Sick of Making Mistakes 3 Times Over?

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2774810465 146ebe82f4 Sick of Making Mistakes 3 Times Over?Entrepreneurship is a hard game to play by yourself.  Actually, there is no game by yourself.  Crack out your Monopoly board game, pick your favorite shiny piece and roll the dice.  See how much fun you will have playing by yourself. 

Business is a game just like Monopoly. You have to learn how to play from somewhere.  You usually learn from sitting on the sidelines a few rounds or having someone actually teach you play by play how the game works.

There are certain rules to the game.  If you just tried to jump in and play, you are bound to make mistakes.  These mistakes can be costly.  Maybe passing up on property because you think you can’t afford it.

When you have been in business for a while, there comes to a point in business where many of these mistakes are not fun anymore.  Especially when they could have been avoided with some simple advice.

10 Reasons Young Entrepreneurs Fail

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turdles1 10 Reasons Young Entrepreneurs FailWe hear all too much about what you have to do to become successful.  I have discovered one proven way to become successful…Fail often.

How do I know this?  Well, we won’t get into that right now.  I have come to terms with distinct character traits that hold back young entrepreneurs and when repeated, will definitely keep you from succeeding in your business and life in general.  I’d like to say thanks to Russell Yermal for his contributions on this article.

Lack of Punctuality

Being on time, every time, is a necessity in business.  If you cannot keep your word, you cannot be trusted.  Successful people will instantly make a judgment on your character through your punctuality.  Once you have a respect for your own time, you create posture and people will start to respect yours.  Purchase a day planner to organize you schedule and make a to-do list every night before bed.

25 Life Lessons In My First 25 Years

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3690280529 9c5080da8f  25 Life Lessons In My First 25 YearsIt’s 10:18pm and I am 30,000 feet up in the air with Dave Matthews Band in my headphones.  My 25th birthday is 26 hours away (it is today-I wrote this on Friday) and I am heading down to hang out with my friend who is putting on an event called “Creating Your Millionaire Identity”.

I would have never thought in a million years I would be sitting where I am right now, let alone be still kickin’.  I really was an careless punk through my teens and early 20’s, really having no direction in life.  But, I am still here and I am happier than ever.

The most amazing breakthrough I have had in my first 25 years, has been the awareness realized of my position in life.  There have been several significant changes I have made carving out my new path.  I am writing this post more for myself to anchor what is important to me.

The Most Costly Mistake In Business: 5 Lessons In Punctuality

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2444821123 1ddea9aeba1 300x220 The Most Costly Mistake In Business: 5 Lessons In Punctuality

You are driving to meet with a potential client for a noon appointment at Starbucks.  You get there and grab a moca frappa latte and claim one of the small tables while you wait upon their arrival.  11:50… 11:57… 12:01… 12:05… and still a no-show.  You decide to stick it out for a few minutes giving them the benefit of the doubt until it is 15-minutes after.  Finally, your guest comes rushing through the door saying, “I am sooooooooo sorry to keep you waiting.

Like you had anything better to do, right?  They come up with some lame excuse on why they were late.  You may hear, “My dog peed on my leg and I and to clean my pants.” Or something like, “My G.P.S. gave me the wrong directions.

5 Young Entrepreneurs Who Can Teach You Overnight Credibility

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2818417291 662ae5d07a 237x300 5 Young Entrepreneurs Who Can Teach You Overnight CredibilityNot long ago, was I that young whippersnapper who thought he knew everything about business.  Always, I felt as if I would have to know everything or else people would not take me seriously or consider me weak.  Some may want to call it cocky.  Whatever you call it, that was me.  And it didn’t get me far. Actually, it got far enough to make me a lot of money and then caused me to go broke.

To all you know it all’s out there, stop reading and click here.  For those who feel that they everything to learn, I want to shatter the objection of having no credibility for every young entrepreneur, right now.  Time and time again, people ask me how to become an expert in something, without any business knowledge or experience, and gain the trust from their new audience.  How does one get past this road block?  The last thing we want to do is sound like an idiot talking about a topic that we don’t have a deep understanding about.

Cover Your ASSets: 3 Critical Health Insurance Mistakes Most Young Entrepreneurs Make

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361586663 8e04f6a1ba 225x300 Cover Your ASSets: 3 Critical Health Insurance Mistakes Most Young Entrepreneurs MakeA Note From Bradley: I recently sat down with a friend and client of mine, Butch Zemar.  Butch owns an insurance agency and I asked him to share some of the biggest mistakes young business owners make when it comes to insurance.  That turned into asking him to write a guest post because I just happened to be making these mistakes!

Health insurance is not a sexy topic for most young entrepreneurs. Most jump into things too fast, just to get some in place and they are ready to move on. In order to protect everything you are working for you need to take a small amount of time to plan ahead. Spending a little more time on planning can prevent something drastic from happening to you and your business.

Oblivious to What They Bought

Money, Sex & Partying: Considering Entrepreneurship? Fat Chance Without Sacrifices

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sex at work 300x199 Money, Sex & Partying: Considering Entrepreneurship? Fat Chance Without SacrificesHere is an idea for a game show. It’s called “Who Wants to Be a Entrepreneur?“. We get to take a snapshot of the contestant’s lives and who ever makes the most sacrifices, wins! Woo-whoo! And what do you win? A life of more sacrifice, commitment, discipline and hard work with the slight possibility of making it big.

Don’t we all want to live the good life? Obviously, behind great success, lies greater sacrifices. I can say confidently, that many young entrepreneurs are not prepared for the journey that lies ahead. Either was I. While starting my first business, I thought all the money would just flow my way and I would be out playing while all my friends were working. Boy, was I in for a rude awakening.

61 Things I Have Learned So Far This Year

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3369136238 ee12264256 253x300 61 Things I Have Learned So Far This YearWhile feeling like I am moving at the speed of light, I wanted to slow down for a second and take some time today to reflect.  There are days these past few weeks where I have been working so hard at points that I feel delusional.  Maybe that is from the 18-19 hour work days (I will tell you why at the end of this post).  I have grown tremendously as a person and in business, yet sometimes feel like the guy to the right with all the mistakes I have made.  I have come to understand that my failures are part of the process so I wanted to share with you what I found.

So far, this year I have learned…

  • Eating a bunch of bananas in one day is too many bananas.
  • Spend a few extra minutes developing a well thought out plan.

Why Your Saturday Is Like My Tuesday

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2009 07 26 2148 300x253 Why Your Saturday Is Like My TuesdayWe all know the routine well. We all are OR we all were young at one point. A hellacious work week leads to a weekend of “letting loose”.  It usually involves the excessive consumption of various cocktails, maybe a little dancing, some good music, sexy people and several more cocktails.  That was the routine for me practically every weekend from 17-22.  Don’t ask me how I got into the bar or why I was even drinking before I was 21.  Wait, you can just call it COLLEGE.  I was not as innocent as I look. icon wink Why Your Saturday Is Like My Tuesday   It was fun from what I can remember. I would not trade it for the world.  Would you?

Do Young Entrepreneurs Struggle with Group Collaboration?

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The last poll conducted on my blog, asked young entrepreneurs “What is the biggest challenge in your business?”  After wrapping up and reviewing the results, I found some interesting data.

23% of readers saw their biggest challenge in business as finding like minded people to mastermind.  Similarly, 22% find themselves having trouble staying motivated. I will come back to this.

An almost equal percentage of people feel their biggest challenges are finding a mentor, battling negative influences, time management and finding their passion.

2009 07 23 0033 Do Young Entrepreneurs Struggle with Group Collaboration?

Survey respondents: 118

Now, I included masterminding in here because it is a big part of my business.  I am at an accelerated growth rate because of the people I surround myself with.  In relation, I stay motivated because the passion for what I do is strong, but more also from group collaboration.  I find it so inspiring to partner up with like minded people to help each other profit, grow and complement the others weaknesses.