Tag Archives: The One Minute Entrepreneur

Entrepreneurial + Spirit does Challenge The Downturn

While  current economic downturn appear to be dominating the news these days, a recent study indicates that over half of all small business owners remain optimistic and do not intend to change their expansion plans.

Some of the highlights are the following :

Around one third for UK’s entrepreneurs (34%) responded that they set up their own business in order to make more money that they would working for someone else. 21% identified their desire to make their own ideas reality as their main motivating factor.

US entrepreneurs are even more ambitious, with 46% setting up their own business to make more money.

Most Dutch and French business owners (74% and 71%) were found to be motivated mostly by the desire to “be their own boss”, compared with a 58% in the UK.

The survey also identified some of the major challenges faced by future entrepreneurs:

Tax: 68% of British entrepreneurs believe that the taxation system in the UK does not favour those who want to start their own business, with similar figures in Germany and France. In the US, only 40% of small business owners think that the taxation system is an obstacle to small businesses.

Financing: nearly two thirds (64%) of British small business owners state that finding finance for a new venture is not easy, with the corresponding figures in Germany and France being 81% and 72% respectively. In the US the situation appears to be marginally better, with 58% saying that it was difficult to raise the initial funding for their new business.

Cultural factors: in the UK, only 44% feel that culturally the UK is a nation of natural risk takers. The Germans and French appear to be even more risk-averse, with only 33% and 34%; these percentages are dwarfed by the corresponding 78% figure in the US.

Government bureaucracy: this is the biggest issue in France, with 76% identifying government red tape as a major obstacle to setting up a new business. This is also the biggest single worry for the Germans (67%), with the British following at 54%. In comparison, only 32% of Americans think that government bureaucracy was an obstacle to entrepreneurial activity.

Education: according to the survey, almost two thirds of UK’s (61%) and France’s (66%) small business owners believe that the educational system does not promote entrepreneurial activity and ideas, with the figure in Germany being much higher at 80%. In the US, only 35% of those that took part in the survey feel that their education system does not encourage entrepreneurship.

I feel humbled to work with people that enables  students in Entrepreneurship succeed in their own business


Devin Willis!

Resources:

Hiscox Study Reveals the DNA of an EntrepreneurPR Newswire,  July 23, 2008 -on BNET

Entrepreneurs defy economic downturn -Posted by peopleperhour.com – 05/08/2008 17:16

Entrepreneurial Spirit Can Challenge The Downturn,Insurance News Net

The One Minute Entrepreneur The Secret to Creating and Sustaining a Successful Business -“..Mega-bestselling author Ken Blanchard and celebrated business leaders Don Hutson and Ethan Willis present an inspiring story that reveals the secrets to becoming a successful entrepreneur…”- By ebay-garden-gnomes

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“Best Business Books Ever”

An interesting Post Filed in  Books, Business-General, Reviews by Drea on Business Pundit

“..sifted through numerous categories and resources to come up with this list of the 25 Best Business Books Ever. We didn’t concern ourselves with categories (management, sales, etc.) or timeliness of subject matter. Instead, we focused on the following question: Based on prominent reviews, academic use, and popularity..”   Please see__  http://www.businesspundit.com/25-best-business-books-ever/

I would have also included other books, such:

The One Minute Entrepreneur by Ken Blanchard (coauthor of the #1 bestselling business classic The One Minute Manager), Don Hutson, CEO of U.S. Learning, and Ethan Willis, CEO of Prosper Learning, tell the inspiring story of one man’s challenges in creating his own business. Through a powerful and engaging narrative, we confront many of the typical problems all entrepreneurs face in starting up their business, from finding new sources of revenue to securing the commitment of their people and the loyalty of their customers. More important, we learn the secrets to becoming a successful entrepreneur, including how to build a firm foundation, how to ensure a steady cash flow, and how to create legendary service. In addition, the book offers invaluable advice, delivered through One Minute Insights, from such entrepreneurs and thinkers as Sheldon Bowles, Peter Drucker, Michael Gerber, and Charlie “Tremendous” Jones.Today, in the midst of the largest entrepreneurial surge in U.S. history, four out of five small businesses continue to fail. THE ONE MINUTE ENTREPRENEUR offers businesspeople and would-be entrepreneurs a treasure trove of wisdom on how to think, act, and succeed in creating and sustaining a business, no matter what their industry.

Influence: How and Why People Agree to Things by Robert Cialdini (a professor of social psychology) , spent 3 years “undercover,” applying for jobs as a telemarketer or car dealer, observing how managers went about persuading employees to do things. He condensed his findings into a list of six “weapons of influence.”

“…This is a very readable, scientifically grounded, accessible overview of several techniques of interpersonal relations–how you can use commitment or reciprocation to get people to do things. Influencing other people is the job of management. This book tells you how to do it a nice, accessible way.”

It breaks influence into six key factors:

  1. Reciprocation
  2. Consistency and Commitment
  3. Social Proof
  4. Authority
  5. Liking (the person who is trying to influence us)
  6. Scarcity

Devin Willis

-Resource-

25 Best Business Books EverBusinesspundit Bloghttp://www.businesspundit.com/

The best business books of all time? -“Here are the choices of our panel of CEOs and experts”– U.S.News & World – http://www.usnews.com/

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