Tag Archive for 'business owner'

What is your prime goal as a small business owner?

What’s your prime directive as a business owner — what is it that you want to accomplish? When you answer that question, then you have to answer an even bigger one: What will you have to do to realize that goal?

The pursuit of our entrepreneurial goals is usually met with resistance on many fronts. Some of the obstacles are fundamental, including: Acquiring enough experience; enough education; enough training; and enough capital.

Then there are the mind-game challenges that are laid on us by others: “That’s not how it’s done.” “That won’t work.” “No one’s ever done that before.” Or, “Why do you think you can do that?” Sadly, sometimes we even tie these millstones around our own necks.

When you feel like your dream is being swept away by strong current in a river of obstacles, here’s a little motivational thought: Swimming upstream can be tough, but remember, even a dead fish can float downstream.

POLL RESULTS: Will you give your business a vacation from you this summer?

The Question:

Will you give your business a vacation from you this summer?

28% - I will completely disconnect for at least a week.

31% - I will take a week off, but will be checking in.

25% - I can only handle long weekends this summer.

16% - Are you kidding? I can’t even take a day off!


Jim’s Comments:

Almost every year since we’ve been doing this online poll, we’ve asked about vacation for small business owners. Looking at these historic responses we saw that taking a whole week off has generally fluctuated on either side of 50%. But this year, I was happy to see that almost six of ten of our folks were going to take a week off, either to completely disconnect or to check in. This year, those who can only handle a couple of days at a time dropped, while those who can’t take any time off increased.

I’m going to have more to say about this in next week’s Featured Article, including how what I believe is a connection between these responses and the current condition of the Main Street economy. Stay tuned and thanks for contributing. Don’t forget to take our new poll below.

The rare and wild entrepreneur

If you venture into the marketplace jungle, you may be able to observe that rare wild creature, the entrepreneur, in his or her natural environment (darting is not necessary, entrepreneurs are very gentle - just rub their stomachs). As you study them, you will find levels of vision, curiosity, courage, tenacity, and faith. Here’s what to look for in order to identify this elusive critter:


Vision: Entrepreneurs see things and consider the possibilities before they exist, even as the world is telling them, “It won’t work.” When entrepreneurs are deep into their vision they go into what their families call a “zone,” which is when it’s easiest to slip up on them.

Curiosity: Entrepreneurs ask questions other humans don’t. They can’t help it. If someone asks you a question and you have no idea what they are talking about, you are probably having a close encounter with an entrepreneur. Don’t be irreverent; you might be at ground-zero of the 21st century equivalent of Velcro or the microchip.

Courage: Entrepreneurs attempt things that other human species won’t. As you peer through the triple canopy at your subject, look for death-defying acts in the face of conventional wisdom. Entrepreneurs eat conventional wisdom for breakfast.

Tenacity: Entrepreneurs keep trying when other humans give up. They have a high pain threshold, which when combined with a visceral desire that can only be compared to the maternal instinct, delivers a primal display of tenacity which often is frightening to other humans. If the entrepreneur you are observing is crouching, lie down quickly. You probably aren’t in danger, but fainting is a possibility.

Faith: Entrepreneurs believe in themselves and their vision. The great writer and even greater curmudgeon, H.L. Mencken, once said, “Faith may be defined briefly as an illogical belief in the occurrence of the illogical.” That’s our entrepreneur! If you see someone demonstrating an inordinate commitment to an “illogical belief,” congratulations. You’ve found your entrepreneur.


Catch and release, please.

Are you a professional or an amateur?

“Professionals are people who can do their job even when they don’t feel like it. Amateurs are people who can’t do their job even when they do feel like it.”

I like this anonymous quote because it helps me ask this question: What kind of owner are you, a professional or an amateur?

If your driving motivation to be a small business owner is status and control, you’re probably never going to be a professional.

But if you love what you do so much that you don’t want to be anywhere else but in your business, you’ll probably become a professional. You’ll become the kind of owner who shows up even when you don’t feel like it. When the chips are down. When the challenges are so great that they would crush the spirit of a lesser person.

Professional business owners know that they own more than just what’s on the balance sheet. They know that they also own their business’ challenges. And they are excited about that fact, because they know that when they turn one of those challenges into an opportunity, that also belongs to them.

Amateur owners don’t want the work, they just want the result. Professionals love the entire process, from alpha to omega, warts and all.

If you’re going to be in business, you must be IN your business. Professionals know this, amateurs don’t.

Check out more of Jim’s great content HERE!

Take this week’s poll HERE!

Watch Jim’s videos HERE!




Warning: fsockopen() [function.fsockopen]: php_network_getaddresses: getaddrinfo failed: Temporary failure in name resolution in /var/www/wordpress/wp-includes/class-snoopy.php on line 1142

Warning: fsockopen() [function.fsockopen]: unable to connect to twitter.com:80 (Unknown error) in /var/www/wordpress/wp-includes/class-snoopy.php on line 1142