{"id":1132,"date":"2017-09-19T05:00:22","date_gmt":"2017-09-19T10:00:22","guid":{"rendered":"http:\/\/blog.harveker.com\/?p=1132"},"modified":"2017-09-19T05:00:22","modified_gmt":"2017-09-19T10:00:22","slug":"personal-integrity-entrepreneur-skills","status":"publish","type":"post","link":"https:\/\/www.harveker.com\/blog\/personal-integrity-entrepreneur-skills\/","title":{"rendered":"Maintain Personal Integrity in all Business Ventures | Entrepreneur Skills"},"content":{"rendered":"<p>Personal integrity is essential to any entrepreneur trying to build a successful business. Whether you&#8217;re in a rough patch or your best month yet, maintaining this quality helps you succeed.<\/p>\n<h2>Possess Personal Integrity No Matter the Circumstances in Your Business<\/h2>\n<p>Two hamburger joints open back in \u201967 \u2026 we\u2019ll call one Bob\u2019s Burger Shack. Great hamburgers! The other shop is McDonalds. The rest is history, yes?<\/p>\n<p>Were Mickey D\u2019s burgers really that much better than Bob\u2019s? I mean, really \u2026 how hard is it to get a burger right? Even Ray Croc himself admitted this to eager business school students he lectured in his lifetime. He\u2019d ask them, <em>\u2018How many people in here can make a better hamburger than McDonalds?\u2019<\/em> Everyone would raise their hand because everybody\u2019s made a tasty burger before, at least tasty by their own standards. But then he\u2019d ask, <em>\u2018How many people make more money than McDonalds?\u2019<\/em> Naturally, all hands dropped.<\/p>\n<p>It\u2019s a simple yet eloquent demonstration that it doesn\u2019t matter whether you have a better idea, a better product, or a better service.<strong> In business, the only thing that matters is getting that product, idea, or service out to as many people as possible, and\/or at as much profit as possible.<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-5657 size-full\" src=\"https:\/\/www.harveker.com\/blog\/wp-content\/blogs.dir\/4\/files\/2017\/09\/Entrepreneurial-Skills-to-Master-in-Business.png\" alt=\"\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.harveker.com\/blog\/files\/2017\/09\/Entrepreneurial-Skills-to-Master-in-Business.png 1200w, https:\/\/www.harveker.com\/blog\/files\/2017\/09\/Entrepreneurial-Skills-to-Master-in-Business-300x225.png 300w, https:\/\/www.harveker.com\/blog\/files\/2017\/09\/Entrepreneurial-Skills-to-Master-in-Business-1024x768.png 1024w, https:\/\/www.harveker.com\/blog\/files\/2017\/09\/Entrepreneurial-Skills-to-Master-in-Business-768x576.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h3>Entrepreneurial Skills to Master in Business<\/h3>\n<p>It\u2019s the learning curve of the entrepreneur\u2014amassing the skills necessary to take what you have to offer to a mass audience profitably, which anybody can learn how to do. It also takes nerve and determination that most people just don\u2019t show when it comes to taking control of their financial future. That kind of moxie can be the rope that saves you instead of binds you in stagnation after a big failure.<\/p>\n<p>Few people have the kind of moxie that Karl Eller has. He\u2019s a legend in Arizona and a giant in business period. He started out in billboard advertising. He was one of the founders of the NBA Phoenix Suns basketball team and president of Columbia Pictures at one point, which he helped merge into Coca-Cola\u2014 an amazingly successful businessman.<\/p>\n<p>But he had a major setback, to say the least. He built another company called Circle K\u2014a kind of convenience store\u2014into the second largest chain in the U.S. during the 80s. Under his leadership, the company grew from something like $750 million in sales to $3.4 billion!<\/p>\n<p>Then the company filed bankruptcy in the 90s, due in part to just a bad turn in business. He was forced to leave with $100 million in personal debt! Can you imagine being <em>$100 million in debt<\/em>? Not your company \u2026 you, personally?<\/p>\n<p>Instead of declaring bankruptcy, though, Eller dug himself out by going back into what he knew well: outdoor advertising. Eller built another media company and merged with Clear Channel Communications for a then-record $1.15 billion!<\/p>\n<p>And he did this when most people are retiring.<\/p>\n<p>His track record is elegant proof that the question isn\u2019t what type of business you want to go into\u2014or at least that\u2019s not the essential question. You\u2019re going to find your niche, and you\u2019re going to be better at that particular field of interest than others\u2014whether we\u2019re talking about burgers or billboards.<\/p>\n<p><strong>The essence of success in business, I believe, is the intangible quality that means having personal integrity no matter what the situation\u2014 win or loss. An entrepreneur cannot being afraid to take risks, and you have to possess the ability to bounce back after tremendous setbacks.<\/strong><\/p>\n<p>What do you think? What do you consider to be some of the intangible qualities and skills entrepreneurs need in order to be successful in their business venture? The Millionaire Mind community wants to hear from you!<\/p>\n<p><strong>UP NEXT:\u00a0<a href=\"https:\/\/www.harveker.com\/blog\/positive-mindset-strategies\/\" target=\"_blank\" rel=\"noopener noreferrer\">Positive Mindset Strategies to Help You Reach Your Goals<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Personal integrity is essential to any entrepreneur trying to build a successful business. Whether you&#8217;re in a rough patch or your best month yet, maintaining this quality helps you succeed. Possess Personal Integrity No Matter the Circumstances in Your Business Two hamburger joints open back in \u201967 \u2026 we\u2019ll call one Bob\u2019s Burger Shack. Great&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[12,17,20,19,28],"tags":[],"class_list":{"0":"post-1132","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business","7":"category-entrepreneurship-2","8":"category-make-more-money","9":"category-money-and-finance","10":"category-money-management","11":"entry","12":"has-post-thumbnail"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Maintain Personal Integrity in all Business Ventures | Entrepreneur Skills<\/title>\n<meta name=\"description\" content=\"Personal integrity is essential to any entrepreneur trying to build a successful business. Maintain this quality through your highs and lows in business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.harveker.com\/blog\/personal-integrity-entrepreneur-skills\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maintain Personal Integrity in all Business Ventures | Entrepreneur Skills\" \/>\n<meta property=\"og:description\" content=\"Personal integrity is essential to any entrepreneur trying to build a successful business. Maintain this quality through your highs and lows in business.\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.harveker.com\/blog\/personal-integrity-entrepreneur-skills\/\" \/>\n<meta property=\"og:site_name\" content=\"T. 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