Tips for Entrepreneurs – #2
In business, there is no safety net. Successful businesspeople don’t rely on manipulating markets or government regulations—they have to find their own internal motivation and use it to propel themselves forward, whether to create financial prosperity for a family or community, support a cause they’re passionate about, or bring an innovative idea to the world. Self-motivation helps entrepreneurs ignite the drive needed to push through challenges when the going gets tough.
Self-motivation is the key to success and will achieve powerful results.
Featured as Tip number 1 in my book, The Evolution of an Entrepreneur.
From the Jack Nadel Archives
In my role as a mentor, I have given strong advice to an individual that, if carried out, would have produced a successful deal. In some cases, however, that individual did not have sufficient self-motivation to take the steps I recommended. I learned that many people lack the strength of their convictions, which leads to failure. No one can teach self-motivation…either you have it or you don’t.
How Does This Tip Apply Today?
Imagine being fired from your job as a magazine editor because you “lack imagination” and “have no original ideas.” The last thing you would likely do is start an entertainment company, but that’s exactly what Walt Disney did. This entertainment company soon went bankrupt, forcing Disney to partner with his brother, Roy, in starting the company that would become the Walt Disney Company. At almost every stage of its early life, the Walt Disney Company was discounted.
It had trouble with financing, and distributors literally laughed at the idea of animated cartoons with sound. But Walt Disney could not be dissuaded from his goal of creating a movie and entertainment company. Luckily for families everywhere, Disney’s passionate pursuit of his vision resulted in the creation of one of the world’s most well-known and beloved brands.
Tips for Entrepreneurs
This post is part of my regular “Tips for Entrepreneurs” blog post series, featuring shared experiences and wisdom from my career as a global entrepreneur that I outline in an easy to understand tip format with a brief story/snippet from my own business experience, as well as a current anecdote about how this tip applies in today’s business environment. These entrepreneurial tips are also featured in my award-winning book for entrepreneurs, The Evolution of an Entrepreneur, featuring 50 of My Best Tips for Surviving and Thriving in Business.
Referenced for How Does This Tip Apply Today? materials: “The Walt Disney Company History,” Funding Universe, http://www.fundinguniverse.com/company-histories/the-walt-disney-company-history/