A Startup State Of Mind

by Coach Davender on January 23, 2012

 I love going to tech startup events. There’s something unabashedly optimistic about startup entrepreneurs which is very different from most other kinds of people, whether they’re in business or not.

“Startup” has come to mean a very specific approach to business: an audacious idea which levages technology and capital to create something which is new, innovative and compelling. Add equal elements of fun, energy, optimism, and obsession and you start to get the vibe that happens in the Startup world.

I believe Startups have very important messages for all entrepreneurs, especially solos and micro businesses. Here are some things which come to mind:

  1. Pursue your dream without regard to current circumstances. Although Startup entrepreneurs, like most people, obsess about finding the money to create their business, they see it as another take to be accomplished, not an obstacle. In the Startup world, what counts is the person and the idea. The rest will come if these two items are clear and compelling.
  2. Business is communication. Startups are always pitching, speaking, writing. From the first moment, they are focused on how to communicate their idea to potential investor, clients and partners. Presentation competitions, whether for a one-minute elevator pitch or a seven-minute PowerPoint, are a central point of many Startup gatherings. I wish all entrepreneurs put this much effort into clearly communicating who they are and what they offer!
  3. Disrupt the status quo. One of the first slides of any startup entrepreneur’s pitch deck is a deceleration of how they are going to disrupt their market: going behind, around, under and over their competitors to emerge as the new standard. Startups want to make the current way of doing things in their market obsolete.
  4. Small is the new big. Startups start small, lean and efficient from the beginning. They want to grow in revenues without having to grow in team size. This is where the technology advantage really comes into play: quickly adjusting their focus to meet the constantly shifting sweet spot between what people are looking for and what the startup offers.
  5. Startups think young. Although the startup world tends towards the under-30 crowd, it is more of a state of mind, the optimism of youth. I guess the advantage here is energy. You have to be in good health to keep up with a Startup entrepreneur!

There are many more messages that Startups can teach all entrepreneurs. And some lessons to avoid. In my local market of Quebec City I am pivoting my business to focus more on tech startups, with the not-so-hidden agenda to bring the best ideas, tools and methods from the startup world so you can apply them in your business, whatever you offer.

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Hope Is Not An Option

by Coach Davender on November 22, 2011

“Just as despair can come to one only from other human beings, hope too can be given to one only by other human beings.” -- Elie Weisel

When did we decide that Scrooges and skinflints should be in charge?

All around me I hear doomsayers predicting an economic collapse that will envelope the whole planet, insisting that we all have to tighten our belts (especially the poor and middle class), preaching austerity or exhorting the jobless to accept any job, even if it doesn’t pay a living wage or it crushes the soul.

The problems we face cannot be solved by politicians and CEOs. They have too much invested in the status quo to see it change. So they use the most potent weapon they have: to kill people’s hopes and dreams.

Crushing hope is the ultimate power trip, because hope is as elemental to human survival as air, water and food. However, if you let someone steal hope from you, it’s not that they now have it. It is that you’ve voluntarily surrendered it.

Hope can be renewed by developing a clarity of purpose, a commitment to action, and the confidence that comes with making a difference first for yourself, then for others.

Hope is the realization that you only have one shot at life, so you want to make the most of it. I believe each of us has the right to fully live our own individual potential, and with this right also comes the responsibility to help others fully live theirs.

If our “leaders” can’t get us out of this mess, whose job is it?

It is time for us entrepreneurs to step up to the plate.

As an entrepreneur we live on hope. To be willing to invest sweat and savings into building a future is borderline insane these days. But we do it, willingly and passionately. Because we see a solution to one piece of the puzzle, and then plow forward to make change happen.

If the 1% wants to preserve the status-quo by killing our dreams, then it is up to us solos and micro-business entrepreneurs to rekindle hope by igniting the imagination, focusing the resources and stimulating the massive action required to overcome the huge obstacles we face.

Humanity cannot afford to lose hope. This means that you and you and you and I must, at a certain point in life, stop investing our time and talents serving other people’s agendas, and start living our own. This is the calling of the entrepreneur.

I, for one, am not prepared to throw in the towel in despair. I take it on as my personal challenge to promote hope by actively living my full potential through how I’m building my business and encouraging others to live their dreams and passions through businesses of their own.

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The economic slowdown has people looking for other ways of making ends meet. Lately I’ve seen an uptick in the number of network marketing / MLM opportunities. Just this month (November 2011) I’ve had three people approach me to pitch their opportunity.

I personally like network marketing,having had a certain success with it. I started with the venerable Amway when I lived in Northern Alberta back in 1992 – which was a good deal then even as a customer, because the nearest real shopping was a four hour drive to Edmonton. I broke through the beginner barrier in 2002-2004, making a good supplementary income with Usana Health Sciences (Disclaimer: I terminated my distributorship with Usana in 2006 to focus on my coaching business). I also lost money with companies in telecommunications, nutritional supplements, business services and website storefronts. In three of those losing situations, the companies went belly-up. In one case in particular, the first commission check I received ended up bouncing.

I discovered what works in network marketing, and what does not. Network marketing is where I learned how to sell, how to work with a team and how to be a good sponsor, upline and team leader. I also learned how to deal with the politics, backstabbing and betrayals of uplines, crosslines and company headquarters. So I have a personal experience of the good, the bad and the ugly of MLM. And this has convinced me of the importance of performing a good due diligence before signing up.

Here are points that I look at when I’m presented with an opportunity. This list is more thorough than most you will find on the web, and at the same time not as thorough as it could be. Some of these questions might not apply to your opportunity, but if any of these things cause you to respond with “no” or “unsure”, definitely think twice before handing over your credit card.

Some of these points come from my own experience of what can go wrong. See if you can spot them!

(Full list after the fold)

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