The secret sauce of an entrepreneur

9 02 2010

The week after I posted my simple business plan, I was workin’ it.  I did everything I could to make at least one sales call per day to keep the momentum going.  I always found that after that first call I found energy and motivation to make a few more.  It’s always getting started that’s the hard part.

And so I’ve been thinking about what makes a good entrepreneur.  And one quality I keep coming back to is determination.  Or to better phrase it, “pigheaded discipline and determination“.

This means making non-negotiable disciplines truly non-negotiable, and relentlessly pursuing my business goals every day, whether I feel like it or not.

Add a dash of passion and focus, stir it up with some momentum, and I believe you’ve got the secret sauce of an entrepreneur.

Of course, the sauce isn’t the meal — you have to actually have an idea too 🙂  Anything missing from this secret recipe?

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Wisdom applied to starting up

3 08 2009

As I write this, I am right in the middle — man am I ever in the middle — of a huge push to release the next version of ClimbPoint, which will blow people away and remove all sorts of reasons people have had not to shell out the cash for the product (pie in the sky rah rah pitch courtesy of the FogBugz 7 vision statement).

Last month I decided that I would apply a little wisdom in releasing the new version (Dicey at Best) by August 15.  I’ve been reading Proverbs lately, and that’s one source of my idea for a development sprint (also inspired by fellow entrepreneur Tim Haughton).

Proverbs 14:23 – All hard work brings a profit, but mere talk leads only to poverty.

I’ve also been inspired by the ideas of Earl Nightengale in Lead the Field, where he talks about reward being in proportion to a person’s service to others.  So in laying out the features I’d include in the next version I’ve picked the ones that I think will serve the greatest number of potential customers (kind of a no-brainer, huh?).

Anyway, in completing my development sprint I’m focusing on just two keys for success:

Work every day

Every day I’m aiming for only 30 minutes of focused work.  On most days I’ll end up working for a few hours, but none of that can happen without those first 30 minutes.  I find 30 minutes manageable, especially on those days when I feel swamped with other responsibilities.  I picked up this idea from Neil Fiore’s excellent book The Now  Habit.

Focus on starting

So my one goal each day is to start at least once.  I find that if I can keep my momentum moving forward, I’ll tend to use my mental free time to think about problems that are holding me up.  I also try to “leave a little in the tank” each day by stopping before I feel I’m stuck and by making a note of the very next thing I need to do when I come back to the project.  This tactic has really helped draw me toward work rather than repel me from it, so thanks to Twyla Tharp and The Creative Habit for that one.

Those are the two main keys, but there are many other ideas that I’ve gleaned from the books mentioned above.  I highly recommend all of them, especially Lead the Field.





An LLC is born…

4 03 2009

Early on the morning of January 16 I became the proud parent of a brand new LLC.  Spurred on by a couple more sales early in the month, I decided to take the plunge and register ClimbPoint, LLC with the State of Indiana.

Once I decided to move on it, the entire process was seamless and done in less than a day — who knew you could register a business in Indiana online?  My next steps are to register for an employer identification number and complete a BT-1 form so I can charge tax on in-state sales.

Throughout the entire process, NOLO’s Quick LLC has been a great resource.  And for those who aren’t as interested in learning the ins and outs of an LLC, NOLO offers an LLC Maker that promises to get the job done faster.

So for those who have wondered what I’ve been up to this winter (and it’s been a long winter), forming an LLC was at the top of the list, right below traveling to India for a friend’s wedding.

For now it’s back to working on the next couple versions of ClimbPoint, which will definitely be out in time for the CWA Summit in Boulder.





Getting my MBA

1 09 2008

Earlier this summer I had the good fortune of speaking with someone about entrepreneurship who recommended The Personal MBA, which is a reading list of 77 top-notch business books.

Since learning more about business during graduate school I’ve thought a bit about the possibility of pursuing an MBA — but the reality is, I’ve had all the school I can handle for awhile.  So a Personal MBA seems like a great option at this point.

A couple weeks ago I put my Amazon Prime trial to good use and ordered the four books below with some seed funding from my grandmother 🙂 . I may order a few more before the end of the year.

So far I’m about halfway through The Ultimate Sales Machine, and I recently finished 10 Days to Faster Reading.

I was somewhat skeptical about a book on reading faster, but I can’t argue with the numbers: on Day 1 I was reading 400 words per minute with at least 90% comprehension, and on Day 10 I was at 600 words per minute and 90% comprehension.  Along the way I picked up some useful tips both on the mechanics and proper mindset of reading efficiently.

Of the set of books above, three of them are in the Quick Start category on the PMBA website.  After I finish those I’ll likely move on to a few books from the Productivity & Effectiveness section, plus one on communication: