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Entrepreneurs

ARE YOU READY TO RISK, FOCUS, AND WORK FOR YOUR DREAMS?

ENTREPRENEURIAL CHALLENGES SPECIFIC TO HIGH ACHIEVERS

1. High achievers tend to dislike failure, and the path toward entrepreneurial success demands it.

2.  High achievers who have done well academically by following others’ rules may struggle to trust their own instincts.  

3. High achievers who have “big picture” thinking may struggle with managing the tedious details of business.

SUCCESS STEALERS

These are the people in your circle who find the negative aspects of all new ideas. They give unsubstantiated, negative opinions that cause fear and anxiety. People who see problems in your business plan but are not dream killers, will help you brainstorm solutions. Dreamkillers just assume it won't work. Dreamkillers are toxic for high achieving entrepreneurs because they add to the performance pressure and drain the mental energy that is necessary for the challenge ahead. DO NOT engage in conversations about your business with dreamkillers. There are dream supporters who will give you balanced feedback that will leave you feeling challenged rather than defeated.
A friend from South Korea told me that her friends used to tell her that she had "big ears." My friend listened to the ideas of others without screening it for accuracy. This tendency made it more difficult for her to find and define her own path. The entrepreneur will hear many opinions. There is no shortage of people or books waiting to convince you of the best way to do things. Collect the information and hold it, but let it sit for awhile and sift through it until you know which pieces are the most relevant to you and your goals.
In contrast to the "Big Ear' phenomenon, the "I already know it" view of information closes off learning. One can be confident in a viewpoint while staying open to new information. Even in times when you know 98% of the information presented, that last 2% may drive you forward. Equally necessary is the ability to lay down your own ego and hear the feedback of people whom you may not like or respect. Even if your ultimate learning is "that's horrible advice, I will never do business that way," listening to other perspectives allows you to hone in more clearly on who you are and where you want to go.
Successful entrepreneurs try things. They do things before they are perfect. They take advantage of opportunities without knowing precisely how each opportunity will play out. This mindset is often a difficult shift for high achievers. It is necessary because too much time ensuring perfection equals a loss in traction and eventual profit. Even worse, is the plummeting morale of the entrepreneur who spends years coming up with the perfect plan, only to watch it fail. An ongoing challenge for entrepreneurs is figuring out which facets of business development necessitate the extra analysis and which variables should be acted on as soon as they meet the Mendoza line.
"I've already put so much money, time and effort into this." It's the same rationale you've seen people use for staying in really bad relationships. It's the same rationale people use when they are hesitant to fire clients. It's the same rationale entrepreneurs may use to keep from letting go of a business model, a website, or a partnership that's not working. Things that don't work...don't work. Sticking with them longer will not make them work. Learning to cut your losses as soon as possible allows you to pivot and move on to a more successful strategy. When can you tell that it's time to do that? If you are banking on hope and hard work without specific information to support an upswing, it's time to let go.
The amount of items to pay attention to in a start-up necessitates a sequence of specific actions. If you chase after all of the tasks as you see them, you will try to do many things at once and feel that you are making progress on none. It is also easy to focus on the items that are in your comfort zone, but these are not always the tasks with the highest return on investment. Create a flowchart of tasks and dedicate time accordingly so that you stay motivated and on-track.

FOR THE HIGH ACHIEVING ENTREPRENEUR….

♦ You have the opportunity to make a difference in the world.

♦ You have the opportunity to design your life and live it on your own terms.

♦ You have the opportunity to build, create, re-invent, and discover solutions.

♦ You have the opportunity to give hope, healing, and empowerment to people.

♦ You have the opportunity to play hard and to live without regrets.

FAILURE OF AN IDEA IS NOT THE SAME AS FAILURE OF A PERSON.

–Dr. Tricia

FEATURED ARTICLE

RECOMMENDED READING

q-11

Start

by Jon Acuff

This is a great book for everyone who wants to start or has already begun a new entrepreneurial venture. It incorporates great practical strategies and also addresses a lot of the psychological concerns that arise when we dare to start something new. It’s never too late to start.

 

q-12

The E Myth Enterprise

by Michael Gerber

No, it’s not about the internet. The E Myth addresses the myth that most entrepreneurs are wildly innovative and natural risk-takers. In reality, many people become entrepreneurs when they are tired of their work environment and decide to try working for themselves. Mr. Gerber clearly explains what is necessary to give a business a solid foundation and to help it thrive.

 

q-13The Dream Giver

by Bruce Wilkinson

If I had to choose only one book to recommend, it would be this one. For anyone who has ever had a dream, had people disparage your dream, been terrified of dreaming, or struggled to feel that your presence in life matters…buy this. It will encourage you to keep moving forward.

 

Reading another book on how to do something is not the same as doing it. The only action that really counts is the kind that makes your gut clench a little and takes you one step closer to your dream.

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