Showing posts with label Personality. Show all posts
Showing posts with label Personality. Show all posts
Winners According to Donald Trump
Posted On Wednesday, October 27, 2010 at by Sun Jun
Do you have what it takes to succeed in Business and Life? In his years of mingling with top celebrities, billionaire businessmen, superstar sports figures, and successful people in general, he noticed that these people have traits that set them apart from 98% of the rest of the world. Their attitudes, actions, persistence, and passion, plus a whole slew of other qualities separate the winners from the losers. According to him there's a formula that these top 2 percent live by and that these can be followed by everyone else as well in order to be successful.
Here are the traits that successful people possess and portray according to Donald Trump:
- Successful people are honest with themselves. They are able to get out of the ideal fantasy world that magazines and televisions portray. The only way to get rich is to be realistic and brutally honest. It can sometimes be tough, and people may get hurt. You have to be willing to kick ass if you want to win. People are going to try to steal from you and destroy you just for the fun of it. You have to stand up to them, fight back, and kick their ass.
- Successful people think and dream big. Dream big because what you dream is what you will do. Your dreams will lead you to the right actions.
- Successful people are not shy when it comes to making tons of money. Set a big goal and don't be shy to make a lot of money.
- Successful people are lean and hungry. They set even higher goals at every level in order to challenge themselves. Continue setting bigger and bigger goals as you go along your journey.
- Successful people take action every day. They stay focused for the long haul.
- Successful people continuously improve and learn. Soak up more and more knowledge so that you will always know what you are doing.
- Successful people are proud of their abilities. Pride yourself on your ability to find creative solutions to tough problems.
- Successful people are passionate about their work.
- Successful people never take No for an answer. They are persistent.
- Successful people knows how to trust their gut. learn to trust your gut.
- Successful people know how to hire the best people but don't trust them.
- Successful people know how to get even with the people who do them wrong.
- Successful people never stop focusing on their objectives even when things are doing good.
- Successful people always get a prenuptial agreement. (^o^)/
I would say that some of these traits enumerated by Donald Trump are quite radical but true, nevertheless. It shows how his advices are actually based from his own experiences, especially the last one. (^o^)v Although I wouldn't normally promote being vengeful and taking revenge, it is also true that there are people in the world whose only goal seems to be to destroy you just for fun. More than taking revenge, I guess what Mr. Trump is really trying to say is to know how to defend yourself and fight back when people cross lines. Or is this just me not being realistic and honest with myself? Hmmmm .... I might be breaking the first rule in his list! Oh no!
I've learned a lot from this list and I'll take into practice what is applicable in my own experience as I go through my journeys in life. I hope you will do the same. (^o^)/
Source: THINK BIG: Make it Happen in Business and Life by: Donald Trump and Bill Zanker.
Mang Inasal's Entrepreneurship is all about Attitude
Posted On Wednesday, October 6, 2010 at by Sun JunNothing is impossible with the right attitude. Do not be intimidated by problems. Instead, look at them as opportunities for growth.
Insights from Mr. Edgar J. Sia II, Entrepreneur of the Year 2010 Finalist, and CEO and Chairman of Mang Inasal Philippines, Inc.:
- Market research is helpful. Before putting up Mang Inasal, the company conducted market research in 16 different regions in the Philippines. The research purpose was to find out the different culinary traditions and eating habits of Filipinos nationwide. As a result, they found out that barbeque or inasal in Ilonggo was the type of food with the most potential and mass appeal.
- Early exposure to entrepreneurship is beneficial. Mr. Sia was lucky to be born in an entrepreneurial family. He was exposed to the family business early on at the age of 10. By the age of 20, he was already managing several businesses.
- Aiming high and Thinking BIG! While coming up with the business concept, Mr. Sia made it a point to start a business that had a potential to expand nationwide. In just 3 years he was already able to open 20 branches. And finally in 2005, he started franchising the business. Now, there are around 260 branches nationwide.
- Continuous improvement and development. Despite its success, Mr. Sia knows that a lot can still be done to make the business bigger. The company has a research and development team specifically tasked to ensure the consistency and quality of their food across all branches.
- And most importantly of all, he has that never-give-up attitude which was depicted in his statement above. With the right attitude, one can be a successful entrepreneur (or any other profession for that matter) like Mr. Edgar Sia II. "Attitude is Altitude!"
Source: Business World Online.
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Overcoming Fear: Business Start Ups
Posted On Friday, August 28, 2009 at by Sun JunAt the top on the list of excuses why most professionals do not start their own business is fear. Fear can be paralyzing. It can discourage people to act on their otherwise great ideas. And avoidance is not the answer. Here are some tips to help you overcome fear and get started on your start up business:
1. Remember that you can start slowly.
Remember that your start up business doesn't have to be big. Quitting your day job and starting a business right away would give anyone nightmares. You don't have to do it this way. Gradually transition from being an employee to becoming an employer. Give yourself time to think, plan, and work on potential problems. This should help lessen your anxiety.
2. Seek Help.
Remember that help is always available. And most of the time this help is FREE! Do not be ashamed to ask for help. You can approach your family and friends, visit entrepreneurship websites, visit the local chamber of commerce, your professors in college, and even government agencies.
3. Plan.
Nothing beats a well thought out business plan to help alleviate your fears. If you can come up with a good business plan, right there and then you would know the viability of your business. Knowing that your business is highly viable and profitable will surely help in easing out those nerves. It may even give you confidence!
4. Expect the Unexpected.
Accept the reality that starting a business entails a lot of risks. Knowing this will help you prepare for the time when it does come.
5. Put fear to work.
Use fear as a motivator. Remember that most successful entrepreneurs have been afraid at one time or another. Use your fear to push you to work harder to get your business up and running.
6. Build a support network.
Talking to fellow entrepreneurs who have walked the same path you're about to embark on can help assuage your fears. Attend conferences, join associations, and talk with others who started as you did but who have moved on to the next step.
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An Entrepreneur's Mindset
Posted On Monday, July 13, 2009 at by Sun JunWhat sets apart a business owner from an employee? A lot has been written about what personalities and traits make up a good entrepreneur. On the first session of my Development of Enterprise class, that was exactly what was discussed by our professor. Coming from someone who is not only a business start up consultant but someone who actually started and managed a lot of businesses himself, I found some of his insights really interesting. Here are what he thinks encompasses an entrepreneur's mindset.
An Entrepreneur's Mindset
1. Ask
An entrepreneur knows how to ask. He is not ashamed to ask people, even those that he barely knows, what their secrets are. He is eager to learn trade secrets hoping to be able to apply them in his business ventures as well. Our professor also noted that you'll be surprised to find out that a lot of entrepreneurs are actually more than willing to share their knowledge if only people knew how to ask them.
2. Reciprocity
Entrepreneurship requires reciprocity. Based on his experience, he related that sooner or later you would be put in a situation where in you need to ask someone a favor. He then added that when that someone grants you your favor, be ready to return it someday. This is what he called reciprocity. I believe this is quite true. This even happens among friends. Although I do believe it, I'd like to think that there is a limit to the favor one can ask from somebody else, especially when the favor being asked from you is already encroaching on your moral values.
3. Opportunist
An entrepreneur is an opportunist. He strolls along and sniffs out opportunities available in his environment. He then capitalizes on these opportunities. Labeling an entrepreneur as an "opportunist" connotes a bit of negative image. I'd like to disagree with our professor and say that an entrepreneur is an "opportunity seeker" instead. I believe an entrepreneur is not only someone who knows how to start a business but is also someone who strives for what is good for the community. In this sense, although he seeks opportunities in the community, he should only try to grab hold and capitalize on opportunities that will be beneficial to all stakeholders.
4. Resourceful
An entrepreneur is very resourceful. Faced with a daunting task infront of him, an entrepreneur is able to adjust and to look for ways to accomplish the task. Amidst limited resources, he is able to find ways to produce enough for the task at hand.
5. Optimist
An entrepreneur is an optimist. He sees the glass as half full. He finds beauty and opportunity in everything. He is not easily discouraged.
6. Persistent
An entrepreneur is persistent. He knows that failure is part of every success. He doesn't let a minor set back discourage him. He perseveres and continues on with the journey until he achieves success.
As a final note, our professor commented that all these personalities are interconnected and that they measure how much you love your enterprise. Intensity comes with your passion and love for your business.
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Top Excuses Why You Haven't Started Your Business
Posted On Wednesday, May 27, 2009 at by Sun JunEveryone dreams of owning and starting their own business. Who doesn't?! Over gatherings of colleagues, friends, and even families, you've probably already discussed thousands of business ideas. Ideas that you knew for sure would click and make it big. However, a lot of time has passed since then and you still haven't started any.
Here are some of the most common excuses we tell ourselves and how we can overcome them.
1. Fear
Throughout evolution, the human brain has been programmed to fear change. Every time something new comes along, our first reaction is to resist it. The same goes for starting a business. The moment we think of starting one, our brain thinks of things on why the business would fail or why it isn't a good idea. Among these are the fear of not being good enough, fear of losing ones income, and fear of failing, just to name a few.
- Fear of not being good enough
We fear that our experience and knowledge is not enough. We fear that nobody will avail of our services because we are young. We fear that people will laugh at our idea. We fear that we'll encounter something that we don't know how to handle. We fear that we'll fail.
There are a lot of things we can do to prepare ourselves for the challenges ahead. We can attend seminars, read informative blogs (like my site ^^), attend classes, read books, consult successful businessmen and so on. And we should always remember that experience is still the best teacher. There is no perfect way to prepare ourselves for something that we haven't done before. Like any other life challenges, starting a business and making it grow takes time, and it is during the process of doing things that we learn and master how to do things.
- Fear of losing ones income
Before you decide to resign from your work and jump right into starting your own business, you might want to check first if there's a market for your product. Try to find ways on how you can test run your business in small chunks. If you offer a service, try taking side jobs at first and see if their is enough demand for your service. If you offer a product, try marketing and selling a few batches first before mass producing. This way, by the time you decide to resign from work, there will already be another source of income flowing in.
As a last note about fear, remember that fear is not necessarily bad. If you can use your fear to motivate yourself to be better then it will bring you a lot of good. Fear is not good only when it leads to inaction.
2. Lack of Family Support
Coming from a family-oriented society, we normally consult our family and relatives before doing something major like starting a business. More often than not, if you come from a family who has no experience in running a business, they will not only not support you but discourage you to enter into such a venture as well. This can really take a toll at your confidence. Without their support, you hesitate and postpone your plans.
In order to prevent this, before consulting your family and relatives, do your research. Come prepared for battle. (^o^)/ Be prepared to be able to explain the nature of your business in simple terms. This goes especially for technology-oriented businesses. Explain them in terms that your family will understand. The key here is to make them understand. Once they understand, they will be more likely to give you their support. Who knows? They might even help you raise the capital that you need to start the business.
If you feel that your parents see you as a failure, the worst thing that you can do is argue your point. You will never win. The best way to prove them wrong is through action. Show them that you have changed through your actions. Success will be your best argument.
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Personal Factors to Consider when Starting a Business
Posted On Tuesday, August 26, 2008 at by Sun JunSome people are born natural entrepreneurs while some are contented with being an employee. Here are some personal factors that you need to assess before starting your own business:
- Risk Tolerance: Starting your own business entails a higher degree of risk than keeping a comfortable job. These risks include financial hardship, the prospect of bankruptcy and going out of business, and personal risks like not having enough time for the family. Before starting your own business, be sure you are prepared to accept these risks.
- Family Support: Ask your family whether they are willing to support you in your decision to start a business. Your chances of succeeding can greatly improve if you have your family's support behind you. Also, a non-supportive family can be very demoralizing and bring you more troubles and headaches.
- Health Insurance: Quitting your day job could also mean losing access to affordable health insurance. Be prepared to get your own or share it with your wife's policy. Having insurance is crucial for your physical and financial well-being. Simply said, if you are sick, no one will be there to run the business for you.
- Self-motivation: Being on your own, without having a boss give you orders, means that you have to keep yourself motivated. Plus, having no other employees or colleagues around can make for a lonely work environment. You must be prepared to look for that drive within you and not rely from others. On the other hand, lack of distractions may help you accomplish more in a shorter amount of time.
- Experience: The more firsthand experience and training you've had in your business field, the better your chances for success. You might consider working for a company in the the field you've chosen for a while or hire someone who has experience in the field.
- Weaknesses: You can't be a master of everything. Everyone has weaknesses. Learn to solicit the help of others, through skilled employees or personal advisors to complement your skill set.
