10 Tips for Would-be Entrepreneurs

Every evening as the sun sets beyond the mangroves that line the shore along the western bank of Lake Myakka, Florida, herds of wild deer and wild black pigs come down to the water's edge to drink and slake their thirst.

I have seen them up close and it is a beautiful, peaceful and inspiring sight!

Every evening as the sun sets beyond the mangroves that line the shore a horde of hungry alligators wait just below the surface and watch for their prey.

I have seen them and nature in the raw is truly an awesome sight!

It doesn't matter whether you are a gentle deer, a greedy pig or an armor-plated alligator--survival depends on your ability to move fast!

When you see what looks like an opportunity, you must grab it quick.

But even if you don't grab it, the opportunity will not be wasted because someone who is hungrier that you surely will.

We all make mistakes. That's how we learn. Consider these 10 Tips for Would-be Entrepreneurs:

1. Be constantly on the lookout for moneymaking opportunities.

2. Trust your intuition. If it looks like a good opportunity--grab it.

3. Nothing ventured. Nothing gained. Big risk means big reward.

4. Be willing to take carefully calculated risks.

5. When you have little to lose and much to gain--go for it!

6. Think big but start small.

7. Never invest more than you can afford to lose.

8. Keep your day job and get paid while learning.

9. Work for yourself evenings and weekends.

10. Don't leave until your part-time earnings equal your weekly wage.

Sometimes, the opportunity you grab may not live up to it's promise. Occasionally you may even lose all the money you invested in it.

But, the lesson will not be lost. Because, in discovering what did not work, next time you will be better equipped to judge what will.

It is said that Thomas Alva Edison failed 10,000 times in his search to find the perfect filament for his electric light bulb.

"You failed 10,000 times. You are a failure," someone scornfully said.

"Not so," Edison replied. "I now know 10,000 things that don't work! The experiments failed, but anyone who tries and keeps on trying is never a failure. The only failure is to admit you are defeated!"

(c) Copyright 2005 John J.O'Callaghan. All Rights Reserved.

"37 Tips on How to Write a Web Page or Sales Letter That Sells." Free when you subscribe to "Success, Money and Power" newsletter. Send a blank e-mail. Put "37 Free Tips" and your first name as the Subject. Mail to: TipsBooklets@msn.com

---

Chairman Greenspan and the FED, learn more you will be glad you did

So many people work their whole life to make money,... Read More

Key to Starting Your Own Clothing Company

Starting your own private label clothing company is not as... Read More

Youth Entrepreneurship, A Disappointing Truth

The psychology of entrepreneurship can be very rewarding to one... Read More

Curb Your Enthusiasm

Isn't enthusiasm a good thing? Aren't we urged to be... Read More

Entrepreneurship Story; Over Regulation in Franchising Part I

Jim and Sally run a successful auto business, which they... Read More

Angel Investors: 7 Online Business Plan Scams and 1 Real Deal

We've all seen the hype: "We'll put your plan in... Read More

What Makes an Entrepreneur?

Rupert Steiner in his book 'My First Break' attempted to... Read More

The Heroic Entrepreneur: Profiting from Your Brilliance

If you look up the definition of hero in Webster's,... Read More

How To Start a New Business

While it is tempting to just leap into a new... Read More

Entrepreneurial Ongoing Education Advice

I would like to give some advice to all the... Read More

A Secret To Extraordinary Accomplishments

I sat watching a documentary on U.S. Navy SEAL Team... Read More

Differentiation Strategies for Franchise Companies

With the growing number of franchise offerings recently it is... Read More

Used-Book Case Study

Dwight Payne and Gary Heap reside in Santa Barbara, CA,... Read More

Entrepreneurs: Benefits vs. Features-Know the Difference!

Entrepreneurs know their business. They know their product, their service.... Read More

What Part of Handwriting on the Wall Dont You Understand - They Dont Hire People Over 50

In a recent talk to the Detroit Economic Club, President... Read More

Street Smarts Vs Book Smarts, What Does It Takes To Be An Entrepreneur

The latest series in "The Apprentice" features 2 distinct group... Read More

Increase Profits with No Pain, No Change Approach

Implementing changes, even when they're good for your business, can... Read More

The Cockroach Test

Let me ask you a question? Imagine I would offer... Read More

Isnt it Time You Started to Fly?

I am going to begin this article by sharing a... Read More

Become a Recognized Authority in Your Field - in 60 Days or Less!

You don't have to be rock-star famous before you are... Read More

Profile of Women Leaders

Leadership is based on two words, "pressure and support"and that... Read More

Developing A Contract

As a service provider, the most important type of "boundary"... Read More

Taking Charge and Getting Results: The Choice is Yours

As one of the most successful direct sales entrepreneurs in... Read More

Applying The Daffodil Theory into Business Practice

At times all of us need a bit of inspiration... Read More

Why Every Student Should Start a Business

With the economic downturn, students in all the major business... Read More

Health Insurance for Solo Entrepreneurs

One of the most important benefits employed people enjoy is... Read More

Securing Second and Third-round Venture Capital Financing

Widget sales are booming ? the competition is scrambling, demand... Read More

How to Be an Entrepreneur and Keep Your Sanity

Define for yourself what an Entrepreneur is:What makes you think... Read More

From Bank Clerk to Entreprenuer

What seems like a century ago, I left school and... Read More

Fear of Failure

Of all the real or perceived impediments to success, the... Read More

Can You Make Money Without Money?

When I ask why you don't start your own business,... Read More

Pre-Money vs. Post-Money Valuation

When a company decides that it must raise capital, a... Read More

5?4?3? 2...1?

A streak dating back more than three decades came to... Read More