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How to Respond to the Criticisms You Face in Your Entrepreneurial Journey

When you launch your business, you will be investing your money with the hope that you will succeed in your entrepreneurial venture. However, when something goes wrong or if you take a wrong step the implications of which are quite severe, you are likely to fear if things will become a muddier morass or if you will be able to come out of the boggy ground. You are already having the stress of not being able to produce the results you want to have. In addition, you will attract a lot of criticisms from all quarters. These criticisms will be adding fuel to the fire. In this context, you will not know how you should respond to such criticisms. Let us find out. Realize the fact that failures and roadblocks are a part of an entrepreneurial journey You should understand the facts that roadblocks and setbacks are bound to be there in an entrepreneurial journey. When you confront such situations, people including your partners, relatives and friends are likely to criticize you. You should...

What Should You Do If You Have a Powerful Business Idea That May Affect Your Work-Life Balance?

If you are able to achieve work-life balance, despite being a business owner and despite devoting time for making all the efforts for growing your business, you certainly deserve accolades. However when you suddenly stumble upon a powerful idea that can catapult your business to great heights but that can also negatively impact your work-life balance, what will you do? Let us find out what aspects you should consider before making your decision. Recall why you are doing your business Recall what inspired you to choose the entrepreneurial path. Revisit the question once again. Most probably, the reason for your choice might be that you wanted to have complete control over your life. Of course, financial freedom might have been one of the reasons as well. What is work-life balance according to you? You may be a believer of what John Barksdale said quoting Rumi, "Live life as if everything is rigged in your favor." So, according to you, work-life balance means that ...

How Should An Entrepreneur Define Success?

Is success only about financial profitability? Because if that were so, your journey to success would be longer than you would have imagined. While financial profitability of course is one major milestone of defining success, there are many non-financial milestones, that when crossed, would make you a successful entrepreneur. Success is of course subjective but most successful entrepreneurs define success through these milestones. Famous motivational speaker Zig Ziglar, once said, “The foundation stones for a balanced success are honesty, character, integrity, faith, love and loyalty”. Changing the definition of failure: Many successful entrepreneurs say that they felt successful when they changed their attitude towards failure. Failure is defined as not trying and not on the basis of the outcome. Level of engagement: The more engaged you are in your venture and passionate about it, the more successful you feel. If you feel it, you become it, says noted entrepreneur John Barksdale...

John Barksdale - It is Possible to Achieve Entrepreneurial Success within 11 Months

Being a business owner, you want to achieve success quickly, but remember achieving instant success is impossible whatever may be your venture. However it is certainly possible to achieve your business goal within a reasonable period. There are some experts who emphatically say that if you adopt certain ways, you can achieve success in your business within 11 months. Remember the words of Jim Rohn who said, "Success is nothing more than a few simple disciplines practiced every day." Let us find out what steps you should adopt. Get a firm grip on what you do You should first make a firm choice on what you want to do. Why should you take this step of making a firm choice? Only if you take this step, you will not get distracted from it. Before you make the choice, you should do a lot of research so the choice you make is perfect. It should not only suit you, but it should get you the success you are aiming for. Once you determine what you want to do, you should ensure to...

John Barksdale - A Key Component That Can Help You in Increasing Your Business Revenues

Once you launch your business, you will make plans and strategies for acquiring a customer base, expanding it, marketing, making sales and earning revenue. You may put in place an elegant and attractive website for the business. The process for setting up your business may start off fun, but all your efforts can turn out to be 'mechanical monsters' that may ultimately mean "Zero" because you may not get the customers you expected to acquire. This also means that you will not be earning the revenue you have been aiming for. This increases the chances of you becoming frustrated. You may even start doubting if you have made the right decision of entering the entrepreneurial world. Of course, such self-doubts are normal when you are not getting the results for which you have been working towards. Even highly successful entrepreneurs face such situations when they become start-up owners. So, what is the solution for this and what is the key component that will help you o...

Lessons Entrepreneurs Can Learn From Poker Masters

You may not realize it, but a poker player and a businessman have more in common than you may have thought. Just like in the game of poker, you need patience and confidence to carry on with the situation at hand. Poker requires you to concentrate, be careful and have the ability to put off fire all around you. Along with these, what you need is precision. As John Barksdale , the successful entrepreneur once said quoting the Sufi poet Rumi, “Live life as if everything is rigged in your favor.” You have to be confident that the fate will turn in your favor and hence, you must act accordingly. Be disciplined and principled You may feel sometimes that you need to leave your principles for some gain or some advances. Do not do that because karma will follow you. Always stay resilient, fight with your principles, with your disciplines intact and you will certainly reap your rewards. It is an age old proven formula and you will benefit from it as well. Do not bite off more than you can c...

This Single Way Can Help You In Surmounting The Challenges You Face As An Entrepreneur

As an entrepreneur, you cannot assume that your journey towards achieving your business goal will always be smooth. There are chances of your journey becoming jam-packed with challenges. If you allow these challenges to interrupt your journey or halt it, there is no way you can achieve the goal you have been aspiring for. John Barksdale  remembers the words of Tony Robbins who said, "The secret of success is learning how to use pain and pleasure instead of having pain and pleasure use you. If you do that, you're in control of your life. If you don't, life controls you." This means that you should confront these challenges head on and try to surmount them. In other words, you need not be afraid of facing challenges. You should look for ways to surmount them. Experts point out that there is a way that can help you in this process. Let us see what it is and how it works. The Single Way To Surmount Challenges Challenges you face in your business will conti...