Life will present you with situations that force you to step out of your comfort zone. Be prepared for these situations by being careful in analysis and planning.
Today’s entrepreneurship is similar to the 150-year-old “Wild West” mining industry. Many people are attracted to entrepreneurship by the success stories that have been told about “entrepreneurs” who pursue their dreams and become “unicorn” entrepreneurs.
After embarking on the journey, it feels like only a few weeks ago that you left your well-paid, prestigious job to enter the volatile, uncertain and complex world of entrepreneurship.
Many of us don’t have a long-term vision, or a grand strategy.
These are nine key points from someone who made the life-changing decision 9+ years ago.
What is your goal as an entrepreneur? Do you want fame, money, or something else? It doesn’t matter what it is, it must be yours. This journey is to help you live your dreams, not others. Your goals can change over time.
Instead of hiring a team to help you, you can create a group of experts to guide you and assist you with your projects. This will ensure that you get the best possible delivery without breaking the bank.
While money is important, the goal of starting a business was not to make quick money but to solve a problem. The problem solved is the valuation. 4. You must tread carefully between being cautious and fearless. You don’t have to rush or wait for the right moment. There will always be situations in life that force us to step out of our comfort zones. Let us be careful with analysis and preparation but also have the courage to take action.
It is vital to increase learning in all possible ways. Learning never ends, whether it’s through reading, doing different tasks or enrolling in higher educational. This is a crucial part of adding value to customers. Copying and pasting rarely works.
Digital presence is more important in today’s digital age than brick and mortar. It is crucial to prioritize your expenses when you have a limited budget as an entrepreneur. It is important to know how to prioritize between business travel and a flashy office, or advertising and creating a digital footprint through sharing knowledge. It is important to only spend money on the essential and vital, not what is desirable. You should invest in a coach and a lawyer.
One of the most important aspects of being a good person is to try to do more with your time, effort, and thoughts. This applies to both the professional and personal spheres. Give something of yourself to someone less fortunate than yourself. Giving your time and knowledge to those less fortunate is an example of this. Even though it may seem counter-intuitive to give back, experience and learning will always be a benefit. It’s also like giving back to the universe what it has given to you.
Corporate life can be very attractive and lead to a false sense of self-worth. It is easy to forget basic courtesies such as answering emails and scheduling appointments for people with a different professional status. People who are eager to please us can lead us to be a bit arrogant. It is important to remain humble and keep your feet on them, no matter how high-ranking or obscure people are.
Like any other journey, entrepreneurship has its ups, downs, twists, and turns. One learns to ride the waves, much like a surfer at the beach. There is always a surprise wave that knocks you down. He then has the blessings and gets back on the surfboard. When you count your blessings, resilience is a natural trait.
