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| | Post New Topic | | What YOU said!!!/Eighty Three Powerful Lessons Learned as an Entrepreneur from ALL of you!!! | Views: 1696 | | Oct 19, 2009 2:12 pm | | What YOU said!!!/Eighty Three Powerful Lessons Learned as an Entrepreneur from ALL of you!!! | # | 
Paul Finkelstein | | Dear Most Distinguished Entrepreneurs!
So far we have just 83 lessons!
That IS pretty powerful!
83 followed the format and replied with what they LEARNED
about being an entrepreneur.
Just click the following link and add yours:
http://www.ryze.com/posttopic.php?topicid=1685&confid=94
Just FOLLOW the format in the TOP post in the above link and you'll do fine!
:)
kindest regards,
Paul
Co-Moderator
Put your best FACE forward!
Look at the ALL the lessons for review, the first time, or again!!! :) This is awesome!!!
"It's NOT what happens, it's HOW U handle it!" $25 off Head shots til 10/31/09
My Treat-Trick or Treat!!* "Put Your BEST FACE, Smile & HEART Forward! HUGE!"
*http://paulstevenphotography.com Only mobile photo studio globally of its kind
*http://todaysjoke-network.ryze.com/ A very very funny way to business network
Private Reply to Paul Finkelstein | | Oct 19, 2009 4:44 pm | | Cheat cheat/Eighty Three Powerful Lessons Learned as an Entrepreneur from ALL of you!!! | # |
Paul Finkelstein | |
Here's a list of ALL the lessons learned from ALL 80+ Entrepreneur members:
The most important lesson I was always taught in business and in life was to treat people how you would expect to be treated.
Seriously worked hard at being an entrepreneur for 1 entire year so far and I learned to keep a daily to do list each day so I can make progress daily and move the business and personal goals along, AND marketing is important, having a game plan is important, and more.
One lesson I've learnt from being an entrepreneur is to aim BIG. When you think about achieving something really really Big that you know you cannot achieve but still think and try to achieve it. Even if you do not achieve it 100%, making 80% to 90% of it will help you feel better, infact GREAT. And the next time, you try to do something even BIGGER than the previous one which will make you go higher and higher than before.
It's the #1 reason business shut down. It's the #1 reason entrepreneurs give up on their dreams and go back to a traditional job. I've seen divorces because of it. I've seen attempted suicides because of it.
3. It's never about you, it's about your clients, customers, business partners and connections. Make yourself a servant of others and you will reap the benefits. A clenched fist cannot receive anything but an open palm receives all blessings.
I have learned so much being in business that it is hard to choose the key one thing - so I will just list one of many:
If something is not working change it. Immediately.
If something is working leave it alone.
3. Persistence and patience are key to business.
You can do things..the choice is up to you.
3. What I've learned? .... A. ... Never hope an intermediary will effectively present your idea. .... Make sure all the decision makers will be present and they understand what you expect to happen.
Life has taught me two great things
One- Be positive
Two- Believe in yourself
One lesson I learned from being an Entrepreneur.
Expect the unexpected, and always have a Plan B.
there is something that pushes me to find my limits and that feeling is incredible. To accomplish new things has less to do with money than it does about personal power and perseverance. I am energized by my own existence and progress...to me, that is what it's all about.
What have I learned? I offer several of many:
1. I was told some years that things take time, and they are not to be rushed. This is unacceptable to me!
2. if I am not in a state of change, then I am very, very uncomfortable.
3. It is important to be good at execution, but better at recovery.
4. there is no problem worth losing sleep over, it will still be there in the moring.
I am learning a lot as we deal mostly with real estate investments. I learned Investment Rule no 1: Never use your own money to fund any property deal. I have heard about doing property deals without using your own money before, but didn't think it was possible until I saw it happen.
3/ One lesson I've learned is to get rid of the bad quickly.
The things I have learnt about being an entrepreneur are
that is vital to network, build relationships and don't procrastinate.
One important thing I have learned as an entrepreneur is, if you can dream it, it will happen. Just follow that dream and persist.
I learn every day from being an entrepreneur. What I learned most is that the education system doesn't really prepare anyone for the real world unless they are in a highly specified major. Entrepreneurship is the way to go and I really enjoy learning while making money.
I love constantly learning something new every day. One thing I have learned is that business is a lot of trial and error . . . and then you find something that works and stick with it! Until the time calls for improvements . . .
My personal advise is stay focused, be persistant,
don't jump from one company to another
learn to work in a team and your success will come.
3) What have I learned? I have learned that there are caring people all over the world. I have also learned that there are uncaring people in my own backyard. However, it is the caring people who make life worthwhile. It is with caring people that the "business magic" happens. There is something truly dynamic when you can apply the giving principle to others first and find yourself rewarded as a result. However, this concept tends only to work with caring people. If you try it with uncaring people, you may find that your time gets wasted or worse. For that reason, I encourage caring people to connect with one another in small groups (what I call a "cluster"). I encourage that small group to come up with a good design to help each other out...and help make the business magic happen.
The one thing I've learned from being an entrepreneur is that once you've done it, you can't go back to being an employee. I've had times when I went back to the corporate world after running my own show, and I'm always miserable as an employee! Being in business for yourself, even if you're not hugely sucessful, permanently changes your attitude toward employment.
Biggest mistake: I started this project planning to develop new technology and bring it to market. It took me three quarters of a million dollars and seveal years to develop the technology.
Three years back , I took plunge in entrprenuership .I have equal interests in areas like pure sales to engineering and also been proved succeful in both.However as employee either they make you techie guy or marketing guy.I chose area which I have special interest and started on my own which is now giving me a lot of job satisfaction and well better dough.
First, the passion and no plan is a direction I took early in my entrepreneurial career. I believe setting goals is important and having them in writing is doubly important. I could go on and on about the importance of taking your time to write out a plan, but I'm sure many of you understand this point. I was a bit slow on the uptake on this one but I'm becoming more patient and better at planning day-by-day.
Second, great media exposure means nothing if you don't capture your traffic and understand what a great gift it is when your business gets recognized. Look at media and marketing from a monetization point of view and not from an ego driven view and you'll be much happier and wealthier in the long run.
Finally, I just want to add, being an entrepreneur is meaningful. When creative people take action the world is a better place.
3. Two lessons I've learned:
One -- Care for your customer. It's all about your customer's experience. Whether it's a good or bad product, the customer remembers the experience. The more you capitalize on the care of your customer, the more you capitalize on your success. It's been proven that a customer will tell more people about a bad experience than a good experience. Be a good experience.
Two -- Another thing I've learned as an entrepreneur is to obsolete yourself before your competition does. A good book that talks about this is Leapfrogging the Competition by Oren Harari. As an entrepreneur, you should be working on your business not working in your business to excel. Keep your eyes and ears open to new advances in your industry and implement. "Today's numbers are a reflection of yesterday's decisions; tomorrow's numbers are a reflection of today's decisions." Make the right decisions today to obsolete yourself.
Keep moving forward and remember that setbacks are temporary, inevitable and part of learning. Take care and God bless.
I've learned that being an entrepreneur takes lots of work and dedication.
One of the things that has become clear to me from both my personal experience and working with clients is that while planning is an essential element in success - it is a challenge to "know" how much planning is enough.
The biggest lession I have learned is: the importance of getting some income immediately regardless of the amount of research and development you need to do unless you have a large backer.
I have learned first - that the concept that I had when I was 8 years old when taking my very first picture with a Brownie Camera that no one would probably ever see any of my images - did not have to be true and indeed that concept or idea has greatly changed since that time -
I have learned that many people who I have done work for or who I have met here on RYZE as well as on some of the other networking groups currently on the Internet - do so many things that I never dreamt existed as businesses -and that there is a whole lot to learn from everybody - all over!!!!
and I have learned from a lady who called me just three days ago after receiving my card and then holding onto my business card for 16 years (she received it in 1992 and remembers exactly where in Brooklyn she received it although she now lives in New Jersey) to stay in business a while in order to reap the benefits from your advertising efforts!
I have learned through life, how to truly let go and let God. When you give a worry to God, you cannot take it back and worry with it, that just means you don't trust God to handle it. What peace it is to know Him.
I attended alot of course teaching me to understand about money and also about myself and how to get things done! and untill today i never stop learning as i believe that one can not stop learning untill when he is in the grave!
The things I have learned about being an entrepreneur --
1. That I was better at selling things than I ever thought I would be -- it is easy when you really and truly love what you do and believe in your product.
2. That inventory control would be such a challenge.
3. Learned lesson - so many to choose from. The most current choice would have to be that I must be present and accounted for in growing my business. Leads and contacts aren't going to just fall out of the sky (oh, I wish they would), and me, myself and I must constantly work, work, work to get the job done!
4. Don't go it alone. Have at least one other person you are working with to realize the vision.
2 Lessons I've learned:
- Leadership = Personal Responsibility
- You have to take responsibility for everything that happens around you; it is not fate, or coincidence, it is just the Law of Attraction working based on your vibe. Based on that, I stopped blaming the economy, or the webdesigner, or weather, and started focusing on actions.
- An extra one: Problems will always come up. I learned to get past those as quickly as possible and focus on the solutions. That has helped my business tremendously.
If you are going to work your butt off being an entrepreneur (which is A LOT harder than being an employee) make sure it’s something you love to do or something fun to do. All the hard work you put in day in and day out will not be as hard if you are too busy having fun. It makes all your efforts, blood, sweat, and tears worth while!
Two lessons I've learned:
1. You must work hard and work smart in order to be successful in all areas of life.
2. People have stronger challenges and go through more adversity than I do. Stop crying.(I am trying to practice tihs more consistently.
3/ Two lessons I've learned:
One -- Starting an intenet based business during an economic downturn is quite a challenge.
Two -- Owning one's own business makes going to work for someone else is a bigger challenge.
Aim high and never be afraid to ask for what you want. Some of the best opportunities we've had as business owners has come as a result of approaching someone and simply asking. The worst they can say is No, right?
Even though I've technically just become an entrepreneur, I have learned that this is something that you have to have a passion for and are willing to put your all into. You truly have to love what you're doing.
When I established My definite Major Purpose in 1960 I found how easy it is to be in total control of all your desire. All it takes is proper Business Plan, well defined Cash Flow projections and Budgets, a Strong Master-mind Alliance of Like-minded individuals and the Explosion of Massive ACTION, immediately. Always Burn the boats on the Shore and Move Forward
I too have learned many lessons in a short amount of time. I am driven by my passion and desire to change lives and make a difference , my love for god is first , then family and then business. Most times I forget to keep my priorities straight.
--Whenever possible: under-promise and over-deliver and you'll never have to do any advertising to get more than enough clients--the word-of-mouth will happen naturally.
--If you're not having fun, don't SHOULD your business into the ground, make it fun or change your business! While fear and duty are effective motivators, they corrode the spirit in the long-term. Any long-term business is a marathon, you can't should yourself past an ambitious finish line and count on having many more in you.
As a seasoned entrepreneur, I have learned that a major key to success is learning how to listen, learn, and laugh. In other words, show others that you care, be willing to grow from another's perspective, and be friendly in all that you do. Most people will respond with mutual respect and maybe even show some interest in what you have to offer. ;^)
Many people think they could succeed as an Entrepreneur (including me), but the reality is only very few (and the best of the best... may be 5% of all Entrepreneurs?) will succeed, and the consequence of failure is Fatal (I know, because some of my friends and family members have burned their entire retirement savings in the process of trying to Get Rich as an Entrepreneur, a false Hope and false Confidence in themselves).
HOWEVER, I still think that I still have a Chance to Succeed, as I came across an opportunity recently, which reignited my entrepreneurial spirit : Affiliate Income Business. It requires some learning, but I think I could Make it and achieve Financial Independence through Affiliate Marketing. Any one with access to Internet could start the business in days at Home. It is the perfect business model for small Entrepreneurs like me.
I learned a lot about Online Marketing
As a seasoned entrepreneur, I have learned that a major key to success is learning how to listen, learn, and laugh. In other words, show others that you care, be willing to grow from another's perspective, and be friendly in all that you do. Most people will respond with mutual respect and maybe even show some interest in what you have to offer. ;^)
What you receive in life, and the way people respond to you, is based on your words, your actions and your habits and it all starts with a thought!
Dream BIG, the bigger the better, be persistent and get out of your comfort zone. Never give up and you will get there.
And, I agree with you, Scott, cash-flow is important, without it – no business!
The most important thing I learned from being an entrepreneur is that "Luck is when opportunity and preparedness collide."
This is my third successful entrepreneurship.
I have learned that there is no such thing as a "get-rich-quick" plan and that persistance and consistancy are key to growing our business. I also learned that the network marketing industry is not for everyone.
The one lesson that I have learned in my journey to own my business is, perserverance, and patience. As most of you can probably relate, business owners need to overcome the fear of failure and just go for it!! All good things come with sweat and hard work!!!
Share with others one lesson you've learned from being an entrepreneur—Heraclitus was right: You can't put your foot in the same river twice! Change is constant, and often, it's a good thing.
I'm currently working on my own book now - a book about people who have overcome tremendous odds and how they did it. More than just "success" stories, there is some nuts and bolts practical advice there.
The 1 lesson I have learned is don't just start advertising without researching first. I must say I have wasted some money.
learned if I want more I must be more. What I read and who I spend time with is just as important as what I do and what product I offer to my clients.
0ne--Give freely without expectation and when you need...it will return.
Two--The greatest teachers in life are those who never stop learning.
/ Be focused and persistent. It's no easy to be an entrepreneur, both challenging and interesting.
Happy Exploring! :)
I've learned that you cannot chase down prospects and force them to look at your opportunity. You need to attract them to you and have them want to buy instead of you trying to sell them.
After working in sales for 3 years I have learned many lessons. Here are a few:
There are two main things a good sales person should always be doing. They are building trust with new customers and continually adding value to existing ones. I see far too many sales people in my travels that come in with a slick pitch and tell the prospect whatever they want to hear to get a sale today. Some sales managers teach this practice. I personally believe in ethics, therefore I only sell products I believe in for companies that back up their word. Anyone can BS, but long term takes motivation, partnerships, and mutual respect.
Listen. Listen. Then listen some more. To show your prospect the respect they deserve (after all, they did agree to meet with you), and to get the proper details to deliver the correct solution, you must listen, take notes, ask good questions, and then review your understanding with the client before taking any action. Selling is easy if you know what solution to sell.
Never badmouth the competition. This is a turn off to most prospects. Remember, if your prospect has chosen another company to offer competitive proposals, or they are already using your competition and you are trying to win the business, an insult to the competition is also an insult to the prospect and their ability to make a good business decision.
No matter what your business is there will be a point where sales are involved. Every business is only as good as the customer base will allow so every step should be taken to build a good one. After all, they are providing you with a living and income. On the other hand, we all need to know when it is time to cut one loose.
One last thing: Never assume no means no. Sometimes you just need to find a new contact. Last month I sold a $318000.00 project to a company where I had previously been told to take a hike. The right contact combined with the right solution is all it takes. Thanks for allowing me to join this group.
I am a single, homeschooling mom of 4 children. I also have 2 adult children and 4 grandchildren. I have been focusing my biz marketing in my local area, but decided to gear up my online marketing again too.
I have learned follow up is one of the most important things in business. If you do not have a sysmatic way to follow up with clients and customers, they can fall through the cracks.
One lesson I've learned is that it is all about cash flow. If you can't make it in sales, you better start looking at cutting expenses.
I have learned since being in business to make sure I don't trust anyone and get everything in writing. I tried to take someone at their word once and ended up sueing them when they charged me for items they didn't perform.
good networking always helping us in our lives in positive ways.
One thing I have learned from being an entrepreneur is that you must have focus, be teachable, and be willing to align yourself with others if you want to succeed.
I'll share TWO...
Some mistakes can be corrected, but not the mistake of wasted time. When time goes it has gone forever.” Napolean Hill ---- this is TRUE!
Regardless of what state the economy is in, your business is in one of three gears: PARK, DRIVE or REVERSE. Where are YOU headed?
/ One lesson I have learned from being an entrepreneur is to trust, have faith, and think & act positively.
Background information about my life growing up in the country. I was born in a small country town in Virginia.
We pumped or filled buckets of water from a well. We bathed in a big round tub.. We were a family of 6 living on a very small budget. We wore hand me downs and the cheapest thrift store shoes we could find.. As children who rode the school bus, had to walk about a half mile, cross a creek on a very shaky crossover, then walk another half mile to the end of the road.
Finally, at the age of 8, the family relocated and upgraded to inside plumbing and less walking distance to catch the school bus. Went on the graduate from High School with a B average, attended community college in NC, 1976, 17 month home study course as a Computer specialist, 1997 and started a career in computers.
This was my motivation to success The lack of and a determination to succeed. In 2005 joined a network marketing social networking site and began interest in network marketing. Placed ads, made list of everyone I knew, (warm market), needless to say, failed miserably.
I am very persistent and ambitious so much so that I do not give up easily. In my experience I have learned that we all need some sort of training in whatever venture we pursue. Being educated is a very important factor in being a successful marketer. Learning is an ongoing process.
Planning is VERY important. Almost as important as the vision (how else are you going to achieve it?). Next to that, a team.. not necessarily employed by the company, but it takes teamwork to realize a vision (vendors, suppliers, network, etc.).
Those that can't relate to the mind of the Entrepreneur. And, if there are no Entrepreneurs in your family, they think that you are nuts.
Learnings: (1) One need to know the business well that he intends to start. One cannot be successful if he starts a business depending only on other's knowledge. (2) The success of a start up is essentially on the staff that you recruit initially. One bad employee can kill your company. (3) Also that you need to have enough money to start and run an organization.
I have learned that networking is very valuable in helping you build a team for your business and ideas. Learning how to identify people's talents and building your team is important. There are so many people out there with so much information that I feel nothing is impossible.
I believe that the most important thing in life is to be as good as possible to one another. Listening, learning, and trying to understand different perspectives are what I try to do to the best of my ability. This is how I live my life and what I have learned from being an entrepreneur.
You need an audience. So get on Twitter and Facebook, start a blog, publish a newsletter, etc. Be seen and build your mailing list. It is a huge asset.
Life is good. and I wake up with this philosophy " Let the day unfold, it brings its own hidden agenda, some good, some bad some ugly!!!"
I felt that "if I could do it once, I could do it again.
One thing I've learned about all this social networking is that there are an enormous number of individuals out there who are terrific about sharing their knowledge. Thanks to all of you who do just that.
Two lessons I've learned: --Be consistent. Do a couple things everyday to improve your business. I used to try to cram everything into one day and I found if I did 2-3 small things everyday to improve the websites it made a big difference.
I have an entrepreneurial background having owned three businesses since my discharge from the Air Force in 1974. (Man, I am getting old:))
Two lessons I've learned....
First: It's so important to be tolerant of people and accept them for who they are. Patience with people will always have a positive ripple effect whereas the alternative will set off a string of bad moods.
Second: Fear holds you back. If you fear doing anything, you're life will be unrewarding and dull to say the least. Take the leap, you probably won't regret it. If you don't, you'll always wonder....
I am learning that "trust" is the most valuable asset one can own here on the net. Without it, it is simply impossible to attract like-minded entrepreneurs and build a successful business. Attraction marketing just doesn't work without the trust element.
"It's NOT what happens, it's HOW U handle it!" $25 off Head shots til 10/31/09
My Treat-Trick or Treat!!* "Put Your BEST FACE, Smile & HEART Forward! HUGE!"
*http://paulstevenphotography.com Only mobile photo studio globally of its kind
*http://todaysjoke-network.ryze.com/ A very very funny way to business network
Private Reply to Paul Finkelstein | | Jan 30, 2012 3:37 pm | | 2009/Cheat cheat/Eighty Three Powerful Lessons Learned as an Entrepreneur from ALL of you!!! | # |
Paul Finkelstein | |
Dug this POST out of the attic of Ryze...
:)
Kindest regards,
Paul
http://www.PaulFinkelstein.com
http://www.APOPBROCKS.com <--SILENT AUCTION PORTRAITS for charity...
Private Reply to Paul Finkelstein | | Dec 08, 2015 7:40 pm | | re: 2009/Cheat cheat/Eighty Three Powerful Lessons Learned as an Entrepreneur from ALL of you!!! | # |
Paul Finkelstein | |
3 year later
Hope this message finds you all well...
P
Brief intro about my biz http://www.youtube.com/watch?v=C0qEEzHmacs
http://www.GrandBusinessGroup.com Future GBG Toastmasters group
SOUTH FLORIDA and Your city too
Contact me 866-443-0873 IF you are interested....
Private Reply to Paul Finkelstein | | |
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