Friday 17 July 2015

THE SINGLE BIGGEST REASON MOST ENTREPRENEURS FAILED IN 2014.


Exactly two years ago today, I woke up at 5 in the morning. Yes, I was suffering from our generation’s new   sleeping problem. It is caused by too much blue light, especially when you stare at your cell phone before sleeping, which leaves you awake after only a few hours of sleep. I thought it was useless to try sleeping any further, so I decided to get up and start working.


After checking my emails, I found myself on Twitter. One of the tweets took me to an article about Ruby on Rails on TechCrunch. That article took me to Codeacademy, where I discovered you can actually learn how to code.
Then I was distrupted by a call from a friend of mine. During the call, I realized that day was actually the birthday of a friend of mine so I got on Facebook where the top post on my newsfeed was about a new social network.
I went to check what it was about and holy sh*t, that SoundCloud the article was talking about was actually such a cool thing. I spent another two hours on it.


Read: Have you heard about the social network that wants to transform the Speaking Industry around the World? SpeakersBay.com is set to launch soon!!!  Follow @SpeakersBay

Guess what? I even came up with a new startup idea that could be much better than SoundCloud! Soon, my mind was exploding with amazing ideas and I was exhausted.
Oh wait, I just saw another tweet. This time it was about “HOW TO blablabla IN blablabla STEPS.” That tweet took me to Inc.com where I spent another…

OK, STOP. FC*K  ME, I WAS AN ENTREPRENEURBut it was 2 a.m., the middle of the night, and I had truly wasted another day doing nothing but jumping from one website to another.
I had a headache and felt so much pressure on my forehead. I was in bed with my cell phone logged into Facebook.
Oh, I also realized, I never wrote to my friend to wish him a happy birthday.
That day, two years ago, I decided to change the way I work because I was finally so fed up with the one thing that made me fail over and over again:

“I WAS THE DISTRACTED MISERABLE GUY JUMPING FROM ONE WEBSITE TO ANOTHER, FROM ONE IDEA TO ANOTHER, WHILE GETTING ABSOLUTELY NOTHING DONE.”
OH, I ALSO FOUND IT COOL TO CALL MYSELF AN ENTREPRENEUR.
Distraction is the new illness of our generation of entrepreneurs. There is too much noise, too much information overload. If you don’t start controlling your environment, you are destined to FAIL.
Of course I had my excuses such as,

“But I am an entrepreneur and I need to be inspired,” “I need to learn new things if I want to become a successful entrepreneur and I am just curious”

Yes, it’s true. We, the entrepreneurs, are curious. Actually, the problem is, we are SO CURIOUS AND CRITICAL ABOUT EVERYTHING that we are constantly distracted while getting nothing done.

Here is what I did that has since revolutionized my life:
1.CONTROL YOUR ENVIRONMENT, YOU LITTLE BRAINY.
Entrepreneurs are the smartest people I have ever met. I don’t think it’s just because they are born to be so, but also because they use their brains much more than their peers working in the corporate environment, who are usually checking the clock to call it a day and go home.
Use this to your advantage and control your life. It all sounds easy, but how will you implement them on a day-to-day basishe things you will get done that day. Key: Don’t over-target. Be r
2.FIND THAT FAMOUS “ONE SINGLE THING” THAT YOU ARE INSANELY PASSIONATE ABOUT
Come on. It’s not rocket science. You are not looking for the love of your life. If you are reading this, I assume you have spent at least 18 years on this planet and have at least an idea of what you like and what you don’t. Remember, you don’t have to reinvent the wheel.
Discover what you are really passionate about and what you would change in your life or people’s lives. Think about what one thing you can do better than others, or how you could improve an existing problem.
I understand you need inspiration, but wasting a million days in a row jumping from one distracting website to another won’t help you find the idea of your life.
How do you make sure you’ve found that one single idea? Maybe Mark Cuban can help with his  12 Rules for Startups

“Don’t start a company unless it’s an obsession and something you love. If you have an exit strategy, it’s not an obsession”
3.       
       3. YOU FOUND THE THING OF YOUR LIFE? GREAT! NOW DO ONE THING: START!
Stop the vicious cycle and just start. You will be impressed by how many people will contact you or will want to work with you once you begin. Scratch your idea onto a piece of paper (yes, just on a piece of paper) and walk out of your apartment. Talk to people.
By the way, get a life and stop that bullshit of, “What if they steal my idea?” Talk to as many people as you can. Let them steal it if they really will, but you will kick their ass.
Please also stop saying, “I need to find an investor.” How about making some sales first?


Maybe you will even realize you don’t need to give any share of your business to an investor. Even if you really need an investor, by making some sales, you will have a stronger hand to play.
In my case the former happened. After making some initial sales and seeing such a high customer repeat rate, I decided I was not willing to give up any share of my startup, PIQERS.

4. NOW THAT YOU’VE STARTED, HERE IS WHAT YOU SHOULD REMEMBER EVERY SINGLE DAY: SAY NO TO OTHER IDEAS, KEEP DOING ONE THING, AND DO IT REALLY WELL
Just because you started working on your idea doesn’t mean you won’t meet distractions along the way. Your mind will be about to explode with all the ideas you can apply to your business, the many features you can add to your product, etc.
Keep your focus. Say no to distracting ideas. If you keep doing that, another thing that will impress you will be the power of what you studied in your marketing book: word of mouth.
You will be truly impressed by the number of people coming back and asking for more work. Who cares about competition? You are just beating yourself. Isn’t that what matters in the end?

5. OH, BY THE WAY, STOP GIVING A FU*K TO WHAT OTHER PEOPLE THINK.
If you are an entrepreneur because you want to prove other people that you are successful, then please go back to step one above. Make sure you are following your passion because you have a vision and you are out to change something in this world.
Otherwise, this will kill you. You will have difficulty focusing and you will keep being distracted because you won’t really be passionate about getting anything done.
Now what? Stop wasting your time reading this article and get your ass back to work.


This article was also published on The Next Web. Posted by Ali Mese.
Credit: Ali Mese Founder & CEO @piqers

10 REASONS TO BE AN ENTREPRENEUR


WHAT ARE THE THINGS THAT DRIVE AN ENTREPRENEUR?
I'm a big believer that money is not what drives people to work hard. If you want successful, happy workers, take a cue from what drives you. When the work is hard and the hours are long, these are the reasons founders keep doing what they do.

I recently asked fellow members of an Entrepreneur Council—a council of mostly successful young entrepreneurs--just what it is that makes them work so hard. Money? Success? Autonomy? Or do entrepreneurs just have big egos?

Being an entrepreneur myself, I wanted to know why others work with such persistence and dedication. I know that for me, it's not about money. Money is just a byproduct. So is it the same for others?

Not one of the entrepreneurs I spoke to mentioned money as the motivator.
Surprised? Don't be. When I write about company culture, I often note author Daniel Pink's philosophy that once money is off the table for people--meaning it's no longer a stress point or constantly on their mind because they're paid enough--they become driven by autonomy, mastery, and purpose.

So what are entrepreneurs driven by, if not money? I got more than 20 responses from these entrepreneurs. Here's what they had to say:

1. Opportunity
Susan Strayer Lamotte, a leader in talent acquisition and HR, says she's motivated simply by "doing great work. That's the difference," she explains. "All the other stuff is gravy, but as an entrepreneur, I can decide what the work is like. What I get to do. And that's the mecca for me."

2. Autonomy
Some entrepreneurs simply want to avoid the daily grind that comes along with a career that isn't self-sustaining. Says Aron Schoenfeld, founder of Doitinperson.com and DreamArtists Studios, "Fear of failure is what motivates me to keep going. [I'm] scared of going back to corporate and being a robot again."

3. Freedom
Aaron Pitman, president and founder of API Domain Investments, agrees. "Freedom is my driver," he says. "I always wanted to be able to call my own shots, be in charge of my destiny, and have the ability to set my own life."

4. Responsibility to society
For other entrepreneurs, there are bigger societal issues driving their work. "For me, it's also about an alignment of story," says Josh Allan Dykstra, a consultant, author, and speaker. "As entrepreneurs, we are always analyzing the state of the world, examining the larger stories that are playing out on a macro/global level. While we strive to make sense of these big-picture stories, we are also searching for the places our personal strengths and passions can make a larger impact on the world. We make the most difference when we find where the intersection point of the thing that makes us feel alive also lines up with the bigger story, allowing us to improve society in some meaningful way."

Read: Have you heard about the social network that wants to transform the Speaking Industry around the World? SpeakersBay.com is set to launch soon!!!  Follow @SpeakersBay

5. Impact
Justin Beegel, founder and president of Infographic World, explains: "[I love] knowing every action [I] take truly has a direct impact on the outcome of the business. When you're an employee...what you do has limited impact. When you're running the company, each and every thing you do can make or break it."

6. Family
Ari R. Meisel, an entrepreneur, author, inventor, and tri-athlete, says what drives him to entrepreneurial work is simple: "[I love] being able to spend as much time with my family as possible."

7. Change
Trace Cohen, founder and president of Launch.it, says what drives him is seeing change. "My current and previous company have all been about providing value to our users to enhance what they are currently doing to either make it better or more efficient."

8. Legacy
Forging a lasting legacy is important for many workers. Both Dave Kerpen, CEO of Likeable Media, and Lewis Howes, lifestyle entrepreneur, noted that leaving a personal legacy is a huge motivator in their decision to do entrepreneurial work.

9. Accomplishment
"That is what truly makes people happy, a sense of accomplishment," says Pablo Palatnik, CEO at ShadesDaddy.com. "That's why I do what I do every day, to accomplish my goals, and that [means] building a successful company."

10. Control
Some entrepreneurs are driven by the sense of security that comes along with being in full control of their work. Joey Ricard says control of his own destiny--"or as some people like to call it, security"--drives his entrepreneurial efforts.

I'm a big believer that money is not what drives people to work hard. If you want successful, happy workers, take a cue from what drives you. Freedom, flexibility, social responsibility, the ability to do great work? Provide your workers with opportunities to thrive in these areas, and you won't have to deal with workers who are motivated only by money.


Credit: Thomas Barwick