Here’s an interesting question I received on Linkedin from Richard Sink who asked:
“What lessons can you share with us about strategies when trying to turn your ideas (be it for social good or professional gain) into a reality?”
Great question. I work with start up’s on launching new ideas as well as established companies on re-inventing themselves in the marketplace.
I’d like to offer you a great format I use with my clients through this process. It’s the 8 stages of a start up which should be followed in this order: (more…)
Imagine the patience Thomas Edison must have had. He reputedly failed 10,000 times before he perfected the incandescent bulb. For 13 years he feverishly worked on it.
Of course, he didn’t invent the light bulb, he merely worked on perfecting an earlier idea. And, he didn’t work alone either, he had a whole team of engineers experimenting with a variety of ideas. But every time an idea didn’t work. He made notes and moved ahead. As he’s famously quoted “I have not failed. I’ve just found 10,000 ways that won’t work.” He stayed motivated trying one thing after another until it did work. If Edison can push through for 13 years, we should be able to push through a season of mental slumpery. (more…)
Owning and developing your own business can be a stressful endeavor, which should come as no secret to most people. Even those who have never owned their own company will acknowledge the stress and headaches that can come with being the person at the top of a business. You are responsible for not only your own livelihood, but many of you also for the livelihood of employees who work for you.
Now add the current economic conditions to the picture and it gets even more challenging. Despite best efforts, as a business owner you might be finding yourself struggling to stay ahead or, at best, stay afloat. The fear of having all of your hard work crumbling underneath you can stress anyone out. (more…)