Start Ups: The Start-Up is an Attitude, Not an Age
Why is Your New Business is a Start-Up and My Old Business Not
We all know young individuals who impress us as adolescents or pre-adolescents with how they behave and we also know some who are past 30-years of age who should know better and behave like infants and toddlers.
Start-Ups and Attitude; Think Like a Founder
A Start-Up is:
1 – Passionate
2 – Thinks and Serves Beyond Status Quo
3 – Modify the existing (traditional) Business Model associated with the enterprise that it serves
Part One: Passion
What are you doing about Changing and Evolving the DNA (existing industry norms) in your Business World ?
They say love conquers all, but I say you won’t get it done without Passion. Passion creates focus; resilience and the ambition to succeed. Passion makes it possible to keep putting one foot in front of the other against all odds.
The people I have seen achieve the greatest success in their professional and personal lives are passionate people that lead, support, and mentor others with that ‘zeal and zest’ for the work and people
Passion is what drives you. Passion keeps you going despite the difficulties that your business will inevitably come across. I’ve had several opportunities to throw up my hands and simply give up, but my passion caused me to keep at it. I wouldn’t think of anything but making my business succeed. That’s passion.
Caution: Passion can Mislead You
Passion in all its glory can also be dangerous to your business. Passion can make you do things that aren’t worth doing or have a low return on your invested time, or my Ego gets the best of me.
Bottom-Line:
You have to recognize when your passion is misplaced. Passion might tell you one thing, but logic might tell you another. Weigh both to make smart choices for your Start-Up thinking business.
Next:
Evolving and Changing your existing Business Model. Is it still relevant and most effective way or method?
Think Like a Founder…
Daniel Morris
Daniel frequently provides Media Content via Workshops, Podcasts and Printed Articles on topics like Cross-Border Transactions, Wealth Preservation and Planning, Global Banking and many other high-level financial topics that serve and demonstrate the Value of our Global Network that should be of interest to those who need Private High-Wealth Services. If you wish for Daniel to speak to you or your Professional Group, please contact us.
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Michael R Coates
December 18, 2017 (12:05 pm)
Great blog. I have thought that that “passion” is often quiet. Passion is when it’s Friday night, 10:00pm and you’re doing something that doesn’t move your business forward, but it MUST be done. It’s a payroll screwup, a federal form to fill out, a legal document to read carefully. Those things don’t add to the bottom line, they don’t create a new product, they don’t help your customers but they have to get done and YOU gotta do ’em. It’s not cheerleading and it’s not exciting, but it’s still passion.
Daniel Morris
December 20, 2017 (5:44 am)
Dear Michael
Thank you for your comment. I refer to the type of passion you described as diligence. That is the maturity, stewardship, caretaking, etc. that is necessary for the enterprise to remain minimally viable (e.g failure to complete basic administrative forms can easily terminate IP protections because the enterprise is no longer valid at a regulatory level). This type of work is frequently tedious and unfulfilling. And yes, a passionate leader will also be diligent in performing their duties.
Passion is more than mere excitement. From my vantage point and from my personal experience, passion is frequently that catalyst that creates the creative combustion of ideas that sling-shots the enterprise beyond both its initial comfort zone and into new territories. And clearly one can be passionate about the routine and necessary. The spirit is the same, its application and results however are different.
Thank you again.
Daniel Morris