Friday, June 24, 2011

Are you ready to be an Entrepreneur?

Yesterday Utah’s top entrepreneurs were honored in an event at the Salt Palace in Salt Lake City and were give awards by Ernst & Young for the year 2011. I know from personal experience they have been honoring entrepreneurs for over 20 years. KSL News anchor, Bruce Lindsay spoke and said about those award winners, “Entrepreneurs are visionary, they are generous and they are inspired.”

I agree with Mr. Lindsay on all accounts. The Bible states, “Without vision, the people perish.” Where would the world be today if people had no vision? Cooked food would not have happened. The first wheel would not have been invented. Electricity, TV, the phone, the airplane, cars nor computers would have been invented. The list is endless.

You and I do not have to invent the next BIG thing, but if you or I want to become an entrepreneur we must have some vision on how to improve a widget, make life easier or provide a solution for a demand that is not being met.

If you feel you have the vision to become one, a few other important personal characters you must have are passion to become a business owner, a relentless drive to succeed and a willingness to work hard. Then the hardest part seems to be, going out and trying, and then trying again!

If you feel you have the above character traits, there is one other VERY important item a person MUST have before becoming an entrepreneur. It is something you have very little control over, but is essential and it is NOT money.

If you really want to be an owner of your own business, watch for next week’s blog.

Wednesday, June 15, 2011

Message from Bill Gates

The following story about Bill Gates came out a few years ago. It might or might not be true and does not matter, but it is worth repeating since I believe in its message. Its message is really for all of us and especially for those that feel entitled to other people’s success, time or money.

Bill Gates' Message on Life:

For recent high school and college graduates, here is a list of 11 things
they did not learn in school. In his book, Bill Gates talks about how
feel-good, politically correct teachings created a full generation of
kids with no concept of reality and how this concept set them up for failure in
the real world.

RULE 1......Life is not fair; get used to it.

RULE 2......The world won't care about your self-esteem. The world will expect
you to accomplish something BEFORE you feel good about yourself.

RULE 3......You will NOT make 40 thousand dollars a year right out of
high school. You won't be a vice president with a car phone until you
earn both.

RULE 4......If you think your teacher is tough, wait till you get a boss.
He doesn't have tenure.

RULE 5......Flipping burgers is not beneath your dignity. Your
grandparents had a different word for burger flipping; they called it

RULE 6......If you mess up, it's not your parents' fault, so don't whine
about your mistakes, learn from them.

RULE 7......Before you were born, your parents weren't as boring as they are
now. They got that way from paying your bills, cleaning your clothes and
listening to you talk about how cool you are. So before you save the rain
forest from the parasites of your parents' generation, try delousing"
the closet in your own room.

RULE 8......Your school may have done away with winners and losers, but life
has not. In some schools they have abolished failing grades; they'll give
you as many times as you want to get the right answer. This doesn't bear the
slightest resemblance to ANYTHING in real life.

RULE 9......Life is not divided into semesters. You don't get summers
off, and very few employers are interested in helping you find
yourself. Do that on your own time.

RULE 10.....Television is NOT real life. In real life people actually
have to leave the coffee shop and go to jobs.

RULE 11.....Be nice to nerds. Chances are you'll end up working for one.

Monday, June 6, 2011

Get out of your Box!

Too many times we sell ourselves short when it comes to breaking away from the job which holds us hostage. We stay when we should leave…..generally because of pressures from those that have never ventured outside their little box. Most of us have a parent, brother, friend, work associate or banker which tells you that you are making a mistake if you leave the security of your full time job. For their whole life they have worked in their little box, they do not want you to leave for fear you will make them look foolish. Every time you come up with an idea for a business or try to venture out, you hit the same resistance and most people back away to never do anything.

When I started my first franchise business, most of my family thought I was crazy, my coworkers laughed at me when I asked them to become partners with me. When I told my friends I had this idea and asked if they want to be a part of it, they said, “No thanks.” The banker who was helping me with my SBA loan, said he did not think I could pay back the loan and expected to take my home when he foreclosed on me in a year or two.

Thank goodness my wife believed in me. She was the only one to fully support me and my idea. A few years later not only did I pay off the bank loan, I paid off my house.

The resistance we hit every time we try to get out of the box can hold us back from doing great things in life. Pretty soon we quit trying to fly away and when we should explore what the world has there for us. If we keep banging our heads against the discouragement around us, we quit. We give up!

Watch this short video on how to train a flea. There is great meaning with it.

Don’t let others keep you penned in when freedom is so close. So what if you bang your head a few times. If you DON’T listen to those “who have never done it” you will be able to have a better chance of finding success in almost everything you do in life. If you want to be the best dancer in the world, singer, athlete or even entrepreneur, train with those who are successful, not with those who have failed.