Jim Blasingame

Business futurist, award-winning author, speaker and columnist

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Archives for October 2022

The Quest For The Essence Of Entrepreneurship

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Ever wonder what’s behind an entrepreneur’s decision to take a risk? There is a spectrum for this, with the calculation and reasoning of due diligence on one end, foolhardy on the other, and a variable called faith that lives in the middle.

We’ve all heard stories about the legendary entrepreneur’s hunch. But without some foundation of facts and reasoned assumptions supporting a financial projection, a hunch is the equivalent of a belt without loops. And everybody knows what you call trying to hold up pants with a belt that’s not connected to anything – foolhardy.

Still, that foundation you seek is challenged by the truth that the most important decisions are powered by their own urgency. The time will come – usually sooner than later – when an entrepreneur must take action without the benefit of all the answers; when the fog hasn’t yet lifted on your quest for clarity. And in that moment of not knowing, but going forward anyway, we find the quark of entrepreneurship, identified by the paradoxical twin emotions of apprehension and exhilaration.

These emotions presage possibility: [Continue Reading]

It’s the Digital Age – Ethically Speaking, Things Here Are Different

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As arrogant occupants of 21st-century Earth, who can rightly boast of creating exciting innovations, like the computer, talking paint, and the margarita blender, it serves us to believe we’re also the more enlightened generation.

But honesty demands an acknowledgment that contemporary applications of wisdom, morality and ethical behavior are in fact derivative of concepts first proposed long ago by the ancients.

Consider the 10,000-year-old Chinese wisdom, I Ching, The Book of Changes. Then there are the 5,000-year-old Upanishads from India. And of course, the new kid on the block, the four-millennia-old Mosaic Laws (Thou shalt not …). Indeed, no wisdom is handier than that of King Solomon, from the first millennium BCE in Ecclesiastes, Proverbs, and the Psalms.

It must be noted that much of this awesome introspection and self-awareness was first contemplated at a time when receding Ice Age glaciers were still carving Scotland’s Loch Ness and the Great Lakes of North America, on the threshold of the written word.

Alas, ethically and morally speaking, we moderns are merely the new models, not necessarily the better ones. Hold that thought.  [Continue Reading]

The Archenemy of Fear Is Performance

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Anyone who has contemplated forsaking the perceived, if not real, security of employment to start a small business has come face-to-face with and overcome the greatest of all business challenges: the fear of failure. Countless would-be entrepreneurs have discontinued their self-employment pursuits for fear of losing too much – the risk being just too great. Everybody knows that.

But if you pushed through these trepidations and, against all odds, became a business owner anyway, you know that wasn’t the last time you experienced fear. Indeed, fear is so much a part of being a business owner that, in time, we recognize and accept fear as something that can be quite handy.

Not paralyzing fear, like when you’re ignorant of how to prevent or recover from danger. But rather the kind of fear that helps you seek excellence. The kind that motivates you to become more aware, knowledgeable, capable, prepared, decisive, and effective.

Remember these two things about fear: 1) it’s a shape-shifter, capable of appearing in many forms; and 2) successful entrepreneurs learn how to recognize and deal with fear in all its shapes. Let’s look at some of the manifestations of fear, followed by what each one might sound like.  [Continue Reading]

“Customers from Hell” and the #1 Business Fundamental

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“This is for one of those customers from hell.”

That’s what a small business owner said to me during one of my road trips across the country to check on how things are going out on Main Street.

“Ann” was responding to my query about her business. Her full answer was closer to, “Business has been good. But now I’ve got to spend most of the day dealing with this customer from hell.”

Turns out, what caused this customer’s alleged domicile to be mentioned is because they required a lot of extra attention – they wanted things the way they wanted them. Like Ann, you might be surprised at my response, which is our next “Business Fundamental.”

“You should never have a customer from hell.” [Continue Reading]

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