The 5 Practices of Wildly Successful Entrepreneurs by Ed Abel
The 5 Practices of Wildly Successful Entrepreneurs by Ed Abel
Are you an "Entrepreneur" or a "Skillpreneur"?
Entrepreneurs...
1. Have a vision: Entrepreneurs bring more than skills and experience in a particular field to their business. They have a vision for their product and/or service, and they understand the market it will serve. Their vision includes a mission statement that reflects the purpose, image, and social responsibility of their business. "Skillpreneurs" bring skills and not much else to the table. "Skillpreneurs" follow their business; entrepreneurs lead their business.
2. See the big picture: Entrepreneurs step back to look at the big picture. But "skillpreneurs" are so busy working in their business that they are often blind to the changes in their industry, as well as the growing pains of their own business. The big picture includes dealing with challenges and problems, too. Entrepreneurs are ready to take on the challenges because they expect ups and downs. But "skillpreneurs" often buckle under the stress of challenges because they are serving their clients and trying to solve problems at the same time.
3. Understand the importance of a business plan and goals: The business plan is the entrepreneur's guide. It includes goals for all aspects of business development: operations, marketing, sales, financial management, customer relations, employee relations, procedures and more. Entrepreneurs also know that the fastest way to move forward is with SMART goals (Specific, Measurable, Attainable, Realistic, Tangible and Time-Bound). "Skillpreneurs, who are typically caught up in the skill phase of their business, have little time to take the "smart" steps and follow the business plan and goals they created.
4. Are willing to delegate: Entrepreneurs know they can only go so far on their own. In fact, entrepreneurs look forward to the day they can hire employees or independent consultants, so they can focus on growing their business. Entrepreneurs also recognize the value in hiring those who possess the skills they lack. "Skillpreneurs," on the other hand, typically believe that by hiring a staff or working with independent contractors, they are giving up control of their business. But by refusing to get help, the only thing "skillpreneurs" give up is their ability to grow their business.
5. Create systems: Entrepreneurs understand the value in creating systems. In fact, the Internet, software programs, and the ability to automate just about every aspect of a business are some of the greatest gifts to entrepreneurs. Entrepreneurs create systems because they know it's crazy to do the same thing over and over again. Because "skillpreneurs" are caught up in the day-to-day tasks of running their business, they go crazy trying to keep up.
Now that you know the difference between an entrepreneur and a "skillpreneur," which one are you?
Copyright � 2007
To learn more about SMART Goals,The Accidental Entrepreneur and to see past issues of Ed Abel's Business Boosting Ezines,go to www.edabel.com
The 5 Practices of Wildly Successful Entrepreneurs by Ed Abel - To learn more about this author, visit Edward Abel's Website.
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It's Time to Face the Truth.
Are you an "Entrepreneur" or a "Skillpreneur"?
Entrepreneurs...
1. Have a vision: Entrepreneurs bring more than skills and experience in a particular field to their business. They have a vision for their product and/or service, and they understand the market it will serve. Their vision includes a mission statement that reflects the purpose, image, and social responsibility of their business. "Skillpreneurs" bring skills and not much else to the table. "Skillpreneurs" follow their business; entrepreneurs lead their business.
2. See the big picture: Entrepreneurs step back to look at the big picture. But "skillpreneurs" are so busy working in their business that they are often blind to the changes in their industry, as well as the growing pains of their own business. The big picture includes dealing with challenges and problems, too. Entrepreneurs are ready to take on the challenges because they expect ups and downs. But "skillpreneurs" often buckle under the stress of challenges because they are serving their clients and trying to solve problems at the same time.
3. Understand the importance of a business plan and goals: The business plan is the entrepreneur's guide. It includes goals for all aspects of business development: operations, marketing, sales, financial management, customer relations, employee relations, procedures and more. Entrepreneurs also know that the fastest way to move forward is with SMART goals (Specific, Measurable, Attainable, Realistic, Tangible and Time-Bound). "Skillpreneurs, who are typically caught up in the skill phase of their business, have little time to take the "smart" steps and follow the business plan and goals they created.
4. Are willing to delegate: Entrepreneurs know they can only go so far on their own. In fact, entrepreneurs look forward to the day they can hire employees or independent consultants, so they can focus on growing their business. Entrepreneurs also recognize the value in hiring those who possess the skills they lack. "Skillpreneurs," on the other hand, typically believe that by hiring a staff or working with independent contractors, they are giving up control of their business. But by refusing to get help, the only thing "skillpreneurs" give up is their ability to grow their business.
5. Create systems: Entrepreneurs understand the value in creating systems. In fact, the Internet, software programs, and the ability to automate just about every aspect of a business are some of the greatest gifts to entrepreneurs. Entrepreneurs create systems because they know it's crazy to do the same thing over and over again. Because "skillpreneurs" are caught up in the day-to-day tasks of running their business, they go crazy trying to keep up.
Now that you know the difference between an entrepreneur and a "skillpreneur," which one are you?
Copyright � 2007
To learn more about SMART Goals,The Accidental Entrepreneur and to see past issues of Ed Abel's Business Boosting Ezines,go to www.edabel.com
The 5 Practices of Wildly Successful Entrepreneurs by Ed Abel - To learn more about this author, visit Edward Abel's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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