Entrepreneurial Insomnia

Is insomnia a pre-requisite to Entrepreneurial success?

I frequently wonder about the number of hours of each day that truly successful business people dedicate to sleep? And how these hours correlate with their success as entrepreneurs?

A brief skim through a few autobiographies of some of the worlds most successful entrepreneurs shows that most of them value the quality of sleep, instead of the number of hours spent sleeping. Simply put, it is more important to have good quality sleep than it is to have many hours of sleep. For instance,Sir Richard Branson depends more on frequent, quality, one-to-two hour power naps than the traditionally purported eight hours of daily sleep concept.

There are some other factors which contribute to this quality sleep phenomena, such as a healthy diet and exercise, as well as putting in a decent days hard work (so as to tire out the body and thus enduce a deeper sleep episode).

So, i figure that it becomes intuitive that too many hours of sleep may actually be a deterrent to the scale of entrepreneurial achievement (including my own).
From this then, the choice i`ve made is to sleep well (quality) and sleep less (quantity) - with an average of 5-6 hours an evening instead of 8 hours every night, combined with a diligent diet and exercise regime.
Lets see how this translates itself in terms of my productivity and growth of my business.


-Posted using LP's IPad.

Happy New Year - 2011 - WHAT ARE YOUR GOALS?

Hi,

Were already 5 days into the new year, and i was just wondering how many of us have already started working on our resolutions and how many of these, sometimes improbable, resolutions have already been broken?
Personally, i have a few B.H.A.G's (Big-Hairy-Audacious-Goals) that i have set out for myself for 2011. These include, at a very high level:

1. Travel - I plan to increase my traveling activities this year, both locally and internationally. Ideally i would like to visit four (new) foreign countries and travel within south africa atleat once every two months.   
2. Health and fitness - I plan to make the gym a regular part of my life, getting into the gym atleast 4 times a week. 
3. Career and work - The central theme with regards to work will be / is FOCUS and FUN. I plan to rid myself of all activities and actions that do not directly support or strengthen my career and work life, but will only work on projects that will guarantee that i have tons of FUN while doing them.   
4. Relationships - The idea here is to network and meet new people at every opportunity possible!! With regards to existing relationships, i intend to strengthen certain relationships and friendships, but will certainly have to let go of others. Even this aspect of my life will be focused to some extent, as i intend to shape my circle into one that includes only those people who have my best interests at heart. (Easier said than done though.)  

In a nutshell, these are my personal overaching goals for this year. The common thread with all these is "development and improvement" of my entrepreneurial abilities and activities. 

WHAT ARE YOUR GOALS?  

Time

What is the value of time?
Being young,I think the value of time is never truly appreciated.I mean,how many days in the last month can you truly account for? How many hours of your day seem to just disappear without explanation? In fact, how many hours of your day can you account for-in terms of the value that you've ascribed to those hours?
Personally, i am somewhat unhappy with the way in which my time is allocated and spent,overall. Don't get me wrong, I think that have been able to use most of my time in a productive and value creating way. But,when I do a simple analysis the total use if my time, it becomes clear to me that I could so much more if only I allocated my time more efficiently.
After all, all the time that is unaccounted for is "lost" forever,and nothing,not money,the universe or God, can bring that time back.

LP


-Posted using LP's IPad.

No easy way out

If your gonna be an entrepreneur, make sure your body,mind and soul is prepared for it. The only thing that can prepare you for life as an entrepreneur,is actually living as an entrepreneur,no matter what.

Although filled with many challenges and hard times,the eventual success and personal fulfillment will bring joy that is comparable to nothing else.

Enjoy the ride and trust the process.

- Posted using BlogPress from LP's IPad.

JAY-Z and WARREN BUFFET on the FORBES Cover!!

This is my favourite Forbes cover of all time!!

 My favorite investor and my favorite musician on the cover of one of the most successful magazines in the world. The most inspiring thing about the cover for me, is that the individuals on it both began from the most modern of beginnings, discovered their talent and uniqueness from an early age, worked their "asses" off and eventually made successes of themselves. Notice how they`re both ENTREPRENEURS!!! 

Read the full Forbes interview here.  Very inspiring.   

Now, what i would like to see happen is a similar local Magazine cover. Maybe Tokyo Sexwale, with DJ Fresh or Maggz, on the cover of the Financial mail magazine....would`nt that be interesting?  

There is no secret to success...

Will Smith - Secret to success

I feel like i`ve watched Will Smith progress..... moving from a young musician (rapper), to a tv star in The Fresh Prince of Bel-Air into the MEGA successfull and focused individual that he currently is.
I can honestly say, without reservation, that i am a fan!!! This guy inspires me to do better all the time.

Check out the video. I hope it inspires you to dedicate your life to your dreams and do whatever it takes to succeed -whatever success means to you.

LP

Howzit my china?

So we`ve been in China for almost two weeks now, but have not been able to blog because of a number of reasons. Firstly, the Chinese government does not allow access to any social network websites, except for Chinese based ones, which they ultimately, in one way or another, control too. If a substantial part of your everyday life depends on social network websites and blogs (as mine does), then it may be prudent to get hold of one of those IP masking software packages` that allow you to access any website from anywhere in the world, before making your way to Beijing, China. I wish someone had told me this before I left beautiful South Africa. Anyway, that’s all spilt milk now.

Besides the glitch with the social websites, the trip has been quite interesting and surprising thus far. Overall, I am pleased with my decision to travel to Beijing. Here is a brief overview of what we have been exposed to so far.

The Chinese Political Economy

It would be foolish to separate workings of the Chinese Economy from the ruling Chinese political party. The economy has been unashamedly described by some Chinese people as a “Planned Free Market”economy. There is only one ruling party in China, which (still) follows a largely Marxist and communist model. The government is heavily involved in the market economy, and it seems that the government controls all companies in major industries. For instance, there is only one mobile network (China Mobile)which is “owned” and the country’s major fuel and oil companies (Sinopec and Petro China) are state owned. The Chinese ruling party clearly has a tight grip on its economies` “commanding heights.”

Notably, within this Political control, the Chinese economy has been growing at rapid speeds over the past couple of years, easily exceeding other developed western economies. The growth has been fuelled by an obsessive focus on manufacturing and Industrial work, which is evident in the city of Beijing. There city is large, complimented by skyscraping office and apartment buildings (some of which are incomplete and seem deserted), huge Shopping malls and pollution levels that would make any “green evangelist” quiver with fear and anger.

The political structure is unique to China. There is only “one” ruling political party, the Chinese Communist Party (CCP), which happens to be the largest political party in the world. Apparently, the CCP maintains its supreme power over China by controlling the entire State and Legislative process. There are a number of opposition parties within the political system, however their role is questionable as most were formed by the CCP.

So, as many foreign companies that have entered the Chinese economy have already learnt, it is a necessity to engage and “involve” the Chinese ruling party in all discussions that involve doing business in China. Hopefully our government and local businesses` understand this principle and are treading with informed levels of caution and excitement whilst working with the Chinese.

The Chinese People

It is common knowledge that China has one of the largest populations in the world. The country has in excess of 1,3 billion people – that’s almost five times the United States population, over 27 times the South African Population and over 260 times the Irish Population.

The country has a diverse but highly disproportionate Ethinic group structure, with Han Chinese (91.5%), Zhuang, Manchu, Hui, Miao, Uyghur, Tujia, Yi, Mongol, Tibetan, Buyi, Dong, Yao, Korean, and other nationalities (8.5%.) This situation, unfortunately, lends itself to vast forms of discrimination and favouritism amongst the majority groups. The language most spoken is Mandarin, which according to some locals, has been made easier in order to accommodate the minorities and foreigners in the country. Somehow I fail to grasp this concept, but then again the entire language structure, including its written form, is completely different to that which we are taught in the west. Thus far i`ve only been able to grasp two essential everyday words; Ni-Hao (Hello) and ShenShen (Thank you). I plan to add a couple of more words to my Chinese vocabulary before I return home.

Ironically though, China has the largest concentration of English speaking people across the world. But, it is extremely difficult to find an English speaking Chinese person in the city. This has led to us traveling the city with a list of addresses written in simplified mandarin so that we can let the taxi cab driver know our intended destination. At first, this was quite a nerve wrecking exercise because, not being able to read mandarin, we had no idea what was actually written on the lists.

Like most developing nations, there is a visible wealth gap among the people of China. (Using the city of Beijing as a reference.) The official statistics and reports claim that the gap between the wealthy and the poor has decreased substantially, but some of the UIBE university lecturers that we`ve spoken to disagree.(Gini co-efficient of 0,47). Life for many of the people in the rural areas has not changed much – they continue to live in stark poverty. The streets of Beijing city are filled with “rural” immigrants that have come to the city in search of jobs. It has become common to have “beggars” tugging away at our shirts’ pleading for money and food. However, there is also a healthy community of industrious rural Chinese people (traders) that fill the streets through the days and evenings, choosing to work for themselves instead of begging for small change in the streets. These people erect stalls on the pavements of the city each day (through to late hours of the evening) and sell anything from fruit, Chinese beads and “almost Nike and Adidas” sneakers and t-shirts.

I find it hard not to draw comparisons between South Africa and China while im here, even though I feel that the countries’ circumstances are somewhat different. I will do a blog post with some notable comparisons towards the end of the trip, and hopefully share some cool insights.