Thank you to all of you who informed me that my blog was listed in The Australian newspaper (27 July 2007) as one of the best business blogs to read.
The article, "Interactive beats static" by Ed Charles was very interesting and gave some good insight to the benefits of having a blog.
You can read the full article on line now.
Thank you for supporting my blog. I hope you find some of my posts beneficial on your journey to business success.
Tuesday 31 July 2007
Tuesday 24 July 2007
Take some (calculated) risks.
I don't think I have had a year go by in my business yet that hasn't required me to take some kind of risk. Whilst I wouldn't class myself as the biggest risk taker on the planet, one thing I do know is that at some point in time you have to take a risk to succeed in business.
Risk taking may take many forms. It may be your initial decision to commence your own business, taking on a business partner, hiring new staff, relocating premises or some of the many other every day businesses decisions you make.
The key though to this risk taking is to make them calculated risks. By this I mean you must first assess the situation carefully and then decide whether the risk is worth taking. At the end of the day, most decisions are made based on the possible consequences that may arise from making such a decision.
When it comes to my own business decision making I always ask myself "what's the worst possible thing that can happen as a result of this decision I am about to make?" If I can deal with these consequences then 99% of the time I'll proceed with such a risk.
What risky decisions have you made in your life or business?
Risk taking may take many forms. It may be your initial decision to commence your own business, taking on a business partner, hiring new staff, relocating premises or some of the many other every day businesses decisions you make.
The key though to this risk taking is to make them calculated risks. By this I mean you must first assess the situation carefully and then decide whether the risk is worth taking. At the end of the day, most decisions are made based on the possible consequences that may arise from making such a decision.
When it comes to my own business decision making I always ask myself "what's the worst possible thing that can happen as a result of this decision I am about to make?" If I can deal with these consequences then 99% of the time I'll proceed with such a risk.
What risky decisions have you made in your life or business?
Friday 13 July 2007
Don't be a "gunna".
Throughout the day I often have people ask me how I got started with my own business. My simple reply to them is that I had an idea and a vision for my future. Pretty simple really!
Unfortunately this alone is not enough to run a successful business. You actually then have to go and "do" something.
I know of several friends and clients of mine who, every time I speak to them, tell me of their next big business venture. I think with one of my clients, I've heard of perhaps 6-7 different ideas in the past 12 months alone. To this day I don't think any of these ideas have actually got off the ground. These people I refer to as "gunnas".
I'm sure you all know of a "gunna" or two. They're "gunna" do this; they're"gunna" do that; they're "gunna" change the world or "gunna" be a millionairre.
Whatever you do, don't become a "gunna". Nothing infuriates me more than people who live and act like this.
I would much rather see people have a crack at getting one (perhaps two) ideas off the ground and seeing how they turn out, than listen to someone who changes with the wind from day to day.
It's all well and good to have a million different ideas, but at some point in time, you actually have to do something.
In the words of the great John Kennedy (the football coach, not the President):
"Don't think, do something!"
What have you done recently?
Unfortunately this alone is not enough to run a successful business. You actually then have to go and "do" something.
I know of several friends and clients of mine who, every time I speak to them, tell me of their next big business venture. I think with one of my clients, I've heard of perhaps 6-7 different ideas in the past 12 months alone. To this day I don't think any of these ideas have actually got off the ground. These people I refer to as "gunnas".
I'm sure you all know of a "gunna" or two. They're "gunna" do this; they're"gunna" do that; they're "gunna" change the world or "gunna" be a millionairre.
Whatever you do, don't become a "gunna". Nothing infuriates me more than people who live and act like this.
I would much rather see people have a crack at getting one (perhaps two) ideas off the ground and seeing how they turn out, than listen to someone who changes with the wind from day to day.
It's all well and good to have a million different ideas, but at some point in time, you actually have to do something.
In the words of the great John Kennedy (the football coach, not the President):
"Don't think, do something!"
What have you done recently?
Monday 2 July 2007
Be ready for knock-backs.
In a recent post I mentioned what I believe to be some of the traits of an Entrepreneur. One of these is that Entrepreneurs are "determined".
This trait is very important as I guarantee there will be many set-backs and knock-backs along your journey to business success.
What you think may be the best idea ever invented, others may not. These "others" are quite often the exact people you rely on for your idea to take off and become a successful business reality.
This is where determination is required. You have to be determined not to give in; determined not to be offended by rejection; determined to push on and get through the rough times.
Unfortunately, not everyone can be so steele minded and often they give in. Don't let yourself be one of these people. Instead, constantly tell yourself that this is all part of the process to business success, and, before too long, your determination will be rewarded.
Let me know your thoughts.
This trait is very important as I guarantee there will be many set-backs and knock-backs along your journey to business success.
What you think may be the best idea ever invented, others may not. These "others" are quite often the exact people you rely on for your idea to take off and become a successful business reality.
This is where determination is required. You have to be determined not to give in; determined not to be offended by rejection; determined to push on and get through the rough times.
Unfortunately, not everyone can be so steele minded and often they give in. Don't let yourself be one of these people. Instead, constantly tell yourself that this is all part of the process to business success, and, before too long, your determination will be rewarded.
Let me know your thoughts.
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