The Fearless Factor by Jacqueline Wales
Written by:
Nikki Leigh
Article Overview: We've all heard the saying that life is a jungle and that idea is a big part of The Fearless Factor by Jacqueline Wales. She shares her story of what happened in her life, the trials and addictions that she went through and how she ultimately faced her fears and created the life that she wanted. This information is good for anyone facing fears, but for women or men who want to own their own business - the content of this book can be invaluable in their journey to success personally and in business.
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The Fearless Factor by Jacqueline Wales
The Fear less Factor: Overcome the Fears, Doubts and Anxiety That Stop You From Being Your Best Self Now by Jacqueline Wales is for anyone who is facing any fear and obstacles in their life. Do you know anyone who needs to deal with fear or obstacles in their life? Maybe you need to deal with some fears. There are so many things that people need to handle in their lives and those are the people who need to read The Fearless Factor.
The Section Headers in the Fearless Factor set the stage for the content -
Part 1 - Enter the Jungle.
Part 2 - Choose the Right Path.
Part 3 - Arrive at the Clearing.
Part 4 - Master the Jungle.
In Part 1, Jacqueline Wales discussed identifying what fear is, why do we ignore fear, how much pain are you in, what are you willing to give up, what is your commitment to change, where do you want to go, what do you want to achieve, do you think change is easy, determine what you are grateful for, keep smiling, age and attitude and much more. Part 1 sets the stage and lets you evaluate what you need to deal with and to begin evaluating yourself. Another element is - are you ready to make a change? That may sound funny, but not everyone is ready to make the commitment to make a real change.
When you're ready to move to Part 2, you need to learn how to choose the right path. Jacqueline Wales hits on many points that are important and that will likely be hard to face. But, to move forward through the jungle of life - you must face these concerns and be honest with yourself. She starts by asking what stories you tell yourself. Then you evaluate when opinions and expectations influence your life. Are you avoiding issues? She tells you to stop second guessing yourself and to be honest about whether you are all right. Chapter 8 starts by asking are you ready to change your life. You must develop compassion and forgive yourself. She wants you to answer the lies you tell yourself and what motives you to do this. Part 2 is not light reading, but a very integral part of your journey.
Appropriately Part 3 is titles Arrive at the Clearing. After considering the elements of Part 2 - you will indeed reach a clearing mentally and emotionally. This is the time to start identifying your values, skills and experience. These will help you define who you are.
Mistakes and failure are the next topics - and she wants you to understand the positive elements of "failure". Its time to get rid of the negativity and to learn to love yourself. An entire chapter is dedicated to risks - where to take risks and where to avoid risks.
This has been a powerful journey and Jacqueline Wales says it is time to move onto a bigger game - so you need to understand what is holding you back. Evaluate where you give up the control in your life and get rid of the distractions. Chapter 18 helps you to define, refine and accept your dreams. Isn't it amazing how a person can go from not understanding fear and then being able to realize their dreams? This is a huge step for many people and the trek that Jacqueline Wales lays out in her book will enable you or someone you love to make this sort of change in your life.
I can tell you from personal experience that facing you r fears, learning to love yourself, understand your skills and values, understand its all right to fail sometimes and many of the other things that Wales talks about in The Fearless Factor - are wonderful steps to making great changes in your life. These are some of the things I did several years ago that helped me to lead a much happier, more fulfilling and successful life. I didn't say it is easy, but I wish I'd had this guide to help me through my personal struggles. It is available for you - and the principles in this book can make a major difference in your life - to make it better.
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Related Forum Posts
Web Entrepreneurs
- Great find Leo! I'm surprised that Bram Cohen (Cofounder, BitTorrent) and Mike Morhaime (President, Blizzard Entertainment) made it ahead of Jimmy Wales (Founder, Wikipedia) who has one of the most popular sites in the world and will soon be taking on Google in the search battles.
Different Types of Funding
- Finance for business can be obtained through a number of different sources.
Let's review some of those channels to help you decide what's right for your business needs:
Grants
There are over 930 different EU and UK grants and loans available from over 100 issuing bodies. This is the cheapest form of finance and an important part of the funding package that companies and individuals need. We can help you find your way through this maze.
Technology
Micro Projects: 50% of eligible costs up to £20,000
Research project: For a technical and feasibility study of an innovative idea for new technology 60% of costs up to a grant of £75,000.
Development project: For development up to pre production 35% of costs up to a grant of £200,000
Developing an innovative idea: valuable for small companies and individuals at the start of a technical project: 75% of costs of hiring a mentor and consultants.
Export
To start exporting or moving into new markets grants of 50% of costs up to £20,000 each.
Training and Education
Knowledge Transfer Partnerships, Achieving Best Practice in Your Business, Investors in People
Modern Apprenticeships
New Deal for various grants.
Environment
BOC Foundation for the Environment: 25% to 50% of Project cost, typically £20,000 to £100,000
Clean up Fund: Emission reducing equipment up to 75% of cost
Community Chest Fund: Up to £25,000 for projects near active SITA sites
High Impact Fund: £150,000+ for larger projects near SITA sites
Assisted Areas
Regional assistance grants of between 10 and 35% for capital expenditure in less favoured areas of the UK.
Loans
Loans are an excellent source of finance if you have suitable security to borrow against or a reliable earnings stream. This needs to be planned and presented well to obtain funds.
Credit cards
Provides up to 56 days free credit if you play the game!
Overdraft
Banks are surprisingly supportive when presented with a well thought through plan and competent management.
Bank Loans
Lenders tend to look for a good business plan and security. Typically the loan is approved by a centralised back office function rather than the person you meet. Terms and rates depend upon the risk. Repayments can be very flexible to meet your specific needs.
Mortgages
These can include flexible repayment terms to meet your business needs. This can even be incorporated into your overdraft finance so that you have one flexible account for both personal/ business mortgages and overdraft
Small Firms Loan Guarantee Scheme
Up to two years trading: Up to £100,000
Over two years trading: Up to £250,000
However these are difficult to obtain and are a loan of last resort.
Export Guarantee Scheme
This is government backed insurance against appropriate export documentation.
Mezzanine
This is a halfway house between loan and equity. It can be an innovative way of raising funds for the more established business. Mostly for expansion capital.
Equity
This is not as easy as the papers would have you know. Only 1% of business plans received by Venture Capital Funds are successful. However, a good business proposition consisting of a strong demand for the product or service, management track record and a sound financial plan will enhance the chance of success.
Business Angels
These are high net worth individuals who are successful businessmen looking for investment opportunities. They can provide both time expertise and money. Typical investment size is £25,000 to £250,000 but can go as high as £2m for the right opportunity. Exit within 3-5 years.
Venture Capital
These are investment funds seeking high rates of return. However typically investments are over a million pounds. Some funds are targeted at lower amounts depending upon the sector and region. These funds are looking for exponential capital growth over 3-5 years.
Asset backed finance
This can cover machinery, sales invoices even sales orders. It can be a very flexible source of finance to the growing business
Leasing
This will cover your capital expenditure and spread the cost over a three to five year period. It is particularly useful if you do not have taxable profits to maximise your capital allowances.
Sale and leaseback of a property you own is another good source of funds.
Factoring
Factoring offers a sales ledger administration and debt collection service. Up to 95% of an approved sales invoice is paid within 48 hours, quicker if required. Credit protection is also available to protect against a bad debt. The Factor will own and place a first charge over the book debts and they might also take other charges, depending upon the strength of the financial information.
Invoice discounting
Invoice Discounting can be Confidential or Disclosed; it depends upon the strength of the financial information. The service is the same as Factoring, except that the sales ledger administration and the debt collection is the responsibility of the client and not the Factor. Pre payment of the approved sales invoice is still up to 95% and the factor will still have a first charge on the book debt and therefore own the debt. This service can also have credit protection cover. All sales invoices need to be for a business to business debt, and some proof of delivery is generally required.
Trade Finance
This is funding provided against stock purchases, signed contracts and orders whereby the funder will prepay a certain percentage of the value
Pension fund
It may be possible to use your pension funds for a loan back to the business
What do u think about it?
The Way We Were
- You have to be middle aged or older to get this but I thought I would share it with you and it's all about [color=#008000:22uc7wu6]THE GREEN THING[/color:22uc7wu6]
The Green Thing
In the line at the supermarket, the cashier told an older woman that she should bring her own grocery bags because plastic bags weren't good for the environment.
The woman apologized to him and explained, "We didn't have the green thing back in my day."
The clerk responded, "That's our problem today. Your generation did not care enough to save our environment."
He was right -- our generation didn't have the green thing in its day.
Back then, we returned milk bottles, soda bottles and beer bottles to the shop or off licence. They sent them back to the plant to be washed, sterilized and refilled and re-used. So it could use the same bottles over and over. So they really were recycled.
But we didn't have the green thing back in our day.
We walked up stairs, because we didn't have lifts and escalators in every shop and office building.
We walked to the local shops and didn't climb into a 300-horsepower machine every time we had to go to a supermarket.
We bought fruit and veg loose - and washed them at home. We didn't have to throw away bins full of plastic, foam and paper packaging that need huge recycling plants fed by monster trucks all day, everyday.
But she was right. We didn't have the green thing in our day.
Back then, we washed the baby's nappies (diapers) because we didn't have the throw-away kind. We dried clothes on a line, not in an energy gobbling machine burning up 220 volts -- wind and solar power really did dry the clothes.
Kids got hand-me-down (mostly hand made or hand knitted) clothes from their brothers or sisters, not always brand-new clothing shipped from the other side of the planet.
But that old lady is right; we didn't have the green thing back in our day.
Back then shops repaired things with funny things called spare parts - we didn't need to throw whole items away because a small part failed.
Back then, we had one TV, or radio, in the house -- not a TV in every room. And the TV had a small screen the size of a handkerchief (remember them?), not a screen the size of Wales.
In the kitchen, we blended and stirred by hand because we didn't have electric machines to do everything for us.
When we packaged a fragile item to send in the mail, we used a wadded up old newspaper to cushion it, not Styrofoam or plastic bubble wrap.
Back then, we didn't fire up an engine and burn petrol just to cut the lawn. We used a push mower that ran on human power and hand clippers for the hedges.
We exercised by working so we didn't need to go to a brightly lit, air conditioned health club to run on treadmills that operate on electricity and then drink millions of bottles of that special water from those plastic bottles.
But she's right; we didn't have the green thing back then.
We drank from a fountain when we were thirsty instead of using a plastic cup or a plastic bottle every time we had a drink of water.
We refilled writing pens with ink instead of buying a new plastic pen, and we replaced blades in a razor instead of throwing away the whole plastic razor just because the blade got dull.
But we didn't have the green thing back then.
Back then, people took the bus and kids rode their bikes to school or walked instead of turning their parents into a 24-hour taxi service.
We had one electrical outlet in a room, not an entire bank of sockets to power a dozen appliances. And we didn't need a computerized gadget to receive a signal beamed from satellites 2,000 miles out in space in order to find the nearest Macdonalds.
But isn't it sad the current generation laments how wasteful we old folks were just because we didn't have the green thing back then?
------------------------------------------------------------
regards,
Mal.
Erica Ehm profile, Ladies Who Launch
- Meet Erica Ehm Interview
Meet Erica Ehm in Toronto at Ladies Who Launch LIVE on September 29.
Erica Ehm rocks.
And she does it with the lights on. At least, she used to. One of Canada's most recognized media personalities, Erica was barely in her 20s when she became the first female video jockey on Canada's MuchMusic cable TV station. Erica went on to launch a multi-media career that has included television, radio, film, theater, journalism, songwriting, and music publishing. The birth of her son, Joshua, however, changed her pace and direction on a dime.
As a new mother, she found herself confused, afraid, isolated and depressed, and she wasn't alone. Yummy Mummy Club was launched to create an online community for women with "kids, guilt and no time for themselves."
Cheeky and playful, it speaks to "finding the impossible balance between the single sexpot she used to be, the woman she's become, the professional she works hard to be, the wife she aspires to be and the mother she has to be."
What I learned from Erica: the key to success is to dream. "To make your dream come true, you first have to have a dream." And,"You have to be very specific as to what you're trying to achieve. Go at it, day in and day out. Meet people. Network. Use others' expertise to your mutual benefit. Find the 'frenemies' around you. And, be prepared for more work than you ever thought possible."
Birth of a Video Jockey
"I always wanted to be in music and acting. They were my passion, and, as a VJ, I could combine the two.
"When I was 16, I worked at a local radio station. My next jobs were at larger radio and TV stations. They saw that I was passionate and driven. I was able to make a demo tape and I basically thrust my talent on MuchMusic.
"I also ran the school yearbook, wrote a student newspaper column and did my college yearbook. A pattern emerged that I didn't notice. It was that I've always been a spokesperson for my generation."
School of Hard Knocks
"I went to the school of hard knocks. I learned on the job. I had no formal training, script or director and I was on the air live for four hours every day. I survived and flourished."
Fearless Good Girl
"I learned to be fearless in front of an audience and camera.
"I was creating my own persona and messaging from the time I was in my early 20s on live national TV. This forced me to examine my priorities and what kind of message I wanted to send.
"I positioned myself as a good girl, an inspiration and a role model, as opposed to the party animal rock and roller. I used the platform to spread inspiration to young people and women. No one ever wrote a script for me. It all came from my heart."
Ups and Downs of Celebrity
"I was somewhat of an introvert and initially not comfortable with people. I just wanted to interview rock stars and understand their creative abilities. I didn't think about and wasn't prepared for celebrity.
"It did allow me the opportunity to get my message out. I learned how to use the media for my own ways and how to navigate an interview."
Shock of Motherhood
"I was totally unprepared for the psychological, emotional and physical changes when I had my son, Josh. I did all the research, but it hit me over the head like a hammer. I was in a fog and totally depressed and terrified."
Dirty Little Secrets
"I wondered if anyone else was having such a terrible time. Out at parks and places, I started to talk to other mothers and tell them my experiences.
"They'd say, 'Me, too.' I realized it was a dirty little secret that no one is sharing because they're too ashamed that they're not the perfect mother.
"I thought, there has to be some way to talk to moms and tell them they're not alone, that we're all going through same thing and it's OK."
Yummy Mummy Club
"I wanted to create a place on the internet to share and celebrate our lives as mothers. The idea was to stop talking to moms like they're just moms.
"We are women first. Part of the discussion will be about motherhood, but we are also lovers, girlfriends, athletes and so much more. A mother is not just a caretaker of children. So many of us forget that when we have a child and start to lose our identity.
Definition of a Yummy Mummy
"It means different things to different people. She's an inspired multi-tasking mom who feels good about herself and takes good care of herself. She's a great role model for her friends, kids and family."
Hooked up With a Delicious Daddy
"A Delicious Daddy is a father who is connected to his family on a domestic level. He doesn't just go to work, come home and say, 'Honey, where's supper?' He's connected on an emotional and physical level.
Imperfect: The New Perfect
"Moms need to lose the guilt and fear. It's all a state of mind. It's important to keep the idea of 'happy mummy, happy family' in perspective. Sometimes a mom has to take care of herself and put her needs first. Refreshed and inspired, she'll be able to be there for her kids in a better way."
Prepare For Chaos
"For all the talk about balance, really there is no balance. As soon as you have it, something goes out of whack. Be prepared for chaos."
Turning Point
"My business model has been based on my own intuition. I built my website by hand myself on intuition. Its message and feel reflected my strong vision. I was a one-woman operation until recently.
"Now I've hit a plateau. I'm still doing most of the hands-on, but now someone does the site for me. I hired a mom-preneur of Craigslist. I've hired a firm to handle the invoicing and I have virtual assistants. My sister in law is the 'prize queen' and she contacts our contest winners.
"I love the transition. I'm very careful about who I'm asking to join my team. Everyone has exceeded my expectations. The secret is, hire moms. They know how to multi-task, they take great pride in their work and they know about self-employment. Moms are the best untapped market."
Yummy Future
"YummyFriends is my new social networking site for women and moms to meet and support each other. It's a place to share sexy secrets,
fave books and cool questions.
"My biggest initiative to date is a user-generated contest to find Canada's Yummiest Mummy. It's a 12-week contest beginning over Labor Day. Thousands of videos will be uploaded and there will be prizes for winners, voters, and people who forward news of the contest. It's a huge undertaking with a cheeky, playful vibe."
Yummy Last Words
'The only way you'll succeed is to put work and time in. It can't be all about money because then you'll start compromising left, right and center.
You have to be consistent about your dream. Have the attitude, 'If you build it, they will come.'
"Starting out in the spotlight so young, I learned that the key to success is to be fearless. Don't be afraid to ask, to take chances and to risk being turned down. Roll with the punches and get back up."
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