We seem to have forgotten that the economy has been bad before and we’ve survived. There has been an ebb and flow to the cycles of business for as long as there has been exchange of goods in the marketplace. It goes up and it goes down. Around and around. Season after season.

We seem to have forgotten that in the scope of history, it wasn’t that long ago that people left their home country to reach a new world of opportunity. They blazed trails into the wilderness. Instead of focusing on how bad it was or how there wasn’t a governmental agency out there prepared to underwrite their endeavors and make everything OK, or extended unemployment benefits, they pulled up their boots, focused on the positive and the possibilities and got to work. They made a way when there seemed like there was no way.

We seem to have forgotten that it was only about 100 years ago that the majority of the population was self employed. They didn’t wait for someone else to assign their value to a salary and a desk; they looked for the needs in the marketplace and came up with creative ways to fill them.

I think it’s pretty obvious that “things” will never go back to where they were 5 years ago. But rather than let the newspapers and pundits write your story for you, take control of your life and write your own story. Don’t you think you’d do a better job than some corporate CEO whose focus is his own company’s bottom line?

Once upon a time, there was you. Where are you going from here?

http://tinyurl.com/36tfsns

Happy Entrepreneuring!!

Katherine

Time is like water. Water can’t ever be completely controlled. We might throw up a dam and think it’s under control, but that’s when a crisis will happen and we’re faced with either a flood or a drought on one side of the dam or the other.

Finding the balance is tough, but crucial. If we hoard the water above the dam (worklife) so we can get a lot done, the land below the dam (homelife) will dry up and die. If we let too much water flow downstream, we don’t have enough resources above the dam.

Planning our time is the cornerstone of good time management. Otherwise, you’ll be like me and turn around and time has floated downstream without much to show for it. Over-planning is just as dangerous and you can start to feel like a slave to the calendar and resentful and when that happens, we start sabotaging ourselves.

So, for me, it’s back to a schedule, with time for work and time for family and a little bit of room to let the water flow and do its work in case Mother Nature sends me a rainstorm.

But,

I’m sure all of us have a story about the day we realized that it wasn’t OK to be different. Maybe someone made fun of us wearing our rainbow colored tights every possible time we could sneak it past our mother. Or maybe we started wearing glasses at a young age and were gifted with the moniker of 4 eyes. Or maybe we liked books instead of sports. Or maybe we had curly hair that simply would not behave no matter what we did.

All it took was one finger pointing, one sing song taunt, one snickering laugh behind a cupped hand whispering in someone else’s ear with glances in our direction. We learn at an early age that blending in is good and standing out is bad.

A wise few buck the norm and cling to their individuality. But for most of us, the message is reinforced over and over. It’s impressed on us in grade school and high school and college. Even in the workplace conform to corporate cultures and dictates.

But,

When we decide to make the leap into owning our own business, it’s time to tap into our uniqueness again. We need to recognize our differences and turn them into assets and ways to connect with our clients on a deeper level.

We need to use our quirks and isms to help us stand out from the crowd instead of blending in with the other companies in our field.

Hold up a mirror to your life and find the things you’ve been trying so long to push down and start pulling them out – Every joy, every heartache, every guilty pleasure, every passion, everything that makes you smile or cry. Tap into the unique creation that you came into this world as.

Not only will you connect with your clients better, but you will find more joy in your work than you thought possible.

Happy Entreprenuring!

Katherine

The following are some sources for funds that can be used for your business needs:

1. Personal savings – Many start ups rely on savings to finance their business. This is the most cost effective source of funding but you need to use wisdom. Don’t put your family’s future in jeopardy by blowing through your life’s savings.

2. Bootstrapping – This is a method of self reliance that is also very cost effective. Money produced is poured back into the company to avoid the need for outside funding. This also means that growth has to be controlled so that costs can be controlled, which in my view, is a good thing. Uncontrolled growth can create a whole host of problems.

3. Family and Friends – Oftentimes, loved ones can provide funds for a start up entrepreneur. However, proceed with caution; these relationships are the most important in your life.

4. Small Business Administration – The Small Business Administration has a loan guarantee program where, if you’re approved, they will guarantee a portion of your small business loan.

5. Bank Loans – This is a more traditional form of financing. Bank requirements have become quite stringent and you may have to supply personal assets as collateral.

6. Investors – Securing funds from an investor is difficult, but not impossible. An investor will provide funds, either their own (angel investor) or those from a managed fund (venture capitalist), for your business. In return, they often expect not only debt repayment but also ownership equity in your business.

Happy Entrepreneuring!

Katherine

HANDBOOK for 2010

Health:
1. Drink plenty of water.
2. Eat breakfast like a king, lunch like a prince and dinner like a beggar.
3. Eat more foods that grow on trees and plants and eat less food that is manufactured in plants.
4. Live with the 3 E’s — Energy, Enthusiasm and Empathy
5. Make time to pray.
6. Play more games.
7. Read more books than you did in 2009.
8. Sit in silence for at least 10 minutes each day.
9. Sleep for 7 hours.
10. Take a 10-30 minute walk daily. And while you walk, smile.

Personality:
11. Don’t compare your life to others. You have no idea what their journey is all about.
12. Don’t have negative thoughts or things you cannot control. Instead, invest your energy in the positive present moment.
13. Don’t over-do. Keep your limits.
14. Don’t take yourself so seriously. No one else does.
15. Don’t waste your precious energy on gossip.
16. Dream more while you are awake.
17. Envy is a waste of time. You already have all you need.
18. Forget issues of the past. Don’t remind your partner with His/her mistakes of the past. That will ruin your present happiness.
19. Life is too short to waste time hating anyone. Don’t hate others.
20. Make peace with your past so it won’t spoil the present.
21. No one is in charge of your happiness except you.
22. Realize that life is a school and you are here to learn. Problems are simply part of the curriculum that appear and fade away like algebra class but the lessons you learn will last a lifetime.
23. Smile and laugh more.
24. You don’t have to win every argument. Agree to disagree.

Society:
25. Call your family often.
26. Each day give something good to others.
27. Forgive everyone for everything.
28. Spend time w/people over the age of 70 & under the age of 6.
29. Try to make at least three people smile each day.
30. What other people think of you is none of your business.
31. Your job won’t take care of you when you are sick. Your friends will. Stay in touch.

Life:
32. Do the right thing!
33. Get rid of anything that isn’t useful, beautiful or joyful.
34. GOD heals everything.
35. However good or bad a situation is, it will change.
36. No matter how you feel, get up, dress up and show up.
37. The best is yet to come.
38. When you awake alive in the morning, thank GOD for it.
39. Your Inner most is always happy. So, be happy.

Lose 100 lbs in four months.

Make a million dollars in a week.

You get the idea.

Is it possible? Sure.

If you’ve ever watched The Biggest Loser you’ve seen people lose 100 lbs in four months.

But they have put their entire lives on hold to focus on that one area of their lives.

I personally know folks that have made a million dollars in a week.

But they didn’t start out making that kind of money. Nope, most took about 10 years to grow to that point.

Is going big the only way to go? I don’t think so.

I think that too often we get it in our heads that unless we’re able to “Go Big” we shouldn’t even try. Or we try to “Go Big” and get overwhelmed.

Why can’t we just “Go?”

I’m of the opinion that any progress is good. Sometimes it’s small steps but at least we’re moving forward. Actually, I believe that compounded small steps add up to BIG change. Not only big change, but LASTING change.

You might not lose 100 lbs in 4 months, but you might lose 20 lbs in those 4 months just by eating a few less bites and moving a few minutes more each day.

You might not make 1 million dollars in a week, but by focusing on your business consistently and making small steps of progress, you might make an additional $10,000 this year.

I don’t know about you, but 20 lbs less and $10,000 more is better than finding myself in the exact same place in a year. Or even worse, 20 lbs heavier and $10,000 more in debt because I tried to make some huge effort and failed…and gave up.

So, as you look to 2010 and start picturing what you want to accomplish I encourage you to DREAM BIG, but break it down into small, realistic steps.

Just go.

For the most part, the input was excellent. But there was one response that surprised me.

“If at first you don’t succeed, quit.”

I know, right? I mean, I had to read it a couple of times to make sure I read it right.

Perhaps he was just being facetious. Perhaps not.

As entrepreneurs…or really even as human beings…we’re going to come up against obstacles. We can either use the obstacle as a convenient reason to quit. Or we can see them for what obstacles really are – opportunities.

Opportunities for growth.

Not all obstacles can be overcome, but they still provide room for growth. Just as a poker player analyzes the table to decide whether they should stay the course, raise the stakes or fold, we need to analyze what lies in our path instead of reacting by immediately throwing in the towel.

“Keep moving forward!”

That’s one of the many messages of the movie, but it’s my favorite. In the movie, Lewis wants to give up when his experiments don’t work out the way he wants them to. Then he meets a family that helps him understand that failure is useful and should be celebrated as a learning experience rather than a reason to give up.

I’d been frustrated because I hadn’t been able to allocate my time the way I wanted and development of a product I’m working on kept getting pushed to the background. I always try to make the best of any situation, but I was fighting the urge to be a little whiney and wallow in the frustration.

Do you ever feel frustrated when your plans get waylayed? Tired of pushing, especially when it doesn’t look like you’re making a whole lot of progress? In the beginning it can look like that a lot. And in the middle. And 10 years down the road.

It can feel that way, but Keep Moving Forward. Even if it’s baby steps. Those baby steps will add up to ground covered and eventually position you to take the leaps when the opportunity appears.

Happy Entrepreneuring!

Katherine