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Be An Entrepreneur This Year

Guest post by: Michael Hume

Article Overview: Whether you own your own business, make your money through investing, or have a traditional job, you need to take personal responsibility for maximizing your Entrepreneurial spirit this year. The challenges out there are tough, and you'll need to bring forth you very best to beat them....

Be An Entrepreneur This Year

Times Are Tough, But Don't Be A Victim There are two types of people: The Entrepreneur, who takes initiative and controls her own destiny, and the Victim, who needs taking care of and acts as though the world is out to get him.

In fact, both types live inside each of us, and it's important to feed your Entrepreneurial image and starve your inner Victim. Only in this way can you become a more inspirational leader, as most of my clients hope to do.

Victims are political creatures, carefully concealing their true intentions and feelings. They're critical of others, and very competitive.

By contrast, Entrepreneurs are courageous, choosing to boldly proclaim their goals and aspirations. They are curious about other people, usually looking for something to appreciate about everyone they meet. And they're very collaborative.

Victims believe life is being done to them. Entrepreneurs believe it's up to them to get things done in life.

It's been my privilege to coach and counsel many of the world's brightest consultants and business people... and it's a privilege for which I feel quite blessed. I will say that the biggest trend I've spotted in all my clients has been a desire (perhaps even a need) to be more inspirational to those around them. Whether it's building inspirational leadership for the team at work, or even exuding inspiration in family or private life, people ask me all the time how they can become more inspirational. The answer I've discovered is this: while the weaker side of each of us tends toward the Victim, only the Entrepreneur in each of us can be inspired, and therefore inspirational to others.

Whether you own your own business, make your money through investing, or have a traditional job, you need to take personal responsibility for maximizing your Entrepreneurial spirit this year. The challenges out there are tough, and you'll need to bring forth you very best to beat them.

You can do it.

Here's wishing you a happy, healthy, prosperous, and truly Entrepreneurial 2011. This time next year, I hope we're all celebrating the big steps forward we've made as Entrepreneurs, and as inspirational leaders.

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  Annansi in Entrepreneur Magazine’s December issue

Article Tags: health wealth and happiness, inspirational leadership, personal responsibility



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How to valuate a business - Hi Garth - here is how we did it at Northern Crown Capital when I was helping them raise venture capital for Toronto-based entrepreneurs. Assume the start date is 2003 so 2008 projections are 5 years out: How Northern Crown Capital Valuates a Business 2008 Financial Projections Earnings Before Tax $5,865,000 Tax Rate 42% Taxes $2,463,300 Net Earnings $3,401,700 Amount Seeking to Raise Today $3,500,000 Discounted Value of Future Opportunity, 5 Years Out 2008 P/E Ratio 15 Value of Company in 2008 $51,025,500 Discount Rate Applied 30% Year 2008 $51,025,500 Year 2007 $35,717,850 Year 2006 $25,002,495 Year 2005 $17,501,747 Year 2004 $12,251,223 Value of Company at Investment in 2003 $12,251,223 Less: Investment Amount $3,500,000 Present Value $8,751,223 Discount for Risk & Private Company 40% Less: Discount for Risk & Private Company $3,500,489 Private Company Value $5,250,734 Present Value (What the Owner Keeps) $5,250,734 60.00% Financing (What the Investor Gets) $3,500,000 40.00% Total $8,750,734 100.00% I hope this helps!
Profiles of Women Entrepreneurs - Bravado Designs - Bravado Designs is a great company to profile for women entrepreneurs. Kathryn From and Shery Leeder are once again on this year's Profit 100 list of Women Entrepreneurs and this year have moved up to #68. They also won the prestigious Rotman's Canadian Woman Entrepreneur of the Year Export Award in 2002. The company, which designs, manufactures and sells nursing bras and nursing apparel, has been steadily growing since it was started at a kitchen table in 1992, and now has worldwide sales. Could it possible be another Robeez???? Kathryn From speaks regularly on entrepreneurship and would be great to profile. Maureen
Re: HAPPY NEW YEAR! - Happy New Year!
New Year - New Resolutions? - Anybody got any goals they'd like to share for the New Year?
Re: Hi Everybody - Thanks a million GT Have a Happy New Year


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