Sunday at Acceler8Success Cafe is the time for looking back over the past week. It’s a time for review as with so much going on at Acceler8Success Cafe I know it’s easy to miss a newsletter or two. Possibly my Question of the Week slipped by without you noticing, or an announcement I may have made just seemingly got lost amongst the busy news feed.
Just like an experience at your local cafe, I really want Acceler8Success Cafe to be conveniently located when you desire or need to relax, enjoy a cup of coffee, and catch up on some reading. My goal is for Acceler8Success Cafe to be your virtual cafe. A place where you may frequently visit to enjoy a few minutes to yourself. I’d like the experience to be memorable by providing learning opportunities, by presenting a different perspective & insight, by spurring thought & reflection, by encouraging interaction, and by spotlighting topics that, frankly, may not be as front and center as they should or need to be.
Acceler8Success Cafe is open for business seven days a week. For the benefit of current & aspiring entrepreneurs, this daily newsletter is delivered each morning. As a way to jumpstart the week ahead, a weekly review is delivered each Sunday morning listing and linking to the articles you might have missed during the previous week. My goal is to provide an opportunity for you to begin the new week informed and with ideas that possibly could accelerate your success.
78 years ago on June 6, 1944, thousands of Americans in unity stormed the beaches of Normandy and changed the course of World War II. Many lives were lost in the effort to keep the world free. In light of current unrest and discord I appreciate our freedoms even more than ever before. As the threat against freedom has again reared its ugly head, it will take unity to prevail once again.
Mistakes are a part of life. However, so is learning from mistakes. But if you could learn from the mistakes of others rather than your own, wouldn’t you? In this article we took a look at some common mistakes individuals make when exploring and investing in a franchise in order that you avoid them and improve your chances of success within your new business.
Business owners and entrepreneurs are not the only players responsible for building up the economy. If everyone doesn’t participate in the growth, then it will not spread and take root. There is one entrepreneur on the stage but there is also a cast of characters, orchestra pit, and the audience. Without those ecosystem stakeholders, change will not be successful.
An entrepreneur is defined as, “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” A businessperson is defined as, “a man or woman who works in business or commerce, especially at an executive level.” Although the two seem closely related, they actually differ on a major level.
Question of the Week: I don’t believe it could be argued that an entrepreneur is a businessperson. But I do believe it can’t be argued that not all businesspeople are entrepreneurs. So, what differentiates an entrepreneur from a businessperson?
Back in 2009 while in the midst of an uncertain economy, and a few times thereafter, I have shared this article and inspirational video. Almost every time I’ve done so I’ve heard from individuals thanking me and letting me know that it had helped them cope with difficult times. Recently, I heard from someone who reminded me of the original post and how much it meant to him back then and how he often refers to it when facing a current challenge. It made me think about how it might help others today as we’re once again experiencing economic uncertainty. Here’s hoping that sharing it once again may help a few more that may need some inspiration and hope that tomorrow will be better than yesterday.
“Weekends are days to refuel your soul and to be grateful for the blessings that you have.” – Anonymous
This quote from billionaire Dallas Mavericks owner Mark Cuban addresses the common dilemma of which field we should pursue in our entrepreneurial life.
Too often, we end up pursuing paths that aren’t optimal for our own lives, abilities, and interests. At the same time, it’s impossible to choose a perfect path in advance. Things will inevitably change along the way.
Given both the difficulty and importance of choosing a path in this life of ours, how do we go about putting Mark Cuban’s ideas into practice?
- Ikigai. Have you heard of Ikigai? It’s a Japanese philosophy for finding a balanced life. Ikigai takes Mark Cuban’s quote and runs with it. To correctly follow Ikigai, you must seek a balance between not only what you love and are good at, but what the world truly needs, and you can also be paid for. This framework might help you find the way when considering different paths.
- Regular Reflection. It’s important to reflect along the way during your entrepreneurial growth. Taking the time to sit back and assess whether you’re still in love with your work and whether your time might be better used elsewhere is an important part of the process.
- Skills & Improvement. In order to remain good at something, we can never rest on our laurels. We need to remain committed to pursuing education and development anywhere we can. Once you’ve chosen a particular path, keep seeking ways to strengthen yourself while you walk it.
No matter which area of business you are in, Mark Cuban’s ideas are valuable. Always seek out exciting opportunities you love and have a chance to be skilled in.
Acceler8Success has partnered with Benetrends to jumpstart your entrepreneurial journey!
Funding is one of the most important aspects of buying a franchise or business. Benetrends has been funding America’s entrepreneurs for over 35 years, offering a comprehensive suite of funding options covering nearly every type of business situation. The most popular programs are the Rainmaker Plan® (IRA/Rollover) and SBA small business loan programs.
And Benetrends continues to provide out-of-the-box funding solutions with The Rainmaker Advantage Plan®, a corporate capitalization strategy modeled after the Rainmaker Plan, that is designed to mitigate or eliminate the taxes due on the sale of a business. Benetrends also offers Securities Backed Line of Credit and Equipment Leasing.
Have a great day (and week ahead). Make it happen. Make it count!