Advice is an interesting thing to give because by it is opinionated in nature. It is influenced more by the previous experience of the giver, more than it is by the taker. Because advice we give is usually one of many possible courses of action, there will always be doubt in the recommendation. The only way of really knowing what advice to take, only becomes evident after it has been taken.
Where doubt is an omnipresent reality, the best advice we can give is definitive advice. Advice which is acted upon quickly and fervently. When advice increases self belief in the receiver, it is often more valuable than the advice itself.
The common question we hear is: Are you a spender or a saver? It’s the wrong question. Any smart person needs to be both. A more relevant question is what is worth spending our money on, and what things should we resist the temptation to spend on. Given that any good entrepreneur needs to have an live a lean life, not just in their startups but in their life, I thought I’d throw together a top10 list of what to spend on So here it is:
Top 10 things to spend money on:
- Books & newspapers
- Annual vacation
- Gifts (non lavish) for family & close friends
- Sports & exercise
- Fruit & vegetables
- Comfortable accommodation
- Public transport tickets
- Internet access
These are the things that we shouldn’t even think twice about spending on. They add value to our lives and make us better people. In the long run they pay for themselves.
Things which don’t appear on this list, and things we should make what I call our ‘Considered purchases’.
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Some one said these words to me the other day:
“It’s easy for you. You are confident being in front of people and speaking in public…”
I thought for a second and then told him the truth about confidence. Which isn’t verbatim, but it went something like this.
Confidence isn’t something people are born with. In fact, it doesn’t really exist. Confident people are those who are prepared to make themselves ‘uncomfortable’. People who are prepared to risk pain and or embarrassment to get something done. They embrace the risk of failure and get so used to failure, that people believe it comes easily for them. They assume it is ‘confidence’. But it’s just that these people accept the tension of being uncomfortable, as well as the potential for failure. And this is the truth about being confident.
Quick advice. #1 Tip for selling a vision ?
So I thought it was worth sharing the answer here because the answer had to be delivered in less than 140 characters.
It’s about their vision, not yours. You need to demonstrate what’s in it for them. Not you. Let them own it. Perceived co creation.
Our websites are no different to perishable goods at a supermarket. It’s not surprising given how well trained we are to check everything is up to date. From milk to computer hardware we want the latest version available.
So when someone finds your website via Google and the last blog entry is from last year, or the Copyright legal date is 2008, it’s a bit like the milk which got lost at the back of the fridge. We won’t touch it, there’s no limit of options and it is safer to elsewhere.
The good news for web entrepreneurs is this: It’s easy to keep things current. A simple blog entry once a week. A twitter feed in your side bar. Anything which shows your people you’re still in the game. That you have a pulse.
In business, demand is invariably more important than supply. If demand doesn’t exist, supply is irrelevant. If demand exists, supply will eventuate.
I happened upon a quote from one of the greatest inventors / entrepreneurs in history Thomas Edison. Despite the simplicity of the idea, it’s very profound.
“I find out what the world needs, and then I proceed to invent it.”
This is some pretty good advice for any entrepreneur. It’s better to make what you can sell, than try to sell what you can make.
She gave me some great insights into entrepreneurship and here are some of the sound bites I was so compelled with I had to write them down.
“When asking for input into your business or startup, never ask for more that 2 pieces of advice. Ask them for advice which is both perceptual and low cost.”
‘Think about your business in terms of the sequence of events. This is more important than the model itself.”
“The right words, in a certain order, make people do stuff.”
“Free creates lose caboose behavior. Think of your business like a nightclub. Free entry makes us feel as though what’s inside isn’t as valuable as when there is a cover charge.”
‘What can you do to bring the money forward? It might be as easy as asking your customers.”
‘What are the steps to money? How can you reduce the number of steps?”
Absolute gold as far as startup blog is concerned. Fiona has also written a book called ‘Niche Content Millionaire’ which I’m guessing (I haven’t read it yet) is full of awesome ideas…. simply because she has the runs on the board and has done it.