Douglasvermeeren's Blog

Just another WordPress.com site

Archive for October 2018

Calgary Entrepreneurs – Entrepreneur Academy event November 3

leave a comment »

Entrepreneur Success formula poster

Entrepreneur Academy Lesson 3 – Wha tis purpose?

leave a comment »

Entrepreneur Lesson 3 — Are you on purpose and what then heck does that mean?

Too often when we talk about purpose and passion entpreneurs talk about their purpose and their passion. I think that is partially off target. If you want to create entpreneurial success you have got to realize that you business must overlap the passion and purposes of your clients. In fact, that may actually be more important. In other words, being on purpose literally includes having a purpose that others can find valuable.

Recently I was meeting with one of my mentors and peers over lunch. He worth several hundred million dollars (500+) and one of his enterprises is that he owns a public storgage facility. When I asked him about building a business in area that he is passionate about he confessed that sometimes purpose and functionality far exceeds passion. And as we talked about the idea of purpose he expressed that so much of his business success is based on serving the purposes of his customers. Now let’s be honest. Public storage is most likely not listed among your most signifcant purposes — so that raises a question as to what is a true purpose that people are willing to pay for?

Obvioulsy ou’ve already heard how you need to solve a problem for your client. The purpose will be attached to a problem. But I think most people are not truly aware of their problems or their purpose.

Can I make a suggestion that was made to me and has been a source of high profit? Too many entpreneurs look for big purpose and dramatic ways to met those desires. As a result they often miss the mark. Start simple. Look at an actually day and what you do in that day. What are the more basic problems that need solving — find that and you will find a valuable purpose that the masses will pay for. The main purpose for most people is simply to have an easier day. Don’t make it complex. Make it practical and straigth forward.

As I have interviewed and research more than 400 of the worlds top achievers that how the majority of them built their wealth.