entrepreneur lessons

 

Earlier this week, I wrote an article that shared 10 tips for entrepreneurs from Michelle Obama’s DNC speech.  I thought it would be interesting to share 10 tips from President Barack Obama’s DNC speech that will help entrepreneurs.

 

When you are an entrepreneur, it is a good idea to learn lessons from whatever source possible. People with different thoughts, ideas and policies may have things you can learn that will benefit your business. Never be afraid to learn from someone with different ideas. First, I will share my ten favorite lines, then I will discuss them in details.

  1. Don’t boo, vote
  2. We meet our commitments, we bear our burdens
  3. That’s our birthright, the power to create our own destiny
  4. The American dream is something no wall will ever contain
  5. Hold them accountable until they get the job done
  6. Yes we can
  7. They value traits like honesty and hard work
  8. We don’t fear the future, we shape it, we embrace it
  9. Summon what is best in us
  10. The audacity of hope

 

Don’t boo, vote aka don’t complain, do something about it.

No matter what type of work you do and no matter what your industry, there will always be things going on somewhere that you do not like. There will be competitors who cheat at business, do poor quality work or act in ways to demean the profession. At your company, there may be employees who do a shoddy job, give poor customer service. When you encounter these kinds of people and situations, you have a choice. You can whine, moan and complain. Or you can do something to make things better. Lesson recap – choose to vote – do not just complain, instead work to fix the problem.

We meet our commitments, we bear our burdens aka your word is your bond so keep your promises.

There are several things that can help a small business owner become a big business owner. One of those things is to keep your word. No matter what reputation you have and no matter how good a job you do, customers will not refer you to others if your word cannot be trusted. If you promise delivery on Wednesday, but do not deliver until the following Wednesday, that customer can no longer trust your word. If you tell employees they will be paid every two weeks and then pay them later, your employees will not trust your word. Suppliers who expect you to pay within 15 days but still have not been paid after 30 days will not trust your word. Lesson recap – when you make a commitment, keep it so that you will be seen as a person of integrity.

That’s our birthright, the power to create our own destiny aka you can always create a business of your own.

One of the things that makes the United States of America the greatest country on earth is the fact that anyone can be an entrepreneur. Anyone can build a better mousetrap and start selling it. A person can be an employee on Monday and an entrepreneur on Tuesday. Each of us has the power to create a business of our own and make it a success. Lesson recap –

The American dream is something no wall will ever contain aka there is no limit to what your business can achieve.

All across the United States there are small business owners in almost every industry imaginable. Each year a few of those small start-up enterprises become big, successful and thriving companies. One of the beauties of being an entrepreneur is the fact that no one can determine the heights to which your business can climb. Your success is not determined by the limits set by other business owners. You can determine your business’ limits. Lesson recap – never let someone else determine the path for your business, instead set your own path and follow it.

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