You think success is only based on intelligence? Nope.
You think success is solely due to the number of contacts you have? Negative.
You think success is pure luck? Sorry.
You think success is based just on education? Nice try.
You think success is only about you? No way!
I could keep listing these, but you get the gist. The line that separates the entrepreneur from the wantrepreneur is not only the number of successes, but it is the number of attempts, failures, disappointments, trials, and tribulations. This persistence is the distinguishing factor that separates the entrepreneurs from the wannabes.
Additionally, remember, that as an entrepreneur, you are part of a bigger ecosystem of trying, failing, learning and succeeding. For every failure, you or someone else will benefit from it, and will use that learning to adapt it for businesses. You may not even recognize it, but you are benefitting from other entrepreneur’s failures all the time, and vice versa. Check out these TED Talks for more inspiration about failures.
Here are some bits of inspiration to keep on trying, even when it seems that you’re in a dead end:
How long have you been persisting? How do you keep going in the face of adversity? Let us know in the comments below.
This was originally created by Kriti Vichare for #entrepreneurfail: Startup Success.
For those of you who don’t know the reference to the classic movie, Groundhog Day, Bill Murray finds himself trapped in a time loop, and every day is identical. Every day, events repeat themselves from the original day. He is only able to break out of the loop when he changes his thinking fundamentally, by embracing all aspects of his life.
Entrepreneurs are often in this rut. Every day is a manic Monday, and the concept of a Friday, let alone a weekend is inconceivable. Sometimes this loop is unavoidable, but here are a few pointers for yourself to stay sane when you are in this cycle:
- Give yourself a timeframe. Learn more about timeboxing and the Pomodoro technique.
- Make sure you see a light at the end of the tunnel. Take a step away from the business. This will allow you to see the entire picture holistically. If there is no light, it’s time to abort mission.
- Make sure your team has the same calendar as you. If you are the only one without a weekend, take steps to change that.
- As the character in Groundhog Day did, change your thinking fundamentally. If you are really meant to working hard on your startup, and it is bringing you joy, isn’t everyday a Friday?
And if you need some more tips about how 19 different entrepreneurs got out of the rut, these tips will help.
Let us know if you agree with this comic. How do you deal with the Monday blues?
This comic was originally created for #entrepreneurfail: Startup Success by Kriti Vichare.
Who cares about passion, right?
“We don’t have time for fanatics! We have a business to run.”
On the contrary, passion is one of the most important things you can bring to a business. Here are a few questions to ask yourself:
- If you were extremely, unbelievably tired, would you still work that extra hour on your business?
- If you had no incoming money for 3 years, and after that it would still be variable, would you still want to work on your business?
- Do you periodically dream about your business, and does it keep you awake at night?
If you answered yes to at least one of these, then you are passionate about your idea and believe in it. This is an absolute precursor to starting your own venture.
What exactly is passion in entrepreneurship?
It is a strong and uncontrollable drive to actualize your idea. And why is it necessary? You will face tough days, emotionally draining days, steamrolling days and the only thing that will get you through them is your passion. Last year I was pursuing a business that I thought had good applications and had potential, but I fooled myself into believing I was passionate about it. I plowed through assessing the customers and creating a prototype. However, as soon as I found a competitive threat, I was disenchanted by the entire idea. This lack of passion was an #entrepreneurfail. I decided to switch gears to a business where my passion was more evident.
Where else will passion help you?
Whether you are networking and searching for new leads, trying to get funding, or delivering extra value for your consumer, your passion will come through and propel you that extra step. When times get tough, your passion will be there, like a long-time friend, to pull you through. So go out there and find your passion. It’s something you won’t be able to find anywhere but within you.
Have you found your passion? Tell us how you found your passion in the comments below.
This was created by Kriti Vichare for #entrepreneurfail: Startup Success.
If you can read this sentence without thinking about your next sales call, the line of buggy code you have to fix, the intern you must hire, or the appointment you are itching to make….then congratulations! You probably have better focus than many new entrepreneurs.
A key driver of a new entrepreneur is really a laser sharp, extremely directed, pinhole-perfect focus. This unwavering bullseye and motivation to get to a goal separates the successful and the mediocre startup founders.
Easier read than done? Here are some tips from experts who know the importance of focus
- Identify what’s important to getting your first customer and nothing more
- Implement one strategy at a time for growing your business. Move to the next one, once you have assessed all aspects of your current strategy.
- Plan alone time and take breaks, as many of the successful entrepreneurs in this article do. This allows you to recapture and recuperate in your mind
- Set mini goals and mini prizes – e.g. 30 minutes undisturbed will get you 10 minutes of social media time
- Publish a daily schedule and follow it. Give it to someone who will hold you accountable to those deliverables. Setting a schedule allows you to ‘be your own boss’ in a way where you determine what your future self would be doing and keep you accountable to yourself.
- Include an exercise schedule in your daily regimen, as this allows you to consolidate your thoughts.
- Say no at least 10x times than you say yes. Saying no lets you focus on your yes commitments.
- Learn the art of meditating, which is essentially the art of practicing being focused.