Tuesday, April 21, 2015

Entreprenurial Journal week 14 -B183



B 183 S Entrepreneurial Journal, Conclusion Week “Last Lecture”
I am asked to write something that will be worthy of another’s time. Truthfully, I am unsure that is possible for me to do.  How do I mentor someone when I have been barely able to drag myself out of bed each morning and have not changed out of my pajamas in almost an entire week? 
Alas, this is the life of an entrepreneur sometimes.  This is the life of mine.  Is it glorious? Not one bit. Is it messy? You ‘betcha.  But, this is what I have to work with, so I do.  I have only so much energy and time and so therefore in order to keep at least a little of my sanity, something has to give.  This week, it was my physical cleanliness and sleep.  On the bright side, staying in this pair of jammies has meant less laundry that needs to be washed when I am able to resurface from the madness of life. 
This week has been true chaos.  This is sometimes the life of an Entrepreneur.  In addition to the success, energy, excitement and all that is wonderful about being an entrepreneur there are times like these that we wonder why we got into this in the first place and that make us question our path (and our sanity). But this, I can tell you, it is worth it.  The highest of highs and the lowest of lows on this journey are worth it.  Compromises will have to be made in your life, you will have to determine your priorities and stick to them.  Keep pushing forward and endure through the storms, enjoy the journey in each stage.  This week during our studies of Entrepreneurship at BYU-Idaho, our theme is Celebrate your life. This is what I celebrate.  I am wife to Mr. Awesome.  I am a mother of six. I am raising and home-schooling four, while I myself and Mr. Awesome are each continuing our lifelong learning through formal education.  We have health crisis’s happening to multiple people in our family. We are also in the process of transitioning to a new businesses and careers, in an industry that is new, to us. 
There is uncertainty, risk, nay-sayers, long hours, sacrifice, drive, learning, falling and rising again as we pursue this path.  There is also energy, excitement, refinement, patience, persistence, growth, passion and faith. 
You may be reading this and thinking “run, run far way, as quickly as possible.”  If you are, an entrepreneurial life is probably not for you.  If you are reading this and thinking “You are just doing it wrong” or something to that effect and my honesty of this low time for us isn’t making you want to head for the hills, you probably have an entrepreneurial heart and you are going to do some amazing things! 
Life is what you make of it, the path you carve as well as the way you handle the parts that are out of your control that push and test you to your very core.  I hope that whatever you decide, you choose to enjoy the journey, the good as well as the bad.  You can do it.          

Entrepreneurial Journal week 12 B-183



B 183 S Entrepreneurial Journal Week 12 entry 13
This week the theme was: A Journey of Gratitude. We turned in a book report “So You Think You Want to be an Entrepreneur?”  We started reading: “A Field Guide for the Hero’s Journey.” We studied Thomas S. Monson’s April 1992 “An attitude of Gratitude.”  We watched E corner videos “Avoid the Wrong Job” by Stan Christensen and “Paths to an Entrepreneur Career” by Ted Zoller of the Kauffman Foundation. 

A few things I really liked about President Monson’s talk was the poem:
Accentuate the positive;
Eliminate the negative,
Latch onto the affirmative,
Don’t mess with Mr. In- between.

He helps remind us about those individuals in our lives to whom we have and should have much gratitude for: Our Mothers, Fathers, Teachers, Friends, Spouse, Country and our Lord and Savior, Jesus Christ.

Stan Christensen teaches us that “bad decisions come from making unnecessary assumptions.” He teaches us to “Not try to outguess what someone wants to hear on a resume, tell YOUR story.”  “To avoid the wrong job, we should “pick something that is fun and that we enjoy.”
 He also teaches us to “Position ourselves to take advantage of opportunities when they come up.”
Ted Zoller showed us that there are many paths to success.  They look differently for each individual and industry.  There are some similarities, but it seems that if at some point, you “start a company, then go fuel a company for a big corporation and then back into a small company, you will find the sweet spot for entrepreneurs.”
It has been a wonderful week filled with appreciation and wonderful blessings from recognizing those blessings. 

“The Dip, a little book that teaches you when to quit (and when to stick)” by Seth Godin



The Dip, a little book that teaches you when to quit (and when to stick) by Seth Godin

This was a quick read book.  He teaches there are three main curves to work life.  The three paths are: the dead end (cul de sac), the cliff, and the dip. The dead end is just that, you wont be going anywhere not matter how hard you work.  The cliff you can work hard and even enjoy it, but in the long run it will end abruptly.  The dip is when you are working on the right path and you are in the dip where if you choose to overcome the challenges of the dip and not quit (like everyone else does), you will shoot up into excellence and be the best. 

He says, Simple: If you cant make it through the Dip, dont start. If you dont even want to try to be the best, than dont waste your time and everyone elses.  He then shares this list:

Seven Reasons You Might Fail to Become the Best in the World
1.    You run out of time (and quit).
2.    You run out of money (and quit).
3.    You get scared (and quit).
4.    Youre not serious about it (and quit).
5.    You lose interest or enthusiasm or settle for being mediocre (and quit).
6.    You focus on the short term instead of the long (and quit when the short term gets too hard).
7.    You pick the wrong thing at which to be the best in the world (because you dont have the talent).

This list applies to 8 main areas in life we can have a dip.
1.    Manufacturing
2.    Sales
3.    Education
4.    Risk
5.    Relationship
6.    Conceptual
7.    Ego
8.    Distribution


He teaches about The Big Opportunity- If you can get through the Dip, if you can keep going when the system is expecting you to stop, you will achieve extraordinary results. People who make it through the Dip are scarce indeed, so they generate more value. . .To be a superstar, you must do something exceptional. Not just survive the Dip, but use the Dip as an opportunity to create something so extraordinary that people cant help but talk about it, recommend it, and, yes, choose it. 

This makes sense to me.  I personally know people who are amazing at everything they do and in reading this book, I can see how their lives match what he is teaching.  So, we need to have the desire and be in the right place or path. Godin wants us to ask ourselves what business we are in.  He shares with us that we need to you should (you must) quit a product or a feature or a designyou need to do it regularly if youre going to grow and have the resources to invest in the right businesses. But no, you mustnt quit a market or a strategy or a niche. which means that we need to stay fresh and up to date and not get stuck in keeping the same product because we hope it will one day take off or because we are committed to this product just because of the time or money we have invested into it already. He teaches us that we dont just want to wait around for opportunities to come out way.  He says: The Opposite of Quitting Isnt Waiting AroundNo, the opposite of quitting is rededication. The opposite of quitting is an invigorated new strategy designed to break the problem apart.  I like to think of this like when we are having a problem in life and we ask the Lord for help.  He doesnt want us to wait around and do nothing, he wants us to be anxiously engaged in a good cause.  He wants us to be agents unto ourselves.  We ask, ponder, pray, listen, ponder, and get to work. 

Godin also teaches us that if we are going to look for a new job, dont wait until you have been fired, get proactive, to strategize effectively and efficiently.  The time to look for a new job is when you dont need one. The time to switch jobs is before it feels comfortable. Go. Switch. Challenge yourself; get yourself a raise and a promotion.  If you are going to stay at a job just as a coping mechanism, Godin teaches: Quitting is better than coping because quitting frees you up to excel at something else.  He cautions us that quitting as a short- term strategy is a bad idea. Quitting for the long term is an excellent idea. which he interprets as Never quit something with great long- term potential just because you cant deal with the stress of the moment. Now thats good advice.

He guides us to ask ourselves three questions before we decide to quit or continue on. He says:  Realizing that quitting is worth your focus and consideration is the first step to becoming the best in the world. The next step is to ask three questions.
QUESTION 1: AM I PANICKING? Quitting is not the same as panicking. Panic is never premeditated. Panic attacks us, it grabs us, it is in the moment. Quitting when youre panicked is dangerous and expensive. The best quitters, as weve seen, are the ones who decide in advance when theyre going to quit. You can always quit laterso wait until youre done panicking to decide.
QUESTION 2: WHO AM I TRYING TO INFLUENCE? Are you trying to succeed in a market? Get a job? Train a muscle? Influencing one person is like scaling a wall. If you get over the wall the first few tries, youre in. If you dont, often youll find that the wall gets higher with each attempt. Influencing a market, on the other hand, is more of a hill than a wall. You can make progress, one step at a time, and as you get higher, it actually gets easier. People in the market talk to each other. They are influenced by each other. So every step of progress you make actually gets amplified.

QUESTION 3: WHAT SORT OF MEASURABLE PROGRESS AM I MAKING? If youre trying to succeed in a job or a relationship or at a task, youre either moving forward, falling behind, or standing still. There are only three choices.

Godin finishes with a list of questions we should ask ourselves (or to guide us to ask the right questions for ourselves) to help us figure out and evaluate effectively.

Questions:
Is this a Dip, a Cliff, or a Cul- de- Sac? If its a Cul- de- Sac, how can I change it into a Dip? Is my persistence going to pay off in the long run? Am I engaged with just one person (or organization), or do my actions in this situation spill over into the entire marketplace? When should I quit? I need to decide now, not when Im in the middle of it, and not when part of me is begging to quit. If I quit this task, will it increase my ability to get through the Dip on something more important? If Im going to quit anyway, is there something dramatic I can do instead that might change the game? Should I really be calling on IBM? Should I really be trying to get on Oprah ? What chance does this project have to be the best in the world? Who decides what best is? Can we make the world smaller? Does it make sense to submit a résumé to every single ad on Craigslist, just to see what happens? If I like my job, is it time to quit? Is doing nothing better than planning on quitting and then doing something great? Are you avoiding the remarkable as a way of quitting without quitting? If it scares you, it might be a good thing to try.

I did not think I was going to life this book, but he actually made a lot of sense.  I can see where I have been afraid in my own life to take the steps necessary to do what I dream of.  In reading this book, I feel I have a clearer picture of why my husband has taken some of the approaches he has.  I feel that understanding these concepts or at least being aware of them can empower me to make better evaluations and choices when it comes to what I do in and with my career.

Mastery: The Keys To Success and Long-Term Fulfillment By George Leonard



Mastery: The Keys To Success and Long-Term Fulfillment
By George Leonard

The Author teaches us about mastery using metaphors and similes and the martial art Aikido.  He considers it a journey and not an end destination.  According to the author, there are four differing paths people take to master something.   1. The Dabbler- someone who loves to begin he peaks and as he begins any descent he decides to start something else and the process beings again.  2. The Obsessive- someone who want to be the best as quickly as possible and at all costs to avoid the plateau. They begin fine peak and then their path looks like a rocky mountain range as they do everything to stay on top or at the climax. 3. The Hacker- Someone who stays on the path of mastery for a while, but is okay with mediocrity and not having to do the work that mastery would entail.  On their journey they begin, they peak they hit a plateau they hit another peak, plateau again and then kind of just flat-line after a while.  4. The Path of Mastery- a lifelong series of plateaus and peaks that slowly rise over one’s lifetime.  The plateaus hold as much or more value than the peaks. 
The Author teaches five keys to mastery: Instruction-choose your instructors wisely., Practice is a verb, but when used as a noun you are on the master’s path because it becomes something you “have or are.”, Surrender- give in to sacrifices and indignities that come along with mastery., Intentionality-vision, attitude, mental game or will power., and the Edge- a willingness to push beyond safe or physical limits “to test the edges of the envelope, walk the fine line between endless goal less practice and goals.” says Leonard.
            Leonard then teaches about change and people’s desire and efforts to have things remain the same even when they do not realize it.  He calls this “Homeostasis.” Following this we are taught ways to get energy required for mastery and common reasons why people don’t stay on the master’s path.  
My favorite part of the entire book was when he was teaching about ways to get energy.  It was number five-Set your priorities.  Basically, you are going to have to make a decision and go.  He teaches that as we make decisions, we eliminate the other choices with their possibilities.  Some get upset or become immobile due to the thought of the loss of so many choices and they choose nothing.  He teaches: “Indecision leads to in-action, which leads to low energy, depression, despair.”     
“Ultimately, liberation comes through the acceptance of limits.  You can’t do everything, but you can do one thing, and then another, and another.  In terms of energy, it’s better to make a wrong choice than none at all.”   I really identify with this principle of “You can’t do everything, but you can do one thing, and then another and another.”  I recognize the truth of it because of the Gospel of Jesus Christ.  I have seen this pattern in the scriptures, in the lives of so many around me and in my own life as well.  I feel it is part of a solution to a problem we are having in our relief society.  Our sisters feel so much overwhelm by what they need to do that they do nothing.  They fail to begin and that is where they begin to fail.  The solution is action.  Leonard suggests we write down a list of all the things we desire to do the next day or two, then to prioritize those items, putting them in order of importance by grouping them using the alphabet A, B, and C.  Then do everything in group A.  Your most important tasks will be complete.  I can see where as I apply this to my life and business, I will become a more efficient person.  I will gain energy with each decision and action I take.  One foot in-front of the other, “line upon line and precept upon precept.”   If this is applied to all business planning and actions, I would be energized and motivated day after day.  I can see a sense of accomplishment that would come from this consistency.  I can also see there would be time/self management benefits involving more time and energy to serve and love.