Everyone wants to be “Entrepreneur” these days, but let me be frank, it’s not as easy as getting a doctor’s or Engineer’s degree.
Why ? Because the success steps of a doctor or Engineering are defined, “Study” and you’ll score good, and “SCORES”, thats all companies need while hiring you.
But if you are diving into the vast sea of Entrepreneurship, you can fail even after the greatest of strategies, tactics or hardworks. The one who definitely wins this race are the ones who dont QUIT .
Still I’ll try to compile the 13 lessons, that they all have in common, and you can learn from.
- 1. Passion
- 2. Don’t Quit.
- 3. Be Confident:
- 4. Start, yes just hit it.
- 5. Small Steps:
- 6. Don’t Hesitate, Ask.
- 7. Planning.
- 8. Build A Group:
- 9. Have a Marketable product or Idea:
- 10. Don’t focus on money ( Yeah, ).
- 11. No? Tell “no” you don’t accept it.
- 12. Don’t Find excuses, find reasons .
- 13. Never to late for an “U” turn:
It’s the first, foremost, quality to every Successful Entrepreneur out there. Be it Mark Zuckerburg, Bill Gates, Steve Jobs, or even Neil Patel.
They all started their journey, taking their professions, not because they wanted to be millionaires, but because they wanted to to what they did, they likes what they did.
Infact I always say “If your job doesn’t make you jump out of the bed in the morning, you’re in the wrong profession .
You won’t ever work, and I mean ever, for hours like 24 to 48, which an Entrepreneur does. And what drives him? Passion.
Don’t believe me? Mark Zuckerburg worked around 16 continuous hours during the initial days when he was coding Facebook, still you aren’t up for it?
2. Don’t Quit.
The second most important trait that dominates your Entrepreneurship Career is your persistence. Anyone can have a passion, go out and start something, but not everyone is successful. Why? Because not everyone has the courage to “not quit”.
Not Convinced? Maybe this will help :-
- Henry Ford: He failed 5 times, was totally broke, before he hit success.
- Abraham Lincoln failed more then 8 times at politics, was stripped of his rank as “Captain” in the war.
- Bill Gates: His first product and company, Traf-O-Data failed tremendously
- James – Dyson : You might not know him and so I’m bolding him out. Net worth – $3,000,000,000. And here’s a failure statement from him – There are countless times an inventor can give up on an idea. By the time I made my 15th prototype, my third child was born. By 2,627, my wife and I were really counting our pennies. By 3,727, my wife was giving art lessons for some extra cash. These were tough times, but each failure brought me closer to solving the problem.
3. Be Confident:
Doesn’t matter if you’re not where you want to be today, the one thing that can get you there is, your confidence in yourself.
If you want to sell something , create something,or even do something, one of the first persons you’ll ever need to convince, is yourself. If you yourself are doubting it, how will others see a future in it?
Make them believe like you own your world, While pitching a Sale, or just promoting a product, make the investor believe it’s worth it, that you know what it can do and you believe in it, trust me “mental attitude” is one of the first pillars of success.
4. Start, yes just hit it.
There are lot’s of reasons for you to “not start”. Some of the most famous being-
- There’s too much competition.
- It’s too late.
- I’m too old.
- I dont have what it takes.
And Bullshit like that .
Well, I take it as you already know, the most important step of reaching the finishing line, is taking off the starting line right?
Even if you are the worst at what you do, there will be millions like you, and the easiest way for you to be better then them is Starting. Because, they would have the same mentality, and thus they won’t start either.
Also, if you’re concerned about “age”, Did you know J.K Rowling hit the Millionaire mark in her late 40’s? Whats your next excuse?
5. Small Steps:
Do you know why most people quit? Because they’re not sure about their own goals.
I mean, what do you expect yourself to do, if you set your goals too high? You definitely won’t be able to reach them on your first attempt, and label it as a Failure, and quit.
What most people fail to acknowledge is, the distance that they traveled before quitting.
A very practical example would be- ” You decide to travel 5km a day , you reach the 5th km, and you set another 5km as the next goal”. Simple right? And without knowing it, you’d have covered 50 or maybe 500 km’s.
What happens in most cases is, people set 500km as the first day goal, they fail, and quit .
So maybe it’s clear why Successful Entrepreneurs set Small steps right? What was your first day/ month or /year goal ? Do let me know in the comments 🙂
Here’s a very practical example from Mark Zuckerburg. He didn’t initially wish to rule over 1.55 billion people. ( As per the data updated on 20th December, 2015 ). Instead, his initial plans were to create a simple page where his college mates can interact and know about each other. He later expanded it to whole of the Harvard connection, and finally the world.
6. Don’t Hesitate, Ask.
Nobody knows everything, right? So it’s a good option to occasionally ask for help, to clear doubts, and improve yourself.
There’s that famous saying that goes by, ” A person who asks is a fool till the question is asked, A person who doesn’t ask remains a fool forever”.
Most of the time, you might have to consult those in your own niche, industry or sphere of work. And trust me, that doesn’t make you look like an idiot, because there might be a moment that they might have to ask something from you right? And even if not, you’re trying to learn something right? Where’s the shame in that?
Find someone really knowledgeable, pitch him your question, and show him due respect. Don’t try to act like you’re the boss and just confused about this single idea, trust me Ego will take you back where you started from.
Not yet convinced? Bill gates credits a lot of credibility of his success to his partner, saying – “Our success has really been based on partnerships from the very beginning.”
Why do you need planning? Well because, it’s discipline, and additionally because it lets you fight chaos.
Here’s what Bill Gates has to say as far as Strategic planing is concerned – ” A bad strategy will fail no matter how good your information is and lame execution will stymie a good strategy. If you do enough things poorly, you will go out of business.”
8. Build A Group:
Why do you need a group?
- To reduce and share the workload.
- To increase production.
- To motivate each other and keep going.
- And definitely, because more minds – more ideas & More solutions.
- To cover different angles, not everyone can be good at everything right?
What should you group members consist of:
It’s not important that you always hire the most talented guy, no. You need to hire someone who is willing to work, because talent can be acquired, not hardwork.
Assign every member a definite job, for that day, and get it done. That way, new ideas, innovation and stuff keeps coming in, and over time it builds up as a brand.
9. Have a Marketable product or Idea:
Give me one other social network, that can beat Facebook today. I bet you can’t, why? Because, it’s the most marketable idea, as a social network right now.
And it was, even at the time of a launch, a totally new concept with awesome features.
So the point is, it’s important for you to have a goal, product, or idea that is “Marketable”. Just having ideas isn’t really today’s cup of tea. There are thousands of awesome inventions, that no one knows about because the society doesn’t need them.
Once you get the idea or product that’s Marketable, make sure you’ve ready at hand customers. Because, no matter how awesome your idea is, unless you have real people to test it, spread it , or review them, who’ll ever come to know that such a product exists?
10. Don’t focus on money ( Yeah, ).
So you want to be an Entrepreneur because you know they’re Billionaires?
Well, here’s a free advice, quit right now, you won’t ever make it.
Why? Being Rich and Being Successful are two completely different goals. When you want to be only rich, you’ll find out ways , shortcuts, short term perspectives, and that’ll either get you some pennies, or doom you even without them.
While being successfully is a more globally accepted kind of perspective. Why? When you want to be Successful , you’ll target the long term perspectives, even if you loose in the short run. You will focus on developing your product, or idea, even if you have to invest from your pocket, why? Because in the long run, that’s what will define your sucess right?
Most Successful Entrepreneurs, didn’t start out ( or probably even know ) , that they were going to be Billionaires. Facebook was started out of an abstract idea of letting people connect. Microsoft was started with the idea of making computing easier and more accesivble, see? These goals don’t really seem like Billion$ goals.
11. No? Tell “no” you don’t accept it.
There will be lot of times and moments, the people around you will seem rising rapidly. You’ll still be stuck at the same point. Hell, even you own instinct will tell you “No, you can’t succeed”.
Well, that’s what you’ve to fight, that’s what you’ve to change?
The Multi-Billionaire, Ellen Musk has made it a habit, that he doesn’t allow anyone to tell him that something is impossible. He describes his success strategy as ” Defining the goal, focusing on it, and creating a funnel to it”.
Well, that’s some premium advice, so why not take it?
12. Don’t Find excuses, find reasons .
What the hell am I talking, right ? They both are the same things.
Well , no they aren’t. Excuses are what you find when you are trying to get yourself off the track, and reasons are what you find when you’re determined to achieve something.
There always, and always will be an Excuse to not do the task at hand, and a reason to accomplice it, it’s your choice which road you wanna go down.
13. Never to late for an “U” turn:
One of the main reasons, why most companies fail is they fail to admit that something is wrong with them.
Trust me, if you’re on the wrong niche, if the goal doesn’t feel right, if you know it won’t work, just take a U turn, and start again.
Wasting all the money in a Know for sure failing company, is definitely a not a better idea then investing in a maybe will succeed company. right?
Here’s a real world example for you that might explain it better, Classtivity, a company founded byPayal Kadakia was going off in the wrong direction, she knew this wasn’t gonna work, what did she do?
She took an U turn, and started ClassPass , the multimillion$ startup today.
So that was it, I just gave you 13 solid reasons to quit go, follow your passion. But I won’t be amazed if you can still come with Excuses, rather then reasons to not do so.
Hey and if you are still following your passion, and even if you’ve failed a lot, I’d like to know, make use of the comment box.
“The best failures make the greatest success stories “