How to Adapt Model Solutions to Your Business
A successful entrepreneur takes the stage, and the crowd sits on the edge of their seat listening intently to their story.
Usually the person has an extraordinary story of rising up from the bottom, hitting hard times, and recovering to go on to earn millions.
As the crowd rises to its collective feet to give a standing ovation, you decide right then and there that the success story you have just heard is also the model you want to follow.
After all, why reinvent the wheel if a successful entrepreneur has already carved a path you can follow.
But when you try and emulate the success, you suddenly realize the idea may not have been as straightforward as it sounded on stage. Many aspiring entrepreneurs sometimes hear the greatest advice they have ever heard, and then ask:
How do you adapt success advice to your own business?
The Plan to Follow a Model
The stories of successful entrepreneurs who created a business from their own idea are often model entrepreneurial journeys. Entrepreneurs are driving forces in the economy, and their perseverance and determination is inspiring.
Following a model someone else has set can be an excellent way to get your business up and running. Several courses offer ‘complete blueprints’ on how to repeat the work already done, and hopefully to achieve the same success. You can also find detailed blogs with guidelines and advice around an established model.
But sometimes the advice is so inspiring you want to just follow what others have done step-by-step. But when you go to do implement as instructed, you realize your business idea and plan do not neatly fit into the model.
Copying verbatim may not work because your circumstances are not exactly the same. You have to figure out how you could do repeat the model’s success – with your own idea.
Where do you start?
Break down Details
Using an origin story you may or may not be familiar with – the creation of Facebook – you can begin to document the details you know, and identify the gaps that are missing.
In general, you probably know that Mark Zuckerberg and his partners built Facebook in their dorm room at Harvard, and released the site to Harvard students, before dropping out, going to Silicon Valley and formally creating the company.
If your business idea is to build a social-sharing website, and you want to follow this model, you would also intend to build on your own until you can attract venture capital funding.
Sketch the existing model
1. Gather all the Details from the Model You Can Find.
Often when a successful entrepreneur tells their story, they do not give you all the details. You might hear about the late nights coding, and the conflicts with partners, but you do not learn the specifics, especially about technical obstacles or marketing.
How did the site get built? How was it promoted? Who was the first person to sign on and why? Did the founder have 1,000 friends who clicked on links the first day?
When you try to emulate someone’s success, and are unsuccessful, you might think there’s something wrong with you – that you are unable to do what the most successful do.
But in fact you may not have all the facts. Before you even try to do what someone else has done, document exactly what you know, and what you don’t know. Make sure you fill in the gaps for information you have not yet heard.
If you do not have a step-by-step guide to how to finish the job, you will have to research other sources to try and figure out what’s missing.
Since you know what the final product looks like, you can spend some time to visualize and reverse engineer the complete process.
Ask questions about the pieces you do not understand.
2. Fill in the Gaps
Where do you find the missing information?
Keep doing research.
Do enough research to figure out what you have to do next. Do not drift in to analysis paralysis, and halt your entire business launch while trying to find out everything you need to know.
You will never know everything you need to know. You will only have enough to get started before you begin trial and error to see exactly what could happen with your business.
If you’re trying to build the next great social network, and you know nothing about technology, start by finding out the basics, like how user interfaces are created. Talk to programmers and coders who understand the process. And designers who can help you make the product user friendly.
If you are not doing something as complicated as building a social network, but you are building a website and want to copy the process of a successful ecommerce company, you will almost certainly need to get started to learn what the market is buying, and how you can deliver for your market niche.
3. Build your community
Often the biggest piece of the entrepreneurial success story that is often left out of the current record is the marketing and promotion that intrigued the first customers.
Understanding how this business reached its market is absolutely critical to your success as an entrepreneur. You could have the best product or service in the world, but if no one knows about it, you will not have a business.
Conversely you could have a decent, not spectacular, product or service, and be wildly successful because the customer base responds well to your offering.
In all cases, you must respond to your own results, not try and directly copy what someone else has done. If your marketing does not work, look at your product or service, market targets and the current environment.
Trying to make the same adjustments your model made may be futile if all other circumstances for your business are completely different.
To learn more about what it takes to match someone else’s model, see my upcoming podcast and blog series where I will break down my attempt to capture the magic of someone else’s 30-day plan.
Summary: How to Follow a Model
1. Make sure you know all the details you can learn about the business you want to model. You won’t find out everything the founders did, but document what you do know so you can decide what you have to do next.
2. Fill in the gaps for the missing information. Continue researching or talk to experts who may be able to give you insight into the actions that you need to take.
3. Build your own community. Focus on your own marketing and promotion. Everything changes, the world around you, the economy, society – what worked for a business at a certain point in time, may not work for you. Make make sure you are prepared to set up your own promotion plan before going forward.
by Case Lane
Entrepreneurship and entrepreneurs have a long, dynamic impact on the economy, and society in general. If you look at the great grand inventions like electricity and automobiles and planes – you can quickly conclude that entrepreneurs are basically indispensable to progress.
Now as our society evolves and changes with technology, what is the role of entrepreneurs?
In the documentary, Consume this Movie, they put the transition of human labor like this: when human beings first became settled around farms, they traded with each other using barter – you do something for me, I’ll do something for you and it’s even.
When cities were formed the farmers could sell their goods – grain, fruits and vegetables to the city dwellers and buy stuff they need for the farm – equipment, tools, implements – goods for goods on an individual basis.
When the industrial age came around, large groups of people left the farm and gave their time and their labor in exchange for money, they earned in large organized industrial enterprises which required concentrations of labor at a time so you traded – time for dollars.
Now in the technological age, we have a new trade going on for human brainpower – information, knowledge and how-tos. Which means entrepreneurs are among the best positioned people to take advantage of this evolution. Because 21st century entrepreneurs like you are all about the application of knowledge, and the distribution of information.
Are you ready to be part of the Brainpower Age?
The brainpower required in the digital age means that instead of needing to have a certain type of body to do a job, you need to have a certain type of mind. One that can think and produce results through your ability to analysis and act.
An entrepreneur is a brainpower person regardless of the type of product or service you are delivering to the global marketplace. You have to figure out first where you can add value. This requires observation, contemplation and curiosity about the opportunities around you.
As an aspiring entrepreneur, the Digital Age is a set-up that’s tailor-made for your chosen pursuit. Since you are already that person who is looking at the world critically and looking for opportunities. You are not just going passively go through life. Even when you may be working at your 9-to-5 or studying in school, you are actively looking at the world, and wondering where you can make your contribution.
This constant firing of your brainpower eventually leads to a spark that creates a business that provides a solution for those who want or need your product or service offering.
The evolution of our labor force towards a more knowledge-based individual is sweeping you up from your position as an entrepreneur. This inevitability is exciting and loaded with possibility. The knowledge you gain building your business can translate across other enterprises.
Many entrepreneurs do not build just one business, so your brainpower skills, the successes and challenges, are continuously worthwhile in an advanced economy.
Some may believe the Brainpower Age is going to limit the majority of humans from finding productive employment because, unlike during the agrarian and industrial ages, the thinking you have to do requires analysis that people do not typically use.
Without an education system that encourages analytical thinking, many people will rise to adulthood and not be able to cope with the demands of the tech age.
The transition has already begun, but it’s important to understand, the current lapse is not a permanent state. The education system just happens to be behind the times, eventually people will catch up.
The Tech Age is Designed for Entrepreneurs
For entrepreneurs, technology is actually designed to allow thinking people to participate in the new economy without having to code. How often do you see new software that specifically says – no coding required.
Living in the Brainpower Age is not an untouchable reality if you are not an engineer or computer programmer. You can take advantage of online tools by learning how to use them, or you can use online services to outsource to another individual who is willing and capable of doing the work.
In all cases, you are participating as an entrepreneur in this economy because you are thinking for yourself, and developing your contribution based on your own analysis. What makes you part of this evolution is your ability to look at the world differently – and to act on what you see.
Take Action
As Tony Robbins says – knowledge is not power, execution is power. You have the knowledge when you see opportunity that you can develop as an entrepreneur. But you become an entrepreneur when you execute on that knowledge and build your business.
And you execute really well, when you use existing technology resources to make your business move forward. You can get your landing page or website up and be doing business all over the world without being a computer programmer. But you do have to know and understand how to use the software tools that are available.
The difference for today’s entrepreneur is you have to be willing to adapt and experiment even with established software because there are so many features available. Microsoft Office products have been around for 35 years, which is amazing – and although there are tens of millions of people who use its core products like Word and Excel – there are probably not more than a handful, if any, who know what all the features are.
You, as an aspiring entrepreneur, take the features that are of interest to you, and adapt them to your business. You can share documents across borders, and people do not need an explanation of how to use the features either. Everything is just available.
In my fiction books, in the Life Online series, which take place in the near future are about global cyber threats. But the underlying societal situation involves a world where most people are docilely functioning under an omnipresent Network, and thinking people like entrepreneurs are taking advantage of technology to give themselves a better life.
You want to be using your brainpower to ensure you capture the gains of tech change and minimize the losses.
Summary: Your Opportunity as an Entrepreneur in the Digital Age
- We are past the time when you bartered and traded your production equally with someone else
- We are past the time when you produced goods with your labor and sold them for goods that others produced
- We are past the time when you traded your hours for dollars in organized industrial enterprises
- Now is the time you can use your brain to create from your imagination, observation and analysis, a valuable product or service that you can deliver directly to those who want or need it
- As an entrepreneur today, you are participating in the evolution of the labor force and society by being someone who is actively not only observing, but also taking action
- You provide value through thinking and organizing knowledge in a way that people want and need to absorb it
- And you create a community, tied to your vision and your brainpower
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How to Gently Dump Someone so You can Get On with Your New Business
by Case Lane
Ending a relationship is never an easy conversation. But it’s necessary.
A bad boyfriend or girlfriend needs to be removed so you can move on and find someone new. Ending a marriage is more dramatic and typically requires third parties to finish the process, but the reasoning is the same – both sides must be permitted to move on.
But when it comes to toxic friends and family, many aspiring entrepreneurs remain aspiring because you feel obligated to remain among those you have always have in your life. Even when you have made an effort to improve your personal development or began researching how to execute on your business idea, you play along to get along with the people who are in your life.
Define ‘why’
You want to start your own business and spend time on the product or service idea you have developed, but maybe you are married, or with someone or have other family obligations, or a lot of friends who expect you at parties and events, or you feel you must be wherever they are.
That’s your first mistake. You are holding yourself back. By discovering and reading this article, you have already declared your intention to start your own business. If the people around you do not want to move forward to the next level, you need to breakoff the relationship.
But how do you get away…gently?
Consider dumping toxic people – your friends, maybe your family too, and definitely your colleagues at work – is all for a good cause, your personal lifelong dream to start your own business.
Identify your Supporters
You don’t have to dump anyone if they are all on your side. But unfortunately for many aspiring entrepreneurs no one is cheering them on. And to break away and really do what you want to do, you have to practice some tough love.
Recognize Your Contribution
You have done everything you were supposed to do – college, professional life, family relationships, and connection with friends. You do everything the way you’re supposed to do it – you go to every birthday party and wedding, you ‘like’ every Facebook post, you stay on the phone for an hour, or more while someone goes on about some guy who just left or the girl who just showed up – and that’s your life.
At work, you attend all the right meetings, fill out the mandated reports, and smile politely and engage in idle chatter with everyone with a title.
But during those birthday parties, and phone conversations and meetings, you are thinking about your business idea, marketing for the product or service, plans for your website – and you find that thinking along those lines makes you happier than the other activities.
But you feel guilty. After all, you have dutifully gone along with all the friends and family and colleague rituals for years. You’ve laughed, cried and hugged everyone. No one would ever suspect that the whole time, you were trying to figure out how to gracefully dump everyone so you could concentrate on the real passion of your life.
Recognize Your Actions
Every day you think about your business, you also feel more and more drawn to getting started. You listen to the Ready Entrepreneur podcast, read books about entrepreneurs, and research your business idea and target industry.
In fact, in reading books about entrepreneurs, you notice a common pattern. The most successful people never settle for ‘regular’ lives. They were able to roll right into starting their own business without holding back and clinging to all those old relationship ties.
The 19th century moguls – Carnegie and Morgan – were all business, all the time. Bill Gates dropped out of college to go work on his business, so did Mark Zuckerberg. Patricia and Mel Ziegler who founded Banana Republic were both working at a newspaper and left together to start their business. Sir Richard Branson was always involved in some entrepreneurial venture right out of school.
So it seems at least as the writers tell the story, these famous entrepreneurs never had to figure out a way to sneak away. In fact, from the beginning they found friends who were also business partners, like Gates and Paul Allen, and built their business together.
So what should you do?
Strategies for Gently Dumping People from Your Life
One huge caveat: people who are married or who have minor children will probably not be able to just walk away, and should to reach an amicable solution with those to whom they are legally obligated.
For aspiring entrepreneurs who are trying to gently remove people from their present lives who do not reflect their future, your task is going to be to take these strategies and wedge them into your life.
Communicate
You do not owe everyone an explanation, but there may be people in your life who you are particularly active with and therefore you need to explain what you are doing when you decide to back away.
Tell them you are starting a business and see how they react. The people who want to laugh at you or tell you you can’t do it are the first people you can walk away from without feeling guilty.
For the people who are supportive, you won’t have to worry about stepping away. They will understand.
Start Saying ‘No’
You need to start saying ‘no.‘ For once-in-a-lifetime events like weddings and funerals, you can say yes,’ especially when you know it’s easier to say ‘yes’ than to explain why you were not there.
But for the regular occurrences of parties and dinner, saying ‘no’ is going to be difficult at first. People are going to be insulted and angry by your indifference. But you have to make time for your business and for the plans you have.
Remember you are becoming an entrepreneur because you have an idea for a product or service that will add value for people who want or need your product. You are going to be helping many people with your solution. Your new community is waiting for you. If the old one does not understand, you will have to move on.
Roll out your ‘no’s’ slowly. Start with the least important events while making sure you let your existing community know you are committed to the big events.
Be Present When You Do Attend
When you are with people, be your old self. Engage with them and let them tell you their stories. Learn to be a listener. You will be attending fewer and fewer events so these few hours when you make the effort may be tedious and boring, but limited on your agenda.
At the office, focus on the work over idle gossip. Recognizing that every office is different, and the dynamics of your situation will dictate your behavior, but the idea is to use the time at the office to your advantage.
If you’re still at the office, use the time to learn as much as you can about business operations or administration that you could use in your business. Talk to people you have never spoken to about their work, and let them teach you information you can use. You can learn what not to do, and the activities you think are good or trivial.
Once you know you’re going to leave to start your own business, stop joining in the office gossip, and going out to lunch. If anyone is in your confidence, you can tell them what you’re doing, otherwise just make your excuses. Soon your colleagues will stop asking you to join them and your time will be free.
Schedule Text and Social Media Time
You are going to have to slowly wean yourself off of texting and social media with friends and family. Schedule the time when you will look at your phone for social reasons, for example at 9 am, 3 pm and 8 pm – or something similar. Turn off the buzzer on your phone, and turn off all social media notifications.
If your work and personal phone are the same, try not to look at the personal posts and emails. You will not be able to get on with your business if you are trying to get to your phone every minute.
Those closest to you will call if there is an emergency.
Summary: How to Gently Dump Someone so You can get on with Your New Business
These simple behaviors are designed to give you the time to focus on starting your business, and moving your life towards your goal of lifestyle freedom. You are doing this to have purpose and fulfillment in your life.
Some people may not support your intent, but those that do will be with you on this gloriously fun entrepreneurship journey.
- If you have already done everything you are supposed to do, then you likely have a life of family, friends and colleagues who expect you to participate in their social interactions and casual banter just when you want to work on your business
- To move away from them – communicate – with the ones closest to you so they know what you are doing
- Start saying ‘no’ to the least important events, and work your way up until you have to say ‘yes’ to the once-in-a-lifetime events
- Be present when you attend functions and events. If you still want to be with everyone, let them know you still care
- If you’re at work, use the time to understand business concepts. If appropriate, speak to people about their work to learn information you may be able to use in your business
- Say ‘no’ to gossiping and social lunches – soon your colleagues will stop asking you to join them, and it will be easier to walk away
- Schedule text and social media time, outside of work to limit the hours when you will check for texts and social media
If you implement these tips, hopefully you can have a graceful exit from the past and a triumphant entry into your new future.
Keep Your Dreams When the World Changes
by Case Lane
When the New Year’s celebrations lit up the world on January 1, 2020, most people were bracing for an exciting year. The Olympics, elections, a growing economy, lots of travel, weddings, graduations – all round celebrations and good times…just like normal.
As an aspiring entrepreneur you may have been planning your big breakthrough – the changes that would take you to the next level.
You could have guessed a financial or operational issue might have thrown you off for a day or two, but you had no reason to believe you would end up living in a completely different world.
For the first few months of 2020, as a global pandemic spread around the world, and governments made the unprecedented decision to shutdown all movement – you found yourself stuck, literally – with the greatest question of your life so far – what are you going to do next?
Lessons from 1890
Unless you are over 102 years old and remember the last global plague, you are living in a world you never knew could exist. Unlike during a war when commerce and socializing continues, this disruption has forced fundamental changes in how we live, and how we view the world.
Suddenly when all the sports activities were canceled, you could feel sorry for the athletes losing their income, but also recognize the insignificance of the game in the face of thousands dying.
When the schools were closed, you could be challenged by the idea of trying to help your kids at home, but not really aware of those who would not have your resources.
As conferences were postponed, hotels shuttered, and restaurants operating only through the delivery window, you could develop an entirely new perspective on the idea of an economy. The people you debated tipping became your lifeline.
Those with professional positions mostly went to their now at-home offices to wait out the shutdown with their families, worried only about getting enough toilet paper to last for a few weeks. But those in non-essential, non-professional positions stared at bills to pay, and promises that could not be kept, and wondered what they could do.
For the first time, the people who always work, always find a job somewhere, had nowhere to go to stay independent, self-sufficient and free.
And those deemed essential – from doctors and nurses, police and fire, to delivery drivers, mail sorters, grocery store cashiers and customer service operators – found themselves with extended hours, no breaks, no vacations, and the daily threat to their lives.
The air is cleaner, you can clearly hear birds chirping, you can ride your bicycle down Las Vegas Boulevard or the Champ d’Elysee. And yet behind closed doors, an unimaginable level of suffering has been unleashed on a population that may never recover.
The Entrepreneur’s Dilemma
So where does that leave you, the aspiring entrepreneur?
If your bold pronouncements of going your own way and starting your own business fell on skeptical ears before the pandemic, how are you sounding now? Are you afraid to face the scorn of those who told you to stop being selfish, and get a real job – if you can find one?
Are you considering making yourself essential by offering to work at a warehouse, fast food restaurant or security desk – just to participate in the greatest economic upheaval of our time? Are you afraid to mention an interest in making money, adding a new product or service to the marketplace or delivering value?
If you’re saying yes, yes, yes…ask yourself once again why you want to be an entrepreneur.
Your Dream is Alive
Your life dream to be one of the risk takers who fills a gap in the economy by working day and night to deliver value for those who want or need your product or service has not ended because of the shutdown.
Your dream cannot end. In fact, it’s the opposite. People need the ambition, drive, vision, innovation and penchant for risk that entrepreneurs deliver more than they ever have before. Can you just not feel the ringing desire for someone – anyone – to come up with better solutions to our current problems?
Who but the entrepreneur can even think about what needs to be done. The failure of government in many countries has never been more acute. And the indomitable spirit of ingenious individuals has never been more pronounced.
It is not too outrageous to claim that the global visionary thinking of entrepreneurs may just get us out of this mess. From the labs that are racing to a cure, to the retooling of factories for essential goods, to the rapid adaptation of businesses from offices to home-based, entrepreneurs the world over are looking for new and innovative ways to make this world, as it exists right now, work.
Your dream to be among the entrepreneurs actually has to be stronger than ever before, and your determination to be a person who takes risks and delivers value must be galvanized at this moment.
Your Next Act
What you need to be doing is not lamenting loss, but thinking about opportunity. And not exploitive opportunity, but real value ,and real possibilities that move the world forward.
If you are that person who has always had business ideas in your head, and you wanted others to respect your vision and plans, then show now that your desire to be an entrepreneur is not just a passing fancy where you plan on earning a million bucks, living in a mansion and driving a Rolls-Royce.
Use this time – this tough economic, social and personal time – to show that your commitment to entrepreneurship is about who you are as a person.
A person who delivers value.
A person of ideas.
A contributor.
And someone who is ready to adapt and to lead.
Use this time to improve on every level, read more, research your ideas, learn new skills, enhance your business knowledge, and be part of the solution.
This is not the time for you – the forward thinking participant in the economy – to bail out in despair. You can set the example for others by doubling down on the situation you see around you to come out stronger on the other side.
How do you keep your entrepreneurial dreams when the world changes around you?
You take action. You keep moving through your plan to create your own business. And you make it happen.
The nature of being an entrepreneur and thinking as an entrepreneur means you hang on and move forward through turbulent times.
Your vision, your ideas, your perseverance are all needed more than ever.
Find a way to contribute.
Bring your value forward.
And make your impact.
A Quick Start Guide to Online Entrepreneurship
Many aspiring entrepreneurs want to start an online business. The idea of low or no start-up costs, running an empire from your laptop, and being able to use all the latest technology in your day-to-day operations is appealing and romantic.
Many believe online entrepreneurs move faster, get things done easier, and reap immediate rewards by keeping their entire business infrastructure online.
The Internet is full of success stories from people doing what you want to do. But what, if anything, makes their process different from any other type of entrepreneur?
To listen to these tips, check out the Ready Entrepreneur Podcast Episode 062: A Quick Start Guide to Online Entrepreneurship at Apple Podcasts or wherever you like to listen to your podcast
What does it mean to be an online entrepreneur?
Being an online entrepreneur is the same as being an entrepreneur in general.
Entrepreneurs identify value to deliver to the global marketplace. If you have a product or service that people want or need, and you want to bring that product or service to a potential community, then you are already thinking like an entrepreneur.
You become an entrepreneur when you get the business started and reach out your potential customers.
What is different for an online entrepreneur?
To understand any potential differences between online entrepreneurs and traditional entrepreneurs start with the definition of an online business.
An online business means a business enterprise that delivers products or services only over the Internet, and you earn your revenue the same way. You take advantage of online tools and resources to get your idea in front of your community.
Some of the most popular online businesses include blogger, vlogger, podcaster, author, teacher, software designer, artist, editor, copywriter, marketer…and the list goes on and on. These are all businesses that can be started and function only online.
For the purposes of this article, online businesses are those that were created through the rise of the Internet, and its applications.
Old vs. New
Traditional businesses that are now conducted online are different from new economy businesses that were invented online. If you are a licensed professional in a traditional business like healthcare, and you start providing medical advice online, you are governed by a different set of rules than a blogger who starts providing opinion about a healthcare issue online.
An aspiring entrepreneur starting an online business must decide: what business you are in. If you are in a regulated industry, you must follow that industry’s rules even online. If you are in a new economy industry, the rules are still murky and somewhat free. However, the environment of online law is changing rapidly, by the day, and all entrepreneurs must be aware of how these changes may effect their business.
A Website or Landing Page vs. Social Media presence
When starting an online business, an aspiring entrepreneur must know if there are potential customers. And the potential customers must know where to find the entrepreneur.
Many online businesses start with a website, but some avoid even that early expense by focusing on a social media presence.
If you have only social media, your biggest challenge will be in knowing who your audience is, and finding a way to keep them as part of your business. Setting up on Facebook, Twitter or Instagram provides you with a free forum for posting about your product or service offering. You may even be able to communicate directly with your community using services like Messenger. This may set up your initial business, and even provide you with a few customers.
But you also have to think of the customer experience. With a website, you can set-up and organize all your information in an easy-to-navigate format. Most importantly, you can host a permanent location for new and interested customers to sign-up with you and learn more about your product or service.
Own your audience
From the first day you begin an online business, you want to be able to own the potential customers who come looking for you by maintaining a relationship with them. You start by giving them a place to sign up for more information. When they sign up you get their e-mail address, and you can ethically continue to communicate with them about your product, service or related issues.
If your audience is only located on a third party platform like Facebook, then that company owns the audience. You can be kicked off of Facebook at any minute, and at that point you lose the audience and all the comments and connections you may have made.
If you own your audience, you control the relationship.
To own your audience, you can sign-up for an e-mail management service like ConvertKit that provides both forms and landing pages for you to collect e-mails, and back end organization for the e-mail lists you have. You can learn to use the service’s features which automatically upgrade your plan as your email list grows.
New Rules
Aspiring entrepreneurs should be aware of the regulations that are being implemented to protect people’s personal information, children, and commerce in general.
Taking possession of someone’s email information means you are subject to privacy regulations. Most legitimate entrepreneurs state upfront that they never sell or share an e-mail with a third party. This type of transparency helps build trust with your audience, and positions you as a business that does not need to run scams to attract people for only their e-mail address.
If the content you provide is not suitable for children, you must also be aware of the appropriate warnings that you need to include to warn parents and others.
Even with the focus on issue like privacy, other Internet practices are not diligently governed, and you must police yourself using common ethical standards and practices.
The Internet is global, anyone, anywhere in the world can put up any type of online front page and be in business. The governance for this behavior is not universal, nor recognized by everyone.
The reality is both an opportunity and a trap. If you are doing business with the public, you are subject to certain rules and ethical practices. If you abuse people’s trust, they will find a way to bring down your business. The same forces that allow you to successfully join the global business community in a matter of minutes can end your business just as quickly if you prove to be unworthy of their trust.
The best practice for an aspiring entrepreneur is to be prepared to behave online as if you are facing your customer directly in the face, and not as if you are anonymous and unaccountable for your actions.
Which Online Business should you select?
The criteria for deciding which business idea is best for you to start is another article. In general, you should consider:
- A thoughtful, truthful personal brainstorm on your strengths
- Issues or problems that come up in every day life
- Products or services you would use to make your life better
- Align the above with your education, experience, knowledge and hobbies
When you have your idea, you decide which platform is best for delivering it to the global marketplace. Here are some useful links depending on the type of person you identified with above:
For personalities – Start Video-blogging
For Teaching Others – Start an Online courses
For techy types and gamers – Create an App
For software designers – Create Software as a Service (saas)
Online entrepreneurship is the same as all entrepreneurship. You identify value you can deliver to the global marketplace through a product or service that will solve a problem, or deliver a solution.
Summary of The Quick Start Guide to Online Entrepreneurship:
- As you are getting started, decide if you are moving a traditional physical world business online, or starting with a new economy purely online business like blogging
- If you cannot decide, check out the resources just above this section for how to get started in the new economy areas
- Once you have an idea of what you want to do, decide if you want to have a website or strictly social media presence as the place where your potential community can connect with you. If you have a website or landing page, you can begin immediately to collect e-mail addresses and communicate directly with people who are interested in your product or service. If you only use social media, you can get started right away, but you do not own your audience
- Be aware that just because you are online does not mean you are above the law. You must still recognize laws, regulations and ethical practices when dealing with the public and operating online
Disclosure: links to ConvertKit on my site are affiliate links which means I earn revenue for eligible purchases that helps support this website and other resources for aspiring entrepreneurs.
How Entrepreneurial Wealth is Achieved
by Case Lane
Getting rich is part of the entrepreneurial story. Successful entrepreneurs start out focused on the product or service they will bring to the marketplace, but when their idea takes off, they become even more defined for having achieved wealth.
To learn how the wealth emerges, the biographies and autobiographies of successful entrepreneurs form a blueprint for an aspiring entrepreneur to understand the process.
But many people do not take the time to read the books, and remain curious about how an entrepreneur was able to become wealthy.
We have a natural curiosity about how people became wealthy. There are many wealthy people who are not entrepreneurs and never were in their whole family line. You can get rich by winning the lottery or inheriting. You might even just buy an expensive piece of art for a bargain price at a flea market. Multiple roads to wealth exist.
But people primarily equate entrepreneurship with getting rich and living the life. People tend to forget about the work part, and only focus on the money and the life of leisure money can buy.
But if you dig deeper into the lives of entrepreneurs, the millionaires and billionaires who highlight all the stories, you might discover a reality about achieving wealth that people seem to be forgetting.
If you investigate a little further, you may realize, the secret to accumulating wealth is, as it has been for millennia: doing the work.
Part of the entrepreneur story is about money, the books and articles are written about the people who get rich. But for the wealth generated by entrepreneurs, the story is simple: Wealth is achieved through work – continuous, dedicated, unwavering work.
Build the Business Over Everything Else
On the road to wealth, you cannot have your cake and eat it too – meaning no birthday parties. When the most successful entrepreneurs tell their stories, they have nothing to say about going to parties, hanging out with friends, gossiping, surfing the Internet, playing video games, or binge-watching videos.
They talk about focusing day and night on their business idea, and bringing it into reality.
The willingness to be singular focused on business separates the wealth creators. You have to be obsessed with your business idea.
For some people, dropping all leisure pursuits sounds frightening, especially if you have already begun a regular life full of birthday parties. The most successful entrepreneurs never seem to have succumbed to the repetitive socializing routine, at least not once they were working on their business.
Change Your Life Routine
But for aspiring entrepreneurs who already have a ‘regular life’ full of social obligations and friendships, switching gears is a daily challenge.
If no one you know is doing what you are doing, and you want to focus on business 24/7, you have to make a choice.
The next time you receive an invitation for a general social function – not a wedding or funeral – but a theme party or drinks or dinner with friends – you have to decide what’s more important to you. Having yet another drink in yet another bar, or bringing your business idea into the global marketplace.
You are already someone who thinks differently from your circle. You are interested in delivering value into the world by helping people solve a problem using the product or service you create. Not everyone thinks like this. Most people do not think about big world problems at all – but you do.
And because you do – you have an opportunity to transform your life by bringing your business into the market. But you have to do the work. No one is going to know about your great idea if you do not develop it. No one is going to see or hear about it if you don’t market and promote it. The entire story is in your hands, and therefore it’s your responsibility.
Wealth is achieved by making the commitment to fulfill a need and then doing it. Once people become consumers, you can manage the market, and the reward that comes from helping them. But they know nothing about you until you’ve done the work to make yourself relevant to them.
The wealth that’s waiting for you is dependent on the effort you put in to obtain it. The question you have to ask yourself is – are you willing to do it?
Summary for How Entrepreneurial Wealth is Achieved
As a rising entrepreneur, you are curious about how wealth is achieved. You see many entrepreneurs who are rich, and you know their products or services, but how did they become the people who delivered those ideas to the market.
- They did the work. It’s that simple and that difficult.
- If you already have a regular life, and have not been tinkering in your garage since you were 10, you have to make an adjustment, which other people may not understand. You have to begin turning down social invitations, stop idle conversations and focus on your business
- Change your day, change how you behave and start operating like an entrepreneur by working on your business in every spare moment
- Change the conversation to business. If people in your life are not interested, you have to make a choice. You are not trying to convince other people that you can be an entrepreneur. You are trying to bring your great product or service to the people who need it.
- Make a commitment to yourself that you will work to success, just like every big-name entrepreneur has done in the past
How to Wake Up Ready
by Case Lane
When you set out to take control of your life, by starting your own business, there are two things you are trying to do at the same time – transform your life to the routine you really want, and start a business.
These ambitious plans and activities should not be taken lightly. To accomplish this major rewiring of your attitudes and your actions, you need to wake up ready to go. Each morning has to be about jumping at the chance to put yourself exactly where you want to be.
But at the same time you’re facing your reality – going to a job you might not like, family demands, financial issues. You need to psyche yourself up for the amazing plan you have to get to lifestyle freedom.
Set Your Reason for Getting Up
First and foremost, you want to control your own life – your working life. You want to be your own boss, do work that you really value, and bring your ideas forward into the global marketplace.
To do that, you want to start your own business. You want to become an entrepreneur, be that person who takes the risks, but reaps the reward of doing something unique.
Given that goal, you need your energy, perseverance and courage to make the changes you need to make to be where you want to be. You need to wake up ready.
Value Yourself
You must believe in your personal value, and your contribution to the world because when you do – you wake up with a smile on your face, ready to roll.
When you value yourself, each day is about achieving more, challenging yourself and embracing opportunity. Your ability to be ready is tied to your own vision of why it’s important for you to be ready.
You have something to offer. An idea for a product or service that the global marketplace wants or needs. And you are willing to take the risk to bring this product forward so that you can help people solve a problem.
Give yourself all these great reasons to wake up in the morning? To jump up and get on with the job. You have a clear purpose. But just as important, you know you are the person who can fulfill that purpose.
Picture Your Entrepreneurial Life
Have a clear idea in your mind of exactly the life you are trying to achieve. Not just in a general sense of a product or service you know you want to deliver. But the entire picture. What does your perfect life dream look like?
Make sure you know your own vision. If you wake up thinking about your plans, you can give yourself the spark to get to work immediately on making the dream a reality. Fall asleep with your goals too. And wake up ready to implement.
Someone once said ‘it doesn’t matter where a girl comes from, as long as she knows where she’s going.’ That’s a great phrase.
Have a Morning Phrase
Give yourself a morning phrase – a summary of your intention. Pick a line like the one above and repeat it. Make sure it’s a phrase that gives you confidence to get things done.
Establish a Morning Routine
Create a consistent morning routine. Hal Elrod’s best-selling book ‘The Miracle Morning‘ is a great place to start. Hal took six commonly known self-reflection activities – reading, mediating, visualization, affirmations, exercise and writing – and developed a process for you to do all six each day with intention. The key to getting the activities done is to get up earlier, and make the routine the first thing you do each day.
TMMers (that’s the community built around the book) recognize that the early start to specifically focus on having a great day – sets up a great day. Not all advice fits every lifestyle, and the six practices can easily be modified or adapted to suit a particular lifestyle.
But the basic concept remains the same. But the key is to give yourself something to do immediately when you wake up.
You may even prefer different activities like – sing a song, cook, check the stock market figures – any consistently done morning activity gives you a reason to get up and start your day.
Know Your Daily Goals
Know the key activities you want to accomplish each day to advance your business. These goals can be set and reset as often as needed, and can be tactical activity in support of larger annual or monthly goals.
You want to give yourself designated activities to do every day. Daily goals include activities you want to be doing consistently.
Also keep a goal to review all goals on a regular basis so you are adjusting to the changing reality of your situation.
Summary for How to Wake Up Ready
You are working on transitioning to the life you really want by becoming an entrepreneur and starting your own business. To wake up ready every day…
- Start by valuing yourself. When you wake up knowing that you are a valuable person with a contribution that must be made, you can instantly put a smile on your face and a spring in your step
- Have a clear idea of the life you are trying to achieve. Go to bed thinking of the world you are building for yourself and others, and wake up each morning with that vision ready to set you up for the day
- Give yourself a morning phrase – what can you tell yourself each morning to keep yourself on track
- Have a morning routine. When you wake up and you instantly have something to do, you prompt yourself to act immediately
- Set and review your goals. If you have daily goals already set, you can look at them the night before, and be ready the next day to execute on exactly what you need to do
Disclosure: Links to books and physical products are affiliate links to Amazon.com. I earn for eligible purchases. There is no additional cost to you.
Offline U: The Education You Get from Not Going to College for Business
by Case Lane
Aspiring entrepreneurs have heard they do not need to go to college to obtain the information they need to run a business. There are other ways to obtain an education. But the ‘other ways’ are not always clearly defined.
The value of post-secondary education has always been in its formality. Not only do you do through a prescribed set of courses that result in a diploma, but also the diploma is recognized because other people understand the process, and the value of the paper.
But given the cost, time and demands of a formal college education, many are opting to move forward with a business and you do not want to use formal education to help you. Aspiring entrepreneurs want to learn in the real world, doing real business activities.
How do you succeed without the college formula?
Neither business school nor college is necessary to become an entrepreneur. Many successful entrepreneurs did not go to college, and few (as a percentage of all entrepreneurs) come out of the B-schools.
But both business school and college are also considered outstanding opportunities. College is still the ticket to higher wages, professional careers and advancing in life.
The challenge is to determine which path fits for each individual situation.
Go ‘Offline’
An aspiring entrepreneur can obtain an education, learn the facts and concepts necessary for business outside of the formal college campus. A self-disciplined person can pursue an ‘offline ‘course of study that will help achieve the success they’ve been looking for.
And self-discipline can be imposed if the person has some idea about what to do to achieve similar results to the formal college student.
This approach is Offline U because many courses of study are presented online, and are still formal methods of learning.
Offline U means turning away from all structured education to learn through direct action, observation and doing.
You get the information you need from available sources, usually for free. Following this path, you have to remember the information is not going to be presented in any particular order or context like in business school. You are not going to be able to segregate the marketing information from the finance information. You are going to require your own system for doing that.
So to start, you decide how you are going to organize the information you receive.
If you already have a business idea, the ‘offline’ course of study can be even more productive because questions and information gathering can take place within the context of turning your idea into a business. The research becomes directly practical.
If you don’t have a business idea, you can use one that already exists to practice how to frame your ‘offline’ studies around a specific product or service.
Once the organizational infrastructure has been set-up for your offline education, you can implement the following practices to give yourself an Offline education that advances your business opportunities:
Read books and articles about successful entrepreneurs
The information you need about how entrepreneurs built their businesses is readily available in thousands of magazine articles and hundreds of books. The blueprints are spelled out in black and white.
If Sir Richard Branson were your best friend, you would read all his books to have the answers about how he built his business, not ask him to explain the story (or else he would know you had never read his books).
Reading the entrepreneur’s story allows you to understand the background how the enterprise was built.
Reading entrepreneurs’ stories also reveals one obvious and timeless fact – the most successful entrepreneurs did the work. They worked night and day on their business enterprise, and reaped the reward. It’s as simple, and as difficult, as that.
Interview someone who is doing what you want to do
If you know anyone near you who is a successful entrepreneur, ask for an interview. For the cost of coffee or a lunch, you may get information that is never taught in school.
To get the interview, honestly make the request from the perspective of a niche demographic that is either unique or aligned with the person’s causes or ideas. Even if you are a working professional, if you belong to any type of club or organization find a connection with the person you want to interview.
You can also interview on behalf of the organization perhaps as a profile for their newsletter. But make sure the request is legitimate.
Research the information other people are saying
Today you can find a lot of material about entrepreneurs and businesses, including interviews, documentaries and profiles that reveal more about how the business is run than you may have calculated.
Do a search for these resources, both positive and negative. Give yourself time each day to spend an extra hour or two with stories that give you ideas. Take notes, and then go back and review your notes, and put them in the context of your own business idea.
Meet like-minded people
Take a look at the meet-ups for entrepreneurs in your city or events that involve entrepreneurs. If you’re shy, approach different people with the same prepared set of questions. For example, ask:
‘I’m curious, how’d you get started as an entrepreneur?’
‘What do you wish you knew from the beginning?’
‘What do you think was the one key to growing your business?’
People love to talk about themselves, especially if they have a willing, eager audience. While stroking an ego, you can give yourself an entrepreneurship 101 lesson.
Go to work for an entrepreneur or organization you admire
If you want work that is meaningful, but are not quite ready with your own business, you can check the job openings at companies you admire, or with organizations you are interested in exploring.
One caution, going to work for any company may not be as glamorous as you could hope, and you may never meet the founding entrepreneur. In fact, the experience may even be a turn-off. But you will learn.
All experience – work, education, going to the store – could teach you something you did not already know which could help you in your business.
If there is a business run by someone you admire, and you think they could use someone like you, there’s no harm in applying, and earning money instead of spending it to get the information you believe you can use in your own business.
Attend conferences
Conferences will cost you some money, but the events are rapid-fire learning experiences. Pick the conference that focuses on your business idea or industry, and use the opportunity to not only learn about the industry, but also to meet other people working in the same field.
You might even find the connections that will feed back into interviews, meetings or employment opportunities that lead you exactly where you want to go.
In summary, to get an ‘offline’ business education outside of formal college or B-school:
- Read books and articles about successful entrepreneurs, and learn how businesses are built
- Interview someone who is doing what you want to do, and ask them about getting started and growing a business
- Research the information other people have about successful entrepreneurs including through interviews, analysis, documentaries and articles, that present both positive and negative views.
- Meet like-minded people at your local meet-ups or entrepreneurial events
- Go to work for an entrepreneur or organization you admire
- Attend conferences
Disclosure: links to books and physical products are Amazon affiliate links. I earn for eligible purchases at no additional cost to you.
Be a Contributor
by Case Lane
Lead, follow or get out of the way – phrase attributed most often to General George S. Patton and others
Some people have great ideas for how to get things done; some people want to work for, or with people with great ideas; and some people are indifferent one way or another. They are prepared to consume the good ideas when they are made available, but they have little interest in participating in the rise or fall of changes and risks.
And then there are people – too many people – who are not interested in any ideas. These are people who have something negative to say, or pushback against ideas, and generate essentially zero progress for the evolution of humankind. Those people are the obstructionists.
Identify the Obstructionist
Obstructionists try to convince rising entrepreneurs not to start their business, or tell ambitious self-starters they will never be successful, or are convinced the life they are in is the only life they – or anyone else they know – will ever have.
Obstructionists are standing in the way of those who want to move the world forward. And quite often obstructionist thinking is standing in the way of aspiring entrepreneurs.
Entrepreneurs who also operate as obstructionists diminish their own chances for success while negatively affecting others.
Plan to Be a Leader
The fundamental idea of an entrepreneur is to take a good idea and put it where people can make use of it.
But often the road to make that happen is full of obstacles. Some physical, some verbal, some administrative. Obstacles that are erected and maintained by people who do not want you to go where you’re going.
The first time an entrepreneur decides to verbalize a business idea is often fraught with peril. The entrepreneur likely had an epiphany perhaps after seeing something in a store or experiencing a frustration in the marketplace. The idea is based in a genuine recognition of a gap in the marketplace, and a consumer need.
But often when the idea is communicated, in non-entrepreneurial worlds where the majority live, the response is negative.
Those closest to a rising entrepreneur – family, friends, neighbors, teachers, religious leaders -are often the last to support the idea. They fear the risk of beginning a new venture with no guarantees.
They may also be embarrassed to have that one person in the – family, neighborhood, community – who will not do what everyone else says is the right thing to do.
Some aspiring entrepreneurs will get past the negative thoughts and start a business anyway. Others will never be able to move forward.
Unfortunately negative programming leads people to believe that the others are right. If no one you know has ever done what you are proposing to do, you must have the courage to face the unknown. And few hold to that courage.
Where leaders rise
In the entrepreneurial world, leaders are the people who take their business idea and turn it into a viable business regardless of the obstructionists. Courageous entrepreneurs face obstacles, overcome negativity, struggle to find the time and the money, and patiently refuse to take ‘no’ for an answer while making their business a reality in the global marketplace.
The example set by these entrepreneurs has set the stage for many other who eventually follow.
Where followers begin
Followers watch and learn from leaders. In fact, many leaders are also followers, incrementally adding to their knowledge by emulating what other leaders do.
Followers are excited to be around leaders. They have an opportunity to contribute by supporting the leader in achieving a vision that they support.
When an aspiring entrepreneur gets started as a follower, they put themselves directly on the path of leaders. With digital resources that facilitate the ability to follow a leader through articles, videos and on social media, an aspiring entrepreneur can pick a leader they admire, or a company to learn more about, and read, watch, listen and support the leader’s activities.
Followers even go to work for the leader or their company for the experience of learning from a proven success. These learning experiences help the original follower become a leader.
And obstructionists disrupt
What about getting out of the way?
Leaders and followers need obstructionists to get out of the way. Those that try to diminish the work of innovative thinkers, entrepreneurs and investors are limiting their own world.
Obstructionists tend to be those who are trying to slow down the world to suit their purposes. Instead of contributing ideas and inventions to build a better world, obstructionists are trying to hang on to the status quo, to protect themselves, and fading power.
Rising entrepreneurs have to find a way to get beyond the obstructionists and keep pursuing business goals. But sometimes the obstructor is in an individual’s own head.
Overcoming obstructionists, includes surpassing a personal tendency towards limited thinking and negative programming to become the businessperson you really want to be.
It also means overcoming the human need to better than the next person by criticizing other people’s work, plans or dreams while sitting on your own unfulfilled intentions.
There’s no reason to obstruct yourself or others. There is plenty of room for everyone who wants to create a business that adds value to the global marketplace. You can be a contributor who makes a difference in the lives of others by bringing a product or service into the market.
Be a contributor
Entrepreneurs are contributors. Leaders within their own world, followers of other leaders who provide constant daily fuel for the global economy, and hope and opportunity for employees and customers.
As you work on developing your business, keep in mind that you want to stay connected to contributors. Trying to stop others from achieving their stated goals will not make you successful. Neither will negative feedback, comments or bad-mouthing.
Focus on what you are doing, not what others are doing. Stay on top of your plans and dreams, not the activities of others that have no effect on you.
Top-flight global entrepreneurs do not spend their whole day criticizing others? Not if they want to be successful.
They work on continuing to deliver value. They focus on personal development, and meeting and surpassing their business goals. If you turn your own mind on to such pursuits, you will reap the benefit in the rising success of your business.
Contribute to your own life
Contributing also applies to how you run your life. Eliminating obstructionist behavior in business can transform to improving your personal relationships, and the opportunities of your own life.
Focus on positive, individual effort and goals. Focus on what you are doing and how you can make your world better through your entrepreneurial business ideas.
To Be a Contributor:
- People are asked to lead, follow, or get out of the way
- Unfortunately many people choose not to move, they are obstructionists who refuse to do anything but get in the way
- Obstructionists try to prevent you and others from achieving goals by providing negative feedback, or physical or mental barriers to success
- Sometimes that obstructionist is you.
- Perhaps you have been negatively programmed by other obstructionists, or perhaps you like looking for excuses
- To push back against obstructionism, you must be a contributor
- Global entrepreneurs are contributors
- You provide value by bringing a product or service into the global marketplace
- And you reject obstructionism and its many barriers, in favor of having the life you have always wanted running your own business as an entrepreneur