I really enjoy talking about business and what great ideas are out there. I never knew that I would go down the path of entrepreneurship, and frankly I’m so excited that I did. So today, I want to just talk about starting my own business, and share some things that I have read online about it. They say that starting your own business in this day and age, is easy because of the internet. The internet of course allows new businesses reach not just thousands but millions of people. Although the internet is a great channel to grow ones business, you still need a great product or service.
I love watching “Shark Tank”, the entrepreneur TV show, because it’s very entertaining and so educational. What I have learned on this show that it is not all about just coming up with a good idea or great product. There has to be a demand for the idea you come up with. The service or product must be a solution to a problem, if not then……well, you become a millionaire from what you created. Every time I watch this show, and I see a great idea, I say to myself “Shoot why didn’t I come up with that idea!”
At the end of the day I know that there is the right business for me. In my research on starting my own business, the number one advice is to make sure that my business has repeat buying. If I want a longterm business, then it is crucial that I have a product or service that will have the demand for customers to continue to buy. One of my close friends, always thought of running his own business. Although he tried every MLM and network marketing business, he noticed that he failed on this must have, which is repeat business. Aside from all the convincing and marketing he had to do, he just didn’t have repeat business, which then resulted in him failing. Now I’m not saying you can’t make money with MLM’s or Network Marketing, but it just not for everyone. Forwarding time, my friend, left network marketing, and became a great roofing contractor. He decided to start his own roofing company and has been doing very well for himself.
Hope you enjoyed the first 3 steps to success from Michael Jordan. Here is a recap of the first three steps.
- Keep Working Hard: Basically without hard work, you will not reach success.
- Ignite the Fire: Discover what is will ignite the fire, to push you to move forward no matter what.
- Be Different: Use others success to motivate you, but to create your success in your own, unique way.
Okay….So now that you got refreshed on the first three tips, let’s dive in on what else Michael has to say.
#4 Fail Your Way To Success
MJ missed 9,000 basketball shots in his career. He lost 300 gams, and 26 times been trusted to take a game winning shot, but missed. There is no success without failure, and the greatest basketball player of all times failed many times. Michael’s tip here is a great eye opener when we think that we will not make it, when things don’t go our way. Anyone in the entrepreneur journey, like myself, needs to completely understand this concept.
As I mentioned before, this blog will be about my entrepreneurship journey and what I’m learning on the way. I hope this can teach and inspire you, to take action and follow your dream. One thing I learned is that knowledge is power, and the more I learn about success, the more I will attract it. My goal is to read a minimum of 40 books this year and so far I read 3 (I think I need to speed it up…lol).
Reading books about success and watching videos have benefitted me so far. Today I want to share with you about Michael Jordan’s ideas and tips about success. Now we all know that he is a legend in basketball, and is net worth over $1 billion. Amazing! We see all of his success, but I discovered that he failed plenty before he reached huge success. Here is 3 out of 10 tips he mentions about success:
#1. Keep Working Hard
Michael Jordan was the first one at batting practice, early in the morning. At the same time, he was the last to leave. He was dedicated to train hard, because he wasn’t so good at baseball. I apply this to my journey of reaching success. This taught me that if I want to be the best at something, that I need to work hard to get there. That included of hours of perfecting my crafts, and understanding that the more time I put into it, the better I will be. If you want to be successful, you must continuously work hard.