Focusing on the Dream – 10 Tips for Entrepreneurs

Found this article on the August 2012 issue of Entrepreneur (Philippine edition) magazine. The article is entitled, “60 Tips for ‘Treps” by Jimbo Owen Gulle. It dishes pointers and tips from well-known figures and entrepreneurs ranging from idea inception to leadership and business development.

I’d thought it would be nice to share these tips for wanna be entrepreneurs out there. For conciseness sake, I’ve broken it down to 6 parts (posts) corresponding to the categories described in the article.

Here’s the first batch of tips concerning chasing and focusing on your dreams.

10 Tips for Entrepreneurs (On Chasing The Dream)

     

1.  Love your work.

  • “The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.”   –Steve Jobs, co-founder of Apple Inc.

2. Don’t rest on your laurels.

  • “We sold our fantasy sports company for a sum that at that time we thought was really ridiculous – $31 million…As it turns out, a day after, we were literally in a production meeting for Multiply.com.”   –Peter Pezaris and David Hersh, co-founder  of Multiply.com

3. Keep an eye on the prize.

  • “In the beginning, I was so sorry for myself. I didn’t have money because everything we earned went straight back to the business. Still, it was a balanced life and the business which always kept me busy…When I started realizing the benefits of being in business on my own, I no longer wanted to return to my old job.”   –Margie Bulaan, founder  of Whimsical Wagon, Co.

4.  Share what you have

  • “I also wanted to share my experience and knowledge – to provide solutions that would benefit others and to prove that Filipinos have the skills to compete on a global scale.”   –Florante Cruz, founder of BC Net Inc.

5.  Jump at the chance.

  • “I have learned to open my eyes to opportunities and to be a risk-taker when necessary. If you always look at what could go wrong, your fear would freeze you into inaction.”    –Rolando Liwanag, founder of mobile phone retailer IDD Celfone

6.  Always be prepared.

  • “Luck is a matter of preparation meeting opportunity.”   –Oprah Winfrey, media mogul

7.  Learn your lessons.

  • “It’s fine to celebrate success but it is more important to heed the lessons of failure. ”   –Bill Gates, co-founder of Microsoft

8.  Keep moving.

  • “Success seems to be connected with action. Successful men keep moving. They make mistakes, but they don’t quit.”   –Conrad Hilton Sr., hotel chain founder

9.  Be immersed in your business.

  • “A business has to be involving; it has to be fun, and it has to exercise your creative instincts. ”   –Sir Richard Branson, founder of the Virgin Group

10.  Chase your dreams.

  • “All dreams can come true, if we have the courage to pursue them.”   –Walt Disney
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