The Psychological Price of Entrepreneurship

Good article by John Rampton

“Every entrepreneur will experience the real price of entrepreneurship at some point in his startup career. If you haven’t yet, you will. It’s hard. It’s something I’ve had to deal with several times since quitting my job years back. The real psychological price of entrepreneurship can be too much for some to take.”

Read all about it on http://www.entrepreneur.com/article/244159

7 Unexpected Signs You Might Be an Entrepreneur

LinkedIn Influencer, Ryan Holmes, published this post originally on LinkedIn

Yes, you’ve got to be passionate, resilient and all that other good stuff. But there are more subtle qualities needed, as well. Networking with other entrepreneurs over the years through Hootsuite and working closely with young up-and-comers, he noticed that a lot of us share some common personality traits. So, without further ado, you might be an entrepreneur if…

1. You’re restless, and no achievement ever seems good enough. (CHECK)

2. You’re a control freak. (CHECK)

3. You’re a masochist.  (CHECK)

4. You have a love-hate relationship with money. (CHECK)

5. You’re a black sheep, and maybe even a dropout. (I WAS IN MATH 🙂 )

6. People think you’re crazy. (CHECK)

7. You’re somewhat introverted. (Mmmm not sure)

Read the whole article on Entrepreneur.com

7 Unexpected Signs You Might Be an Entrepreneur

5 routines to clear mental clutter

In recent years I’ve experienced that “FOCUS” is the most important challenge for most people. Too many distractions leads to poor decisions, bad health and zero results. It becomes a negative spiral.

I’m a winner, winners need results and focus is one of the key elements in my daily mantra. When I feel down at the end of the day, it’s typically because there was a focus problem and I had too many distractions.

Here’s a great article that can help you. I use all 5 techniques on a daily basis.

Why You Should Take Your Work Outdoors

Couldn’t agree more with the post of Lisa Evans. At Herculean we take our work outdoors all the time. Try it, it helps. Here’s an extract of her post:

Do you feel stifled by the four walls of your office or cubicle?

There’s a reason for that.

Trapping ourselves indoors has created what health experts call a “nature deficit disorder” — depression or anxiety resulting from too little time spend outside. Getting outdoors can do great things for your health. Reducing stress, lowering blood pressure and improving immune function are among nature’s health benefits. What’s more, incorporating elements of nature into your workday can also give your brain a boost, resulting in increased productivity, focus and creativity.

Read more

Inspirational mission to Dubai

Hey Belgian CxO’s, need to be inspired in only 4 days?

Together with ex-top tennis player Sabine Appelmans and her coach Serge Haubourdin, we will organise an exclusive inspiration tour of 4 days to Dubai from 19 until 23 March.

Enjoy the desert, be inspired by the vision of Dubai, meet successful entrepreneurs, meditate with our coaches and experience Hercules Trophy in the desert. A truly unique experience you can’t afford to miss!

Places are limited. Download the brochure here.

Dealing with failure

Many people struggle with it. Especially entrepreneurs in Europe, where it’s “not done” to fail and where the underdog always gets the sympathy. Or perfectionists. The problem with fear to fail or insecurity is that it can kill you. If you are afraid of failure, you don’t take risks and nothing will happen. Here’s a great article from James Caan about his lessons learned.

How I look at failure? First of all, I know I fail constantly. When failure is happening: attack the problem, don’t run away because it will get worse the longer you wait. Look it in the eyes. Pretty scary I know, but next time it happens you won’t be. Try to fix it on the spot as much as you can to really understand the source of the problem and not the result. Once you did the quick fix: Don’t change the dream, change the plan! And most importantly: I DON’T CARE WHAT OTHER PEOPLE THINK!

Here’s a good one I borrowed from Dave Crane:

Photo: Like (& Share) of the Day...

Belgium is surreal

I hear so many Belgian start-up entrepreneurs or companies that want to expand globally complain about the non-existence of Belgian Venture Capital and the lack of support from Belgian banks. I don’t complain, I confirm.

There has never been so much capital on Belgian bank accounts, but so called VC’s only invest in proven business (and then they need a majority of the shares for 100K, and most of them can’t even follow through)  and Belgian banks require a balance sheet of the past 3 years to get 100K… (which you don’t have and if you have it, it shows that you are investing and they bloody hate that). Oh and by the way, if you are going to use that money for international expansion you’ll scare the hell out of them. Oh and don’t ask them their balance sheet of the past years by the way….

Most Belgians even think you can become a global brand on the cashflow of your existing business. Get real! Ripping of your existing customers to finance your investments??? I don’t think so!

It’s surreal – I know – but that’s why Magritte was so successful. It is what it is. Don’t complain and don’t try to change that culture. It’s naive, it will drain you and take your focus away.

Go find capital in other parts of the world. They will understand you. Start from your strengths, to name a few:

  • Belgium has the best Universities in the world, even though others have better marketing.
  • Belgians can easily work with all nationalities. We can easily lead a very diverse team without posing a threat to all the big ego’s from the big countries. We have one of the smallest and most complex countries in the world, so I guess we can manage everything.
  • Belgians are humble and hard workers. They get things done, while others talk about it.
  • Belgians are the perfect mix of North and South. Structure from the North and good life from the South.
  • A lot of great things started in Belgium and were bought by big countries. Is that a problem for you as an entrepreneur? Why should it be? Let your baby grow! You want to be a global brand anyway, so why would you care? You won’t get any appreciation for what you did in Belgium anyway. Is that a problem for the Belgian government? It probably is, but they don’t care and you shouldn’t. They have other things to do like making sure you pay all your taxes.

So to all Belgian entrepreneurs (and no, that’s not the managers who work in big companies and claim to be entrepreneurs because it’s the new sexy): buy a ticket to UK, US or AE and convince venture capital there. It’s the only way!

Good luck! You’ve got my support and let me know how it went.

Maybe you’re just making excuses

“Focus, Most Important”, wisdom from mister Miyagi. “Your Focus Needs More Focus”, wisdom from mister Han. Thank you Karate Kid!

Focus is one of the 4 things in our mantra that I had to coach the most in all the business I worked. I believe it’s one of the most difficult things to learn because it’s about getting motivation from pain and people tend to avoid that. People like to do things that don’t hurt them. It’s about saying no to the things that take your focus away. It’s about spotting the excuses.

I believe a big dream helps, but it’s much more than that. Surrounding yourself with a great team that aims for world class performance and being supported by a network that wants you to achieve that dream is crucial. Looking at how top athletes did it always helps. Here’s a good one from Michael Jordan.