5 distinctions of successful entrepreneurs (brian schwartz, 50 interviews)

The 5 distinctions of successful

entrepreneurs

Brian Schwartz • [email protected] • 970-215-1078

www.50interviews.com

Discover a consuming passion

• The more you share, the more powerful it becomes.• It’s worth more to you than a million bucks. • You’d be doing it whether or not you were getting

paid to do it.• When you are doing it, you lose track of time. Q: Do

you know what day of the week it is?• It feels like an addiction (you truly miss it when it’s

not there).• You wake up early to do it before anything else and it

gives you energy, it doesn’t drain you.


Pursue an impersonal goal

• It’s not about you.• You are serving a purpose greater than

yourself.• Teachers and pastors are great examples.• It gives you the strength to overcome

adversity.• It’s definitely not about the money.


Learn to embrace risk

• Risk = opportunity for something better!• Risk = reward. (victory is especially sweet when

you’ve had to overcome great obstacles)• Risk = new possibilities.• Risk = a chance to grow.• Here’s the secret: You must be willing to first accept

the worst possible outcome and you must maintain faith that the right outcome will occur, no matter what.


Emulate to learn, innovate to earn

• Emulating is a great way to get onto the field, but all great accomplishment in the world has stemmed from someone doing something different. Eventually, you need to blaze your own trail and innovate to find success.

• It’s the uncommon answer to the common problem (Michael Gerber).

• When you really get this, it is much easier to ‘give it away.’


Develop an ability to shift perspective

• Success relies on maintaining a positive outlook, especially when times are particularly tough.

• The secret to maintaining a positive outlook is in the ability to shift your perspective.

• When faced with a new challenge or setback, successful entrepreneurs look at the event from a new perspective.

• Take personal responsibility for all out outcomes (good & bad).


Adopt an entrepreneur mindset

Uncover a consuming passion. The more you share, the stronger it becomes. Similar to an addiction, they can’t turn it off and it rarely feels like work.

Define an impersonal goal. You have discovered a purpose greater than yourself. You do it despite the money. It’s more about the impact on other people than on you.

Learn to Embrace Risk. Entrepreneurs see risk as dashing into the future with hope and the possibility to move closer towards their impersonal goal. Many have shared that once they accept the worst possible outcome, they feel empowered to take action.

Emulate to Learn, Innovate to Earn. Emulating is a great way to get onto the field, but all great accomplishment in the world has stemmed from someone doing something different. Eventually, you need to blaze your own trail and innovate to find success.

Develop an ability to shift perspective. You will no doubt face many challenges and set backs along the way. The key to not letting those setbacks impact you lies in your ability to shift your perspective and see the circumstances from a different light. Faith is at the root of one’s ability to shift perspective. A Faith comes from overcoming earlier setbacks, knowing that in the end, everything works itself out, one way or another!


3 keys to finding fulfilling work

When you uncover your true passion, it doesn’t feel like work. When you find a purpose greater than yourself, you find the key to overcoming the fear to risk it all!


Are entrepreneurs born or made?

• Where do your decisions come from?• Are your beliefs still serving you?• How do you adopt new beliefs?–Change the people you surround

yourself with.–Change your environment.

• Consider the source of your beliefs.


The power of perspective

• Often two sides of the same coin, example:– I quit my job – celebration & possibility!– I lost my job – despair & scarcity

The result is the same = no job!The same experience can be viewed as a setback or an opportunity.

• Successful entrepreneurs know from experience a silver lining will usually appear from what might first appear as a ‘setback.’


Believe in your vision

Mike Jensen, Fort Collins Real Estate / Keller Williams

• Startup costs: *$0*(actually -28,000)

• Business Plan? Yes.

“Find the win-win.”


Find a greater purpose

Michael Gerber, E-Myth Worldwide

• Startup costs: $25,000• Business Plan? No

“It isn’t what you know, but what you are determined to do that makes the difference.

Knowing actually gets in the way.”


Love your work

Jim Mofhitz – Humorous Clocks, Wellington• Startup costs: $1200• Business Plan? No.

“Follow your passion and everything else will work out”


Follow your calling

Donna Visocky, Bella Spark Productions & Healing Path Magazine, Fort Collins, CO.• Startup costs: $50,000• Business Plan? No.

“She wasn’t afraid to think big.”


Take a bold leap

Doug Odell, Odell Brewing Company Fort Collins• Startup costs: $50,000• Business Plan? Yes

“If you have a dream, take a chance on it!”


It’s not about the money

Jake Jabs, American Furniture Warehouse

Startup costs: $80,000• Business Plan? No

“If you like what you are doing, you may never have to work another day in your life.”


Overcome adversity

John Comeau, Horsetooth Hot Sauce, Fort Collins

• Startup costs: $4,000• Business Plan? Yes

“Try as much as you can, no matter how much you fail.”


Stay Grounded

Kim Jordan, New Belgium Brewing Company, Fort Collins• Startup costs: $60,000• Business Plan? No

“Let your life speak”


The power of perspective

Bob Parsons, GoDaddyScottsdale, AZ.• Startup costs: $32mil• Business Plan? No

“We’re not here for a long time. We’re here for a good time.”


Ideas to action

If you are not where you want to be, surround yourself with those who are.

The right questions will reveal new answers from within yourself. Be an aggressive seeker of truth.

Discover a purpose greater than yourself.Share your passion with others. Ask yourself regularly if you are still surrounding

yourself with the right people.


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5 distinctions of successful entrepreneurs (brian schwartz, 50 interviews)

Education

track of time

consuming passion