Your eighth form of intelligence is entrepreneurial. This is the ability to see market opportunities and then to bring the various resources together to produce products and services that can be sold at a profit. Entrepreneurial intelligence is one of the highest-paid forms of intelligence in our society today, and is the foundation of all successful, fast-growing businesses. Most self-made millionaires and many self-made billionaires started with nothing and made their money by applying their entrepreneurial intelligence to market opportunities that appeared before them. Bill Gates dropped out of Harvard to start Microsoft with an idea to develop software for the emerging market in personal computers. Michael Dell began assembling personal computers in his dorm room at college.They had high levels of entrepreneurial intelligence. You probably do as well.
In summary, Naisbitt predicts that the economy will become information-based and global that the world will experience another renaissance in the arts, literature and spirituality that the major cities will decline as centres of commerce that socialism in the form of state welfare will disappear that English will become the global language that the media will become electronic, interlinked and global that the major business area will shift from the Atlantic to the Pacific Rim that politics will become individual and entrepreneurial that growth in all areas will be seen as infinite and that trade will be free. As a result of these changes, the overall trend will be towards a general lessening of war and conflict. All these changes can be seen in the context of Naisbitt's first set of megatrends, shown in the box in the top left-hand area of the Mind Map.
Do you experience feelings of disappointment because you entertain unrealistic expectations Many optimistic thinkers expect the best from others, and pay a big price for it. Peter, a small-business owner, told me that kind of story. When he met Jodi at his local church, she told him that she had twenty years of sales experience in
Does wishful thinking impact you in the workplace Brian, a property management and real estate investment business owner, knew that the industrial market was softening. An industrial tenant who was leasing space at market rate was complaining that he had too much space. Brian knew that if they lost the tenant, the space would remain vacant for some time. He estimated a cost of seventy thousand dollars to the company if this occurred. He wanted to make an interim deal below market rate with the tenant to keep him on board. Unfortunately, Brian's business partners were unduly optimistic. They believed that they should insist on market rate when the lease came up for renewal. Their wishful thinking has already cost the partnership forty thousand dollars. The space has now been vacant for six months.
In a 12-year study at Babson College, entrepreneurial instructor Dr. Robert Ronstadt searched for the reasons for success or failure among the graduates of the business school. Some went on to build successful businesses, but most did not. He discovered that those who built successful businesses had a special quality. It was that they had the courage to launch their businesses with no guarantees of success. They were willing to risk failure in the pursuit of their dreams.
In summary, it says that in most cases your greatest opportunities lie under your own feet. They are right where you are. They lie within your current talents, skills, ability, and experience. They lie within your own business or industry. They lie within your own background or career. Your acres of diamonds are very close at hand, and that is where you should begin your search.
Sometimes I ask my audiences, How many people here are self-employed Usually, about 10 to 15 percent of the audience will raise their hands. I then stop the seminar and ask them again, How many people here are really self-employed And then I wait. It doesn't take them very long. People look at each other and then back at me and then at each other again. Soon, one hand after another begins to go up. Eventually, everyone has his or her hands raised. Everyone realizes that they are all self-employed. The biggest mistake that you can make is to think that you ever work for anyone else but yourself. The fact is that you are always self-employed, from the time you take your first job until the time you retire. No matter who signs your paycheck, you are working for yourself. You are the president of an entrepreneurial personal services company with one employee yourself. In the long run, as a result of the things that you do or fail to do, you determine how much you earn. If you want an...
Creativity has only recently begun to be seen as part of learning. The kind of learning valued in IQ tests held sway in schools and colleges for much of the twentieth century to a large extent it still does. In this view of education, creativity is consigned to art, design, and music. Very little connection is made between the kind of innovation and entrepreneurial thought that is needed in business and the approach to learning being adopted by schools.
Peter of Ravenna was a fifteenth century entrepreneur who spotted a gap in the market for mnemonics. Trained as a jurist in Padua, he published a memory book in 1491, which in today's terms was an international bestseller. The Phoenix was translated into many languages, went through numerous editions and was considered a bible for anyone who wanted to improve their memory.
Recently I chatted with a business owner who told me that he was reluctant to have his personal name associated with any of his company's projects. He was afraid that if his name was linked to the pinnacle of success, his life would go downhill. He said, What goes up must come down.
Many people go broke, especially in entrepreneurial ventures, because the market is simply not large enough for them to sell enough to justify the trouble and expense of producing the product or service in the first place. Every investment must be compared with other possible investments that are available at the same time. There may be better places to put your time and money.
When you get together with members of your mastermind group, you can have an agenda, or no agenda. Your meetings can be structured or unstructured. You can talk about general subjects or specific topics.You may talk about your own business or about theirs. It doesn't matter. The very activity of spending time around other positive people energizes you, makes you more creative, and makes you feel more enthusiastic toward whatever you are doing.
Fortunately, in America there are more opportunities for wealth creation and personal success than have ever existed previously in all of human history. The United States is the only country on earth that is commonly referred to overseas as the land of dreams. In 2003, it was rated as the most entrepreneurial country in the world. This means that it is easier to start and build a successful business in the United States than it is anywhere else on earth.
The information revolution, combined with the speed of computerized information processing, the Internet, and wireless communications, is enabling knowledge in every field to double every two or three years. Fully 90 percent of all the thinkers, inventors, engineers, scientists, writers, entrepreneurs, and creators of all kinds who ever existed are living and working today. The results of their efforts are becoming almost instantaneously available to each other, thereby doubling and tripling their outputs.
An immigrant could arrive at a U.S. airport with the ability to create a billion-dollar industry in his head. He could walk up to customs open his hands and say, Nothing to declare and walk on through. His assets are all in his knowledge and skill. Many of the most successful and respected entrepreneurs and businesspeople in America arrived this way.
Make a decision, right now, to join one or two clubs or associations. The first association you should join should be the one for your profession or occupation. If you are in real estate, join the real estate board. If you are an entrepreneur, join an entrepreneurial association. If you are in sales, join a club like Sales and Marketing Executives International.
After raising three children and working 16 years as a dry cleaner, Doris Waller, 53, looked for a change of pace. She had always enjoyed housekeeping, so she took on a job with a maid service. After a highly successful first year, Doris struck out on her own. Now she is president of her own housekeeping service, D&W Cleaning, Inc., which serves professional offices and private homes. Doris has kept busy learning entrepreneurial skills for her expanding business. Her current task is mastering the computer so that she will be able to manage her own business matters.
For example, have you ever been just sitting around minding your own business, or sound asleep, when suddenly your brain flashes a picture that scares the pants off you How often do people wake up in the middle of the night because they just relived an ecstatically pleasureable experience If you've had a bad day, then later your brain will show you vivid reruns, over and over again. It's not enough that you had a bad day you can
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Internet Entrepreneurship Survival Guide
Master The Backwoods of Internet Entrepreneurship All Distilled into a Single Most Powerful Guide! Like a long pole, that can shift a great weight with little effort such is the case with succeeding in business. Your chances of succeeding-as an 'army of one' fall somewhere between zip, zilch and nill.