5 Personality Traits of an Entrepreneur

Source: Forbes.com~John Rampton
What does it take to be a successful entrepreneur? Is it being born a prodigy? Is it having a Type-A personality? Is it being an extrovert who spends all their time tinkering around on projects?

While some entrepreneurs have those traits, they rarely define the characteristics that make a majority of entrepreneurs. Not everyone is born with an intellect that will change the world. That student who couldn’t make it through college, like Bill Gates, is more likely to succeed than the lifelong overachiever.

So, if you’re not a born genius or overachiever, what personalities actually make-up entrepreneurs? Here are our five common personality traits that entrepreneurs possess.

1. Passion

For those uninitiated, entrepreneurs are not in it for the money. While there have been some icons who have made more cash than most of us we’ll dream of, think Bill Gates or Steve Jobs, the reality is that most entrepreneurs work an insane amount of hours for little or nothing. Why would they put themselves through this? Because they are driven to either solve a problem or make easier.

How passionate are entrepreneurs? According to research conducted by Tony Tjan and co-authors Richard Harrington and Tsun-Yan Hsieh, 65% of founders have been identified as driven by “heart.” Tjan also added that most entrepreneurs are fueled “by an unshakable sense of purpose.”

Throughout all the trials and tribulations, entrepreneurs reward themselves internally by realizing that they’re on a mission for the greater good. No matter how bad it gets, it’s their passion that motivates them between paydays and during all the times when everyone else tells them to quit.

2. Resilience

Sir Winston Churchill once said, “Success is the ability to go from one failure to another with no loss of enthusiasm.” As an entrepreneur, you’re going to fail. That’s just an unfortunate fact. While something that drastic would be too much for most people to handle, an entrepreneur has the uncanny ability to get up and dust themselves off. Instead of giving up, an entrepreneur will learn from their failures. What went wrong? How can I long from my mistakes? How can I succeed next time? These are the type of questions an entrepreneur will ask themselves. An entrepreneur doesn’t stay down when times get rough. They’re resilient and thrive off of the negativity.

If you need proof on the resilience of entrepreneurs, just look into the stories of successful entrepreneurs like Walt Disney, Donald Trump, Steve Jobs, Bill Gates, Henry Food or Thomas Edison. They all experienced setbacks during at some point to only become some of the most well-known and successful entrepreneurs in history.

3. Strong Sense of Self

Any entrepreneur will tell that there are numerous problems to overcome. Whether it be not securing enough funding, proving the naysayers wrong or facing the competition head on, it’s not easy being an entrepreneur. And, being passionate and resilient can only go so far. Which is why entrepreneurs also have an extremely strong sense of self.

For example, being self-confident and self-motivated are also key traits for most entrepreneurs. Entrepreneurs don’t think that their idea could be good. They know it’s good. And, they’re going to be motivated enough to illustrate to others that it’s worth the time and money to go forward. While they also understand that they can’t do everything on their own, they realize that they are the only ones to make their idea a reality.

And, just how confident are entrepreneurs? According to a study by the Ewing Marion Kauffman Foundation on behalf of LegalZoom, “91% of entrepreneurs are confident that their businesses will be more profitable in the next 12 months.”

4. Flexibility

Being able to adapt to changes and challenges is crucial for any business. In fact, most entrepreneurs will inform you that their idea or business plan is drastically different than when it began. An idea may be brilliant, but in reality it isn’t effective. Entrepreneurs are flexible enough to make the adjustments to make that idea feasible. Furthermore, entrepreneurs are prepared and willing to modify their plan when new information arrives and when there are changes in circumstances.

A great example of being flexible would be the recent story behind Hyungsoo Kim and his company Eone, which is short for Everyone. Kim initially develop a wristwatch that featured braille. He quickly discovered that people want to be included and not have attention brought to their disability. So, he trashed the original plan and came up with a watch that would not only be worn by the blind, but even people with sight.

5. Vision

Entrepreneurs see opportunity everywhere. They’re innovators who are always on the lookout to either develop a new idea or improve an existing product or service. And, chances are that’s the main reason why they became an entrepreneur in the first place. At some point in their lives they noticed something that could be better. But, instead of just saying that something could be better wasn’t enough. They actually put a plan in motion. In other words, entrepreneurs have the ability to see the future before it happens.

I always say Entrepreneurs are inspired by things that have never been seen before, things yet to be discovered. You must have the vision that nobody else does. Then the vision to see it through.

Newsletter 10/18/2014

Hello,

This newsletter is all about FACTS:

Rather than bullet pointing all this knowledge, I will recommend to you  small investment to looking at your financial future.

The Next Millionaires by Paul Zane Pilzner costs just $.70 cents on Amazon.

If you want to align your efforts with increasing trends. If you want Experts to point you in the right direction. If you want not only Financial Freedom And the Energy to enjoy it. Take a listen to Paul ‘s CD.

To Your Wellness – Financially & Physically,

Michele

 

work from home cartoon2The Next Millionaires—Wellness Entrepreneurs

If you are an entrepreneur, or considering becoming one in wellness, there has never been a better time in history to own your own business.

When I was growing up in the 1950s, millionaires were fictional characters on television shows like The Millionaire or in comic strips like Little Orphan Annie. Nobody actually knew or saw a millionaire. Even on the The Millionairethe “millionaire” John Beresford Tipton never appeared on camera. I remember asking my dad to go out to dinner and hearing his reply: “What do you think we are, millionaires?”

Read More…

“If you don’t take care of yourself, the undertaker will overtake that responsibility for you.” – Carrie Latet

7 Ways to Sneak Exercise Into the Self-Employed Lifestyle

When you’re self-employed, it’s easy to think that your schedule is 100% your own, and that you can pick and choose exactly how you want to spend your time. However, entrepreneurs work hard to please clients and build the perfect business — which means that personal time is often sacrificed for last minute projects, client meetings and tight deadlines.

The stress and long hours of the entrepreneurial lifestyle often come at the expense of physical and mental well-being. Trips to the gym take a back seat to the business.

If you’ve been struggling to find a way to fit regular exercise into your unpredictable, self-employed schedule, here are a few tips for the new year.

Read more…

paul zane pilzer“The early pioneers of both wellness and network marketing were motivated by the sense that it was possible to create a better life than the conventional routes offered – better personal health and better economic health, respectively. Now the ‘alternatives’ of yesterday have become the economic powerhouses of today and tomorrow.” ~Paul Zane Pilzer

9 Tips to Eat Healthy When You Work From Home

Helpful strategies to keep nibbling to a minimum when you work only steps from a well-stocked home kitchen.

We’ve all had those days. The refrigerator seems like it’s calling out your name. No one will know if you have just one piece of pepperoni pizza or a few bites of a sprinkle-topped lemon cupcake. But you will probably regret it when you can’t zip your “comfy” jeans or a button on a favorite blouse pops at an inopportune time.

As the summer holiday season approaches, the temptation to indulge can get stronger as our houses are filled with home-baked goodies. Here are a few tips that should help you keep things under control, stay healthy and look your summer best.

Read more…

30-Minute Workout, No Gym Required

From Health magazine

Who has time to burn megacalories? You do! Perform these exercises just three times a week to drop winter weight.

Feel the burn

Who has time to burn megacalories? You do! This speedy workout from Equinox instructor Lashaun Dale, based on her popular Cardio Bootcamp & Sculpt class, will blast up to 350 calories in just under 30 minutes, and you’ll build strength while you’re at it. Do this routine just three times a week to drop winter weight. (Planning a beach vacation? Add a brisk 45-minute walk on alternate days to burn another 250 calories a day. You’ll toast more than 2,000 calories a week!)

jacks-400x400Jumping jacks

Do jumping jacks for 2 minutes.

 

 

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Side lunge

Stand holding 5- to 8-pound dumbbells. Step right leg out to side and bend knee to 90 degrees, reaching hands down on either side of right foot. Push off right foot to return to standing with right foot directly in front of left foot, arms sweeping up with palms facing in. Repeat on left side with left foot stepping behind right as you return to center; that’s 1 rep. Do 24 reps,then switch lead legs and repeat.

 

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Dancing squat

Stand with right foot forward, a 5- to 8-pound weight in left hand. Squat; touch weight to floor as right hand lifts. Stand, lift left knee, touch right hand to right left in front of you. Squat then stand; touch right hand to left foot behind you; that’s 1 rep. Do 24 reps; switch sides and repeat.

 

 

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Line hops

Step or hop sideways over a stretched-out jump rope for 2 minutes.

 

 

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Tipsy bridge and lift

Lie on your back, feet hip-width apart, flexed left foot on a yoga block or telephone book, right foot on the floor. Keeping shoulders and head neutral and abs tight, lift hips so your body forms a straight line from shoulders to knees. Lower down, then lift right foot, bringing knee in toward chest. Return foot to floor; that’s 1 rep. Do 24 reps, then switch sides and repeat.

 

biceps-400x400Biceps and arm circles

Stand with legs slightly wider than hip-width, a 5- to 8-pound dumbbell in each hand, elbows bent and palms up. Keeping spine straight, squat and circle left hand up and in toward your shoulder in a circular motion (as if beckoning someone toward you); reverse to lower hand. Do 16 reps, then switch sides and repeat.

 

 

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Fast feet

Step quickly forward and backward over a stretched-out jump rope for 2 minutes.

 

 

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Triceps with a twist

Lie on back with knees bent, a 5- to 8-pound dumbbell in right hand lifted so weight is over shoulder. Let knees fall left while bending right elbow until end of weight touches floor near ear. Straighten right arm while lifting hips, legs, head, and shoulders. Lower gently down. Do 24 reps, then switch sides and repeat.

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Roll over and sit up

Start lying on stomach, chest lifted, arms stretched overhead, legs straight. Roll to right onto your back, bending knees slightly and bringing arms halfway down; curl up to sitting position as arms move back overhead. Curl back down, and roll back over onto stomach. Do 16 reps, then switch directions and repeat.

 

 

cross-crawl-400x400Cross crawl

Raise your arms, then lift left knee and bring right elbow down to meet it. Repeat on opposite side; alternate for 2 minutes, moving as quickly as possible.

 

 

You’re done!

 

 

The Advantage Of Being A Female Entrepreneur

Source: huffingtonpost.com ~ Author: Carolyn Gregoire

The Advantage Of Being A Female EntrepreneurThe tech and business worlds aren’t always seen as female-friendly places — just 37 percent of entrepreneurs are women — but female business leaders may actually have a surprising advantage over their male colleagues.

According to recent data from the Gallup-Healthways Well-Being Index, entrepreneurs in the U.S. feel a greater sense of purpose than the average worker (51 percent vs. 44 percent), which contributes to greater fulfillment from their work and lives.

Among female entrepreneurs, “purpose thriving” is especially strong. Fifty-six percent of female entrepreneurs say they have a strong sense of purpose, compared to 47 percent of male entrepreneurs, 48 percent of non-entrepreneurial female workers, and 41 percent of non-entrepreneurial male workers.

Separately, the study found that female entrepreneurs are also more likely to report greater physical well-being than male entrepreneurs and male and female non-entrepreneurial workers, the study found.

The findings ring true across age, race, and socioeconomic demographics, and also account for factors like martial status, income and weekly hours worked, the researchers found.

“Demographic factors alone don’t account for entrepreneurs’ higher purpose well-being,” a Gallup press release notes. “Rather, there is something else about being an entrepreneur that relates to liking what they do each day and being motivated to achieve their goals.”

According to a recent global ranking from Gender-GEDI, the United States is the best country in the world for female entrepreneurs to prosper, followed by Australia, Sweden and Germany.

To be sure, women face a number of challenges in starting businesses — including work-life balance concerns, fear of failure, and lack of female role models in business — but they still seem to be happier than their male and non-entrepreneurial counterparts. According to the 2013 Global Entrepreneurship Monitor (GEM) U.S. Report, female entrepreneurs who become established business owners ranked their well-being more than twice as high as non-entrepreneurs and non-business owners.

4 Ways to Max Out the 40-Hour Workweek

Source: entreprenuer.com ~ Author: Craig Cincotta

4 Ways to Max Out the 40-Hour WorkweekIn today’s 24/7 world, is the 40-hour workweek still possible or is it a pipe dream?

It is absolutely possible; you just need to work smarter, not harder.

In my role as VP of Communications at Porch.com, a home-improvement network, I communicate this philosophy to my team along with the importance of adopting work-life balance principles.

So how can other businesses implement these ideologies? They need to have a plan of action.

To help people crack the code for how to create an efficient and impactful 40-hour workweek, here are four methods to set a course for successfully working smarter, not harder.

1. Ignore the visibility trap.

Over the years I have observed one consistent action that extends their workweek well beyond 40-hours: The never ending quest for visibility. The No. 1 sign you are stuck in the visibility trap is you are going to too many meetings and particularly meetings you don’t really need to go to. Why is this trap so common? I have found that many people may feel left out or left behind if they are not at every meeting with their colleagues. Ignore this trap. I know it can be hard, but if you are in meetings, chances are you are not working.

How do you ignore this? Meetings are expensive so don’t spend valuable minutes in meetings you don’t really need to be in. Do a hardcore audit of your meetings. What is being discussed in the meeting that you can’t get after the fact? Does the meeting really need to be 60 minutes or can it be 30 minutes? What are the goals of the meeting? If a meeting does not have a structured agenda, clear roles for participants and a set of desired outcomes, it is probably not going to be a great use of your time.

2. Outcomes over activities.

Throughout the day you need to ask yourself, are you producing tangible outcomes or are you just participating in activities that you think are important? If you don’t have any goals in mind for the week, you won’t know if you are on track and driving actual value to the business. When this happens you also won’t have clarity, predictability or know if the week was truly a success (and if you spent your time on the right things).

How do you do this? Set up weekly priorities and stick to them. Communicate daily with your manager to ensure you are always on the right track and your week is setup for success. Are you getting the right support and resources? Do things need to change on the priority list? Have a conversation on Monday to set the table for the week. When you get to Friday, how will you know that the week was a success? If you focus on the outcomes over activities you are halfway there.

Related: 5 Simple Tactics to Keep You Organized and on Task Every Day

3. Your ARE the Boss of You.

Only you can truly control the fate of your week. Yes, things come up that you can’t plan for, but if you are focused on working with your manager on the right outcomes, you will have the air cover you need to stay focused on the task at hand. If you allow people to pull you off on the wrong path you will lose focus. Pick your spots, leverage the help of others, and control your day in a way that keeps you in the driver’s seat.

How do you do this? At the beginning of the day take a serious look at the day ahead. What MUST get done? What needs to happen to hit your daily goals? If you feel randomized call a time-out and reassess how you will carve up your time for the rest of the day.

4. Fly above the noise.

When you need to truly get work done nothing matters more than finding a way to fly about the noise. You can easily fall behind if you are spending too much time chatting in the hallways with colleagues, taking extended lunches, getting wrapped up in conversations and other activities that pull you away from the task at hand.

How do you do this? Stay heads down. Stay off Facebook and Twitter. Don’t get wrapped up in the gossip chains. Ignore the shiny objects. If you can do that you are well on your way to maximizing out your workweek to produce great results.

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