A few years back I had the chance to do a small course run by Michael Doneman though his entrepreneur school, Edgeware. I've had a few opportunities in the past to repay Michael and his beautiful wife Ludmilla for the guidance they have given over the years. Today was one of those days.
I was honoured to have the opportunity to present at the latest Edgeware Upload program this morning. I was asked to present the story of my entrepreneurial experience so far and provide some insight into what a young group of edgies might expect in the future.
It was interesting to go back and think of some of the things I've personally gone through to get me to where I am today. I decided to speak on the value of making mistakes, if you try something and it's not successful it doesn't always matter. The first time I went into business I knew that my major weakness was my lack of knowledge about business so I decided to just try some things with an ultimate goal of learning about business. This way you can calculate your risk accordingly, in my case with the limited knowledge I had at the time I figured it would be safe to assume that ANY money I invest is a potential loss. Unfortunately I was right, but I learned from my mistakes. A small business loss will often cost you far less than formal study, and I can assure you that you will pay more attention to the lessons you learn.
I also touched on the issues of your personal life interfering with your business ambitions. I have been involved with a group of other guys who meet up once a month for an exercise we call GAS (goal accountability sessions). Basically there is six of us who meet up once a month and set ourselves a number of achievable goals that we know we should really get done in the next month. Then when we meet up the next month we check in with our last months goals and we have to explain why we did or didn't achieve our goals. I've found it to be a very effective way of get things done. I also feel that it makes you realise how much your personal life can enhance or inhibit your business goals as well. It's always important to have balance.
Thanks Michael and Ludmilla for the opportunity to share.
Everyone check out their site www.edgeware.com.au
Friday, January 22, 2010
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You were a hit with the UPLOAD Edgies, Rhys, certainly because of your message but also because young people can 'smell' authenticity. Maybe it's because they get lied to so much ... Stay honest and real, and it will come back to you in spades
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