Entrepreneurial Vision

Every Entrepreneuer Lives off Their Vision

Archive for the tag “personal development”

Planning to Travel the World Part 1

For the past few years the concept of lifestyle design has been something that has interested me. The idea is that you build a life that you consider fulfilling and sustainable. A popular example is world travelers. Many of them are ex-corporate employees that realized a 9-5 job was not what they wanted. You can find them anywhere in the world. If you just Google “How to travel the world” you will find an astounding number of blogs, products, and websites dedicated to these travel junkies. They create location independent forms of income, sell their junk, and off they go. As crazy as it sounds I’m also planning to travel the world. It takes quite a bit of planning but it’s not impossible. Here is what I am currently doing to travel the world.

Commitment. I know this is not going to be easy so I have to be 100% dedicated to my goal. Fortunately I’ve traveled quite a bit, for an American, so I have already tasted the benefits. I know this is something I want to do so I set a goal. First things first, I need to graduate college. I have less than two semesters left. I would be an idiot not to finish.  When I graduate I’ll have roughly $30,000-$35,000 in school debt. I will pay that off before anything else. I use the Dave Ramsey methodology which is basically live like a hobo and pay off your debt ASAP. When my debt is paid off it is time to start saving. I imagine $15,000 should be plenty.

Own less stuff. This one is fun. People who are moving from place to place generally are living out of a backpack. The closer I get to travel time the more things I give away.  My collections of books are right in front of me and they are my pride and joy but I know one day they will have a new home. One way to practice this is to buy experiences instead of things. Don’t buy a movie rent one. You don’t need a dog, just visit the animal shelter. Collect these experiences with care, they’ll last a lifetime.

Enjoy the simple things. Even though my American currency will have leverage in other countries that money will dry up quick if I’m not wise with it.  Between plane tickets and surfing lessons (just wait Callie, I’ll be a pro yet) find ways to save money. For me I am learning to cook. This will be a skill that I can take with me all over the world. Not matter where I will go eating is something everyone will do. My secret to learning to cook quickly is The 4 Hour Chef. The author Tim Ferriss got me cooking fajitas and other goodies in a week flat. Hopefully my cooking skills will be enough to pick up a little side cash around the world. Find something you enjoy that is not expensive and is location independent.

Create an alternative form of income. This is the big one. There are so many ways to create a location independent business or even to just work in other countries. I am trying my hand at ecommerce and content marketing. I am currently designing a product that will hopefully sell over the internet. I can then outsource the fulfillment and customer service issues, and just check in on things via laptop or cell phone. Realistically I know the idea may not work so other ideas for me to consider are: teaching English, SEO work, and volunteer work. I think this issue is what keeps most people from pursuing extended travel. To be honest I’m a little worried because I have not made much money in a location independent manner before. Luckily I have an enterprising mindset to keep me motivated.

Check in soon to see how my planning is coming along and see how I convince my girlfriend to go along with this! What suggestions or comments do you have regarding travel?

At 22, Andrew Sieg has started 2 businesses and 2 fraternities. He enjoys learning about and creating business models that make more money and more free time to pursue his passion, traveling. Visit his blog https://entrepreneurialvision.wordpress.com/ to get advice for building a better business and life today. 

Why you need to Fail More

For some odd reason failing at anything has been discouraged in our culture for some time. We are only allowed to succeed and it has to be on our first attempt. Thankfully though this generation has started to acknowledge the benefits of temporary failure. Let me be clear, failing is good for one simple reason; if you are failing more then you are trying more. If you are failing are then you are trying hard. If you try enough you will eventually succeed.

Each attempt is like a seed that is planted. When your goal is not met that seed will grow to yield wisdom and with enough attempts you will have such an abundance you will have to give it away. Eventually all those who have fed off your experience will trust you. After you have you have failed enough all that will be left is to succeed. Your success will be attributed to those that you feed, including yourself.

My metaphor is not to be taken lightly. History highlights few successes but is built upon the countless failures of many. Here are entrepreneurial visionaries who have had more than their fair share of failures.

Colonel Sanders of KFC                                                                                                                                                                                                                                                                                                                                                                                                                                                      Here is a man who ate failure for failure for breakfast, rejection for lunch, and a bucket of his secret recipe for dinner. According to grasshopper.com the Colonel pitched his product to over 1000 restaurants and carried the secret recipe in his car.

Walt Disney                                                                                                                                                                                                                                                                                                                                                                                                                         Believe it or not Mr. Disney’s company was over $4 million in debt in the 1930’s. He failed time after time always managing to mess something up. It wasn’t until his company released “Snow White and the Seven Dwarfs” could he manage to pull his company out of bankruptcy. After that he quickly rose to the top becoming a visionary to this very day.

Andrew Sieg                                                                                                                                                                                                                                                                                                                                                                                                                           That’s right, even I have a few failure notches under my belt. I started a business fraternity (Alpha Kappa Psi) on my college campus. As president I managed to keep it running for about a year before running it straight into the ground. The next week I started a social fraternity (Sigma Pi). After two years of hard work this fraternity is the newest and quickest growing fraternity at the University of Louisville. Failing was one of the best things I have ever done.

It doesn’t matter if you are starting anything from an accounting firm to a zoo. You need to fail. Every single day. Until you pitch your idea to 1000 customer like Sanders I don’t want to hear you complain about how much cold calling you’ve done. Eventually you will succeed. Every single day. How have you failed and what have you learned?

Network with me! Comment, share, and follow.

Hidden Entrepreneurial Strengths

While I have never been formally fired I have been told that I was too creative at work for my own good. Many people see this as a problem, as if I was a poor worker. The truth is I want to create something and continually innovate so that I may improve my world.

I also think people have had childhood experiences that have lead them to have an entrepreneurial personality. I was bullied in elementary school which shaped the way I saw others. I always make it a point to be inclusive as I can because I know what it is like to be left out or ridiculed. When everyone is included I open up a world of possibilities in which I leverage the strengths of everyone around me. Being bullied has also taught me to stand up to people who try to take advantage of me or other people I care about.

The most interesting trait for the college age would be entrepreneur is the fear of going solo. In college we are taught to be job takers and not job makers. We have been educated so a large company will hire us and we can start to be another cog in the wheel. If you are like me you dread at the very thought of this. At the same time we are scared to go out on our own because we feel we do not have the support of others or the talent to turn a profit. The reality is we have very little to lose because we do not have much to start with. We are usually not married, no obligations, and have nothing but time on our hands. If there is any time to be an entrepreneur it is while we are young. I think that children in elementary school should be taught about entrepreneurship as a career option. If small business is the backbone of this country why are we not promoting it from the ground up?

Many entrepreneurs I know also do not feel like they do not fit the “norm.” While many people are complacent in their jobs doing the same thing day in and day out, the entrepreneur just doesn’t feel right living this way. They often catch themselves thinking, “There must be a better way.” Consequently they are always looking for something that is better than what they have now. The entrepreneur is thankful to have a job, but she just knows she is not meant to do what everyone else does. It is almost a sense of destiny or a calling to do something great even if they don’t know what that is. I call it entrepreneurial awareness and it allows the entrepreneur to become very observant of opportunities that others easily pass over.

Learn From Einstein and be More Effective in Your Life

Albert Einstein may have been aloof too much of reality but unconsciously he exhibited many traits that are linked to top business professionals. Not surprisingly he attributed many of these actions to the discovery of some of his finest scientific work. Learn from these habits and find ways to incorporate them into your everyday life.

Have faith in your vision-the better you develop your vision and the more you believe in it, the more others will invest your vision

Do you think Albert turned the world of science upside-down by following the crowd? Of course not! He was aloof, often day dreaming about the results of experiments years before anyone tested them in a laboratory. He was way ahead of his time and you may be too if people are laughing you off the stage. That is why you must have the courage to create your own reality and believe in it so much that others will be intrigued by what you have to say.

Stand your ground-if you are on to something big, people will shoot you down.

Perhaps you’ve had an idea for months or maybe years. As soon as your idea starts gain traction others will aggressively attack you. The biggest thinkers always face the most resistance. Einstein challenged the leading scientists of his time. He could have conformed at their demand but he believed in what he knew to be true so deeply that nothing else mattered. When he was criticized Einstein was slow to get angry. Instead he would usually just smile and let the results speak for themselves.

Pursue your passion-what kind of life are you living if you are not doing what you love?-

To Albert Einstein nothing else matted other than science. He ate equations for breakfast, had theories for lunch, and devoured a textbook for dinner. He didn’t start out as a scientist but rather as a patent inspector. People noticed that he finished his work at the patent office unusually fast. He would work like a madman so he could spend the latter part of his day working on unfinished science problems. He knew what he was meant to do and would incorporate it into everything. Even on his deathbed Einstein had a notepad with simple math formulas written down.

Master your mind –

What have you learned today? Albert knew the importance of education. He was always curious about how things worked and never found any question too unreasonable for him. He studied broadly so he could take information from one field to solve a problem in another. His friends were just as diverse discussing everything from philosophy to cigars. In fact, many of his friends possessed knowledge that was absolutely critical to complete some of his most important work.


Keep relevant records-

Keeping clear organized records in essential if you want others to do your work as good as you. There is a simple and effective way to make this happen. Simply take time to write down how to do the most important things. Try to keep it to two pages at the maximum. These references will be useful in teaching your workers to be self-sufficient. If they know how you want the most important things done in a way they understand, this will translate into solving problems as you would. If this is done correctly your employees will start working just as good, or better than you.

 Know thy strengths

Albert knew what he was good at and he always sought to apply his strengths. He never was a great experimenter. Breakthroughs were made when he theorized with thought experiments. His brilliant mind could great create theories that could only be proven with experiments that could only be imagined. This is how he was always able to stay ahead of his time. Sometimes he would sit for days only thinking of thought experiments because he knew this was how he would create results that would make him valuable.

Complement your strengths

Einstein was not only aware of his spectacular strengths but he knew where his shortcomings were. He never really liked taking care of day to day tasks. His wife loved to be in charge which allowed her to excel in organizing and getting things done. She did everything from doing the bills to giving Einstein pocket money when he went out with his friends. Even when he needed his theories conformed he would ask other scientists to perform the experiments that needed to be done. Partnering with those who covered his weaknesses allowed him to concentrate on what he was the best at.

Question everything-

If you want to get the right answers you must first ask the right questions. Be like Einstein and develop a childlike sense of curiosity then refine your questions so they produce the right answers. Einstein would look at problems that people overlooked or just assumed what the answer was. This was a critical skill that helped him challenge and overthrow old theories like the concept of the “Ether.” A good starting point is to asses yourself and find your biases so you can challenge them. Do you give equal consideration on subjects you feel strongly about? What assumptions have you made when assessing this passionate topic?

Creatively Utilize your resources-

The story of Einstein failing math is a myth. In fact he excelled so well in math he started learning advanced math on his own. He eventually ran out of material to learn so he borrowed the books of a medical student who lived with his parents. He could have easily paid for books but he recognized the opportunity to receive something of value without giving up cash. He utilized a win-win mindset.

Share Credit-

There is speculation that Albert Einstein was not the first person to create the theory of relativity. Another scientist had described very similar thoughts at almost the exact same time. Did Einstein quickly assert his knowledge as the first and final say? No, in fact he conceded that he may not have been the originator of the theory and that his colleague was quite capable of figuring it out. It was routine for Einstein to ask the opinions of others and he often humbled himself when it came to being right. Albert would constantly ask others to read over his papers. He even credited his first wife to helping him with his first published papers. This made Einstein very well received and others often wanted to work with him because of the good things they heard of him.

Apply these ten principles and watch your effectiveness with yourself and others grow….at the speed of light! Be sure to post your thoughts.

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