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This is a concept we’ve talked about with many entrepreneurs, but one that never seems to be blogged about. As you can guess from our above learning, there were certainly times in 2011 where income wasn’t coming in as easily as it had in 2010. We consider ourselves lucky to have budgeted as we did. Without it, we would have been in trouble some months.
While it’s true that entrepreneurs are notorious for finding creative ways to bring in funds, there are just some months that it’s not going to happen due to a lack of client needs, late payments or other uncontrollable factors. You need to plan for this. Every entrepreneur does. Be grateful for good months, but remember that there will be bad months ahead and that a padded savings account is the best gift you can give yourself.
3. Talk To Your Potential Customers Before Building a Full Product
We blogged about this back in June, but it was an important (ahem, expensive) enough mistake that we wanted to touch on it again. As many of you know,
We’ve embraced last year’s lessons as we move into the new year and hope you have, as well. What doesn’t kill us makes us stronger – and smarter! Hopefully, you can learn from a few of our mistakes and save yourself the trouble of learning them firsthand.
That said, we’d love to learn from you too! What was the biggest lesson you learned in 2011? Â
Dream Bigger,
It’s the most wonderful time of the year for good reason! The warm glow of the holidays is upon us!
We are looking forward to spending the rest of 2011 with family, friends and, most importantly, ourselves (for some of that all too rare, quality “me” time). In a word, it will be glorious.
It’s going to be an opportunity to decompress, disconnect and reflect on all we have accomplished this past year, as well as refocus on the goals and dreams we hope to achieve in 2012.
We hope you are looking forward to doing the same. Thanks for being supporters and readers of Pursuing Our Passion. We love writing this blog every week, and you’re the main reason why we get excited about every post! If you’re interested in looking back through some of our content from this year, you can click any of the monthly archive links below.
2011: A Year’s Worth Of Passionate Posts
Happy holidays and best wishes for an enjoyable and successful 2012. “See” you next year!
Dream Bigger,
Work. Cooperate. Respect. Belong. WCRB. This acronym was ingrained into the curriculum during my first four years of grade school education at Cedar Ridge Elementary School.
The hallways were peppered with WCRB flyers, posters and construction paper cutouts. When my brother began attending Cedar Ridge six years later, they were still there. Clearly, this was a message with staying power.
And why shouldn’t it be? Even when the words stand alone, the concepts of work, cooperation, respect and belonging each have their own significance in society. Together, they achieve an even greater purpose: teaching young children to be kind to one another regardless of their differences, whether they be cultural, regional, philosophical – or, more simply, which game is more fun to play at recess.
Adults could stand to be reminded of this every once in a while, too.
We are all human. We all make mistakes and we all have bad days. But we all also possess an immense capacity to love and respect one another. To lift one another up on those bad days – to give praise when praise is needed.
In the words of J.K. Rowling (can you tell she’s a favorite of mine?), sometimes “we must all face the choice between what is right and what is easy.”
It’s easy to let our egos get in the way. It’s right not to let them overpower us and hinder our success.
If we can find a common ground, if we can work together, cooperate and respect one another without losing respect for ourselves…if we can do all of that, then we’ve certainly created a world where we all belong. A world where there is no such thing as a bad idea.
I’m not saying that all our problems and differences can be solved with a game of paper, rock, scissors or tether ball. But sometimes, when an issue seems insurmountable, it’s best to go back to the basics. WCRB. The Golden Rule.
Treat everyone the way you’d like to be treated and the world is a happier place.
Who’s with me?
Dream Bigger,