Why Most Entrepreneurs Behave Like Drug Addicts

So, what is your company's end goal? Can you answer this question without missing a beat? Do you clearly know and understand what your organization has set out to achieve? And, just as important: does every employee in your organization know what this goal is?
And most importantly, do you know precisely what you need to do this month, this week, and today, to make significant progress towards this end goal?

If not, then THAT is the real reason why your business is "stuck." If you don't know precisely what you need to do beyond today, then you're thinking like a drug addict.

Let me explain. The most successful entrepreneurs in the world focus on the long-term. Sir Richard Branson. Donald Trump. Bill Gates. Steve Jobs. And many more -- they all had BIG long-term visions, even when they were just starting out.

In fact, ALL successful people think long-term. These are individuals who build trees under which their grandchildren will sit.

On the other side of the spectrum are drug addicts. Drug addicts don't think at all about tomorrow. They spend all their time today looking for their next quick fix. Their only plans are to figure out how to immediately get more drugs. As a result, they never achieve success. But rather, they fall deeper and deeper into despair.

So, how do you run your business? Do you act like a drug addict and focus each day on trying to increase today's revenues and profits?

Or, do you operate like a successful entrepreneur, with a methodical plan that will BOTH build revenues and profits today AND create the necessary infrastructure for your long-term growth, several years from now?
  
Answer honestly.

The key is to start by creating the long-term vision of where you want to go, and then reverse engineer it.
You see, if I asked where you'd like your business to be in 5 years, or 1825 days, you'd probably be able to answer fairly easily.
But how about if I asked you where you'd like to be in 1824 days? Or 1823 days?
And what about 987 days from now?
Or 481 days from now?
Or 84 days from now?
The fact is that you COULD answer these questions for every single day from now until 5 years from now, all the way back to the present day.
And if you did that, you'd know exactly what you'd have to do tomorrow to be on the right trajectory to meet your 30 day, 365 day and even 5 year (1825-day) goals and vision!
Now, in reality, setting goals for each of the next 1825 days is not practical. Not only would it take too much time to complete, but your business and strategy needs to evolve over time. No business operates in a vacuum, and you must be flexible and willing to change.
But, you can figure out where you need to be in the next year, and figure out what you need to accomplish this month to allow you to get there. And then you could plan your days to ensure that progress is continually made.
In summary, to succeed as an entrepreneur, you need to have a clear goal and vision of what you want to achieve. Then you need to create a step-by-step game plan to get there. Because you can't go from A to Z without achieving B, C, D and so on. The key being that you must plan out and execute on the smaller periodic goals (e.g., weekly, monthly, annual goals) that you must accomplish to achieve your end goal.

By Dave Lavinsky

Why Most Entrepreneurs Behave Like Drug Addicts

So, what is your company's end goal? Can you answer this question without missing a beat? Do you clearly know and understand what your organization has set out to achieve? And, just as important: does every employee in your organization know what this goal is?
And most importantly, do you know precisely what you need to do this month, this week, and today, to make significant progress towards this end goal?

If not, then THAT is the real reason why your business is "stuck." If you don't know precisely what you need to do beyond today, then you're thinking like a drug addict.

Let me explain. The most successful entrepreneurs in the world focus on the long-term. Sir Richard Branson. Donald Trump. Bill Gates. Steve Jobs. And many more -- they all had BIG long-term visions, even when they were just starting out.

In fact, ALL successful people think long-term. These are individuals who build trees under which their grandchildren will sit.

On the other side of the spectrum are drug addicts. Drug addicts don't think at all about tomorrow. They spend all their time today looking for their next quick fix. Their only plans are to figure out how to immediately get more drugs. As a result, they never achieve success. But rather, they fall deeper and deeper into despair.

So, how do you run your business? Do you act like a drug addict and focus each day on trying to increase today's revenues and profits?

Or, do you operate like a successful entrepreneur, with a methodical plan that will BOTH build revenues and profits today AND create the necessary infrastructure for your long-term growth, several years from now?
  
Answer honestly.

The key is to start by creating the long-term vision of where you want to go, and then reverse engineer it.
You see, if I asked where you'd like your business to be in 5 years, or 1825 days, you'd probably be able to answer fairly easily.
But how about if I asked you where you'd like to be in 1824 days? Or 1823 days?
And what about 987 days from now?
Or 481 days from now?
Or 84 days from now?
The fact is that you COULD answer these questions for every single day from now until 5 years from now, all the way back to the present day.
And if you did that, you'd know exactly what you'd have to do tomorrow to be on the right trajectory to meet your 30 day, 365 day and even 5 year (1825-day) goals and vision!
Now, in reality, setting goals for each of the next 1825 days is not practical. Not only would it take too much time to complete, but your business and strategy needs to evolve over time. No business operates in a vacuum, and you must be flexible and willing to change.
But, you can figure out where you need to be in the next year, and figure out what you need to accomplish this month to allow you to get there. And then you could plan your days to ensure that progress is continually made.
In summary, to succeed as an entrepreneur, you need to have a clear goal and vision of what you want to achieve. Then you need to create a step-by-step game plan to get there. Because you can't go from A to Z without achieving B, C, D and so on. The key being that you must plan out and execute on the smaller periodic goals (e.g., weekly, monthly, annual goals) that you must accomplish to achieve your end goal.

By Dave Lavinsky

The 21st Century Entreprenuer Series

PREFACE

 

Question of the hour. Who is the 21st century entreprenuer? There has been lots of books, articles and discussion forums held to identify who he/she is.

 

Masterpiece Consultants sees this as imporant and in view have created The 21st Century Entreprenuer Series. A guide and fun book for all persons. It promises to contain deep insights, business tools expo, interviews with the youngest entreprenuers and real life business start-up experience. If you one who jumps at the word ''Business''? This is the book for you.

Take a peep!!!

and Subscribe.

The past Forty years has seen the greatest significant emergence of entrepreneurial activities in Nigeria. Entrepreneurs are now described as aggressive catalysts for change in the world of business; individuals who recognize opportunities where others see chaos, contradiction, or confusion. In Masterpiece, our keywords are passion, determination and focus. The passion and drive of entrepreneurs move the world of business forward as they challenge the unknown and continuously create the future.

Entrepreneurship is given the textbook definition as the dynamic process of vision, change, and creation. It requires an application of energy and passion towards the creation and implementation of new ideas and creative solutions. Essential ingredients includes the willingness to take calculated risks—in terms of time, equity, or career; the ability to formulate an effective venture team; the creative skill to marshal the needed resources; the fundamental skill of building a solid business plan; and, finally, the vision to recognize opportunity where others see confusion, flaw, and misperception.

What is entrepreneurship to Us? It is finding the need, providing the solutions and adding value.……………………..

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Knowledge, Innovation, Empowerment,

  Capacity building

There will be no development if the citizenry are not empowered to take responsibility for their survival and well-being. The more empowered the citizenry, the more developed and independent the populace and the economy. Empowering the citizenry is not just the responsibility of the government alone. Consequently, Masterpiece Consultant Limited takes the initiative of empowering person(s) and organizations through partnered trainings and conferences which are organized to inform and improve skills of participants all in bid to effect positive livelihood changes. Some of themes of trainings and conferences include; ICT and Social Media application to businesses, Employability and Entrepreneurship skills, Public speaking and Etiquette, Proposal writing, Project management principles, the art of Negotiation and Networking, Wealth generation, accumulation and sustenance. Consequently, partnerships are made with certification boards to train clients and trainees quarterly in areas of project management, Microsoft office tools, web designing among others.

Business Support and Development

Business Marketing, Branding and Advertisement

With an ever increasing population of over 150 million person(s) in Nigeria spread across the income-earning classes having an unlimited number of needs and wants, the market is inexhaustible.  We at Masterpiece Consultants Limited believe that manufacturers, developers and service-providers need extra efficient and effective alternative marketing strategies to support laid down operational marketing plans in view reaching a larger part of population for profit optimization. Masterpiece Consultants Limited therefore acts in the capacity of an appointed external business support provider with the sole responsibility of meeting sales target by identifying emerging markets and engaging them, branding or re-branding business outlook perception by customers and creating simple but capturing adverts in view to harnessing strengths of businesses and providing affordable cost of consumption for the citizenry.

Also, with our innovative styles of “Outright purchase” and “Installment payment plan” for buyers/consumers of products and services, Masterpiece Consultants Limited offers businesses cheap and flexible marketing cost, wider consumer base, innovative business opportunities, secured and regular cash inflow, free consultations, free advertisement and free update of economic opportunities.

Creating investment opportunities puts Masterpiece Consultants Limited foremost among peers. In this regard, Masterpiece Consultants Limited turns innovative ideas into immaculate projects for the benefit of all its targeted audience. This we belief will not only increase wealth of our citizenry but will translate into economic development.

             Business idea development, proposal writing and Consultation

At Masterpiece Consultant Limited, we nurture and develop ideas of clients (individuals, and organizations). This package is intended to address the challenge of expression of ideas and how to get the funds for its execution. We write winning proposals and give viable networks/platforms for our clients to initiate business idea or partner with corresponding business. This is subject to the nature of idea, goals and features of business.

Get a feel of our services today.

Business Support and Development

Business Marketing, Branding and Advertisement

With an ever increasing population of over 150 million person(s) in Nigeria spread across the income-earning classes having an unlimited number of needs and wants, the market is inexhaustible.  We at Masterpiece Consultants Limited believe that manufacturers, developers and service-providers need extra efficient and effective alternative marketing strategies to support laid down operational marketing plans in view reaching a larger part of population for profit optimization. Masterpiece Consultants Limited therefore acts in the capacity of an appointed external business support provider with the sole responsibility of meeting sales target by identifying emerging markets and engaging them, branding or re-branding business outlook perception by customers and creating simple but capturing adverts in view to harnessing strengths of businesses and providing affordable cost of consumption for the citizenry.

Also, with our innovative styles of “Outright purchase” and “Installment payment plan” for buyers/consumers of products and services, Masterpiece Consultants Limited offers businesses cheap and flexible marketing cost, wider consumer base, innovative business opportunities, secured and regular cash inflow, free consultations, free advertisement and free update of economic opportunities.

Creating investment opportunities puts Masterpiece Consultants Limited foremost among peers. In this regard, Masterpiece Consultants Limited turns innovative ideas into immaculate projects for the benefit of all its targeted audience. This we belief will not only increase wealth of our citizenry but will translate into economic development.

             Business idea development, proposal writing and Consultation

At Masterpiece Consultant Limited, we nurture and develop ideas of clients (individuals, and organizations). This package is intended to address the challenge of expression of ideas and how to get the funds for its execution. We write winning proposals and give viable networks/platforms for our clients to initiate business idea or partner with corresponding business. This is subject to the nature of idea, goals and features of business.

Get a feel of our services today. 

Our Real Estate Services

Masterpiece Consultants Limited is engaged in sales and rentals of lands and buildings in the Federal Capital City. Having direct briefs and instructions, we pride ourselves on being legit and professionals. We are steadfast in providing excellent and informed investment choice for real estate investors-foreign or local. 

Take a look.

We offer the following services;

a)      Sales and Lease back transactions: this investment option simply gives the option of selling a property when in distress and leasing it back wholly or in parts by the owner. This presents such owners the advantage of retaining ownership of properties and extending the time for recoup. This solely for commercial properties held for investment purpose. Become our Client today.

b)      Owner-investor development option: Here, property owner when in need for capital for completion of property, renovation/refurbishment or restructuring is provided with a financier(s) for an agreed percentage of rent for a number of years. The percentage of profit sharing and extent of part ownership depends on the level of involvement of the financier(s). This is investment option is strictly for commercial properties commanding rent and large residential estates in Abuja.

c)      Agents and consultants: Masterpiece Consultant Limited is happy to acts as trustworthy agents and consultants for clients. We let, sell and manage properties while giving expert advice on real estate happenings and its economic implications for clients as well as bonus services to clients and tenants alike. Need a property real quick? contact us today.