Fees Must Fall : As we think

The beauty of entrepreneurship is that no matter how off course you may feel, your future and fate are in your hands.

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Creating Your Own Destiny: Like every other area of life (diet, health, relationships, finance), business success doesn’t come from following formulaic systems or looking for quick results. Nor does it come from measuring how much you have compared to others. It’s about getting what you need and achieving your own goals. It takes hard work—but the rewards are worth it.

Think “From the Inside Out:” Before you examine your company, you have to examine yourself. Focus on your needs, motivations, goals, and aspirations and construct your business plan from there. Why did you become an entrepreneur? What benefits were you looking for? What must you get from the experience in order for it to be worth it? What compromises are you willing to make—and which ones aren’t you? Now reflect on your company and experience. Are your answers represented? How does the reality you’ve created stack up to what you want?

Change the Way You Think about Growth: Growth is not just about getting bigger, but also about how companies transform and evolve over time to meet a variety of goals. Some entrepreneurs focus on reputation and expertise.

Change the Way You Think about Success: We also challenge you to think differently about the definition of success. Instead of asking yourself how big and how fast, consider what size is big enough to get the job done. Instead of just evaluating your progress with a numerical multiplier, consider whether your company is having the impact you want. Instead of asking yourself how your company stacks up against another, consider how satisfied you are with the company you’ve created.

Believe that the Work is Worth It: Just because you know what you want doesn’t mean it’s easy to get it. All entrepreneurs face tough decisions, bouts of uncertainty, and periods of exhaustion. All have hiccups, detours, and distractions and have to work hard to keep their goals in mind.

Just because you know what you want doesn’t “mean it’s easy to get it.

Understand that the Answer isn’t Obvious: There is no right or obvious way to do things, so don’t beat yourself up for not knowing the answer. It’s alright if you haven’t always gotten it right and have no idea what the future will bring. Instead of fretting about having a perfect plan, gain confidence from being clear about what you want and creative about the ways to achieve it. Understanding this makes the journey enjoyable, the unknown future exciting, and the promise of entrepreneurship real.

The Promise of Entrepreneurship:  By Adelaide Lancaster,

 Published Dec. 7, 2011, 12:00 p.m