Passion Archives - Dr. Ivan Misner®
three P's

The Three P’s Of a Great Entrepreneur

There are a variety of factors and circumstances that go into the making of a great entrepreneur. However, there are a few personality traits that will help you make the most of any and every situation you find yourself in, and that could prove the difference between success and failure. It is important to reiterate that there is no sure guarantee to success. However, with the three P’s in your arsenal, failing will not remain an option.

See if you have these three P’s, which have been found to be the hallmark of all great entrepreneurs.

Passion

Passion is the prerequisite for success in almost any aspect of life. Especially when being an entrepreneur comes with the promise of long hours and problems to deal with every day. Only passion can motivate you to keep at your dream in spite of all the hurdles in your way. There is no guarantee that you will be realizing your dream at the end of the journey. Then again, as an entrepreneur, the journey can be never-ending, and your passion is what will see you through it all.

Persistence

What is the reason 90% of startups fail to continue beyond their initial years? Lack of persistence could be the answer. It takes persistence to survive the critical early years and overcome the challenges that every entrepreneurial initiative is bound to go through. Many believe that securing your funding and starting out is It. However, reality proves that this is only the first step. Unless you keep at it through all the hurdles that you face, you will only be a statistic in the course of history.

Problem Solver

The third most important thing that can make a difference in your success is your attitude towards problems. A lot has been said about this, but it might not be enough. As an entrepreneur, one thing you will find yourself doing a lot will be solving problems. The experience of most great entrepreneurs has shown that unconventional thinking and the ability to take calculated risks is what matters at critical junctures.

Luckily passion also means that work will not feel like work, just the way of life; and happiness at doing what you love will enrich the experience.  Your passion will guide your ability to persist. So the greater your passion for your chosen idea, the higher will be your ability to persist at it till you succeed. Only if you are good at problem-solving and able to find the right people along the way to help you will you ever be successful.

Pillars of Business: Passion and Commitment

Let’s say you own your own business. You’re toiling away, working harder than you ever have because it’s something you LOVE–this business is your passion. But you feel yourself getting distracted; you sense the urge to cut and run. What do you do? Do you give in and find something else that isn’t quite as time consuming or difficult-or-do you stick it out and make this potentially the best endeavor you’ve ever sought out?

Three words comes to mind: don’t give up.

You can have as much passion as any entrepreneur ever has; but if you don’t couple your passion with commitment, you’ll never see the results you hoped for. You’ve heard me say, “Be a dog with a bone.” It applies well here-it means don’t let go. Hold on to that bone as tightly as you can.

But HOW do you commit? It’s true-it’s easier said, than done. I’ll tell you how-but it’s up to you to apply it to your own life, and your own business.

Using Your Passion to Sell Your Business

ID-100228591Are your referral partners excited about your business? Getting your referral partners excited about your business is one of the top ways to generate more referrals, and build your contact base more.

You’re probably sitting there thinking, “Oh, but nobody could be excited about my business. I do XYZ, and that’s boring.” Are you excited about what you do? Are you passionate about what you do?

Hopefully, the answer is yes – as a business owner, you should be excited and passionate about your business. That passionate you have for your business should show in how you describe it, and excite your referral partners. If you’re not excited about what you do, no one else will be either.

Think back to a time when you heard a motivational speaker, perhaps as a keynote at a convention or during a seminar. When you left the room that you heard the speaker in, was there an energetic buzz in the air? Were the other attendees excited about what they heard? Usually, the answer to that question is yes. But why?

Motivational speakers have an uncanny ability to share passion through their words, which increases their credibility and helps listeners remember their messages better. The very same end goals should be what you have in mind when educating potential referral partners about your business.

Increasing the excitement about your business can be easy. Take time to think about why you are excited about your business. What about what you do makes you look forward to waking up in the morning and going to work? Your personal challenge in networking is to have an extraordinary message that not only captures, but highlights, your passion and the essence of your business.

My challenge to you this week is to explain something about your business that excites you to a referral partner who may not have known about it before. See how they receive this information, or if they start to get excited, too.

Let me know in the comments below how that passion-fueled conversation goes!

Do What You Love & You’ll Love What You Do

What is currently the single hottest, most profitable business you could possibly get involved with? . . . There’s only one right answer and it is this: whatever you’re passionate about.  That’s right–the specific answer will vary from person to person but the basic answer will always remain the same; follow your passion and you can’t go wrong.

In this video, I talk about how powerful and fulfilling life can be when you make your living following your passion.  I also discuss why following your passion can play a huge part in cultivating long term success and how if you don’t love the business you’re in, you will never have sustained success in your business.

So, what are you passionate about?  Even more important, how did you begin following your passion or how do you intend start following your passion?  Please share your thoughts below . . . I’d love to hear your story!

Keeping the “Fun” in the Fundamentals

When it comes to business, having fun is something that’s almost never talked about–it’s almost like people think fun and business are two completely unrelated, and mutually exclusive things.  However, I don’t share that opinion at all.  I definitely think it’s important to have fun in business; in fact, over time I’ve learned that having fun is something businesses and networking groups alike need to do in order to truly enjoy lasting success.

In this video, I talk about how important it is to keep the “fun” in the fundamentals.  To sum it up, if you don’t have fun, it’s easy to lose track of why you are where you are and why you’re doing what you’re doing–it’s easy to lose your excitement.  Once you lose your excitement for something, your passion for it is gone and it’s very hard to be successful at anything if you’re not passionate about it.  This is why it’s so important to have a good time in whatever you’re doing–business, networking, or otherwise.

After watching the video, please share some of the ways you (when it comes to your business and/or networking) or your networking group (when it comes to your networking meetings) keep the fun in the fundamentals.  In the spirit of fun, I’ll review all the comments next Friday (3/29) and I’ll send a surprise gift to the ten people whose tactics for keeping the fun in the fundamentals were the most striking, impressive, and creative.  Thanks and I’m looking forward to hearing from you!

Who Are You Surrounding Yourself With?

A significant challenge for business owners who have stepped out of the world of corporate support and started their own enterprise is that they become worried and scared to take chances on their own.  In this short video, I speak with Dubai, UAE Referral Institute® franchisee Phil Bedford about success and the importance of the people business owners surround themselves with.

Jim Rohn has said that people are the sum of the five people they are around most and Phil has a related piece of key advice for business owners:

“Surround yourself with highly motivated, passionate people (who) want to help you succeed.”

So, who do you surround yourself with?  After watching this video, are you going to make it a point to seek out individuals who are more successful than you are, even if they initially intimidate you?  Leave a comment to let us know your thoughts about the video and what kind of efforts, if any, you’re going to make to surround yourself with those who will influence you and your business positively.

Thanks for watching!

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