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Aspiring Entrepreneurs, Don’t Get Hung Up On Step 2

I hear it over and over again,  "I have this great idea for..., now what?" Really that's the most difficult part for people is developing a plan, a strategy, to go from idea to implementation. Many are looking for a "connect the dots" type system that will show them  step 1, step 2, step 3 and now your done. The problem is there really isnt a step by step guide that can be applied to taking an idea to implementation and success. However there are two steps you should be sure not to skip. Step 2 Is All About Research This is the most critical part of developing your business idea.  You need to do in depth research into your idea.  Some things you should be looking for.  Is there a market for my idea? Are there any other companies doing the same thing?  Are those companies successful? If there are companies doing the same thing where are they deficient. If there are not companies doing the same thing, why not? Will I outsource, produce, provide, contribute to the development of my product or idea? If so in what ways? If not who will do it for you? Now the list could continue for another 100 questions, however the point is to research, research, research, the idea that you have in order to best formulate a plan to move forward.  Knowing your market and your competition will be essential to your success.

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51 Excuses Entrepreneurs Hide Behind

Everyone's an Entrepreneur, why not you? Which excuse are you hiding behind? I'm not creative - Everyone is, look at your dreams, your personality I don't have money - Almost all start without money I'm not talented enough - Determination trumps talent I'm not capable - You're the only one who is. It's too risky - Doing nothing is much more risky It's too much pressure - No more than not being in control of your future That's been done before - Execution not originality leads to success That's never been done - Pioneering something can pay off I can't focus - Sure you can, it just takes some practice I can't make decisions - You do everyday, what to eat, what to wear, where to go I make decisions to quickly - Timely decisions are important My parents weren't and it worked for them - Perhaps but it won't in the future My parents were and it didn't work - Your opportunities are better My ideas are horrible - Horrible ideas can be successful too I have ideas but I don't know what to do - You're already well on your way

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Detours Are Inevitable, What You Do Next Is Not

We've all faced them before.  Your driving down the road trying to get somewhere, inevitably running late, and you come up on a detour sign.  The detour is going to take you 30 min in the wrong direction. Obviously you don't have much choice but to take it and that's exactly why it irritates you.  While encountering these detours on the road is one thing, having them impact our life is quite another. How will you deal with the detours life throws at you?  What happens when your business is down 50%? What happens when your great business idea doesn't take off? What happens when your laid off? What happens when you've been rejected by publishers? What happens when your employees quit, like at Zappos? What happens when you loose your best customer? What happens when you get a bad review? What happens when you fail? Time and time again life throws detours in our path. How you handle those could be the difference between getting back on track or continuing in the wrong direction. It's something that you should be prepared for. Sign up for my free newsletter

You Must Use An iPhone If…

...it's your competition. "I've never used an iPhone" was the quote from Palm CEO Jon Rubinstein during a recent interview.  That makes him either a liar or a fool. The arrogance of not deeply knowing your competition is something that perhaps would work in the past, but today and into the future is a direct line to failure.  As an entrepreneur one of the most important things you can do is to understand who your competition is and what they bring to the market.  Whether you're a manufacturer, service provider or blogger you need to make it a pillar of your career to have the mindset of researching your competition.  Here are some reasons why... In sales you will be better prepared to sell your features/benefits over your competition In design you will be able to exploit the design weakness of your competitions products In marketing you will be able to position your product where others aren't and where others fall short In pricing you will be able to target your markets more competitively In support you will understand opportunities that your offering can utilize to reduce complaints In usability you will find nuances that no one can share with you, no matter how many videos, reviews or articles you read. Being an entrepreneur today is all about learning. You need to learn your about your competition, market and customer.  A lack of understanding in any one of those three areas is done at your own peril. How about you, do you research your competition? How? photo credit

How Does Your Website Make Me Feel?

How should I feel when I visit your website? What emotions do you want me to have after that experience? When someone visits your website they are going to make up their mind in a matter of seconds about what the site is all about and more importantly how it makes them feel. We often focus on designing the site for the sake of a "good look" without ever considering what emotions we want to invoke. Those emotions will translate into action, good or bad. Real World Emotions Yes you need to have a call to action, whether its sign up for something, buy something, respond to something or inquire for more information but creating an emotion is central to your success. Think along the lines of some real world examples; Target vs. Walmart Apple Store vs. Sony Store Ikea vs. local furniture store Each of those clearly evoke an emotion that you experience the second you walk in. The question is which emotions do you want to evoke. (click image below to see "Wheel of Emotions") Your Website Should Be No Different When someone visits your site you should have in mind the emotions your looking to have them experience. For this site my focus was for you to experience a professional, smart, modern and inviting design. The emotions I want people to experience are optimism and trust. Once I established these then I could go about designing the site to reinforce those emotions. Lastly is to iterate, get feedback, test and improve, so on that note - give me some honest feedback, how does my website make you feel? What can I improve on? Oh and dont forget to sign up for my free newsletter photo credit