Growthink Blog

Thermometers Versus Thermostats and Success As An Entrepreneur

Print
Categories:

Are you a thermometer or a thermostat?Thermostat

Thermometers are instruments that measure temperature.

Thermostats are devices that control the desired temperature.

The difference between the two is critical.

Thermometers are reactive. They sit by passively and accept whatever conditions their environment has created for them.

Conversely, thermostats exert control. When the environment isn't quite right, perhaps it's too hot or too cold, the thermostat pro-actively adjusts to obtain the desired conditions.

I think that few of us are completely on one side or the other, being completely reactive or completely controlling.

But I do think that most of us need to be more like the thermostat. We need to be less accepting of our current circumstances, and exert more control into positively changing them.

In fact, virtually all budding entrepreneurs are trying to improve their current environments. Typically they are not living the lives they have dreamed about. And thus, they use entrepreneurship as their thermostat. Specifically, they start their companies to change their circumstances and to achieve their goals.

But oftentimes, the fight to become a successful entrepreneur is truly great. It's rarely easy, and things don't always go as smoothly as we'd like. But if it was too easy, everyone would be an entrepreneur and there would be less opportunity.

The key is to CONTINUE to act like a thermostat through thick and thin. You must act like a thermostat at the beginning of your entrepreneurial journey. This is when you take the idea out of your head and first jot it down on paper, and then you develop your business plan and incorporate your company.

And then, you must NEVER stop acting like a thermostat. You must constantly be pro-active in raising funding, getting customers, hiring and managing your team, etc.

What are you doing today that's truly proactive? What should you be doing? Here's an exercise to try right now:

1. Make a list of things in your environment that you are not satisfied with? Are you not making enough money? Do you not have enough customers? Are you dissatisfied with the performance of some of your team members? Do you not have enough funding to execute on your plans? Etc.

2. Prioritize your list to figure out which items are most important for you to change.

3. Create an action plan to start achieving your most important item. Then move on to number 2, 3, etc.

Think about the most successful entrepreneurs of today and yesteryear. Individuals like Thomas Edison, Henry Ford, Bill Gates and Sir Richard Branson. Do you think any of these individuals accepted undesirable circumstances and environments? Do you think they complained about them? I doubt it. Rather, they identified these negative environments, and went about fixing and overcoming them. We all need to do the same. Every day.


Share this article:


Millionaire Mall, Inc. says

I'm posting this because I have been into so many Venture Capital showcase merry go round and the effect is like running in circles with no end result chasing the rainbow of needed business funding that is not there, in short a lot of wasted time and personal money trying to find who will be funding your dream vision business project. Now let me learn from Growthink maybe they have new twist on finding business funding what everybody claim which is not real in reality. Eliseo V. Gonzales Millionaire Mall Millionaire Mall, Inc. www.millionairemall.com 201 E. 19th Street STE15N New York, NY 10003-2632 email:[email protected]
Posted at 11:21 pm

Most Popular
New Videos

"Business Plan
SHORT-CUT"

If you want to raise capital, then you need a professional business plan. This video shows you how to finish your business plan in 1 day.

CLICK HERE
to watch the video.

"The TRUTH About
Venture Capital"

Most entrepreneurs fail to raise venture capital because they make a really BIG mistake when approaching investors. And on the other hand, the entrepreneurs who get funding all have one thing in common. What makes the difference?

CLICK HERE
to watch the video.

"Brand NEW
Money Source?"

The Internet has created great opportunities for entrepreneurs. Most recently, a new online funding phenomenon allows you to quickly raise money to start your business.

CLICK HERE
to watch the video.

"Old-School Leadership
is DEAD"

"Barking orders" and other forms of intimidating followers to get things done just doesn't work any more. So how do you lead your company to success in the 21st century?

CLICK HERE
to watch the video.

Blog Authors

Jay Turo

Dave Lavinsky