Are You Really An Entrepreneur? Your Aspirations Will Tell You

Last night I got lucky. No, it’s not what you think (remember I am happily married) – here’s what happened- I was in San Francisco yesterday preparing for my upcoming client seminar Feb 10+11.

Anyway, I took the red-eye flight from San Francisco to Atlanta cause I am speaking this weekend at Jim Edwards’ seminar here in Atlanta.

Well, I am not much for sleeping on planes – it’s actually one of the best places for me to get work done because I am strapped in and the only other alternative to sitting and working is going to the bathroom.

Back to how I got lucky.

The person sitting next to me was a successful entrepreneur whose name you’d recognize if you read even half the number of business books I do. So I introduced myself, and to my surprise he actually knew my name and had read the manifesto. (Apparently it’s been passed around in a lot of circles outside of internet marketing which is why we still have over 100 people a day opting in to get a copy!)

We passionately shared our insights about small business, big business and where an entrepreneur fits into the process. We agreed on many things – but there was one especially important point he told me about, that he’d figured out after his second success, which I didn’t realize it until my third success.

That’s what I want to share with you today.

He said he knew he was really an entrepreneur when he started his second business – when his aspirations were to one day be the Senior Vice President in charge of acquisitions. When I pressed him to clarify what he meant – he told me that all the excitement for him comes during the startup phase and that he hates having to create all the structures and processes needed to build and grow the business. So, by his second business he decided he wouldn’t do that all himself and instead he would get the business going and then bring in the right CEO, President, and people to work it — until the business grew so successful that he only served one small role in the company — the one that was once just an idea in his head to head up acquisitions.

I was struck by how similar our experiences were because I had a similar shift when I started Strategic Profits. I knew my current role, in the content creation side and coaching successful entrepreneurs, was what I wanted to do the most and that the day to day operations, marketing, etc., would be handled by my superstar team. And it’s happened…

If you are a real entrepreneur this should sound very appealing to you. You get to do more of what you want as you build and grow. Plus, as my company continues to grow and I see our profits climbing, I also notice that my calendar is getting lighter and lighter. The company that my ideas gave birth to is now grown up enough to take care of itself without me shouldering the bulk of the day to day load – actually it has already started to take care of me.

And this gives me tremendous freedom. Which is the whole reason I am entrepreneur in the first place – to create and be free.

Zero G
Two weeks ago I was reminded of how important freedom and fun are to me. Yanik Silver, Mike Filsaime, and yours truly went on a special flight called a Zero-G flight. It’s an incredible experience where you get to feel true weightlessness.

After the experience, Mike Filsaime and I were talking about how much fun we had and how important it is to make time for fun. We also promised each other we would make sure to plan a few extra fun experiences for 2007.

Think for a second. When was the last time you really had fun? Not just a giggle, but when you had a big stupid smile stretched across your face and you were laughing and feeling like you did when you were just a kid playing?

If it’s been over a month – then you’ve got to ask yourself: Why am I working so hard? What position do I aspire to have in my company? And what could I put on my ‘to do’ list that would be incredibly fun?

I’ve got more to share with you about what I was doing in San Francisco and the plane ride but I’ve got to run right now. Check back on Monday.

To Higher Profits

8 thoughts on “Are You Really An Entrepreneur? Your Aspirations Will Tell You”

  1. Hi Rich,

    I met you at the WORLD INTERNET SUMMIT in Las Vegas last September (2006) and I\’ve been following your advice and found that my online presence and success rates are increasing since then.

    I\’ve put \”Zero G\” on my calendar for 2008!

    It\’s amazing how much you care for the people you \”serve\” by giving extreme value to them whether they are on your coaching programs or not. I choose to follow that model because I too gained so much business \”how-to\” knowledge from you. I am now passing that on to others.

    To Your Success and the Success of All Those You Know!

    William Sinclair

  2. You know it’s easy to hire good business managers but really good entrepreneurs are rare – and often they don’t make very good business managers.

    The swashbuckling, fast adapting, fly by the seat of your pants and stay in the creative phase style so effective in entrepreneurship is pretty much opposite to the most effective business management style.

    But Rich, you hit the nail on the head when you talk about hiring managers for your business so you can stay in the creative entrepreneur role.

    If you look at it from a pure numbers perspective entrepreneurs usually create the most wealth – often they’re creating businesses and income from thin air.

    If you’ve got entrepreneurial blood you’d be crazy to try to turn yourself into a business manager.

    Kindest regards,
    Andrew Cavanagh

  3. Oppps – let’s try this again (I left a comment to the wrong posting before).
    OK Рnot fair. Read your blog post about sitting next to a successful entrepreneur…but you never mentioned his name. I am dying to know, so please spill the beans. Thanks.

  4. Edward: Another MLM is the last thing the internet needs. Please revisit you relationships with Rexall, Automatic Builder, etc. and figure something else out.

    Rich: It is a rare entrepreneur that can allow another to manage his business, even when he thinkis this is what he wants. Unwitting potential CEOs should be wary of such arrangements as well.

  5. Hey Rich, thanks for sharing. You have a great way of igniting passion without the drama. I say why not have fun all the time…just live it up! Why would anyone who cares about their business even consider being a manager, that’s crazy talk.

    Best Regards

  6. Hi Rich,

    I just got your two tapes as the bonus from Jim Edwards’ MiniWebsites teleconference and purchase. I have listened and am now doing the first of my 200 miniwebsites.
    I got what you said about delegating the jobs to others within your office or home so you can continue the creation/idea development. I want and need that type of help NOW. However, I must first crawl, which I am doing now, so I can understand what the other person will be doing when I turn it over to them.
    I am finding this very challenging and exciting. I loved what you said about the entrepreneur and you on the airplane. Yet, we all have to start someplace. I definitely have found out I am a slow learner in this arena. I learn and duplicate in other fields. This internet website building has been a challange.
    I even bought the Simple Money Machines only to find that I still must develop miniwebsites within that program also. So I am doing just that. I like the creation and the ability to work with the affiliates and use some of their ideas and suggestions. I am developing a site for Joshua Shafran’s $500 set up in 30 days because that is where I have to start. I am using Jim Edwards’ program to do that.
    This development on the Internet is a coordination and integration of numerous programs and ideas to come out with your online business. I am not inventing a new product, just using affiliate programs so they are in my words (to avoid the duplication problem of Google search engines) and have my own site. I want this to work. I have other projects that are waiting for the increase in income so I can finish some financial situations and develop real estate projects.
    I actually have 3 people coming to dinner with me on February 10 to celebrate my getting traffic and income on my first really new website that actually works. I want this cookie cutter program to work effortlessly for myself and others. I loved your layout of using 6 interrelated products to drive more traffic to all of your lists. It really makes sense.
    Keep up the great work. I loved the Manifesto and knew I was not ready for it at that time. I will by the end of the year as my goal is to have 200 websites up and earning $500/week on an average. I still have to learn the numbering system and that will come once I start getting numbers to deal with on each site.

    Thanks, Patricia

  7. You hit the nail on the head Rich in regards to starting a business. Team building is one of our main focuses this year with our company. Your books and talks have helped me to stay focused on achieving our goals and expanding my vision.

    Jeremy Gislason

  8. You are truly a motivational coach.

    I liked the manifesto and I have also watched the video presentation.

    I totally agree that task sourcing is important the only problem I have is how can this be achieved on a thin air budget. Most newbie’s are buying knowledge in the beginning with the intention of utilizing that knowledge in the field. They have limited funds.

    Therefore, most have no option but to do most of the donkey work themselves until income allows to source out the hard work.

    Thanks for your advice, Mark


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