Shark Tank: The Power of Perseverance Over Ideas

I was blessed to participate in two Shark Tank pitches for business owners who have gone through our programs.

I realized that one of the reasons the sharks want to see that entrepreneurs have sold their product without money, is not just to validate the idea. It’s because they want to understand the level of perseverance. Are you willing to do WHAT EVER it takes to be successful? Including finding ways to get your product sold without money.

Believe it or not, there are zillions of ideas floating around Dallas: from Cajun Turkey bites, to Social media apps, to a device that turns regular shoes into bowling shoes or golfing shoes.

As I watched these budding entrepreneurs I was reminded that the power of entrepreneurship is not the idea. Ideas are a commodity.

What makes a business concept work is the level of perseverance of the entrepreneur.

You have to be ridiculous passionate about your concept.
You have to believe in yourself when no one else does.
You must dust yourself off when you fail, and find new ways of motivating yourself when the walls seem bigger than your ability to overcome.

Building a business isn’t about the entrepreneur’s idea. It’s about the power of perseverance that beats in the hearts of those who refuse to quit.

As I’ve always said: Entrepreneurs have great ideas and no money. Business owners work hard and have a little money left over. CEO’s do what is necessary to become financially free. Choose wisely.

Why Do the Rich Get Richer?

Being born into a wealthy family does not guarantee that a person can legitimately CREATE wealth later in life, which is not the same as inheriting wealth. What rich people do have is the belief that wealth is attainable. They expect it.

Want to Cure the Sunday Night Blues? It May Be Time to Start a Business

Are you like most 9-to-5ers, “working for the weekend," only to have the Sunday Night Blues kick in with a vengeance? If you can relate, it may be time to consider new career options. For me, I chose learning how to start a business.

Three Ways We Block Abundance

We frequently BLOCK abundance by not trusting our own power, and instead seeking power externally. As a result, we look at where we are and judge it as not enough. Creating abundance can be EASY, even though the ego would like us to think that it’s hard.