Entrepreneurs don’t hire people

Hiring staff can be quite gratifying to the ego. “All these people work for ME!”Successful entrepreneurs understand the need to keep staff numbers to a minimum. Here’s why: HR issues You want to spend your time building and selling. Not settling squabbles over sick leave allowances and salary advances.The more staff you have, the more…

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Entrepreneurs don’t panic

I recently had a minor travel disaster. Flying back from Colombia, I had been booked via New York to Joburg. As I was checking in at Bogota airport the attendant asked me for my USA visa. Me: “I don’t have one, but not to worry, I’m not leaving JFK, I’m connecting to SA.” She looked…

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Entrepreneurs are humble

Humility is not about going to heaven. Its about staying ahead of the competition.The moment an entrepreneur becomes arrogant so does his company. When a company becomes arrogant it becomes complacent. It closes its mind to new ideas. It underestimates the competition. It stops innovating.It stops being paranoid. It fails.Successful entrepreneurs remain humble.Being humble is not a…

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Entrepreneurs don’t let noise distract them

Some people need to read the newspaper every day, find out what’s going on, always be chasing the latest trend.These people are not entrepreneurs.Entrepreneurs build stuff. If you’re going to build something you can’t be distracted by the media or competitors or opinion.A true entrepreneur knows what he’s doing. It doesn’t matter of other people…

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Entrepreneurs have the courage to fight, follow and lead

It takes guts to be an entrepreneur. You must overcome the fear of failure, the fear of embarrassment, the fear of pain.You don’t need courage if you don’t feel fear. The fearless are not worthy copying. They have no courage.Rather copy the cowards that have overcome their cowardice.You need three kinds of courage: The courage to follow…

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Entrepreneurs balance work and family

I once made the mistake of letting work consume my life, resulting in me neglecting my family, and forcing me into a corner where I had to one day make a choice:Work or family.The choice is simple. Family first, always. But being forced to leave your business is not a successful outcome for any entrepreneur.Since…

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Entrepreneurs can’t stop the future

There are obvious ways to stay alive in business: Spend less than you make. Don’t break the law. Keep your promises. Focus. But there are some other tricks to survival… Don’t make enemies There are exceptions to this rule, but generally it doesn’t pay to have enemies. If you don’t like someone don’t confront them. Just…

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Entrepreneurs have a sense of humor

If you’re an entrepreneur without a sense of humour, not only will you be unhappy, but your business will fail.Entrepreneurs can: Laugh at themselves The moment you take yourself too seriously you set yourself up for failure. The secret to success is to always have humility. That way you have an open mind and can absorb…

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Entrepreneurs don’t try. Entrepreneurs do.

“I tried my best” is a line for the corporate world. It’s a line for a world where someone will bail you out, where you can use excuses to cover failure, where you can blame others, where you don’t need to worry about your paycheque.Entrepreneurs don’t live in that world. Entrepreneurs know that “try” is…

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Entrepreneurs choose sides

Some people are always sitting on the fence. Always keeping their options open.Generally, this is a winning strategy. Choosing sides means making enemies, and business is hard enough without having enemies trying to stop you.If you’re lucky you can go through life without making a call. You can perch atop the post and play the…

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Entrepreneurs understand the difference between respect and ego

Sometimes you can feel disrespected by your client. He takes calls during your meetings. He always keeps you waiting. He never returns your messages.Sometimes this behaviour is due to true lack of respect. Maybe your client has no consideration for your time or needs. Maybe your client simply doesn’t like you.Whatever the reason, life is…

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Entrepreneurs build longer runways

If startups are like planes then cash is runway. More cash = more runway.The secret to starting a business is having enough cash so that your plane can take-off before you run out of runway, and so that your plane can stay in the air…There are three factors that affect your runway: Savings Simple. The more…

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