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	<title>Comments on: You Are Worth More Than You Think: Overcoming The Key Reason Entrepreneurs Fail</title>
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	<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/</link>
	<description>Erica Douglass, "temporarily retired" after selling a successful business at age 26, writes thought-provoking blog entries challenging you to change your life and daring you to become more successful.</description>
	<pubDate>Thu, 20 Nov 2008 14:10:10 +0000</pubDate>
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		<title>By: Laurie</title>
		<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/#comment-132307</link>
		<dc:creator>Laurie</dc:creator>
		<pubDate>Mon, 20 Oct 2008 15:02:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.erica.biz/?p=271#comment-132307</guid>
		<description>This is a great post! I do believe getting the appropriate help for your business/your life can make a huge difference in how much you accomplish and what level you can take your dreams to. I work as a virtual assistant because I love helping other business owners get the help they need to improve their business and reduce their stress. It's a win-win situation!</description>
		<content:encoded><![CDATA[<p>This is a great post! I do believe getting the appropriate help for your business/your life can make a huge difference in how much you accomplish and what level you can take your dreams to. I work as a virtual assistant because I love helping other business owners get the help they need to improve their business and reduce their stress. It&#8217;s a win-win situation!</p>
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		<title>By: Will Pemble</title>
		<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/#comment-125631</link>
		<dc:creator>Will Pemble</dc:creator>
		<pubDate>Sun, 03 Aug 2008 07:15:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.erica.biz/?p=271#comment-125631</guid>
		<description>Hi Erica,

Will Pemble here. Thanks for your article.  Heck! Thanks for your whole website! 

I've been successful in business almost entirely because I know how to get things done... without always having to do things myself. BEFORE I HAD THE MONEY FOR AN ASSISTANT, I still had a clear vision of what I wanted, where I wanted to go, and how I wanted my various businesses to help people.  

And because I had a CLEAR VISION, and was able to communicate that to others, I was able to ASK FOR HELP, and get it! 

Sometimes, friends, co-workers, or relatives would help me because of those relationships, and sometimes we'd work out some kind of deal, usually based on the success of the venture. 

But NEVER in my life have I found it impossible to get help. Money, or lack thereof, is ONLY AN EXCUSE for inaction. 

In order to help people get things done without having to do everything themselves, I also built The Pemble Assistant, which is a virtual assistant/concierge service. It costs about $30 a month, and you'd be amazed how much we can help. I built the service because I'd have killed for this kind of help back in the day. Check it out at www.Pemble.com. 

So, here's to you, Erica! Naturally, if there's anything I can do to be helpful, let me know.

Kindly,
Will Pemble, President
Pemble.com, Inc.
www.Pemble.com</description>
		<content:encoded><![CDATA[<p>Hi Erica,</p>
<p>Will Pemble here. Thanks for your article.  Heck! Thanks for your whole website! </p>
<p>I&#8217;ve been successful in business almost entirely because I know how to get things done&#8230; without always having to do things myself. BEFORE I HAD THE MONEY FOR AN ASSISTANT, I still had a clear vision of what I wanted, where I wanted to go, and how I wanted my various businesses to help people.  </p>
<p>And because I had a CLEAR VISION, and was able to communicate that to others, I was able to ASK FOR HELP, and get it! </p>
<p>Sometimes, friends, co-workers, or relatives would help me because of those relationships, and sometimes we&#8217;d work out some kind of deal, usually based on the success of the venture. </p>
<p>But NEVER in my life have I found it impossible to get help. Money, or lack thereof, is ONLY AN EXCUSE for inaction. </p>
<p>In order to help people get things done without having to do everything themselves, I also built The Pemble Assistant, which is a virtual assistant/concierge service. It costs about $30 a month, and you&#8217;d be amazed how much we can help. I built the service because I&#8217;d have killed for this kind of help back in the day. Check it out at <a href="http://www.Pemble.com" rel="nofollow">http://www.Pemble.com</a>. </p>
<p>So, here&#8217;s to you, Erica! Naturally, if there&#8217;s anything I can do to be helpful, let me know.</p>
<p>Kindly,<br />
Will Pemble, President<br />
Pemble.com, Inc.<br />
<a href="http://www.Pemble.com" rel="nofollow">http://www.Pemble.com</a></p>
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		<title>By: ericabiz</title>
		<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/#comment-123862</link>
		<dc:creator>ericabiz</dc:creator>
		<pubDate>Tue, 15 Jul 2008 00:36:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.erica.biz/?p=271#comment-123862</guid>
		<description>Hi Nisha,

Good point, and it's why I suggest you do a 30-day trial. Saying "no" is an empowering thing -- it helps you gain perspective on what is really worth your time. 

"There is a kind of satisfaction that comes from doing things free for other people who need it, that you cannot get any other way."

That's true, but there's also a lot of burnout if you do too many things for other people while undercutting your own momentum. Steve Pavlina calls it "lightworker syndrome", and I see this fairly often with folks who really want to do a lot of good in the world. Find a balance. If it's really worth doing, it will still be worth doing after a 30-day trial.

@Dave - Overcommitting yourself? Well, whatever works for you! :) When I overcommit myself, I just feel overwhelmed and depressed...but this is definitely a personal thing.

Thank you for the comments!
-Erica</description>
		<content:encoded><![CDATA[<p>Hi Nisha,</p>
<p>Good point, and it&#8217;s why I suggest you do a 30-day trial. Saying &#8220;no&#8221; is an empowering thing &#8212; it helps you gain perspective on what is really worth your time. </p>
<p>&#8220;There is a kind of satisfaction that comes from doing things free for other people who need it, that you cannot get any other way.&#8221;</p>
<p>That&#8217;s true, but there&#8217;s also a lot of burnout if you do too many things for other people while undercutting your own momentum. Steve Pavlina calls it &#8220;lightworker syndrome&#8221;, and I see this fairly often with folks who really want to do a lot of good in the world. Find a balance. If it&#8217;s really worth doing, it will still be worth doing after a 30-day trial.</p>
<p>@Dave - Overcommitting yourself? Well, whatever works for you! <img src='http://www.erica.biz/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> When I overcommit myself, I just feel overwhelmed and depressed&#8230;but this is definitely a personal thing.</p>
<p>Thank you for the comments!<br />
-Erica</p>
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		<title>By: Dave</title>
		<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/#comment-123841</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Mon, 14 Jul 2008 19:28:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.erica.biz/?p=271#comment-123841</guid>
		<description>Dale: 

Eliminating tasks that don't need to be done is the hardest thing for!

Couple of ways to do this: 

1. Overcommit yourself.  What doesn't need to get done won't get done.  The key to this is to NOT go into crisis management mode... easier said than done, but it's a main technique of mine, and my life is fairly low stress (albeit busy as 'ell).

2. For any particular task, ask yourself WHY it needs to done.  If there isn't a bottom line return (or CYA if necessary), then it can get pushed back in the stack.  This is much harder for me to do than overcommitting... partly due to rewiring myself from a pure research mode where serendipity is often found in "low value" activities.  

I suspect that as I become more successful, I'll go full circle.  In not-very-humble opinion, most of current crop of high powered CEOs could do with another tour through the corporate mail room once or twice a year.  I look forward to that myself.</description>
		<content:encoded><![CDATA[<p>Dale: </p>
<p>Eliminating tasks that don&#8217;t need to be done is the hardest thing for!</p>
<p>Couple of ways to do this: </p>
<p>1. Overcommit yourself.  What doesn&#8217;t need to get done won&#8217;t get done.  The key to this is to NOT go into crisis management mode&#8230; easier said than done, but it&#8217;s a main technique of mine, and my life is fairly low stress (albeit busy as &#8216;ell).</p>
<p>2. For any particular task, ask yourself WHY it needs to done.  If there isn&#8217;t a bottom line return (or CYA if necessary), then it can get pushed back in the stack.  This is much harder for me to do than overcommitting&#8230; partly due to rewiring myself from a pure research mode where serendipity is often found in &#8220;low value&#8221; activities.  </p>
<p>I suspect that as I become more successful, I&#8217;ll go full circle.  In not-very-humble opinion, most of current crop of high powered CEOs could do with another tour through the corporate mail room once or twice a year.  I look forward to that myself.</p>
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		<title>By: Nisha</title>
		<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/#comment-123726</link>
		<dc:creator>Nisha</dc:creator>
		<pubDate>Sat, 12 Jul 2008 13:51:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.erica.biz/?p=271#comment-123726</guid>
		<description>Erica,
Gotta take a bit of issue around the pro bono work and whether your dad should charge $150 an hour for that. There is a kind of satisfaction that comes from doing things free for other people who need it, that you cannot get any other way. 
A big bank account is a pathetic substitute. 
If you were to get talking on a Karmic esoteric level, I suspect that you would find that giving your energy out to the universe without expectation of return pays off well in the long run. If you didn't want to get esoteric about it, you could justify your energy expenditure under networking. Either way I think that pro bono work comes under the heading of happiness and that sitting on a big pile of money by itself won't lead to happiness although sometimes it certainly feels like it will.
I am glad to hear that Richard likes to cook:)
Nisha</description>
		<content:encoded><![CDATA[<p>Erica,<br />
Gotta take a bit of issue around the pro bono work and whether your dad should charge $150 an hour for that. There is a kind of satisfaction that comes from doing things free for other people who need it, that you cannot get any other way.<br />
A big bank account is a pathetic substitute.<br />
If you were to get talking on a Karmic esoteric level, I suspect that you would find that giving your energy out to the universe without expectation of return pays off well in the long run. If you didn&#8217;t want to get esoteric about it, you could justify your energy expenditure under networking. Either way I think that pro bono work comes under the heading of happiness and that sitting on a big pile of money by itself won&#8217;t lead to happiness although sometimes it certainly feels like it will.<br />
I am glad to hear that Richard likes to cook:)<br />
Nisha</p>
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		<title>By: ericabiz</title>
		<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/#comment-123633</link>
		<dc:creator>ericabiz</dc:creator>
		<pubDate>Thu, 10 Jul 2008 15:19:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.erica.biz/?p=271#comment-123633</guid>
		<description>@Angie: I used to eat out a lot. Now my boyfriend cooks fairly often. I think that one is more a matter of personal preference. 

@Rico: EXCELLENT point. I can't believe how many people forgot that in the recent real estate boom. They were so busy assuming they'd get rich with appreciation that they forgot that most real estate investors have made their fortune through cashflow. Great comment.

@Anne: Definitely. I offered some tips in my previous blog post &lt;a href="http://www.erica.biz/2008/how-can-you-have-that-perfect-flow-state-more-often/" rel="nofollow"&gt;How Can You Have That Perfect Flow State More Often?&lt;/a&gt;

@Stew: Definitely...thank you for commenting!

@Dale: Agreed. You and Dave's posts have made it pretty clear what I need to write for my next post in this series. I want to address some of what both of you have said. I will be posting that here in the next week or two!

Thank you all for the great comments!

-Erica</description>
		<content:encoded><![CDATA[<p>@Angie: I used to eat out a lot. Now my boyfriend cooks fairly often. I think that one is more a matter of personal preference. </p>
<p>@Rico: EXCELLENT point. I can&#8217;t believe how many people forgot that in the recent real estate boom. They were so busy assuming they&#8217;d get rich with appreciation that they forgot that most real estate investors have made their fortune through cashflow. Great comment.</p>
<p>@Anne: Definitely. I offered some tips in my previous blog post <a href="http://www.erica.biz/2008/how-can-you-have-that-perfect-flow-state-more-often/" rel="nofollow">How Can You Have That Perfect Flow State More Often?</a></p>
<p>@Stew: Definitely&#8230;thank you for commenting!</p>
<p>@Dale: Agreed. You and Dave&#8217;s posts have made it pretty clear what I need to write for my next post in this series. I want to address some of what both of you have said. I will be posting that here in the next week or two!</p>
<p>Thank you all for the great comments!</p>
<p>-Erica</p>
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		<title>By: Dave</title>
		<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/#comment-123600</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Wed, 09 Jul 2008 23:24:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.erica.biz/?p=271#comment-123600</guid>
		<description>Two things:

1. Every single person I have read that advocates outsourcing everything including personal work has either a passive income stream or a semi-passive income stream (low hours/week work).  Every single person.  I bill my time directly by the hour.  Paying someone else is essentially me paying that person from my own sweat and toil, which means I have to work MORE to make the same amount of money.  This is not to deny the validity of your post, just that it doesn't work for me, yet...

2. Every single person I have read that is successfully outsourcing spent *years* doing everything themselves.  They didn't wake up one day and say, "Hey!  Let's start a new business!  I'll just outsource everything!"  No.  They started out doing all their own books, all their office work, errands, cleaning the toilets, everything.  I am absolutely convinced that is a necessary evil.  To repeat: every post on this topics starts with "I did everything myself for years..."  And I don't think that's a bad thing.

All of the above being said, I am actively subcontracting a fair bit of work now, and look forward to outsourcing more, as more passive revenue comes on line.  

Always a fan, -d</description>
		<content:encoded><![CDATA[<p>Two things:</p>
<p>1. Every single person I have read that advocates outsourcing everything including personal work has either a passive income stream or a semi-passive income stream (low hours/week work).  Every single person.  I bill my time directly by the hour.  Paying someone else is essentially me paying that person from my own sweat and toil, which means I have to work MORE to make the same amount of money.  This is not to deny the validity of your post, just that it doesn&#8217;t work for me, yet&#8230;</p>
<p>2. Every single person I have read that is successfully outsourcing spent *years* doing everything themselves.  They didn&#8217;t wake up one day and say, &#8220;Hey!  Let&#8217;s start a new business!  I&#8217;ll just outsource everything!&#8221;  No.  They started out doing all their own books, all their office work, errands, cleaning the toilets, everything.  I am absolutely convinced that is a necessary evil.  To repeat: every post on this topics starts with &#8220;I did everything myself for years&#8230;&#8221;  And I don&#8217;t think that&#8217;s a bad thing.</p>
<p>All of the above being said, I am actively subcontracting a fair bit of work now, and look forward to outsourcing more, as more passive revenue comes on line.  </p>
<p>Always a fan, -d</p>
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		<title>By: Dale</title>
		<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/#comment-123582</link>
		<dc:creator>Dale</dc:creator>
		<pubDate>Wed, 09 Jul 2008 11:12:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.erica.biz/?p=271#comment-123582</guid>
		<description>Great post!  Please continue posting on this theme.  I'm starting to get it.

I feel like too many people get hung up on the proper way to calculate their real hourly rate. The true power of this exercise is that it forces to you to start leveraging other people's time.  The most successful people in the world achieved their astronomical hourly rates with the help of others.   

I've read that Bill Gates has earned on average $100k / hr since 1986.  He could not have achieved this rate without the thousands of people who work for him.  64,000 people work for Mircrosoft worldwide.  Bill Gates has effectively harnessed their collective efforts to make him the richest man in the world.

I believe, as an entrepreneur (in business and in life), I cannot afford to do everything myself that will be required for me to be successful.

Your 30 day exercise would help me practice delegating and stop micro-managing tasks that should be done by someone else.  Also, I need to learn to effectively communicate my expectations to my assistants.

The only thing I'll add is that it's always better to &lt;b&gt;eliminate&lt;/b&gt; tasks that don't need to be done, rather than outsourcing them.</description>
		<content:encoded><![CDATA[<p>Great post!  Please continue posting on this theme.  I&#8217;m starting to get it.</p>
<p>I feel like too many people get hung up on the proper way to calculate their real hourly rate. The true power of this exercise is that it forces to you to start leveraging other people&#8217;s time.  The most successful people in the world achieved their astronomical hourly rates with the help of others.   </p>
<p>I&#8217;ve read that Bill Gates has earned on average $100k / hr since 1986.  He could not have achieved this rate without the thousands of people who work for him.  64,000 people work for Mircrosoft worldwide.  Bill Gates has effectively harnessed their collective efforts to make him the richest man in the world.</p>
<p>I believe, as an entrepreneur (in business and in life), I cannot afford to do everything myself that will be required for me to be successful.</p>
<p>Your 30 day exercise would help me practice delegating and stop micro-managing tasks that should be done by someone else.  Also, I need to learn to effectively communicate my expectations to my assistants.</p>
<p>The only thing I&#8217;ll add is that it&#8217;s always better to <b>eliminate</b> tasks that don&#8217;t need to be done, rather than outsourcing them.</p>
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		<title>By: Stew</title>
		<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/#comment-123580</link>
		<dc:creator>Stew</dc:creator>
		<pubDate>Wed, 09 Jul 2008 09:38:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.erica.biz/?p=271#comment-123580</guid>
		<description>Erica, a great post and instructive. Placing monetary value on our activities is a great way to alert ourselves to the real cost of much of what we do...especially those menial activities that take away value from our lives.</description>
		<content:encoded><![CDATA[<p>Erica, a great post and instructive. Placing monetary value on our activities is a great way to alert ourselves to the real cost of much of what we do&#8230;especially those menial activities that take away value from our lives.</p>
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		<title>By: Anne</title>
		<link>http://www.erica.biz/2008/you-are-worth-more-than-you-think-overcoming-the-key-reason-entrepreneurs-fail/#comment-123566</link>
		<dc:creator>Anne</dc:creator>
		<pubDate>Wed, 09 Jul 2008 01:24:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.erica.biz/?p=271#comment-123566</guid>
		<description>Very thought provoking, as always, Erica. I've been thinking about hiring a virtual assistant but waffling. Just having trouble wrapping my head around it. What I need to do, as you point out, is to get very clear on what exactly I want done.</description>
		<content:encoded><![CDATA[<p>Very thought provoking, as always, Erica. I&#8217;ve been thinking about hiring a virtual assistant but waffling. Just having trouble wrapping my head around it. What I need to do, as you point out, is to get very clear on what exactly I want done.</p>
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