Expand Your Resourcefullness!
The success and failure for the entrepreneur is largely dictated by the ability to gain access to resources, both personal as well as those of others.
So the big question is then 'how does one become more resourceful?' Like many of the skills of the entrepreneur, resourcefulness requires constant cultivation. However, if you can develop this one skill the payoff will greatly exceed the cost!
Below are 4 simple strategies you can put into practice to increase your resourcefulness;
1. Manage Your State.
The best way to gain access to an increased level of personal resources is by managing your state of mind and being. If you are feeling lousy, chances are the internal resources that you are able to tap into are going to be pretty lousy as well. If you are in good physical condition, well rested, fed and hydrated, your ability to push yourself towards the destiny you desire vastly increases.
Develop awareness around what pushes you into both productive and unproductive states. Then if you really want to be more resourceful, make the simple decision to do more of the things that inspire your productivity and less of the things that don't. One of the disciplines I personally follow, is exercising first thing in the morning before I do anything else. If I miss a day, the difference in my energy levels and consequently my resourcefulness is profound.
2. Seek Out Expert Resources.
Your ability to succeed in business is largely influenced by your ability to gain access to expert knowledge. The secret here is that you don't actually have to be the one that has that knowledge! You just need to be able to know when and where to find it.
Make a habit out of leveraging the experience and expertise of others. Meet with these people in person or access their knowledge through their books, CDs/DVDs, coaching programs and workshops if they offer them. You'll be amazed at the transformational effect it can have on your business.
3. Develop Relationships with Connectors.
Connectors are the very special people who seem to know everyone and who are described at length in Malcolm Gladwell's groundbreaking book 'The Tipping Point'. Chances are if you are experiencing any form of business challenge a connector will be able to put you in touch with someone who can help you. Connectors are resourceful purely due to their ability to tap into the resourcefulness of others. Their desire and willingness to share their resources can often have a profound impact upon the resourcefulness of those around them.
4. Share Your Resources.
If you want to gain access to the expert resources of others you have to be known as someone who actively shares their expertise, knowledge and resources. Remember that you are not in a school playground anymore. There are no prizes for keeping your toys to yourself!
If you are looking to develop an abundant existence through business, become someone who solves other people's problems. Brainstorm ways you can continually increase the number of people you impact in this world, charge a fair price and then watch your business take off!
The true benefit of resourcefulness
When you are fully engaging your resourcefulness and actively engaging the resources of others, you will become a magnet of opportunity. People, projects and funding will increasingly gravitate towards you and before you know it, your business aspirations will start to manifest!
Copyright Damien Senn 2005. All rights reserved.
Damien Senn helps entrepreneurs create compelling businesses. He is one of the UK's top Business Coaches as well as a fully qualified Chartered Accountant.
Damien is the author of the 'Senn-Sational Success Journal' and has developed his own coaching model called the 'Senn-Sational Success System'.
For your FREE download '101 things to do before you die' please click the following link: http://www.senn-sational.com/freeresources.htm
Do You Have What It Takes To Be An Entrepreneur?
Q: I am interested in starting my own business. I have a business degree and lots of experience in my chosen field, but I don't know if I have the necessary skills to really make it on my own. Any advice? Marie C.
Needs Versus Wants For Entrepreneurs
How often do the words "I need" come out of your mouth, as it relates to your business? When you run your own company, it's easy to think that the only way to succeed is to be moving forward with your expenses -- the newest technology, a broader circle of professionals providing you services, involvement in more and more costly marketing efforts, etc. And it's particularly difficult to resist the urge when you know you can generally take a tax DEDUCTION for any business expenses. But did you ever stop to think how many of those requests are actually needs, and how many are simply wants?
Can a Microbusiness Help You Enjoy a Better Retirement?
Not having enough money for a comfortable retirement tops the list of financial concerns among aging Americans, according to a recent Gallup Poll. It even outweighs peoples' worries about having a serious illness or accident.
The Perfect Little Coffee Shop: Are You Afraid of Failure? Are You Letting that Failure Cripple You
Ah, coffee, the drink of choice when I want to share a special moment with friends, when I want to sit and ponder life or when I want a moment alone. I am an avid coffee drinker. I love coffee and I love the atmosphere of a good coffee house, a café.
A Secret To Extraordinary Accomplishments
I sat watching a documentary on U.S. Navy SEAL Team Training on the local exercise channel. It showed young men, mostly in their early 20's, enduring grueling ocean swims in near-freezing water. It showed these same young men forced to swim underwater (holding their breaths) until a major percentage of them passed out and had to be rescued by their instructors. It showed weeks of grueling training in which ordinary men are transformed into incredible machines with wills of steel and unshakable discipline.
Drive Website Traffic Unconventionally, Force Your Children To Do It
If you believe that every little bit helps then keep reading...
Can You Make Money Without Money?
When I ask why you don't start your own business, I always hear, "I don't have money to start a business."
Part-Time/In-Home Business - Low Expense and Low Risk
As a first time entrepreneur, there are a variety of franchises, dealerships, distributorships, and licensing opportunities available for purchase. Many of these you can start by working part-time from your home. In doing so, you save thousands of dollars in start up and operating costs, while at the same time reducing your overall risk.
Outcomes - Thats What You Need to Focus On
Successful business owners and managers need to be very clear about what outcomes they want. Whether you call them goals, objectives or targets, these are the factors that you're ultimately judged on. Outcomes determine whether your business is a success or a failure.
Start a Business Selling Government Surplus
Did you ever wonder what happens to all that government equipment that is purchased each year by federal, state, and local governments? They don't just throw it away! By law, all unused and out-dated equipment must be sold back to the public at a public auction! That's right. Everything is available to you and I the American taxpayer. There are primarily two ways that the government does this: on- site auctions or online auctions.
If It Was Easy Everybody Would Do It
Q: I started my business about a year ago and everything is going fine. We're growing and making a profit, but the stress of running the business is really starting to get to me. I spend more time worrying than working. Sometimes the pressure is almost more than I can take. I'm starting to think that I'm not cut out to run my own business. Do you have any advice that might help me decide what to do? -- Steven S.
Customers - Why Should They Buy From You?
There are a whole range of reasons why customers buy a product or service. They usually buy to solve either real or perceived problems. They want to move away from pain and towards pleasure. They want to feel better after having made the decision to buy a product or service than they did before.
Developing A Contract
As a service provider, the most important type of "boundary" you can set as a business owner involves those policies and procedures that govern how you interact with your clients. The more precise you can be about the services you provide, your fee structure, and what you expect from your clients, the smoother your work relationships will be. And the most effective way to make sure that each party involved understands these policies -- and that there is no confusion -- is to have each client read and sign a written contract.
The Ideal Length of Your Business Plan
How long should a business plan be? A business plan needs to be whatever length is required to excite the investor, prove that management truly understands the market, and detail the execution strategy. From surveys of investor needs, Growthink has found that 15 to 25 pages of text is the optimum length in which to accomplish this. Any more and the time-constrained investor will be forced to skim certain sections of the plan, even if they are generally interested, which could lead them to miss essential elements. Any less and the investor will think that the business has not been fully thought through, or will simply not have enough information to make an investment decision.
Preparing to Outsource
It's important to understand when to add individuals to your business model. Adding a new team member should be an easy transition - that's where organization comes in. Clearly defined processes such as workflow, workspace, filing system, and other key functions in the business should be identified. Structure is one of the most overlooked aspects of business success ? especially time management and documentation structures.
Financial Strategies for Transitioning from Salaried to Solo
7 Financial Strategies for Transitioning from Salaried to Solo
Youth Entrepreneurship, A Disappointing Truth
The psychology of entrepreneurship can be very rewarding to one who dreams of starting their own business. The freedom of being your own boss has billions of people seeking financial independence and other entrepreneurial expectations. But is entrepreneurship for everyone? Are their any restrictions on who can become entrepreneurs? Sadly, the answer is yes. Many people turn their heads when it comes to assisting young people with business projects, they believe age plays a vital part on the success of an entrepreneur, this in some cases causes the entrepreneur to abandon their dream.
Identifying the Right Venture Capital Firm Partner
Venture capital firms are comprised of individual partners. These partners make investment decisions and typically take a seat on each portfolio company's Board. Partners tend to invest in what they know, so finding a partner that has past work experience in your industry is very helpful. This relevant experience allows them to more fully understand your venture's value proposition and gives them confidence that they can add value, thus encouraging them to invest.
Territory Limitations Policies for Franchised Companies
All franchised companies must have Territory Limitations to maintain the peace within their systems. Often the unspoken ethics of territory limitations are blurred with mobile, home based or online franchise companies. Territory limitations in fixed site franchises are fairly cut and dry. There is your store, no other stores will be placed in the surrounding area delineated on this map within your franchise agreement. Generally things run pretty smoothly in this case. However as co-branding methods, partnerships and online sales increase as consumer demand for the brand increases we often see the franchised companies embattled in encroachment lawsuits in an already litigious industry.
Lessons Learned from Successful Entrepreneurs
Entrepreneurs are a special breed of high achievers. They create things, get things started: businesses, clubs, churches, associations, even nations. Their motivations vary. Not all want to be rich. Not all want to produce a Fortune 500 company. Some are motivated by pleasure or civic pride or the desire for fame. Mary Madden, president of Information America, told me she and Burton Goldstein started their company because it gave them freedom and flexibility.
|home | site map|