Let’s End The Year Off Right – with Bill Walsh

*Have you ever thought about becoming an entrepreneur but was too driven by fear to make that dream a reality? Maybe you were afraid of the hard work and persistence it takes to become a successful entrepreneur? Maybe you were afraid of the possibility of failure? Or maybe it was the possibility of success and the expectations that it would bring? The start-up life of an entrepreneur, the life that exists between the start of the journey and the destination, is never easy. It’s full of turbulence. You’ve got to be passionate! You’ve got to be willing to ride the waves to success! And lucky for you, I’ve got some more bits of entrepreneur inspiration to share with you from The Entrepreneurship Conference 2012 that I attended in November. The notes aren’t the best – I’ll admit that, it’s hard to re-enact such heavy words of wisdom from these millionaires into 4-5 sheets of paper, but my hope is that at least one thing jumps out at you guys from this screen that would help you to do things better, change your thinking or even revive that dream of becoming a wealthy entrepreneur. That goal has been accomplished time and again! If individuals like John D. Rockefeller, Henry Ford, Oprah Winfrey, Steve Jobs, Richard Branson, Tony Hsieh, and Mark Zuckerburg can defeat the odds and claim massive amounts of wealth and success, then so can YOU!*

bill-walshLast on our list for today’s entrepreneurship tips and hints is Bill Walsh. He’s the CEO & Founder of Business Coaching & Venture Capital Firm Powerteam International. His passion is to empower entrepreneurs and business owners to create massive success. He loves helping people understand specifically what it takes to build successful companies. He has a very accomplished background in finance and marketing. He has spent two decades working with a wide range of companies, from start-ups to major global brands; increasing sales, productivity and overall success. He is also an innovator with a remarkable ability to determine and dictate success strategies that seize global market opportunities. For everyone that owns a business or would like to capitalize the entrepreneurial dream, his message will enlighten them with knowledge and action principles to turn that passion into success! Here’s the wisdom he bestowed upon me in his talk called ‘The Foundation’. It’s about turning the dream into a reality and actually launching a business but a lot of what’s discussed below can apply to many other facets that need improvement in your life:

To Launch:

1)      Be a leader: People follow the leader, not the team

2)      Build a great plan: Be realistic about the numbers and what it takes to generate customers

3)      Create an exit strategy: Create a strategy that allows you to get out of your business if need be. Don’t tie yourself fully to it. After a while it would be necessary to let others hold the reins; and this is very important when it comes to either selling your business or letting it go if it’s unsuccessful, in order to move onto another project.

  • Create value for your customers– DON’T CHASE MONEY
  • BE FLEXIBLE
  • Co-ordinate an inside team & an outside team – DELEGATE
  • QUIT trying to do things you suck at! – If you try to do everything, nothing gets done.
To Market:

1) Marketing = 90% of business success

2) Build a website that makes money

3) Stop discounting your prices, simply add more value for your customers

4) No Money? Need Marketing? – Consider joint ventures. Find industry leaders that have a sphere of influence and believe in you and your business, and add value to them first.

5) Everyone is approachable – Don’t be afraid to make contact with profitable people in your industry. Just remember to add value to their lives first.

6) People want to know you before they get to know your product or service – Who’s the person behind the brand?

7) You are always on the air – Brand yourself to win! What’s your market pitch?

Customer Service:

1) Add tons of value & ask for nothing in return – Serve with no expectations

2) Your customers buy results – They always want to know what they’re going to get for their money

Personal Development:

1) When you work part time on your dreams, your dreams work full time for you

2) When opportunity shows up for you to step up your game – STEP UP!

3) If you have your priorities straight, everything else will fall into place

4) Schedule all of your success today – don’t plan for your failure

5) Don’t fear the dream – embrace it

6) If you don’t have a plan with a target, it’s simply a dream

7) A dream without a plan is a waste of time. It starts with a plan of where you’re going – date it! Where will you be a year from now?

8) If there’s no date, it’s not real! Date your goals and your dreams

9) To be successful you need to be on path & on purpose: Don’t lose your FOCUS

10) Many of us live someone else’s plan or dreams for ourselves– we need to step into our individual visions!

11) Your gut feeling = spiritual intuition: It guides you to where you’re supposed to be going, always listen to it.

12) Don’t start a business if you’re not ready to build it

Success starts today and it ALL begins with your mindset

Here’s what you can begin to do:

Plan: “A small piece of something really big is better than a big piece of something small” – It doesn’t matter how you start planning; JUST START!

Create a great experience for your customers – Keep them coming back for your service

Team: Have an outsource team and an insource team

Action: Stop surrounding yourself with negative people. Surround yourself with people smarter than you – make them a part of your team

Find a Big Cause: aka ‘The Bigger Picture’ – How can you use your success to help others? Do you want to get your family & friends out of debt? Do you want a better future for your children? Do you want to help save the environment or the world’s dying children? – Why do you get up every morning wanting to do what you do?

Forget-Me-Nots:

If you don’t own your space, someone else will! Be the best in class – become an expert at your craft!

You don’t have to be great to start, but you have to start to be great

Once you begin to elevate your game, there’s no going back – keep moving forward, don’t be afraid of success

Self-doubt is the ultimate killer of all small businesses

Small victories always add up to big success

Persistence + Failure = Success

Final Quotes:

“I’ve failed over and over again in my life & that’s why I succeed” – Michael Jordan

“When you think about success the way that you think about breathing, then success will show up for you” – Just as badly as we depend upon the air that passes through our lungs in order to survive, that’s how badly we need our determination to succeed to be. If you want it badly, your life will depend upon it.

(Bio courtesy Bill Walsh)

Live Your Passion:

I for one will be learning what it takes to become a good leader and embrace the success that I desire with open arms this coming year.

But what did you think about this post? Did you like it? What words of wisdom can you apply here for the changes you’ll be making in the new year?