Wednesday, March 4, 2015

….. is it true?


Forgive me if I speak of entrepreneurship in high and lofty terms. It is and can be both the best of things and the worst of things. It can both enrich and enslaven individuals. It can help and hurt family finances. Properly directed, however, entrepreneurship is almost always positive.

Entrepreneurship is a craft, an art form, and a developed skill. Once you both understand and develop entrepreneurial skills, you are immediately freed from a life of dependency upon others to make a living. In fact you become the gateway for 10, 100 or 1000s to earn their living. You become the key that unlocks their door to financial security. You actually and in a very positive way begin to feed the hungry and clothe the naked. You provide for your employees what they are unable or unwilling to provide for themselves, which is finding a need and filling it. They are unwilling to find it, yet, if you will show them where and how they will fill it.

Not every entrepreneur is a saint, a model citizen or should be trusted. Just as not every doctor, lawyer or government official is either. But entrepreneurs have some qualities that are worthy of emulation. They are willing to act, to put their money and their time, where their mouth is, willing to risk disappointment and possible failure to do something that has never been done before.  They are willing to solve problems, to fix things that are broken, to do something better, quicker, or in a new way.

This willingness to act, this propensity to act in the face of overwhelming personal and public pressure not to act is a character trait worthy of emulation and admiration.  It is what has made America great for 200 years.

Emigrants from Europe and other countries did not come to America looking for a job, a hand out, or to satisfy the status quo. No they came here looking for an opportunity to create a better life, both for them selves and for their families. They were willing to risk everything, even their lives to achieve it. And they did. They risked their lives, many died in their pursuits. Yet, many more survived and then thrived and out of that struggle, America became great.

Entrepreneurship is not a mystery or a game of chance, as many would have you believe. Entrepreneurship is vastly misunderstood and shrouded unfortunately in false myths. Almost everything you know or think you know about entrepreneurship is false and it is these false myths that keep many capable people from even considering starting their own business, and being free of the dependency on another. It is a shame; many great businesses are left uncreated because of the false impressions left by those that don’t know what they are talking about when it comes to being entrepreneurial.

Successful entrepreneurs are not lucky or are they just in the right place at the right time.  Entrepreneurs are not risk takers or gamblers willing to bet it all on a single turn of events or roll of the dice.  Oh, there are people like this that call themselves entrepreneurs that do these things, but they just fowl up the statistic and  give true entrepreneurs a bad name.

True entrepreneurs, those that will be around for more than a year or two, have developed their entrepreneurial skills, their craft. They are able to see problems that need to be fixed, solutions that need to be implemented. They are the ones that ask themselves “why not.” They have learned how to assemble resources and talented people. They have learned how to direct these resources to create value not only for themselves and their employees but also for their customers and suppliers.

Successful entrepreneurs recognize that their success comes from following basic principles that lead to success every single time. These principles are not secret or unknown. They perhaps change colors now and then, perhaps we call them by different names over the year, but principles of success in this and every other endeavor are bedrock principles that never change.

An so the craft of the entrepreneur is to separate the myth from the fact and to
seek out and identity principles that will lead to success. Once you have done this, your job is to develop your skills and grow your business or businesses. It is like learning to play the piano. You can learn to play a single song quite quickly, but to learn how to play the piano takes time and practice, but once accomplished you can play any song at any time.


Learn your craft and your craft will take care of you.

Monday, August 16, 2010

This is one of the best videos on pure entrepreneurship. It is 18 minutes, but it is great.

Ralph Little


Saturday, April 3, 2010

Entrepreneur Discussion Group is full

I am quite surprised that the discussion group I proposed last week is completely full and the waiting list is growing. Thank you for those that have responded to my invitation to attend.

Sunday, March 28, 2010

Entrepreneur Discusion Group
I am pleased to announce the formation of an informal Entrepreneur Discussion Group. The purpose of this group is to assist each other in the development and implementation of business ideas and opportunities.
The discussion group will be made up of no more than 20 entrepreneurs that meet each week to discuss and assist each other in their business opportunities. I will monitor the group and provide the physical facilities. Cost to attend is $10.00 an evening.
The first meeting will be held
Tuesday April 13 at 7:30 pm.
Little & Company
2022 South 2100 East
Salt Lake City, Utah
Bring a friend, bring an idea and lets see if we can help you get your business off and running.

Friday, October 23, 2009

Book List

A good business book is a rare find.


Many business books are nothing more than the authors vain attempt to publish something or almost anything. Others are so limited in their application so as have a very narrow value.


On the otherhand, a good business book is one that enlightens, inspires and gives additional insight into common problems. The solutions given have specific relevance to the problem at hand, but also has a broader application to a wide range of issues.


The following book list is a list of just such books. It is a personal list. It is by no means a list of every business book that I have read. It is however a list of the very best books that I have read. I find these books to provide a basic education as well as a guide to timely business problems and opportunities.


A good book is very rare find.


The Book List

The E Myth, Gerber
The Richest Man in Babylon, Clawson
The Innovator’s Dilemma, Christensen
Seeing What Comes Next, Christensen
Management, Drucker
The Definitive Drucker, Edersheim
Extraordinary Popular Delusions and the Madness of Crowds, Mackay
The Little Red Book of Selling, Gitomer
The Art of War, Sun Tzu
Skunk Works, Janos & Rich
Getting to Yes, Fisher & Ury
The Strategy of Conflict, Schelling
Good to Great, Collins
The Goal
Sea Biscuit
Rich Dad, Poor Dad
Leadership and the Art of Self-deception, Warner
One up on Wall Street, Lynch
Clockspeed, Fine
Wealth of Nations, Smith
How to work a Room, RoAne
The Passion of Success, Peters
In Search of Excellence, Peters & Waterman
My Life in Advertising, Hopkins
Scientific Advertising, Hopkins
The Business of Science, Ramo
Winning through Intimidation, Ringer
Management by Objectives, Odiorne
The Game of Work, Coonradt
The Palace Thief, Canin
People Skills, Bolton

Biographies or Autobiographies

Armand Hammer, Lyndon
John Pierpont Morgan
- The Magnificent Morgan
- J.P. Morgan, Jackson
- House of Morgan
- The Great J.P. Morgan, Allen
Andrew Carnegie
Henry Clay Frick
Rockefeller
- Titan
- The Rockefeller Century
Steel Titan, The Life of Charles M. Schwab, Hessen
Marriott
How to be Rich, Getty