The Daily Grind
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Entrepreneurs wear multiple hats and often do the impossible in order to keep their companies moving forward. But what do you do when you find yourself with more projects to complete then you have hands or hours in the day? An increasing number of small business owners are choosing to rely on the help of trusted freelancers to stay ahead of the game.  Here is a tip to hopefully help you get more done as a small business owner. (1) Honestly assess all of the work that needs to get. (2) Determine what of that work is a core competency that only you can take care of. (3) Find out how much of that work can be handed off to someone else in terms of another employee or freelancer.

Irving 'Magic' Johnson went from running the point and winning five NBA rings to running Corporate America. Magic Johnson Development Corp. has been involved with everything from apparrel licensing, a Pepsi distributorship, has been a theater partner, helped develop Starbucks and T.G.I. Friday locations and is now part owner of the LA Dodgers among other ventures. Magic Johnson has definitely established himself as a legitimate entrepreneur and offers some tips on small business success.

  • “Business is business-you have to understand that and have that attitude.  If it were about charity, the business side wouldn’t last long.” 
  • “You have to be persistent in business, especially for me because, like I said, doors didn’t just open right away. I almost had to kick them down.”
  • “If you’re a competitive person, that stays with you.  You don’t stop.”
  • “Research your ideas. See if there’s a demand. A lot of people have great ideas, but they don’t know if there’s a need for it. You have to research your competition.
  • “But that is what the balance is. I understand when to give my time just to family, and when to give my time to business.”

“Unless the man who works in an office is able to sell himself and his ideas, unless he has the power to convince others of the soundness of his convictions, he can never achieve his goal.  He may have the best ideas in the world, he may have plans which would revolutionize entire industries. But unless he can persuade others that his ideas are good, he will never get the chance to put them into effect.  Stripped of non-essentials, all business activity is a sales battle.  And everyone in business must be a salesman.”                 -Robert E.M. Cowie

I have heard it said that every failure brings you one step closer to success.  Take look at this ‘Portrait of an Underachiever’.

  • Failed in business

  • Bankrupt (1832)

  • Defeated for the legislature (1832)

  • Fiancé dies (1835)

  • Suffers a nervous breakdown (1836)

  • Defeated for the U.S. Congress (1843)

  • Defeated again for Congress (1846)

  • Defeated for U.S. Senate (1855)

  • Defeated for U.S. Vice President (1856)

  • Defeated again for U.S. Senate (1858)

  • Abraham Lincoln Elected President of the United States of America (1860)

Never stop trying, never stop believing because you only fail if you quit!

 

 

Thursday, 29 October 2009 15:52

Wallstreet Journal

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In pursuit of the new lifestyle of entrepreneurship, one centered on achieving More Money, More Time, More Control and More Happiness? Find out how other entrepreneurs are achieving the American Dream on their terms.  Peggy Mackinnon Inc. has two separate offices in two states but one employee and one boss-both of whom are Peggy Mackinnon. Mackinnon, a veteran public relations consultant, represents up to two dozen clients from her primary home in Denver and from her vacation home in Souther California . . . http://www.inc.com/magazine/20010615/22788.html