What does business really mean? The textbook definition of business is 1 : “a person's regular occupation, profession, or trade, 2: the practice of making one's living by engaging in commerce.”
Those definitions of business can be applied to many things. Your business could be working in a specific field, such as “I'm in the farming business.” You may not own the business and simply be an empolyee, but you're still part of the business.
The practice of making one's living by engaging in commerce falls more under the inner workings of developing financial income based on how you run the business itself. The employee is in the business of working to help accomplish a task and make an income while the owner or partners are the people responsible for developing the plan and seeing that it's executed through their own doing and delegation of tasks.
An entrepreneur is “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” The entreprenuer is the one who is responsible for his own future and fait of his own company. It take risks and balls to become an entrepreneur. Many of the most cuccessful people in the world simply didn't give a damn and just rolled the dice one day!!
Being an entrepreneur is on another level than simply being an employee. Your future isn't a sealed deal until you put forth the follow-through to make it one. From that point, it's on to the next project. You may not always know what's around the corner while at other times you can forecast what may happen in the near future.
Many people think that being an entrepreneur becomes easier as time goes on and they develop experience. I don't think it ever becomes easier, you just simply become more familiar with how to act on creating your own path. You learn how to develop your path based on history.
History can repeat itself in terms of success or failure, but nothing is a failure if you can take something away from it. Nobody has the same history because the word actually means “HIS STORY.” So my story may be totally different than your story.
There is no single best path to take to develop a successful business other than the plan that you feel is best, based on your gut instinct. This is when things can become challenging, because business involves working with other people. One person may have a different plan based on their gut instinct than the other person's plan.
You need to learn to compromise and negotiate to develop the plans and execute them, because there will come a point where you will need to work with other people to grow your business.
Good communication becomes critical when developing plans and putting them into action. Once you can play on someone elses strong points and they can play on your strong points then great things can happen.
I'm a bodybuilder, I've always been a bodybuilder. If I sat behind a desk all day long then I wouldn't be able to work to represent my craft. Therefore there are tasks that are delegated to other people. It's not that I want to delegate them, it's a necessity in order to move forward!!
I met with another entrepreneur named Victor Pride. We spent a week together in Las Vegas to develop some future plans together, but more importantly to learn from one another. I think he saw a side of me that represented Johndoebodybuilding.com while I saw the type of work that went into his own website, Boldanddetermined.com
While I ate my diet food like clockwork he would sync up audio equipment and develop the area to film our interviews together. It was clearly two different jobs for 2 different types of entrepreneurs.
While we work as partners together, and B&D and JDB have become more closely related in certain topics of discussion and material, they still remain 2 totally different resources. People can use these resources to enhance their lives. That's really the mission that we both have in common, teaching to enhance lives.
Self-help based on our own past experiences is what we are about. While bodybuilding is a tool I teach to help people feel good about themselves and develop confidence, Victor Pride teaches the process of breaking down barriers we have imposed on ourselves through society's influence, while still talking about health and spirituality.
We have been working together now for about the past 4-5 years or so. In this video I wanted to get Victor's perspective on business, and how personal traits and characteristics can have a positive or negative influence on successful business. One thing is for certain, when it comes to business it pays to have thick skin!!
Do people go into a courtroom to make friends and make life peachy? No, it's all business. I know lawyers who hash it out to the bitter end and talk as if they hate each other, then go out and play golf together on the weekend.
There is a show on television called “Shark Tank”. It's a show where entrepreneurs try to get some type of investing from potential prospects to further grow their business. During the business talks between the entreprenuers and investors, there is nothing that is peaches and cream about that conversation.
There is an old expression that says, “Don't tell me about the fucking, show me the baby!!” The investors don't want to hear about the fucking!! It's nothing personal and it doesn't mean they may or may not like the person, it's just business!!
In this interview I wanted to get Victor's take on a few questions I had pertaining to becoming an entrepreneur. I wanted to get his side of what he went through (and still goes through) in the everyday dealings of a business he created for himself.
By the way, he still owes me a ride from the airport….fucker!! -JD