![]() |
Entrepreneurialism Information |
|
|
The Cockroach Test
Let me ask you a question? Imagine I would offer you $10 for eating 10 living cockroaches. Would you do it? Now listen, I raise the ante and offer you $100. How does that feel? If you hear me saying "you get $1000 bucks" does that change something? Here is the ultimate offer 1 million dollars for eating 10 living cockroaches right now. What is your feeling now? I am sure, if you pictured the disgusting image you have shaken. You would never do it for one buck. At least most of us won't. But, the higher the gratification the more you start thinking about it seriously. Right? What does this tell us? Seems like there is something we connect to lots of money that let us consider doing things we usually won't do. What is it? The answer is: It is the balance between pleasure and pain. We tend to connect having money, lots of money in particular, with lots of pleasure. We imagine what we could do with all that money, Buy a house, travel, buy cars, dine out in the most luxurious restaurants, pay our kids a great education, have freedom, have fun and joy. The interesting thing is that we would take some pain even if we are not sure about the pleasure we can gain in the future. After all, before you would get the money you have to eat the cockroaches. A future pleasure can overturn a present pain. Now, why have I published this article in the business section? Because the principle is so basic that it is the guiding principle in business as well. Do you procrastinate? Sometimes maybe? The reason is that the pain of not doing what you should do is less than the pleasure you have by doing what you do right now. We all want to avoid pain and gain pleasure. The more pleasure we feel the more pain it needs to get us away from what we do. This is an important experience for every business owner. So, let me repeat this: "The more pleasure we feel the more pain it takes to get us away from what we do" You have heard about the importance to have a clear business goal. But a clear goal is not enough. What you need to be successful and totally committed is a business goal that really excites you. Something that is so pleasurable that it drags you every moment in your life. Something that has more power to drag you towards it than every pain you can imagine. Do you have such a business goal? Most businesses don't. That is the reason why so many businesses fail. It is not techniques, skills, knowledge, luck or circumstances. It is the lack of a goal that is so pleasurable that it makes you eat cockroaches daily only to get there. Unfortunately, money is seldom or never enticing enough to be that goal. Money is only a means to an end. Listen, do you really believe your goal in life is to collect green pieces of paper with the counterfeits of famous people printed on them? Certainly not. Remember the cockroach experiment. It is the pleasure you connect with the things you could do if you had money that made you want to eat the bugs. Making money is the worst business reason you can possibly have. What you need is a something where making money is a prerequisite but not the real goal. That way making money becomes a real need - which is important- but it is not the real goal. It is only an objective. Find the goal that would make you eat cockroaches every day and than make it your business. This is a surefire approach to success. Spend as much time as you need to find that goal, to find your purpose because it is the most important step in your whole business life. Everything else is just objectives. You ask me how to find a goal? Here is my answer. A goal is a dream with a timeline. To find a goal start dreaming. Dream yourself into the most pleasurable environment you can think of. What would that be? Be like a little child, curious and open. Remember in a dream everything is possible. Miracles can happen in a dream (and in real life). If you know you couldn't fail, what is it you wanted to do? How it would look like, what would it sound like, how would it feel. Develop your dream and than make it a goal by setting a clear timeline when it has to be reached. In 1 year, in 5 years in 10 years. Tomorrow? Whatever it is make sure you have a clear idea when you want to be there. And then, find the steps you need to take to get there. I can ensure you if you have a powerful, enticing goal you will start eating cockroaches every day and enjoy it. Because every single day will get you closer to your goal. Have fun This article may published freely only in its whole including all appendices. c 2005 by Norbert Haag Online Business Coach http://www.onlinebusinesscoach.com Norbert Haag is a business consultant, entrepeneur and sought after speaker for more than 20 years. His company - Online Business Coach http://www.onlinebusinesscoach.com - provides information and services for online businesses, small business owners and freelancers. You can reach Norbert at nhaag@onlinebusinesscoach.com.
MORE RESOURCES:
Entrepreneurialism - Google News |
RELATED ARTICLES
How A Woman Became A Successful Bill Collector In A Mans Industry And How You Can Too! I have worked in the credit industry for over 17 years now. When I first started out, I only knew a very few women in the industry. Franchising Companies Need New Franchisee Checklists When franchise companies are moving fast in the market place they must pay attention to the details. If a franchisor fails to give the required items as outlined in the franchise agreement to the franchisees on the prescribed timeline they risk legal issues and regulatory issues. 7 Small Business and Self Employed Law of Attraction Principles For Success It is widely held that one of the most important ingredients in small business success is perseverance. Deciding on a strategy and sticking with it. Do You Have What it Takes to be a Successful Entrepreneur? Print off this page, take the quiz and find out if you've got what it takes! See the scale at the bottom to mark yourself.Answer the following questions on a Scale of 1 - 51 - definately not 2 - not likely 3 - sometimes 4 - probably 5 - definitely--------------------------------------------------------------------------------1) Do you have many hobbies (besides TV viewing and playing video games)? ____2) Do you take a leadership role in group settings? _____3) Can you discipline yourself to finish a project, even if it means late nights and low recognition from your peers? ____4) Do you often think of new and innovative ways to do things? _____5) Do you enjoy meeting new people? ____6) Have you had success in the past in planning a project, and carrying it through to it's completion? _____7) Would you consider yourself a positive person? ____8) Even when things go wrong do you try to "learn a lesson" from the experience? ____9) Do you enjoy working alone? ____10) Do you manage your time well? ____11) Do you like to set goals and achieve them? ____12) Do you like to take calculated risks to achieve an objective? ____--------------------------------------------------------------------------------ScoringIf most of your scores are 5's you have a very strong "entrepreneurial streak" and should strive for your goals. Rambling Confessions of a Recovering Entrepreneur I told my family that I finally accepted that my passion had become an ob- session, and you could even call it an addiction. They all laughed. Starting Your Business: 3 Tips for Bootstrapping Your Way to the Top Bootstrapping a business startup does not necessarily mean that you are unable to find traditional sources of capital. It may mean that you are clever, or that you know a bargain when you see it, or that you are the type of person who derives a certain satisfaction from crafting something using your own hands and vision, from scratch. Be an Entrepreneur The Department of Labor predicts that the #1 employer in 2010 will be "self." A recent Internet poll of 25-44 year olds revealed that 90% of them hoped to own their own business. Motivation and Commitment Why do people start small businesses? The most frequently cited motivation for business start-ups is to allow the entrepreneur to achieve independence; money is secondary. Is this surprising? The other reasons named most often are that an opportunity presented itself, a person took over the family business, or the person simply wanted to be an entrepreneur. Double Down on Marketing If you want to compete in the world of high growth startups, you better know how to play the marketing game. Marketing has become a big stakes game where companies are betting fortunes on the success of their products. Veteran Entrepreneurs Are Growing In Ranks When I'm not running my own business, writing articles about business, speaking to groups and organizations about business, or consulting with companies who want my advice about the running of their business, I teach a weekly class on the subject of (care to guess?) starting and running a business.To quote my frequently-mentioned and wise-beyond-her-years teenage daughter, Chelsea, "Dad, you really need to get a life. Raising Capital for Your Business - How Long Does it Take? Most companies vastly underestimate the time commitment necessary to successfully complete a financing. In actuality, a company seeking financing needs to budget between 500 to 1000 work-hours to the capital-raising process, spread out over a 6-9 month time period. Find Out If You WILL Be Successful As a Franchisee? Will I be successful as a franchisee?One of the soundest pieces of advice to take when considering becoming a franchisee is to 'Assess Yourself'. Assess whether you can accept direction. Should You Write Your Own Business Plan? If you are just starting a company and looking for funding, or looking for additional funding for growth, you will need to develop a traditional business plan. Creating a business plan is a business hurdle that entrepreneurs seem to dread. Does It Really Take Money To Make Money (Online or Offline)? A Reality-Check of 2 Case Studies The short and simple answer to this question is NO!Now, before you start screaming that I am crazy, out of my mind, have lost my marbles and all the other things that generally get tossed around when someone has the nerve to state something like that, let me clear a few things up.It does not take a monetary investment to get your business off the ground (aside from the everyday items you already have around your house). The Power Of Personal Environments I've got to admit, I'm a big fan of comfort. I like it when things in my world are stable and reliable. Great Tips Of Choosing An Office You have decided to strike it out on your own and set up a business consultancy. Chances are you want to look at getting your own office premises. Coating Service Business Case Study There are many coating businesses in the market today, but have you ever asked yourself how one gets into this line of work? How they are formed or what prompts someone or some entrepreneur to go out and start a business to fill this niche? Well this is an interesting case study that shows how we became interested in this industry from a sub market of the coating business; Spray in Bed Liners. Our company is in the auto detailing business, www. Learn how to Compress Time In the popular 1980's movie "Dune," man learned that by "folding space" the distance between two points shortened and he could cover those distances faster. Around 1995, we found a substance that could bend time in the business community -- it was called Venture Capital. How to Be an Entrepreneur and Keep Your Sanity Define for yourself what an Entrepreneur is:What makes you think you can start and grow a business?Do you make something that people just have to have?Are you talented in a way that make you stand out from the crowd?What makes you different from Joe Schmoe?Conduct a quick skills assessment and ask yourself what makes you stand out from the rest?What are your ultimate goals? Why are you striking out on your own?· Burning Desire · Financial Empowerment · A new beginningWhat's the Big Idea: Contrast your strengths and weaknesses. Identify your hobbies, skills or your any innovative products you've created, then:· List it · Test it · Work it · Sell itTick-Tock-Tick-Tock. Achievements Outweigh Education and Experience Q: When it comes to succeeding in business, which do you think is more important: education or experience? -- Regina M.A: Regina, have you seen the television show, Fear Factor? If you haven't seen it you've probably heard about it. |
| home | site map |
| © 2006 |