So you jumped into a business from employment?! I am proud of you! That was really a brave and huge step! The question is, do you have what it takes to be a startup entrepreneur?
Well, my purpose is to give you some advice and help you achieve your full potential in fulfilling your dreams and become the best entrepreneur you needed to have.
As you read along, I will walk you through to all the aspects you will need to consider and to have in becoming an entrepreneur. My own personal experiences and from the stories of successful business people who I look up to and admire will help you FAIL FAST and FAIL CHEAP! Normally, we are so focused on the success that they have achieved. But it is also important to know "how" they got to the top.
In the meantime, you need to have or develop three things for you to qualify yourself as a start-up entrepreneur.
- Character. This to me is the most important thing if you want to be part of the business world. Trust me and I want you to face the truth, that in your business journey there will be ups and downs. You have to accept the fact that most of the time, especially if it is your first business, there would be more ‘downs’ than ‘ups’. So if you don’t have the qualities of being antifragile and resilient, you’re more likely quit than to push harder. As Zig Ziglar has taught us, “Ability can take you to the top, but it takes a character to take you there.”
- Knowledge. Before you dive into the business world, you need to be knowledgeable on so many things such as sales and marketing, customer relationship management, and how to form your right team. I tell you, this is not going to be easy, but it will bring success when you spend the time to learn them. When I and my business partners started our company Empresa, we thought were already prepared. And we were all wrong! Not even the three of us were capable and qualify for our specific responsibilities. So what we did was we started learning about each of our own fields, attended training and seminars, and got certified - things that we should have done before we put up our business! So don’t get too excited about your ideas and translate them into reality right away. You need to slow down and seek expertise from people who can be your mentor. You must be humble and should always be hungry for knowledge. Mentors are just around, they will come to you when you are ready to get mentored.
- Be an action taker. Henry S. Truman, 33rd US President said, “Imperfect action is better than perfect inaction.” If you are the kind person that talks a lot but does not put it to work tries to avoid failures, you are missing some parts of the equation to obtaining success. Accept it - if you do not take action, you will not become a good entrepreneur. After you’ve gained all the knowledge they must all be applied. There is an old saying that goes, ” Action speaks louder than words.” I say results speak louder than words! The result of your actions speaks for itself. There was this one time I was in a training about Online Business. We were asked by Derek Gehl, “who wants to have this book?” Pointing to Think and Grow Rich book by Napoleon Hill( one of the most influential books in my life). I was sitting at the back, and about 90% of the people inside the room raised their hands, including mine. Then there was this person sitting in front close to Derek Gehl, who grabbed that book! He took action! So which one are you: the Action Taker or the Excuse Maker?