Top 7 Entrepreneurship Lessons of 2020

As we close out the end of 2020, one of the most memorable years on record, I'd like to reflect on some lessons learned.  Without a doubt, some of these lessons were not easy to take, but I hope you will find some value in them.  

Lesson #1:  You must have an income that you control.

This year, unlike any other, has made it so abundantly clear that anyone who only had one source of income was vulnerable.  Vulnerable to losing your income in the minute it took for you to take that call from your manager that you were being furloughed.  Vulnerable to losing the roof over your head.  Vulnerable to loosing everything.

When you have an income that you control, no one can take that away from you.  You get to create real financial security because you create and control what you make.

Lesson #2:  Adaptability is key to survival.

A few years ago, the buzz word everywhere was the "pivot".  You had to be able to pivot or adapt if you were...

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3 Steps to Turn your Entrepreneurship Dreams into a Reality

I love a good dream!  And most of the times I can even remember the details when I wake up.  If I'm lucky enough to remember it all, I can't wait to share it with my husband, Jeffrey.

Maybe you've had some vivid dreams about being your own boss, but you're ready to stop talking about it and be about it.

It can be fun to dream about that business you want to create, but dreams alone won't get you very far.

When I was still working in the corporate world, I spent years dreaming about what I would do when I finally went out on my own.  What helped me finally turn those dreams into reality are the steps I'm sharing with you below.

Step #1:  Make a decision and commit to it

I made the decision that I was finally going to work on my exit plan.  This step may seem easy, but the hardest part for most people is making the decision that you want things to change.  Once you've made the decision, you then have to commit to seeing the journey through and doing...

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My Top 10 Entrepreneur Lessons Shared Since The Beginning of 2019

 

In this video from my weekly Facebook Live I shared my top 10 Lessons taught over more than two dozen live trainings since the beginning of 2019.  They're not necessarily in order of importance, but rather in order of how you might make your transition from a corporate job to owning your own business.  

I know I love it when someone gives me a quick summary of the things that will be the most impactful for me, so I thought I’d do the same for you.

I want everyone here to end 2019 with some of your biggest goals completed.  

Let’s make this happen together!

Lesson #1:  There is no such thing as Job Security.   Your only security is the one you create by controlling your income by creating your own economy.

Lesson #2:  Before you make the transition from your corporate job to entrepreneurship, among other things, focus on paying down your liabilities (specifically consumer debt) and make sure you build a cash cushion.

Watch the video to...

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