The Future of Entrepreneurialism (Part 1)

While most of the world stews about the state of the economy, the usual small group of winners is collaborating with each other. They are carving up the economic turkey for years to come regardless of whether certain human beings having money are spending it or whether an undefined set of persons are quietly accumulating capital and looking for highly profitable investment avenues.

The mindset of the entrepreneur is what is called the Ant Philosophy. That style of thinking insures that no matter how formidable the obstacles to success may be, there is a way to the finish line. Ants have been known to eat their collective way through a rock or even a boulder; humans should have at least that same doggedness.

In a recent post about the state and fate of the entrepreneur, outstandingly successful online marketer, Alex Mandossian, stated that the recent economic downturn has brought about transcendence for the entrepreneur.

“Here’s a summary of the way I see the 3 epochs of Entrepreneurship:

• First Epoch (1755 – 1945): Entrepreneurial Independence
• Second Epoch (1945 – 2010): Entrepreneurial Dependence
• Third Epoch (2010 – Future): Entrepreneurial Interdependence

I believe that next year (2010), and possibly even this year, the global economy is going to be driven by the cheerful expectancy of the Entrepreneurial Interdependence mindset.

Interdependence is dramatically different than “dependence” and even “independence.” Interdependence is the state or a dynamic of being mutually responsible to and sharing a common set of principles with others.”

It’s interesting that I have been sharing that similar concept with my subscribers for a few years and it has fallen on deaf ears. I guess many of my readers/subscribers believe in the lone wolf style. They often write to me about their product or service and how they want to sell it in Japan.

When I write about my bold ideas and the need to collaborate, they see me as talking about my pet project rather than theirs. Quite the contrary is true. If all or many of the people on my list began to think of what and how they can contribute to a Mastermind – skills, knowledge and passion – then the combination of our efforts would produce dramatic results.

For instance, let us assume Mr. Entrepreneur X wants to sell scented candles in Japan. Typically, he would approach either a large or small importer of such vanities by email or in a formal letter of introduction by snail mail. Of course, he gets no response because Japanese seldom answer unsolicited mail, even if it seems to be a chance for business. Then that business person approaches JETRO – which is a good starting point! – but eventually Mr. Entrepreneur X is going to have to face the music.

The music is that

· There are no free rides. You will most likely have to find a go-between and that will cost you money without a sure return on investment.

· You will have to find a translator and eventually an interpreter to make things go smoothly and to protect your vested interest.

Far too many people contacting me want something for nothing. “Tell me where to find the proper supplier,” they demand. “Hand me a list of such and such corporations selling X,” says another flippantly. “Find an investor for my hydroelectric project in the Ivory Coast,” says still another irritatingly.

Such business demands often make me feel like people don’t appreciate that the Success in Japan Directory and weekly newsletter are loaded with ammunition for their efforts.

I know that most of my readers are being flooded with information and alleged opportunities, so deleting almost everything that floods your email inbox becomes a matter of fact.

Other readers think, “I know everything he is writing. I can’t learn anything from what he sends.” Horse races are won by a nose. That nose, in a racing circumstance, is better training. In most businesses it is that one overlooked tidbit that all but a few miss in their hectic rush to the office and then the grave.

Friends, let me make it clear that I am not a smashing success on most levels in my life. But I am curious and somewhat intelligent (with effort) in many areas of wisdom and know-how. I want to share and help as many people as I can to understand the need to embrace Alex Mandossian’s Third Epoch and then act upon it.

Mr. X Entrepreneur needs to develop a network of ambitious people inside and outside of his industry or trade, if he hopes to sell more than a few widgets irregularly to demanding and unreliable customer bases.

Moreover, he or she also must have a sales funnel system which can be adapted or retooled according to prevailing market conditions. He or she must have backup products and services, in case their initial offerings meet a cool reception.

Mr. X Entrepreneur must immediately stop thinking that he doesn’t need any help. The most powerful people in the past, present and the future world utilize outsourcing to do their marketing, their public relations, their web design, their trade endeavors, and whatever other skills they lack or they deem unworthy of their time.

The activities you engage in regularly reflect your potential net worth. If you spend a majority of time answering email inquiries personally, then your hourly worth is often – though not always – equivalent to an experienced clerk. Though your title may be president or manager, your potential is limited to that of an indentured servant.

As I write this message, the economic climate is bleak indeed. The news is always about people losing – and the inference is that you will be next. Feeding your mind in such a negative manner day after day – or letting others feed you with that crap – and before long you no longer want to get up and test your limits.

The only way to break the chains of slavery is to build a network of people who can cooperate, assist, joint venture, and add input to your effort and help you see the blind spots that are holding you back from high and lasting achievement.

To Be Continued