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Putting Savvy Before Necessity by Jay Kubassek

Written by: Jay Kubassek

Article Overview: When put to the test, people are endlessly adaptive, inventive, cunning and resilient. These are some of the qualities that have helped us survive eons of changing, challenging conditions to emerge as the dominant species on the planet.

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Putting Savvy Before Necessity by Jay Kubassek

When put to the test, people are endlessly adaptive, inventive, cunning and resilient. These are some of the qualities that have helped us survive eons of changing, challenging conditions to emerge as the dominant species on the planet.

We share many of these qualities with other creatures. I recently read about a chimp in an outdoor zoo that doesn’t like being gawked at, so overnight he gathers piles of rocks and places them, strategically, around his pen to hurl at visitors when they arrive. Luckily, chimps only know how to throw underhand.

There’s an extra quality that humans have. Call it savvy. If the chimp had it, he might build a pile of rocks big enough to climb out of his predicament. Which brings me to the predicament we all find ourselves in, one way or another: the recession.

According to a New York Times article, economists who have tracked trends in previous recessions found that when the economy turns down and jobs disappear, more entrepreneurial businesses spring up. In other words, when people are forced to stop working for someone else, they figure out how to make money for themselves.

The ability to reinvent ourselves is in each of us. It’s part of human nature. But why wait until you are forced to dig deep before you find the motivation to become an entrepreneur? Why not be proactive? Why not gather some rocks ahead of time and work toward building a castle where you can live happily ever after?

You are probably familiar with the expression “The best time to look for a job is when you already have one.” Well, that’s also a good time to launch your own business. When there’s no pressure. But if you are out of a job, don’t despair. It’s always a good time to become an entrepreneur.

The Internet has created countless opportunities for “virtual” businesses, particularly over the last five years with so many people shopping, meeting and communicating online – the mass embrace of Web 2.0 social media. There are literally millions of business opportunities online if you know where to look and how to develop them…or if you simply connect with someone who can show you the ropes.

The Internet has become a multi-purpose business tool that brings individual entrepreneurs together with entire common-interest communities to provide vast resources for business leads and clients, connections to partners, suppliers, product delivery systems, support networks and on-demand, quality training from successful professionals. Why go through the pains of starting a brick-and-mortar business, complete with overhead costs, employee headaches, etc.? You can find a way to turn your passion into a business – without searching for a job that ultimately may or may not do it for you – by using the power of the Internet and social media.

Don’t worry if you can’t identify a passion as the basis for your business. There are so many options out there. And you can let your entrepreneurial drive be your passion.

I’ve talked with so many people who have lost a job (unfortunately), and one of the most frequent comments I hear from them is that when you lose a job you also lose a ready-made social network. To prevent isolation from setting in, one of the ways people stay connected with the world and with each other is through the Internet. What I have discovered (and helped to create) is a network of committed entrepreneurs. Each of them knows that by helping him or herself they help each other.

Before the recession affects us any more than it already has, let savvy, rather than necessity, be the mother of invention. Let’s see how many small businesses that we, as entrepreneurs, can build, and how quickly we can climb out of this predicament.

Visit Jay's Blog: www.JayKubassek.com

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Article Tags: best time, chimp, chimps, countless opportunities, despair, dominant species, economists, entrepreneurial businesses, eons, gawked, good time, human nature, new york times, own business, piles, predicament, recession, recessions, virtual businesses, york times article

About the Author: Jay Kubassek
RSS for Jay's articles - Visit Jay's website

(Jay's Full Bio: EvanCarmichael.com/jaykubassek)  

In six short years, Canadian entrepreneur Jay Kubassek went from working on a farm to selling mufflers at a Kansas City Midas shop to revolutionizing home-based entrepreneurialism with the 2004 launch of his Internet-based education company CarbonCopyPRO and the PRO family of companies.

With little more than an 8th grade education and no start-up capital, the odds were stacked against him. But Jay has proven that business success and financial freedom can be achieved by virtually anyone who wants it badly enough, provided they are willing to earn it and the entrepreneurial spark is still there.

Visit Jay's official website: www.JayKubassek.com



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Putting Savvy Before Necessity by Jay Kubassek


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What is your hit ratio? What is your hit ratio? - Like most entrepreneurs I have more ideas for where I want to take my business than I can handle. I believe in the "fail early, fail often" philosophy and try to find small ways to get started on a project to see if it has any legs. I would estimate that for every 50 things I try, most of them don't have an impact for me, 10 of them have a slightly positive impact, and 1 hits it really big. Some of my big wins over the past few years have been: * Learning the ins and outs of search engine optimization to drive traffic * Putting up and optimizing Google AdSense ads to monetize the website * Deciding to be the leader in profiling famous entrepreneurs online * Recruiting outside authors to help contribute to the website content (now have over 25,000 pages) * Creating the entrepreneur forums * Bringing on staff to help cope with the daily amount of work required to keep things running smoothly What is your hit ratio and some of your big wins?
Re: Q3 Triple Crown Winners! Re: Q3 Triple Crown Winners! - [quote="GT Bulmer":1i3lqoir]Have you noticed how Jay Kubassek ALWAYS leads the Triple Crown Contest in the "Referred Articles" category? Have you ever wondered how he does it? Well, you really aught to check his EvanCarmichael.com profile. I think you might be amazed and definitely inspired![/quote:1i3lqoir] I never realized he was the CCPro guy. I was a member of that for a while. He does have a very inspiring bio!
Using your home for collateral is one thing, but... Using your home for collateral is one thing, but... - Putting up your home for collateral is one thing, but utilizing the equity in it to finance a business is a whole other ball game and could be damaging in the long run. Do you know that if you completely finance your business with home equity instead of a busienss loan you will not be able to obtain a working capital loan later down the road? should you run into some financial troubles or wish to expand or remodel with working capital loan, you won't be able to get it if you finaced by personal means. It's always best to build a track record with a lender for future use and it's always better to be in business debt rather than personal debt. I always say: "You wouldn't hire a Plumber to do the Electrical in your home, so why would you finance a business using your home equity? Equity loans are for your home, business loans are for your business. You may however, utilize some of the equity in your home for loan down payment (depending upon your qualifications) and we can help determine whether that would be more helpful or damaging to your loan by pre-qualifying you for free. when using your home for collateral, it doesn't necessarily mean you will lose your home (in the event you cannot pay your loan payments). Lenders are always willing to work with you once you have a loan with them and they have already taken on the risk. they typically only utilize what they lien if nothing else can be resoloved (so it's basically a last resort) to go after what they lien.
Re: What is your hit ratio? Re: What is your hit ratio? - [quote="Evan":2jfsvw6z]Like most entrepreneurs I have more ideas for where I want to take my business than I can handle. I believe in the "fail early, fail often" philosophy and try to find small ways to get started on a project to see if it has any legs. I would estimate that for every 50 things I try, most of them don't have an impact for me, 10 of them have a slightly positive impact, and 1 hits it really big. Some of my big wins over the past few years have been: * Learning the ins and outs of search engine optimization to drive traffic * Putting up and optimizing Google AdSense ads to monetize the website * Deciding to be the leader in profiling famous entrepreneurs online * Recruiting outside authors to help contribute to the website content (now have over 25,000 pages) * Creating the entrepreneur forums * Bringing on staff to help cope with the daily amount of work required to keep things running smoothly What is your hit ratio and some of your big wins?[/quote:2jfsvw6z] That's pretty impressive Evan! When I was younger it was probably 1/5 things i would try would work out. I would come up with 100 different ideas but only act on some of them. My biggest issue was not following all the way through, or having to much going on at one time. I read a quote today that fits with this idea. “A minute's success pays the failure of years.” - Robert Browning


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