Spring arrived yesterday with a last little flurry of snow. I was just finishing up my Friday morning shift at God’s Love We Deliver when I looked out the window to see flakes swirling in a mad rush to wave one last good-bye to the long, cold winter. And it was Winter’s nod to us to remind us that “I’ll be back”. I laughed as I thought about that dialogue between Spring and Winter. Nature’s changing of the guard.
Category: entrepreneurship
My Year of Hopefulness – Tired of looking for work? Use your superpowers.
Yesterday the New York Times ran an article about how the frustrations of job searching have caused some unemployed Americans to stop looking altogether and start their own businesses. This news made me so happy that I literally jumped up and down in my apartment while reading the article. I know that entrepreneurship is the way forward in this country and I am so glad to hear reports that it is taking root.
So what if you are someone like my friend, Kelly, who has a corporate job that she’s not all that thrilled with though she isn’t quite sure what kind of business she’d like to start? You could follow Alex Lee’s example as the CEO of OXO. He has an entrepreneurial spirit, though didn’t want to start from scratch with his own idea. He wanted to find a small company that made good products, and use his skills, talents, and interests to grow the company. He found that at OXO.
You could also start by focusing on your superpowers rather than on an idea for a business. Seth Godin wrote a terrific blog post this morning about harnessing our superpowers – not anything a la X-Men but a superpower being something that we do very, very well. Maybe you are a great story teller. Perhaps you have a knack for translating numbers on a spreadsheet into a narrative that gets people excited about a business. You might be a whiz on Facebook and Twitter. Do you draw well? Do you have an eye for color or design? Perhaps you make the best melt-in-your mouth sugar cookies. You might be the best listener on the planet.
The point of Seth’s post is that we all do something exceptionally well. The key to success as an entrepreneur is to start with your strengths. Build a business or join a small business where the majority of your time is spent doing the things you do best. It sounds so simple and yet think about how often we beat ourselves up every day for things we don’t do well. Our so-called “areas of development” take over our entire career. Think about how destructive and devastating that is to our self-esteem, self-image, and confidence.
There is a young man featured in the New York Times article who got so frustrated and depressed looking for work that he just stopped doing it. Out of his house, he builds jellyfish tanks that allow the jellyfish to live longer, healthier lives in captivity than they do in traditional fish tanks. Huh? How successful could that venture possibly be? He recently sold a tank to a restaurant for $25,000. The time he spent building that tank for that restaurant was far more lucrative than the same amount of time he had spent looking for a job in a down economy.
We aren’t in just another economic cycle. What we are experiencing is a step-change in the way our global economy grows and operates. Stop thinking about when your 401K and your company’s stock price are going to bounce back up to their 2007 levels. Focus on the opportunity that’s in front of each of us to contribute to the economy on our own terms with our own strengths as the very basis of our work. This is the way of the future.
NY Business Strategies Examiner.com: Alex Lee, CEO of OXO
“The company is a design philosophy. It’s about solving problems for every room in the house.” That began my recent conversation with Alex Lee, CEO of OXO.
For the full interview, please visit: http://ow.ly/VYL
NY Business Strategies Examiner.com: Attention Women Entrepreneurs – $10,000 to Grow Your Business from Eileen Fisher
I uncovered a great opportunity on Linked-In for capital available to women looking to grow their businesses. The retailer Eileen Fisher is taking applications for a $10,000 grant for a woman entrepreneur with an innovative, socially conscious business.
For details on the grant and to apply, visit: http://www.examiner.com/x-2901-NY-Business-Strategies-Examiner~y2009m3d11-Attention-women-business-owners-money-to-grow-your-business-from-Eileen-Fisher
NY Business Strategies Examiner.com: In the Heights
My latest post on Examiner.com – A look at the Broadway show, In the Heights, from a business perspective: http://www.examiner.com/x-2901-NY-Business-Strategies-Examiner~y2009m3d10-In-the-Heights–a-case-of-entrepreneurship-in-the-arts
NY Business Strategies Examiner.com: Advice for Western Entrepreneurs in China
Today I read a terrific story about entrepreneurship in Fast Company. The author, Andrew Collins, talks about his experience of being a Australian-born entrepreneur in China. He is the CEO of Mailman China.
To read the full article, please visit: http://www.examiner.com/x-2901-NY-Business-Strategies-Examiner~y2009m3d2-A-stranger-in-a-strange-land-Western-entrepreneurs-in-China
This photo appears courtesy of Scott Write, Limelight Studio (Shanghai)
NY Business Strategies Examiner.com: Are You Ready For the Start-up Life?
The Wall Street Journal ran a special entrepreneurship section that serves as a guide to help us determine if the start-up lifestyle is the right one for us. I enjoyed reading the article that asks us a set of questions to help us get our arms around what it means to be an entrepreneur. The article is a little bit negative so I wanted to highlight the questions below and add some commentary on them that shines a more positive light on the opportunity to be an entrepreneur.
To view the full article, please visit: http://www.examiner.com/x-2901-NY-Business-Strategies-Examiner~y2009m3d1-The-WSJ-puts-you-to-the-test-are-you-cut-out-to-be-an-entrepreneur
NY Business Strategies Examiner.com: Entrepreneurs Find the Silver Lining
There is very little to cheer about these day in the world of business. At least until yesterday. An article ran in Crain’s that shows that entrepreneurs who were initially shell-shocked by the rapidly declining economic environment may be picking their heads up and finding the gold nuggets hidden in the rubble.
To read the full article, please visit http://www.examiner.com/x-2901-NY-Business-Strategies-Examiner~y2009m2d27-According-to-Crains-entrepreneurs-are-finding-the-silver-lining-in-this-economy
NY Business Strategies Examiner.com: an interview with the owners of Baked, a bakery in Red Hook and Charleston
Matt Lewis and Renato Poliafito are cooking up something special at Baked. a bakery with locations in Red Hook, Brooklyn, and Charleston, South Carolina. The duo have an extensive baking repertoire, serving up sweets that run the gammet: classics like chocolate chip cookies and carrot cake, new takes on old favorites like their apple pie with a splash of bourbon and vanilla bean, and wholly original offerings like homemade marshmallows and granola. Oprah named their brownies one of her Favorite Things.
To read the full article, please visit: http://www.examiner.com/x-2901-NY-Business-Strategies-Examiner~y2009m2d25-The-duo-behind-Baked-an-interview-with-Matt-Lewis-and-Renato-Poliafito
My Year of Hopefulness – Sleep
There was one take-away from the Stanford University panel “The Global Leadership and Talent Equation” that is so powerful and simple that it deserves its own post. Eric Benhamou, Chairman and CEO, Benhamou Global Ventures, is a seasoned veteran who has started, run, and sold many businesses during his long and distinguished career. The final moderated question of the panel asked what is one piece of advice that the panelists had for every aspiring entrepreneur. Eric’s answer: sleep. The audience laughed at this answer. Of all the things we need to do and should do as entrepreneurs, Eric recommended “sleep”? In all seriousness, yes.
Eloquently, he made his case without cracking a smile. Eric describes Silicon Valley as a chronically sleep deprived area of the world. With so much to do and learn, there is hardly time to slow down. Yes, Eric argues that in order to keep going, we have to slow down. He discussed how a lack of sleep depresses the immune system and makes clear, decisive decision making nearly impossible. Sleep helps us to reason through difficult problems; it gives our minds time to dream.
In addition to sleep, the idea of pure down time is critical to staying at the very top of our game. Downtime can take the form of a hobby, socializing, running, or meditating. I also think that there’s something to be said for getting some time out in the fresh air every day, unplugged from any kind of electronic device, off of concrete. When I was in San Francisco, I found myself lifted from a funk I have been in for a while. As I was walking through a park, I recognized the cause of my funk — I needed to see some greenery, something that symbolized life. In New York it’s grown pretty gray and we’ve been dealing with the tail-end of a cold winter. We all need a little sunshine, a little warmth, and a little green in order to keep our spirits up.
Entrepreneurs, take yourself for a walk and get some shut-eye. You’re going to need it.