Tag Archives: motivation

Off The Beaten Path

Over the last year I have been working on a project funded by the European Investment Bank to help young entrepreneurs in the occupied territories in Palestine. The project has been an amazing learning experience for me. Sometimes you have to move outside your comfort zone and beyond your normal pathways in order to discover new parts of the planet and new sides of yourself. The photo is from the Technical University of Hebron and was taken in December 2011. What impressed me most about this group was their eagerness to learn and their insightful questions. Rather than being focused on the hopelessness of the situation in their region, these brave young entrepreneurs were searching for opportunities and seeking solutions to problems.

This is true entrepreneurship at its best. Becoming an entrepreneur means taking responsibility for your life and taking action to make good things happen.

Inspiration – What is your calling?

I believe that we all have something special to offer this world. No matter who you are… No matter what skills you possess or don’t possess, you have something special to contribute. Scientists have not yet succeeded with cloning a person. Each one of us really is unique. Totally unique. No two are alike, and therefore we each have something unique to offer this world.

What is it that really motivates you? What is it in your life that gives you energy and inspiration? What gets you up early in the morning or keeps you awake sleepless all night? Finding true inspiration is crucial for an entrepreneur. If you are not inspired by your work, then it will be a constant struggle. If you are truly inspired, then it will be a breeze.

So how does your business and your work inspire you? If it does not, then what would it take to change this? There is a huge amount of energy available to you if you can tap into inspiration. Money and fame will only motivate you so far. Finding a bigger agenda and aligning your life values with your startup business are keys to accelerated and sustained success.

Do you agree with this? Then hire yourself a coach to challenge you for 3 months. See what kind of huge changes you are capable of.  I have seen some pretty amazing and inspiring things the last years of coaching entrepreneur­­s. How about you?

INSPIRATION
When you are inspired by some great
purpose, some extraordinary project,
all your thoughts break their bonds;
Your mind transcends limitations,
your consciousness expands in every
direction, and you find yourself in a new,
great and wonderful world.

Dormant forces, faculties and talents
become alive, and you discover yourself
to be a greater person by far than you
ever dreamed yourself to be. 
– Patanjali (1st century BC)

Want to turn-around your business and achieve results in record time? Contact me to discuss Executive Coaching, Group Facilitation and Management for Hire services for technology companies. You can learn more at www.ricksalmon.comwww.xelerator.com and at www.e-unlimited.com.

Rick Salmon is an energetic entrepreneur who lives in Norway and believes that European startup companies can succeed and grow quickly if only they get the proper help and assistance. Please join the discussion and leave your comments. Subscribe to this newsletter/blog to receive frequent updates and tips.

How Can Entrepreneurs Keep Faith?

Something that all entrepreneurs will face sooner or later are setbacks, delays and rejection.  It goes with the territory, yet one of the hardest things is keeping faith and energy in your project, regardless what comes your way.

How do others do it? How do they keep their belief in spite of resistance?

faith |fāth|  noun
1.  a complete trust or confidence in someone or something : based on belief rather than proof

I have been working on raising capital for a new business for the past few months. We have written a solid business plan. We have a strong team. We have developed a product with potential. We have customers who are willing to use their time and efforts to help us get to market. We have bootstrapped the company as far as we can without external financing, and yet raising the startup capital is taking longer and proving to be harder than expected.

What should we do in order to keep the faith? How can I keep my team focused and moving ahead at a brisk pace when the funding process is slowing us down and stealing lots of our energy?

I asked a friend who is an experienced entrepreneur. He said “Trust your gut feeling and act… Just keep taking massive action.” I think this is good advice that I intend to follow, but it still did not address the core issue of how to stay motivated.

So I called another friend who is a coach. Of course, he replied with some questions. He asked me the following:

  • Why did you begin with this startup business in the first place?”
  • “What do you want to get out of it in the long-term?”
  • Why is this business so important to you?”
“He who has a why can endure any how.”
— Friedrich Nietzsche (1844-1900) German philosopher
“Give me a big enough WHY and I will always be able to figure out the HOW”
–from the book Unlimited Power by Tony Robbins

It was then that I realized the answer to my question.

In order to keep myself and the team highly motivated, we must keep our focus on our PURPOSE. We intend to build a strong business. We have created a product that solves a real and relevant problem in the marketplace. When we get it to market, hundreds of millions of children and senior citizens will benefit. This is our purpose and the reason that we created this business. Connecting to this purpose is what gives us energy and the belief that is necessary in order to overcome setbacks, delays and resistance.

My job as an entrepreneur and my job as a leader is to keep this Purpose visible and clear in our daily discussions and in our meetings.


Want to turn-around your business and achieve results in record time? Contact me to discuss Executive Coaching, Group Facilitation and Management for Hire services for technology companies. You can learn more at www.ricksalmon.comwww.xelerator.com and at www.e-unlimited.com.

Rick Salmon is an energetic entrepreneur who lives in Norway and believes that European startup companies can succeed and grow quickly if only they get the proper help and assistance. Please join the discussion and leave your comments. Subscribe to this newsletter/blog to receive frequent updates and tips.

Why Do Dyslexics Make Great Entrepreneurs?

I spend a lot of time being curious about what makes some people great entrepreneurs. I recently found an article in BusinessWeek that discusses the fact that an abnormally high percentage of entrepreneurs are dyslexics. They raised the question – Does the struggle that is required to overcome dyslexia prepare dyslexics to become great entrepreneurs? And if so, what are these traits?

According to BusinessWeek, the ability to grasp the big picture, persistence, and creativity are a few of the entrepreneurial traits of many dyslexics.

In a study that was published in 2008, Julie Logan, professor of entrepreneurship at Cass Business School in London found that 35% of entrepreneurs in the U.S. show signs of dyslexia.

“The broader implication” says Logan, “is that many of the coping skills dyslexics learn in their formative years become best practices for the successful entrepreneur. A child who chronically fails standardized tests must become comfortable with failure. Being a slow reader forces you to extract only vital information, so that you’re constantly getting right to the point. Dyslexics are also forced to trust and rely on others to get things done—an essential skill for anyone working to build a business.”

“We found that dyslexics who succeed had overcome an awful lot in their lives by developing compensatory skills,” Professor Logan said in an interview. “If you tell your friends and acquaintances that you plan to start a business, you’ll hear over and over, ‘It won’t work. It can’t be done.’ But dyslexics are extraordinarily creative about maneuvering their way around problems.”

James LeVoy Sorenson, a highly successful entrepreneur in the medical field says that overcoming dyslexia trained him to be persistent and to solve problems in new ways. He says “I like to add one word to the end of many sentences: ‘yet.’ Instead of saying, ‘I can’t do it,’ I say, ‘I can’t do it—yet.'”

I am not a dyslexic, but I think this is a good lesson for all of us who want to be better entrepreneurs. – RICK

See: http://www.businessweek.com/bwdaily/dnflash/content/dec2007/db20071212_539295.htm

Top Dyslexic Entrepreneurs

Take a look at the following list of Entrepreneur Dyslexics and see if you recognize a few names…

  • Charles Schwab
  • Steve Jobs (Founder of Apple)
  • Paul Orfalea (Founder of Kinkos)
  • John Chambers (CEO Cisco)
  • Richard Branson
  • Henry Ford
  • Ingvar Kamprad (Founder of Ikea)
  • William Hewlett (Founder Hewlett Packard)
  • Steven Spielberg
  • Ted Turner (Turner Broadcast)
  • Tommy Hilfiger
  • Alan Meckler (CEO of Jupitermedia)
  • Walt Disney
  • Nelson Rockefeller
  • Thomas Edison
  • Anita Roddick (Founder of Body Shoppe)
  • Alexander Graham Bell

See: http://www.incomediary.com/top-30-dyslexic-entrepreneurs/

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Want to turn-around your business and achieve results in record time? Contact me to discuss Executive Coaching, Group Facilitation and Management for Hire services for technology companies. You can learn more at www.ricksalmon.comwww.xelerator.com and at www.e-unlimited.com.

Rick Salmon is an energetic entrepreneur who lives in Norway and believes that European startup companies can succeed and grow quickly if only they get the proper help and assistance. Please join the discussion and leave your comments. Subscribe to this newsletter/blog to receive frequent updates and tips.

Kill the Cow

http://www.flickr.com/photos/kwerfeldein/1934917078/What will Norway live from when the North Sea oil wells run dry? I believe that some answers lie in empowering young entrepreneurs. The following cow story made me think about the fact that sometimes we get very creative when we are forced to do so. What are your cows?

Kill the Cow (by Conor Neill, www.conorneill.com)

A family lives in the outskirts of a remote village on a small plot of land.  The family owns one cow.  Each day they live from the milk of the cow.  If there is little milk, they eat little.  If there is lots of milk, they eat well.  The lives of the mother, the father, the children depend upon the cow.

One autumn day, a lone traveler stops in the village.  He is hungry.  The family share their milk.  The traveler is grateful. The traveler wishes to return the favour and help the family.  He doesn’t know how to help the family.  He hears that there is a wise man in the village.  He walks over to the home of the wise man.
“I was hungry and the family fed me.  I would like to help them.  How can I help this family?”
The wise man said “Kill the cow.”
“Kill it?  How can that help them?  They depend for their lives on that cow.”
The wise man repeated “Kill the cow.”
The traveler was nervous about following such strange advice,  but the reputation of the wise man was such that he went ahead and killed the cow.
A year later the traveler happened to pass again through the village.  He noticed new shops and a thriving market.  He saw a new hotel that provided beds and food to the travelers who came for the market.
The traveler entered the hotel.  Behind the bar he found the eldest son of the family of the cow.  The man was standing tall, smiling and happy.  The traveler greeted him and asked “What happened?”.
“We lost our cow.  There was no milk.  We had to go out and do something to eat.  We set up a small market, it grew.  We set up this hotel, it is growing.  Without the milk from our cow, we had to try new things.”
Silently to himself, the traveler reflected on the power of the wise man’s words.  “Kill the cow.”

“Any nation that thinks more of its ease and comfort than its freedom will soon lose its freedom; and the ironical thing about it is that it will lose its ease and comfort too.” W. Somerset Maugham

What is your cow?

Conor Neill (author of The Rhetorical Journey – www.conorneill.com)


Today’s blog post was written by my friend Conor Neill, who is a professor of communication at IESE University in Barcelona.

Conor and I frequently collaborate on webinars for entrepreneurs. Watch the EVENTS page on this site for future events. I strongly encourage you to visit his blog site and to subscribe to his posts. – RICK

Entrepreneur Self Sabotage

We all have 2 different minds. One is logical, the other is emotional and they don’t always agree with each other. Sometimes they will do whatever they can to sabotage each other.

Consider the following entrepreneur story:
Gauri Nanda was a graduate student at MIT who got an $80K loan from her parents to start a business. Her first product is called CLOCKY. It is an alarm clock on wheels. You set the alarm to ring at 06:00 in the morning. When the time comes, the clock wheels itself off your bedside table and races around your bedroom making loud and annoying robot-like noises. You have to chase it down in order to shut it up. It is a great gimmick, Nanda has sold over 100 thousand clocks already and was featured on the cover of Inc. Magazine.

But why would 100,000 people want to chase a loud and annoying alarm clock around their bedrooms each morning?

Back to the two minds… One mind (the logical one) wants to get up at 06:00. The other mind (the emotional one) wants to stay in bed and sleep a few more lazy hours.

So Why do we fight with ourselves so often?

I coached an entrepreneur last week regarding his long-term goals. He was very clear on what he wanted to achieve long-term with his startup company but when we discussed what factors were keeping him from achieving success, the list was endless. The conclusion we reached was that he is not really sure if he is willing to do the work – to pay the high price that is needed to make his company a success. He keeps hoping he will find a short cut or an easy path to success, but in the meantime his company is moving very slowly. After lots of questioning, he sited several examples of situations where he had setup a specific goal and then sabotaged the result by either failing to follow-up or by prioritizing other tasks. His one mind wants success. His other mind wants an easy lifestyle.

Reaching this conclusion did not solve his problem, but it did shed a lot of light on it. He went away from the coaching session much more conscious of self-sabotage and with a new resolve to remove the excuses and to re-focus on accelerated success.

This is all about Values. People who are clear on their values don’t have the big internal conflicts. People who are not clear often end up sabotaging themselves. Working with a coach on clarifying your own values can be a fun and really interesting experience.

Are you ever of two minds? Do you ever sabotage yourself? If the answer is yes, then maybe you should contact me about a coaching trial and then put the Clocky on your Christmas wish list.

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Want to turn-around your business and achieve results in record time? Contact me to discuss Executive Coaching, Group Facilitation and Management for Hire services for technology companies. You can learn more at www.ricksalmon.comwww.xelerator.com and at www.e-unlimited.com.

Rick Salmon is an energetic entrepreneur who lives in Norway and believes that European startup companies can succeed and grow quickly if only they get the proper help and assistance. Please join the discussion and leave your comments. Subscribe to this newsletter/blog to receive frequent updates and tips.

Connecting the Dots

Steve Jobs: "Follow your curiosity & intuition"

Like most children, I loved drawing Connect the Dots pictures. I can envision myself staring at a new and particularly complex page of dots and numbers and trying to imagine what could possibly emerge from all that chaos.

Today, as an adult I look forward in my life and try to imagine what future can possibly emerge from all the dots. Some things are easy to foresee. Some things are impossible to imagine and yet there is a marvel and mystery in what the future may hold.

Steve Jobs delivered an amazing speech at Stanford University several years ago. The link to the video is here. In this speech he looks back on some of the major events of his life – dropping out of college, founding Apple, getting fired by the board, rejoining, recreating Apple and surviving cancer. It is an amazing story of inspiration and yet the central theme is that you cannot connect the dots looking forward in your life, only by looking backwards. You must move forward in your life without the numbered dots that will tell you what your next step should be.

Even though he was the founder and a major stockholder at Apple, Steve Jobs was fired. He was publicly ridiculed, humiliated, laughed at and defeated. In his speech Jobs says that this was probably one of the most important and necessary events in his life. Even though Apple had rejected him, he realized that he still loved what he did. This is what allowed him to keep going. He founded NEXT and Pixar, he helped create Toy Story, the world’s first computer animated movie and eventually, Apple hired him back.

When giving advice to the young Stanford graduates he says “Your time is limited; so don’t waste it living someone else ‘s life. Don’t be trapped by dogma, which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice, heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”

Follow your curiosity.
Follow your intuition.
Listen to your inner voice.
Be brave and love what you do. The rest will work itself out. The dots will get connected.

Helen Keller was born without sight, hearing or the ability to speak and yet she was quoted as saying that “Life is either a daring adventure or it is nothing”.

If you could look back on today 10 years from now, what would you remember? What will you do today that will be worth remembering 10 years from now?

If you read this blog, then you are probably an entrepreneur. If not an entrepreneur, then you are probably someone that wants to create something special with your life. Each day is a blank page. What will you write on yours today?

Want to turn-around your business and achieve results in record time? Contact me to discuss Executive Coaching, Group Facilitation and Management for Hire services for technology companies. You can learn more at www.ricksalmon.comwww.xelerator.com and at www.e-unlimited.com.

Rick Salmon is an energetic entrepreneur who lives in Norway and believes that European startup companies can succeed and grow quickly if only they get the proper help and assistance. Subscribe to this newsletter/blog to receive frequent updates and tips.

Here is another interesting article about Steve Jobs and his career.

Laid-off?… then Become An Entrepreneur

These days, the workers in the Northeast of England have the feeling that things have not been worse since the famine and plagues of the middle ages. Unemployment is at an all-time high, problems are escalating and you have a whole new generation growing up without any means of work or income other than government subsidies. Only fools entertain optimistic thoughts, let alone dare to leave the house with smiles on their faces.

Then to make matters worse, I just read an article about a group in the Northeast that is encouraging people who are facing layoffs from their jobs to consider becoming entrepreneurs.

How dare they? Is becoming an entrepreneur really an option for someone facing redundancy and unemployment?

My Story
What got me started? 20 years ago I was working for Norsk Data, a large corporation that went through several big rounds of layoffs. One year after the third round I learned from my boss that my name had been on the list of those to be fired in the last round. Being familiar with my work, he had rescued me from the list. Learning this news shook me to the core. I had never even imagined that I could lose my job. In spite of all the layoffs, it had not even been a remote possibility in my mind. After all, I was so smart and talented (I thought). Leaning this fact shattered my ideas about job stability. It made me completely rethink which career path was ”safe” and which was ”risky”. I vowed to myself that I would never again put myself in a position where another person’s whim could affect my future in such a dramatic manner. I decided that by becoming an entrepreneur, I could control my own fate and shape my own destiny. Within 3 months of receiving this news, I was involved with 2 software programmers in my first successful tech startup called BlueSky Software (renamed eHelp Corporation). Since then I have been involved with over 12 different startups and early stage ventures. It became a good career for me.

The threat of being laid-off prompted me to take action. How would you deal with this same situation? I sincerely believe that more people who are faced with layoffs should indeed consider becoming entrepreneurs. I will not promise you that it is an easy path to walk, but for the right type of person, it is a good move to make.

Excerpt from:  Forum urges recession hit people into business:

“No one is ever going to suggest that starting a business is the easy option – such a step into the unknown can be daunting or even intimidating. But there has never been a better time to give it a go because you’re not alone. There are plenty who are in the same position and plenty who’ve been through it, come out the other side and once they’ve worked through the doubts and challenges never look back. And their stories are always inspirational.”

“Entrepreneurs have an increasing role to play in the future success of the economy and we should see this as an opportunity to transform the economic make-up of the region.”

Want to turn-around your business and achieve results in record time? Contact me to discuss Executive Coaching, Group Facilitation and Management for Hire services for technology companies. You can learn more at www.ricksalmon.com and at www.xelerator.com.
Rick Salmon is an energetic entrepreneur who believes that this beautiful world that we have created needs our help. Subscribe to this newsletter/blog to receive frequent updates and tips.

Coaching Athletes vs. Coaching Entrepreneurs

COACHING ATHLETES:

All professional athletes have coaches. No serious competitor would attempt to compete at peak level without one. A coach is not just another player or colleague; a coach is a specially trained person with a very specific role. A coach does not have to be a star athlete. Sometimes the best coaches were never really good at the sport. They have different skills. So why do athletes need a coach? Is there a real purpose that the coach fulfills? Is it really necessary?

Let’s look at what a (good) sports coach does: Continue reading Coaching Athletes vs. Coaching Entrepreneurs

The Entrepreneur Mad Hatter

madhatterToday I feel like Johnny Depp in the movie Alice in Wonderland, who plays the role of the Mad Hatter. An entrepreneur in an early-stage startup company has a lot of different hats to wear, and this can be enough to drive you stark-raving mad.

In order to keep my business afloat I need to be skilled with a number of different tasks such as: Marketing (including web, CMS, branding, advertising, social media, desktop publishing, copywriting…), Sales (including distribution models, negotiation, networking…), General Administration, HR & Personnel issues, Engineering, Legal issues, IP & Patents, Government reporting and compliance, etc.  The list is endless and each area requires some time and energy. How do you keep from going crazy?

Continue reading The Entrepreneur Mad Hatter