Leap Year

It’s Leap Year! When you check on this statement you may be confused because it might not be officially true – at least according to the calendar. But from an entrepreneur’s perspective, it’s Leap Year. OK – some additional set-up is in order. Let’s think about where we are in our lives and in our careers. What have we achieved? Does it seem like we may be putting one foot in front of the other and carefully walking down the street? Is something holding us back from bursting into a full sprint? Do we have a gnawing feeling that we’re behind the curve and maybe even falling short?

I’d like to tell you a story about a friend of mine. I have his permission to share this, so I’m not talking out-of-school. More than 15 years ago he asked me if I could mentor him in a life-coaching sense. He had a great job with a well-known and highly respected company and was climbing the ladder. He had the opportunity to move to another city with the same company and eagerly did so. He continued to excel in the corporate world and was financially secure. But he was yearning for something more.

This individual had a passion for the outdoors and loved to go rock climbing and whitewater rafting. It was his release from the stress of his daily routine. Eventually this passion became a part-time business. My friend began guiding trips for other entrepreneurs that had a similar passion for the outdoors. He became a master at juggling his day job with his new hobby-business. Ultimately, his yearning overtook the conservative, safe side of him and he quit his very lucrative corporate job to work for himself. Today, I am proud of the fact that he has built a successful company providing a wide range of guided outdoor excursions to a variety of destinations.

Of course the path taken by my friend was neither direct nor smooth. He struggled mightily to make the final decision to take the Big Leap. But in the end he did and it has paid off mightily for him. He is a happy man who is in charge of his own destiny and blessed to be able to provide a good life for his family. So, how did he do it?

The Big Leap is undoubtedly different for each of us. But it requires some of the same basic elements. First, is the element of Strong Desire. Do we really want it? The Big Leap can happen when Strong Desire becomes overwhelming. We really, really want something to happen. It’s stuck in our consciousness every day. It’s a craving. All we can think about is that which we envision becoming a reality for us.

The second element is that of Knowledge. My friend amassed considerable Knowledge by experimenting with his business ideas while still working his full-time corporate job. He did this for a period of years – not weeks or months – and was able to learn what worked and what didn’t. He achieved a deep understanding of the market opportunities as well as the pitfalls to avoid. And the more Knowledge he gained, the more his Strong Desire became even stronger.

The third element is that of Confidence. I watched with admiration as my friend’s Confidence soared over time. His Strong Desire supported by Knowledge had become a quest. We worked through an Opportunities-to-Fail exercise where we inventoried all of the risks we could think of and how he would mitigate those risks. This all unfolded in a measured way. We didn’t rush but we also didn’t tarry. His Confidence grew as the result of a process.

Finally, the last element of the Big Leap is that of Faith. I’m not referring to Faith in a religious sense. Instead it’s a belief that goes beyond the empirical nature of Confidence. In this case, my friend had reached the point where his Strong Desire, Knowledge and Confidence coalesced to produce a belief that he would absolutely succeed. Oh sure, there were still moments of doubt. But they didn’t shake his Faith that he would be able to make his new venture work.

We can make every year Leap Year. When we’re ready to shake out of the same-old, same-old and take that next big step, we can do so when the four elements of Strong Desire, Knowledge, Confidence and Faith are combined to buttress the big idea that we have.

You can also listen to a weekly audio podcast of my blog. What you hear will be different than what you read in this blog. Subscribe on iTunes or wherever you get your podcasts. You can also click on this link – Click here to listen to Audio Episode 30 – 980 by 600.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

skydiving

Brick Walls

Let’s count brick walls. They are everywhere. We encounter them at work and at home. We find them in our personal and business relationships. Brick walls seem to be a part of our lives. But do they need to be?

We tend to be great masons and build some very elaborate and impregnable brick walls. The brick walls to which I refer are the limitations that we impose upon ourselves. Sometimes we believe that these limitations are imposed by others but if we really examine them closely, they are more often than not, self-imposed. It is critical for us as entrepreneurs to avoid allowing thoughts of lack or limitation to creep into our psyches.

Let’s look at some of the things we speak to ourselves and say to others. Anytime a sentence contains the words “I can’t,” “I don’t” or “I won’t” there’s a strong possibility that limitations are in play. Certainly there are some limitations that are rational and necessary – I’m not talking about those. Thoughts of lack and limitation that prevent us from achieving our greatest potential and success are what we need to train ourselves to eliminate.

I can recall several times over the course of my career where a rookie entered the commercial real estate business and completed a series of amazing transactions. Everyone looked at each other and said, “How did he do it?” Well, I know how. This rookie didn’t know what he didn’t know. Make sense? In other words, he didn’t know to place limitations on himself that many veterans of the industry had imposed upon themselves. As a result, he made cold calls on clients that others thought to be untouchable or intractable. And guess what? He got deals done.

Why do we limit ourselves in the first place? Often it is the result of fear or a lack of knowledge. Analyze the following statement. “I can’t pursue that business opportunity because I don’t have the money to do so.” This statement contains both the “I can’t” and “I don’t” negative affirmations which will probably result in this person not pursuing the business opportunity. Most likely the underlying reason for the statement is that this person either has a fear about the business opportunity – perhaps it’s a fear of failure – or he/she simply doesn’t know how to find the money needed. Regardless, the opportunity won’t be pursued because this person has built a brick wall around it.

So, what’s the truth? We have a choice to either create reality or face reality. If we choose to create our reality, we can do so by removing all thoughts of lack and limitation. We tap into our creative energy and identify the resources that we need to succeed. We pursue that business opportunity because we find a way to raise the money that is needed. In several of the companies with which I’m involved, we regularly complete apartment developments and acquisitions utilizing very complex financial structures. We’ve rescued many a deal from the scrap heap because we not only have the knowledge to figure out how to make them work, but we also have no fear of failure. Do we fail? Sure we do. But our failures are simply steps toward our ultimate end goal. And we manage our risk so that none of our failures are fatal.

We can go through a life full of brick walls that are of our own making, or we can create our own reality by taking the simple yet powerful step of eliminating thoughts of lack and limitation. Whenever these thoughts start to become a part of our mindset, we recognize them; we release them, and we replace them with the truth of unlimited possibilities.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

brick walls