Do You Have the Special Qualifications it Takes to Be a Mentor to Online Business Entrepreneurs?

Are there special qualifications for being a mentor to online business entrepreneurs?  Do you have them?  You must decide for yourself.

I have encountered many people who declare they are the best business mentor because they have made a lot of money online.  Yet, it is obvious from their actions that they lack character.  Many are more adept at taking your money than in teaching you how you can become an ethical success.

The qualifications for a being a good mentor to an online business entrepreneur start with having your own mission and vision for excellence in business, whether you are in  internet marketing or a home-based business.  You demonstrate those in your behavior every day.

You care that everyone in business, including online entrepreneurs and home business owners, respond to the expectations of clients, consumers and the general public, that honesty and integrity are integral to a successful business.

You are a standard-bearer for the idea that businesses owe a debt of gratitude, because being a success is a privilege.  So you share a commitment with other online business entrepreneurs to promote professionalism in all aspects of online business. 

You do not give in to failure and encourage others through your own example.  You recognize that it is through the failures that you learn and become more confident in yourself and your ability to get back up when intractable setbacks occur, sometimes one after another.

Finally, you realize that you do not have all of the answers and that continued education in your industry  is the best way to grow.  You are passionate about personal development as a means to help yourself and other online business entrepreneurs remain successful.

A Small Business Entrepreneur’s Top 10 Playbook

# 1: Have a Vision – Where is that you see your business in 3 to 5 years? How do you want it to look? How do you want it to run? Do you have a business plan? Do you have a Mission Statement? Do you have a Vision Statement? What is your succession plan?

# 2: Believe in Your Talent – Talent by itself is never enough. There are a lot of times that people who have tremendous talent come up way short of ever fulfilling their potential. You have to believe in your talent, be passionate about your talent, continue to invest in your talent and surround yourself with the best talent available.

# 3: Assemble Your Team – A smart business entrepreneur makes sure that he or she is surrounded by talented professionals and not just a bunch of “yes” people. It’s essential that you have a professional corporate attorney, CPA, financial advisor, bookkeeper, insurance person and a front office manager as part of your team. An attorney and CPA are must from the start, and you can add additional pieces to your team as you grow.

Be sure that you take the advice of your professional advisors, after all that’s what you pay them for. You may not always like what they have to say, but it’s important to listen to them.

# 4: Empower Your Team – Equip your team with the resources that they need in order to be successful. In addition to helping them be successful, you’ll be successful too. It’s tempting to take shortcuts in order to save money, but it’s important to keep your team up to speed in this day and age of high technology and development.

Your team will consist of professional advisors and everyday employment personnel. No matter what position they occupy in your business, it’s important that they have the tools that they need in order to help your business be the best it can be.

Another thing to keep in mind is to delegate responsibility and decision-making capabilities to various personnel throughout your company. An employee, who feels empowered by the owner, is a much more productive employee.

# 5: Peer Networking – One of the most valuable activities that you can involve yourself with as a business owner is networking with your peers. There are numerous opportunities for you to get outside of your business and network with other business owners.

There are groups such as the Chambers of Commerce, Rotary, Business Associations, and several weekly or monthly membership-based networking groups. Make sure that you attend one or two networking activities a month in order to promote your business and find out about those businesses in your community.

# 6: Realize Early on That You Don’t Know Everything – Most business owners find themselves at various stages of their businesses, having to wear a multitude of hats. That’s okay from time to time, but it’s also important to keep in mind, that there are probably other people out there who can do a much better job than you can simply because they can bring a different perspective. Every business owner will find themselves at the early stages of their business for fulfilling just about every role imaginable, be it answering phones, scheduling clients, marketing and/or keeping the books,…. and that’s fine from time to time (matter-of-fact it’s good to learn every position in your business) but you don’t want your business to rely on you having to fill every role.
As soon as you’re able, delegate responsibilities to others on your team so that they feel more valuable, and it eases the workload on you.

# 7: Realize Early on You Can’t Do Everything – Similar to what’s above, realizing early on that you can’t do everything is a key to business success. There is a very high “burnout” factor for owners who have an “I – can – do – it – all – by – myself” attitude and refused to delegate responsibilities to other members of the team. You may feel like no one can do it better than you can (and that may be true), but if you want to keep your team engaged with a sense of ownership and empowerment, it’s important to delegate responsibilities to them because it shows a sense of trust and confidence in the rest of your team.

There will be plenty of opportunities for you as a business owner to “burn the midnight oil” so you might as well wait for those opportunities to roll around and be well rested and prepared.

# 8: Stay Current – With technology advancing at warp speed, it’s important for every business owner to stay up-to-date with some of the latest and greatest resources to help your business. It’s true that there’s so much out there that one cannot possibly absorb it all, but that goes back to the matter of you needing to be an owner who can keep his/her “head up” to see the big picture and opportunities in front of you and not get wrapped up with a “nose to the grindstone” mentality and approach.

Be adventuresome and daring in trying new techniques and technology that can help enhance your business. It’s okay to take a “trial run” at various techniques just to see how they may fit into your business. One thing is certain, “nothing stays the same, and change the only constant”. You’ve got to keep up with the ever-changing world that we live in.

# 9: Don’t Be Afraid of Change – Even if you feel that you aren’t changing, the world around you is. More importantly, if you aren’t changing, you can bet that your competitors are, and most likely trying to change for a competitive advantage over you.

It’s only natural for us to get complacent and doing the same old thing because that’s what we’ve always done.

I’ve got a great quote on the wall in my office that says “change is inevitable…. but growth is optional”. I don’t know about you, but I choose to grow.

One of the advantages of having a diverse team is the fact that they offer a broad range of perspectives and opinion. Older employees tend to stick to a tried-and-true method that may or may not be outdated, while younger employees have fresh brand-new ideas that you may want to consider implementing if the time seems right.

# 10: Find Your MVP – In order for a small business to thrive, it’s important for it to operate as a team. In order for a team to thrive, it will have many movable and variable parts that need to stay coordinated together.

Every team has an MVP (Most Valuable Person) who the owner feels comfortable and confident enough in to have that person has his/her “Go – To – Guy”. For me that person is my operations manager, Rosemary Bennetts, who has been with me from day one over 20 years ago.

Your MVP may or may not be the most visible or well known person on the team. Your MVP may be someone who is tucked away in a back office, with their sleeves rolled up, and battling daily in the trenches in order to keep your business running. Your MVP may be your front desk person, or your hot shot salesperson that you have out in the community. Whatever the case, work closely with your MVP (they most likely know how the business works better than you do) and recognize them and appreciate them in an appropriate manner.

Be the Best and Success Will Follow – Successful Home Based Business Entrepreneur Characteristics

Are you the best? Is being the best simply locker room big talk, or is it something to strive for? Whatever standard you set for yourself as a home based business entrepreneur and as a human being, viewing excellence as a process, rather than merely a goal, can empower you toward high achievement.

THINK POSITIVELY: In business and in life, “to think is to create” is a proven formula. If you don’t visualize a positive outcome, if you can’t see yourself winning as a home based business entrepreneur, you’ve just made the mountain even higher.

Reaching the summits of success is a battle of the mind and it starts with a positive attitude towards all things. Napoleon Hill said it best, “Think and Grow Rich”.

HAVE A CLEAR VISION: The more precise your vision of a desired outcome, the higher the likelihood of it coming true. This isn’t new age-speak; it’s been ascertained that successful people in more than just the world of business, envisage their ambitions with much more clarity compared with others. See what you want and see it clearly, then go out and make it happen.

BE A POWER HOUSE: High achievers are uncompromisingly relentlessness. They never quit. They never let the tough times get them down. They are determined hard workers but more importantly they are determined smart workers. When they’re dropping off the pace they become even more determined smart workers. Highly successful people always search for ways to accomplish more, to go beyond the level at which other people are satisfied to stop.

NEVER STOP GROWING: High achievers never settle. They relish their successes and then they get right back in the game. Like an elite athlete, a successful home based business entrepreneur will honor the basics; they are always in spring training looking for ways to improve, to get stronger and to play at a higher level.

The world is full of seminars and books and CDs/DVDs covering all manner of personal growth opportunities and all of them are worth your time.

BRING ON THE COMPETITION: Champions respect their competitors not as enemies, but as catalysts they can leverage to push themselves to a higher level. Competition keeps you sharp; it pushes you to look at yourself and your business plan critically and to keep your focus in the face of life’s distractions.

SERVANT LEADERSHIP: Leadership is an earned right. High achievers know that the best leaders bring out the winner in everyone. They seek to serve rather than to be served, to empower success by extending their vision to others.

Your relationships are a lifeline that connects you to your dreams, so care for them as the most important element of your business plan. Core values of respect, courtesy and accountability, when combined, are the key to making sure your lifeline remains strong and keeps you connected. Make sure the mark you leave behind is a thing of beauty.

MAKE A PLAN: Your most valuable business treasure is your time. How you manage it determines your success as a home based business entrepreneur and to make the most of every day you need to prioritize.

Don’t allow the minor elements to discourage you, even when the larger issues seem intimidating. Develop work habits that drive toward efficiency and have the discipline to understand the hierarchy of value relative to what must be accomplished.

NEVER MAKE EXCUSES: Stuff happens, that’s just part of life. The first step in recovery from any set-back is acknowledgment and the facing of reality.

Learn from your mistakes and those of others. Look upon adversity as an opportunity for growth and change. Hold your head high and get back in the game, knowing that nothing can stop you.

NEVER SETTLE: Good isn’t good enough any more. When you take on becoming the best, just being good is not an option. Being good is a seductive enemy because it lures you into a state of complacency. At best, good is a stepping stone toward excellence and excellence is a stepping stone toward becoming the best.

DREAM ON: It takes courage to dream. Dreams are the stone slabs upon which high achievement is built and while stone slabs are not enough, they charge action with focus and energy.

Are you simply the best? Hopefully your answer is no, not yet. Because there’s always a higher level to be attained and outstanding achievers harness the power of these fundamentals to go there.

Choose to be one of them. Choose to honor these basic principles of success. Dream big, work smart, and never say never.

How to Have a Business Entrepreneur Idea

It’s very tough when you see a new and successful business entrepreneur idea not to feel a little annoyed. You ask yourself: Why didn’t I think of that? This is especially so if you feel you really have been committed to coming up with the next big thing. So here are a few tips to help those ideas come to mind a little more easily:

Business entrepreneur tips

Expect ideas to come to mind – This might sound a little lame as a starter, but your reality is formed very much according to the thoughts you entertain most frequently and with most passion. If you don’t think you will have a great idea, and you then make it worse by beating yourself up about it on a daily basis, you are shooting your ideas messenger before he can even set off to tell you anything useful.

Keep an open mind – Similarly, don’t rule out anything for any reason. Ideas can come from anywhere and you don’t necessarily need in-depth knowledge of a subject to create an entrepreneurial business from it. If you have a great idea, you can learn what you need to know, or you can bring in people who have the requisite knowledge.

Write down your ideas – Whatever comes to mind, write it down. It may not make much sense to you now, but it could trigger a fresh idea in a week or a month that does take off. Or it may be that you don’t have the time to deal with an entrepreneurial idea right now, so you file it away in your brain for later. Then you forget it. So write it down.

Talk about your ideas – Other people are a great sounding board, and can often bounce back some magical ideas in return. Talking helps clarify ideas in your mind. Make sure it’s someone you can trust, though; you don’t want a rival running off with your idea and developing it.

Keep a learning attitude – Enjoy the idea of learning new things on a daily basis. This is really easy with the internet. Or grab a magazine and dip into articles you wouldn’t normally read. You never know when a business idea may pop out at you, even from an unfamiliar topic. Talk to people in other business ventures, or anyone who seems to have an unfamiliar take on life. If you limit your learning, you limit your source of ideas.

Find out what people want – If you know what other people want but cannot get, you have identified a potentially good business opportunity. The best business entrepreneurs in the world are able to solve the problems of other people buy providing a relevant product or service.

Research your ideas – If you really think you’ve hit upon a good entrepreneurial business idea, do some research to establish if anything else exists like it. Weigh up if you will be entering a marketplace you can thrive in, or barely survive in.

Go to bed – Some of the best business entrepreneur ideas come when you are sleeping, or existing ideas work themselves into a better form when the unconscious mind is allowed to play around with them. Keep a pad and pen by the bed, just in case.