Category Archives: entrepreneurship

DON’T DO IT THE HARD WAY

Food for thought   

With more than thirty years of experience as an entrepreneur, management consultant, and advisor to entrepreneurs I’ve made a lot of mistakes, learned important lessons, and had some good fortune and big successes. It occurred to me that I should share those experiences and write a book on the theme that “A wise man learns from the mistakes of others, only a fool insists on making his own.”

That book became DON’T DO IT THE HARD WAY, first published in 2014, with a revised, expanded, and updated second edition published in 2020.

DON’T DO IT THE HARD WAY - 2020 Edition includes:

  • Discussions in the e2eForum of entrepreneurs meeting with Uncle Ralph and sharing stories to learn from each other.
  • Real Life Stories of successes and failures and the lessons learned.
  • The Seven Biggest Mistakes that Entrepreneurs Make and How to Avoid them.
  • How to start a business, build a business, and exit a business.
  • Uncle Ralph’s Random Ramblings on a wide variety of subjects in strategic management, marketing, customer service, leadership, enlightened entrepreneurship, and commentary on current business issues.

The book is an easy read with practical advise and creative ideas for ambitious entrepreneurs to be better and do better. Food for thought, for renewed inspiration and motivation.

DON’T DO IT THE HARD WAY is available everywhere online or from your local bookstore in print or eBook formats. Visit LearningEntrepreneurship.com for more information and quick links to Buy Now!

Be better. Do Better. Be an Enlightened Entrepreneur.

Del Chatterson, your Uncle Ralph

Learn more about Enlightened Entrepreneurship at: LearningEntrepreneurship.com

Read more of Uncle Ralph's advice for Entrepreneurs in Don't Do It the Hard Way & The Complete Do-It-Yourself Guide to Business Plans - 2020 Editions.

Read more Blog posts at: LearningEntrepreneurship Blogs

 

 

Reduce the risk

Take more shots

Its pretty much generally accepted wisdom that the top scorers in any sport Michael Jordan, Wayne Gretzky, choose any superstar you like they all shoot a lot to score a lot. That means they miss a lot. (Not Tiger Woods or Rory McIlroy in golf, of course, every shot counts and the winner takes the fewest. But they practice a lot, and leave the misses out on the practice range.)

So what does it mean for an entrepreneur? Take a lot of shots.

Dont try to score on every one. Reduce the risk and improve the odds by reacting to the feedback. What works? What causes the consistent misses? Patient, persistent practice gets you closer to perfect performance.

More shots means more winners.

Go ahead, take another shot.

Be better. Do Better. Be an Enlightened Entrepreneur.

Del Chatterson,your Uncle Ralph

Learn more about Enlightened Entrepreneurship at: LearningEntrepreneurship.com

Read more of Uncle Ralph's advice for Entrepreneurs in Don't Do It the Hard Way & The Complete Do-It-Yourself Guide to Business Plans - 2020 Editions.

Read more Blog posts at: LearningEntrepreneurship Blogs.

 

Keep it simple

Focus on the fundamentals.

Canadian tennis hero, Felix Auger-Aliassime, at the Australian Open this week came back from losing the first two sets in a five-set match to suddenly overpower his opponent for the next three sets and win the match. What happened?

I decided to keep it simple, he said. The first two sets I was trying too hard to analyze his game and find a strategy to beat him, making it complicated. Its tennis, just hit the ball inside the lines.

Good strategic advice for entrepreneurs too. Keep it simple. Focus on the fundamentals.

Ive written thousands of articles and two books of advice for entrepreneurs (which I recommend you read, of course), but it can all be summarized in six simple words: Have a plan. Avoid the mistakes.

Go back to the fundamental principles that still apply and are consistent with your vision, mission and values. The challenges will be complicated enough without your help.

Be better. Do Better. Be an Enlightened Entrepreneur.

Del Chatterson,your Uncle Ralph

Learn more about Enlightened Entrepreneurship at: LearningEntrepreneurship.com Read more of Uncle Ralph's advice for Entrepreneurs in Don't Do It the Hard Way & The Complete Do-It-Yourself Guide to Business Plans - 2020 Editions.

Read more Blog posts at: LearningEntrepreneurship Blogs.

 

Be Better. Do Better.

Every day

Once a year is not enough

Its the start of a new year and were all expected to have prepared our New Years Resolutions for 2022 and be working diligently on them now. Whats the plan, the goals and objectives? How are we going to be better and do better this year?

The process of looking back to review our performance and planning ahead to refine our plans is a good one, but it should be done every day. Once a year is not enough.

My theme, as your Uncle Ralph, and the motto of LearningEntrepreneurship.com is to Be Better and Do Better, every day. Have a purpose and have a plan. Review and revise it every day How are we doing? How have we done? What do we need to do differently? Whats working that we need to do more of and even better?

Continuous improvement is not a new concept, but it is worth noting the two key words.

Be better. Do better.

Del Chatterson,your Uncle Ralph

Learn more about Enlightened Entrepreneurship at: LearningEntrepreneurship.com Read more of Uncle Ralph's advice for Entrepreneurs in Don't Do It the Hard Way & The Complete Do-It-Yourself Guide to Business Plans - 2020 Editions.

Read more Blog posts at: LearningEntrepreneurship Blogs.

 

Theyre here!

New 2020 Editions from your Uncle Ralph

I did say March and today Im making them available online everywhere!The 2020 editions of my two business books for entrepreneurs recently released.

Learn how to start, manage, grow, and exit your business. Two simple messages in two easy-to-read books for entrepreneurs: Have a plan. Avoid the mistakes.

Practical advice for Enlightened Entrepreneurs to be better and do better. With real life stories to illustrate the tips, tools and tactics to get the results you want. Ideas, information and inspiration from thirty years of experience as an entrepreneur, consultant, advisor, writer and cheerleader for entrepreneurs.

New 2020 Editions Advance Copies! Limited Time Offer.

Don't Do It the Hard Way

"A wise man learns from the mistakes of others. Only a fool insists on making his own."

Learn how to avoid the Seven Biggest Mistakes that Entrepreneurs make.

Only $9.95 US/CDN onAmazon.com&Amazon.ca Free E-book copy@Bookfunnel

The Complete Do-It-Yourself Guide to Business Plans

Do-It-Yourself Business Plan? Yes you can!

Only $7.95 US/CDN onAmazon.com&Amazon.ca Free E-book copy @Bookfunnel

Learn more at: LearningEntrepreneurship Business Books

Be an Enlightened Entrepreneur. Be better. Do better.

And dont neglect to wash your hands!Stay safe, be well and take care of each other,

Your Uncle Ralph,

Del Chatterson

My journey from Entrepreneur to Author-preneur

Its about the journey, not the destination

Live! SPOTLIGHT PRESENTATION STAPLES/BUREAU EN GROSKirkland, Quebec August 15th, 6:00PMIncluding Author Sale & Book-signing,12 noon 7PM

In this presentation, Del Chatterson will discuss his journey from successful entrepreneur to published author and share his experiences and the lessons learned along the way.

Helpful ideas, strategies and practical advice for both entrepreneurs and authors about creativity and the productive processes that lead to achieving your goals.

 

If you wish to become a writer, it can be a long and winding path and easy to get lost or discouraged with the lack of progress. Remember that there are important milestones that have to be passed:

  • Live an interesting life
  • Learn, work, play along the way
  • Discover yourself, attitude & aptitude
  • Just do it!

And remember to enjoy the journey, you may never reach your intended destination.

Important principles that apply to both Authors and Entrepreneurs:

  • Make good strategic choices
  • Its a team sport
  • Apply P.D.T. Power, Determination, Technique

 

  • Have a purpose and a plan
  • Define success
  • Understand your market
  • Learn by doing
  • Review, Revise, Repeat

 

  • Do it your way!
  • Its not about the money
  • Dont be shy

4 - Ps of Marketing & Sales

  • Persistent
  • Patient
  • Polite
  • Persuasive

Three simple steps in the process:

  1. Design and Build
  2. Produce, Package & Promote
  3. Sell like Hell!

Choices:

Your choices for professional resources and business partners:

  • Vanity press
  • Author services
  • Traditional publishers

Avoid the curse of Self-published

My choices:

  • AuthorHouse
  • Tellwell Talent
  • Canam Rapido Books
  • Seeking an Agent/Publisher as business partners

Do- It-Yourself Published

Its simple!

  • Have a Purpose and a Plan
  • Design & Build
  • Produce, Package & Promote
  • Sell like Hell!

 

  • Do it your way!
  • Its not about the money
  • Dont be shy

And don't forget to enjoy your reading and writing!

Be better. Do better.

Your Uncle Ralph,Del Chatterson

Del Chatterson, Author-Preneur, is an experienced entrepreneur and business advisor, consultant, coach and cheerleader for entrepreneurs.

He started a computer products distribution business in the 1980s and grew it from zero into a $20 million-a-year business in just eight years. He has shared his knowledge and experience with other entrepreneurs for over two decades and more recently has published two business books and a series of novels about entrepreneurship.

Del is dedicated to the promotion of Enlightened Entrepreneurship and generating more support and understanding for entrepreneurs who make a positive contribution to society by recognizing their responsibilities to employees, customers and business partners, their communities and the planet.

His business books for entrepreneurs and the crime fiction novels about an entrepreneur are available online or at your favourite bookstore.

Summer jobs

What did you learn?

Its time to get back to school soon and the kids are enjoying the last few days of their summer jobs. Remember those days yourself?

Summer jobsFun in the sun, hanging out with friends, pool parties, BBQ and beer, working on your sun tan and hitting on the other cute kids. Is that what you remember?

But it was not all fun. It was a job and it may have involved garbage collection, cleaning toilets, digging ditches, mowing lawns, making beds, hauling heavy loads or serving hostile customers. All while avoiding boredom, exhaustion and a demanding and difficult boss.

But there were important life lessons learned.

Simple lessons, but important:

  • Show up on time, work hard.
  • Focus on the task at hand.
  • Be responsible for your actions.
  • Pay attention to the customer, the boss and the environment in that order.
  • Use the right tool for the right job, be aware of safety and security issues.
  • Get your priorities straight personal, work, family and social.
  • Better performance leads to better jobs.
  • Save your money.

Lets hope these kids are learning them too. They will be better employees, bosses and entrepreneurs, if they learn from their summer jobs.

Be better. Do better.

Your Uncle Ralph, Del Chatterson

Visit LearningEntrepreneurship.com or contact DirectTech Solutions atwww.DirectTech.ca for assistance on your strategic business issues, growth and profit improvement plans or your exit strategies.

Join our mailing list at LearningEntrepreneurship.com for ideas, information and inspiration for entrepreneurs.

Read more articles at:Learning Entrepreneurship Blogs.

Click Here to check out Uncle Ralphs books, "Don't Do It the Hard Way" and "The Complete Do-It-Yourself Guide to Business Plans"Both are available online or at your favourite bookstore in hard cover, paperback or e-book.

 

Business without politics

Its not possible, never has been

politics & busThere was an old idea that you should never mix business and politics. The concern was that it can be hard to stay friends and keep customers, suppliers and employees loyal, if you strongly disagree on political issues.

But it has always been a hopeless and futile mission to avoid politics in trying to appeal to everybody, in spite of their political views. It is also not a good strategy. In my opinion, long-term loyal and valuable relationships cannot be sustained by good prices, products and services alone, there has to be a mutual respect and sharing of ethical principles, values and beliefs, including basic political ideas.

Modern consumers and employees prefer to do business with companies that share common values of respect for people and the planet and are not entirely dedicated to the single objective of increasing short-term profit. Enlightened entrepreneurs also understand that long-term business value is enhanced by meeting their social responsibilities.

For business people to be politically active is entirely appropriate and in line with meeting their business objectives to build sustainable value and growth. It may even require objecting to bad government policy and decisions that do not align with your view of those social responsibilities.

Of course, when youre opposed to the policies of a vindictive, impulsive, narcissist dictator in government, it may be necessary to be more cautious and diplomatic in your objections.

But take a risk, speak up.

It is not a secret what you think anyway, so dont be shy to defend your beliefs, values and political views. You will lose more goodwill and loyalty from your supporters, if you give in to public pressure or criticism from opponents. Defending your values and beliefs will build more loyalty with the customers and employees that you really want to do business with.

Dont give in, dont suck up.

Stick to your principles.

Your Uncle Ralph, Del Chatterson

Read more at:Learning Entrepreneurship Blogs.

 

Join our mailing list for more ideas, information and inspiration for entrepreneurs.

Click Here to check out Uncle Ralphs books, "Don't Do It the Hard Way" and "The Complete Do-It-Yourself Guide to Business Plans"Both are available online or at your favourite bookstore in hard cover, paperback or e-book.

 

Every business is a social enterprise

Its an evolution of the community

?????????The term social enterprise is starting to get annoying. Over-worked jargon used to make entrepreneurship in general or a particular business seeking support appear more appealing and acceptable to a cynical public that sees every business as evil and driven by the sole objective of making money for the executives and the owner/shareholders.

Often the promoters of social entrepreneurship come across as holier than thou, suggesting Im a good person and you are not, you filthy capitalist. Maybe Im being too cynical, but lets dig a little deeper before giving one entrepreneur more credit than another for being socially responsible. Attaching a label does not answer all questions.

Lets define a social enterprise as one whose primary objective is to address social issues. It can still be a good, sustainable and profitable business. And there is every reason to be optimistic that entrepreneurs can apply their skills in leadership, management and innovation to deliver effective solutions to social problems.

Is every charitable organisation or non-profit effective as a social enterprise? No. Some are corrupt, some are incompetent. Some pay their executives more than any profit-oriented enterprise could justify. So their positive impact on society and social issues is actually less than the enlightened business that recognizes its responsibilities to employees, customers, suppliers, strategic partners, its community and the planet, and responds effectively.

Is every profit-oriented business an evil enterprise creating social problems? No. But some are greedy, selfish, or incompetent and they do exploit employees, customers, suppliers, strategic partners, their communities and the planet. Fortunately they will not last.

The future will be better with both social enterprises and enlightened entrepreneurship.

Lets speed up the process of natural selection, by supporting those that meet the criteria of having a positive impact on society. Let the others go extinct.

Your Uncle Ralph, Del Chatterson

Read more at: Learning Entrepreneurship Blogs.

Join our mailing list for more ideas, information and inspiration for entrepreneurs.

Click Here to check out Uncle Ralphs books, "Don't Do It the Hard Way" and "The Complete Do-It-Yourself Guide to Business Plans"Both are available online or at your favourite bookstore in hard cover, paperback or e-book.

Qualifying Questions

Is it Strategic or Operational?

Before leaping into action, it is important to ask yourself some qualifying questions and make better decisions about both the immediate and the long-term action required.

Entrepreneurs are inclined to act instinctively and just do it when they are presented with a new challenge, opportunity or problem. No time wasted. Lets not make it complicated. Generally, thats an important trait for making progress quickly. But often, a quick assessment of the strategic and operational issues will lead you to better long-term results.

Think about it. Your wagon was rolling smoothly down the track, but on the last curve it suddenly flew off the rails. It happens, right? Well, before you yank it out of the ditch, set it back on the rails and push it down the track, ask yourself some qualifying questions. First operational, then strategic.

Is there a flaw in the track or something broken on the wagon? Does it need to be fixed now? How can we prevent it happening again?

Then, are we on the right track? With the right wagon?

What needs to change?

And most importantly, what have we learned that we can apply to future challenges. Keep learning, to be better and do better.

Your Uncle Ralph, Del Chatterson

Read more at: Learning Entrepreneurship Blogs.

Join our mailing list for more ideas, information and inspiration for entrepreneurs.

Click Here to check out Uncle Ralphs books, "Don't Do It the Hard Way" and "The Complete Do-It-Yourself Guide to Business Plans"Both are available online or at your favourite bookstore in hard cover, paperback or e-book.