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Start-up Advice

(Slideshow) Movies Every Entrepreneur Should Watch

Do yourself a favour and make sure that you see these movies.

Alison Job

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The Godfather (1972)

The Godfather movie

The Godfather

“Don’t ask me about my business!” – Michael Corleone (Al Pacino)

The Godfather is the story about the growth of a small family business as it becomes the largest organised crime family in New York, fighting off opposition at any expense. The Godfather and his son Michael Corleone are the brains behind the family and this film gives you an insight into what it takes to become one of the most powerful family businesses in the country.

Citizen Kane (1941)

Citizen Kane (1941)

Citizen Kane (1941)

“You’re right, I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars *next* year. You know, Mr. Thatcher, at the rate of a million dollars a year, I’ll have to close this place in… 60 years.” – Charles Kane (Orson Welles)

No list of great films would be complete without this classic, which traces the life and times of Charles Foster Kane, a fictional newspaper tycoon based partly on William Randolf Hearst. Kane’s career in the publishing world is born of idealistic social service, but gradually evolves into a ruthless pursuit of power.

Related: (Slideshow) Best Business Success Quotes from Movies

Glengarry Glen Ross (1992)

Glengarry Glen Ross (1992)

Glengarry Glen Ross (1992)

“A-B-C. A-Always, B-Be, C-Closing. Always be closing” – Blake (Alec Baldwin)

This film about desperate New York real estate salesmen fighting for their jobs cuts almost too close to the bone. The film depicts two days in the lives of four real estate salesmen and how they become desperate when the corporate office sends a trainer to ‘motivate’ them by announcing that, in one week, all except the top two salesmen will be fired.

It’s A Wonderful Life (1946)

It's A Wonderful Life (1946)

It’s A Wonderful Life (1946)

Don’t you see what’s happening? Potter isn’t selling. Potter’s buying! And why? Because we’re panicking and he’s not. – George Bailey (James Stewart)

The film is about George Bailey, a man who has given up his dreams in order to help others and whose imminent suicide on Christmas Eve brings about the intervention of his guardian angel, Clarence Odbody. Clarence shows George all the lives he has touched and how different life in his community of Bedford Falls would be had he never been born.

Related: Business Lessons from Quentin Tarantino Movies

Office Space (1999)

office-space-1999

Office Space 1999

“My only real motivation is not to be hassled – that, and the fear of losing my job. But you know, Bob, that will only make someone work just hard enough not to get fired.” – Peter Gibbons (Ron Livingston)

While it’s great to have a job in this economy, that doesn’t mean you should be miserable day in, day out. For fed-up officer workers who need a push to make a change, then this is it. The film satirises work life in a typical 1990s software company. Peter Gibbons is a man who hates his job and starts to increasingly slack off and do things his own way. Trouble arises when he starts stealing from the company and things go awry.

American Gangster (2007)

American Gangster (2007)

American Gangster (2007)

“The most important thing in business is honesty, integrity, hard work, family, never forgetting where we came from. See, you are what you are in this world, that’s either one of two things: Either you’re somebody … or you’re nobody.” – Frank Lucas (Denzel Washington)

Gangster Frank Lucas manages to enslave an entire neighborhood to hard drugs. Lucas smuggled heroin into the United States on American service planes returning from the Vietnam War. Eventually he is detained by a task force lead by detective Richie Roberts. Why should entrepreneurs watch this film? Lucas was successful because he identified and exploited inefficiencies in the market and stole share from established players.

Related: The McDonald’s Origin Story Starring Michael Keaton On Circuit Soon

Boiler Room (2000)

Boiler Room (2000)

Boiler Room (2000)

A sale is made on every call you make. Either you sell the client some stock or he sells you a reason he can’t. Either way a sale is made, the only question is who is gonna close? – Jim Young (Ben Affleck)

After entering the stockbroking profession to impress his father, Seth Davis, a college dropout, soon realises the huge earning potential ahead of him. But with commissions much larger than any other company, Seth soon learns that not everything is what it’s cracked up to be and he’s forced to face the dilemma of money and greed vs. morals and legality.

Jerry Maguire (1996)

Jerry Maguire (1996)

Jerry Maguire (1996)

“I will not rest until I have you holding a Coke, wearing your own shoe, playing a Sega game featuring you, while singing your own song in a new commercial, starring you, broadcast during the Superbowl, in a game that you are winning, and I will not sleep until that happens. I’ll give you fifteen minutes to call me back.” – Jerry Maguire (Tom Cruise)

This is a story about a man who’s at the top of his game; beautiful girlfriend, the biggest clients, lots of respect. But then he decides to step back and question it all and proposes his new thoughts to the rest of the company, which ultimately ends in him losing it all. Everyone turns his back on him, except for one, very volatile client, Rod Tidwell. From here you see Jerry examine what it really important to his business and life and works towards bringing it all back together again, only this time, the way it should be.

Pursuit of Happyness

Pursuit of Happyness

Pursuit of Happyness

“You got a dream… You gotta protect it. People can’t do somethin’ themselves, they wanna tell you you can’t do it. If you want somethin’, go get it. Period.” – Chirstopher Gardner (Will Smith)

This is a real life story of a man who believes so badly in a product that he can’t sell that he ends up losing his house, his wife and his money, being left with just himself and his son. This in itself is an important lesson to be learnt, but it’s the steps that he takes from here that really shape him into who he becomes.

Against all odds, he takes an unpaid internship to become a stockbroker, fighting against his peers for a single job at the end of it. This is a powerful true story that sticks with you as you face your own personal struggles in business.

Next Slideshow: 11 Business Books You Need to Read

A few essential reads to add to your list. Click Here

 

Alison Job holds a BA English, Communications and has extensive experience in writing that spans news broadcasting, public relations and corporate and consumer publishing. Find her at Google+.

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1 Comment

1 Comment

  1. Disqus - ASM

    Mar 20, 2015 at 23:25

    Entrepreneurs should watch gangster movies..? Amazing..!

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Start-up Advice

Entrepreneurship Is All About Overcoming Obstacles

Confronting your own doubts and fears is the essence of being an entrepreneur.

Kimanzi Constable

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overcoming-obstacles

Entrepreneurship is not a destination; it’s a journey. On this journey, successful entrepreneurs don’t have an expectation of “arriving” to some finish line. If you do have that expectation, you won’t continue to push yourself to step outside of your comfort and grow. You won’t seek out the things that truly help your business experience explosive results because all those things require you stretching yourself.

On any journey, you have times of joy and more than a few setbacks. During the times of joy, you feel like you can accomplish anything. It gives you the strength and motivation to continue to put in the work that helps your business.

During the hard times, negative feelings and emotions can easily take over. Before you know it, you’re feeling sorry for yourself and you turn to your familiar coping mechanism.

That coping mechanism could be food, alcohol, binge-watching TV or any other thing that takes your focus away from what you want to accomplish in your business. Since you don’t have a boss or company dictating your day and what you accomplish, that time “coping” could turn into weeks of your doing no work at all.

Related: Why You Shouldn’t Quit Your Job To Start A Business

Becoming a successful entrepreneur means understanding hard times are when you need to push. When there are obstacles, here’s what you need to do.

Acknowledge, then process your thoughts

The only way to get through obstacles is to start with acknowledging that they’re there. The gateway to your feelings and emotions is your thoughts. What you think about and focus on is what you’ll attract more of into your life.

When you’re dealing with obstacles, your thoughts focus on what you can’t control and why that situation is happening to you. That can be a dark place.

When you feel your thoughts spiraling, give yourself two minutes to fully feel what is going on in your head. Don’t try to suppress those thoughts – let them out. When you try to suppress them, they grow stronger and threaten to get control.

Related: How To Survive 150 Straight Rejections

Once you have given yourself two minutes, take control of your thoughts. Focus on what brings you joy and what you’re grateful for in your life. It’s hard to be down when you’re expressing gratitude.

Focus on what you can control

Life is messy. Change is hard. Growing a business is not easy and it feels like everything can go wrong at once. There are always going to be things you can’t and shouldn’t try to control.

Related: 3 Key Law Areas To Know When You Launch That Start-up

There are, however, things you can do something about. If your marketing plan is off, you can readjust. If your sales are lacking, you can go back what you know works. If a team member is causing more trouble than is worth helping them, you can let them go.

The point being, there are tangible things you can fix in your business no matter what is happening. Identify what the things are that you can do something about.

Create a plan that will help you get on the path to recovery. Make it practical and actionable. Fill up your to-do list and calendar with the tasks that lead to results.

Ask for help, then take action

Some obstacles feel like more than you can handle. Seeking counsel and support can be the difference between you getting through it or failing.

Don’t try to be Wonder Woman or Superman. Seek help. One of the best things you can do is make decisions that help you recover. Talking and planning with someone who understands and is trained in dealing with a crisis is valuable.

Then, make decisions that are action-based. If a decision pushes you toward the action that helps your business, make it. One of the best ways to recover from difficult situations is to take massive action. Taking action on the things you can control will give you progress. As you consistently take action, you’ll be closer to your goal before you even realise.

Related: What You Need To Know About The Lean Start-up Model

Obstacles don’t have to be business breakers in your life. You can learn from them and use them to make you a stronger and wiser entrepreneur. The most successful entrepreneurs understand that it’s not the crisis – it’s your response that determines how successful you’ll be. Stay strong, process your thoughts, create a plan and then take action.

This article was originally posted here on Entrepreneur.com.

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Start-up Advice

Start-ups: Creating A High Tech/High Touch Environment

Here are some practical tips for creating a ‘high tech/high touch environment’.

Dirk Coetsee

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high-touch-technology-area

In this fast-paced tech orientated world things are changing at a frightening yet exciting rate. It is so easy and so quick to create a tech start-up from anywhere in the world and office space as a requirement to start up has become obsolete, your garage will do. Yet because it is so easy and so cost effective for so many to create a start-up it is so hard to stand out amongst this entanglement of serial tech entrepreneurs and innovative start-ups.

The millennial generations’ general paradigm of thinking, which is more open –minded and entrepreneurial is slowly but surely breaking through the barriers of traditional business operations, mechanisms and methods, imbalances are created, however, when tech is the sole focus and people are forgotten in the process. As is so evident throughout history eventually by some means balance is sought in order to create equilibrium.

This writing serves as advice to all tech start-ups to seek balance from the onset in creating a “high tech/high touch” environment. A “High tech/high touch” environment can be defined as a balanced approach where both tech solutions, and of equal importance, team empowerment and inspiring leadership form a potent combination of enduring success.

Related: What Is Limiting Your Entrepreneurial Mindset

Technology by itself cannot solve everything but technology applied in unison with a strong people centred approach can be a powerful catalyst towards solving at least some of this worlds’ major challenges.

Although many factors such as for example fiscal discipline and other management controls play a vital role in your start-ups’ success do not forget to create an inspiring environment for your team within which they feel safe and united in purpose. Key to business growth is the individual growth of all team members and no stone should be left unturned in moving from a toxic and/or culture of complacency to a learning and growth culture.

Co-create an inspiring vision for your team and get their full buy-in. If you cannot do that you might have to put in more effort when it comes to your own leadership skills and/or “free up the future” of complacent and lethargic employees whom simply do not want to work hard to collectively actualise your business’ co-created vision.

Although very hard, it is worth the effort to only hire people that are passionate about and have integrity in what they do. If a sustainable and successful “high tech” environment is the aim ensure that it is underpinned by very smart hiring and training practises further enhanced by a good dose of inspirational servant leadership.

Generally speaking, everyone wants to feel part of something bigger, exciting, and inspiring. It is your responsibility as founder and leader to create a motivating and energetic business climate wherein every team member is empowered to execute at a rapid pace and with a “zero defect” mind-set. A team environment wherein everyone sincerely wants to be great at what they do and are energised by ‘small wins’ on the path to actualising the grand vision of the company is far more inspiring and sustainable as opposed to an environment where ‘subordinates’ are only managed and basically forced to do their jobs.

Related: The Anatomy Of Peak Performance

Sincerely care for your people yet maintain balance,as caring does not mean you treat them like children. Caring means taking great interest in both their career and personal development, and to be tough enough to eventually let those go that does not constructively contribute to a positive growth culture.

Here are some practical tips for creating a ‘high tech/high touch environment’:

  • Have a balanced approach in hiring. Hire for technical and people skills and ensure that there is a clear development and training plan for all team members that is reasonable and attainable.
  • Find your purpose as an entrepreneur and with great enthusiasm model that purpose at every juncture as to inspire others to find their purpose.
  • As ‘culture eats strategy for breakfast’ guard the positive and growth culture that you model as a leader with all your energy and remove anything and anyone from the aforesaid culture that is counter-productive to your business performance.
  • Sincerely care about and show that you care about each individual team members’ personal and career development.
  • Regularly put having fun and inspiration high on meeting agendas as we generally take ourselves too seriously.

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Start-up Advice

Why You Shouldn’t Quit Your Job To Start A Business

Rather than taking the plunge, consider dipping your toe in first

Yannick van den Bos

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As the world becomes more digitized and access to the internet is something we all enjoy, more and more of us want to quit our day jobs to start our own businesses. The word “entrepreneur” is thrown around a lot these days, with many people seeing it as a means to enjoy a whole new level of professional, financial and personal freedom.

It is not difficult to see why, either. Having the ability do what you love, when you want and on your own terms is certainly attractive, especially when you could potentially build it into a sizeable income. Don’t be too quick, however, to abandon your day job to pursue your entrepreneurial dreams. Many of today’s best-known entrepreneurs consider doing so to be reckless and unnecessary.

“Entrepreneurs” are rarely the modern-day maverick who suddenly decide one day to quit their jobs and pursue their dreams. After all, quitting a job to pursue business is risky, especially without having a safety net in place. In fact, the majority of people who decide to start an online business will fail within the first year.

Further, there is far more involved in transitioning from being an employee of others to becoming your own boss than you may realise. Changing your mind-set from that of an employee to an entrepreneur is a major key to successfully bridging that divide.

Related: 3 Key Law Areas To Know When You Launch That Start-up

If you operate with the mind-set of an employee — a person who is used to working for others and being paid by them – you will almost certainly fail. When you work for others, you do what they tell you to do. As an entrepreneur, you decide what the next best step is, and you execute that step in your day-to-day actions. The latter requires both a significant mind-set shift and major discipline.

At the same time, in our rapidly changing economy, you would almost be doing yourself a disservice not to start a business. But, how can you do so while working full-time?

Take the “hybrid path” to entrepreneurship

If you’re willing to sacrifice much of your free time now to reap the rewards later, you have what it takes to become an entrepreneur. Often called the “hybrid path” to entrepreneurship, many successful entrepreneurs started their business while still being employed full-time.

Research has shown that those who kept their day jobs while starting their businesses were 33 percent more likely to be successful than their risk-taking counterparts.

Leveraging your full-time job in the early days of your business, allows you to build on firmer financial ground, increasing the likelihood that your enterprise will last and thrive through the initial stages.

Related: What You Need To Know About The Lean Start-up Model

In addition, being entrepreneurial within your existing job allows you to build the necessary skills and traits you will need as you transition from your employee to entrepreneurial role.

Being impatient and chasing short-term gratification by quitting your job and going all-in, is risky and often ill-advised. Building slowly and steadily for the long-term is often the wisest course of action.

Today, it’s more important than ever to start a business

Still, with all that being said, the time couldn’t be more right to start your own business and become self-sufficient. Unlike in years past, having a job no longer guarantees financial security.

Rapid developments in technology and the ever-increasing digitization of our world puts creative and business-building tools in the hands of everyone. Whether you have skills to market or a great idea for a product, you too could be the next Bill Gates or Elon Musk.

Even if you set your sights a little lower, consider what skills you have that others would gladly pay you for. Figure out what you can charge per client, and how many clients you would need to completely replace your income. Unless you’re already earning seven figures, you’ll soon realise that the numbers are not that daunting.

Related: 6 Resources For Start-ups Looking For Funding

I was able to build my first business through affiliate marketing With affiliate marketing, you don’t have to create your own product. Rather, you earn a commission by promoting other people’s products.

Though the thought of running your own business, spending your days working on something you’re passionate about, and choosing how and where you spend your time is enticing, realise there are days if not years of sleepless nights, cash flow shortfalls and mind-set hurdles between you and your destination.

By building your business while working full- or part-time, you will have the cash flow in the short term to get your enterprise off the ground. Once your business begins bringing in an income which rivals that of your day job, then and only then should you consider whether to pursue it full-time.

Building a business is not for the faint of heart. But, if you’re willing to work crazy hours, delay gratification and learn from your failures, you can build both a business and life like few others. After all, “Life is too short to be living somebody else’s dream.”

This article was originally posted here on Entrepreneur.com.

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