5 good #intentions: #entrepreneurial #habits

Entrepreneurial Habits to Develop

Joe Pulizzi recommends in his blogpost two habits to acquire as an entrepreneur:

1. Start with writing down your business AND personal goals
2. Thoroughly review these goals

I can support his idea to keep your eyes fixed and to keep your focus on your goals. If you still want some end-of-the-year reading you can also read one of his recommended books (7 habits of highly effective people by Covey). If you want to go more in depth on Entrepreneurial Habits feel free to follow Mark Hopkins. Especially the focus on "I can do it" in his posts are highly motivating.
My personal Effectuation-approach has helped a lot of entrepreneurs in succeeding. It contains only 5 easy principles:

1. The Bird in Hand Principle. Entrepreneurs start with what they have. They will look at who they are, what they know and who they know. Their education, tastes and experience are examples of factors which are important in this stage. Besides these examples, this is also the stage where entrepreneurs look at their 3F’s, better known as friends, family and fools. From this point, they will look at their abilities. So an entrepreneur does not start with a given goal, but with the tools he or she has. 
2. The Affordable Loss Principle. An entrepreneur does not focus on possible profits, but on the possible losses and how they can minimize those losses. 
3. The Crazy Quilt Principle. Entrepreneurs cooperate with parties they can trust. These parties can limit the affordable loss by giving pre-commitment. 
4. The Lemonade Principle. Entrepreneurs will look at how to avoid contingencies. Surprises are not necessarily seen as something bad, but as opportunities to find new markets. 
5. The Pilot-in-the-plane. In this stage, all the previous principles are put together. The future cannot be predicted, but entrepreneurs can control some of the factors which determine the future.

Every year in May infinite.company members can stretch their ideas in the "Effectuation Weekend". If you want to join our network of succesful entrepreneurs or want to be instructed on Effectuation feel free to mail me at jackie@infinite.company.


http://www.entrepreneur.com/article/238403
http://diversitymbamagazine.com/ten-entrepreneurial-habits-for-a-successful-career
http://en.wikipedia.org/wiki/Effectuation