Frustrated or Fueled – 3 Tips to Keep the Fire Burning

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Josh James

Recently I was reading an article on Josh James, to a colleague, in the March 2010 issue of Inc. magazine.  For those who may have been living under a rock for the past year, and don’t know who Josh James is, he started a web analytic and online marketing company in Orem Utah called Omniture.

On his 33rd birthday he took the company public and in October 2009 sold it to Adobe for $1.6 billion with a ‘B’.

After reading the article, to my colleague, I was a little shocked by her response.  She basically said, “That kind of stuff just frustrates me”.

Here is what I read in Josh’s own words:

“On the first day of info systems class, this kid corrected the teacher three times.  I said, I have to get to know that kid.  His name was John Pestana, and we became friends.  One day, he said, ‘Why don’t you make webpages with me?’ I said, ‘Okay; sounds fun. Sure.’  We ended up charging $125 per hour.

About a year later, I remember sitting in Advance Finance, and the professor was saying, ‘This is the difference between an LLC and a C corporation.’  I’m like, ‘That class just cost me $125.  I’m out.’  That’s when I quit school.”

To my friends credit she has had some financial downturns…but who hasn’t had to pull back the belt a little in today’s economy?  In my eyes that story fuels me while others it may frustrate.  Why is that?

I know that Josh James is an anomaly; just like Mark Zuckerberg of Facebook or  Larry Page and Sergey Brin of Google; but needless to say, they accomplished something that should inspire everyone.  In Mike Michalowicz book, The Toilet Paper Entrepreneur, he refers to these moguls as “Media Darlings”.

Ironically, we don’t hear about the obstacles that everyone of them had to go over, around or under as their ideas and vision went from a napkin in a coffee shop through the four phases of a business cycle.

How does all this relate to you, your idea and your burning desire for an entrepreneurial adventure?  When you are in the middle of complete despair and failure seems to be the only option, what can you do to pull through?  As Mike Michalowicz poetically put it:

“Have you ever been doing your business with your pants hugging your ankles and, when you are ready to wrap things up, notice that you are extremely low on toilet paper?  Don’t deny it!  You know exactly what I am talking about.  Three tattered sheets of TP hang off the edge of the cardboard roll, mocking you.”

Here are three simple truths that can take any entrepreneur from staring hopelessly at three mocking sheets of paper to a full blown, double papered embroidered roll.

 

Follow Your Passion

Far too many listen to their heads and not to their hearts.  They begin to view things logically and completely neglect their inner voice.  “People whose whole objective is making money, usually don’t,” says Jerry White, professor of entrepreneurial studies at the University of Toronto, Canada.  Jerry White should know.  He has made it his business to study successful entrepreneurs and then to share his findings.  Throughout his research one message has come through: Find a product or service that you believe in and are passionate about.  Without passion you will surely fail.  “In your haste to make a living don’t forget to make a life.”  “Your whole physical being knows that this”, Joseph Campbell said of passion, “is the way to be alive in this world and the way to give to the world the very best that you have to offer. There is a track just waiting there for each of us, and once on it, doors will open that were not open before and would not open for anyone else.”

Keep Your Eye on the Goal

It’s important to set weekly, monthly, quarterly and annual goals.  They need to cause you to stretch but at the same time be attainable.  When a goal is not achieved analyze why and what you could have done better.  Then get to work doing.   “Hang on the walls of your mind the memory of your successes. Take counsel of your strength, not your weakness.” Said Sterling W. Sill “Think of the good jobs you have done. Think of the times when you rose above your average level of performance and carried out an idea or a dream or a desire for which you had deeply longed. Hang these pictures on the walls of your mind and look at them as you travel the roadway of life.”

Work, Work, Work

I love the quote by Gordon B Hinckley when he said, “…work, work, work is the key to getting things done, the key to success in life. There is no substitute for work, for getting up in the morning and getting at it and staying with it to get the job done. I don’t know of a greater asset for whatever lies ahead in life than the capacity to discipline oneself to work.”  If you are not thriving you are dying.  Nothing will extinguish a flame and kill a business faster then doing nothing.

That basically sums it up.  Nothing that was ever great, worthwhile or momentous was ever accomplished without passion, vision and sweat from the brow.

I would love to hear your thoughts and exactly what has gotten you through the refiners finer…and thanks in advance for sharing.

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Crossing the Rubicon

Pompey the Great was ruler of the Roman Empire.  His most important field general was Julius Caesar. Caesar had some differences with Pompey, and was considering marching on the capital to take matters into his own hands. In 49 B.C. Caesar came to the Rubicon, a small river in Northern Italy that served as his territorial boundary line. It was the line across which no general was ever allowed to pass without special permission from the Senate. If Caesar crossed the Rubicon it would be with the idea of making the entire Roman Empire subject to his will.

That was a momentous decision. It would immediately precipitate a civil war and divide the world between Pompey and Caesar. Caesar knew what the consequences would be if he tried and failed. He knew that many lives would be lost, in any event. Surely he must have hesitated before arriving at so great a decision, for he knew there could be no hesitation after the decision was made. Caesar carefully considered every angle. He explored every possible option. He reflected on every possible alternative. Then he made up his mind. He would march on Rome.

One part of Caesars power came from his ability to analyze a situation; another part came because of his habit to always finish what he started. Caesar said, “The die is cast.” That expression marked the point where deliberation ended and action began. There would be no turning back. Then Caesar threw himself into the waters of the Rubicon at the head of his legion and the whole history of the world was changed.

Lesson Learned…

Once we make a solid decision every contrary thought should be banished. No energy should then be wasted in doubts, fears, or reconsideration’s, and nothing should then be left undone which would otherwise help to bring about the projected accomplishment. Far too many of us are guilty and affiliated with the trait of making partial decisions; doing things “half ass”.  Until a firm resolve has been reached very little progress is made.  As David Glasgow Farragut (July 5, 1801 – August 14, 1870) is so well remembered for saying “Damn the torpedoes; full steam ahead“.

The Power of Responsibility

What we are today is a direct result of the extent to which we accept responsibility.

“It’s been said that the line between childhood and adulthood is crossed when we move from saying “It got lost” to “I lost it.” Indeed, being accountable – and understanding and accepting the role our choices play in the things that happen – are crucial signs of emotional and moral maturity. That’s why responsibility is one of the main pillars of good character.

Many people have been seduced by the Peter Pan philosophy of refusing to grow up and avoiding the burdens implied in being accountable. Yes, responsibility sometimes requires us to do things that are unpleasant or even frightening. It asks us to carry our own weight, prepare and set goals, and exercise the discipline to reach our aspirations.

But the benefits of accepting responsibility far outweigh the short-lived advantages of refusing to do so. No one makes his or her life better by avoiding responsibility. In fact, irresponsibility is a form of self-imposed servitude – to circumstances and to other people.

Responsibility is about our ability to respond to circumstances and to choose the attitudes, actions, and reactions that shape our lives. It is a concept of power that puts us in the driver’s seat. The grand panorama of the potential of our lives can only be appreciated when we begin to be accountable and self-reliant.

Responsible people not only depend on themselves, but show others that they can be depended on. This breeds trust, and trust is a key that opens many doors.

If you want more control over your life and the pleasures, prerogatives, and power of freedom and independence, all you have to do is be responsible.”

-Michael Josephson

Warren Buffett’s 7 Secrets for Living a Happy and Simple Life

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Secret #1: Happiness comes from within.
“In my adult business life I have never had to make a choice of trading between professional and personal. I tap-dance to work, and when I get there it’s tremendous fun.” — Warren Buffett
If you do what you love and love what you do, you’ll naturally be productive.

Secret #2: Find happiness in simple pleasures.
“I have simple pleasures. I play bridge online for 12 hours a week.” Warren Buffett
You can also learn to be happy with the simple pleasures of playing cards with friends, playing with your children or taking a walk in the wilderness.

Secret #3: Live a simple life.
“I just naturally want to do things that make sense. In my personal life too, I don’t care what other rich people are doing. I don’t want a 405 foot boat just because someone else has a 400 foot boat.”  Warren Buffett

Secret #4: Think Simply.
“I want to be able to explain my mistakes. This means I do only the things I completely understand.”  Warren Buffett

Secret #5: Invest Simply.
“The best way to own common stocks is through an index fund.” Warren Buffett

Secret #6: Have a mentor in life.
“I was lucky to have the right heroes. Tell me who your heroes are and I’ll tell you how you’ll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit-forming.”  Warren Buffett
Having a mentor is as important as having a purpose in your life, but having a wrong mentor is as devastating as having a wrong purpose in your life. The mentor has to be someone you can trust. You’ll find that person in your inner circle if you think hard enough.

Secret #7: Making money isn’t the backbone of your guiding purpose; making money is the by-product of your guiding purpose.
“If you’re doing something you love, you’re more likely to put your all into it, and that generally equates to making money.”  Warren Buffett
Money should never become the object and end all of your motivation.

What are some beliefs or traditions you live by that promote happiness.  Please comment and share.

If You Get Bucked Off; Get Back On

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Growing up on a small farm had a lot of advantages.  Living with my grandparents through my high-school years, in Snowflake, AZ, also had its privileges.  In addition to learning the fastest way to clean stalls filled with horse manure (my grandpa always told me that you can learn a lot from the end of a shovel) and how to mend a broken fence I was privileged to learn from a generation removed and learn, to some degree, how things were done in the “old days”.

My grandpa, Glen Stratton, had a way of teaching things using analogies and with sayings of his that we frequently called “Glenisms”.  One of his most popular sayings was, “I wouldn’t throw stones at your outhouse like that”.  I’ll let you figure out that one.  I’m not sure if he purposely meant for his instructions in one area of life to be applied to several areas of life, but they did leave lasting impressions.

My grandpa taught me to have a love of horses and also taught me how to team rope.  In learning how to ride horses and to rope there was always a guarantee that at some point you were going to be bucked off.  With that guarantee there was also a guarantee that no matter how small you were or how big the horse was you ALWAYS got back on.  This was not negotiable.  In fact, if you didn’t get back on it taught the horse a bad lesson; that it could buck someone off and be okay with it.  Try being the next rider on the horse after it’s formed this bad habit.

Isn’t this the same with life?  At some point we are guaranteed to be bucked off and if we don’t get back on what have we taught ourselves or learned from the lesson?  In fact isn’t getting back on an empowering action that strengthens us while if we were to stay off it would be a disempowering action that would weaken us.

There is a favorite poem that I have framed, hanging in my bedroom, entitled “Don’t Quit”.

Don’t Quit

When things go wrong as they sometimes will, when the road your trudging seam all uphill.

When the funds are low and the debts are high, and you want to smile but you have to sigh.

When care is pressing you down a bit, rest if you must but do not quit.

Life is queer with its twists and turns, every one of us sometimes learns.

And many a failure turns about, when you might have won had you stuck it out.

Don’t give up, though the pace seams slow; you may succeed with another blow.

Success is failure turned inside out; the silver tint of the clouds of doubt.

And you never can tell how close you are; it may be near when it seems so far.

So stick to the fight when your heart is hit; it’s when things seem worst that you must not quit.

I would like to hear about your greatest triumph and the feeling that came from conquering.

And as always, if you enjoyed it, please share it, digg it, stumble it and retweet it…

Powerful Lessons Over Soup and Salad

Today I had lunch with two amazing people; Tiffany Walke Peterson and Ty Bennett.

Tiffany is a key note speaker for the self founded company The Lighthouse Principles and is also endorsed by Jack Canfield, co-author of the Chicken Soup for the Soul series.  Tiffany is also a personal coach and mentor who has had remarkable success helping others to get their desired results.  She is a seasoned success trainer, speaker, coach, and facilitator helping individuals and organizations alike  in creating stellar results and lasting change in their professional, financial, and personal lives.  She is a powerful person and demands a presence.

Ty Bennett is also a speaker and author for Leadership Inc which he founded in 2009.  Ty has a life changing audio CD called The Power of Belief.  Ty is a gifted communicator who has a unique ability to make the complex simple and to teach and inspire. At age 21, Ty started a business with his brother Scott, which in a few short years they built into a multi-million dollar, international enterprise.  He is currently in the process of co-authoring a book with Kevin Hall about the two most important days of your life.   Kevin just released a New York Times best seller Aspire: Discovering Your Purpose Through the Power of Words.

At this point you are probably wondering what the point of this post is. Have you heard that your network is your net worth?  As an entrepreneur are you an introvert or extrovert.  Especially in today’s competitive world it is more important than ever to get yourself out into the public’s eye serve first.  It is easier now than it has ever been to make connections…powerful connections.  Social networks such as Facebook, Twitter, LinkedIn and YouTube have been the means of connections that would have never existed otherwise.  It is no wonder that there are more millionaires created now than in any other time in history.

One more thing…today’s lunch was the first time that I have met Tiffany, although we have communicated a few times via Facebook.  She did something that really impressed me.  She asked Ty and myself if there was any way that she could serve us.  She didn’t ask us half way or at the end of our meeting.  She asked right at the beginning.  Tiffany has mastered that if you help enough people get what they want, eventually you will get what you want.

What is the most powerful connection that you have made?

Lessons I Learned as a Boy

I am confident that as we scan our personal corridors of memory we can all recall lessons that we learned in our youth.  Some memories may be pleasant while others might be disheartening.  Despite the circumstances that our lessons came in or the situations in which they were made we all have the power to choose if our lessons are empowering or disempowering.  Do they cause us to grow or to shrink?

Glen Stratton

My Grandpa, Glen Stratton, always told me that if you see something that needs to be done, just do it.  I don’t know if he took this from Nike or if they took it from him but it did make a lasting impression on me.

He also taught me that today is the first day of the rest of my life.

On my eighth birthday my grandpa gave me a framed quote, entitled Believers Creed, which I still have today. I suppose that he saw potential in me that was not limited to my age or circumstance.

Believers Creed: Today is the very first day of the rest of my life. This is the beginning of a new day. God has given me this day to use as I will. I can waste it…or use it for good, but what I do today is important, because I am exchanging a day of my life for it. When tomorrow comes, this day will be gone forever, leaving in its place something that I have traded for it. I want it to be gain, and not loss; good and not evil; success, and not failure; in order that I shall not regret the price that I have paid for it. I will try just for today, for you never fail until you stop trying.

I suppose that I would ask what lessons are we teaching our children, if we have any, or even those with whom we associate with?

Regardless of what you religious or spiritual convictions are, the video below reminds us that we are all part of something that is greater than ourselves.

As always, after watching the video share the lessons that have been the greatest worth in your life and the lesson they taught.

The Opportunity of Adversity

Born with no shin bones, it would be easy to think that Aimee Mullins would be content with leading a “disabled” life or at best a “normal” life.  Instead of buying in to her reasonable excuse to live a life of mediocrity Aimee decided at a young age that she wanted and was worth much more.  Instead she became an Olympic Athlete, a model, an actress, and an inspiration to many around the world.  She knows firsthand what it means and what it takes to overcome adversity and to harness it into opportunity.

It is mind boggling to watch her and know that she was at one time looked at as being “disabled”.  On the contrary she is a living testimony that the human spirit can triumph over all hardships and come off a conqueror.

Watch part of her story below and as always, drop me a comment. I’d love to hear your thoughts.

Is Involvement the Key? A Life Lesson from 4 Year Old Ethan.

On Tuesday, May 11, 2010 in Layton, Utah, four year old Ethan Jonathan David Stacy was killed after being severely tortured and beaten by his step-father and mother, Nathan and Stephanie Sloop.  I have to step back and take a broader look at this picture and wonder if this needless death could have been prevented.

As an entrepreneur I am always eager to share what my latest venture is or to be involved with the next entrepreneurial seminar but how enthusiastic am I in getting involved in my own community, let alone with those who live right next door to me.  I wonder if in the 5 days of torture ensuing in the death of little Ethan if signs or clues were not given to where an observant neighbor might have been able to interject and save Ethan’s life.

I am not talking about being nosy, gossipy or meddlesome.  I am simply saying that we need to be more involved with our neighbors and community.  Ask yourself these questions and if you are not able to answer them, then you have some homework to do:

1.      What are the names of my neighbors?

2.      What are the names of my neighbor’s children?

3.      What are the occupations of my neighbors?

4.      What are the religious or ethical beliefs of my neighbors?

I believe that we are our brother’s keepers.  Steven R Covey, in his book The 7 Habits of Highly Effective People, states that we are interdependent beings; meaning that we thrive when we work together harmoniously.  You and I can accomplish 3 times more than I can alone.  With instant messaging, texting, Facebook and Twitter we are losing the personal touch that caused us to flourish in the first place.

Ethan Jonathan David Stacy has not been the first child to lose their life to domestic violence but I want you to ask yourself if his death has to be needless.  I believe the time has never been greater than now to step outside of our digital world and really get to know who is around us and what caliber of people they are.

Below is the obituary for Ethan that I took from www.ObitsUtah.com.

Ethan Jonathan David Stacy

September 22, 2005 ~  May 11, 2010

Hometown: Richlands, VA

ETHAN JONATHAN DAVID STACY, 4 years old of Richlands, Virginia, passed away Tuesday, May 11, 2010 in Layton, Utah. Born at Fort Stewart Army Base in Savannah, Georgia on September 22, 2005, he was the son of Joe Gary Stacy of Richlands, Virginia. Ethan was a fun loving boy who enjoyed life and loved playing with his Transformers.

Ethan is survived by his loving father – Joe Gary Stacy and his fiancé Becky Leigh Elswick of Richlands, Virginia, One sister – Alisa Destiny Stacy, Mt. Carmel, IL, One Brother – Destrian Jonathan David Stacy, Mt. Carmel, IL, Paternal Grandmother – Peggy Jo and her husband David Akers, Grundy, VA, Paternal Grandfather – Gary Steven and his wife Freda Stacy, Hurley, VA, Maternal grandparents – John and Katrina Busby, Apopka, FL

He is also survived by several Aunts, Uncles and Cousins.

Funeral services for ETHAN JONATHAN DAVID STACY will be conducted Wednesday, May 19, 2010 at 1:00 P.M. at the Grundy Funeral Home Chapel with Evangelist Mike Rife officiating with burial to follow in the Clinch Valley Memorial Cemetery, Richlands, Virginia.

Friends may call at the Grundy Funeral Home chapel after 5:00 P.M. Tuesday with evening services at 7:00 P.M.

Active Pallbearers will be Marshall Osborne, Brett Sword, Aaron Keene and Jacob Keene.

A memorial fund has been set up for Ethan Stacy at Tru Point Bank – P. O. Box 1010 – Grundy, Virginia 24614 – Ethan Stacy Memorial Fund.

Online condolences may be sent to the family at www.grundyfuneralhome.com

Grundy Funeral Home of Grundy, Virginia is in charge of all arrangements.

What are your thoughts or feelings about getting out in your neighborhood and community and being involved?

Is Entrepreneurialism Free?

It’s shocking how many entrepreneurs also support bigger government. It’s an oxymoron and the two cannot coexist. Mixing big government and entrepreneurialism are like trying to mix oil with water; the two cannot and will not go together.  What happened to the entrepreneurial spirit where ‘I will provide’, ‘I will be creative’, ‘I will be resourceful’?  In order for Americans to be truly be free they need to maintain their rights of free enterprise and capitalism.

Americas Founding Fathers were all entrepreneurs who fought and died for a better way of life far removed from the idea of Socialism and a large Government.

Most likely the two most impactful events in Americas history where big government was challenged were the Revolutionary War and the Civil War.  The first was the people against government and the latter was the government and people against the government and people.  In both scenarios the integrity of the American people propelled them to success.  The question that many are asking is are we entering the 3ed stage in American history where the people will once again have to stand up to a government who is encroaching on our liberties?

Mitt Romney addresses the importance of supporting the entrepreneur, free enterprise and capitalism. Entrepreneurship and Freedom are one in the same. When Americans rights and freedoms are jeopardized so is our right to entrepreneurship.

What are your thoughts on Government and Entrepreneurship?  Does the size of the government threaten the effectiveness of an entrepreneur?