The choice to become an entrepreneur is about how you will live your life, not just how you will make a living.
It is commonly believed that the entrepreneurial lifestyle can offer many perks. It’s exciting, it’s creative, and you can potentially create products or services that can have a positive impact on the world. However, being an entrepreneur isn’t always easy. The truth about entrepreneurship is that you will encounter plenty of obstacles along the way, and it takes immense determination & a strong drive to keep going.
Here are the 5 key facts you ought to know before diving in the journey of Entrepreneurship.
- The road to success is a long & challenging journey: “The key to success as an entrepreneur involves in staying put for the long haul. If you’re starting the journey with the mindset of ‘getting in & getting out’ quickly, the result will unfortunately not go in your favor (minus the rare exceptions). It is important to realize that marketing, penetration, adoption, and growth takes time. Sound business is the result of patience and progress- You can’t shortcut your way to success.
- ‘I know it all’ attitude results in failure: A key takeaway for entrepreneurs- Do not try to do everything on your own! As a leader, the best thing you can do is to assign tasks to the people skilled enough and right for it. Remember, the people who create the company don’t necessarily have to be the people who manage the business too.”
- There’s no such thing as ‘BIG’ wins: Incremental progress trumps big wins any day of the week. Therefore, it is important to stop looking for that big giant leap that will separate your business from the red ocean of average ones.
As Aristotle rightly said: “We are what we repeatedly do. Excellence, then, is not an act, but a habit.”
Furthermore, small steps are far easier to set up and measure, way more achievable, and will also keep the momentum going when hardships hit. - If a door is closed, use the window: “Opportunities never appear in the form of opportunities. They usually appear as challenges instead.” Often a times challenges in the entrepreneurial journey, if not consciously evaluated with the right approach can seem extremely daunting. However, if you insist on solving them from a different perspective, you may discover greater opportunities that you never knew existed, and also solve the challenges in the process.”
- There is no guarantee of anything: Something you’ve to be prepared for before starting off. Entrepreneurship comes with an element of risk. No matter how great the idea, how talented the team, at the end of the day the market decides. You aren’t guaranteed success, no matter how hard you work. Does this mean you should not get started at all? No, all this means is that you’ve got to be prepared for the ‘risk’ factor before diving in.
Keep Going! Keep Growing!
Found value in what you read? Like it! Think this article will be valuable for aspiring entrepreneurs? Share it!
Jai A
