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Making the Entrepreneurial Leap: How to Do It Successfully! By Marcia Zidle

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Making the Entrepreneurial Leap: How to Do It Successfully! By Marcia Zidle

You’ve decided to leave the corporate world and become a small business owner. Great! Now What? Are there skills and wisdom you can bring from your corporate career to your new business venture? Of course there are. The reality is big to little box… the same rules apply in successfully implementing a business strategy as well as building a high performance team of employees.

The Journey From Corporate to Business Owner
My guest on his episode of The Business Edge is John Todd who was Vice President, Sales Support, Business Services at Sprint before making the leap into entrepreneurship. He tells the steps he took first to find the right small business (that had a sound yet interesting business model); second how he retooled that business, Elite Remodeling, from a residential discount provider to a full service value added supplier. More importantly, he found, as a corporate “drop out” one can thrive personally and financially being a small
business owner.

Listen to This Podcast and Learn
* How his corporate experience prepared him from budgeting to hiring right to managing projects

* The big difference: You are the company and everyone takes their cues from you – no blaming others.

* The 5 P’s of marketing (product – position – price – promotion – people) and how it applies to small business

* That you’re buying the people as well as the business: Realize some you’ll keep, some will need to be replaced.

* Why sales is the most important skill business owners should have and if they don’t, develop it even if you have a sales team.

The Key Take-Away: Know Your Numbers.
When employed in a big company, it’s top management who are mostly concerned with profit and loss. Now it’s you! Regularly review your financial information: margins and mark-ups, price point, expenses, net income, etc. Don’t rely solely on your accountant or financial adviser. If you don’t understand the finances, you can go broke!

More Here!

EVIDENCED-BASED ENTREPRENEURSHIP: TOOLS TO GUIDE THE SUCCESS OF YOUR STARTUP By Clinton E. Day & Hemda Mizrahi

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EVIDENCED-BASED ENTREPRENEURSHIP: TOOLS TO GUIDE THE SUCCESS OF YOUR STARTUP By  Clinton E. Day & Hemda Mizrahi

Entrepreneurship expert Clinton E. Day, author of “Understanding Lean Start-up,” joined me on “Turn the Page” to discuss a methodology that has been found to multiply a business’s chances for success compared with the more traditional approach of creating a business plan to launch a new venture. In addition to describing how startups can model an idea and ensure product-market fit prior to doing business, Clint explains how an increasing number of large corporations are engaging the creativity and innovation from entrepreneurship to improve products and results. Listen to our conversation to learn more!

In this post, he identifies what defines an entrepreneurial mindset. Clint states:

“It is many things, but common to all entrepreneurs are two ingredients, OPPORTUNITY RECOGNITION and RISK ASSUMPTION. Seeing opportunities others do not and the willingness to take a risk, a leap of faith are integral to this mindset. Entrepreneurs use their imaginations and creativity. They identify, evaluate, and develop opportunities. Experience, information, and social networks influence opportunity recognition. Entrepreneurs accept a high level of uncertainty with no guarantee of success. They visualize what they would like to accomplish, and track progress toward their goals.”

Clint shared some of his FAVORITE QUOTES to inspire and inform your “free enterprise” endeavors:

Creativity is connecting things, creative people just see something.”
Steve Jobs, Co-founder, Chairman, and CEO of Apple, Inc.

“Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t. “
Anonymous

“Every single person I know who is successful at what they do is successful because they love doing it.”
Joe Penna, Award-winning Filmmaker (Writer, Director) and TV Host

“Failing to plan is planning to fail.”
Chinese proverb

“The best way to predict the future is to create it.”
Peter Drucker, American Management Consultant, Educator, and Author, The “Founder of Modern Management”

“It’s hard to beat a person who never gives up.”
Babe Ruth, legendary Major League Baseball player

“Arouse in the others an eager want.”
Dale Carnegie, Best-selling Author of “How to Win Friends and Influence People”

 

RESOURCES TO SUPPORT THE SUCCESS OF YOUR VENTURE
Clint suggests:

1. The Udacity online class for lean startup 

2. The website of “lean startup” pioneer, Steve Blank, author of “Four Steps to the Epiphany,” and co-author of “The Startup Owner’s Manual.”

3. http://mfishbein.com/the-ultimate-list-of-customer-development-questions/  

4. http://businessmodelgeneration.com/  

Learn about Clint’s “three bibles for lean startup” and contact him for speaking engagements through http://clintoneday.com.

Listen to my conversation with Clint to gain tools that will guide you through the three components of lean startup. Here’s to positioning your business, and you as a leader, for success!

Hemda Mizrahi is the Managing Director of Life & Career Choices, which offers coaching to executives, professional athletes, and other high performers seeking to transition to entrepreneurship, and generalist consulting services to small and mid-size businesses. She is the host and producer of the Internet radio show, “Turn the Page.”

Mom Entrepreneur: Raising a Family and a Business By Marcia Zidle

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Mom Entrepreneur: Raising a Family and a Business By Marcia Zidle

Why would a mom start a family and a business almost simultaneously? There is a saying…Necessity is the mother of all inventions. The reality is that moms and dads are often faced with everyday parenting challenges that bring ideas to their minds on how to make it or do it better, easier, less expensively. Here’s how an idea turned into a series of products which turned into a family business.

My guest on this episode of the Business Edge Andrea Thomas, Owner and Creator of the ScratchMeNot. The parenting challenge that started her entrepreneurial journey was designing a product to prevent her daughter from damaging her skin by constantly scratching her eczema. Andrea will share how she is making her product visible to the masses as well how she navigates these two very different world…mom to 4 kids and business owner growing a company.

Listen to this Podcast and Learn
* Why you must be strategic when selecting the right product or service to bring to the marketplace.
* How she’s making her children part of her business educating them in business 101 so they won’t feel left out
* The identity crisis and other challenges she tackled transitioning from a corporate career to being an entrepreneur
* Her preparation for the growth of ScrathMeNot: hiring the right people, creating a * culture, building a management team
* How to deal with your spouse becoming part of “your” business: The solution regularly negotiate roles and responsibilities

The key take away: Before taking the leap, know what you’re getting into. Talk with other entrepreneurs and ask lots of questions. Get past surface answers. Really find out what the challenges are, how they dealt with them, their lessons learned. Get a variety of opinions and insights. Take it all in and then decide if it’s right for you. She realized that she should have done more research especially when expanding her product line and finding suppliers

Listen Now

The Business Interpretation of Performance: ENGAGEMENT – “The MAGIC of the Martial Arts of Business Series

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The Business Interpretation of Performance: ENGAGEMENT – “The MAGIC of the Martial Arts of Business Series

In this path of understanding how to apply Martial Arts principles into our business leaves, we need to know what engagement is and how to bring it into our companies and team members.

Engagement can take many forms and as we advance in our deepest knowledge of what we do, we have to learn how to focus, how to make it happen, how to create an engagement environment and above all, how to inspire creativity from our people.

This is the third part of what Winston Price and I have called ‘the Martial Arts of Business Series’. From the concept of intent to mind-shift we now come to learning how to be and become engaged. In other words, we will learn how to create an engaged organization.

It is very important to anticipate and understand the market place and our businesses; as a result, we need to change our attitude, our vision and our Mind. Thus engaging better we can change our mindset and improve our performance.

As we know, Martial Arts are systems and traditions of combat practices, which are practiced for a variety of reasons: self-defense, competition, physical health and fitness, entertainment, as well as mental, physical, and spiritual development.

Business and Entrepreneurship, on the other side, are a combination of creative activities that bring out innovation, competition and practices that generate the new ideas and concepts that bring us the best products and services into the market place. Combining them will require discipline, persistence, skills and a creative artist view.

And we will be doing all of this focusing on performance, empowerment, motivation and a defining mindset in order to create a stronger level of ENGAGEMENT in our organizations.

Develop the “The MAGIC of the Martial Arts of Business Series”.

Performing at Your Best: Mindset Evolution:
When we talk about Business or entrepreneurial success, we might not be really sure what it is or how to define it; and this will prove to be critical. You need to know where you are today and where you are going; then, figure out your plan to get there.

Whether you have been in business for years or you are a start-up, things look harder and more difficult than what you originally thought, take more time and might have a bigger cost than planned. Your three main resources: time, team and money will be tested over and over again. What you need to do here is to understand what makes you apart, what is important for you and your company and how can you start redirecting some of the approaches and ideas you have been using in the past.

This actually is the number one critical issue for all people and companies that do need to change: adapt and be flexible. This implies realizing the need to adapt to the changing business environments, looking at the trends in the market and your industry, while improving some of the important areas (if not all) in your company.

When you do it, something starts to happen and suddenly there is a better flow of energy, new ideas start to flourish, a more dynamic team takes action, goals are reached and visions are aligned. In all, you, your staff, team members and your company start talking about success and what it would mean to be successful (and yes we know we all measure Success in a different way).

There are many definitions on business success and in this program we will be discussing some ideas that will allow you to understand some of the Key Elements to Entrepreneurial Success.

www.luisvicentegarcia.com
www.entrepreneurperformance.com
http://performingatyourbestmindsetevolution.blogspot.com/

Women Growing Businesses: Where and How Do You Get Help? By Marcia Zidle

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Women Growing Businesses: Where and How Do You Get Help? By Marcia Zidle

Men are not the only ones who don’t like to ask for directions. Women business owners often also don’t want to admit what they don’t know, or aren’t confident in their ability to do. Yet there are many, many resources around the country to guide women through all kinds of opportunities and dilemmas. Here’s what’s out there for entrepreneurs

My guest on this episode of The Business Edge is Dr. Patricia Greene, Professor of Entrepreneurship at Babson College and academic director for Goldman Sachs 10,000 Small Businesses and 10,000 Women. She shares her vast knowledge about types of resources to start or grow your business: how to find them, how to evaluate them, and what to do with them once you have them.

Listen to this podcast and learn: The reasons for the surge of women entrepreneurs and some challenges;
The top 3 types of resources for business startups and then for business growth
Where to go for advice, what to do after you get advice, how to deal with conflicting advice
How do you decide on the best resources for you and your business and whether to pay or not
Why you must expand your understanding and utilization of resources: it’s ideas, people, opportunities.

The key take away: Don’t just sit there…do something! Successful business entrepreneurs are both intentional and action oriented! After you have received assistance and advice, develop an action plan with next steps, timelines and potential obstacles you need to overcome. Most importantly, FOLLOW THROUGH! Also find a mentor or coach or peer group for support, accountability as well as opportunities.

ENGAGEMENT: The MAGIC of the Martial Art of Business Series Part #3

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ENGAGEMENT: The MAGIC of the Martial Art of Business Series Part #3

ENGAGEMENT: The MAGIC of the Martial Art of Business Series Part #3

We already know that creating an excellent team requires dedication, training, commitment and a shared vision. We also need to engage our team members and align them with what we, as managers or business owners, want to achieve in our companies. We need to learn how to engage our employees so they become team members; how we change their mindset so they work on improving on a continuous basis and how to include a new level of thinking and creativity into what they do. At the end, we have an engaged team that delivers better products and services. This is what we all need to achieve. As we know, Martial Arts are systems and traditions of combat practices, which are practiced for a variety of reasons: self-defense, competition, physical health and fitness, entertainment, as well as mental, physical, and spiritual development. Business and Entrepreneurship, on the other side, are a combination of creative activities that bring out innovation, competition and practices that generate the new ideas and concepts that bring us the best products and services into the market place. Combining them will require discipline, persistence, skills and a creative artist view. And we will be doing all of this focusing on performance, empowerment, motivation and a defining mindset in order to create a strong MIND-SHIFT. Join Winston Price and Luis Vicente Garcia in this second part of the “The MAGIC of Martial Arts of Business Series”, as we explore how ENGAGEMENT will be a crucial part of your growth and success and we will guide you to create Magic in your company and develop “The MAGIC of the Martial Arts of Business Series”. About Winston Price: Winston Price, Senior Executive Producer, has over 20 years of marketing, advertising and public relations experience. He began his business career in 1995 and is a graduate of Indiana University Bloomington. Winston also is a master martial artist and personal trainer with over 25 years of knowledge and experience. Winston runs his own school, Internal Magnification Martial Arts, where he focuses on helping people reach their personal goals of health and fitness via At-Home personal training with martial foci of Taekwondo, Tai Chi Ch’uan, Hapkido and Ba Gua Zhang. As a senior executive producer for VoiceAmerica, Winston utilizes his skills in business and personal training to help new and existing hosts maximize their opportunity with the VoiceAmerica Talk Radio Network by supporting his hosts with the complete business and personal aspects of creating and developing their show. Winston believes that each host brings their own flavor to the Network. By properly coaching and motivating his hosts, they are able to produce THEIR show with THEIR style and THEIR passion being at the forefront of every broadcast. Broading their engagement. [Connect with Winston on LinkedIn HERE: https://www.linkedin.com/in/winstonprice] Connect with host Luis Vicente Garcia on: www.luisvicentegarcia.com www.coachluisgarcia.com www.coachluisvgarcia.com http://entrepreneurperformance.blogspot.com http://motivandoelfuturo.blogspot.com

Engagement

Preparing for What’s Next: Leveraging Your Company’s Life Cycle By Marcia Zidle

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Preparing for What’s Next: Leveraging Your Company’s Life Cycle By Marcia Zidle

Here’s one of those simple, but profound questions, entrepreneurs need to regularly ask: What am I focusing on now vs. what should I be focusing on NOW? After a successful launch, entrepreneurs have a choice. They can sit back and continue doing what they have done so far or they can recognize the need to prepare for what comes next. Too often entrepreneurs make the wrong choice to stay the course using the logic “why mess with success.”

Why You Should Mess With Success!

My guest on this episode of The Business Edge is Dr Mary Lippttt, author of Brilliant or Blunder: 6 Ways Leaders Navigate Uncertainty, Opportunity and Complexity. As an internationally recognized leader in strategic thinking and executing change, Mary tells why there’s good reason for entrepreneurs to refocus their priorities based on changing realities. And one of those realities is that 50% of new businesses fail. Therefore, successful entrepreneurs must change what they do and how they do to have sustainable growth.

Listen to this podcast and learn: Why knowing your company’s life cycle helps you focus on what’s important; the six result-driven mindsets and how they impact an entrepreneurs decision making; how to avoid leadership blind spots and distractions to make smarter strategic decisions; how to use specific mindsets to build an aligned and committed team that’s ready for change; when to use your gut and when not when dealing with uncertainty, opportunity or complexity.

The key takeaway: To prevent getting stuck with a single viewpoint, your leadership should encourage diversity of thought and openness to new perspectives. Therefore build a team that can tap into the six different mindsets especially in uncertain and complex situations. Don’t fall back on the tried and true.  Mess with Success!

The Business Interpretation of Performance: MIND-SHIFT – “The MAGIC of the Martial Arts of Business Series By Luis Vicente Garcia

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The Business Interpretation of Performance: MIND-SHIFT – “The MAGIC of the Martial Arts of Business Series By Luis Vicente Garcia

As we continue to understand how to unite the Martial Arts principles with Business and Enterprises, I take on the second part of the Martial Arts of Business Series and start talking about MIND-SHIFT in our organizations.

 

It is very important to anticipate and understand the market place and be a Change Factor. How? By changing your attitude, your vision and your Mind. As a result you change your mindset. When we continue to learn and then implement the knowledge we have accumulated and the abilities we have developed, we need to understand that how we do one thing is how we will do everything we do. At the end, it is all about performance. Understanding how your mind works you can start focusing on developing yourself, your life, your work and future. Learn how to focus, how to generate a strong mindset by creating a mind-shift that will allow you to improve and start seeing what really happens to you from now on and get ready to develop your Mind.

 

In this second part of the “The MAGIC of Martial Arts of Business” we learn about  Business and Entrepreneurship. These are a combination of creative activities that bring out innovation, competition and practices that generate the new ideas and concepts that bring us the best products and services into the market place. Combining them will require discipline, persistence, skills and a creative artist view.

And we will be doing all of this focusing on performance, empowerment, motivation and a defining mindset in order to create a strong MIND-SHIFT. Join us as we teach you how to create a Mind-Shift that will allow you to create Magic in your companies and develop “The MAGIC of the Martial Arts of Business Series”.

Luis Vicente Garcia_El Cambio Empieza por Uno MIsmo

@LVGARCIAG
www.luisvicentegarcia.com
www.entrepreneurperformance.com

 

MIND-SHIFT: The MAGIC of the Martial Art of Business Series Part #2 by Luis Vicente Garcia

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Business
MIND-SHIFT: The MAGIC of the Martial Art of Business Series Part #2 by Luis Vicente Garcia

How do you develop a powerful Mind-shift process? In this second part of the Martial Arts of Business Series Winston Price and I explore your Mindset. How does it work? How does it function? How do you create a progressive yet powerful Mind-shift?

Understanding how your mind works you can start focusing on developing yourself, your life, your work and future. Your mind is your most powerful tool but we seldom use it to our fullest potential. In this show we will teach you how to focus, how to generate a strong mindset by creating a mind-shift that will allow you to improve and start seeing what really happens to you from now on and will give you some tools and exercises that will help you achieve a greater lever in your mind and create a mind-shift evolution. This is why for us it is extremely important you start developing your Mind.

Join Winston Price and Luis Vicente Garcia in this second part of the “The MAGIC of Martial Arts of Business”.

As we know, Martial Arts are systems and traditions of combat practices, which are practiced for a variety of reasons: self-defense, competition, physical health and fitness, entertainment, as well as mental, physical, and spiritual development.

Business and Entrepreneurship, on the other side, are a combination of creative activities that bring out innovation, competition and practices that generate the new ideas and concepts that bring us the best products and services into the market place. Combining them will require discipline, persistence, skills and a creative artist view.

And we will be doing all of this focusing on performance, empowerment, motivation and a defining mindset in order to create a strong MIND-SHIFT. Join us as we teach you how to create a Mind-Shift that will allow you to create Magic in your companies and develop “The MAGIC of the Martial Arts of Business Series”.

Luis Vicente Garcia and Winston Price

Guest Bio: Winston Price

Winston Price, Senior Executive Producer, has over 20 years of marketing, advertising and public relations experience. He began his business career in 1995 and is a graduate of Indiana University Bloomington.

Winston also is a master martial artist and personal trainer with over 25 years of knowledge and experience. Winston runs his own school, Internal Magnification Martial Arts, where he focuses on helping people reach their personal goals of health and fitness via At-Home personal training with martial foci of Taekwondo, Tai Chi Ch’uan, Hapkido and Ba Gua Zhang.

As a senior executive producer for VoiceAmerica, Winston utilizes his skills in business and personal training to help new and existing hosts maximize their opportunity with the VoiceAmerica Talk Radio Network by supporting his hosts with the complete business and personal aspects of creating and developing their show.

Winston believes that each host brings their own flavor to the Network.

By properly coaching and motivating his hosts, they are able to produce THEIR show with THEIR style and THEIR passion being at the forefront of every broadcast.

Connect with Winston on LinkedIn HERE

Over/Under: A Story of One Entrepreneur’s Journey with Two Tech Startups by Marcia Zidle

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Business
Over/Under: A Story of One Entrepreneur’s Journey with Two Tech Startups by Marcia Zidle

What is Over / Under? It’s a metaphor for two companies, one that was over-funded and the other under-funded. The results aren’t what you would think. Why would a start-up, with a 100 page business plan and with 4.2 Million raised from top tier ventures firms, fail spectacularly, despite having a product, a top tier list of customers and a reasonable revenue base?

My guest on this episode of The Business Edge is Charlie Alsmiller, CEO of Appterra, his second tech star-up. , Charlie took a different approach. He had no business plan, no customers, no products and no capital. Rather, he set out to listen to the market and the market told him how to build his business. Today, 11 years later, his company is one of the top Business-to-Business integration firms, supporting some of the largest companies in their mission critical processes.
Listen to this podcast and learn:: The importance of having a plan A, B, C, D as a funding strategy; what contributes to the life or death as a start-up…and it’s not money; why the ability to say “yes” or “no” is most satisfying being an entrepreneur; how parenting is like running a business – different stages require different expectations and involvement; and the reason he says: The only thing I know about a business plan when I write it, is that it’s probably wrong.”

The key takeaway: You’ll be more effective the less you do.  Build repeatable processes and train the proper people in your business. When you do that, your role changes dramatically. You become the carrier of the cultural flag….and get to push the business in new directions. Work ON your business not IN your business guides everything I do. It can be really easy to just want to jump in and do everything – but at the end of the day, that doesn’t create value nor grow your business.

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