Comments on: The 5 Rules Of Successful Entrepreneurs http://www.toiletpaperentrepreneur.com/blog/the-rules-of-successful-entrepreneurs The Blog for entrepreneurs who are building their business the old fashion way... with 3 sheets of paper and tons of passion. Sat, 13 Mar 2010 15:39:24 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Mike Michalowicz http://www.toiletpaperentrepreneur.com/blog/the-rules-of-successful-entrepreneurs/comment-page-1#comment-5448 Mike Michalowicz Sun, 03 May 2009 20:07:25 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=343#comment-5448 @Andrea - you have guts. 4 months is a leap. I love it!!! @Andrea – you have guts. 4 months is a leap. I love it!!!

]]> By: Andrea Hess|Empowered Soul http://www.toiletpaperentrepreneur.com/blog/the-rules-of-successful-entrepreneurs/comment-page-1#comment-5443 Andrea Hess|Empowered Soul Sat, 02 May 2009 22:49:40 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=343#comment-5443 Love this post. There is such a huge difference in mindset between entrepreneurs and employees, and the longer and more successful I am in my business (here's to three five-figure months in a row ... woohoo!) the more apparent that divide becomes. Mike, I like your "all-in" strategy, although I'll confess to taking the leap with 4 months of savings (all still in the emergency "the sky is falling" account). Blessings, Andrea Love this post. There is such a huge difference in mindset between entrepreneurs and employees, and the longer and more successful I am in my business (here’s to three five-figure months in a row … woohoo!) the more apparent that divide becomes.

Mike, I like your “all-in” strategy, although I’ll confess to taking the leap with 4 months of savings (all still in the emergency “the sky is falling” account).

Blessings,
Andrea

]]> By: Mike Michalowicz http://www.toiletpaperentrepreneur.com/blog/the-rules-of-successful-entrepreneurs/comment-page-1#comment-5322 Mike Michalowicz Sun, 26 Apr 2009 12:57:17 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=343#comment-5322 @James - Great, great question. The financial indicator is a decision based upon the minimal lifestyle that I was willing to live, and 1. could I support that from my savings for 6 months to a year, 2. or would I be able/willing to get a job that could sustain that minimal lifestyle if I don't have the savings. We could all start immediately with no cash concerns IF we were willing to live in a cardboard box and eat rice and beans. Literally could live that way for $10 a day or something. But, that is not something most of us would be willing to do. So for me, I picked the lowest I was willing to go and what I was willing to sacrifice. Then determined steps 1 & 2 above, and then went for it. The goal is to PREPARE for the worst, and EXECUTE for the best. - Mike @James – Great, great question. The financial indicator is a decision based upon the minimal lifestyle that I was willing to live, and 1. could I support that from my savings for 6 months to a year, 2. or would I be able/willing to get a job that could sustain that minimal lifestyle if I don’t have the savings.

We could all start immediately with no cash concerns IF we were willing to live in a cardboard box and eat rice and beans. Literally could live that way for $10 a day or something. But, that is not something most of us would be willing to do. So for me, I picked the lowest I was willing to go and what I was willing to sacrifice. Then determined steps 1 & 2 above, and then went for it.

The goal is to PREPARE for the worst, and EXECUTE for the best.

- Mike

]]> By: James Taylor http://www.toiletpaperentrepreneur.com/blog/the-rules-of-successful-entrepreneurs/comment-page-1#comment-5304 James Taylor Fri, 24 Apr 2009 13:11:45 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=343#comment-5304 Ok, I trust and beleive, like all business owners should! Mike, what were the financial indicators that prompted you to go "all in" with your business full time? Ok, I trust and beleive, like all business owners should! Mike, what were the financial indicators that prompted you to go “all in” with your business full time?

]]> By: Ingrid Riley http://www.toiletpaperentrepreneur.com/blog/the-rules-of-successful-entrepreneurs/comment-page-1#comment-5301 Ingrid Riley Fri, 24 Apr 2009 06:38:21 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=343#comment-5301 Ok...I did number one...a condensed version of a yet to be finished huge,long and unfinished one....and man was that a motivator. Simple and powerful idea. Looking forward to meeting you and hearing you next week in Jamaica Mike. Ok…I did number one…a condensed version of a yet to be finished huge,long and unfinished one….and man was that a motivator. Simple and powerful idea. Looking forward to meeting you and hearing you next week in Jamaica Mike.

]]> By: @JoshHurlock http://www.toiletpaperentrepreneur.com/blog/the-rules-of-successful-entrepreneurs/comment-page-1#comment-5245 @JoshHurlock Wed, 22 Apr 2009 06:48:52 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=343#comment-5245 Thanks for the post and great tips. Passion and determination combined with a vision is key. A business will not go anywhere without a vision, because a vision is the ultimate path to follow. At the same time, being an entrepreneur is by no means easy. Passion and determination enable an individual to work through the tough times, towards success. Thanks for the post and great tips. Passion and determination combined with a vision is key. A business will not go anywhere without a vision, because a vision is the ultimate path to follow.

At the same time, being an entrepreneur is by no means easy. Passion and determination enable an individual to work through the tough times, towards success.

]]> By: Daniel Mancera http://www.toiletpaperentrepreneur.com/blog/the-rules-of-successful-entrepreneurs/comment-page-1#comment-5229 Daniel Mancera Tue, 21 Apr 2009 10:58:08 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=343#comment-5229 Hey, I really like your blog. I share your articles on Twitter and would love to do it on Facebook as well. It would be great if you add the link to post it on facebook, flickr, etc.. etc... Free PR!!! Cheers!!! Hey, I really like your blog. I share your articles on Twitter and would love to do it on Facebook as well. It would be great if you add the link to post it on facebook, flickr, etc.. etc… Free PR!!!

Cheers!!!

]]> By: Mike Michalowicz http://www.toiletpaperentrepreneur.com/blog/the-rules-of-successful-entrepreneurs/comment-page-1#comment-5224 Mike Michalowicz Mon, 20 Apr 2009 22:03:03 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=343#comment-5224 @James - Hey James, I would encourage you to check out our 115 Marketing Strategies blog post. It has, you guessed it 115 tips that you can pull from. Here is the link: http://www.toiletpaperentrepreneur.com/blog/marketing-strategies-for-small-business - Mike @James – Hey James, I would encourage you to check out our 115 Marketing Strategies blog post. It has, you guessed it 115 tips that you can pull from.

Here is the link: http://www.toiletpaperentrepreneur.com/blog/marketing-strategies-for-small-business

- Mike

]]> By: James Taylor http://www.toiletpaperentrepreneur.com/blog/the-rules-of-successful-entrepreneurs/comment-page-1#comment-5220 James Taylor Mon, 20 Apr 2009 15:11:00 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=343#comment-5220 Mike, Thank you for the helpful tips! I am a basketball trainer, self promotion is a critical area for spreading the word about my "Pro At Your Door" in-home basketball training services. Can you suggests platforms for free publicity to help me with the self promotion? Thanks, James Taylor - TPE Mike,

Thank you for the helpful tips! I am a basketball trainer, self promotion is a critical area for spreading the word about my “Pro At Your Door” in-home basketball training services. Can you suggests platforms for free publicity to help me with the self promotion?

Thanks,

James Taylor – TPE

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