Monday, October 12, 2009

Entrepreneurship Tips from Daily Worth

This article was first posted on the etsy blog. I think it's filled with fantastic tips, not just for etsy sellers but for everyone, so I wanted to share it with you lovely ladies. The origin site, Daily Worth, is also a wonderful source of tips and inspiration for entrepreneurial women like yourselves.

This guest post is by Amanda Steinberg, founder of DailyWorth is a daily email about money for women — delivering practical tips, empowering ideas and the occasional kick in the pants. Want to learn more about money management? Make sure you check out

1. Network From Your Desk

Network. Walk into an event or a lunch ready to rub elbows, shake hands, introduce yourself and exchange information. Opportunities are everywhere. Be ready to recognize and seize them. It means putting yourself out there to fail — or, more likely, succeed. Learn more tips here: Network From Your Desk.

2. Sell Your Friends

Celebrate the success of others. When someone you know — a colleague, a friend, even a professional acquaintance — succeeds in getting what she wants, be a cheerleader. Announce her success on Twitter or Facebook.

Good karma. Good business.

3. Be Phoney

You know what you want. You've been scheming for months. Now it's time to go the extra mile to show that you're serious. Here's a timely tip: don't hide behind your email. Whether you're seeking a new supplier or a new customer, pick up the phone and call. Call someone who knows someone who knows someone. More reading on this subject: 10 Tips for Telephone Success.

4. Deal With Doubts

You're juggling a day job with your business and feeling overwhelmed by both. At times like that you may wonder why you thought you could bring your dream into reality. What were you thinking? To be honest, if a lot of entrepreneurs knew what they were getting into, they might have run away screaming instead of starting a business. The thing is, dreams don't go away that easily. You may try to dismiss them, but they're always in the back of your mind.

Doubts will never completely go away. They're part of being human. So don't wait for them to disappear before you embrace your dreams; keep believing in them and visualizing them. You'll be surprised at what you will accomplish. It takes courage to step out of the crowd and create a business out of an idea. Working on a full-time job and a business will take every ounce of belief that you have in your dream -— and the reward will be beyond what you could have imagined. Check out this post for more steps on Dealing With Doubt.

5. Aim Higher

You know that saying, "Careful what you wish for, you just might get it?" Here’s a twist: Careful the amount of money you seek to make, you just might earn it.

According to “Client Attraction” coach Fabienne Frederickson, a recent survey of 200 women about income revealed just how low women are aiming. In her survey results, women entrepreneurs said they aim to earn $50,000-$75,000 per year. But judging from their professions, Frederickson determined that many respondents had the potential to earn far more.

All of this invites the questions: Why are you aiming so low, and what constraints are you placing on yourself? Shame on you. Seriously, no shame, but umph. Triple your goals. What's the worst that could happen? You could earn half of your goal, and still be better off than when you started.

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