Showing posts with label Entrepreneurial Success. Show all posts
Showing posts with label Entrepreneurial Success. Show all posts

Wednesday, May 5, 2021

Success Loves Speed

 

Success Loves Speed

 


Have you heard of the phrases "money loves speed" or "success loves speed"?

It's something I've read a lot.

Marketers use it as a sales pitch to persuade prospects to act right away.

Some people use it as a source of encouragement to keep them from procrastinating.

But, success loves pace,' in my opinion, is not a sales pitch or a motivational quote.

My understanding is that when an idea hits, we must move quickly before the next door closes behind us.

The law of attraction will begin to function when we have a specific target in mind. 

We might get an idea to do something out of nowhere. 

When this happens, we must act quickly for two reasons.

1) The concept is a goal that you must achieve. The quicker you finish it, the sooner you'll be able to see the next goal.

You must not only complete it quickly, but you must also give it your all; otherwise, the next idea will not come.

Life is like a game, which is fascinating. You can't step on to the next stage until the current one is over.

Many people are trapped in life because they didn't give it their all or because they procrastinate to an unhealthy degree.

2) If you do not act quickly, the window of opportunity will close.

My mother was really concerned when I was in my early twenties and had been jobless for more than a year (I left after reading Think And Grow Rich, LOL). She knew I wouldn't listen to her, so she suggested I speak with a wealthy businessman who was a friend of my father's.

I did it because I had a business idea that needed to be funded!

My father's friend later became a business associate in my first venture.

Why did he want to team up with a complete noob like me?

He, too, had a reason.

He had a son who was roughly my age. He wasn't inspired to work because he was born with a silver spoon. My father's friend was looking for someone to work with his son and inspire him, and that's when I stepped in.

This chance may have been lost if I had waited.

Despite the fact that this opportunity cost us $50,000 in our first business venture, it taught me a valuable lesson.

In addition, that classmate of my father's became a close friend and mentor to me. He'd taught me a lot about business and investing from him.

Returning to today's subject, success adores pace.

If you have a specific target in mind, you can act quickly on any new ideas that come to mind.

The next idea will come when you finish one and learn the lesson.

You simply keep working on the next concept and studying the lessons before you reach your target.

 

#succeswithdrjerrythefirst


Thursday, March 21, 2019

Top 10 Tips For Entrepreneurial Success by Richard Branson







Richard Branson left school at the age of 16 and set up Student Magazine with one of his friends.

He went on to start Virgin Records in the 1970s and is the founder of the Virgin Group.

In the 1980s he formed Virgin Atlantic airline and the 1990s saw the arrival of Virgin Mobile and Virgin Trains.

He is one of the most successful businessmen in the UK and an icon of entrepreneurship for which he was Knighted by the Queen of England - Queen Elizabeth the 2nd

His latest project is Virgin Galactic, which he hopes will one day become a space tourism company.

Here are his Top Ten Tips for entrepreneurial success:

1.     Follow Your Dream And Just Do It

Follow your dreams, get involved in life, in the things that interest you. If you are going to create a business, make sure it is your hobby, your passion or something that you really enjoy.
You will live a much better life that way. Don't just set out to do something for the sake of making money.

I think lots of people have lots of great ideas, but very few people actually go out and try to put them into practice.

There are lots of people who think that somebody must have done that before, or you'll never raise the money or you shouldn't take a risk in life.

It's the people who say I'm just going to do it, that end up having a chance of having a much more exciting and rewarding life.

2.     Believe In Your Ideas And Be The Best

You definitely need to believe in your idea. There's really no point in doing something in life unless people feel really good about it and proud about it.

You've got to have the passion for it and you've got to be able to inspire other people to have a passion for it too.

If an idea is a good idea you should be able to pitch it in two or three sentences and two or three sentences fit very neatly on the back of an envelope.

There was no point creating a new airline unless it was going to be palpably better than every other airline in the world, you've got to make sure that every aspect of what you do is better than the competition.

3.     Don't Give Up

It's extremely important not to give up. There have been situations in my adventures, like crossing the Pacific in a balloon, where the odds were stacked very heavily against us surviving.

Being an entrepreneur is not that dissimilar to being an adventurer.

You have plenty of situations where your back is right up against a wall and you've just got to work day and night to make sure you overcome the difficulties a particular company finds itself in.

Brush yourself down the next day and move on into something else.

I think I'm reasonably good at dealing with failure and not letting it get me down for more than an hour or two as long as I put everything I can into avoiding it.

4.     Make A Positive Difference And Do Some Good

The first thing to do if you want to become an entrepreneur is basically to have an idea that is going to make a positive difference to other people's lives.

A business is simply that.

If you're running a business you are in a position where you can make a hell of a difference in this world.

I also think it's great for the staff of a company that they can feel good about a company that is actually getting out there and doing good.

5.     Have Fun and Look After Your Team

I 100% believe that it's important to have fun and if you're not having fun anymore, it might be time to move on.

You should have fun from the top down and create the kind of environment that's pleasant to work in.

Make sure that you've got the kinds of people running your companies who genuinely care about people, who look for the best in people and who praise and don't destructively criticize.

People are not that, unlike flowers. If a flower is watered it flourishes and if a flower is not watered it dries up and dies and I think the same applies to people.