I’ve worked with dozens of potential entrepreneurs over the last 10 years and it’s always the same old song and dance. They continuously think about an idea and research it to death! Now, I am no stranger to this myself. I have been a victim of such fear. When I started my online sports store I spent a year and a half researching it and making sure I knew all that I could know.
Well, guess what? It was one of my biggest mistakes. I should have just jumped right in and got at it. As a result of my inaction I wasted a lot of time because the majority (90%) of the research I did was never used. It meant absolutely NOTHING. Experience is the best learning tool you could ever have. That is why I constantly tell entrepreneurs to dive in head first and learn to swim.
Failure
People get immobilized when they think about failing. Some people cannot face failure head on, but successful entrepreneur’s can! Failing is a part of life. It’s a huge part of finding out what works and what does not work. That is why I tell entrepreneurs to fail as fast as possible so they can find out what is working. The more times you fail the faster you find out what works!
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I know this may be hard to think about at the moment, but for some of you it will be easy. Can you remember when you were asked, as a child, about what you wanted to be when you grow up? I think the most common answers were something like: policeman, fireman, astronaut, etc. Those were many of the role models for children as they were growing up. At least until they got older and started exploring things for themselves. The idea of a child’s ideal career evolves and changes over time.
Now, some people would also say something like this: I want to be a fireman, be successful and have lot’s of money. Note the “successful and have lot’s of money”. Inherently, even as children our subconscious separated the difference between money and success. I think it is pretty well understood that monetary wealth is not correlated with success.
For example, think of a lottery winner. It’s great that they won the money and now they are some of the richest people in the world! Well, does this now make them successful? How many times have you seen on the news, stories about lottery winners that are now filing for bankruptcy? All the time! Success is a lot more than having money.
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Well 2010 is now here and 2009 went by extremely fast. At the beginning of every year I like to establish some personal goals for myself. Most of the time my personal goals include; how many books I will read this year, how many new people I want to meet, how many new sites I will launch, etc. I refer to these as personal goals.
I also like to establish business goals for each one of my business property’s. These are a little, albeit, a lot different than my personal goals. It’s important to set goals periodically so that you can go back at the end of the goal period and find out if you have accomplished the goal you set out to accomplish. This is why it’s really important to write down your goals and keep track of them. Putting all of your goals in a 3 ring binder is a very easy way to keep track of everything.
We will focus on setting business, professional, or career goals but this same process and information can be used to set your personal goals as well.
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