Tuesday, January 15, 2013

Rule#5: You Must Do It Alone

“To  be  a  champ  you  have  to  believe  in  yourself  when  nobody  else  will.” -- Sugar  Ray  Robinson

A Lonely Life

“Starting your company means that, much of the time, you have to do the difficult work and make the hard decisions alone.”
     Your parent could be one of your worst enemy. After all you hard work, they want you to have a secure high-paying job at a prestigious organization. They don’t want to see you doing business, because if you fail, you’ll be seen as a failure.

“It  is  not  the  critic  who  counts;  not  the  man  who  points  out  how  the  strong  man  stumbles,  or   where  the  doer  of  deeds  could  have  done  them  better.  The  credit  belongs  to  the  man  who  is   actually  in  the  arena,  whose  face  is  marred  by  dust  and  sweat  and  blood;  who  strives  valiantly;   who  errs,  who  comes  short  again  and  again,  because  there  is  no  effort  without  error  and   shortcoming;  but  who  does  actually  strive  to  do  the  deeds;  who  knows  great  enthusiasm,  the   great  devotions;  who  spends  himself  in  a  worthy  cause;  who  at  best  knows  in  the  end  the   triumph  of  high  achievement,  and  who  at  the  worst,  if  he  fails,  at  least  fails  while  daring   greatly,  so  that  his  place  shall  never  be  with  those  cold  and  timid  souls  who  neither  know   victory  nor  defeat.”--Teddy Roosevelt

Business Plans

Do not get caught in doing business plan. No plan is perfect. There’re always holes in it. 
“Analytic can only take you so far.   Pass that point instinct has to take over.”

When in Doubt

     Your business undertaking will face ups and downs. People will doubt in your undertaking. You will doubt in your undertaking. So, here are few advices.
  1. Get to know other entrepreneur. You will see that their problems are not that much different from yours.
  2. Inventorize your success. Build up confidence through the success stories.
 “One  of  the  tough  tensions  that   good  founders  face  is  how  to  be  solo  players, but  at  the  same   time,  still  be  team  players.” -- Noam Wasserman

Be Proud

     You should be proud to be yourself, when you try to do something. A lot of people are afraid of doing something, because they fear failure. But you have courage to jump in and do it. As someone said, courage cannot be taught, but it can be learnt.
“True entrepreneurs work extremely hard to take as little risk as possible. They don’t cultivate a large appetite for risk. Instead they manage risk.”
Source:The Intelligent Entrepreneur: How Three Harvard Business School Graduates Learned the 10 Rules of Successful Entrepreneurship by Bill Murphy Jr. 
[Read the Book Review] [Read the Previous Part] [Read the Next Part].


Book or Audiobooks?

Personally, I prefer audiobooks. It's fun, and I can listen when I'm doing something else. It also makes other activities (e.g., jogging) a lot more fun. For more detail about audiobooks, please read [this post].

There is one more reason that may encourage you to go for the audiobook version. You can get it now for FREE. Audible offers you a free trial for 14 days. Even if you get the book and cancel the subscription right away (so that you don't have to pay), you can keep the book. And, don't worry if you lost the audiobook file. Just log into audible.com. You can keep downloading the over and over again.
About the summary: It takes time to finish up a book. And, when you do, sometimes, you want to review what you learn from the book. If you do not make  notes as you read, you might have to go through the book once again. This can be time-consuming when you are dealing with a book. But you can still flip through the book and locate what you are looking for.

However, when the material is an audiobook, it is extremely hard to locate a specific part of content. Most likely you will have to listen to the entire audiobook once again.

This book summary will help solve the pain of having to go through the book all over again.

I am leaving out the details of the books. Most books have interesting examples and case studies, not included here. Reading the original book would be much more entertaining and enlightening. If you like the summary, you may want to get the original from the source below.

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