Personal Development for Smart People Forums - View Single Post - Starting my own business: So happy and so scared!

chineerat · 02-01-2009, 05:11 AM

I have recently broken away from my Job to follow my passion: Music and Business or Music as a Business whichever kicks off first.

My advice apart from the technical aspects of business.

1) Focus: "whatever you focus on expands", what you will notice happening within your first few months of you venture you will see opportunities emerging that never existed while at you previous job listing the pros and cons of staying of leaving.

2) Be humble: "Have a willingness to learn", go into your venture with a never-ending learning attitude. Make a mandate to learn something new everyday.

3) Economics of Frustration and fulfillment: “After frustration comes fulfillment” This is a hypothesis I am testing, please bear this in mind it is in its testing phase and adjustment will be made late on.
Based on my experiences I have come to notice that after a frustrating experience good news follow. No! I am not talking bout "when you hit rock bottom the only way it is up." I mean actual progress. E.g. I have a music band. One of the main problems I was having was with one of my singers: she is always late, never prepared, not improving on her singing and so on. I tolerated her because my concern was that if I fire her I will have to find a replacement which takes months and the band will miss upcoming gigs and so on. Also she was one of the founding members.

But after a few months I gave her the axe. The mood of everyone was gloomy, very frustrating and almost everyone wanted to "jump ship". Now the problems start right? Wrong. After putting an ad on the newspaper for a singer I received numerous calls to fill the vacancy. Apparently there is a large supply of singers in my country (who would have thought?). Also the process of auditioning we have made good business contacts. Now the mood of the members is better than ever. The band right now is really “clicking”.
The above experience is one of the many situations where effective, fool-proof and professional approach to a problem reaps productive outcomes and new avenues.

Hypothesis adjustment 1.0: "In times of deep frustration, fulfillment follows only if your foundations are solid e.g. Productivity, work ethics, professionalism, honesty, humility, eagerness to advance yourself and impersonal decision making".

Feel free to add and adjust the above hypothesis based on your experiences.

Good luck!
By the way “Luck is opportunity and preparation.”

02-01-2009, 05:11 AM	#7 (permalink)
chineerat Junior Member Join Date: Oct 2008 Posts: 17	Congrats to ssandra I have recently broken away from my Job to follow my passion: Music and Business or Music as a Business whichever kicks off first. My advice apart from the technical aspects of business. 1) Focus: "whatever you focus on expands", what you will notice happening within your first few months of you venture you will see opportunities emerging that never existed while at you previous job listing the pros and cons of staying of leaving. 2) Be humble: "Have a willingness to learn", go into your venture with a never-ending learning attitude. Make a mandate to learn something new everyday. 3) Economics of Frustration and fulfillment: “After frustration comes fulfillment” This is a hypothesis I am testing, please bear this in mind it is in its testing phase and adjustment will be made late on. Based on my experiences I have come to notice that after a frustrating experience good news follow. No! I am not talking bout "when you hit rock bottom the only way it is up." I mean actual progress. E.g. I have a music band. One of the main problems I was having was with one of my singers: she is always late, never prepared, not improving on her singing and so on. I tolerated her because my concern was that if I fire her I will have to find a replacement which takes months and the band will miss upcoming gigs and so on. Also she was one of the founding members. But after a few months I gave her the axe. The mood of everyone was gloomy, very frustrating and almost everyone wanted to "jump ship". Now the problems start right? Wrong. After putting an ad on the newspaper for a singer I received numerous calls to fill the vacancy. Apparently there is a large supply of singers in my country (who would have thought?). Also the process of auditioning we have made good business contacts. Now the mood of the members is better than ever. The band right now is really “clicking”. The above experience is one of the many situations where effective, fool-proof and professional approach to a problem reaps productive outcomes and new avenues. Hypothesis adjustment 1.0: "In times of deep frustration, fulfillment follows only if your foundations are solid e.g. Productivity, work ethics, professionalism, honesty, humility, eagerness to advance yourself and impersonal decision making". Feel free to add and adjust the above hypothesis based on your experiences. Good luck! By the way “Luck is opportunity and preparation.”