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In Physics, there is a law of motion. These sets of laws were developed by the great scientist Issac Newton called, “The Laws of Motion.” These laws developed the basic foundation for mechanics and they consist of three laws. The first law: is an object either is at rest or moves at a constant velocity, unless acted upon by an external force. The second law: The acceleration of a body is directly proportional to, and in the same direction as, the net force acting on the body, and inversely proportional to its mass; and The third law: When one body exerts a force on a second body, the second body simultaneously exerts a force equal in magnitude and opposite in direction to that of the first body.
I found that the Laws of Motion can be used as a blueprint for business. When applying these laws, one must understand that every action has an equal positive or negative reaction. Every action exerts a certain amount of force on the second object. That object in return is going to exert a force equal in magnitude. If you are going to make a move from point A to point B it is wise to make sure that there is a purposeful connection between A and B. A lack of awareness or objectivity can play a major role in your businesses sufficiency and will determine the direction of the force you use. When making a move, timing and taking into consideration the business environment and economic environment can add the edge you need to be successful at gaining a solid foundation for your decision making.
No company operates inside of a volt. Outside factors play a role in determining whether an individual business succeeds or fails. A business must first acknowledge the outside impact of business and economic trends and move in consideration of these factors accordingly. A business must identify with these elements. Purpose is the absolute value and the calculated reaction to your decision. Moving without purpose can have an opposite and negative impact on business objectives, production, social responsibility and ultimately the bottom line. How are you making decisions in your business?
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Remember the phrase, “Don’t sweat the small stuff?” This quote is one that has been passed down for generations and growing up I use to live my life by this quote. Why sweat the small stuff? It’s only the big stuff that matters! Right? …Wrong! As I began to mature in business I realized that it was actually all of the small stuff that really mattered.
Instead of only focusing on the final goal, it is imperative to set benchmarks that leads to achieving the ultimate goal, (all the small stuff). Paying attention to the details is very important when building a successful business so that things that are relative are not missed. Paying attention to the details is as simple as recognizing that small adjustment to your presentation, or making that follow-up call to say thanks for the opportunity. These are the kinds of attention to detail that will set you apart from your competitors.
Imagine having a bike with no pedals. Small it my seem but without the pedals, the bike becomes just a frame with wheels. Something as small as the pedals missing on the bike has a huge impact on your ability to produce forward movement.
This same concept is relevant in business. Attentiveness to the small benchmarks in business in return will produce the kind of results needed to help you reach your final goal. So next time, remember to slow down and give the small stuff the attention it deserves.
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Life can be tough. As my mother used to wryly remind me, “No one gets out alive.” We all have plenty of less-than-perfect moments. Not even the most gifted, telegenic and charming people live every day in the sunshine.
The same is true for entrepreneurs. Just as “bad things happen to good people,” every great entrepreneur regularly stares down the barrel of failure.
Graham Weaver, the founder of Alpine Investors and a frequent visitor to my business classes, reminds would-be entrepreneurs that the only failures they should fear are the ones of character and effort. It’s an uncertain world, and there are only so many things you can control. Even when you’re giving 100% and doing your best to be an honorable and ethical leader, things go wrong.
What you can control is how you deal with those setbacks. However stressful failure can be, if you pick yourself up and get back on the horse, you’ve passed the real test.
And when you do, you’ll start to see more silver linings than you expected. In pushing through failure, you’ll learn who your real friends are – the ones who know what you’re made of and believe in what you’ll do next. You’ll discover reserves of energy, persistence and confidence that you didn’t know you had. And you’ll feel a new sense of creativity, the ingenuity to solve hard problems, that might have remained fallow without the challenges.
One way I’ve prepared for my own unanticipated, but nonetheless certain, failures is by memorizing these 10 quotes:
(1) “What does not destroy me, makes me stronger.” – Friedrich Nietzsche, 1844-1900
(2) “Great works are performed not by strength but by perseverance.” Samuel Johnson 1709-84.
(3) “Sweet are the uses of adversity.” – William Shakespeare, 1564-1616
(4) “When it’s darkest, men see the stars.” – Ralph Waldo Emerson, 1803-1882
(5) “Success is how high you bounce when you hit bottom.” – General George S. Patton, 1885-1945
(6) “When the well’s dry, we know the worth of water.” – Benjamin Franklin, 1706-1790
(7) “A certain amount of opposition is a great help to a man. Kites rise against, not with the wind.” – John Neal, 1793-1876
(8) “Success is going from failure to failure without a loss of enthusiasm.” – Anon
(9) “He knows not his own strength that hath not met adversity.” – Ben Jonson, c. 1573-1637
(10) “Life is not always a matter of holding good cards, but sometimes playing a poor hand well.” – Jack London, 1878-1916
One last quote I always keep nearby is this one from Theodore Roosevelt — about the value of “daring greatly”. It’s an excerpt of a speech he gave at Paris’s Sorbonne in April, 1910:
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”
It’s nice to remind yourself that anyone who fails at trying to do something great is in pretty good company. This group knew that the best dreams can often temporarily disguise themselves as nightmares – better to press forward and leave the fear behind.
Thanks! @JoelCPeterson – Followers, be sure to follow him.
I would like to add a few others that inspire me …
“The best way to predict the future is to create it.”
– Peter Drucker
“Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people cant.”
– Warren G. Tracy’s student
“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.”
– Albert Schweitzer
“I have not failed. I’ve just found 10,000 ways that won’t work.”
– Thomas Edison
“Never, ever ever ever ever give up.”
Make it a great day!
~ Preston Byrd
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“Above all, dare to be different: Think creatively and entrepreneurially about how to meet your goals. It could be that merging your business and charity could be the way forward, but don’t be bound by what other companies are doing — your creative problem-solving skills could lead you to discover a new path to success.”
~ Richard Branson