An Entrepreneur’s Biography

Is Spearheading a Business meant for You?

Not because you’ve got the capital to start a business means that you will be assured of being successful with your business. The truth is, not all people are meant to be successful in running a business. Logically speaking, not every individual is tailored to become one fine entrepreneur. Running a business requires special skill, talent, and ability.

While other people have these factors, a lot of individuals who try out the business world also lack them. It is just like managing plants. If one is a green thumb, then he will likely grow the plants well. It is just the same with business. If you are gifted with such special talents, then you can prove your worth in this line.

Before pursuing any dream in entrepreneurial, you’ve got to take time to analyze things about yourself. When you start investing energy, time, and money, it means you must expect something in return. But then you cannot be assured of winnings in terms of business because there is no guaranteed assurance with business.

Simply taking things into consideration, risks cannot in any way be eliminated. After all, doing business means facing your fears, facing the challenges, and getting it on with the competition. One particular tip for budding entrepreneurs is to always start with smaller capitals so that when losses confront you, it will not be too disappointing on your part. Small businesses are open to the possibilities of improving them to make them big. Armed with careful planning, a great dose of preparation, and the needed insight, entrepreneurial will prove to be on the good side.

So how do you start assessing if you are meant to run a business? It is easy. Simply assess your personality. What are your strengths? What are your weaknesses? By recognizing these things that lie within yourself, you will be able to determine the utmost possibilities about your future in the business world. For some pointers, follow these guidelines:

If you are a self-starter, then you most probably have no previous experience in the trade. It means that you will start from scratch. Hence, the development of your supposed to be projects in the coming days and the organization of your time will lie in your own hands. You need therefore to keep track of every single vital detail.

Consider your relationship with people. You will not work by yourself. You need to deal with people. They may be your business partners, your customers, bankers, company staff, consultants, accountants, lawyers, or other vendors in the business market. You need to develop a good rapport. The reputation that you will craft for yourself will be the determining factor for your niche in the market.

Next, how are you when it comes to decision-making? Are you good at it? You must expect that you will be moving in a world that is filled with pressure so your decisions must be rendered quickly, effectively, and independently.

Another thing to consider is your physical well-being. Running a business requires too much of your time. If you are not physically equipped then there is no hope for you. What will happen to you after handling almost 24 hours a day and 7 days a week of work? Do you think you will be able to hang on?

The next pointer to bear in mind is your capacity to organize and carry on with plans. A poorly planned business leads to failures. But then good organization means financial rewards.

How is your drive? Will it be enough for you to be able to handle all those emotional stresses? When you are the business owner, the responsibility solely lies on your shoulder. A good foundation and motivation will always improve your drive to succeed in the business.

Consider also the effect of your being a business owner on the people around you. If you are a family-oriented person, surely you will lack time for them. You must ensure that they will understand you in this aspect. Research studies show that the first few years of the business are the most crucial as the business interferes with personal relationships. Therefore, you must learn how to balance things so that everything will work out just fine.

Moreover, for an entrepreneur to succeed, he must always be persevering and patient. Rushing things will not help. It also goes to mean that the earning of the profit need not be rushed. One must always start things slowly until such time that great opportunities come and knock. There is always the appropriate time to shine.

With Love, Gratitude & Grace

  • Yvonne E. Venter-Louw
  • YEVL (Pty) Ltd.: Founding Director & Principal
  • Researcher, Advisor, Educator, Coach, Mentor, Keynote Speaker & Host of the Financial Independent Coach show on YouTube
  • Personal Thesis: The Psychological impact of past experiences (and the rehabilitation thereof) on daily driven financial decisions.
  • Naturally creating and experiencing Freedom, Meaning & Wealth!
  • For ease of access and to your benefit – we have compiled a list of our templates to assist you with your personal/business accounting -> Click Here
  • For assistance, advice, coaching or mentoring, feel free to contact us directly -> Click Here
  • Sign-up to our mailing list – Click Here

The Fun of Starting a Business (Guest Post)

by: Sintilia Miecevole
So you had that fantastic business idea, the one that’s going to be wildly successful and make you a fortune – even better, you actually did something about it and started your own business. Good for you! Not everyone gets that far. Most people sit and daydream about what they might do if only…

“The world is full of dreamers, there aren’t enough who will move ahead and begin to take concrete steps to actualize their vision” – W. Clement Stone

But you got over the biggest hurdle, that first step and you actually created something.

Well done – you did more than most. Now you have the day-to-day details of running your business so how do you keep going?

There are several things to look at here:

1. What are you good at and what do you enjoy doing? Make two lists – one of the jobs you like and one of the jobs you don’t do very well. Take the second list and have a look at what you might outsource or automate. Do you love doing those accounts or would your time be better spent in forward planning while your accountant does the sums? Must you personally reply to every inquiry or could you create a FAQ that you can post on your website and refer people to by autoresponder? In the early stages of your business, you might find you don’t have the money to pay someone to do the jobs you hate. Could you swap skills to get the help you need?

2. Why are you doing this? You need to be motivated to start a business and keep it going. The best way to do this is to know what the effort is for. What really moves you to get up in the morning and do what you need to do even when you don’t really feel like it? Write your reasons down. Find pictures of that house, or that holiday and put them where you can see them.

3. How do you deal with those bumps in the road? Not everything you do will be perfect – sometimes things you’ve tried will be a disaster – it’s the way you react to problems that matter. If you curl up in a ball and give up at the first sign of failure you’d better not be in business. It’s all about attitude.

4. Have a plan and stick to it as far as possible but be prepared to be flexible and open-minded. Sometimes the most unexpected opportunities come and you need to be ready to seize them. – as Joe Vitale says ‘Money likes speed’.

5. Get a mentor – learn from someone who has done it. Someone to bounce ideas off and who can encourage you when things get tough is invaluable.

And most importantly, never let anyone put you down and never be afraid of failure:

“It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who at the best, knows, in the end, the triumph of high achievement; and who, at worst, if he fails at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat” – Theodore Roosevelt.

Don’t ever forget that!

About the author:
Check out your host, Sintilia Miecevole, and enjoy the wealth of information from careers, salaries, auditing, CPAs, consulting, and taxes to resumes, forensic accounting, and more.
  • For ease of access and to your benefit – we have compiled a list of our templates to assist you with your personal/business accounting -> Click Here
  • For assistance, advice, coaching or mentoring, feel free to contact us directly -> Click Here
  • Sign-up to our mailing list – Click Here

Financial Independence Coach show: Ep 3 Q & A

Welcome to episode 3 – Questions & Answers submitted

….

Here are some of the questions that have been submitted to our Facebook page – which I answered on the show

How do you establish your natural ability and nature?

  • Dr John F. Demartini: Value Determination
  • Tony Robbins:

I do not know where my cash flow has gone?

  • Free cloud-based accounting: http://www.waveapps.com ( Personal & Businesses – Note it does not allow payroll for South Africa)
  • I personally have experience Identity-theft twice in my life … thus I do not link my bank accounts to any other account or apps.

How do you build a system for a small business?

  • Free Templates
  • From feeling like a Zero to being a Hero
  • Writing you 1st employee handbook
  • SME handbook
  • Workable Templates -> email request to admin@yevl.co.za

What you do when you feel redundant in your own business?

  • Simon Sinek – Start with Why
  • YEVL Template – My Life Goal, Vision, Mission and Purpose

How do you build wealth through a small business? MLM – Multi-Level Marketing

  • Robert T. Kiyosaki with Sharon L. Lechter (C.P.A) – The Business School For People Who Like Helping People
  • Examples: Avon / Herbal Life / Amway / Forever Living Products / Honey / This is just to name a few…

Want your questions answered by myself or one of our esteemed guest -> contact us directly

Until our next show, my peace and prosperity be with you (Shalom)

With Grace & Gratitude,

Author:

Yvonne E. Venter – Louw

  • YEVL (Pty) Ltd. – Principal & Director
  • Researcher, Advisor, Educator, Coach, Mentor, Keynote Speaker
  • Host – Financial Independence Coach show (YouTube)
  • Personal Thesis: The Psychological impact of past experiences (and rehabilitation thereof) on daily driven financial decisions
  • Naturally creating Freedom, Meaning & Wealth!

P.S.: Are you interested to find out more about the “Why, What, Where, When and How…” uncovered and discovered in the process of writng the abovementioned thesis? Sign up for our direct mailing list -> CLICK HERE

S.A. Quote: Decisions

“To make decisions without thought is like participating in a steeplechase with bandaged eyes.”

Jack Penn (Surgeon, Philosopher, Artist)

Would it surprise you to know that approximately only 3% of the global population do actually do proper planning? Making decisions without thinking about it properly.  Impulsive and uncalculated decisions. Almost just living on instinct…

I do not just mean financial planning, but life planning in general…

Disagree? Okay, let me ask you the following questions:

  1. Do you have a goal, vision, mission, purpose for your life written down? A legacy you wish to leave behind? A dream life you want to achieve?
  2. Do you have a clearly written out list of top three (3) goals for the next 369 days? Not just in the form of business planning but personal planning.
  3. Do you have a clearly written out plan/strategy to achieve these goals within the next 369 days?
  4.  Have you done any research, recording of data, data tracking and analysis in accordance with the goals you want to achieve?
  5. Have you reflected and improved on previously gathered data to realistically plan or strategies your next week, month, quarter or year?
  6. Have you spent time inwardly reflecting on your choices, experiences, lessons learned and the reasons why it could have been prevented?

And with these questions, I am not referring to your list of new years resolutions that fell by the wayside somewhere between then and now…

I am talking about goals which are congruent to your true authentic natural self,  true to your values, true to your talents and skills…?

Would it surprise you to know that only the top 3% for Financial Independent Individuals that have perfected this to an art… only because they invested in themselves by working with coaches and mentors – following a basic outline formula?

Interested in more information, view our Products, Services and Free Resources.

Alternatively, if and only if you are ready to be unschooled, have an open mind and are willing to start your process of discovery and achievement of your own determined success … start here

Author:

Yvonne E. Venter-Louw

YEVL (Pty) Ltd. Director & Principal

Researcher, Advisor, Educator, Coach, Mentor and Speaker

– The Psychological impact  and rehabilitation of past experiences on daily driven Financial decisions

[Cert. Financial Planning + GIBS MLOLP  + RE5 + Cert. Financial Coaching + Dip. Psychology + Hypnosis + NLP + Subliminal Therapy + Numerology + Energy Healing]

Naturally creating Freedom, Meaning & Wealth!

 

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