
An entrepenuer is a problem solver. You don't look at what business to start, you look at what problems you can solve. Every item in our house that we've purchased was bought because it solved a problem.
It doesn't matter your age anymore. The only thing that matters is your idea and willingness to take action.
Many people start but give up before they get that breakthrough. They step out of line before there name is called.
When financial pressure hits, things fall apart. Do you retreat or do you stand your ground. Do you keep your word or do you forfeit your reputation. My here Peter Daniels said even if he went broke today he'd be in business tomorrow because of the contacts and he still had his reputation so people would still want to do business with people.
a man without a goal is like a ship without a rudder
3 Reasons why Entrepreneurs fail
1) Quit to early - Step out of line right before there name is called.
2) Burn Out - don't delegate
3) Cashflow - Don't watch the books enough and manage the money reserves
Sees what other people can't and never lets a crisis go to waste. The word crisis in chineese has double meaning of danger and opportunity.
Peter Daniels: a dream or goal that is bigger then you are. Having a cause to fight for. More then just money. Family helping people. Giving back and seeing lives impacted.
a double minded man is unstable in all his ways. A single minded man is stable in all his ways. This will solve the problem of why you have projects there are 80%, 50% & 20% finished. Example: I have a list of goals that I want to get done this year: An Album, book & courses written. I put all my thrust and effort into one at a time until its done. If I try to juggle all those at once I find I get know where. So I have blocked time in my year for each goal. That way while I'm working on one task I'm not distracted by the other. There will always be shiny objects that come up trying to get your attention. Learn to ignore them.
12-24-36 month calendar -
Entrepreneurs solve problems. The famous Zig Ziglar quote. If you can just help enough people get what they want you can get what you want. This comes down to helping people solve there problems. Example: Need there furniture moved, design for a website, marketing plan, entertainment. The bigger the problem you solve and more value you bring to the market. The higher your pay.
The Successful Entrepreneur doesn't trade his time for dollars but rather invests the time once and continues to get paid over and over again.
The more you insulate yourself from risk the more you insulate yourself from success. Quitting my job was scary. Starting a new venture seemed risky. Buying a home and renting it out to tenants might not work out. Most things we worry about never come to pass.
The successful entrepreneur knows how to handle pain and the pressure of success and failure. Sleeping at the side of the road. Couldn't afford hotel. Rejection. People not purchasing or not even responding. or the worst Silence. You have to be willing to go through the pain arena and become a fighter. "a Fighter isn't someone who never fails, a fighter is someone who never quits."
Everyone loves to follow an enthusiastic leader. It's contagious and if your not excited about your entrepreneurial endeavor or business how can you expect other people to be either. I have a friend who runs a massive non-profit out of California and every time I'm around him he's sharing the vision of what there doing. I get so stirred up around him I can feel my heart beating.
The difference between the rich & the poor are the rich invest what they make first and spend what's left over. The poor spend what they make first and invest what's left over. Same thing with the Entrepreneur. He or she invests his money first in the venture, business or education developing skills and talents.
There's a book by Seth Godin called the Dip. Knowing when to quit and knowing when to stick. But sometimes as entrepreneurs we just need to pivot. Change course a little bit, adjust to the constant changing circumstances. Losing a team member, changing suppliers, event being cancelled, everything falling apart. Are you able to think on your toes and switch things up. King Solomon - Even though a righteous man falls down 7 times he gets up and goes again.
Crowdfunding is a great way to raise funds and get paid for a product before it's even released.
Banks will negotiate. When borrowing always ask for more then you need. Build relationships. Mortgage broker
Digital Products - Ebooks, Audio Books, Online Courses, Podcast, Art, Music
Product Based Business- STRGHT example with Strght, Melanie with Vision City. I sell T-shrits, hats,
Selling on commission will transform your brain to start thinking differently. It will challenge you and it will help you to rise above mediocrity.
Sales Stories: Les Brown - door to door sales - would you like to buy a no money down color television?
Sending out emails & following up with cold calls.
http://www.smartmusicbusiness.com/resources
You meet the same people on the way up you do on the way down. You never know when you might need someone's help in the future. Don't be a jerk, instead be compassionate.
Last Updated: February 4th 2016
I've been a full time entrepreneur since the age of 24 when I quit my IT engineering job making over $70,000 a year to pursue a music career.
I sold hundreds of thousands of albums in the music industry starting my own record label and decided to invest in real estate after reading the book Rich Dad Poor Dad.
I continued to have success becoming debt free in 2015 with no loans, mortgages or lines of credit anywhere in the world.
I have now built a successful online business generating thousands of dollars every month including my other businesses that are running without me.
The biggest obstacle I had to face was fear and overcoming the doubt in my mind that said "I couldn't do it".
There has never been a better time for us as entrepreneurs to start a business solving peoples problems and turning a profit.
The key is you just have to start!
This course takes you step by step what it takes to become a successful entrepreneur teaching you the new rules of entrepreneurship.
You will be motivated, challenged and encourage to take action in this course.
There is no sugar coating it or magic pill that is going to make you rich over night.
You have to put in the time and work to make your dreams a reality.
This course will help get you there but it is YOU that is going to make the difference.
Never give up!
Chris