Wednesday, September 5, 2012
What makes successful entrepreneurs famous?
The common factor for successful entrepreneurs
Famous successful entrepreneurs like Ann Sieg of The Renegade Network Marketer, Mary Kay Ash of Mary Kay Cosmetics, Mike Dillard of Magnetic Sponsoring, and my father, Wallace March who founded IDC, the first international drilling company, all had a particular thing in common. They all started with nothing.
Ann Sieg was a frustrated network marketer going nowhere fast in a long series of MLMs. Mary Kay Ash was a single mother of three working days in a man's world, continues to lose out on promotions to men that she had trained. Mike Dillard was waiting tables. My father was an accountant.
Of course, all put in countless hours and talent to develop their activities. But what was it that kept them going in those early years that have enabled them to overcome adversity and build business empires? All had the mentality of the entrepreneur.
If you have ever attended a motivational meeting, you've probably heard phrases such as "believe to achieve" or "to establish why," as if this kind of magical thinking will have an effect on your ability to succeed.
Guess what? He does!
The self-fulfilling prophecy
What you believe about yourself can be set for the success or failure. If you imagine yourself as unprepared, ill-equipped or unable to do something, you unconsciously set yourself up for self sabotage. A student who announces: "I am not good at math" will probably have problems in math class. We call this "The self-fulfilling prophecy."
During my long career as an educator I have worked with a wide variety of people who study the way in which to learn. While working at the USC School of Medicine, I helped the search for effective programs of continuing education for physicians. I worked with adults who could not read. I was part of the pilot program for examining knowledge of the school district in California. I assisted in teaching introductory courses at Pepperdine University, and taught high school to preschoolers.
The biggest obstacle to overcome in all these scenarios, the belief was that the task could not be done.
Sometimes this is called self-sabotage inelegant "'Thinkin' smelly '.
'Thinkin' Stinkin Set to the first years of life
This lack of confidence often arises at an early age. A huge percentage of our psychological personality is formed in preschool. As you learn to see the successes and failures, how young people can have a profound effect on how the challenges later in life.
When in a preschool class, I would frequently make a deliberate error, pour the juice for example. Then he would exclaim, "Oh, look what I did! I poured the juice! Oh well, I do not know if I'm not willing to make mistakes!" Then I safely clean my mess and move forward.
If you are a parent of a child, this lesson is crucial to their future success. They must internalize the concept that the wrong answers are just stepping stones to right ones. Fear of making mistakes, or ridiculous, can be overcome when the child understands that the act of taking action is what is important. Give your child the gift of understanding on a daily basis.
Famous successful entrepreneurs will say things like "you can not forward", in other words, in the absence is only a step towards success. This belief system is what allows them to move beyond disappointments.
How does it affect your mindset Others See You
When I was in seventh grade, I attended the Westlake School for Girls. I had several placement exams to be accepted into the school. Due to a clerical error of some kind, even though I had experienced as a "talent" in all the tests it was put on the track "C", which was for children who had what was then described as "slow".
As I sat, day after day staring at the same page in my French book, my mind wandered. The teacher would ask a question I would have no clue what he had spoken. He eagerly told me to try to stay focused and I felt dumber and dumber. I remember thinking to myself: "I used to be smart. I wonder what happened." At the first grading period of time at the end, I was failing all my classes.
My parents came in and met with each of my teachers one by one. First up was my French teacher. She gently tried to explain to my parents that some children simply do not have the ability to learn another language as evidenced by my inability to concentrate in class. My father asked if he had never spoken to me in French and she replied that the class was no where near ready to groped real conversational French.
"Make her a question in French," my father urged. So the teacher reluctantly asked me what I had done the night before. I still remember his facial expression as I have to speak loudly of the television series I had seen and how my roommate at school was in trouble for not doing the laundry. You see, I was fluent in French. But he did not know that the teacher because she believed I was incapable of learning a language. And despite my command of French and Italian, I came to see myself as incapable, as well!
This is the power of our minds. We will live the experience that we imagine for ourselves. Just as I was convinced in a very short period of time that I had somehow lost my ability to learn, things can be turned away as well. Lead a student of any age to believe in their ability to achieve, and they will get! Encourage creative thinking, given the failure as part of this adventure on the road to success and you have probably fostered the mindset of an entrepreneur successful future!
And with its head He Went Back Galumphing
This line from Lewis Carroll's Jabberwocky was encrypted in the telegram sent my father to my mother when she closed the deal that was the beginning of IDC.
Even with a scholarship, my father could not attend college, not only because he could not afford the textbooks, but because he could not attend school and support his parents and four brothers, at the same time. Through high school, she wore the same checkered slacks every day that all his comrades knew had been given to charity from a rich community of students. His family spent a summer eating nothing but potatoes and his brother literally died of starvation in his arms.
But he had a vision. Working as a bookkeeper for Drilling and Exploration Company in the U.S., saw the need for international relations in the world oil drilling. He was instrumental in helping to heal the strained relationship between the U.S. and Japan, when Japan had to fight an oil rig fire that threatened to burn its oil resources. My father convinced two Americans, world renowned as the best in the industry for putting out oil rig fires to offer their help. Fifty years later, there are still news clips shown on this historic event and the role my father played in it.
Pretty good for a small town boy from Guthrie, Oklahoma.
How to Develop the Mindset of successful entrepreneurs
You lack confidence in themselves need to make your business a success? Are you overwhelmed with all the training materials, tax laws, internet strategies, marketing materials to be burned? And 'you can not go after what you want?
The first thing to do is act. You can refine your goals and strategies as you go, but you have to take their first steps. Devise a plan for themselves as to what you want to accomplish. Then start one step at a time to put the plan into motion. Educate yourself. Keep your goals in front of you all the time. If you're willing to do the job, learning from people who have been successful, and lay a solid foundation for your business, you can succeed.
See it. Believe it. Achieve it. It is not only trite rah-rah. And 'harnessing the power of the human mind is limitless .......
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