entrepreneur goals

5 Priorities For New Entrepreneurs

priority

I have noticed new entrepreneurs can easily be pulled in wrong directions. When you look at the internet, there are tons of articles telling entrepreneurs to do this, do that… Buy this tool… Use this software.

And some of those tools and some of that software may be helpful in your business goals, but you need to prioritize. You need to make sure your Return On Investment is satisfactory and that the tool does exactly what it claims it will do.

The reason I am writing this is because I looked back to when I was first starting… I was mislead a time or two.

And one of the things I quickly learned was to use lessons from those who traveled the entrepreneurial path before me.

I want to help you not get overwhelmed. So in today’s post, I am going to share 5 priorities for new entrepreneurs.

Priorities For New Entrepreneurs #1: Set A Non-Material Goal

It seems like every new entrepreneur sets goals like:

  • Buy a $450,000 home in 4 years
  • That Corvette at the dealer will be mine in 1 year
  • Or anything of a material nature

There is nothing wrong with goals like those. But the issue is, you could lower your expectation easily…

  • I’ll settle for a $175,000 home
  • Okay, I’ll buy the Tacoma

What you really need to start with is a non-material goal; a goal you cannot lower.

Something like, I will change the attitudes of people towards blockchain technology or multilevel marketing.

If you set a goal similar to that, you will be chasing something that will provide passion and not just a new toy.

Priorities For New Entrepreneurs #2: Know Your Customer

Here is an area where many new entrepreneurs fail at… You don’t want to build a product or create a service just because you “think” it will be a great thing.

Maybe it is great but…

Will it sell?

Is it truly what your customers need or want?

Before you create, know your potential customers. What are their problems they need solved? If you can make their lives easier, you have a better chance of success.

Priorities For New Entrepreneurs #3: Your Well Being

How can you help other people if you are not helping yourself first? You must be in shape physically, mentally and emotionally.

This means:

  • eating right,
  • exercising,
  • sleeping properly,
  • dealing with feelings,
  • etc…

Priorities For New Entrepreneurs #4: Have A Learning Attitude

I had to list this because a large percentage of entrepreneurs have a penchant of thinking they “know it all.”

Let me be the one to break that bubble… We don’t know even one “inkling” of what we should know.

Learning should be a daily task.

I suggest you set aside some time each day to learn…

  • Get a mentor,
  • Read books,
  • Watch videos,
  • Join in on webinars,
  • Attend seminars,
  • etc…

Priorities For New Entrepreneurs #5: Build The List

You should always be striving to add potential customers to your list. Having a Rolodex full of names and contacting these people at times will result in continuing revenues.

So how do you build a list?

There are many ways to add people to your list; blog subscriptions, contests, etc., all work.

We recognized this need and developed a system that will deliver you leads. These are all personally called to ensure they are ready to “hook up” with your business.

Just visit Rocket Recruiting leads here and we can help you fill that Rolodex.

Conclusion

I hope this helps you on your journey as an entrepreneur.

If you have any questions or feedback, just leave them below.

Thank you as we all journey…

To The Top!

eric tippets

Will You Be An Average or Extraordinary Entrepreneur?

Let me start by saying that if you just want to settle for average, maybe the life of an entrepreneur is not meant for you. I don’t mean to sound harsh but sometimes the truth does come out that way. You should strive to be an extraordinary entrepreneur because average is no fun.

Let’s have some fun

As I provide you with tips to help you turn that average into extraordinary.

Whatever the mind of man can conceive and believe, it can achieve. Thoughts are things! And powerful things at that, when mixed with definiteness of purpose, and burning desire, can be translated into riches” – Napoleon Hill

The Extraordinary Entrepreneur Fills The Vacuum

No, I’m not talking about doing housework. What I mean here is: you look for the problem no one else has solved yet. You are searching for needs so you can develop a solution for that need.

Instead of developing a similar product with different packaging, you develop and market a new product in unique packaging.

The Extraordinary Entrepreneur Sets Goals That Seem Unreachable

The real estate mogul Grant Cardone teaches us this in his book Be Obsessed or Be Average. The average entrepreneur sets goals he/she knows they can reach. The extraordinary entrepreneur sets goals that may not be reached but in attempting to reach that goal, he/she will far surpass the average goals set by others.

The Extraordinary Entrepreneur Drives With His Eyes 1 Mile Ahead

I was just thinking about driving the busy Los Angeles interstate system during high traffic times. I learned that the best drivers are not so concerned about what is happening immediately in front of them, but they are more focused on what will happen in ½ to 1 mile in the distance.

Entrepreneurs need to use this same approach… What will be the consequences of this decision 2 weeks, 1 month or 1 year from now?

The Extraordinary Entrepreneur Vacations Often

The only great way to build a business empire is to utilize automation and other people. While hard work is mandatory during start up, the wise entrepreneur is looking at every possible way to either automate processes, outsource tasks and delegate responsibilities so he/she can travel to Aruba, the South of France or Costa Rica.

The Extraordinary Entrepreneur Masters The Loop

John Boyd was a great U.S. Air Force fighter pilot who was also brilliant at military strategy. When other leaders were stating that F 15 pilots had no chance against Russian MIG pilots, John explained that they did if they mastered the Loop. He called it the OODA Loop which meant that the person must quickly go through the following processes:

  • Observation – Collecting all relevant data that can be gathered with human senses
  • Orientation – Analyzing that data to form a perspective
  • Decision – Determining the course of action in response to the perspective
  • Action – Just doing it!

This Loop needs to be an ongoing process and changes come as situations change.

The Extraordinary Entrepreneur Is Able To Say No

The wise entrepreneur has the ability to say no in non-demeaning way. You just cannot say yes to everything that comes along. Knowing when to say no will become a learning experience as you grow into entrepreneur adulthood.

The Extraordinary Entrepreneur Understands The Laws Of Generosity

There is a natural law at work in this universe. When a person gives, it comes back in huge ways. The extraordinary entrepreneur understands this law and abides by it. He/she gives of their knowledge without expecting return payment, because their payment comes in unexpected ways at a later time.

The Extraordinary Entrepreneur Takes Calculated Risks

Some people will give new entrepreneurs the impression that they should just take a risk if it feels good. If I too every risk that felt “good,” I would probably be homeless. You need to calculate and measure the risk. What are the odds of success.

Betting on the 90 to 1 long-shot in the Belmont Derby is not a calculated risk… It is uncalibrated ignorance.

Learning and innovation go hand in hand. The arrogance of success is to think that what you did yesterday will be sufficient for tomorrow.” William Pollard

In Conclusion

You CAN be an extraordinary entrepreneur if you have the drive and desire to achieve that level. There are many who settle for average and some of them are earning money and living somewhat satisfying lives but… It is JUST AVERAGE.

I always longed to be the extraordinary entrepreneur and I am always striving to reach even loftier heights.

Why not come along on this extraordinary entrepreneur ride with me… I have something for you. You can:

Make the Rest of Your Life

The Best of Your Life

Just find out how by clicking

HERE!

You can and will be an extraordinary entrepreneur. I just know it.

So please keep coming back so I can teach you more and please invite your social friends and family. You can do that by sharing this with the buttons below.

Now I wish you a quick and successful climb…

To The Top!

Eric Tippetts

Eric Tippetts

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