THE TEN UNIVERSAL LAWS THAT SHAPES THE ENTREPRENEUR'S EXPERIENCES

THE TEN UNIVERSAL LAWS THAT SHAPES THE ENTREPRENEUR'S

EXPERIENCES

I believe that entrepreneurship is a journey of faith. The entrepreneur is able to look into the future and bring into existence those things that he sees in his mind's eye. The faith it takes to bring that into existence is divine inspired. It is God breathed whether the entrepreneur believes in God or not.

 I also believe that God's covenant of blessing is what motivates entrepreneurs to come up with revolutionary ideas, concepts, products, technological and medical breakthroughs that have catapulted mankind to the apogee of human civilization.

It is advisable, therefore, as an entrepreneur to understand the basic universal law that, God the creator of the universe, has put in place to help nurture, grow and expand our various enterprises and ventures.

Here are the Ten Universal Laws that I believe shape the entrepreneur's future and experiences.

1. The Law of Use - We have been given unique talents and gifts. The more we practice and use the talents and gifts the more proficient we will become. The summary is what we don't use we lose. It does not matter what the gifts that we have. This is a universal law and we have to use it to our advantage.

2. The Law of Reciprocity - This law  I believe touches on the life of the entrepreneur in a profound way. The entrepreneur life is build around service to his customers. "Give and it will be given to you". Because he developed a superior product or has an excellent service, the customers will return the favor.

3. The Law of Abundance - There is an unlimited supply of resources in the world. We are commanded to be fruitful and multiply. The application is that there is an abundance of riches and wealth and it is the responsibility of the entrepreneur to tap into the unlimited supply of resources. The law of abundance says we cannot limit our infinite God.

4. The Law of Expectation - Let me reiterate again that  I believe that entrepreneurship is a journey of faith. The entrepreneur is able to look into the future and bring into existence those things that he sees in his mind's eye. The faith it takes to bring that into existence is divine inspired. It is God breathed whether the entrepreneur believes in God or not. The law of expectation; believing that what you bring into the market place will succeed.

5. The Law of exponential growth - Inherent in the growth of an enterprise is the fact that enterprise could double its income and expansion over a period of time. ..."and in multiplying I will multiply thy seed as the stars of the heaven, and as the sand which is upon the seashore..

6. The Law of fidelity - What is fidelity? The quality or state of being faithful. "Whosoever can be trusted with very little can also be trusted with much". As entrepreneurs when we start an enterprise, we should expect the venture to grow if we manage it well and take responsibility for the success of the enterprise.

7. The Law of Momentum - An unseen force that we conjure up at the start of an enterprise or a venture. It is an essential tool kit of the entrepreneur. When you start a project, it seems like things are stagnant. Let us say you want to get leads  -you have to make calls, set up twitter, face book accounts etc., by doing this you have set a process in motion. You have to continue these fundamentals to get going. And all of a sudden, the embers that you are stroking catches fire. You have to be able to harness the momentum as it propels the growth of the enterprise. "First you build the wave and then you ride it".

8.The Law of creation - As entrepreneurs we create enterprises, build businesses and come up with breakthrough  medical and scientific technologies. It is a universal principle outlined by God, our creator, to create, explore, build, nurture. Imagine what the world would be like if there was no law of creation.

9. The Law of Perseverance - Dripping water hollows out stone, not through force but through persistence.” To arrive at our destination we have to pursue our mission with everything within us. It is within us to be committed, patience and laborious. We are commanded "to keep asking, keep seeking and keep knocking".

10. The Law of Change - Entrepreneurs should be in the forefront of change as the leading risk takers. The typical entrepreneur takes risk to make things happen hence there is always a whirlwind surrounding him. The ability to recognize that change ushers in freshness - the excitement to create the breakthrough technology and advance the frontiers of science is remarkable,. Concrete new businesses that did not exist before is now the footprint of the entrepreneur and he uses it to advance the well being of humanity.

PUSH HARD IN YOUR SMALL BUSINESS - TEN PROVEN WAYS TO MAKE SURE YOUR BUSINESS IS A SUCCESS

PUSH HARD  IN YOUR SMALL BUSINESS - TEN PROVEN WAYS TO MAKE SURE YOUR BUSINESS IS A SUCCESS

"When you work for yourself, you become an innovator or you don't eat". John Marriott

Entrepreneurs and small business owners are always thinking about ways to improve their enterprises. Here are ten ways to consider

1. Diversify your income stream - For example, if you do seminars, you can diversify your income stream through video production, podcast, blog posts, sell e-books, and do consulting.

2. Enhance your cash flow - Favor businesses where you get paid up front. For example, when you design website for people make sure you get paid upfront via pay pal or other pre-paid methods.

3. Avoid business with cyclical or seasonal nature. If you should have such a business make sure you have a different venture to take up the slack. For example, if you run  an income tax return business, you can also provide all year round accounting services to small businesses.

4. Master social media - use it to attract additional leads and eventual clients and customers. You can use it to spread the word about your enterprise.

5.Learn to connect with the community and network with like-minded people.

6.Learn to nurture your assets and build them - you later use your assets as leverage

7. Become Thrifty - would enable you to be profitable quickly

8. Your spiritual condition is important - you have to be emotionally, physically, mentally fit for the endurance

9. Take time  - rest and enjoy your life - Of course life is stressful, but if you incorporate the spiritual dimension into your schedule you will be fine.

10. Enjoy the ride - that is the only way to succeed. It is possible that there might be failure, but chalk it to temporary setback.

THE POWER OF PRIME TIME : 5 WAYS TO IMPROVE YOUR PRODUCTIVITY

THE POWER OF PRIME TIME : 5 WAYS TO IMPROVE YOUR PRODUCTIVITY

 I believe that we should be able to double our productivity and have time to start our businesses or engage in any other ventures of our choice if we are able to use the prime time effectively.

What is prime time? Prime time is the period between 6:00 pm - 10:00 pm during which the networks charges a lot of money to the advertisers because of viewership. Most people are glued to prime time because the TV networks knows that their various shows will attract a lot of viewership. Why don't you use the prime time to advance your interest.

I believe that there will be an exponential growth in all areas of our lives if we limit the time we allocate watching people advancing their careers and concentrate on our own interests and ventures.

Here are five ideas to consider:

1. Use the prime time to think about starting a business. Somebody once said" profits are better than wages. Wages will make you a living, profits can make you a fortune" As entrepreneurs we should always be thinking about how to nurture, grow, or improve an enterprise.

2. Use prime time to learn a skill or improve a skill. It is the time to take a course at one of these colleges continuing education departments to advance your skill.

3. To function at peak mental ability, you need to feel good and have strong physical endurance. Prime time will be the hour to take up some kind of physical exercise  or just take a walk

4. In these days that we hardly have time for reading. Prime time will be a good time  to take up reading which has become a lost cause.  We can borrow books from the library and catch up with the latest fiction and non-fiction books.

5. You can use your prime-time to advance a course you care about. You can volunteer for a cause - write letters to advance a course. Network with people with similar interests. Above all let your prime time be productive and you would have increased your potential.

THE TEN ENTREPRENEUR TOOL KIT FOR SUCCESS

THE TEN ENTREPRENEUR TOOL KIT FOR SUCCESS

Formal education will make you a living; self-education will make you a fortune. Jim Rohn

I believe that entrepreneurship is more a journey of faith than anything else. As an entrepreneur  you are preparing to think, conceive and birth an idea. You nurture  and grow the idea and believe that it is going to succeed in the future. As an entrepreneur we have a lot more going for us than we can  imagine. We can look at our natural environment and believe that we have nothing, but the intangible things we possess is real.

I believe that there are two kinds of wealth:

A. The visible  wealth

B. The Invisible wealth

The visible wealth  - is what we see around us , money, possessions,, building, building, equipment, machinery, inventories etc.

The invisible wealth - is what sometimes we discount - Time, relationships, position, knowledge, reputation, intelligence, religion, philosophy, experience, education, ideas, heritage, talents, discipline, habits etc.

These invisible wealth are as important as the visible wealth. It is crucial that we view them as purposeful to accomplish our goals.

Here are the ten entrepreneurial took kits that are essential for the success of the entrepreneur.

1. Your mind - given to you at birth free and clear of any obligation

2. Good health - we take it for granted, but what  can we accomplish without it?

3. God given talents - you have some talents that are uniquely yours - use them to accomplish your goals

4. Honesty and integrity - you increase your chances of success by operating in integrity and honesty

5. Your loved ones - don't take them for granted - try to involve them in your enterprise

6. You can see, hear, touch, smell, feel - your senses are functioning - be gratefull

7. You have network and connections - you can use them strategically to get the word about your enterprise

8. You can build momentum - momentum is an intangible asset, but it is very crucial to success - it is an

 unseen force that we conjure up at the start of an enterprise that we nurture and grow. We have to continue to harness the momentum as it propels us to new heights. As somebody said "first build your wave and ride it"

9. A prosperous nation - Live in one of the most prosperous nation on earth with everything else that goes with it

10. A free  enterprise system - A thriving and a dynamic free enterprise system the world have ever  conceived

TEN REASONS WHY I HATE LOOKING FOR A JOB

TEN REASONS WHY I HATE LOOKING FOR A JOB

“Take risks: if you win, you will be happy; if you lose, you will be wise.” –Author Unknown

Ever since I can remember I have always tried to have my own business and not depend on the paternal corporation for my existence. But occasionally my business might slow down and I would try to see if I can get a traditional job. But the process of looking for that job and all the processes that you have to go through is sickening and just puts me off. Everybody is acting and being phony. From the onset they know they are not going to hire you, but let you play all that silly games.

Now reason with me. I have a talent, I am educated and have the experience that is required for a company. Why does it have to come across like the one who is interviewing me is superior to me?. Why does the interviewer come across like I should beg for that job.  I think the whole job seeking process needs to be overhauled. We are living in the 21st century and job seeking is still one of the areas that it seems like we are living in the dark ages.

Let me give my 10 reasons why I hate looking for a job:

1. The Resume - suppose to be a summary of your educational background, your experience. But no - you are supposed to include some buzz words so that you can impress the HR people. Because of this there is a cottage industry teaching people how to use those fake buzz words - Here is what I mean

"Assembled a team of five auditors that conducted a Sarbanes Oxley audit of financial operations in less than three weeks.

Eliminated nearly $5 million in operating expenses by consolidating IT contracts under one vendor.

Launched several new product extensions and offerings, resulting in an increase in sales revenue of nearly $15 million over a five year timeline".

Here are some buzz words we are supposed to use: Accomplished, achieved, acquired, adapted, addressed, administered, advised, allocated, analyzed, applied, appointed, appraised, approved, arbitrated, assembled, assessed, assigned, assumed, assured, audited, authored, awarded

2. The long application process - You spend the whole day completing the tedious and long application process - asking you all those silly questions; you submit the application and nobody even bothers to acknowledge your application. I believe that companies don't value your time  and treat you like nothing. If they were really serious somebody from that department will call or email to acknowledge and schedule a follow up or eliminate you from consideration. This is just courtesy human behavior.

3. The Interviewing process - Everybody knows it is a fake interviewing process - the candidate is supposed to answer the questions with canned answers and whosoever is able to perform and lie their way through is able to impress the interviewer gets the job. What a joke? There are people who are good performers and are able to lie their way to good jobs. It happens all the time. Forget about it if you happen to be a foreigner and have an accent!!

4.  The background check - Yes it is all right to do a back ground check. But the wait and unresponsiveness from the companies does not make sense.

5. The second interview process  - where they don't even let you know that you are competing for the job with other candidates so that they can tell you immediately that they will not hire you. I don't know why they HR people will take their sweet time to inform you the results when they know  from the  beginning that they were not going to hire you.

6. Minimum wage - jobs are also requiring resume!!!

7. Temporary Agencies - are the worse culprit in the hiring process -  they let you take all these aptitude test, and all kinds of examinations that have nothing to do with your skill and knowledge as it relates to the job you are applying.  For example, your job as a word process was eliminated after working 21 years for a company. Why do you have to go through all the hoops to starting working. I have experience, honesty, integrity, dependability etc., Why do I need to go through the whole laborious process again.

8. After all the process - the silly application process - the fake interviews - then you receive a rejection letter that make you feel like a failure. Another thing is they let you float in the sky before they email or sent you that stupid form letter rejecting your candidacy.

9. Travelling to interviews - I believe that people looking for jobs  should be paid when they attend interviews for their transportation expenses

10. Salary - Companies ask about your salary requirements, but I know they know what they are going to offer. Just come up with a range of salary and negotiate a reasonable salary that both of you can live with.

The following sums it all up:

"Hello. Are you looking for a job within our company? Well we do have an opening for an IT professional. The requirements? At least five years of experience, references, a resume, cover letter, proper degree and education. Oh we also need your address, phone number, social security number, age, sex, ethnicity, race, religion, etc. The pay is minimum wage. Why you ask? Well, we are a business and we need to make sure we are running at full capacity and making as much as possible. How else do you think America is still the number one country in the world? We, the corporations, have been keeping it alive since the days of Rockefeller. Through thick and thin we have exploited all possible loopholes to make this country shine. If you feel that this company is right for you, please fill out the online application with all of your personal information. We will contact you if we find that you are a good fit in our business, no promises though. I do hope you have a great day in our great country".

WHY BE A MILLIONAIRE .... REALLY..

WHY BE A MILLIONAIRE .... REALLY..

When I was young I always dreamed about being a millionaire -  I also used to tell my kids to call me "my millionaire dad". I am still striving to be a millionaire, although a lot of the deals that I have been working on over the years have not panned out. I was just thinking the other day, when I come into my millions what am I going to do will all that money: I know what to do - bequeath it to my wife and kids etc.

As we all know the word millionaire conjures up such images in our minds that it is just unfathomable . The mention of the word brings images of luxury, expensive cars and yacht, the mansion, the custom designed and gold plated everything. But is that what being a millionaire is all about?

The myth is that a millionaire has his millions ready in cash stacked and piled somewhere ready to be squandered at any moment. This is further from the truth, especially if he is a working millionaire. In the case of a businessman who is a millionaire, it is possible that he might have very little in liquid cash. He might have a huge obligation in case of his monthly expenses.

The millionaire businessman might have:

1. A payroll he has to meet every month

2. Building, equipment and machinery - His wealth might be tied up in these

3. Finished products and inventories

4. Tax obligation

5. A foundation that he supports

In the case of such a situation, the millionaire's cash might be just a fraction of his total net worth. We have to understand this before we aspire to be millionaires.

Let me distinguish between the high income millionaire (like movies stars, entertainers and sports personalities), they might have their income tied to performances, however their monies might be available for their luxuries. But for the working millionaire it is a different story. It is possible for him to go to the bank and borrow money to get his enterprise going or to expand his venture. In short he uses his money as capital, investing, and reinvesting to create businesses and jobs, produce goods and services for the expansion of the economy.

Most people do not need to be millionaires. Start with what you want out of life. May be a home, a nice car, an educational fund for your kids, and funding for your retirement. Work backwards with the numbers and determine what you need to live comfortably. The reason is that you it requires disciple and diligence to manage  money.  As a very wealthy man said "Believe me, wealth is something with which one has to learn to live with - and the task is not always as simple as might be imagined."

WHAT REASONS DO YOU GIVE FOR NOT STARTING YOUR OWN BUSINESS?

WHAT REASONS DO YOU GIVE FOR NOT STARTING YOUR OWN BUSINESS?

As I look at the current economic environment, I can say with a measure of certainty that the unemployment and underemployment rate at the current level will be the new normal. I would like to state further that result is not the fault of the politicians or the so-called elite in Washington and the government who don't really care about the middle class anyway.

The fact is that big business have figured out that they can be more efficient with less ; with innovations, technological breakthroughs and outsourcing changing the economic landscape you better figure out a way to survive and thrive in the new economy other than depending on the paternal corporation.

Having said that I know you still have excuses that you advance for not starting your own hustle. 

Let me help you; here they are;

1. I am not an entrepreneur - not everyone is an entrepreneur

2. I don't have any money

3. I am too old to start my own business

4. I am too young to start my own business

5. I am secured in my current job

6. People will look down on me

7. I don't have the technical skills

8. I don't know too much about social media

9. I tried it once and I failed

10. I don't have the time

11. Who is going to be working for the corporation?

12. I have college loans to pay

13.I have a wife and kids

14. My friends will laugh at me

15. My family will not understand

16. I don't have the discipline

17. I am used to the corporate life-style

18. People will think I have lost my mind

19. I don't think that is my destiny

20. I know a lot of people who started their businesses and I did not work out

21. I have bills to pay