Page 154 - Midas Touch

Your Personal Development Program
Becoming an entrepreneur can be the best personal-development program

you can enter, and your business can be your best business school. If you
grow personally, your business will grow. Unfortunately, if you don’t grow
personally, the opposite is also true.

Entrepreneurship is like the game of golf. When you miss that five-foot
putt, there’s no one else to blame except yourself, no matter how hard you
try to find another reason.

Although other people’s actions can affect your bottom line, the bottom
line is that it’s your bottom line. When other people lose your business’s

money, it’s still your business and your money. If your advisors give you
bad advice, you pay for that bad advice, in amounts far greater than simply
the fee you paid. If you blame others for your losses, you lose more than
money. You lose an opportunity to learn, grow, and become a better
entrepreneur.

One reason why most people stay in the E quadrant or stay very small in
the S quadrant is because they do not want to take responsibility for other

people. People can be your greatest asset, or your greatest liability.

Your Most Important Job
One reason many people do not do well in business is because they do not
do well with people. Do you know anyone like that? A person who just

can’t relate to people? He or she might be a great engineer, accountant,
inventor, attorney, artist, or singer, but just can’t get along with people.
The Midas Touch is really about you and your relationship to people.
Working well with people is your most important job, and it isn’t easy.
Why? Because people come in a lot of different shapes, sizes and flavors.
Here are some of the people you will need to relate to as an entrepreneur.

Working with Investors

These are the people who have the power to turn your idea into a business.
If they lack faith in your entrepreneurial skills, they’ll say, “Great idea—
but no thank you.” They may not say it that nicely, however. Ironically, the
world is filled with investors looking for great investments. The problem

is that there are very few great entrepreneurs who are worth investing in.