Entrepreneurship – Do What You Enjoy, Enjoy What You Do
Published May 1, 2012 | 
Live life with the energy of your passion, and use the power that comes from focusing on doing what you have a passion for.
Characteristics of Successful Entrepreneurs – Enjoy to Succeed
If at all possible, do what you enjoy, because exactly what you are able to get out of your business in the form of let’s say, your personal satisfaction, your financial reward, your level of strength and enjoyment will always be the summation of what you are able to put into your business. So it stands to reason that if you don’t enjoy what you go about doing, in all probability it’s a safe assumption that will be fully purely reflected in either the success of your business, or ensuing deficiency of success. In fact, if you don’t really have a high-level of enjoyment for what you’re doing, chances are pretty good that you won’t succeed.
Most entrepreneurs would agree that their success is the result of hard work, long hours and having the right idea at the right time. But there is one factor often overlooked when starting your own business… starting a business that you absolutely love and enjoy doing.
The essence of the truth of the matter is that the most successful entrepreneurs and small business owners are the very ones that are happiest with what it is they do. They don’t focus purely on the revenue and making money, but more exactly on the sense of value and meaning that they gain when striving to improve the world. 
They don’t focus solely on the profits that they realize, but instead, it’s about the enormous passion they have for simply providing an incredible product or service. It’s the entrepreneurs who choose businesses based on what they love to do that are able to not only find the most success, but indeed, the most happiness.
Okay, so I’m often asked, “How can you tell that you’ll love the business you start?” Believe it or not, there are some fast and easy guidelines to help decide if your new enterprise startup will rapidly turn out to be your number one passion.
Be sure and choose a business for which you have skills, and can use your skills and abilities to their greatest potential. If you’re like most, you know what you both excel in and enjoy doing. Excelling at specific skill-sets and activities allows people to experience accomplishment and a high-sense of self-worth when all is said and done. Put your knowledge and proficient capabilities to the test and research your abilities and the specific jobs that they can be best suited for. 
If you find there is a great need in the market…then strongly consider going for it!
Choose a business where the time seems to go by fast. This is a very important factor not to over look, so if four hours seem like one, and one hour seems to go by in seconds, then you may have just discovered something that you really love to do. The simple fact is that whenever we enjoy what we are doing, the time literally seems to fly by. Selecting a business that allows you to do exactly what it is that you love to do the most, will of course make it much easier for you to put in the extra time and effort required to build your specific business.
Always select a business that you feel good about, since whenever we accomplish things that leave us feeling good, we personally become much more fulfilled and, of course, much more happy as a result. This translates directly into contributing more positive energy towards the critical balance between your work and life, a happier home, and a happier business.
Remember, happier businesses result in more productive and effective employees/team members, and in the long run, result in the generation of more profits… everything affects everything… especially the bottom line!
Average Entrepreneurs Fail
Published February 14, 2012 | 
You should always watch, listen, learn, and do. Remember that there’s no way you can know everything yourself, and anyone who thinks they do is inevitably headed for the weakness of mediocrity, and failure.
Let’s face it. When it comes to business, the actual truth is that most entrepreneurs fail. And in fact, what is considered a model entrepreneur is, if truth be told, the most likely to fail. So, “Who are the winning entrepreneurs?” Those enterprising creators, who conceive, establish and build businesses with enduring staying power, which seems to go way beyond average.
Upon closer examination, the average entrepreneur seems to fall short of accomplishing the things that make entrepreneurs successful. And of course this contributes to a much higher rate of failure. On the average, entrepreneurs:
Start small and with very little capital even though start-ups that begin with significant funds and a larger staff are the most likely to survive.
Start their businesses as sole proprietorships and remain so, even though incorporated businesses have a higher success rate.
Start as part-time ventures, while entrepreneurs investing their full-time efforts into the business have higher survival rates.
Start their businesses from scratch, but entrepreneurs that purchase their businesses from someone else have higher survival rates.
Never write a business plan even though writing a business plan predicts the likelihood of gaining future capital investment.
Start businesses that intend to serve the same clientele as served by their former employer, but the most successful entrepreneurs are those who differentiate and find an ignored customer base.
Start businesses in industries with the lowest success rate, and the one that comes to mind first for most people is the restaurant industry. Restaurants have so many factors that by themselves guarantee certain failure (i.e. location, insufficient capital, etc.), it’s amazing that so many people still think they will be the exception and become a great success.
They don’t get things right in their initial stages of formation. “It gets easier over time.” Start-ups’ rate of failure declines and their profitability increases the longer the business has been around. In other words, the market appears to sort out good businesses from bad early in the business life-course.
So the lesson to be learned is that your average entrepreneur is not very strategic or well prepared to enter the market. As a result the average entrepreneur fails and the entrepreneur that sticks in our mind is the successful, not-so-average Bill Gates-type. 
Is Bill Gates representative of most entrepreneurs? Of course not, but that’s probably why he survived!
It’s hard to tell if entrepreneurs that start off with good resources and infrastructure survive because of this early endowment or if they have early resources because they are doing something else that makes them successful. The answer is most likely a blend of sufficient resources and doing the right things to successfully operate and grow the business.
The important point to remember is that most entrepreneurs never develop the level of starting resources, for whatever reason that may be, that are interrelated with much greater prospects and probability of long-term survival, staying power and success.
Successful Entrepreneurs Guiding Principles for Business Success
Published February 19, 2010 | A simple fact proven over and over again, is that there is no simple formula for Entrepreneurs to use when creating a successful business, yet many Entrepreneurs have found there is an easier way to increase their chances of success by studying the wisdom, principles and insights of successful Entrepreneurs that have already accomplished success in their entrepreneurial endeavors, and following are just a few Entrepreneurial Words of Wisdom:
“Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets.” –Victor Kiam, owner of Remington Products
“The best reason to start an organization is to make meaning; to create a product or service to make the world a better place.”–Guy Kawasaki, venture capitalist, CEO of Garage Technology Ventures
“A friendship founded on business is a good deal better than a business founded on friendship.”–John D. Rockefeller, founder of Standard Oil
“An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.”–Roy Ash, co-founder of Litton Industries
“I’ve been blessed to find people who are smarter than I am, and they help me to execute the vision I have.”–Russell Simmons, founder of Def Jam
“One of the unique things we small companies have over the big guys is the ability to establish personal relationships. Big companies really can’t do that. You read about effective organizations, learning organizations, lean and mean organizations, but small companies can be virtuous. We as small companies can have virtue because we as small companies are basically the embodiment of one or two people, and people can have virtue, while organizations really can’t.”–Jim Koch, founder of Boston Beer Company
“Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you’re generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don’t make.”–Donald Trump, real estate developer
“High expectations are the key to everything.”–Sam Walton, founder of Wal-Mart
“A successful person isn’t necessarily better than her less successful peers at solving problems; her pattern-recognition facilities have just learned what problems are worth solving”–Ray Kurzweil, Inventor
“I wanted to be an editor or a journalist, I wasn’t really interested in being an entrepreneur, but I soon found I had to become an entrepreneur in order to
keep my magazine going”—Richard Branson, Virgin Records & Airlines
“Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production”–Joseph A. Schumpeter, Economist
“The entrepreneur always searches for change, responds to it, and exploits it as an opportunity”—Peter Drucker, Author & Businessman
“You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence and success. The problem is, you just don’t see them”—Jay Abraham
“There is no substitute for knowledge. To this day, I read three newspapers a day. It is impossible to read a paper without being exposed to ideas. And ideas.. more than money.. are the real currency for success”—Eli Broad
“I believe the true road to preeminent success in any line is to make yourself master in that line. I have no faith in the policy of scattering one’s resources, and in my experience I have rarely if 
ever met a man who achieved preeminence in money making.. certainly never one in manufacturing.. who was interested in many concerns”—Andrew Carnegie
“The remarkable social impact and economic success of the Internet is in many ways directly attributable to the architectural characteristics that were part of its design. The Internet was designed with no gatekeepers over new content or services”—Vinton Cerf
“There are a lot of things that go into creating success. I don’t like to do just the things I like to do. I like to do things that cause the company to succeed. I don’t spend a lot of time doing my favorite activities”—Michael Dell
“What is it that you like doing? If you don’t like it, get out of it, because you’ll be lousy at it. You don’t have to stay with a job for the rest of your life, because if you don’t like it you’ll never be successful in it”—Lee Iacocca