The Entrepreneur
Ξ November 11th, 2008 | → 0 Comments | ∇ business, rant |
The hardest thing about being an entrepreneur.
Money
It’s tough if you have mortgage payments. That’s why a lot of these start ups rely on moving back home, the classic garage start up. This is where those good relationships with your parents kick in. Usually explaining and showing what you’re up to will yield understanding. If not, see where you can compromise and pitch your idea again.
Creativity
We’re stumped with ideas sometimes. But if you’re living, there’s probably something that’s bothering you. do you have a solution? The opposite spectrum also holds true - is there something you absolutely live for? That thing that makes life so enjoyable, that you’d like to help contribute to it’s growth. Wither it be a problem or a solution, here’s the one question you ask yourself: how can you help the world?
A Plan
They keep on telling you to do a business plan. You hear stories of business plans being written on just a napkin. There’s always exceptions to the rule, but in a fiercely competitive world, and with life’s many obstacles, it’s best to minimize the risk of failure, and the plan sets your path and principles. It also leads to the next thing. Otherwise you’re just a left floating in the air..
Discipline
Actually, no, planning is the fun part compared to this. It’s sticking to the plan that’s tough. Otherwise, you just wasted your precious time making that business plan. Discipline is a big part in where you walk your talk.
Motivational Durability
How do you know your idea is just the flavor of the week? Yes, it’s good to be agile, but too much of it will leave you limb. You’ve got to be strong and continue on your path. Your motivation and consistency is essential
Trust
The time line of your venture and trust go hand in hand. Time can be cut if you have people helping you out, but would you bet your life on those that are in on it with you?
The people around you
This is probably the hardest thing above the rest, nothin like a bunch of people that impose their negativity on you. Sure they could be doing it to look out for you but the biggest flaw lies in them judging - judging you can’t do it. They may not realize you know something they don’t. It’s best to not speak and just do.. and when they do doubt, as long as you don’t give up, enjoy it while it lasts. eventually, the tides turn. The opposite holds true for positive people. Have people around you that support and cheer for your success, and it’s a source of entrepreneurial energy that creates synergy and helps you accelerate further. I believe the greatest source of support comes from your parents. Win their support, and say goodbye to doubt in yourself - there’s no looking back…
Wrap all the above up in a bundle called time, stay focused, and enjoy the ride of a lifetime. Offer to many others a solution to a problem and in a way you’ve helped their dream come true. In return they’ll make your dreams come true.