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Internal Motivation The Entrepreneur

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It always amazes me, looking back on my career as an entrepreneur, that I did my worst work when I was at the top of my game. That’s right; I also preformed my best when I was at my lowest. I used to think that I was just lazy when I was comfortable and my needs were being met, but the day came that I realized that this was the source of power and success.

If business was booming and resources were in abundance, I lost all desire to achieve. For the longest time I thought that only under desperation could I find creativity and motivation. If you took away all my money and locked me inside of a cockroach-infested, apartment, with nothing more than a cell phone, computer, Internet access, and 27 cans of beef stew without a can opener, you would be absolutely amazed at what I can get done. I would figure out how to open the cans of food with my cell phone, and within 8 days, deposits would start appearing in my PayPal account. I always figured this was simply my survival mechanism kicking in. As it turned out, I was neither lazy nor motivated by primitive survival instincts. It is actually a personality trait that few have and even fewer understand… including most of the people who have it.

This isn’t about being able to get stuff done when times are tough. I will spare you that speech, because lots of people have written about that one already. What I am talking about is where a person gets their motivation from. Is it generated from internally or externally? That is the million dollar question. A true entrepreneur is motivated from internal validation.

A normal person is motivated by externally. Most people without resources have nothing to draw validation from and they cannot get excited enough to accomplish starting a business. They cannot find the motivation to figure out how to build something out of nothing. Give that person a large office, nice business cards, and an important title and they tend to get to work and behave in a way that matches all that external validation. The biggest problem occurs when that external validation is given to them, rather than earned by them. They then boss people around without actually knowing what they are talking about. Under that poor guidance, the business will fall apart. This is why an average person fails at starting a business. They either can’t find the motivation to start from scratch or, if they get lucky and have some resources fall into their lap, they never learn how to build resources, which is what entrepreneurship is all about. The most common thing I see when non-entrepreneurs try to start companies is that money gets squandered to buy stuff that gives them external validation. These are the people who go bankrupt paying for huge office space that they do not need. The only thing they succeed at is building nothing out of something as they exhaust their resources without building mechanisms for profit. The funniest thing to me is that as the business fails, all of their external validation starts to disappear and with it their power at the very time they need it most. Their need for external validation guarantees their failure.

Then there exists a rare breed, the entrepreneur. This is the kind of person who truly can build something out of nothing. The entrepreneur gets his motivation from internal validation. It makes no difference to his self value if he is running things from a one-room apartment or the top floor of a skyscraper. He will be called arrogant and egotistical because he sees his value only inside of himself; he considers his circumstances and assets irrelevant. He believes that he has the power to create money out of nothing and his motivation for success is showing that belief to be true. For him, it’s not what he has; it is what he can do, and once that is done, he can have anything.

Now that you understand that how a true entrepreneur is motivated, I will explain what people see as laziness, loss of interest, and lack of motivation once their businesses get going. The entrepreneur gets excited about being able to do what more than 99% of the people on this planet cannot do, create something out of nothing. True entrepreneurs lose interest when the process turns into building something out of something because they see that as a goal anyone could accomplish, so it doesn’t feed their ego in the same way. They are excited by being able to do what others cannot. The true entrepreneur is a fire starter. After things get going, they pass operations off to the management they put in place and leave to start yet another business. And the best part is that they start that new business with nothing. They understand the power in doing this and know that the man who needs “no thing” has “no thing” holding him back. He gets his validation internally. That internal validation gets satisfaction from being able to create things out of “no thing” – that is the magic! That is the real entrepreneur at work.

Consider for a moment that the game of life is won not by getting more, but by being more. Focus on being more and you will see that making silly amounts of money and dating ridiculously attractive women comes easy. Click on the web link below for my free eBook Domination Basics and start learning how right now.

Quentin Townsend – Basketball Champion To Entrepreneur

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Some People are said to be born for doing something special in their life and Quentin Townsend is one of them. As a person, he is regarded to be larger than life character and exercises a huge amount of energy in his work. He has not only achieved his dream, but is living it everyday.

History
Townsend is about six feet and 8 inches tall and studied in the Central State University and was well known for his basketball skills. He loved the game and actively participated in it throughout his school and college days. His height and talent for playing made him a popular basketball player. Although he knew he was a good player, he had set a different goal for himself.

Dream To Reality
From the age of 28, Quentin Townsend started his journey of becoming a successful entrepreneur. In the year 2003, he along with his wife and future Atlanta vision associate, Akilah Townsend, achieved great success as Realtor business persons in Romeoville, Ill. He also launched a number of nonprofit programs for the benefit of teenage girls, who suffered from over weight problems. The program teaches the obese girls about healthy habits of eating.

In the year 2004, his dream came to reality, when he bought the Atlanta American Basketball Organization. It was a big step for him and within 3 months he managed to change the whole outlook of the team, starting from management to players. It was a progressive action and later on he changed the name of the organization to Atlanta Vision. He has a strong personality and a lot of positive energy. According to a number of his well-wishers, he has a great driving force for work and basketball and this specific trait has helped him in establishing Atlanta Vision.

By doing his work, Townsend is living his dream of being an entrepreneur. Besides that, he is also enjoying basketball, which has been his favorite sport since childhood. He has played a number of matches in the past. Quentin Townsend is well known for his kind nature. He has donated money personally to a number of schools and charitable associations and has sometimes raised funds by making his team play for the schools. He always encourages school students to participate in basketball game and has helped a number of schools for establishing a good basketball ground in their infrastructure.

Advantages Of Using Promos In Your Business

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Promos are considered one of the most effective and cheapest means for marketing. Corporate gifts or promos are not very expensive and can be less than a dollar as well. According to the reports of an Advertising Specialty Industry, around 56% of people keep the promos, while 58% of the people remember name of the company printed on the promos. Promos are cost-effective means of advertising brand image of your business. This article discusses about some useful tips on how you can make the most of promos for a campaign.

You should be aware of the wants and desires of your prospective clients:

Promos that you use must be market driven. It is very important customers appreciate the promos that you give out; as this will help you increase your customer base. Therefore, what you can do is, make the promotional products the way your clients expect them to be. You will have to spend time conducting research, when it comes to determining the right promos.

You must be very cautious all through the process, because business organizations have the tendency of losing their core message in their attempt to target niche audiences. Your brand identity must be clearly expressed in advertising merchandise so that people wont have any problem getting the message you want to promote.

Remember less is more:

You should keep in mind the concept of less is more while designing promos for marketing. You should keep the text and color to the minimum to attract attention of prospective clients. Too many colors and words tend to make the promos look messy and chaotic. There is amazing elegance in simplicity and this helps you effectively project your business message to your clients. Untidy presentation shows lack of professionalism and leaves behind a negative image in minds of the clients.

Many consider bargaining or haggling a desperate act in business. It is actually a business negotiation process that a wise entrepreneur does to cut down the overall cost. Once you are aware of the basic negotiation skills, you will be able to save substantial amount of money.

Some of the commonly used promos include T-shirts, pens, gym bags, mugs, and other useful pieces of merchandise. Targeted promos for your customers generate more sales and help attract attention of clients to your site. Make sure to give out good quality freebies, as your company image will crumble down when you offer cheap promos.

Using promos for marketing is one of the most affordable means to increase your profit margins and improve your business. So, keep in mind the three useful abovementioned pointers and create a brand image of your business with promos or promotional gifts. You will be amazed to take your business products and services to an altogether new height with such promotional items.

How to Bring Your Any Startup Business Important Conferencing

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Any entrepreneur can tell you the importance forging good bonds with one’s clients is to growing a company up from the bottom up. When trying to build a startup company a reliable one, the skilled entrepreneur knows how important the integration of human capital is to the future of his business and he must do his best to benefit from it. In earlier years, business deals were made behind the closed doors of social clubs, at gaudy dinners or on the fairway green, but with the increasing globalization we’ve experienced in the past decades, it has become increasingly of a bother and unbearably more costly to meet in person.

Pushing one’s way through the constant cold calls to try to bring your company’s message to the ears of a decision maker is strenuous enough, but it pales in comparison to trying to gain his or her trust so you can make the sale. The fact that you have cold called your prospect, combined with the fact that your firm is a startup and he’s most likely never heard of you, really put you at a disadvantage. Your best choice is to find out how to go back to the basics by generating more chances to transform your phone presentation into an face to face live meeting. Fortunately for you ,you make this happen pretty cheaply with out having to travel long distances to make the deals your business requires to be successful. It’s called web conferencing.ng.

Web conferencing is the ideal way for the entrepreneur to level the competition when competing with his more established competition. By using the ability to interact in an interactive manner by way ofthrough shared computer screens, virtual whiteboards, video chat and much more, one can bring a bit of personality to a presentation by doing so face to face. Astonishingly, web conferencing services can really provide you a live meeting feel without the hassle of travel and the unneeded costs you’d otherwise have to bear. There are many super high priced solutions out there for small businesses that charge high monthly fees, but there are a few affordable companies such as Web Conferencing Central that are competitive and a great deal more cost effective.

The key to being successful when trying to use these types of web conferencing software solutions is to truly use all the benefits the software offers. The more benefits a person tries to use to make online presentations more exciting and interesting, the better. Take full advantage of this very personal and very visual medium to be certain that when you are done talking to your prospect, he leaves, not only with a deep understanding of what you have to offer, but of the kind of person with whom he’s doing business as well Be sure to take the effort to painstakingly walk the customer through your offerings while clearly outlining the features of doing business with you. This way you will make sure that at the end of your meeting, your client won’t see you as yet another faceless startup entrepreneur, but as a person with whom he can build a long lasting business partnership.

I am an authority on all things telecom and business. I am happy to help anyone with information on these subjects.

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Top Startup Tips By International Entrepreneur, David Cleevely

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Chairman of the world-leading Cambridge Wireless network and an adviser to successive UK governments, Dr Cleevely helped revolutionise broadband delivery in Cambridge. He founded telecoms consultancy Analysys in 1985 and has founded many other influential technology businesses including 3WayNetworks, Abcam and spectrum monitoring company CRFS. He was a co-founder of Cambridge Network and in 2009 became founding chairman for Cambridge Universitys new Centre for Science and Policy.

Q: What would you advise any startups – not just technology but any industry sector – to treat as priorities to get their companies off the ground?
Make sure that you have more money than you think you need (because it won’t be enough). Find people who can sort out the hygiene factors for you book-keeping, accounting, recruitment, contracts and so on are dealt with by people who do this kind of thing all the time and can do it much more quickly and effectively than you. Finally, think big you need to plan all the systems and processes that you are using so that they can scale-up. So, for example, it is worth investing in a little bit of software that makes something routine even if it costs you something in investment now because later on that process will free up time for you to do the important stuff.

Q: What was the biggest challenge you faced in starting your first major venture?
Making sure that all the processes work together and that no time was wasted. Quite often start-ups find it very difficult to plan and conserve resources and to do things in a systematic way so that they are efficient even as a small-scale. (This is based on my experience at Analysys).

Q: Do you think difficulty in engaging with funders was due to their lack of understanding or your inability to explain the proposition?
My first real experience of getting funding was with Abcam. Where the people knew me already it was very easy to explain what we were doing and for them to enthusiastically support us. When it came to pitching to people who see many of these business plans every day it was almost impossible to convince them that there was anything worthwhile in the proposition. So I think it’s neither the lack of understanding nor an inability to explain the proposition but the provenance of the message that is really important.