I just read this really interesting story about Dr. Doreen Orion in Psychology Today and wanted to share it with you.
Dr. Doreen Orion is a psychologist, as is her husband, Tim.
That's why she truly thought her husband was insane when he proposed that they give up everything and travel the country in a converted bus for a year.
But after two years of being nudged to do it, Dr. Orion finally gave in.
So, off they went around the country in their bus. And, during that time, they experienced it all... from a fire, a flood, an armed robbery and finding themselves in a nudist RV park.
Was it worth it?
According to Dr. Orion the answer is a whopping YES. In fact, enough so that she and her husband have decided to sell their home and live on their bus full-time.
So, what did she find? What did she learn?
Dr. Orion learned that "being comfortable" is not all that great. She said, "I hadn't understood how important it is to keep stretching myself, to keep trying new things. A certain spark I hadn't even known was missing suddenly came back into our lives."
The key for me is this -- it is the process of making yourself uncomfortable and stretching yourself when real personal growth and progress is made. As an entrepreneur, you MUST do things that make you uncomfortable. You can not let fear get the best of you.
Consider Johnny Carson who is well known for his severe stage fright. Fortunately that didn't stop him.
And consider the millions of great entrepreneurs who had the courage to develop their business plans and launch their business to the world.
Now, if you haven't truly launched your business, that is, if you haven't developed your business plan and raised capital (if needed for your business), then now is the time to do it.
And, to "make you an offer you can't refuse" (to borrow the line from the great mafia movies), until this Thursday at 5PM EST, I have a really special offer for you.
The offer is this:
For just $1, you can instantly download Growthink's Ultimate Business Plan Template and get a 14-day trial to GrowthinkUniversity.com
To learn more, and take us up on this $1 special offer, click the link below to watch a video that explains it all:
You can watch the video below:
Did you know that the current stock market rally, which has seen the S&P 500 rise over 54% from its low of 676 on March 9th, is the greatest in history?
Lazlo Birinyi, founder of Birinyi Associates, notes that since March the S & P has risen 0.31%/day on average.
This is three times faster than the previous fastest recovery in 1982, which averaged an increase of 0.12% per day.
He calls it the "Usain Bolt of markets. We just blew through the records."
Tracking the uptick in the market has been rising consumer and economic confidence.
The Conference Board Consumer Confidence Index was up in August to its highest level since December 2007.
And the Discover Business Watch Small Business Confidence measure jumped last month to its highest level since February 2008.
How to Take Advantage?
The problem is, of course, first determining if you've missed the rally, and then how to translate this improving business sentiment into opportunity for you.
For those of us that aren't Washington politicians or C-level executives of Fortune 500 companies, the best pathway to do so is via entrepreneurship and via involvement in private companies.
But, and it is a very key but, you have to know what you're doing. As the famous saying goes, "A little knowledge is a dangerous thing."
Quite simply, when it comes to investing in private companies you must "do it right or don't do it at all."
Best regards, and look forward to connecting.
P.S. There are 50% and more rallies every year in various private equity sectors. You just need to know where to look.
And before you start looking, you need to know what to look for.
Medtronic. Cardinal Health. Guidant. Becton, Dickinson. St. Jude Medical. Hospira. Fresenius. Varian Medical.
All of these medical device manufacturers had greater than ONE BILLION DOLLARS in sales last year.
Who Will be Next?
The great thing about this sector is that while the overall venture business is way down, medical device funding is BOOMING.
Firms poured $1.5 billion in 160 deals in the second quarter, up 47% over the prior quarter. In fact, investments in life sciences companies made up 41% of all private venture funding last quarter.
Why Should You Care?
Is there money being made in the sector now - even in this tough economy? You bet your life there is.
America's spending on healthcare will top $2.5 trillion this year alone, accounting for more than 17% of the nation's spending, and may double in the next decade.
Medical devices account for more than $100 billion of this.
Think of companies like device maker Vnus Medical, which Covidien just bought for $470 million - 4 times 2008 sales.
And Danaher, the industrial conglomerate, made big moves in the sector by buying MDS's analytical-technologies business for $650 million.
P.S. Medical devices is a bright and hot sector in the midst of a mostly dismal technology investment climate.
Stop crying in your soup about how tough it is out there and do something about it.Categories:
I recently had the opportunity to speak with expert entrepreneur and founder/CEO of Lending Club, Renaud Laplanche.
Renaud is an expert in raising capital, as he has successfully raised multiple rounds of venture and other capital -- totaling over $50 million for both Lending Club and Triple Hop Technologies, of which he was also the founder.
So I was excited to ask him questions about raising capital for one's business and how LendingClub can help individuals and entrepreneurs. In the interview we covered:
Click below to hear excerpts from the interview: