Category: ‘Who Are Entrepreneurs’

My Entrepreneur Story

December 21, 2011 Posted by admin

A Great Beginning

entrepreneur story My Entrepreneur StoryMy Entrepreneur Story started out really well. While I didn’t know the term, I new what I was at a very young age. When I was twelve I was mowing lawns, by the time I was 14 I was a caddy making $20 a day. FYI, young people at there that was a lot of money and by the time I was 17 I had my own T-shirts, Underwear and socks business. You might laugh, but working two days a week at a swap meet, I was making more then a lot of my friends parents were.

You see, I didn’t know what the word quit meant, and i didn’t care what challenges were in front of me, I just knew that I was going to win no matter what.

things went along great, I sold my little business and went off to college at UCSB. While my friends were going out to parties and having a good time, I was busy building up my custom motorcycle business. Between and my record re-seller business, I paid my way through school.

OK, so at this point your thinking, so he can brag about what he did, what’s the point? Bare with me, I am going to get to it pretty soon. I just need to do a little more set up.

When I graduated from college, I started out working for a technology company and rose from marketing coordinator to VP Sales and Marketing by the age of 29. I was really on my way. My career really took off, I had a lot of job offers, did a few things on my own and at 45, I was happily married and working for a technology company as VP sales and marketing, with ownership a few years away.

Things Can Change In A Hurry

entrepreneur story 1 My Entrepreneur StoryOn a cold winter morning 12 years ago, I was just getting ready for a meeting with the company owner. Our numbers had gone up at a meteoric rate, costs were down and we were going to talk strategy for our next target growth surge. I had just gotten up from my desk at my home office and was on my way down the hall, when my entire body went out from under me.

Awake and aware, I was a lump on the ground and couldn’t move. My wife was in a panic and my dog wasn’t too happy either. After about five minutes, all the feeling came back and I thought I was OK. Being an “A” type, I thought it was a fluke and I was going to head into the office. That’s when my body said enough was enough. Down I went again, this time, my wife tried to keep me from falling. At 6’4″ and 245 (I was built like a line backer), all she could do was watch me hit the ground.

From here’s it’s a long story, but the quick version was that I had serious spinal problems and a life threatening illness called Lupus. My doctors told me that I probably wouldn’t make it to 50 and that if I did, I would be in a wheelchair.

But, My Entrepreneur Story Hasn’t Ended

entrepreneur story 2 My Entrepreneur StoryWith surgery and a huge commitment to getting my life back, I not only survived, well past my doctors expected expiration date, but I “walked” in to my neurosurgeons office at 50, no wheelchair. By the way, that was eight years ago and I’m still on my feet. In fact I was a semi finalist in a men’s fitness competition for guys over fifty a few years back.

Since then, even with the health limitations, I have started and run a successful business. A business that I sold six years ago when my competitor got tired of me taking him down in the market. I can’t do a lot of the things I used to, but I still can do a lot. Today I am coaching current and future entrepreneurs on how to build a successful business on and off line.

I want to take what I have learned and help others so that they can have a great entrepreneur story to pass on and help others with in the future.


Here are some additional sites that I have found to be helpful to entrepreneurs. Thanks for visiting The Entrepreneur Success Team!


Entrepreneur Magazines Subscriptions
Entrepreneur News Photos and Videos - ABC News
BBC - Learning Zone Class Clips - An internet entrepreneur gives ...
Immigrant Entrepreneur Turned Away | Video - ABC News
Facebook Sues Mark Zuckerberg? Israeli Entrepreneur Changes ...
Lessons learned from 25 years as an entrepreneur - ABC News


Penny Chenery, Secretariat, Super Entrepreneur

December 5, 2011 Posted by admin

Some Thought That Secretariat Was A Movie About Race Horses

penny Penny Chenery, Secretariat, Super EntrepreneurI finally got a chance to watch the movie Secretariat. In general I think it’s tough to create a great movie when everyone knows how its going to end when they walk into the theater. So my hat’s off to the folks that made this movie it was a great one. I expected a fun movie about horse racing and the incredible will to win by the horse.

But what really got my attention was the entrepreneurial spirit of the owner. Penny Chenery, is an amazing entrepreneur who was willing to do whatever it took to hold on to Secretariat and ensure that she was able to be a part of her horses legacy. For me the scene in the movie that explained it all occurred right after her father had passed away.

The family was going to lose the ranch due to inheritance taxes and needed to come up with $6M to cover it. Her whole family wanted her to sell Secretariat, but she refused. This scene showed the difference between a pragmatic business person and an entrepreneur. As pragmatic people, all they had to do was sell the horse, they could have kept the ranch and had money left over to keep it going.

But Penny was all in, she knew she had a winner and was willing to risk everything because her belief was so strong. She could have lost it all if she was wrong. We all know how it turned out. But this is a great example of what it truly takes to be an entrepreneur. So if you are thinking about whether you have what it takes. Put yourself in Ms. Chenrey’s shoes and ask yourself, could you have risked losing everything to bet on your dream.

Entrepreneur’s Have To Be Sure

penny 1 Penny Chenery, Secretariat, Super EntrepreneurIf you aren’t sure which way you would go on this one, maybe you aren’t ready to be an entrepreneur. There’s nothing wrong with that, but better to know in advance and not take risks that you can’t follow through on.

By the way, there was one additional part to the story, that also showed what kind of an entrepreneur Penny Chenery really is. Once she decided to go ahead with her plan to raise the money to race Secretariat, it didn’t go well. She failed almost every time to get investors on board. But she kept going and going until she finally was able to crack the code and once she did, she raised over $6M and was able to race the horse. Ask yourself, how many calls would you be willing to make after you got rejected over and over again, before you gave up.

Entrepreneur’s Focus On Winning The Race

penny 2 Penny Chenery, Secretariat, Super EntrepreneurIt didn’t get any better for the Secretariat race team, when he lost an important race just prior to the Kentucky Derby. Thus, another chance to throw up their hands in defeat. But again, because of their unwavering will to succeed, they pushed forward and, well, you know the rest.

The bottom line here is that adversity and challenges are part of what it takes to be a successful entrepreneur. You also have to dust yourself off and get back on the horse (sorry for the bad pun), no matter what. If you can’t take the Penny challenge, then you should run, not walk away, because you are not meant to be an entrepreneur.


Here are some additional sites that I have found to be helpful to entrepreneurs. Thanks for visiting The Entrepreneur Success Team!


An Entrepreneur Creating Chances at a Better Life - New York Times
Entrepreneur and Entrepreneurship
Heidi Klum : People.com
Video - Entrepreneur Philanthropist Rapper: 50 Cent at the Wall ...
entrepreneur ship - Cultural Dictionary | New Words & Word Trends ...
D.C. Tweeps 2011: Q&A with 2010 Favorite Entrepreneur Jacki ...


What Would Ray Kroc Be Doing In The 21st Century?

November 27, 2011 Posted by admin

What Would Be Ray Kroc’s New McDonald’s?

ray kroc What Would Ray Kroc Be Doing In The 21st Century?To be successful Ray always understood that certain things had to exist if he was going to make his McDonald’s franchise operations a success. These things are true to some level for any entrepreneur and for any type of business, they are:

1)       Work what ever hours it takes to succeed.

2)       Do whatever it took.

3)       Understand the importance of delivering a quality product.

4)       Make sure that you take care of the needs of your customers.

5)       Learn and understand your market to be able to uncover new and unique opportunities.

Then, once you have done your homework and have found an opportunity, pour your heart and soul into it. That’s the way it works.

So one other thing about Ray Kroc and the McDonald’s franchise operation. Because, people needed to continue to eat (I know pretty basic concept right), he knew that he would continue to receive revenue from his stores. In fact, McDonald’s produces more revenue per store then it did when Ray was still around.

Thus, developing a residual income was also another key benefit of the McDonald’s franchise operation.

I’m Not The Founder Of McDonald’s So What Should I Do?

ray kroc 1 What Would Ray Kroc Be Doing In The 21st Century?If you believe that the steps that Ray Kroc followed are the right ones for you, then I would suggest that you take a look at this video. Follow the whole thing through. You’ll see that it fits every criteria that Ray had for his McDonald’s franchise business. Invest the time and see what you think, click on the link below and invest the 24 minutes to see for yourself how Ray Kroc’s principals for success are possible today.

 

 

click here1 What Would Ray Kroc Be Doing In The 21st Century?

Watch The Video And Decide!

 

 

 

 

 

 


Here are some additional sites that I have found to be helpful to entrepreneurs. Thanks for visiting The Entrepreneur Success Team!


Can someone be an entrepreneur within a large company? - Yahoo ...
Top 10 Small Business Predictions for 2012 - Business - Small ...
Commission on Science & Technology | Entrepreneur Assistance
North Carolina Entrepreneurship Center
Dick Smith (entrepreneur) - Wikipedia the free encyclopedia
Bernard_lewis_(entrepreneur) | Define Bernard_lewis_ ...


It’s All In Your Head

November 16, 2011 Posted by admin

Winning Starts With Your Mind

Usually my focus is on formal business strategies, but I was listening to an audio about letting people know who you are and decided to pass on a little bit about me to give you some perspective on my attitude about success and why it’s important.

sick Its All In Your HeadAbout ten years ago, I was on top of the world, I had been a very successful businessman and was in demand in my market. I was making a healthy six figure income and actually doing so well that my wife decided to take some time off because we really didn’t need the extra income. We had moved to a Colorado in a rural town and were looking forward to about ten more years of work for me and then a very early retirement.

One day, I was getting ready for work and as I walked out of my home office, I collapsed. We thought it might be a bad reaction to a medication I had be taking to get over the flu, but boy were we wrong. After a few months with no diagnosis, my day consisted of rolling off the couch on to floor, crawling to the bathroom and with my wife’s help rolling back onto the couch. I was dying, nobody knew what was wrong with me, but I had gotten so weak that I could barely move.

Part of the reason they were having such a difficult time diagnosing me was that I had so many different symptoms.  Besides falling down, I had terrible rashes all over my body, severe joint pain, I was light headed most of the time and had these terrible sores in my mouth and nose.

At six months of this, nobody expected me to last much longer. In fact, I later learned that my wife feared every morning that when she came down stairs that I would be dead. Sadly, I assumed the same thing, I wasn’t sure everyday if I would wake up the next day. But a miracle happened for me that month. I saw an infectious disease specialist who was not only smart, but also very compassionate. She new that I didn’t have a problem that she could cure, but she also figured out that I had a neurological problem and possibly an auto immune issue as well. While I was in her office, she left, marched down the hall and went to talk with the neurologist, who saw me immediately. I also saw a Rheumatologist that she set up the same day.

sick 1 Its All In Your HeadThe Neurologist examined me and said that he wanted an MRI done right away and the next day I was in a tube with a lot of banging noises. Two days later I was sitting in an office with a neurosurgeon. By the way, I couldn’t sit, I would slide out of the chair, my wife had to keep me propped up or I would have been on the ground.

That day, my life was saved. He looked at the MRI and told me that I had a severely herniated disc in my cervical spine and that I was lucky to be alive. He actually booked an extra surgery the next day and made me stay in the hospital from 7:00 AM till my surgery late in the afternoon because he was concerned that me being at home was too risky.

Hawaii Vacation 026 300x168 Its All In Your HeadThe next day, after surgery, I was able to walk. You don’t know me, but I am a pretty tough guy. I am 6′ 3″ and weigh in at around 250, I am built like a line backer and was a hardcore business guy, but that day, I cried like a baby. I actually was going to have a life and from that point forward, I really appreciated it.

Two weeks later, I walked into the Rheumatologists office all smiles thinking I was out of the woods and expecting him to say that he found nothing. Unfortunately, I was wrong, I was informed that I have a disease called Lupus and it had already damaged my heart, lungs, kidneys, liver, spleen, brain and nervous system. So I went from the frying pan into the fire.

But I had beaten one tough situation and I was no longer going to let this disease or anything else take my future with my family away, I have had to adapt and can no longer deal with the stress of the high pressure management jobs that I had in the past, but I wasn’t going to give up on myself or my quality of life.

I studied nutrition and put myself on an intense exercise program. I believe that those programs have kept me alive and have actually improved my life. I was actually a semi finalist in a men’s fitness competition for those over 50 a few years back and continue to keep myself as healthy as I can be. I do have some limitations, but I never let them stop me.

Last but not least, I have held off on going back into the business world because I can’t handle the stress, but I feel blessed because I now have options. With the advent of social media and web technology, I can work from home and grow a business. I am excited about my prospects and have a challenge to look forward to everyday.

I am saddened when I hear people who have 100′s of excuses why they can’t succeed. I would rather continue to be ill with a positive attitude then have better health and live with the negativity that these folks have.

So if you are one of those who feels that the world is against you, think again, if you have your health, you need to check your mental health as well. I am going to succeed in my new business venture and I challenge you to come along and succeed with me. But I don’t need you if you have a negative attitude. So check it at the door and lets do something together.

I plan on being around for a long time and making something happen, join me, shut the door to the past and hang on, it’s going to be a great ride.

Click here to join me and empower your life!


Here are some additional sites that I have found to be helpful to entrepreneurs. Thanks for visiting The Entrepreneur Success Team!


Dov Charney on young entrepreneur cover | Flickr - Photo Sharing!
Entrepreneur - YouTube
How to Succeed as an Alpha Female Entrepreneur | Video - ABC ...
Social entrepreneur - Dictionary.com - Reference.com
Tips and Ideas for Becoming an Entrepreneur at Age 50 Plus
Are You a Born Entrepreneur? (Opinion) - Business - Small ...


About Dale Carnegie

October 22, 2011 Posted by admin

Dale Carnegie Biography

dale carnegie About Dale CarnegieIt seems that when ever I write about an entrepreneur or motivational figure of the 20th century it always starts out the same way. They all came from a poor, or at the very least humble beginnings. Dale Carnegie was no exception to that.  He was born on November 24, 1888 in Maryland, MO to a poor farming family.

Young Dale started out his life working with his father. Getting up at 4:00 AM everyday to milk the cows on his fathers farm. Determined to find a better life for himself, Dale was able to complete his chores while still getting an education and graduating from the State Teachers College in Missouri.

Using his background in farming and his, already found skill. of winning friends and influencing people, Dale Carnegie’s first job was selling correspondence courses to farmers. Taking his skills to the next level, he joined  The Armour Company and with in a short period of time became the number one sales person in Omaha with the leading territory in the nation.

After many years of success, he was able to leave his job with Amour to pursue his life long dream of becoming a lecturer of popular adult education courses. This was to be a turning point in his life that started him down a path of public speaking and developing best selling books on how to influence people in a positive way, thus getting the results in business and life that you were looking for.

By the time of his death in 1955, Dale Carnegie was recognized as one of the best selling authors on public speaking and influencing men in business. His books have sold over 50 million copies worldwide and have been translated into over 40 different languages. His teachings have spawned an entire industry with courses that are still popular today. His courses have been taught in over 75 countries and to millions of students.

Dale Carnegie Quotes

dale carnegie 1 About Dale CarnegieOne of my favorite Dale Carnegie quotes is one of his shortest: ” Act enthusiastic and you will be enthusiastic”  He understood that you can affect and control your attitude by the way you act. It’s so easy to become negative and see the bad in a situation. But if you decide to act positively, you will feel the change in your demeanor almost instantly. This is not only a good tool for your business career, but a sound way to live your life in general.

Another great quote that all entrepreneurs should live by is:  “Do the thing you fear to do and keep on doing it… that is the quickest and surest way ever yet discovered to conquer fear”. One of the most common failings of entrepreneurs today is their lack of willingness to go outside their comfort zone. Many times what you fear, is what other fear as well. When you accomplish something that was holding you back, it may ultimately put you at the front of the pack.

How To Win Friends And Influence People

dale carnegie 2 About Dale CarnegieThis is probably one of Dale Carnegie’s best know works. It should also be a required read for anyone considering becoming an entrepreneur. I will not dig deep into this book in this short article, but will point out one key point about it. The point I would like to focus on is that Dale Carnegie always believed in finding the positive in people and situations. So when he is discussing influencing people he is talking about a mutually beneficial relationship. In essence showing the value of a decision to all sides.

So many focus on how to negatively influence or take advantage of others. This is not a strategy for long term success and something I would suggest you aviod if you want to get the most out of your relationships and business.

If you are an entrepreneur, or want to become one, you should get your hands on “How To Win Friends And Influence People” and should also read everything you can about Dale Carnegie. He will help you to create a key foundation for how to build the relationship part of your business. This is a part that so many forget about.


Here are some additional sites that I have found to be helpful to entrepreneurs. Thanks for visiting The Entrepreneur Success Team!


Heidi Klum : People.com
With Patience and Cunning an Entrepreneur Snags One of San ...
Montana Department of Commerce - Home Page
BBC News - Chinese entrepreneur found freedom in French furniture
How 9/11 Made Me a Better Entrepreneur - CBS News
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Who Was Andrew Carnegie?

October 21, 2011 Posted by admin

Andrew Carnegie Biography, A True Entrepreneur

acndrew carnegie Who Was Andrew Carnegie?As with many entrepreneurs, Andrew Carnegie started with very humble beginnings. Born in 1835, his early years in Scotland started at the beginning of a large scale famine. To avoid this terrible blight, his father moved the family to the United States in 1848. By the time he was 13 Carnegie was already working, he took his first job as a spool changer for a cotton company. Lasting two years in tough conditions, young Andrew got a job as a messenger boy for Ohio Telegraph.

Also, common among so many entrepreneurs, Andrew Carnegie was willing to do what ever it took to be the best worker he could be and was well rewarded for his efforts, when by the age of 18 he was promoted to the level of Superintendent of the Pittsburgh division of the company.

Then through a series of smart investments and an incredible knack for leadership, he became recognized and very wealthy through the control and growth of the largest iron and steel operations in the United States. He retired at the age of 66 with an estimated net worth of over $220 million.

Living to the ripe old age of 83, Carnegie will also be remembered for his generosity, trainings that wisdom that he offered to so many who wanted to become entrepreneurs and his many foundations.

 

Andrew Carnegie Quotes

andrew carnegie 2 Who Was Andrew Carnegie?Carnegie had so many great quotes through out his life. For this article, I wanted to pick out one that has helped me in my business career. When talking about what to believe about a person, he said: “As I grow older, I pay less attention to what men say. I just watch what they do“.

There is much deep meaning in this quote and it is not only a good one to live your business life by, but your personal life by as well. If what a person says doesn’t match up with what they do, it becomes hard to depend on them in your business. Knowing this is very important. Especially if you are depending on this individual to be a key player in your company or an important supplier.

When success or failure can hinge on how a person performs, be careful to watch their actions and not to get too lost in what they say.

Another great Carnegie quote is: “Concentrate your energies, your thoughts and your capital. The wise man puts all his eggs in one basket and watches the basket”. In essence he is saying stay focused in and on your business. It is very easy to be distracted by other things around you, or other opportunities.

This is especially true today with the internet and email. You can see new opportunities flashing across your screen every ten minutes all of which will help you to take your eye off the ball. Put another way, “Once in a lifetime opportunities usally only come about once or twice a day”.

If you lose focus on your business, you are risking failure. I once worked with a company that had two divisions. The resale division was extremely successful. The owners decided to create a software division, they had no experience in software, but felt that because they had such success with their resale business, software would be easy.

They poured all of their profits into the new shiny software business, but could not get the product to work. In the mean time, they took their eye off the ball with their resale business. Because they weren’t watching, they ended up losing their largest supplier, who was exclusive to them. Without that supplier, they had no strategic advantage and their business was rapidly dying.

My job with this company, was to sell off the assets to close them out during a chapter 11 bankruptcy. This was a shame because they were a very successful busy only two years prior.

Following Leaders Like Andrew Carnegie Breeds Success

andrew carnegie 1 Who Was Andrew Carnegie?For those who follow my blog, you know that one of my favorite lines is that one of the best ways to be successful is to learn what successful people do and follow it. In Andrew’s case, he is one of the best examples of what it takes to be a true entrepreneur. Some would say that the world has changed a lot since his days in the steel industry.

But the truth is that the principals of good business have never changed. It doesn’t matter if were in the steel business or you are in a online affiliate business today. Good planning, picking the right employees and partners, treating them with respect and having high expectations from everyone including yourself is the basis for a good model anytime in history.

If he were alive today, Andrew Carnegie would have to get up to speed on some of our latest technologies, but his natural skills and willingness to overcome obstacles would have made him successful in our modern era.


Here are some additional sites that I have found to be helpful to entrepreneurs. Thanks for visiting The Entrepreneur Success Team!


Cyrus Harvey Dies at 85 - Film and Soap Entrepreneur - NYTimes.com
AOL.com Video - Using Entrepreneur Experience in Business ...
Super Bowl Parking -- Big Money for Big D Locals | TMZ.com
entrepreneur ship - Online Etymology Dictionary | Etymology of ...
Entrepreneur School - Twitter
Entrepreneur (magazine) encyclopedia topics | Reference.com


Ben Franklin: Scientist, Inventor, Entrepreneur

October 17, 2011 Posted by admin

Ben Franklin Was an Early Entrepreneur

ben franklin Ben Franklin: Scientist, Inventor, EntrepreneurWhen you think of Ben Franklin you automatically think of the inventor of electricity. Ben Franklin is the grandfather of entrepreneurship.  Even though he didn’t actually invent electricity, he invented the lightning rod, a tool that was used to harness electricity and protect buildings and ships from lightning strikes.   He was a scientist at heart and that drove his inventor side. While the inventor side drove the entrepreneur side. His inventions and business opportunities often went hand in hand. For instance, he was the owner of the first fire company and then the first fire insurance company. His inventions or business opportunities would usually always be hand in hand.

Ben Franklin was also the inventor of the iron wood stove. During a time when everyone heated their homes with fireplaces, this was a welcome invention. Not only did it heat the house with less wood, but it was also considerably safer than the fireplace. Franklin stoves can still be purchased today.

Franklin Understood His Markets Needs

ben franklin 1 Ben Franklin: Scientist, Inventor, EntrepreneurHe often saw a need and filled it with a unique, easy to use invention. During his time as postmaster he invented a simple odometer to help track delivery routes and distances.

Everyone knows that Ben Franklin wore eyeglasses. What is not common knowledge is that he was the inventor of the bifocal. He often tired of putting his glasses on and off to see at different distances, so he cut two pairs of glasses that were different strengths and soldered them together so he could see up close or far away.

Even though he is not really know for his bio science he was fascinated with the human body and was always trying to invent things that would help the body function better or cure ailments. His brother suffered from kidney stones, so Ben Franklin invented a flexible catheter that could aid in the breaking up of kidney stones and blockages as well as help with urination.

He was also involved with the very beginnings of air conditioning. He noted that one day he stayed cooler by wearing a wet shirt than a dry one. This led to experiments with mercury and how it evaporated. He was able to keep a consistent cool temperature by doing this. The only thing that hindered his experiments is the technology of the day being unable to keep up.

Ben Franklins Drive Is Part Of What Made Him A Successful Entrepreneur

ben franklin 2 Ben Franklin: Scientist, Inventor, EntrepreneurBen Franklin was truly driven as an individual, scientist and inventor to make every day life for the common man better. He was proud of his roots and constantly strived to make life better. He invented so many more things than we’ve touched on in this article. He was a printer and a activist for social change, he was a pioneer for the concept of paying it forward. He believed this was the key to a better society. Even though his presence is felt less and less as the years goes by, his inventions and contributions remain. He truly did leave the world a better place for having been in it. Ben Franklin is the grandfather of entrepreneurship.


Here are some additional sites that I have found to be helpful to entrepreneurs. Thanks for visiting The Entrepreneur Success Team!


Economic Development Authority Entrepreneur District
Getting Started as a Social Entrepreneur - NYTimes.com
Silicon Insider: The Ultimate Entrepreneur - ABC News
How to become a successful internet entrepreneur? - Yahoo! Answers NZ
Samantha Ronson News Pictures and Videos | TMZ.com
Studio Roosegaarde 8 - Daan Roosegaarde - Pytch Entrepreneur ...


Richard Branson: Entrepreneur Extraordinaire

October 15, 2011 Posted by admin

Richard Branson Is An Example Of A 21st Century Entrepreneur

richard branson Richard Branson: Entrepreneur ExtraordinaireRichard Branson, entrepreneur, world renowned business magnate, and occasional high-flying daredevil originally hails from the United Kingdom.  His influence and fame within the upper echelon (i.e. Forbes 400) of wealthy entrepreneurs and business moguls is unmatched in terms of sheer risk taking and the breadth of his success over the last few decades.

Born in Blackheath, London, the eldest son of a lawyer, Richard Branson suffers from dyslexia.  It is an affliction that resulted in poor academic performance throughout his private schooling years.  Fortunately, his dyslexia did not hinder his ability to have a vision for business and an extraordinary gift for connecting with other people.

Business Ventures

richard branson 1 Richard Branson: Entrepreneur ExtraordinaireBranson is best known for his founding of Virgin Records, a business that actually began at the tender age of only 16 with a business simply known as “Virgin”.  In the early days, the business was known for offering deep discounts of recorded music, a practice that was relatively unknown at the time in the United Kingdom.    Needless to say, the fledgling venture proved to be a profitable one from the beginning.

Profits from the first few years of sales, led to the founding of what is now known as Virgin Records.  Branson was able to acquire a country estate that was fully equipped with a state of the art recording studio.   Studio time was leased out to fledgling artists and ultimately led to the company signing artists like Mike Oldfield and even somewhat controversial acts like the Sex Pistols.

Sticking with his “Virgin” theme, Branson created Virgin Atlantic Airways in 1994, followed by Virgin Mobile only a few years later.   Branson eventually sold Virgin Records to the EMI label for a whopping 500 million pounds.

Branson, the 21st century entrepreneur, seemed to never tire of starting new ventures, and selling off old ones.  In 2004, Branson set his sites on intergalactic space travel with the founding of a company called Virgin Galactic.  Branson received financial backing from Microsoft co-founder and billionaire Paul Allen.

Daredevil and World Record Holder

richard branson 2 Richard Branson: Entrepreneur ExtraordinaireExtravagant business ventures were just the start for Branson’s fascinating career and life.  Since the 1990s, Branson has become well known not only for his world record attempts at crossing the Atlantic faster than anyone had ever done before, but also his attempts at being the first to be carried in a hot air balloon around the entire planet Earth.

Branson’s daredevil stunts always include much fanfare and promotion, two tactics undoubtedly learned from his many years founding and building businesses.  Record setting attempts range from the downright dangerous to the bizarre.  In March of 2010, Branson attempted to set the record for putting a round of golf – in the dark – at a golf course in Melbourne Australia.

As Philanthropist and Humanitarian

Richard Branson will not only be remembered for his business and personal success, but also as a humanitarian and a person who truly cares about the needs of others who are less fortunate.  His work in South Africa, Kenya, Darfur, and others have inspired and drawn attention to the many troubles in those countries.  Branson personally calls Nelson Mandela one of the most inspiring individuals he has ever met.

Richard Branson, entrepreneur, business magnate, daredevil, billionaire, and humanitarian.  He truly is one of the few Renaissance men alive in the world today.


Here are some additional sites that I have found to be helpful to entrepreneurs. Thanks for visiting The Entrepreneur Success Team!


Entrepreneur sows snack idea - USATODAY.com
Kris Carr - Crazy Sexy Entrepreneur - NYTimes.com
Studio Roosegaarde 8 - Daan Roosegaarde - Pytch Entrepreneur ...
An Entrepreneur Creating Chances at a Better Life - New York Times
Cyrus Harvey Dies at 85 - Film and Soap Entrepreneur - NYTimes.com
The Entrepreneur: Information from Answers.com


P.T Barnum’s Principles For Becoming A Successful Entrepreneur

October 9, 2011 Posted by admin

PT Barnum Used Every Tool In The Book To Be a Successful Entrepreneur

barnum P.T Barnum’s Principles For Becoming A Successful EntrepreneurOne of America’s first millionaires, P.T Barnum was a true entrepreneur.
He believed there was a customer born every minute. Barnum would never be accused of being  a small thinker. His museum, which was one of his three great passions, was very popular. During his lifetime, over forty million people visited it which was amazing because that was the size of America’s population at the time.  He charged his adult visitors twenty-five cents each and the children at half of that. He did not limit his target. His target was the world.

PT Barnum Was A Marketing Genius

barnum 1 P.T Barnum’s Principles For Becoming A Successful EntrepreneurHe believed in trying outlandish marketing tools and methods , like using skyrockets. By this I mean that he used audacious ways to capture one’s attention. There was a time he had an elephant plowing the field on his property. This was so as to capture the attention of passengers in the train to New York City. The rail road was close to his field. This publicity stunt worked as he got good reviews from reporters and even farmers wrote to him asking him how to get elephants to do farming.

Another interesting thing is that he believed in giving people more than their money’s worth. Barnum worked hard to find something that people would enjoy. He wanted people to feel good while spending their money with him. For this reason he offered great entertainment such as Tom Thumb, Jenny Lind, Siamese twins, questionable artifacts and so on. He used all manners of ways to get attention but once he got the attention of people, he satisfied them.

Barnum also knew how to use the media. He knew you had to get  the media excited about your events. He was known as a showman, lecturer, author, philanthropist, politician and a marketing genius. His fame and wealth, he accredited to the power of the media.

P.T Barnum believed in paid advertising in addition to free publicity. Instruments that he used for advertising were posters, display ads, window signs, classifieds, and booklets. All this was to broadcast what he had for sale. He so much believed in advertising that people called him the “Shakespeare of advertising” Barnum also believed in helping people to get results. He used people so as to get certain favors and he also returned those favors.

A Positive Mental Attitude Helped PT Barnum Overcome Tragedy And Adversity

barnum 3 P.T Barnum’s Principles For Becoming A Successful EntrepreneurAn interesting fact about Barnum was that he believed all was well. There was a time his American Museum burnt down, he lost his wife but he still kept moving on. He always said” not my will but yours be done.” His faith stood by him.
Other simple principles that led him to success were his belief in the power of speaking and his belief in the power of written word. This is the only way that you can get your message out there.

An entrepreneur could learn a great deal from PT Barnum. It is always easy to give up when things get difficult. He never allowed his challenges to get in the way of his success. In many cases he built off of them.


Here are some additional sites that I have found to be helpful to entrepreneurs. Thanks for visiting The Entrepreneur Success Team!


David Karp (entrepreneur) - Wikipedia the free encyclopedia
Peter Barnes (entrepreneur) - Wikipedia the free encyclopedia
ASU Student Startup Named College Entrepreneur of the Year
Creative entrepreneurship - Wikipedia the free encyclopedia
How 9/11 Made Me a Better Entrepreneur - CBS News
BBC News - The internet entrepreneur who wants Taiwan to take risks


George Eastman, An Unlikely Entrepreneur

October 4, 2011 Posted by admin

George Eastman Biography

eastman George Eastman, An Unlikely EntrepreneurWhile, George Eastman’s biography is pretty consistent with that of many highly successful entrepreneurs, it is a tale that isn’t heard all that often and deserves being brought back to light over and over again. This impressive entrepreneur, who is well known as the famous name behind the Eastman Kodak camera started with very humble beginnings and had a lot to overcome to find the success he so richly deserved.

Born in 1854, George was the youngest of three children living in upstate New York.  His family moved when he was five so that his father could pursue a dream of establishing a Commercial College. Sadly his father died, the college failed, and the family found itself in serious financial trouble.

This forced George to quit school at the age of 14, so that he could seek employment and contribute to the family welfare. He started out as a messenger making all of $3 a week, but even at this young age, his energy and tenacity got him a job as a junior clerk where he was making five times that of his initial job at $15 a week.

The Entrepreneurial Bug Hit George Eastman At A Young Age

eastman 1 George Eastman, An Unlikely EntrepreneurOne of the most common things you will find about an entrepreneur is there ability to see opportunity out of adversity and challenge. George had been successful in climbing the company ladder and was now making decent money. So he decided to take a vacation. To record his trip, he went out and purchased a camera and all the stuff necessary to support it.

He quickly realized that there was more work involved with hauling a camera and everything else to go with it then it was worth. This was the basis for him rethinking the entire technology. This was the beginning of a revolution in the photography industry and it has never looked back.

Eastman, also understood that to make his business take off, that he had to have a product that could be used by the masses and not just the photography buffs and professionals. This gave rise to the film roll and a camera that could be portable enough to be carried on vacation. Something George was unable to do when he planned his vacation years earlier.

Combining Technological Expertise And Marketing Skills, George Eastman Built A Successful Company

eastman 2 George Eastman, An Unlikely EntrepreneurThe Eastman Kodak Company, became the industry standard for many years when it came to photography. It was the basis for many technological breakthroughs. But the unique solutions to portable photography may have not come along when they did.  There would have never been an Eastman Kodak if George Eastman had not understood that there was a need that hadn’t been filled and a market that hadn’t ever been considered for this type of product.

This is a great lesson for today’s entrepreneurs. Too often, people today assume that everything that is going to be invented has already been created. Or someone comes up with a unique idea, but can’t see how to bring it to market. But if you stand back and look at what happens around you, there are always ways to improve things, or a market that has been under served or ignored.

Take your time to find these opportunities and see how you can better serve those who aren’t getting what they want or need today. Who knows, possibly before you go on your next vacation, you might discover the next generation answer for recording your event for posterity.

 

 


Here are some additional sites that I have found to be helpful to entrepreneurs. Thanks for visiting The Entrepreneur Success Team!


Autonet Insurance Wins Entrepreneur of the Year - Yahoo! News
BBC News - Manx snowboarder turns entrepreneur after funding cuts
Visa Problem Prevents Entrepreneur From Creating American Jobs ...
How to Succeed as an Alpha Female Entrepreneur | Video - ABC ...
How to Become an Entrepreneur | Reference.com
Cyrus Harvey Dies at 85 - Film and Soap Entrepreneur - NYTimes.com