The first question one should ask is if entrepreneurship is the right path for you. In my opinion and from my experience, becoming an entrepreneur is not for most people. This field will destroy you if you don’t have a mind and heart of Steel.
For the most part, my entrepreneurship journey has been rough and filled with a lot of failures. It’s the first time in my life I’ve heard so many no’s. From startup until now because I’m still on the journey, it’s been nothing but obstacles that I’ve barely been able to maneuver.
The media and “influencers” make entrepreneurship seem like a golden road filled with success and riches as far as the eyes can see. For a small portion, it’s like that but not for the majority that endures a lot of stress and disappointments. They only show the good parts of entrepreneurship and deliberately leave out the dark side of becoming an entrepreneur.
Being an entrepreneur can be worthwhile and can definately make you wealthy but only if you do the right things, have a bit of luck, and stick with it.
You have to be passionate about becoming an entrepreneur but that alone is not enough. You will have to become a problem solver and be willing to stick to a plan and adapt as you go along.
I learned how to endure pressure and figure out creative and alternative ways of accomplishing each task. I’ve been told no a lot but I still try until I hear yes or get to the outcome I desire.
Another thing I learned is to take breaks especially when you are having a difficult time with your venture. A break is essential to coming up with better ideas and solutions to any problem. After 85% of my breaks, I’ve been able to solve my issues relating to my company.
I think the most helpful tip when pursuing entrepreneurship is building the right team for your venture. Recruit like-minded and smart people on your team that can accomplish various tasks without your supervision.
Don’t micromanage your venture, it’s a waste of valuable time and it doesn’t bring any value to your company based on my experience.
I saw a solid startup fail due to unnecessary micromanagement. The founder needed to promote and raise capital for his startup, instead, he micromanaged every aspect of the venture and neglected the most important parts of the business, and lost sight of what his role was as the founder and managing director.
I love being an entrepreneur and it’s necessary for every economy to innovate and develop but ensure that you are in it for the long haul. Most importantly, follow your passion and make it happen, having regrets is the worse feeling ever.
