Entrepreneurial Acceptance

[Russell Cox]

The theme for this series is “Happiness Begins with Acceptance.”
See also 1, 2

For an entrepreneur happiness means being able to continue working on your project and acceptance means being realistic about where you are now and what you can get done with the resources at hand.

In order to help my clients get a realistic read on this I talk about the 3 Budgets :

• Your Time Budget
• Your Dollar Budget
• Your Skills Budget

As an entrepreneur, you can keep working on your project for as long as you stay within each of these budgets ( no matter how long it takes ), but if blowup any one of these budgets in a big way, the game is over and it is very hard to restart.

If you blowup your time budget, you are working 16 hour days and still not able to get everything done and keep the promises you have made.

If you blowup you dollar budget, you end up in bankruptcy and the game is over.

If you blowup your skills budget, you produce poor quality work and destroy your credibility.

These 3 Budgets are critical for all of us. Whether you are an entrepreneur, a stay at home Mom or Dad, in small business or big business. Always living within your 3 Budgets while pushing the envelop to create something bigger is critical to your happiness and eventual success.

If you always stay within your 3 Budgets, no one can tell you to stop and most successful entrepreneurs or stars will tell you that it took them 10 or 20 years to become an “overnight” success.

Keep working, Keep within your 3 Budgets and you can keep moving forward and growing and someday you too may be an overnight success.

Thanks
Russell Cox - Entrepreneurial Coach
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