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The Rules of an Entrepreneur

25. February 2009 03:48 by Scott in   //  Tags: , ,   //   Comments (18)

You know, I have always wondered like every other entrepreneur what makes some people just so successful and others not successful.  I wrote a blog post a while back on one of my other blogs, I thought I would move over to this one because well it was just so damn popular.  In working with my startup or just one of my start up ideas at DrinkingFor I have to live by the rules stated in that post in which I also found them at GoDaddy in which Bob Parsons is the original author.  I am not trying to take his stage, but rather spread the ideas. Make them known to more people in more places in more types of crowds.  He wrote some 16 rules to live by and I just wanted to express them to the technical crowd that reads this blog.

A vast many of these can be used in an entrepreneur type environment and I feel thats where I am moving more and more every day. So to be as powerful and rich as Parsons, I will start by living by what he says are rules to live by.

1. Get and stay out of your comfort zone.
I believe that not much happens of any significance when we're in our comfort zone. I hear people say, "But I'm concerned about security." My response to that is simple: "Security is for cadavers."

2. Never give up.
Almost nothing works the first time it's attempted. Just because what you're doing does not seem to be working, doesn't mean it won't work. It just means that it might not work the way you're doing it. If it was easy, everyone would be doing it, and you wouldn't have an opportunity.

3. When you’re ready to quit, you’re closer than you think.
There's an old Chinese saying that I just love, and I believe it is so true. It goes like this: "The temptation to quit will be greatest just before you are about to succeed."

4. With regard to whatever worries you, not only accept the worst thing that could happen, but make it a point to quantify what the worst thing could be.
Very seldom will the worst consequence be anywhere near as bad as a cloud of "undefined consequences." My father would tell me early on, when I was struggling and losing my shirt trying to get Parsons Technology going, "Well, Robert, if it doesn't work, they can't eat you."

5. Focus on what you want to have happen.
Remember that old saying, "As you think, so shall you be."

6. Take things a day at a time.
No matter how difficult your situation is, you can get through it if you don't look too far into the future, and focus on the present moment. You can get through anything one day at a time.

7. Always be moving forward.
Never stop investing. Never stop improving. Never stop doing something new. The moment you stop improving your organization, it starts to die. Make it your goal to be better each and every day, in some small way. Remember the Japanese concept of Kaizen. Small daily improvements eventually result in huge advantages.

Photo by _nickd


8. Be quick to decide.
Remember what General George S. Patton said: "A good plan violently executed today is far and away better than a perfect plan tomorrow."

9. Measure everything of significance.
I swear this is true. Anything that is measured and watched, improves.

10. Anything that is not managed will deteriorate.
If you want to uncover problems you don't know about, take a few moments and look closely at the areas you haven't examined for a while. I guarantee you problems will be there.

11. Pay attention to your competitors, but pay more attention to what you’re doing.
When you look at your competitors, remember that everything looks perfect at a distance. Even the planet Earth, if you get far enough into space, looks like a peaceful place.

12. Never let anybody push you around.
In our society, with our laws and even playing field, you have just as much right to what you're doing as anyone else, provided that what you're doing is legal.  If the law is unfair to you and others, you should do everything in your power to see that doesn't happen anymore going along with not allowing anyone to push you around. Imagine if Rosa Parks would have obeyed the laws! [Thanks Katrina]

13. Never expect life to be fair.
Life isn't fair. You make your own breaks. You'll be doing good if the only meaning fair has to you, is something that you pay when you get on a bus (i.e., fare).

14. Solve your own problems.
You'll find that by coming up with your own solutions, you'll develop a competitive edge. Masura Ibuka, the co-founder of SONY, said it best: "You never succeed in technology, business, or anything by following the others." There's also an old Asian saying that I remind myself of frequently. It goes like this: "A wise man keeps his own counsel."

15. Don’t take yourself too seriously.
Lighten up. Often, at least half of what we accomplish is due to luck. None of us are in control as much as we like to think we are.

16. There’s always a reason to smile.
Find it. After all, you're really lucky just to be alive. Life is short. More and more, I agree with my little brother. He always reminds me: “We’re not here for a long time, we’re here for a good time!”


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Comments (18) -

Peter Cooper
Peter Cooper
2/25/2009 8:23:05 AM #

The most important rule? Always be selling. Always be finding out if people want to use or buy whatever you're developing. If they don't, do something else.

2/25/2009 8:31:07 AM #

Completely agree with you Cooper. Always be selling and if you can't then move on to something else.

Eric the Red
Eric the Red
2/25/2009 11:01:14 AM #

And remember, life is not a zero-sum game.

2/25/2009 11:09:30 AM #

@Eric the red

Honestly, what does quote truly mean?  Maybe its one of those quotes that could mean just about anything.

2/25/2009 11:27:42 PM #

Well said, particularly the last point.

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Meeting rooms edinburgh
3/9/2009 9:39:36 AM #

Always keep your guts to business. My rule #1

greg tidwell
greg tidwell
3/27/2009 2:51:00 AM #

@scott, I think eric the red was emphasizing the importance of cooperation.

Everybody can win.

3/27/2009 6:21:47 AM #


Thanks Greg for clearing that up.

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