011 RIL: Successful Entrepreneurs




The Residual Income Life Podcast  show

Summary: Want to be a great entrepreneur? We will discuss the three types of entrepreneurs and how learning from each of those types of entrepreneur can set you apart from the pack. Entrepreneurs are one the most interesting group in society, they are hardworking, self-motivated, determined, go getters that make things happen. The most interesting thing is how few of them there are. It begs the question why?     Today will look at the three types of entrepreneurs; Successful, Unsuccessful, and New. Our focus is looking at what got the first two types to where they are. Why was one person successful and another unsuccessful? As a new entrepreneur you have the ability to learn from all of the success and failures of those that have come be for you. Learning from others is one of the greatest ways to make sure your business starts and runs as well as possible. Here is a little bit about each type of entrepreneur: Successful: These guys are easy.  They know the game.  They understand why you build a business.  They do it over and over again because they love the challenge.  They are not in it for their egos, the idea, or the need to have President on their business card.  They do it because they can't do anything else, but build things and then sell it off.  They get it started, then hand it off to people to run it. Unsuccessful: Things just don't work out for the Unsuccessful Entrepreneur.  More often than not, they keep on trying, and get it a little more right next time.  Eventually, some become successful.  Often, they give up and return to the safety net of a 40 hour per week job.  Their idea, product, or service just does not solve anyoneís problem, but their own. New: I have a lot of respect for people that venture out into their own or try to turn an idea into action.  These are people that generally donít fit into the corporate structure, are generally liberal minded (not to confuse the Rush Limbaugh listeners of the world, liberal minded means finding new ways of doing things from how it is always done.  Or, it simply means outside the box thinking).  Having the audacity to question how things are being done and suggest there is a better way to do it.   Thanks for listening and feel free to rate the podcast in iTunes.   -Chris