire one million people to dream BIG and LIVE their dream, I need to overcome this barrier. I need to recognize that it is okay to earn my living that goes beyond food and clothing while helping others achieve their dreams. I need to internalize this passion within me as an honorable goal and to use my wealth to further my passion.

So I ask you, what is holding you back? What is keeping you from doing what you want to do? All I want to do is make a positive difference in the world. When that is all you want to do, its business.

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For whatever reason, “The E-Myth Revisited” was always on the list of books I would like to read one day. Then I heard Michael Gerber do a keynote for a friend, Susan Baroncini-Moe, for her record-breaking webcast in June and I felt like Michael and I were of kindred spirits. Needless to say, I bought the book.

I love how Michael describes the three types of personalities found in every business person right from the start. Each person may have varying degrees of each personality with one in particular standing out. By identifying which one you embody the most, you will know where you need to put in more effort or add appropriate team members.

Here are the three personalities he identifies:

  • The Entrepreneur
    • the dreamer
    • the visionary within us
    • the part of us that desires change
    • looks to the future
    • the creative side
  • The Manager
    • the pragmatic within us
    • the planner
    • the organizer
    • lives in the past
    • maintains the status quo
  • The Technician
    • the doer
    • lives in the present
    • loves to keep a steady flow of work
    • wants to know “how to do it”
    • work is what a person does

The above summary is skimming the surface as Michael brilliantly shows how the three interact with each other and how each sees the other. The important thing he points out is a successful business needs all three personalities to succeed.

Which one of the three characterizes you the most? Before you start down the path of owning your own business, you need to identify your primary personality. The majority of people who want to break free from the “boss” are technicians who love doing what they do but the system seems to limit them or doesn’t recognize their efforts. So they venture out to start a business. And after a while, begin to wonder why they are burnt out and are not successful. Each of the three need to be present to bring balance.

If you haven’t read “The E-Myth Revisited,” I would highly recommend you put it on  your read next list.