If You Lack Capital, Intelligent Multipreneuring Can Help You Get It!

WARNING! In order to get maximum value from this article, the reader must keep an OPEN mind free from the influence of whatever societal myths s/he is familiar with about doing more than one thing at a time. If you cannot do that, then you are NOT ready to use the information provided here.

"The mind is like a parachute. It only works best when it is open" - Anonymous

An Important Point To Keep In Mind For When You Meet A Multipreneur!

The fact that YOU find it difficult to switch from doing one thing to another, at will or within a short space of time DOES NOT mean every other person will experience similar difficulty. You simply cannot impose your limitations on others in that manner. If you think it's not possible, no matter who you are or what you think you've achieved, that does NOT mean it's not possible.

Someone else, a child even, with the appropriate skills set, desire and self-belief(as Napoleon Hill would say) could bring that same thing to reality. Examples abound as to how this has happened in the past. So, when a person chooses to market not one but a number of potentially income generating skills to different markets, do not be quick to cast aspersion on the person. He might be just as good as he says he is in all of them to justify wanting to earn a living by offering services or products using those skills.

"The reasonable man adapts himself to the world; the unreasonable man persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man." -- George Bernard Shaw

Essential Qualities A Startup Entrepreneur Needs

1. Mental Stamina. If you have been doing any reading about what it takes to startup a business, you may have read that you need to be able to deal with (and recover quickly) from setbacks; work long hours etc. You need to have mental stamina or the ability to persevere. I mention this particular attribute because I believe it is the most crucial for ANY entrepreneur to have. Without it, no matter how well "schooled" or "educated"(there's a difference between those two), gifted, talented, or skillful a person is, s/he may just not be able to carry on long enough to achieve the success s/he desires.

2. Other Attributes. Various authors, and books have described the many qualities that make a good or successful entrepreneur. There are even quizzes designed to help the aspiring entrepreneur discover how suited s/he is to successfully functioning as an entrepreneur. Googling the search string "What attributes does a person need to succeed as an entrepreneur", should turn up a few useful links that you can follow to learn more about this subject.

3. Ability To Juggle Many Tasks Or "Multipreneur". During the startup phase of your business, you may discover that you need to be able to do many different things at the same time. As some experienced writers on this subject have admitted, you will, during this period, have to do most of the work by yourself.

That includes preparing the business plan, keeping your business data/records, planning for marketing/advertising, sales and so on. Many of these activities you will probably be able to leave to paid employees in the future(if your business is the type that requires them), but at the beginning, you will need to acquire reasonable mastery of these tasks to move your business forward.

Robert Kiyosaki recommends to persons in paid employment planning for a future in business or self-employment, that they first become "generalists" by planning to work in as many different departments of their companies as possible with the main intention of learning how those they are not familiar with, function. That way, when they eventually startup their businesses they would be able to get up and running in less time and with less effort.

Do You Really Lack Capital? Really??

Let's face it, if you are anything close to a true entrepreneur, you never really lack capital at startup. This is because you will have one or more assets that your belief in your business ideas will convince you to sell to raise needed capital. What you are more likely to encounter is INADEQUATE capital. The money you raise may not be enough to meet your needs.

Sometimes individuals who wish to startup their own business ventures complain of a lack of capital. But history is replete with examples of people who had little or no capital and still managed to get their businesses off the ground and up to a point where they found willing investors.

Dan Kennedy once wrote that he had become convinced that all the noise being made about lack of capital was nonsense. I particularly found quite instructive Dan's advice to prospective investors in this regard. He told them their money would be likely well spent if they sought out and invested in the business run by a business person who had demonstrated that she could survive on her own without capital.

How Do You Survive Without Adequate Capital?

1. Develop ways to keep more of your revenue in your pockets or coffers as tangible profits