The words law and entrepreneurship don’t even seem like they belong in the same sentence.

One word represents the free-will to pursue the ambitions within your mind. The other word represents rules you must abide by in order to not get yourself in any trouble.

But yet, there are laws that govern entrepreneurship and you need to know them if you want to be a successful entrepreneur.

The laws I’m talking about aren’t taxes you must pay and the licenses required to legally operate your business.

I’m talking about the laws that put you in the position to make more money!

You might be passionate about helping your customers or finding solutions to social problems, but at the end of the day your time is valuable. You must be getting paid for the time commitment you put into producing a valuable product or service.

This sounds like common sense but you would be surprised to know how many entrepreneurs are basically giving their value away for little to nothing.

I call these type of individuals starving entrepreneurs. They’re like the starving artist who play their music for free because they “enjoy” they’re craft.

You can’t be one of these people and I won’t allow you to become this type of entrepreneur.

Passion doesn’t put food on your table unless that passion is being packaged as a business.

And unfortunately, too many entrepreneurs don’t know how to position their entrepreneurial venture as a real business so they’re really just operating a time sucking hobby.

A real business pays you and a time sucking hobby stresses you out because you’re desperate to make money.

But if you were abiding by the rules that govern entrepreneurship, you wouldn’t find yourself in a never-ending losing position.

This is why I want to teach you about the laws that govern entrepreneurship.

Once you understand the importance of these laws, you’ll start to operate in a more effective manner because you’ll know how to strategically work towards reaching your goals.

And what’s great about these laws is that they’re common sense considering the end-goal of entrepreneurship is to build a successful business.

Let’s start examining these laws so that you can improve your daily performance to produce better results.

Read More The Laws that Govern Entrepreneurship

Entrepreneurship

I recently released my first book, 10 Laws of Power for Entrepreneurs, which discusses the entrepreneurial process in detail.

I felt that this topic needed to be addressed because so many aspiring entrepreneurs don’t understand the process involved in entrepreneurship.

They subscribe to the belief that acquiring success is easy and almost instant — all that’s required to attain it is their “claim” to it.

May the ignorant soon find wisdom.

Entrepreneurship is a battle.

You’re battling for attention, for recognition, and for customers.

This makes success an elusive creature that can be very difficult to capture.

Therefore, mindset and behavior play a huge part in how well your hunt for success goes.

Your mindset influences the actions that form your behavior.

If you have a mediocre mindset, then you’ll have mediocre behavior.

A mediocre mindset is when you feel entitled, play the victim, and hate the success that other people experience.

Mediocre behavior is when you do half-ass work and always look for shortcuts.

Mediocrity is a repellent of success and unfortunately, a lot of entrepreneurs operate within the confines of mediocrity.

The entrepreneurial process requires a winning mindset because this type of thinking influences successful behavior.

If an individual doesn’t possess a winning mindset they’ll never succeed in operating within the entrepreneurial process.

This is because the entrepreneurial process requires consistency, persistence, and massive action.

The average person who performs at a mediocre level doesn’t have the capacity to perform well within the entrepreneurial process because it requires intense focus — something mediocre individuals can never have.

If you’re not used to being accountable for your own actions and hustling nearly 24/7, then you’re going to need a crash course to learn how the entrepreneurial process works.

You’re going to need to thoroughly understand this process if you have any chance at succeeding in entrepreneurship.

If you fail to grasp this concept, that is dependent on mindset and actions, you’re guaranteed to fail at entrepreneurship.

So let’s dissect the entrepreneurial process to help you learn how to operate effectively and efficiently as an entrepreneur.

Read More What is the Entrepreneurial Process?

Entrepreneurship

If you haven’t noticed, I recently released a new e-book called The Starter Playbook for Entrepreneurs. This e-book is a prequel to 10 Laws of Power for Entrepreneurs.

Even though I initially wrote this e-book as an appetizer for my book release on December 29th, I noticed during the writing process that the information enclosed was desperately needed by aspiring entrepreneurs who were entering the world of entrepreneurship.

Entrepreneurship is a complex world of many different moving pieces that have to connect together for you to succeed as an entrepreneur.

These pieces include: product development, customer service, sales, marketing, continued learning, networking, positioning, and many other different aspects that go into building a successful business.

Most people fail to connect all these different pieces together because they don’t really understand the entrepreneurial process.

But the only way you can understand this process is by possessing the mindset that enables you to implement the successful habits that develop successful behavior.

Because that’s all that failure or success as an entrepreneur really boils down to — your mindset which influences your behavior.

Read More Download Your E-book Now: The Starter Playbook for Entrepreneurs

Entrepreneurship

Portrait_of_Niccolò_Machiavelli_by_Santi_di_Tito
10 Laws of Power for Entrepreneurs continued…

Law VI: Seek Wise Council in Order to Learn How to Prosper
Entrepreneurs have to understand that you can’t do this all on your own. Help is needed for you to start your business and help will be needed for you to keep elevating to higher levels. Talk with people who are in the position you wish to place yourself within. Experienced people have the knowledge which you seek and can provide you with the guidance that helps you avoid mistakes that they have made themselves along their entrepreneurial journey. This means you have to put away your arrogance and humble yourself so that you can listen and learn. Find a mentor(s) that are all about ensuring your success. Don’t be afraid to reach out to people because you fear it shows weakness. It actually shows strengths that you are willing to seek advice in order to increase your capabilities that leads to you prospering. Read More 10 Laws of Power for Entrepreneurs Part II

Competition Entrepreneurship Finances Innovation Self-Improvement Small Business Young Entrepreneur

knowledgeispower
48 Laws of Power, the book that ambitious individuals are not so likely to admit they like or follow for guidance. Why? Because it deals with human psychology that polite society feels is too “sociopathic” to explore and use. I and others believe it is just about being a realist and exploiting opportunities that present themselves for you to exploit and prosper from. I don’t mean taking advantage of people but instead feeding off what they display to you as far as behavior, personality and motivations. Hopefully you didn’t perceive that statement in the wrong context…but moving forward, what lessons can entrepreneurs take away from 48 Laws of Power? Read More 10 Laws of Power for Entrepreneurs Part I

Competition Customer Relationships Entrepreneurship Productivity Self-Improvement Small Business Young Entrepreneur