A few years ago Andrew Young spoke at my office in Atlanta. I was thrilled by the opportunity to hear him speak. Young is a political rockstar. He was a U.S. Congressman, U.S. Ambassador to the United Nations, and mayor of Atlanta. Before all that, Young was a key figure in the American civil rights movement. And he was the first person mentioned by the Village People in the song Y.M.C.A.
I knew Young’s talk would be inspiring. But like so many memorable moments in life, one of the greatest sources of inspiration from his talk came from an unexpected surprise he shared.
As Young recounted the excitement and profound significance of the civil rights movement, he talked about just how impressive Martin Luther King Jr. was. He said that the whole movement was full of leaders. But Martin, as Young called him, was the clear leader of leaders.
However, it was a quick and simple fact thrown in for humor that still sticks with me 5 years later. Young shared that when King was in college at Crozer Theological Seminary school he got a C in public speaking. And no, a C in Seminary school does not stand for Christ-like, or Crazy-good.
Drink this in for a moment. As a pastor, reverend, priest, or rabbi your number one job skill, other than knowing a hell of a lot about God, has to be public speaking, right? And King was struggling in that department.
Yet we all know how the story ends. Ultimately, King is best known for his public speaking. In fact, there may be no one in American history better known for their public speaking skills than MLK.
If you asked me to name the 3 most famous speeches in American history I would say Lincoln’s Gettysburg Address, Kings ‘I have a dream’ speech, and then I would probably throw in Billy Madison’s ‘The Puppy Who Lost His Way’ speech, because I can’t really think of any others.
The fact that King, who became one of the most inspiring speakers in history got a C in public speaking in college adds to his inspirational legacy. It reminds us that where we start is not where we end. It reminds us to unearth our hidden talents, develop our skills and think about where we are going. Not where we have been. It also reminds us that disappointment and dissatisfaction can be powerful motivators.
In other words, have a vision of your fully realized dream state, and work to make it your reality. Which is exactly what MLK Jr. did.
If you are willing to focus, practice and work there is no limit to how great you can become. Overcoming initial discouragement is critical. Recognizing where you are in your journey and visualizing how much more you are capable of is key.
Remember, the worse you start out the more you are capable of improving.
Where you start is not where you will end. Focus on the process of improvement. If you are willing to put in the work, effort, learning, and practice there is no telling how much you are capable of. In other words, if you have a dream, keep at it until it is real. It is really up to you.
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I have a new startup business idea in the embryonic stage. I know what I want it to look like fully-formed, but I don’t know some of the most basic details that will help me get there. Or at least I didn’t until yesterday (when all my trouble seemed so far away).
Yesterday morning I had a call with an expert that I would need to partner with to make this idea a reality. He asked me many important questions about my plan that I simply had no answers to. There were a lot of TBDs. But with each of the TBDs, I became more D to find the answers.
One Giant Leap For Startupkind
That conversation was a huge leap forward for me. Because now I have my homework assignments. I know the answers I need to find. I know the boxes I need to chickity check. I know what I don’t know, you know. And like Robert Frost said, that makes all the difference.
Entrepreneurship, and growth of all kinds, are adventures into the unknown. The most important thing is to start moving forward. Take a step and the next step will reveal itself. Kinda like a striptease.
Don’t be afraid to be asked questions you don’t know the answers to. Those questions are gifts. They tell you what you are looking for next, where you need to go next, what you need to do next. Because growth is all about what’s next.
Grow vs. Wade
Get in over your head. It is the fastest way to discover the next step. Getting into a conversation that makes you feel dumb is the best way to get smart. Stepping out of your comfort zone is simply the first step to expanding your comfort zone. That is how you grow.
When you step into the unknown growth is inevitable. It helps you collect questions. In the beginning, the questions themselves are the answers you are looking for. Learn the questions. Find the answers. Then find yourself where you always envisioned you would be.
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This week I had a fun interview on entrepreneurship. I wasn’t talking to Inc., How I Built This or Squawk Box. I was interviewed by Jayson Koel, a sophomore at Germantown High School in Germantown, Wisconsin with great hair. Jayson is taking an entrepreneurship class and is working on his own business, an apparel company called Midwest Running Club. Which I assume doesn’t sell Speedos to New Englanders.
Jayson (Y ask Y there’s a Y) had 8 good questions for me that I thought would be worth sharing with others who are considering entrepreneurship, or who simply wonder how someone gets started on their entrepreneurial journey.
8 Questions on Entrepreneurship with Jayson Koel
When did you know you wanted to own your own business?
At the very beginning of my career. I immediately loved the idea of creating my own version of an advertising agency. I was always envious of entrepreneurs for being brave enough to do what everyone else dreams of doing. And I think envy is a great navigational tool. (Unless you are on a ship. Then you should use real navigational tools.) 3 years into my career a film director I was working with told me I had to start my own agency in order to secure my future. I took the advice. And I wrote about it here.
2. How did you prepare to get started?
I spent 19 years learning how advertising works, building relationships, creative skills, leadership skills, and nunchuck skillz. Because girls only like guys who have great skills. I had a subscription to Inc. magazine that whole time and continuously studied entrepreneurship. I surrounded myself with other entrepreneurs, and learned how they thought, and increased my courage and confidence through their examples. Then, in the last 6 months before I launched The Weaponry, my advertising and idea agency, I bought The E-Myth, by Michael Gerber, which is a great how-to book on how to run a business the right way. Even for southpaws.
3. Who helped you start your business?
My cousin Brooks Albrecht and I launched The Weaponry together. Brooks was in Seattle working for Amazon, I was in Atlanta, working at Moxie, the largest ad agency in Atlanta. We collaborated and planned and made things happen from opposite corners of the country, with a 3-hour time difference between us. We used Zoom, Slack, Google G-Suite, and Dropbox while planning the business because we had to to bridge our distance. That created a perfect infrastructure for the business operations too. Brooks was like a rocket booster and stayed with us for the first year, then peeled off and rejoined Amazon full time. He is now a rockstar at Chewy.
4. What obstacles were incurred in starting the business and how were they overcome?
Our first and largest client in year one was only a 1-year client. Which meant that we had to figure out how to quickly grow and replace that revenue in year 2 and beyond. I had seen what happens to businesses that don’t continuously grow by attracting new clients. (They go out of business.) So from the beginning, I developed a mindset that all of our clients were going to disappear on New Year’s Eve each year, and we would have to start again with all new clients the next year. But at the same time, I wanted to treat our clients so well that they never wanted to leave. Those 2 approaches of continuous business development and excellent customer service have kept us going and growing.
5. What are your characteristics that have benefited you the most as an entrepreneur?
My relationship skills. Personal relationships have always been important to me. And I quickly realized once I started The Weaponry that the hardest part of entrepreneurship, which is relationship development and maintenance, was something I had been working at for the past 30 years. And that has made my entrepreneurial journey really enjoyable. My creative skills, strategic thinking, and careful financial approach have also benefited me significantly as an entrepreneur. My optimism and sense of humor help a lot too. Entrepreneurship is a roller coaster ride. Believing each down will be followed by an up keeps you from throwing up your cereal every morning.
6. Where do you see this business in 10 years?
Large and in charge like Large Marge. We will grow significantly, have offices across the country, and will be sought after by the very best brands. (I shared my actual goals with real numbers and specifics with Jayson to give him a sense of how big I am thinking. But talk is cheap. So I’d rather show the rest of the world what we have done than talk about what we hope to do.)
7. What are the rewards of owning your business?
There is great peace of mind when we go through difficult economic times like we have experienced over the past year. I am still in control of my own future, and won’t be ejected by a business that wants to save money by dropping me like a hot bowling ball. There is also a great sense of control over my life and my future. I sink, swim or fly based on my own actions. I love creating a team culture, working with people I enjoy. Your earning potential when you own your own business is unlimited. I also get to decide on the company t-shirts and hoodies. And I never have to regret not starting my own business.
8. What advice would you give to my classmates and me?
Start thinking about owning your own business right now, while you are still in high school. Keep your eyes open for entrepreneurial opportunities all along your journey. Learn a craft really well so that you are good enough at it that you can start your own business someday. Develop and maintain your relationships. And read Rich Dad. Poor Dad. by Robert Kiyosaki and The E-Myth.
Oh, and start a blog. Share what you know with people and make them laugh if you can. People love to laugh as they learn, except when they are drinking really hot coffee or peanut brittle and it shoots out their nose.
I woke up this morning to one of the heaviest snowfalls I have seen in several years thanks to winter storm Orlena. The lake effect snow machine is in full effect here on the Wisconsin side of Lake Michigan. On top of that, the winds are whipping like the Dazz Band. And I say let it whip.
I love this kind of weather. Unlike hurricanes, tornados, floods and wildfires that leave massive destruction in their wake, a blizzard leaves the world better and more beautiful. After Orlena transforms the midwest and northeast into a fresh powder playground, images of the snowfall will be trending on social media like Gamestop. Or Grumpy Bernie.
Life Is Full of Blizzards
It’s useful to think of the challenges in your life like blizzards. They can be frustrating and disorienting. But once they pass, they often leave you better than they found you.
The Startup Blizzard
When I was first launching my advertising and idea agency, The Weaponry, the swirling uncertainty of startup-ness surrounded us. And that can really mess with you. Here is something I wrote about the experience we were going through 4 years ago.
From June 10th, 2016
Today I had a long talk with a co-worker who was having a hard time at work. Which is understandable. Because startups are kinda hard. Launching a startup is like walking in a blizzard. Wind and snow are all up in your grill. It’s cold. Visibility goes into the toilet. It’s difficult to navigate in these conditions.
In the middle of a blizzard, your survival instincts tell you to seek shelter. It’s natural to want to escape the relentless wind, disorienting snow and mounting drifts. Sitting by a crackling fire, drinking hot chocolate is far more appealing to most people.
But I like walking in blizzards. I like being out when no one else is. I like doing things that build my character, my will and my personal legend. In the same way a callus rises as the result of repeated friction, strength grows from pushing against resistance.
If a blizzard confronts you on your journey you have to keep walking. You must have faith that you know where you are heading. You have to take steps forward, even when it is hard.
Blizzards of the wintry, professional and personal kind are temporary. Eventually, the snow will stop falling. The wind will chill the eff out. And the sun will come out again.
When that happens, where will you be? It’s a matter of what you did during the blizzard. If you keep pushing, you will find yourself far ahead of where you started, far ahead of those who sought shelter, and closer to your ultimate goal. You’ll find the ultimate rewards far outweigh the hot chocolate you sacrificed along the way.
Blizzards are a part of life. They will make life hard for a while. But keep going anyway. Everything is more beautiful on the other side.
Follow Up Note
The Weaponry will turn 5 years old in April. Today we have 23 clients. Because we didn’t stop walking when things were hard.
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The latest numbers on new business creation are staggering. New business registrations in Q3 of 2020 are up 77% over Q2. Which means there have been more new businesses registered in the past few months than at any comparable time in history. The Covid-19-induced disruptions have created all kinds of new opportunities for entrepreneurial-minded earthlings to capitalize on.
There are suddenly great interests in face masks, Non-Brooke shields, plexiglass, distance learning, contactless-anything, at-home entertainment (which sounds dirty, and maybe is), home remodeling, camping, food delivery and a hundred other things.
Of course all this new business creation isn’t purely good news. Much of the new business development is from displaced employees whose best, if not only option, is to start their own business and give it the ole college try. (Or, in some cases, the ole high school or GED try.)
As an entrepreneur, I find this extremely exciting. There will be great businesses that come out of this time. But not all the stories will have happy endings. (Meaning fairy tale-style, not Robert Kraft). I predict that the brave women and men who are now embarking on their entrepreneurial journeys will have one of three outcomes:
Little To No success: This is due to an inability to attract customers or clients. Costumers are the helium in a startup. If you can’t find customers the business won’t float.
Great Initial Success, Then Dramatic Failure: This is because they found initial customers, and delivered the initial product or service, but then couldn’t keep it going and build momentum.
Huge Success: These startups will quickly mature into real businesses and will flourish for years if not generations to come.
What Makes The Difference?
Anyone can start a business. If you can find customers you can do the work yourself and make your customers happy. But that’s not where the long term, sustainable, flywheel-style magic happens.
To build a business you have to create a system. Create YourWay. Make it repeatable. Your repeatable system is what enables you to both deliver for your current customers and attract new customers at the same time.
The system, your system, creates order, predictability and a clear division of responsibilities. It creates room for continuous improvement. It allows you to bring in help (employees) with little to no experience and contribute in meaningful ways.
The system allows you to step out for a bathroom break without the business also springing a leak. If fact, with a good system in place you should be able to take a monthlong vacation in Europe and the business will keep humming along. (Assuming American’s are allowed to visit Europe again. And assuming businesses are allowed to hum.)
Failed business owners realize too late that they didn’t have a repeatable system. A system that could be used to attract new customers, and keep them happy in a profitable way. They didn’t have a system that worked in both good times and bad (Think JJ Walker and Michael Jackson times). The didn’t have a system that enabled them to scale up and down when needed. Don’t let this happen to you.
Don’t just do the work. Or all you are is a worker working without a net. From the beginning you need to create and use your system. Think about what works now, document, follow it, and continuously improve it. It should allow you to use other people’s time to get the work done. Because if you have to do all the work yourself it is not a business. You simply own your own job. Which will be hardest, most stressful job you’ve ever had. But a system that sets you up for long term success will create a great work environment for everyone in your business. And you’ll wonder why you didn’t start your own business years ago.
Most businesses fail at some point. That is just a fact. I knew that 5 years ago when I began making plans to launch my own advertising agency. So I bought the book The E-Myth, because a bunch of smart people recommended it as a way of, well, not failing.
The book is great, and I always recommend it to anyone thinking of starting their own business of any size or shape. I also recommend it to any business owner who hasn’t read it yet. In fact, The E-Myth is like my Frank’s Red Hot. I recommend that sh#t to everyone.
But I didn’t just read The E-Myth once. I study it. It has become one of my most important reference books. In fact, I handle this book so much it looks like I don’t know how books work. See the pic below. It looks like I tried to open it on the binding side until someone suggested that the other side might offer less resistance.
One of the key tenants of the book is that there should be a predictable, repeatable process for everything. I fully believe this. From the beginning, I established processes for my team at The Weaponry to follow. I have regularly revisited those processes, modified them, and added new processes.
But I have never been satisfied that our processes are as good as they should be. Which is the point. When people tell you to work on your business, not in your business, they typically mean, improve your processes. Unless those people are roofing consultants. In which case they probably mean you need to do some work up on top of your business.
Back to Business
Today, I am revisiting our processes again. In fact, last night, just before I went to bed, I went all the way back to the beginning, again. I asked myself, ‘What is The Weaponry’s process for establishing processes?’ And here is what I wrote in the notebook on my nightstand. (I translated it into type below so that non-chickens can also read it.)
Process of Processes
Figure out Step 1
Write down Step 1
List each subsequent step to a successful conclusion
Follow established process until it reveals a flaw. Or until a better process is revealed.
Modify process to eliminate the newly discovered problem, or to improve outcomes.
Continuously evaluate each process, looking for flaws, and better ideas that will lead to better results.
Note: Always run the best process you know until you know better.
Note: Even this process process can be constantly improved until a better process process can not be found. At which point the process process will be perfect. (Then check the Vector Victor.)
Note: Run everything the organization does through The Perfect Process Process.
Note: You will be able to do, make, and deliver anything with this process.
Creating a well-run business requires great processes. Creating great processes requires a strong process process. Figure out yours. Then use it. And perfect it until it can’t be improved any more.
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Launching your own business sounds fun and exciting. Right up until the moment when you have to find your first paying customer. Because a business without customers is like a kite without wind. It just won’t fly.
A friend of mine wrote to me yesterday about a major challenge his startup is facing. He said that like Carmen Miranda, he has had several fruitful conversations with prospective clients. And he was excited about next steps. However, at some point in each conversation it came out that the prospect would be his organization’s first customer. After hearing that, all of them ghosted like Patrick Swayze.
Which comes first, the business or the customer?
I expect my friend isn’t the only person to ever deal with this issue. In fact, every business ever created has had to transition from fantasy-business to reality-business by acquiring their first customer. If you have had this challenge, or are concerned about it as you begin your entrepreneurial journey, here are some tips for getting over the humpty hump.
9 Ways To Land Your Startup’s First Customer
Give Away Your Product Or Service For Free. This approach doesn’t technically give you your first customer, because customers are those who pay for your offering. But what it does do is give you proof of trial. You can point to someone you have worked with. You can refer to a user who has enjoyed your product or service. It can give you a testimonial to leverage. It can offer an example of where and how you delivered. All of those things help make your prospective customer feel like you have the experience they want.
2. Start With Friends and Family Start by turning to those who are most likely to want to help you succeed. If you are making a relatively low cost consumer good or service, approach your friends and family first. They will want to help. Unless you are one of the Menendez Brothers.
3. Site Examples Of Your Personal Experience. Maybe you haven’t offered this service or product under your own banner, but you have done this sort of thing in the past through a business you worked for.
For instance, if you are a barista, a financial planner or a home cleaner who has worked for someone else, and now want to start offering the same type of service on your own, point to the examples of how you have done this extensively in the past. Now, you are excited to offer your customers what you have spent years perfecting.
Even better, you have fixed all the problems your past employer had when offering such goods or services. In fact, the reason you were inspired to go out on your own was to offer an even better product than you could have when your hands were tied by your prior employer. Then show them the rope burns around your wrist to make the whole hands-tied-thing more believable.
4. Offer A Money Back Guarantee. The reason people avoid working with new businesses is because there is an inherent risk involved with working with a new entity before they get the kinks out.
The key is making yourself a safe choice. You can do that by offering a money back satisfaction guarantee. If wasting money is the customer’s concern, and it often will be, a guarantee helps a great deal. However, losing valuable time is also often a concern. And that you simply won’t be able to give back to them unless you have a Delorean and a flux capacitor. So understand when a prospect’s concern can be alleviated by offering to return their money if they aren’t fully satisfied, and when it can’t.
5. Seek Out Other Entrepreneurs. The people most likely to want to see you succeed, after your friends and family, are other entrepreneurs. They have been where you have been and just needed someone to take a chance on them, like ABBA. Someone who was willing to forgive a little early-in-the-game wonkiness. Entrepreneurs love startups. Startups are nostalgic and inspiring to those of us who have been there before. Use that against us.
6. Partner With Another Company That Already Has Credibility. There are lots of ways to sneak in the backdoor. One great way is to tuck yourself into an already proven entity. It’s how The Cowardly Lion, Tin Man and Scarecrow snuck into the Wicked Witch’s castle. In the beginning, my startup partnered with many respected organizations. Those businesses vouched for us. And that was all we needed for client approval. Everyone wins. And it opens up even more possibilities down the road.
7. Sell Your Prospect’s Role In Your Founding Story Every company magically transforms from dream to reality when they acquire their first customer. And that founding story will be told for eternity. This is your customer’s chance to be part of your history and the story you will tell for years to come. The opportunity will be appealing for many. It’s appealing to me. Practice your pitch until it becomes an irresistible Disney-esque story.
8. Offer Steep Early Bird Discounts There are plenty of services that provide sticker shock to new shoppers. Take weddings for example. The photographer, venue, catering, flowers and dress all cost way more than you would have imagined. If you want to break into the wedding game, offer a cure for the sticker shock by offering a soothing, doable price. This is how you get your foot in the door. You will be solving 2 problems for the happy couple. First, you will be offering the service they need. Second, you will provide room in their budget for the other things they really want. A discount on your first gig is no loss to you. In fact, lowering the barrier to entry to get your first clients can unlock the path to millions of dollars in revenues in the future. And with a little luck, your business will outlast most marriages.
9. Work With Former Clients Or Customers. If you already have a proven track record of success with happy former customers they should be the first clients you approach for your new venture. Customers know that people, not businesses are the key to delivering a great product, service or experience. And if you have delivered for your customers in the past, they will expect that you will do the same for them in the future.
This is how I launched my business. After nearly 20 years of working for other companies I started my own advertising and idea agency called The Weaponry. I talked to 5 former clients about my plans in order to get input, feedback, and hopefully interest in my new business. All 5 of them told me that if I did what I was planning to do they had work for me.
In fact, my Original 5 became my biggest cheerleaders. They wanted to see me succeed, and wanted to be part of that success. I think they felt as if they helped discover The Weaponry, in the same way Clive Davis discovered Whitney Houston. Let those former clients in on the experience. Let them help mold your offering to meet their needs.
Because your former clients have history and trust with you, and they know you are starting something new, they will likely be more forgiving of you as you navigate the process for the first time.
Like so many others, I started The Weaponry as a side hustle. Not because I thought of it as a side hustle, but because I wanted to breathe life into it and gain momentum before I quit my day job. And I knew that my trusted former clients would understand why I needed to meet early, late or over a lunch hour. They wouldn’t expect me to be responsive throughout the day, and they would be forgiving of the various other quirks that came along with a startup side gig. And sometimes an understanding first customer is all you need.
A business is not really a business until you have your first paying customer. But there are multiple ways to find that legitimizing customer. Don’t worry about making a profit on your first client. Simply get the deal done. And you’ll have proof that someone else has trusted you with their hard earned money. That’s often all a prospect needs to hear. Then keep looking for that next customer as if your business depends on it. Because it does. Good luck. And get going!
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Every opportunity has a time constraint. If you don’t jump, you miss out. You have to be ready and willing to act when the chance comes along. Which means that before the opportunity arrives you have to prepare yourself.
The Start-Up Opportunity
I had thought a lot about starting my own business over the course of my career. Then one day an opportunity came my way. A former client called me and encouraged me to start my own advertising agency so that we could work together again. Two hours later another former client called me with the same conversation.
After checking my office for candid cameras and Ashton Kutcher, I realized I wasn’t being punked. The opportunity to start my own business had arrived. I quickly arranged phone calls and meetups with other former-and-potential-future clients. I discovered there was great interest in what I was planning to do. And Morris Day told me this was the time.
So I jumped. I launched The Weaponry. I have been growing and improving it, and preparing for new opportunities ever since. The key was that I was ready to roll when the opportunity pulled up and asked if I wanted to get in.
The Opportunity Party
The COVID-19 crises and the economic fallout have created unprecedented opportunities. Great businesses in many categories have disappeared during these unusual times because they weren’t prepared for this storm. But the storm will pass.
For the vast majority of the businesses that have failed the issue was a short term demand issue. And those ready and willing to step in and fill the demand on the other side will find the opportunity of a lifetime. And I don’t mean television for women.
The health and economic crisis of 2020 has also created amazing new opportunities. Did you own a face mask before this year? Have you ever seen so much plexiglass? Or hand sanitizer? Or stickers on the ground saying stand here?
There are new needs that are not being met yet (like perhaps the 2-Yard Stick). There are also new wants. Like the want to be connected to others. To socialize. To get away from home and still feel safe. To exercise in a non-frightening way. To laugh more. To watch sports with a community. Take on any of these opportunities now before someone else does.
Hot & Cold
Remember that hot coffee and hot chocolate are only hot for a short time. The same holds true for ice-cold beer and ice-cold lemonade. If you don’t drink them quickly the opportunity to enjoy their perfect state passes you by.
Prepare yourself to take action before opportunities come along. Read, train, learn, network, save, and build up your confidence so you are ready to take action when your time comes. Then don’t dilly or dally. Don’t miss your opportunity. Jump. Make things happened. Find your happiness, your money, your purpose, your calling. And do it quickly. Before the opportunity slips away.
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Yesterday I talked to a good friend of mine about his entrepreneurial ambitions. He is a rockstar who has held impressive positions with 5 elite brands that everyone in America knows. Thanks to COVID-19 he is now starting the next chapter of his career. This is an exciting opportunity for him to do something new and self-directed. Like a Spike Lee joint.
As he told me about all the things he has in the works right now I was impressed. There were interesting partnerships, licensing opportunities, consulting requests, new product development ideas and brand building thoughts. It was like a Thanksgiving table full of opportunities. And everything looked delicious.
A blessing and a curse
Having many options in front of you is a gift. It is also a recipe for entrepreneurial failure. Because entrepreneurship doesn’t require dabbling and exploring and nibbling at a number of interesting things. It requires you to focus your attention on one thing completely. Like a hitman.
Dreaming Vs Doing
When you have many opportunities available to you, you are still in the dreaming phase. You are considering the possibilities. It is exciting. But it is still fantasy. And there is a big difference between dreaming, dabbling and doing. Which sounds like a Fred Flinstone-ism.
When I started my advertising and idea agency, The Weaponry, I was completely focused on my mission. I threw all other options aside. I put all my eggs in one basket and then focused on the basket as if nothing else mattered. Because it didn’t. That focus made all the difference.
To be successful as an entrepreneur you have to become obsessive. You have to roll a rock up a hill to get started. Which is hard. And it can’t be done while texting. Or with one hand in your pocket. Unless maybe you are Alanis Morrisette.
If you are thinking about starting your own business, pick something you are really excited about and focus on that one thing completely. Think of it as your one nail to drive. Then hammer away at that one nail until the job is done. Don’t touch, tap or tickle another nail until the alpha nail is hammered home.
Once you have the business humming it will afford you new opportunities to do more. You can pour all that you learned bringing the first business to life into the next. A successful first business will also provide additional funds to deploy towards your next venture. You can repeat the process over and over, and make many great things happen. But start with one. Just like Brian McKnight.
If you are thinking of starting your own business, think singular, not plural. One business opportunity should step forward and take all of your attention. Find the one idea among the many that you are most excited about and feed it. Fuel it. Fixate on it. And force it to happen.
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Before 1776 there was potential. A lot of potential. The American colonies were full of smart, talented, ambitious men and women who wanted more and better than the old world could provide. We had stars. We had bars. And we had Betsy Ross threaded and ready.
The fuse on this firecracker was lit in the summer of 1776. The best and brightest came together with a vision and a quill pen. And when they finally took action they launched the greatest startup the world has ever seen.
But like any startup, they didn’t get everything right, right out of the gate. However, they created a system that enabled the system itself to get better, stronger and smarter over time.
Using the system itself we have been able to clarify that all men are created equal really means all men and women. Itincludes all colors. It includes all religions. It even includes the New York Yankees.
Today, that cute little Philly startup from 1776 is now the most valuable organization on Earth.
This Independence Day weekend I hope you take a few minutes to consider this amazing organization of ours. An organization that began with just some powdered wigs and a dream.
We must continue using the system to make the system itself better. It is not only our right, as shareholders, but it is also our obligation.
I hope the 4th of July also inspires you to consider your own independence.
If you have been thinking of starting your own business, do it now.
If you have lost your job or your entire industry, start fresh now.
If you are energized and eager, it’s go time!
If you are desperate, you have the most powerful fuel of all.
If you want to start your own business but don’t know where to begin, send me a note. I have started my own business. Today, I want to help others experience the same feeling of independence.
And If I can do it, you can too. I know. Because we are all created equal.