Entrepreneurs have a simple lifestyle

Entrepreneurs need to be anti-fragile. Resilient to setbacks. Capable of facing adversity without flinching.That’s why you need a simple lifestyle.You will be unaffected by poor fare if you don’t need much.Drink Ricoffy.Drive an ordinary car.Eat All Bran Flakes for breakfast.Wear jeans, T-shirt and sneakers.If you want to go to extremes, follow @malanjoubert’s advice and sleep…

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Entrepreneurs don’t like flattery

Some people surround themselves with ass-kissers. Professional blowers of smoke.It feels good to have people tell you how good you are, how smart you are, how powerful you are. Every day.An entrepreneur doesn’t need to be told. She knows how good she is (and how good she is not).She knows herself. She doesn’t need endless confidence and complimentsPublic…

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Entrepreneurs are not fooled by randomness

Sometimes shit happens. Good shit and bad shit. It just happens.Its not your fault, nor to your credit.If your business fails due to a global financial recession, its not your fault. Your failure was random. Don’t take it personally.If your business booms due to a global property boom, you’re not a genius. Your success was…

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Entrepreneurship is a philosophy

Being an entrepreneur is not a career. Its a belief system. It’s a way of thinking. Its a way of living.Deciding to be an entrepreneur is like deciding to join the church.You have to change your thought patterns, your daily habits, your worldview.Your bibles are the stories of other entrepreneurs. Your priests are fellow entrepreneurs.You…

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Entrepreneurs don’t let a good crisis go to waste

There are many things that are difficult to do in good times.Trim your work force, renegotiate supply agreements, change strategy.Business comprises of people, and people simply don’t accept bad news in good times.That’s why a good crisis is priceless. Economic recession? Interest rates? Exchange rate?If an external factor negatively impacts your business, use that reason…

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Entrepreneurs flush out the haters

Imagine how hard it is for the average person to distinguish between friends and foe? The average person never says anything controversial, never takes risks, never upsets anyone.And so the average person never makes enemies. If you don’t have enemies, how will people know what you stand for? Its far easier to judge someone by…

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Entrepreneurs have small problems

Some people think they have big problems. Especially “important” people. People with “big” lives have “big” problems.Blah blah blah.Don’t know which passport to buy? Too many relatives and friends leaching you? Can’t find enough champagne for your birthday party? Dealing with a media smear campaign? Your shareholders pushing you out? Your company bankrupt?Whatever.No matter how big…

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Entrepreneurs chop their own wood

“Chop your own wood. It will warm you twice.” Ben FranklinAs you progress in business, you start adopting the trappings of business success. A PA. An HR manager. A travel assistant. A driver.Resist the urge. Not only does the accumulation of assistants result in overheads, bloated staff numbers and a slower-moving company, but it makes…

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Entrepreneurs act before they’re ready

Are you planning your startup? Setting up your imminent entrepreneurial adventure? Getting your ducks in a row before you take the leap?Stop planning. Start doing.If you wait till you’re ready, you’ll never act. Starting a business is like having a baby. No one is ever ready. You just have to launch and take it day by day.Startups…

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Entrepreneurs are salesmen

There are plenty things you need to do to ensure success.Run a frugal operation, bring in partners you can trust, avoid hiring the wrong staff, take calculated risks, etc etc.But these can distract you from the most important part of business:Selling.Bringing home the bacon.Putting cash in the bank.You can’t save your way to being rich.You can…

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