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Tyson Rhame

Doubt, fear, worry and no clear focus can all prevent you from getting your dreams going. Focus on why you want to become an entrepreneur (your passion) and use that to motivate yourself into taking those initial few steps; those are the most important ones.

About Ty Rhame:

Entrepreneur, philanthropist, motivator, husband, and father Tyson Rhame is an active duty United States Air Force Reserves Lieutenant Colonel who has used his Air Force Academy education, military training, and astute business knowledge to create a wealth of success for himself. Ty Rhame FacebookTy Rhame TwitterTy Rhame YouTubeTyson Rhame TumblrTyson Rhame Blogger, and tyrhame.wordpress.com can all be used to view informational material and presentations directly from Tyson Rhame to assist entrepreneurs and cadets in their journeys to success as well as links to his business related philanthropy endeavors.

Entrepreneur

Once you have decided that you have what it takes – the necessary traits, skills and passion -to become an entrepreneur, the next step is to start up your dream business. Getting started with your dream business can be the easiest part of the process or the hardest. Some entrepreneurs can’t wait to jump in, while others get caught up in second thoughts and doubts. Avoid coming up with excuses about why you shouldn’t start your own business.
Once you have made the decision to go forward and become an entrepreneur, skip the excuses and get to work.

Entrepreneur

Managing risks is what much of the military is about. The military has to look at efforts and results in the same way an entrepreneur looks at efforts and results when evaluating an opportunity. The military is constantly looking at the risks associated with deploying forces and equipment in order to achieve an objective—every mission assesses its risks. As an entrepreneur, I use the same skills to manage my capital and work force to achieve financial goals and limit losses. I learned to look at the competition, challenges, and potential outcomes. Just as I learned in the military, I weigh various factors involved with a decision in order to make the best choices based on potential risks and rewards. Having poor risk evaluation skills in business or in the military can clearly lead to disaster.

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Entrepreneur

Probably the most valuable skill the military instills that is absolutely critical to success as an entrepreneur is integrity. Integrity is many things. It’s not just being honest and morally sound; it’s being forthright and doing the right thing when you know what needs to be done—even when it sometimes requires grave personal sacrifice. Personal integrity is all a person has when they are ultimately alone having lost everything that is external to them. Integrity is what allowed prisoners of war to survive years in what most people would consider a living hell and still maintain who they were. Surprisingly, it seems to be one of the most difficult characteristics to find in the business world today.

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Entrepreneur

Many people ask me if my military experience helped me to become a successful entrepreneur. Without question, the military was critical in giving me the tools needed to be successful in life and as an entrepreneur. The key things the military taught me that helped me succeed in the business world were discipline, hard work, integrity, adaptability, perseverance, risk management, knowing when to quit, and people skills (assessing, communicating, relating, and understanding). These are all attributes that both the military and entrepreneurship have in common.

In this continuing series of articles, I will discuss each of those topics in more detail. I welcome any comments or questions related to any of the topics.

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Entrepreneur

I’ve always had the entrepreneurial spirit, but it’s true that you need more that just that in order to be successful. Perseverance, perspiration, initiative, confidence – all of these are big factors in taking a dream to the next level and making it work.

Tyson Rhame

Of all the things I am involved with, my foundation (the Rhame Family Foundation)I is one of my favorites. The students at Globe Academy have exceeded my expectations as they “Pay It Forward” with the $20 each they received before Christmas. The great things they have done have humbled me and made my investment in this foundation even more important and meaningful.

http://www.11alive.com/story/news/local/moments/2014/12/21/globe-acacemy-rhame-family-foundation/20723041/

Entrepreneur

If you want to be successful in your business, choose something you are passionate about. One sure way to keep motivated is to love what you do. Without passion, and a lot of it, your business dreams could become lost in the day-to-day grind of running a business. Check the top ten entrepreneurs and you will see that passion was an important aspect of their success in achieving their goal.

New businesses are more exposed to risks than already established businesses for obvious reasons. For instance, new businesses usually lack fully functional business systems and effective risk management strategies. For this reason, most new businesses aren’t able to withstand even small risks. To be able to grow your start-up successfully, you must be aware of the top risks faced by small businesses. You also need to take steps to minimize the risks because it is impossible to eliminate business risks completely.

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