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A To Do List: For Newpreneurs

| July 31, 2009 | 56 Comments

New to the scene?  Yeah, we can smell it.  The scent that still lingers in all entrepreneurs as they live day by day.  But we like you.  So, we present to you a rule list in order to get into this powerful club.  Come back,  show us all the check marks, and you’re in.  No excuses.  No payment plans.  Just you and your remarkable idea.

Here we go. (In no apparent order)

3600 BMW 645CI WHITE DR ANGLEN1. Vision. I was taught young that when you see something you desire, take a picture, cut it out, or write it down.  Next, post it up on some tag board and plop a good ole picture of you in the center (preferably not with your ex boyfriend/girlfriend you still miss obsessively).  Got it?  Now, stare at it.  Rigorously.  But don’t hurt your eyes.  Take notice of how things change around you.  Are you seeing more pearl white BMW’s ever since you glued the one from the magazine?  Not coincidental.  Not at all.

2. Benjamin. That’s what we’ll call this trick of the trade passed on down from my mother.  Carry a Benjamin ($100 bill) with you in your wallet at all times.  Don’t spend it.  Following this simple rule will get your mind in a state of abundance.  Too many people subconsciously think in a scarcity mode.  Not you.  You, my friend, can walk on down Fifth Ave. and know that you have the money for anything.   Ok, maybe you’re shy a few hundred but now you have changed your fear of money into something positive.  Let the positives keep coming (+$).

3. Enter contests. I’m a sucker for this one.  Why not finance your venture with competition winnings?  Business plan competitions, elevator pitches, GSEA, there are lots of organizations who will award prize money to promising no start-ups.  No venture capitalists needed.  “But I’m not lucky,” you say. Nonsense.  You make your own luck (one of my favorite lines).  But don’t get too carried away and start dropping pennies left and right just to pick them up yourself.  That’s cheating the superstition.

Benjamins-814.  The 10% bank account. Reading from Dan Kennedy’s No B.S. Wealth Attraction for Entrepreneurs, one will find this secret to attract wealth.  Set-up a separate bank account just for charity.  Every time you deposit cash, set aside 10% to put in this account.  I highly stress that you do it, even if you’re already cutting the corners just to survive and thrive.  It’s an unexplainable concept that no one can figure out as to how it multiplies your money.  But it does.  So rest in that next time you think of investing in stocks and bonds.  Help you and your favorite charity out, instead.

5.  Set your standards. This applies to so many things in the entrepreneur world.  Know what your standards are when running your business.  Are you going to sell out?  How much will you take for your lowest bid?  $2 million?  Write it down.  Now, learn to shake your head “no” until you get what you want.  Yes, it can be all about you when you’re the boss.

6.  Network. This word is in every entrepreneur’s vocabulary.  Yet, how many go above and beyond with it?  Hear about a new business that opened up in your area? Be the first to congratulate the owners and share feedback. Too often people think that others have already done so.  You’d be surprised how many people can count their contacts on one hand.  Go out and be the person that people can name on their “one hand.”  You being there now could mean all the difference later.

7.  Smile.  No one likes looking at an unhappy entrepreneur even if they have a remarkable idea.  First, create your remarkable smile.  Now, go out and DO it.  This isn’t a “to don’t” list.  Live the dream!


dw

This post was written by Diana Wright.  She has a knack for creating wealth and great relationships.  Learn more about her and her creative style at InkedbyDW

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Category: Startup Advice

  • http://www.twitter.com/morgenkaffee Michael

    great one. I started a diary for my business and this is the first thing that I've written into it. I'll inform you when I've got all the 7 points done :)

  • http://Under30CEO.com Jared O'Toole

    I like the networking point and how most people don't go above and beyond. As entrepreneurs we all talk about our networks and the importance to keep in touch with every contact we come by. But do we really do it? I can honestly say I think I do a good job but no where near a great job.

    I think we can all pick it up in this department.

  • Elizabeth

    i find the idea of the ten percent account to charity to be really interesting! that point also has potential to be developed into a great way to promote a socially conscious and caring image for your business.

  • http://ontheroadto1m.wordpress.com/ Kelly

    I've now got a long list of things to improve on. Thank you for the ideas!

  • http://under30ceo.com MattWilsontv

    Diana, I really like your writing style and creativity you put in here. I didn't even realize you were the first female contributor to U30.

    You bring a lot of good stuff to the table that I hadn't thought of and thats what we want out of the magazine. I always carry a Benjamin hidden in my truck, but that's just in case I break down or need it for an emergency or something. I don't know a lot about attraction type stuff, but I think it's pretty cool the way you explain to do little things to put yourself in the mindset. Thinking like you are already wealthy, setting your standards and visualizing the future so much as to make it feel like it actually happened.

    Where'd you learn all this stuff? (besides your mom)

  • dianawright

    Thanks for the comment!
    Well it looks likes like maybe you've got the last rule accomplished via :) …but there's something about writing things down that helps the brain focus more on it. You should check out one of my favorites, Harmony Wealth by James Arthur Ray.

  • dianawright

    Jared. I got to say that I think you and Matt both do a great job of networking on here. By just leaving a comment when someone signs up, you really are helping them feel as if they belong. Hey, and if you didn't know, fear of not belonging is huge in this society. Great work!

  • dianawright

    Thanks for the comment, Elizabeth!
    Last night, I was just reading about tithing from one of Robert Kiyosaki's books.
    “Also, the reason why we give is because tithing is our way of paying our partner-God. God is the best business partner I've ever had. He asks for 10% and lets me keep the other 90%.”

    And if you stop working with this partner? They stop working for you.

  • dianawright

    Matt, hmmm…I'd have to give a lot of the credit to my upbringing a.k.a. the mom. She happens to be an expert in the financial world and I gave her the nickname “finder of money.” Also, it seems that I can never just not be reading a book, or two.
    Anyways, good to know that I'm making history on daily basis here! ha
    And I really enjoy reading the articles on here. Quite inspiring. What's your favorite article you'd pass along?

  • http://under30ceo.com MattWilsontv

    Hi Diana, that's really cool you can credit your mom with a lot of this stuff. I think a fun article for you would be one on books, but something creative not just “list of 20 books to read”… i'm sure you'd come up with something–categorizing authors into different ways they think, etc. ( just a thought )

    Check out one of our first u30 articles.

    http://under30ceo.com/2009/07/01/no-longer-will

  • tlashier

    great article… insightful and funny, along with some tactics i had never thought about. i look forward to seeing more from dw!

  • http://twitter.com/be_eg be_eg

    very insightful… enjoyed the idea about the visioning as well as carrying around the “benjamin” … witty use of writing as well!

  • mdickson

    I really enjoyed this. The idea about having a bank account for charity is something I for sure want to incorporate. Also, I like how you stressed networking. What an important factor that so many forget! Great ideas. Look forward to seeing more in the future!

  • mdickson

    I really enjoyed this. The idea about having a bank account for charity is something I for sure want to incorporate. Also, I like how you stressed networking. What an important factor that so many forget! Great ideas. Look forward to seeing more in the future!

  • dianawright

    Thanks for the comments! And you'll have to stop by again to see what I have coming soon…

  • Threedot

    Great post – I especially love the ideas of saving for giving and networking.

    Save to give – keeping a focus on giving back will help keep you in the right place mentally – at least part of what you do won't be about “you”

    Networking is critical, but what a lot of people forget, is that networking is about what you put in, not about what you can take out.

  • http://www.twitter.com/johnexley JohnExley

    This article is really good Diana, I'm glad I read it! I think your last two points (#6 and 7) go hand-in-hand. An essential component in networking is your personality, and I believe people tend to gravitate towards others who are happy and always smiling.

    Be yourself, be authentic, follow up, and CARE.

    John C. Maxwell, the renowned author of “The 21 Irrefutable Laws of Leadership”, said that “To lead yourself, use your head. To lead someone else, use your heart. Always lend a helping hand before asking for one.” I think this is a very important factor to networking.

  • shellbell

    These points are spot on. You have such a fresh writing style, it makes for an easy read but leaves me wanting to start DOing something. I can relate with your itch for contests, as there is so much free money out there up for grabs! I'm also tired of hearing the old “But I’m not lucky” line. I follow something my papa always told me, “Somebody's got to win, why not me?”

    Looking forward to future posts.

  • http://Under30CEO.com Jared O'Toole

    I agree that a smile goes a long way. People don't want to network with someone who looks pissed off or is down all the time. Its tough enough to make head way out there so help yourself out and put a smile on!

    I know your always smiling exley haha

  • http://under30ceo.com MattWilsontv

    Shell, thanks for the comment on u30. I'm sure your luck is coming soon. Remember: the harder you work, the luckier you get!

  • dianawright

    Thanks for the comment, Shell. And I think you and I both need to take a trip to the casino w/ our lucky mindset! Slots? Blackjack? Poker? What's your fav? ha

  • http://under30ceo.com MattWilsontv

    Threedot this is one of the things I think about everyday. What can I do to help my network. Who can I connect? Who can I help? How can I help get people to the next level?

    I know what comes around goes around–but you have to give to get!!!

  • http://under30ceo.com MattWilsontv

    Jared, please stop hitting on our commenters. John Exley is a very nice young man and doesn't need you harassing him.

  • http://www.positiveincome.com/ Kim Jimmerson

    I'm impressed. I really enjoyed this article. Of course, everyone knows that you have to have a vision and regarding talking about abundance that's the Law of Attraction which I'm a huge believer in. I have my own vision board. I'm going to start following some of your other suggestions – especially about networking with others in my community.

  • http://www.myspace.com/lollerzmodel LollyJean

    The bank account for charity, such a great idea. I never would have thought of it myself. Thank you!

  • http://under30ceo.com MattWilsontv

    Hey Kim, if you want to do a visionboard we'll publish it on Under30CEO! Check out my 15 goals for the next 15 years:

    http://under30ceo.com/2009/07/06/matt-wilson-dr

    Email me matt @under30ceo.com if you'd like to make yours!

  • http://under30ceo.com MattWilsontv

    I like it too Lolly–How do we figure out where to contribute it to? Random acts of kindness would actually make the account a lot more fun to use… ideas?

  • http://twitter.com/ddub_a_u dianawright

    Get your phonebook out and flip through pages (unknowingly) and land your finger on a name. Next, send an envelope along with some cash. I prefer anonymously doing it….a lot more fun!

  • http://twitter.com/jfeldstein jfeldstein

    reddit.com/r/trust

  • http://under30ceo.com MattWilsontv

    How about paying for 5 people behind you in the toll booth and telling the attendant to say Merry Christmas! ( I think i saw this in a movie once)

  • http://www.yougonetwork.com johnniefirari

    Good post. I might ad to the list for people to bring their passion. Like you said we can smell the newbies and I often get more intrigued as to why they are in business. I look to see if they are in business for one of three reasons. 1. They are building a business to sell the business. 2. Building a business to pass down in the family. 3. Their business is their passion or something they love doing.

  • shellbell

    Haha we might just have to! and I lean towards poker ;) “I believe in poker the way I believe in the American Dream. Poker is good for you. It enriches the soul, sharpens the intellect, heals the spirit, and – when played well, nourishes the wallet.” ~Lou Krieger

    Also check out this slightly old but very interesting article about luck. Your favorite line “You make your own luck”, may be more factual than you thought?

    http://www.richardwiseman.com/resources/The_Luc
    (specifically ''The Luck Project'' and ''Chance Opportunities”)

  • http://twitter.com/ddub_a_u dianawright

    I checked out that article you mentioned and couldn't agree more. Props. Now, if everyone believed in a little thing called luck, they'd see chance in every opportunity.

  • http://under30ceo.com MattWilsontv

    DW, great engagement even weeks after the article went up. The convo is still hot! 34 comments is pretty darn good. Thanks for writing some killer content.

  • http://under30ceo.com MattWilsontv

    Johnnie, if we are going to do it, we better do it with passion–it's the only thing that is going to keep us afloat during the tough times. I'm going through this right now, but I LOVE UNDER30CEO. It's my baby, it's my passion and I'll do anything to make it work. If you are passionate enough you'll make the sacrifice!

  • http://www.yougonetwork.com johnniefirari

    Go through the Pick up window of a fast food restaurant and pay for the person behind you….
    Buy a bag of groceries and drop it off at a door in a lower income community…

  • http://under30ceo.com MattWilsontv

    Not bad. I like Shaq taking a truckload of turkeys and passing them out on Thanksgiving in low income areas!

  • Robbie

    Great article!!!! I am really really impressed.

    -some ginger

  • abundancymagnet

    Great writing and it reflects such a positive attitude towards wealth and biz. You sound like an old soul with an energetic can-do attitude.

    When is your next article? Can't wait to see what you write about next.

    What other books do you recommend reading?

  • abundancymagnet

    Great writing and it reflects such a positive attitude towards wealth and biz. You sound like an old soul with an energetic can-do attitude.

    When is your next article? Can't wait to see what you write about next.

    What other books do you recommend reading?

  • Pingback: A To Do List: For Newpreneurs | Under30CEO « RoyKing’s Manor.

  • http://twitter.com/eranfiliba Eran Filiba

    Well said Diana. This is a great way to formulize the entrepreneurial thinking. Great job.

    One thing I would add to this list would be flexibility. Both in 'Vision' and 'Set the standards', you're emphasizing the importance of focusing on your primary objective. I agree, an entrepreneur definitely needs to have the perseverance and enthusiasm to reach the goal. However without the flexibility to guide the entrepreneurs through the path, those two elements would be less useful. 100% of the time, the entrepreneur will confront a problem to his/her business model and if they're not flexible enough, they might not recover at all.

    Let's face it, there are so many successful companies out there that started out as something completely irrelevant to the current model. Without the flexibility they would have been stuck in the old version and without the perseverance they wouldn't have succeeded in the new business.

    Looking forward to your future posts,

    Eran

  • http://under30ceo.com MattWilsontv

    Hi Eran, “there are so many successful companies out there that started out as something completely irrelevant to the current model”. I agree wholeheartedly–U30 had no idea we were going to be a magazine, but look at us now we have that and a radio show. There's no telling where or when you'll find your big break but the flexibility of a startup gives you the ability to take advantage of opportunities instantly.

  • aeprice

    A shrewd perspective. Diana has a great Entrepreneurship brain cooking! Nice Job!

  • aeprice

    Very Shrwed and mature article. Diana has some Entrepreneur Brain Cookin' Nice Job!

    Anne

  • aeprice

    Shrewed and mature article. Diana has a great Entrepreneur brain cookin' Nice Job!

  • http://www.financeanswers.com/ Finance Answers

    5. Set your standardsThis seems like a reoccurring theme that I hear often and is familiar to us finance people. By setting your standards upfront you are logically thinking through the process coming to educated conclusions. When you wait until a deal is thrown at you, your emotions tend to get in the way and you may just make a decision that isn't the most appropriate. Write these standards down from day one, change them if necessary, but stay true to those guidelines. Emotions are great motivators and drivers, but they aren't always the best decision makers.

  • http://Under30CEO.com Jared O'Toole

    I agree. I'll be the 1st one to tell you that emotions are brutal because you dive into things that seem like great opportunities and 2weeks later your regretting it.

    Standards will generally let you have a gut feeling right when you hear something. It will either fit with what your doing or it doesn't. Never try to force something to fit. Sometimes things don't and you have to pass it up.

  • esteesilverstone

    loved your article! All of it is so true and really refreshing. Alot of what you wrote is in the book The Secret by Rhonda Byrne. I am an aspiring entrepreneur with loads of ideas just having trouble focusing getting stuff off the ground, but articles like this is what helps me move forward! like the tithing step, I have always done that and beleive that by giving, you bring more good on yourself. Keep it up! I look forward to reading more of your stuff!

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  • http://www.ixiivrecords.com/ Suz

    Great article! I think this is extremely helpful for any “newpreneaur” starting out. As someone who's been at it for a few years, another thing I've learned that everyone starting out should do is keep reading! Never stop learning and always be up on changes in your field, as well as fields related to yours that might effect your customers/competition. The more knowledgeable you are the greater asset you become to those around you.

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  • SimplyJo

    Luck is when preparation meets opportunity – Seneca
    Just found U30CEO have subscribed!

  • SimplyJo

    Luck is when preparation meets opportunity – Seneca
    Just found U30CEO have subscribed!

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