Entrepreneurial Mindset

On today’s video, I make reference to a two year old magazine article that I consider timeless.  What it takes to be an entrepreneur, at it’s core, is a set of skills and traits that will not change much over time.  This particular list of 12 signs that you have what it takes from Startups magazine hit it pretty well.

I’m only going to touch on five and I hope that you check the article out to see if you possess any of these.

  1.  You are scared – much as I admitted on the video below, I was terrified, I am still.  You don’t want to fail, or go bankrupt.  You know most of your friends will stop talking to you, the money will be scarce, you are not going to be an overnight success and yet, you still want to do it. You are on the right track.
  2. ) You don’t ask for permission: like the saying goes, you ask for forgiveness.  I am guilty of this.  It has to do with reacting quickly to what happens.
  3. You are fearless – how can you be scared and fearless at the same time? Optimism.  I am the eternal optimist.  As the bill collectors start calling and the phone dies and you sell everything you own, hold on to that little part of you that knows that everything is going to work out.
  4. You consider yourself an outsider:  I was a tomboy, a nerd, biracial (yes, there is such a thing in Puerto Rico).  Now that I live in Florida I am not from here, I am Hispanic, Plus sized and a woman.  So many labels just to say that I am different.  Am I really?  Does it matter?  No, use it as motivation.
  5. You recover quickly – the last three years have been crazy. I keep getting up even though sometimes faith escapes me.  My answer to that is, what else can I do?  Might as well get back up and do what I can.

There you have it.  And now for the video.  What do you think your signs, skills or talents are that make you entrepreneurial?  Leave your comment below and thanks for watching.

 

 

 

Overwhelm is a Thing

When I started this journey, I promised I would keep it honest.  I told you I would teach you everything I learned.  I decided I wanted to document this journey as it happened.  Today, I noticed I hit a wall.  It is called overwhelm and overwhelm is a thing.

It starts slowly.  You start doubting one or two decisions you make.  You procrastinate.  Life gets in the way and before you know it, your desk is full of mail, your brain is in a fog and you have not done one income producing activity.

This is where businesses fail.  We are all so excited to break out on our own and get something we can call our own.  We get into the little things, like whether my desk is facing the door or am I getting enough sunlight.  You order your business cards and when you get them you don’t feel as excited about the tagline as you were when you conceived it.

Wake up.  It is not about you.  Ironically, the most self obsessed thing you have ever done (going into business by yourself), if done correctly, is the most giving thing you can ever do.  You went into business to solve a problem for other people, not for yourself.  Stop for a minute, take a breath and figure out where you are.

As always, I will use myself as an example.  I ordered the business cards.  I started a campaign… I ordered a magnet for my car.  I came up with a pretty tagline.  I started a campaign on Fiverrr to get my logo designed.  Then I realized that I am the person who runs all the bills in the house, I am the POA for someone else and I have all these other things that I need to do.  As I am writing this, I have so many things on my desk I am shocked that I can write this without straining my arms too much.  There’s even a bunny from Easter staring at me at this moment, wondering where he went wrong (stuffed toy not breathing real one).

So now what?  There are several things I can tell you to do because it is usually easier to help other people than to figure things out for ourselves.  Instead, I am going to tell you what I am going to do.

I am taking the day off from social media for the most part.  I do have to film a video and I am going to post this blog.  I am also going to post the link on social media.  Once I do that now, I am going to close the door to my office and move to the living room, where I will proceed to get a legal pad and do a massive brain dump.  I plan to write down all the courses I invested in, all the social media platforms, all the topics I want to write about, the essays for the book and the other things I have to take care off this week, whether they are business related or not.

I am going to take my happy planner and organize my week so I can get everything done without killing myself.  Then, I am going to start removing things from my desk and I am going to finish organizing my office.

I know that you are thinking that I am not making any income producing activities and you would be correct.  Here’s the thing.  If I take one day to take care of all of this then I don’t have to spend hours in between and feel like I am not getting anything done.  Besides, chances are that if I finish before gym at 6:30 PM, I might be able to post a couple of items for sale or do a presentation,

How do you deal with overwhelm?  Any suggestions you may have, leave them in the comments section below.

PS. Although it is the same topic, I don’t do a verbatim on the video. You can check it out below.

Competition

This weekend I saw a little drama unfold that told the story of how we view competition in this country.  A company made an Instagram post where they were obviously poking fun (and not in a good way) at another company in their same market.

Here’s the thing:  there are two ways to look at competition.  You can get to the top by being cooperative, complementary and an all around good person.  Or, you can be a ball busting, irresponsible, win at all cost (even if that means cheating) person who is disliked by many.

I always use the example of real estate agents I knew a while back.  These two were competing in the same territory.  They could have used ugly tactics to beat each other.  Instead, they worked together. When one went on vacation, the other  would keep an eye on the properties and if a deal was made, they held it until the vacation was over so that the rightful agent would get their commission.  They did not even belong to the same agency.  One of them was completely independent and the other one was not.  The thing is, they had each other’s back and they never stole the other’s clients.  Their clients were loyal because they saw how they behaved and they both flourished and made lots of money.

Now let me give you an example of the other kind.  I used to work for a company that made window coverings and they had one “client” who was famous for opening a shop, selling a lower grade imitation of the product and when they started getting complaints, they would close the shop.  Months later they would open another shop.  The entire time, these people would bad mouth the company I worked for and when they company was no longer number one, tried to take it down.  Their product was always inferior quality and their customers would always come back to us to solve their problems.  Who is the real winner in that situation?

Below, I give you a little insight on what I think about this but I want to hear yours.  How do you see competition?  Do you know who your competition is and how they play the game?  Leave your comments below and thanks for watching, and reading.