Click on this picture to get Jim Rohn Goals Guide
This is one of those professional development books that all inspiring entrepreneurs need to read. I don’t know why it took me so long to find it. I skipped over it plenty of times too. Napoleon Hill’s book ‘Think and Grow Rich’ is a masterpiece. Read some of these quotes and and watch the video to unlock the power to succeed.
There are several motivational channels that can help drive you to success. Entrepreneurs are always looking for something to gain an edge. I would argue that these three YouYube channels will help you with the right mindset.
One of the best motivational speech compilation EVER #14 – DISCIPLINE |
I should have read Jim Rohn’s books years ago, but I didn’t. Rohn provides the right information at the right time and his books are fabulous. Every entrepreneur should not only read his books, but listen to his audio (via YouTube or Audible.
This video is probably one of his better ones, but I just bought the Audible series and it rocks!
Jim Rohn’s book of quotes is especially good…
The key factor that will determine your financial future is not the economy; the key factor is your philosophy. – Jim Rohn
Entrepreneurs need to stay sharp and know what is happening in the community. How can entrepreneurs do this? They can stay current by reading two of the leading magazines and some of the best journals on entrepreneurship.
My two favorite magazines are Entrepreneur and Inc. Check out their web pages and subscribe to the magazines. These two provide many golden nuggets of opportunity available to entrepreneurs and the art of entrepreneurship.
Some of the major journals on Entrepreneurship also provide great advice to thriving entrepreneurs and entrepreneurship in general.
Entrepreneurship Theory and Practice (ETP) is a leading scholarly journal in Entrepreneurship. The journal’s mission is to publish original conceptual and empirical research that contributes to the advancement of entrepreneurship. ETP is consistently ranked as one of the most influential business journals of the Journal Citation Reports and by the Financial Times as one of the top journals.This journal is a member of the Committee on Publication Ethics (COPE).
Journal of Small Business & Entrepreneurship is a double-blind reviewed and scholarly Journal dedicated to publishing in English and French original and outstanding studies that improve knowledge and understanding of entrepreneurship and small business management and, eventually, shape these fields of research.
Academy of Entrepreneurship Journal (AEJ) is a peer reviewed open access journal affiliated to allied Academy. Sponsored by the professional bodies like the Academy of Entrepreneurship, the journal adheres to a stringent double blind peer review policy. With an acceptance rate of 30%, AEJ considers theoretical, conceptual and empirical studies in entrepreneurship and small business management for publication.The journal caters to the needs of wide range of readers like B-schools, small and medium business entities, industries, policy makers, researchers, scholars, academicians and students. To this extent the journal encompasses a broad spectrum of topics in this field for publication, including but not limited to Strategy and entrepreneurship, nascent entrepreneurship, global entrepreneurship monitor, female entrepreneurship, business model evolution,Latent entrepreneurship, global entrepreneurship monitor, entrepreneurial spirit, small business owner-manager, small and medium enterprises, industrial policy and sectoral choice, entrepreneurial heuristics, entrepreneurial Spirit, Small business and economic growth, Nascent and start-up entrepreneurs,New venture creation process, organization, and behavior family business, Managerial characteristics and behavior of entrepreneurs,start-up entrepreneurs, customer relationship management, consumer behavior, E-Commerce and E-Business Models.
Many of the MOOC’s (Massive Online Open Courses) offer entrepreneurship training and courses for free. MIT uses EdX for a course titled
“Becoming an Entrepreneur” – click on the picture to take this course.
Others such as Coursera offer this course by Wharton: Click on the image to take this course…
“Wharton’s Entrepreneurship Specialization covers the conception, design, organization, and management of new enterprises. This four-course series is designed to take you from opportunity identification through launch, growth, financing and profitability. With guidance from Wharton’s top professors, along with insights from current Wharton start-up founders and financiers, you’ll develop an entrepreneurial mindset and hone the skills you need to develop a new enterprise with potential for growth and funding, or to identify and pursue opportunities for growth within an existing organization.”
Explore how entrepreneurship and innovation tackle complex social problems in emerging economies.
Tony Whatley puts together a great book for entrepreneurs that want to learn the art of the side-hustle.
“The truth is, we never stop learning. Learning isn’t something we “did”, it is something we “do.”
“Quit chasing squirrels or “shiny objects” in your life.”
Dan Pena is the man when it comes to mentoring millionaires and creating wealth. Dan is called the $50 Billion Dollar man because he has created that kind of value as a high performing coach.
Dan’s stuff is free online too. Click on this photo to get it!
If you really want to learn his fundamental methods, you have to attend one of his seminars.
Gaining information on a competitor is very easy with the use of technology. Gathering the information is the first step. I believe using Colonel John Boyd’s OODA loop is a great way to do this.
The OODA loop is the decision cycle of observe, orient, decide, and act, developed by military strategist and United States Air Force Colonel John Boyd. Boyd applied the concept to the combat operations process, often at the operational level during military campaigns. It is now also often applied to understand commercial operations and learning processes. The approach favors agility over raw power in dealing with human opponents in any endeavor.
The OODA in OODA Loop is an acronym that stands for:
The following OODA Loop is useful for small business owners:
- Observe: First thing you do is to observe what your competitors are doing. You do this by looking at their webpage, social media presence, ads they are running, and good ole spying by walking in their establishment (if a standard business) or watching what they do online (internet business). Then you take this information and analysis it.
- Orient: Secondly, you orient by reviewing what you are doing in business, understanding where you are financially and in the market. This phase is used to understand what your strengths, weaknesses, opportunities and threats are.
- Decide: Third, you decide how you will respond to your competitor’s advantages or disadvantages. You analyze and synthesize the information and come up with ideas on how you will copy (legally) or counter what your competitors are doing by understanding their tactics, techniques, and procedures.
- Act: the last option is to use the information and act on it. If you want to copy what your competitor is doing, go for it. If you want to counter and exploit a weakness your competitor has from what you have learned in the previous steps, go forth and conquer. The key to OODA loop is stay fluid and having a plan to flex when you need to. The resilient small businesses consistently find new innovations to succeed, and that starts with having an entrepreneurial mindset.
Dak Lok is an entrepreneur who gives it to you straight. He pulls no punches. I learned the following things by reading his book, F.U. Money:
Do something you love
Find something stable, long-term
Make sure it is portable
Profit margin >100%
Low startup costs
Little to no staff
24hr money coming in while you sleep (Source: F.U. Money)
Check out his webinar!