www.1001TopWords.com |
Curb Your Enthusiasm
Isn't enthusiasm a good thing? Aren't we urged to be enthusiasticabout what we do? To be committed? We are...but enthusiasm has a dark side too. When the word first came into the English language (from Ancient Greek, via French) it had a far more extreme meaning. It meant to be possessed or inspired by a supernatural force and was used to describe the extreme religious sects that grew up with the Reformation in Europe. Enthusiast was a term of abuse, like fanatic or extremist today. It took more than two centuries for the word to acquire the modern sense of eager or motivated. Don't Get Carried Away It's this original aspect of enthusiasm that needs watching. There's an irrational aspect to it: a sense that emotions have taken over and the mind is on hold. The dark side of enthusiasm is its ability to overwhelm caution in a flood of eagerness. When that happens, you're swept along on the current of your excitement, blind to anything that might suggest you're on the wrong track. Worst of all, enthusiasm blocks your ears. You won't hear the warning signs that your audience isn't with you. All First Attempts Are Prototypes Very, very few entrepreneurs get it right first time. The usual pattern is a long series of rejections, leading up to a breakthrough. Those rejections are necessary. Think of each one as a prototype of your final product. You put it together, show it to some important people and they tell you what they think. With each rejection, you get feedback to improve your idea, until the final version is reached. If you'd gone to market with the first, it would likely have flopped anyway. Only the final version is good enough to fly. So, if enthusiasm has blocked your ears, you'll miss the feedback. What you'll take to market is still Version 1.0 -- the one that wasn't good enough. Talking To The "Big Dogs" At some stage in putting your new business together, you'll have to sell the idea to some important people -- maybe investors or potential partners or others with the power to give you push forward or hold you back. How do you make sure these "Big Dogs" will support you? You don't do it by rushing in full of enthusiasm and nothing else. Pick Your Time And Place You get carried away by enthusiasm for a new idea. You tell your friends, but they don't seem enthralled. You're bursting to get the idea off the ground, so you rush around trying to win the support you need. Maybe your idea really is a good one underneath, but if you continue like this, all you'll get is rejection and frustration. Present What's In It For Them The people whose support you need are busy -- very busy. They don't have time to deal with anything they don't immediately find interesting. Certainly not with someone whose natural enthusiam has blinded them to clear defects or gaps in their proposition. Besides, like all of us, they're mainly interested in what's in it for them. Unless they see the benefits to them right away, they'll think you're wasting their time. Enthusiasm can be contagious. But it can also make you so carried away by the benefits for yourself you don't stop to think what's in it for the people you want to win over. Stay In Control and Pick Your Time Carefully Curb your enthusiasm. Don't stop it or ignore it, just get it under control. Don't allow yourself to be carried away by all that emotion, even though it's positive. Stop. Think. Plan and have patience. Pick Your Time. If it's truly a good idea, it deserves to be presented how and when it has the best chance of success. If you rush off after a business idea that isn't properly thought through, it does very bad things to your credibility. Damage done there may have to be paid for far into the future. Get To The Point -- Fast! Big Dogs have virtually no patience. They're pressured every moment by people with grand ideas, people who want their support, and many who want their cash. They have no time to approach a idea in a roundabout way. If you don't show them, right away, precisely what your idea is, why it's a good one and what they'll get out of it -- preferably in less than 100 words -- you've lost them. Enthusiasts never feel they've explained an idea adequately. They go over and over it, adding little refinements and wandering off on fascinating diversions. They never use 100 words where 1,000 -- or maybe 10,000 -- are possible. Make Your Best Points -- Then Shut Up! Enthusiasm is like fire: a good servant but a bad master. Only if you remember to keep it within proper bounds, will it light up your listeners and bring them over into your side. It's so tempting to keep working away at an unresponsive audience. Surely the next point will win them over. Or the next. Think like a stand-up comic. If you haven't got your audience in the first minute or so, you never will. Further effort is digging in the bottom of a hole. So make your best points, then keep quiet and listen. See how things are going. Respond to objections or questions. The time for enthusiasm is when your audience is already on your side. If they're not, get off the stage as fast as you can and keep the credibility to come back another time. If you don't, you'll convince them nothing you can ever say in future will be worth hearing either. All entrepreneurs need enthusiasm. It's the fuel that keeps you going. Just treat it like gas: A great thing to have in your personal tank, but not something you want to spray over everyone you meet -- especially if they may be smoking a big cigar. Adrian W. Savage writes for people who want help with the daily dilemmas they face at work. He has contributed more than 25 articles to leading British and American publications and has been featured in The New York Times, The Wall Street Journal, USA Today and The Chicago Tribune. You can find his blog on ethics, diversity and living life to the full at http://www.adriansavage.com.
|
RELATED ARTICLES
Create Your Entrepreneur Dream Team I hear it all the time. "What should I do about . . .?" As a business owner you're faced with the daunting task of making all the decisions that affect your business. Should I remain a sole proprietor, become an LLC or is an S Corp better? Should I start using an electronic PDA or stick with my trusty, but out-dated, Day Runner? In what direction should I take my marketing? Is the color right on this logo? PC or Mac? Paper or plastic? Aargh! Big decisions. Little decisions. It can be overwhelming, especially when you consider how each decision has a bearing on the success of your business. Why Most CEOs & Entrepreneurs Fail? Times are tough. The economy is in a constant state ofupheaval. Is your company doing better than most? Are youplacing greater emphasis on pure performance? What Makes An Entrepreneur Tick? It is only natural that when you start a business, you are doing something different than most people. They not only will look at you because you stick out like a sore thumb _ but human nature will cause people to naturally ridicule what you are doing. They will tell you all types of things like: "You're not business material." "You can't make a living working for yourself." "You'll fail because nobody can ever make any money that way." The Use of Common Stock in Venture Capital Transactions When raising capital for a business venture, a company can either raise debt capital, equity capital or a combination of the two. Debt capital is money loaned to the company at an agreed interest rate for a fixed time period. Conversely, equity capital is money invested by owners (shareholders) for use in business operations that need not be repaid. Combinations include convertible securities which may be debt that can be converted into equity at some point in the future. How To Start a New Business While it is tempting to just leap into a new business because of it's exciting possibilities, a few key planning points will vastly increase your chances of success. These steps aren't difficult, but they're easy to skip. Many businesses ultimately depend on a slim profit margin, so planning can really help the process. Too many restaurant patrons, for instance, assume that running a restaurant seems fun because of the many restaurants they have visited, but restaurants have an especially high failure rate. The 7 Major Reasons Businesses Fail and How to Overcome Them This year, over 800,000 of the approximately 2,000,000 start up businesses will fail! ... in Pursuing the American Dream This morning I woke up at 4:30 in the morning, as usual, poured myself a cup of coffee, as usual, and thought about what my son said to me yesterday evening. You see, he's 2 1/2 years old and talking quite well, for his age. When I came home from working all day I was greeted with the always joyous "daddy's home, daddy's home" but today, this greeting was followed by "daddy no you go to work!". It's amazing what a 2 year old can know and understand. From Entrepreneur to Infopreneur: Make Money Selling Info Products The term "Infopreneur" is a relatively new industry buzz word that is making waves because it opens doors for entrepreneurs to generate new streams of income. Simply put, an infopreneur sells information. An Entrepreneurs Biggest Cost When launching a new product or company, an entrepreneur must consider their biggest cost - the opportunity cost. Opportunity cost is an economic term that is defined as the cost of passing up the next best alternative when making a decision. For instance, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose for which the asset could have been used. In the entrepreneur's case, this asset typically includes the entrepreneur's time and money. Achievements Outweigh Education and Experience Q: When it comes to succeeding in business, which do you think is more important: education or experience?-- Regina M. Will Your Business Survive Without You? I had a health scare in December. Boundary Setting 101 for Solo Entrepreneurs Select the best response to the statement below: Raising Entrepreneurs: What to Do When Your Kid is Born to Think Differently Adolescence brings with it many challenges ? for both parents and kids. Young people, still new to the world, are embarking on a journey to discover their passions, joys, and authentic self-images. More often than not, however, their journey more closely resembles an elongated stampede of enraged elephants than it does an innocent soul-searching endeavor. But no one said growing up would be easy. Business Development: The Basic Ingredients Cooking isn't much different than building a business. You have the basic ingredients all laid out on the counter and if you put them together in the right way - you have a nice meal to nourish your heart, body, and soul - and the pocket too. With a little creativity, it even comes out looking pretty too. Corporate Espionage in Franchising Franchising Trade Journals do not do well, because today with all the industry regulations only about 1800 active franchise actually exist in the US. Down sharply over the past five years. Why? Over-regulation. Now you have a Bank Cooperative, which owns a company that collect data, FranData of Uniform Franchise Offering Circulars, which are the industries required disclosure documents to new franchise buyers. The company sells it to attorneys and to competitors of which many probably are financed through that bank. My God can this be real. Then they work with industry Trade Journals to do Top 50 franchises lists, but to be qualified to be reviewed they of course wish to see your UFOC; Uniform Franchise Offering Circular. Vendor Relations Communication is the key to vendor relations. In your small business, you will be in need of many products and services. Unfortunately, not every company that provides these products and services will have their act together as much as you do. You, as a small businessperson, were able to carefully study each purchase because it was your money. You knew exactly when, where, how and at what price you were willing to partake in those purchases. Not all vendors you deal with will have such savvy folks working for them. For Business SUCCESS... Listen To The Voices of Experience Discover the pitfalls of owning your own business BEFORE... [you make a BAD choice!] Ancient Warrior Secrets For The Modern Entrepreneur The words you see onscreen trigger subconscious responses. Dark images penetrate your mind. Your heartbeat increases slightly. Your muscles tighten. Like a warrior advancing to combat, you prepare to engage with your market. Ready, aim, fire. You send an email! Everyday, military metaphors are projected across our computer screens. Guerrilla marketing. Market penetration. Global domination. Competitive intelligence and more. How do you approach your marketing, your business? At the end of the day, do you feel like you have been in battle? Suffering battle fatigue. Success Secret - How To Find Million Dollar Opportunities They're really are powerful million dollar opportunites everywhere. Why Every Student Should Start a Business With the economic downturn, students in all the major business schools have been dropping out of their entrepreneurship classes and transferring back to classes where they think they have a secure future. Students and professionals who were once planning to start businesses now have decided to go back to their cushy jobs. Everything is going back to normal. Or at least that is how it looks. Below are nine reasons why any student should start a business:You gain experience. Owning and running your own business is an incredible way to gain experience and credentials regardless of whether you decide to stay in business once you graduate. Jaime Gonzalez of Oklahoma State University received the highest job offer in his entire graduating class. Now, there are two kickers: First, he was the founder of an IT consulting company, and second, he had a 2.4 GPA. Hmmm...I wonder if starting a business helps in getting a better job when you graduate? You have nothing to lose. I think it's safe to say that most students dip into their parents' checkbook when it comes time to pay the bills. In general, students aren't paying child support, rent, utilities and many other expenses. The worst thing that could happen if your business fails is that you get a job, have an incredible credential on your resume, and have experience that will increase your chances of success in the future. The best thing that can happen is that you'll become the next Microsoft. I don't know about you, but I think that is better than choosing between no job and jobs that you're in just for the money. Two-thirds of millionaires are entrepreneurs, according to Thomas Stanley and William Dank, authors of The Millionaire Mind. If it's the money you want, then consider entrepreneurship. You receive not only a salary, but also a lot of money if you're lucky enough to sell your company or take it public. Michael Furdyk, a successful young entrepreneur, was able to sell his business, MyDesktop.com, for $1 million when he was 16 years old! You develop networking skills. You've likely heard that your network increases your net worth. Consider the fact that by running a business and constantly being in a business community, you will develop excellent contacts. If you choose to get a job after you graduate, you will have a great pool of people who will be more than happy to hire you or send your resume to somebody who wants to. You increase your value. Put simply, starting a business in college increases the value of "the brand called you" and gives you more options. For example, an entrepreneur with a large brand value can publish a book, star in a documentary movie (i.e., Startup.com), or go straight to the top of another company. I recently met one of the founders of Diversity Planet, a job site for minorities. He spent a year working very hard on the company and has since left to take a reporting job with Dateline NBC at the ripe age of 20! People don't often don't get an opportunity like that until they are much older. Operating a profitable business in the long term is less risky than being an employee in the long term. For example, just look at the recent economic downturn. Tens of thousands of people have been laid off. I can guarantee the owners of profitable businesses are still with the business. They will be the last people to go down with a ship. Business owners can have multiple streams of incomes from different customers. If you're an employee, you only have one stream of income and therefore are bearing more risk. You will learn more about yourself and what they don't teach or prepare you for in school. Furthermore, entrepreneurship is the combination of all the disciplines of business. It includes knowledge of marketing, accounting, management and operations. Already having knowledge of these topics before you take classes on them allows you to see more clearly how everything applies. Also, you will be able to learn early-on what subjects you like so you can make better decisions on what to major in and what industries to target. It is yours. You make the rules, create your own hours, work from wherever you want and choose who you want to work with. You can also pick what interests you the most in the world and then start a business that is related to that topic in some way. If you like art, you can start a design business. If you like marketing, you can create or choose a product and then market it. If you like writing, you can write a book and do your own public relations and marketing. If you like the Internet, you can start a Web development business. You'll grow. I personally have grown a lot from owning a business. I used to be terrified to speak in front of others. Now I look forward to it. Before owning a business, I had probably read a total of five books outside of school, and I only read them because my mom made me. Since starting my business, I've probably read more than 100 books. The business has also allowed me to learn more about myself. I know that I will be an entrepreneur forever in some way, shape or form! |
© Athifea Distribution LLC - 2013 |