Tip #2 For Young Entrepreneurs – Taking Small Steps

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One of the things that I think is key in developing a successful version of yourself is by doing things that most others wouldn’t do. This is true. However, there’s another thing that makes people more successful than this. Its when you choose to do those other things – over and over and over again – that actually leads to success. For example, what makes the difference between sport champions and other athletes? What makes Peyton Manning and Tom Brady different than other QB’s in the NFL? It’s taking those extra steps to prepare – to practice. It’s taking those steps to study the other team.

What made Tiger Woods who he is? He prepared throughout his entire life to be great. In the following video, “Tip #2 For Young Entrepreneurs”, Mark Nathan asks Derek Kosek what he has done to be successful in his entrepreneurial career. He makes great points.

Obviously being a successful entrepreneur and sports player isn’t the only way that you can put this principle to good use. I’m sure some of you have already put this principle to use. I’d love to hear how you might have already used it in the past… but maybe you weren’t aware that you were doing it?

Tip #1 for Young Entrepreneurs: Know What YOU Want Out of Life

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Imagine, if you will, that you’re a basketball player. You have all the talent you need to be successful and you’ve come up with a regiment for yourself to succeed at your current level. Part of that regiment is just showing up. Another part of that is having someone there for accountability purposes and helping you progress – a coach. But a major MAJOR part of it is having a vision of where it is that you’re going to go and how you’re going to get there (a coach helps with this too!) Because you can run drill after drill, and shoot free throw after free throw – that’s true. But why are you doing that? If you don’t have a picture of yourself winning the game, then there’s not too much incentive to actually do that. To be frank, if you don’t choose to win, you automatically choose to lose.

In life, most of us believe we have a great plan that will get us what we want out of life. Usually it goes like this: Go to school, get good grades, go to college, get good grades there, (some random event???), get a well paying job, be able to support for your family of 2.5 kids and own your white picketed fence house.

That’s one scenario.

Here’s another scenario: Instead of your parents telling you that you should want, or what your boss thinks you should want, or even caring about what your buddies think of you, you should actually do what you want to do. Crazy, huh? Is that previously mentioned lifestyle what you want? Or did someone else give you that goal?

Most people who want to start their own business do it for one of two reasons. They have a great idea and they want to make it a reality. Another reason is that they want to live like a “rock star”. For me, the second was the case. Is yours? If the answer is yes, then would you mind doing a lot of work over a short period of time, that in the end, you’d have a lifestyle with time AND money? Maybe? Depending on what it is, huh?

Well… while you said you might do that, many of those that are considered great at life have already done that. Players in the NFL and NBA – they’ve spent their dues practicing day in and day out. Did they really want to spend all that time playing ball? Hip hop and rock stars? Yeah – they had to practice their talent as well and build up a fan base. Did they really want to do that show in that small town in that crappy bar? Probably not. But the entire time they had a visual for what they were seeking to accomplish. And that’s why they were willing to put the time in. Stardom just doesn’t happen. The lifestyle that goes with it – that just doesn’t happen.

The simple truth is this: right now, whether you know it or not, you’re putting together a picture. Like the picture on the front of a puzzle box. Each decision you’re making in life is a piece of the puzzle – right or wrong. What does your picture on your puzzle box look like? If you figure out out what you want that puzzle picture to look like, decisions in life get so much easier. You stop living just for the now, but you start living for the future.

When you start living for the future, then your best days aren’t behind you – they’re in front of you. That right there should help you get up every day because then you have something to live for. You have a vision. Start making every decision based on where you want to be in 5 years. A wise man once said, “A man without vision shall perish.”

Three Failure Diseases of Successful Time Management

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What do you want, when do you want it? That’s often a question I ask people as I’m starting to work with them. It’s a very simple question, but many times very hard to answer. The main reason for this is simply the fact that people in today’s world have so many distractions that they lose focus on what they really want. Simple time management practices are key in getting any long term projects done. But even with knowledge of these principles, at times things don’t get done.

In his book, the Magic of Thinking Big, Dr. David J. Schwartz suggested that there are three key diseases that affect effective time management. It is as true today as it was 50 years ago when he wrote about it:

The first disease, Excusitis, is simply the disease of having what seems to be valid reasons for not achieving a particular goal. For example, say you’re looking to increase your income by searching for a higher paying job. A person suffering from excusitis might blame the economy, or suggest that the person who is in The White House is the sole reason they have not been succeeding. When you focus on areas that you have absolutely no control over, you might as it’s like suggesting that it’s not the team’s fault they lost the game, it was yours for not watching. There’s two questions that you can ask yourself. Think, “What does this really have to do with the current state of my current situation?” Are the economy and politics a factor? Absolutely. Are they the deciding factor to the success of whether you get that next opportunity? Absolutely Not. Focus on the solutions, nothing else.

The second disease, Detailitis, is I think definitely the trickiest of the three diseases. I know I have problems with this one myself and I always have. Detailitis infects those people who get frozen on making decisions because they don’t feel they have enough information. Me being a very analytical type person, the more information I have about a given subject, the easier it is for me to make that decision. However, if you feel like the information is trickling in or if you’re waiting for all your ducks to line up in a row, sometimes a mental paralysis occurs that will get stronger over time. Uncertainty turns into frustration which eventually turns into fear. Action is what cures fear, not more and more information. Get the vital pieces to make a sound decision and then move forward. Let action, not indecisiveness control your results.

The third and possibly the most powerful of these diseases is Procrastination – aka “Why do it today when you can do it tomorrow?-itis”. I covered this disease in the initial post for NI, but I’ll mention it here again. This is a major killer of getting things done. When poor time management and lack of knowledge come to a head, this is the ugly outcome. Again, if you hear yourself say this, tell yourself: “What am I saying? Today’s as good a day as any to get this done! It won’t take forever. Plus, I can have a break if it starts taking too long.” Personally, I relate it to this statement: “When do you tell your parents you appreciate them? Before it’s too late and you can’t anymore.” The catch is this: if you want to position yourself for continued success in the future, you need to learn how to gain control over your time management by avoiding these 3 failure diseases. The future is yours. Grab ahold of it today!

So What Do You Think? Are there any other failure diseases that you can think of that get in your way of achieving your goals?