Viewing posts by Coy Vernon
1 year, 4 months ago
Want to learn something fast? Failing fast is learning fast, wasn’t it Thomas Edison that said something along the lines that every time you fail that you are just learning how NOT to do something and therefore by process of elimination every time that you fail you are one more failure close to success (unless its skydiving, in which case if you fail you’re probably gonna die). What I am really getting at here is that it is important to get over the fear of failure and just accept that you will fail, and you will fail a lot. But what is important is how you react after every failed engagement. Are you one of those soft individuals that find the need to go hide in a hole and lick your wounds while throwing a pity party after you fail? Or are you one of the few hard individuals out there that can just shake it off, take your lesson and move on? Every time I have tried something new I have stumbled, failed, and sometimes just looked plain dumb (the last part probably just comes naturally..). It’s just part of the territory. Business is really no different than surfing, kickboxing, or whatever your sport is. You really can’t just expect to paddle out and look like Kelly Slater the first time you try and surf! I know that I sure didn’t, I was the goofy dude that fell off of his board while just sitting on it (oh, that’s why I say I often look stupid, hah..). Business is no different. Your failures will form you, they will carve you into the successful person that you want to be. Anymore I just laugh and am thankful for the opportunity to learn and the adventure that I get to experience along the way. And as long as all of my limbs are still attached and i’m still breathing I just get back at it. Just stay up, stay focused, and stay positive!
1 year, 11 months ago
There is nothing worse then having to work with someone who plays tit for tat games, behaves in a spiteful manner, and is untrustworthy- you know the type of individual that you have to have sign 50 agreements in order for them to do the right thing. Nobody wants to work with someone like that.. In other words, don’t be a sensitive drama queen- KEEP IT REAL- treat people how you want to be treated, do not take or expect anything that you did not work for, admit when you make a mistake, and do whats right whether its in a signed contract or not.
2 years ago
"It is better by noble boldness to run the risk of being subject to half of the evils we anticipate than to remain in cowardly listlessness for fear of what might happen"~ Herodotus
2 years ago
No. Its a word we all have hear growing. Its one of the simplest ways of saying that something will not work. Nonetheless I have come to view the term "no" as simply meaning try harder.
2 years ago
One of the most important things when you are about to make the shift from employee to self employed is to take some time to asses your current financial situation- what are your reserves? Do you even have reserves? How long do you have until your reserves run out? This is going to be your timeline to make your business start to bring in income. Do you have a spouse and does your spouse make enough to provide for both of you while your business gets going? Think of this as a chess game, you have to make sure that your moves are strategically planned out and if you fail to plan right and run out of operating funds- basically you cant afford to run your business and can’t afford to pay your mortgage, rent, car payment, etc., you’ll be forced to do one of two things- either rejoin the workforce or find an investor who will front you capital in exchange for interest on all money borrowed and/or a percentage of ownership in the business. However you need to be very wary of some venture capitalist as they may insert a few provisions in the operating agreement that will allow them to effectively remove you and take over your business (I have seen this happen). So be careful and be sure to take the time to plan!
2 years ago
So often as people we allow ourselves to get caught up in little battles that do not matter for nothing more than the sake of pride- which is really nothing more than little childish games. Your going to do nothing but waste precious time (not to mention annoy a lot of people) if your constantly playing little one up games and obsessing over coming up on top of every battle.
2 years ago
Smile. Any challenge, hardship or whatever is only going to make you stronger (and you really have no choice but to deal with it so you might as well smile). I was doing a study on a lot of the great leaders in history; Marcus Aurelius, Alexander, Catherine the Great, our Founding Fathers, Abraham Lincoln, Teddy Roosevelt, etc. The one thing that I realized that all of these great leaders had in common was a massive ability to persevere any hardship- and none of these leaders had easy lives- can you imagine what would have happened to our founding fathers if they had lost the Revolutionary war? Teddy who was known as a the Bull Moose was wrought with illness as a child and I am not even going to begin to go into detail what all of these leaders had to endure in their lives. But nonetheless- every adversity they faced only made them stronger and better leaders. So nowadays when things are hard I have taught myself to simply smile and say “this is only going to make me better and stronger”.
2 years ago
So what exactly is your business?
2 years ago
Building the right team is everything, in fact, based on my own experience I would say that it is better to just go it alone then to be stuck with the wrong team. There are so many issues that can come with being stuck with the wrong people. It may not be a big deal in the beginning but down the road when your business may actually be worth something a buy out can be a huge issue- that is when having the wrong partner definitely becomes a big deal. Having the right team can mean the difference between your venture becoming worth millions or just simply fizzing out. Just because an individual may be a good friend or a family member does not by any means mean that they will be a good business partner and just because they are not a good business partner for you does not mean that they are a bad person or not a good partner for someone else, there are a lot of different things that factor into finding the right business partner.
2 years, 1 month ago
Remember- Nothing good comes easy and nothing good comes without sacrifice. So that being said, what are you willing to give to make your business work? Are you willing to do whatever it takes? If your immediate answer is “no” or you begin thinking of the things that you are "not willing" to sacrifice then you should probably stick to your 9-5 job. Remember, aside from any financial reserves that you may have set aside you really do not have any safety net to catch you if you fail - and the consequences of failure can become very real, very quick. What will you do when the electricity and water gets shut off to your house because you had to use the funds to keep your business running instead of pay your utilities? Are you willing to cut back in your diet to save money to keep your business going? Are you willing to give up your social life to make your business work? Think about it, these are things that you very well may be faced with and if you are not willing to cut back on luxuries to make sure your business works when funds are short then you should probably not think about becoming an entrepreneur.
I grew up in a small farming and ranching community in Eloy, Arizona. As soon as I could roll a bale of hay or move a shovel i've had the opportunity of being put to work. Some of my fondest memories of being a young kid on the farm is playing in the bucket of water that my pops brought for me while he would work (this was before I was big enough to work! hah). I wouldn't change one thing about how or where I grew up. I graduated from the University of Arizona in 2010 with a Degree ... Visit Coy's ProfileEmail Coy