Your Role In History As An Entrepreneur

K N O W L E D G E

Adapted from the book 30 DAYS TO THE NEW ECONOMY written and published by Peggy Salvatore

Knowledge, confidence and a sense of adventure are the entrepreneurial trifecta. One or two makes someone a great employee but a successful entrepreneur needs all three.

Imagine confidence and a sense of adventure without knowledge – you have a risk taker who has no context and who won’t win the respect of employees and customers. There is a place in your startup for this person – perhaps cleaning windows on the 100th floor – but not at the helm.

What about knowledge and confidence without a sense of adventure – you have a good researcher and expert who won’t step out of her or his comfort zone. There is a place in your organization for this person in the lab, but not at the helm.

Imagine knowledge and a sense of adventure without confidence – you have a risk taker who will step out but is unable to follow through. There is a place for this person in your startup, perhaps as the pitch person, but not at the helm.

An entrepreneur in the New Economy enters the global marketplace with a certain set of knowledge and skills to support his or her confidence and sense of adventure. That knowledge is the ticket to entry in the global entrepreneurial sweepstakes.

A successful entrepreneur in the New Economy has a learning mindset because the environment is always in motion. Remember our discussion earlier about the pace of knowledge and the rapid acquisition of data: 90% of what we know we have learned in the last two years.

What Internet Joe knows may have been true yesterday. However, with the rapid expanse of knowledge and data collection, that truth may be different today. In fact, if you are starting a new business, there is a pretty good chance you can assume you are operating with outdated information even as you develop your products and services.

In a fully interconnected, 24/7 marketplace,

knowledge isn’t static. It’s fluid.

And it includes knowing your SELF.

A business in the New Economy is a learning organization and that requires a learning CEO. The leader sets the example. There is an old saying that “leaders are readers.” More accurately, leaders are learners. As situations materialize and unfold, leaders can process what is happening and adjust their product, service or approach based on constantly changing data.

The world is always in beta and successful entrepreneurs practice agility. Think permanent beta and constant learning, and you have the essence of knowledge in the New Economy.

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C’mon back TOMORROW 9/29 for Day 16.
ARE  YOU cut out to be a leader or a manager?

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S P E C I A L    A N N O U N C E M E N T

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With Hal and Peggy’s wealth of business coaching experience, you’ll learn how YOU match up with what successful entrepreneurs are thinking and doing RIGHT NOW. Get ideas you never imagined. Gain the traction you need within 2 hours — not days or weeks or months. Simply call 931.854.0474 Central Time: 11AM to 4PM Monday-Friday for details, to explain your business pursuit focus and to reserve your seat! $99 total for 2 hours. Satisfaction Guaranteed.

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For more information on Peggy Salvatore’s book: 30 Days to the New Economy [© Peggy Salvatore 2015. All Rights Reserved.] click on ENTREPRENEUR NEWS or visit ow.ly/RysnP for the E-book

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Hal@Businessworks.US      Peggy@Businessworks.US

Open Minds Open Doors

Thanks for your visit and make today a GREAT day for someone!

This isn’t the movies and

you’re not in Hollywood! 

     What?  You thought you would be finding more hard core “sales-and-business” stuff here?  Well, working on your authenticity is the most genuine and arguably most important sales-and-business stuff you could ever set your sights on. 

     Businesses (and salespeople) succeed or fail based on how authentically they come across to their internal and external markets. 

     What your employees and suppliers think –for example– of the approaches you take to managing your business, or piece of the business you’re charged with, will positively impact your reputation, sales, and of course customer relations, even R&D projects!

     So, don’t be bashful; let’s take a little inventory.  How much of every day do you waste time and energy “playing the boss role” (making power plays, flexing your internal politics muscle, acting controlling, acting like a know-it-all, exaggerating your accomplishments, glossing over your errors) instead of just “being” the leader? 

     How much, in other words, do you try to influence others by attempting to impress them vs. simply gaining their respect by relating to them at their individual levels? 

     This isn’t the movies and you’re not in Hollywood. 

     Regardless of their stations in life, everyone in your daily path brings a certain energy to bear on each issue.  I grew up in an obscure, dilapidated, 3-room, third floor walk-up apartment next to the railroad tracks in one of America’s richest communities. 

     And if that sounds paradoxical, consider that my father was a mailman, whose advice was sought after daily by mayors, police chiefs, doctors, and Congressmen.  He was confided in by top “Fortune 500” corporate executives, and trusted by well-known authors, columnists, and artists. 

     He was a “closet confidant” to many big-name radio and TV personalities who lived in our low-profile, waterfront village north of New York City.

     How was this possible?  Harry escaped the ravages of genocide and came to America as a six year-old waif with a handful of rice.  He had no formal education, but he considered every encounter everyday as genuine and meaningful. 

     Harry listened carefully, spoke and laughed and cried from his heart, and never pretended to be someone he wasn’t.  He was quick to admit he didn’t have all the answers.  He was a character, all right.  He was the Norman Rockwell style   www.nrm.org/ personification of humility.

     He would have been a smash success at any business venture, but he liked who he was, he liked what he did, and he respected his “customers.”  In spite of his faults, and too much whiskey, he was nonetheless a success at being himself!  And he made sure his two sons grew up to appreciate the values of authenticity.

     In my thirty years of business coaching, consulting, and training, I can attest to this single quality as that which separates successful people and businesses from the wannabees, hasbeens and alsorans: authenticity.  It needn’t be perfect; but it does need to be vigilently practiced and consistently pursued.  How’s yours?  Halalpiar  

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