Tips From A $50M Female Entrepreneur (First Part)

Tips From A $50M Female Entrepreneur (First Part)

How to advance your career as an entrepreneur

What move can you make right now to advance your career as an entrepreneur?

Modeling.

But it’s not the kind of modeling you think. To borrow (model) best practices and advice of wildly successful entrepreneurs is wise.

Rubbing shoulders at Ernst & Young’s Strategic Growth Forum with a plethora of business leaders at this level, Kelsey Ramsden stood above the crowd.

Founder of four companies, she is Canada’s Top Female Entrepreneur, a select member of Ernst & Young’s Winning Women Entrepreneurs for 2013 and on the Richard Branson Centre for Entrepreneurship as a mentor.

I like her already.

So we sat down virtually in front of members of Mighty Wise Academy for an exclusive interview on how she’s gone from zero to hero. In this first of three articles, she reveals eight tips on successful entrepreneurship you can follow today:

1. Don’t Start A Business Just For The Money

Ramsden sees plenty of entrepreneurs jump in the game of business ownership for one reason only — big dollar signs. But she warns it’s a “misguided and dangerous principle.” And I would agree with her. If you’re in the game solely for the money, you will end up disappointed. Yes — money is a way to keep score and it’s an important factor. But as Ramsden points out; “most seasoned entrepreneurs will tell you money is usually the last thing to come.”

2. Know Where To Focus Your Time And Energy

Chasing multiple rabbits (opportunities) breeds dysfunction. When you have too much to do (as we all can attest), not having a crystal clear picture of where to focus your time and energy will slow you to a snail’s pace. Because Ramsden owns four companies, she struggled with the same thing recently. In my private conversation with her, I simply asked this: “If you were guaranteed success no matter what big opportunity you chased, which would you choose?” Light shone from above to show her exactly where to focus. The question can do the same for you.

Read the full article at: http://www.forbes.com/sites/ericwagner/2014/02/04/8-simple-tips-from-a-50-million-female-entrepreneur/

Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.

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