How To Think Like A Successful Entrepreneur

Information and inspiration are in abundance via TED.com, the online equivalent to the uber-genius conference that takes place annually in Long Beach, and many points world-wide.

As an entrepreneur, multiple streams of income prophet, and big-time dreamer, I often look for an inspiration in quality videos on the Internet.  The other day and ran across this interesting title on Ted: “Lets Raise Kids to be Entrepreneurs” by Cameron Herold.

Cameron talks about his experiences growing up, his father fostering his entrepreneurship from a very young age. Some of the scenarios he mentions in how he implemented the concept of filling a need in the market I don’t necessarily agree with, but I do like his point.

We are not cookie-cutter learners.

How was your experience in school? Did you excel and have the ability to focus and study? Or were you bored and always looking for ways to make the subject more exciting?

Cameron Herold offers a different way to look at different learners. He suggests that although there are basic knowledge needs from school subjects, we are typically gearing our kids toward having a J.O.B., not starting a business.

Don’t have a heart attack, I know education is vital and there are things you need to know to get through in this world, no matter what success path you choose. But the ability to learn how to package an idea, to foster that creative bug, doesn’t get discussed until college if at all.

Cameron talks about the opportunities he found to make money growing up, and putting himself through college. A lot of his stories revolve around perseverance, testing the waters, and going for it.

These traits did not describe me until well into adulthood. I was not the Type-A that some people have described me as of late. I was a quiet, introverted kid who loved dance and planned to do that for the rest of my life.

Since my knees had other plans, I’ve been able to tap into some hidden well of self-confidence, focus and drive that I can honestly say wasn’t there until my late 20’s.

There are times when I wish I’d had advice like this when I was a kid.

What if you do have a kid, or yourself, that just thinks differently? How can you offer to them that will keep them engaged? The advice Cameron offers – bartering household work for benefits like cash or a later bedtime – will not work with all kids.

I personally agree allowance doesn’t work, but that may be because I have a kid who is motivated by money. Or what money can bring into his fashion-happy life.

My big thing with money is the savings lesson. No one taught me how to save, and Cameron has some great tools he’s put in place for his kids.

I have to say this is something I did when my now 15-year-old was younger, but got too lax as he grew up.

Teaching kids not to waste money is a huge opportunity to help them handle their future responsibilities.

Is money a motivator?

Do you love money, business, this entrepreneurial thing?

Find out for yourself, and for your kids.

Dreams, passions and visions somehow get crushed as we grow up. Typically this is wrapped up in curiosity, questioning, leadership, the ability to find solutions, and the ability to ask for help when they need it.

When kids show these traits support them. Foster their strengths, rather than, as Cameron describes, getting them a tutor for things they suck at and may still suck at, even with help.

Let the idea of being an entrepreneur be OK.

The definition of entrepreneur is  “a person who organizes, operates and assumes the risk for a business venture”. This doesn’t mean you have to have your MBA or even have a college degree, but it does require some traits be there.

There are many positive elements to fostering that creativity, teaching them and ourselves what a good employee looks like, what good service is, and definitely what good service isn’t.

This was a hilarious representation that Cameron uses as an illustration of how to communicate bad service.

As for the TED conference itself, I have yet to attend but its my goal to be there in the flesh by 2014. I’ll take a seat in the audience or present on stage -  whatever works!

Here’s to a successful week, however you chose to define it.

~ Heather

Heather’s dream is to have multiple streams of income, starting with launching an e-commerce website that showcases her one-of-a-kind designer jewelry, which are crafted by her. Her newly launched sites are couture jewelry available through For Your Adornment, and Twitter background designs on Twitter And Beyond Dot Com. She also teaches Social Media tactics for business, besides being CEO of her own web design company. Heather’s post day is Thursday.

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Heather’s dream is to share with the world her success at becoming healthy after age 40. Heather lost over 88 pounds through changing her diet and incorporating exercise into her busy life. She would like to take what she has learned about becoming fit after 40, and using her Metabolic Training Certification to help others struggling with weight issues mid-life. Heather’s post day is Monday.
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  • Veronica

    Entrepreneur, I believe that 8 women dream is filled with entrepreneurs. We each have the qualities and ambitions needed to embark on a business venture.

    In fact, I would find it difficult to work a 9 – 5 and be on someone else’s dime or time.

    Great post.
    V

    • Veronica – I agree! My joke lately is that I’ve made myself unemployable. There’s no way I would be able to work the way I need to to get things done.

      Thanks!

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  • Terry

    Great video – it makes you really think about entrepreneurship in a different light.

    Great post.

  • Catherine, Site Admin

    (sigh) I love TED.

    Just have to come up with the 100k per person to go . . .

    Or be invited to speak :-)

    Still a dream, still a dream.

    Great post.

    Cath

  • Remy G

    thinking like an entrepreneur is hard enough, I have to think like a successful one? damn it.

    The reason its tough for entrepreneurs to save money is that they hate details….getting to that level of info frustrates them (of course just generalizing, there are some that manage money great…but as a characteristic, nah.).

    So creating a habit about it is better cause we don’t have to rely on it being a strong characteristic –
    and you think you are a type A personality? Hmm. I dont know about that.

    I’ll join you at TED in 2014. But can we go in 2013? that feels closer. :)

    Great post!

    R

    • Won’t our kids be graduating around then? Oh wait… that’s the perfect time to take off! See you there…

  • Toni Schram

    I agree, kids strengths should be nurtured and encouraged!

    Years ago, I was at the back-to-school night at Maria
    Carrillo High School and was told the principal “assumed” every student would go onto college. Yeah right.

    I am encouraged that more schools are incorporating technical and vocational skills for those who want to work right out of high school.

    Maybe, they should teach courses in entrepreneurship!