There are many elements involved in starting and growing a successful business. There is a process that entrepreneurs must go through in order to meet their goals in business. When considering going into business for your self, understand the facts and the myths. For example:
You get to be your own Boss – In a way, you do, but in a way, you don’t. If you are thinking of going into business for yourself just to replace your “jerk” of a boss, think again.
Consider your employees, your customers, your lenders and bankers and your vendors and suppliers. All these people will, in a sense, become your boss. All of them will tell you what you should do, why you should do it and what will happen if you don’t do it. Make your employees happy or they’ll be less productive or quit; make your customers happy or they will buy from someone else; make your loan payments or you will be sued; pay your vendors and suppliers or they will not extend you credit.
There are a lot of people you will have to develop and maintain a good relationship with; there will always be rules to follow.
You get Independence and Freedom – You are able to do whatever you want to whenever you want to. This couldn’t be more untrue! You will become very dependent on the success of your business. You may eventually gain some independence and freedom, but at first, be ready for a lot of work. With a 9 – 5 jobs, weekdays, your free time is after 5pm and on weekends. You may find yourself working very long days, including weekends, while you are establishing your business.
Going into business for itself has its advantages and disadvantages; its risks and rewards. You do get to control your own destiny when you operate your own business. Also, going into business for yourself is the only predictable way to get rich. Not everyone is born rich, marries rich, hits the lottery or inherits rich and none of these paths to riches is predictable.
There are certain elements to consider when you are thinking about giving up the job and running your own business.
Are you Right for Business?
Is Business Right for You?
Are your Persistent?
Are you Confident in Yourself?
What will you do?
What type of Business – retail, food, home-based, etc…?
Will you Buy a Business? Buy a franchise?
Will you Start a Business from Scratch?
How is the Market Demand for your Product or Service?
The research and preparation involved in going into business for your self is very time consuming. Educating yourself in business essentials is crucial to your success. Operating your own business is full-time work. You must be ready to make a commitment and to make plenty of sacrifices before you experience the reward that you want and deserve.
Bill Bartmann is a self-made billionaire who has started 7 businesses in 7 different industries. He created the Billionaire Business System, a series of books and seminars that teach you what you need to know about succeeding in any area of business. Visit Bill Bartmann’s website http://www.billionaireu.com for real business guidance to succeed even in tough economic times.
Showing posts with label billionaire. Show all posts
Showing posts with label billionaire. Show all posts
Tuesday, March 17, 2009
Tuesday, January 20, 2009
Bill Bartmann Story: How Self-Esteem Plays a Role in Becoming a Billionaire
Bill Bartmann Story
While his fortunes may have taken a dip one senses that he will bounce back for he has been down this road before. You see he has been a pauper, three times a millionaire, twice bankrupt as well as being a billionaire.
However, he would not have been able to build any of his fortunes in the first place if it had not been for one thing. This is the secret to his success and it is something that anyone striving for success needs.
To put things into perspective though, we need to go back in time to his upbringing. Bill Bartmann was one of eight children. His parents were uneducated and so could not command well-paying jobs. He describes having to move frequently and even, on occasion, being turned out of dwellings because they were deemed not fit for human habitation.
He has been homeless and was once part of a travelling carnival. He dropped out of high school, was a teenage alcoholic and a member of a teenage gang called known as the "Manor Boys".He was also the smallest member weighing in at just 98lbs. This didn't stop him from picking fights with the 'big' boys. In some ways it's a trait that has stuck with him - not so much picking fights - but there's audaciousness to many of his business ventures.
He truly understands the concept of risk and reward. A big risk can result in a huge pay-off, but if it backfires it can leave a large dent in your pocket and bank balance. Clearly, Bill Bartmann has experienced both extremes.
It just shows that it's not your circumstances that make an individual wealthy. It's your mindset. He could lose everything today and tomorrow he would simply start to rebuild his wealth.
In an interview for Virtual Seminar Week, Alex Mandossian asked Bill Bartmann what was, in his view, the key to success. Bartmann replied that he could sum up the key to success to just one thing, something which he had identified at a young age.
"All the successful people I knew in life had high self-esteem and all the losers had low self-esteem."
There you have it. It sounds very simple and you may have even been disappointed at the response but it is also very profound.
You see, our self-image drives everything that we do and our self-image is inexorably linked to our self-esteem and self-confidence. Improve your self-esteem and improvements in your life will naturally follow.
Having high self-esteem is indeed the key to success.
When Bill Bartmann was growing up his self-esteem was low. He gives credit to his childhood sweetheart, Kathy, for opening his eyes to this fact. It is as Barbara D'Angelis says,
"Until you're aware of what you're doing you have no choice but to continue doing it."
Kathy once threatened to leave him. She had had enough but of what? You see, at the time Bartmann had no clue as to why she was so upset with him. So she spelled it out for him.
"I love you but I can't stand being around you when you keep putting yourself down.
"It was a defining moment in his life. He said he would change. It wasn't easy but he persevered.
He took the GED (General Educational Development) exam and put himself through college and law school.Kathy eventually became his wife and they've been married now for over 30 years.Sure, Bill Bartmann has had his self-doubts, even bouts of depression - he wouldn't be human otherwise. However, when your self esteem is strong and when you are clear about your core values - the things you stand for and what you are unwilling to compromise on - then you bounce back from these lows.And each time, you bounce back just a little bit higher.
While his fortunes may have taken a dip one senses that he will bounce back for he has been down this road before. You see he has been a pauper, three times a millionaire, twice bankrupt as well as being a billionaire.
However, he would not have been able to build any of his fortunes in the first place if it had not been for one thing. This is the secret to his success and it is something that anyone striving for success needs.
To put things into perspective though, we need to go back in time to his upbringing. Bill Bartmann was one of eight children. His parents were uneducated and so could not command well-paying jobs. He describes having to move frequently and even, on occasion, being turned out of dwellings because they were deemed not fit for human habitation.
He has been homeless and was once part of a travelling carnival. He dropped out of high school, was a teenage alcoholic and a member of a teenage gang called known as the "Manor Boys".He was also the smallest member weighing in at just 98lbs. This didn't stop him from picking fights with the 'big' boys. In some ways it's a trait that has stuck with him - not so much picking fights - but there's audaciousness to many of his business ventures.
He truly understands the concept of risk and reward. A big risk can result in a huge pay-off, but if it backfires it can leave a large dent in your pocket and bank balance. Clearly, Bill Bartmann has experienced both extremes.
It just shows that it's not your circumstances that make an individual wealthy. It's your mindset. He could lose everything today and tomorrow he would simply start to rebuild his wealth.
In an interview for Virtual Seminar Week, Alex Mandossian asked Bill Bartmann what was, in his view, the key to success. Bartmann replied that he could sum up the key to success to just one thing, something which he had identified at a young age.
"All the successful people I knew in life had high self-esteem and all the losers had low self-esteem."
There you have it. It sounds very simple and you may have even been disappointed at the response but it is also very profound.
You see, our self-image drives everything that we do and our self-image is inexorably linked to our self-esteem and self-confidence. Improve your self-esteem and improvements in your life will naturally follow.
Having high self-esteem is indeed the key to success.
When Bill Bartmann was growing up his self-esteem was low. He gives credit to his childhood sweetheart, Kathy, for opening his eyes to this fact. It is as Barbara D'Angelis says,
"Until you're aware of what you're doing you have no choice but to continue doing it."
Kathy once threatened to leave him. She had had enough but of what? You see, at the time Bartmann had no clue as to why she was so upset with him. So she spelled it out for him.
"I love you but I can't stand being around you when you keep putting yourself down.
"It was a defining moment in his life. He said he would change. It wasn't easy but he persevered.
He took the GED (General Educational Development) exam and put himself through college and law school.Kathy eventually became his wife and they've been married now for over 30 years.Sure, Bill Bartmann has had his self-doubts, even bouts of depression - he wouldn't be human otherwise. However, when your self esteem is strong and when you are clear about your core values - the things you stand for and what you are unwilling to compromise on - then you bounce back from these lows.And each time, you bounce back just a little bit higher.
Subscribe to:
Posts (Atom)
