The Route to Entrepreneurship

Being an entrepreneur is like taking a journey, and it seems like everyone goes through it a little bit differently. A remarkable idea can propel a startup to success in a matter of weeks, but it’s not for everyone. What Not to Do in Entrepreneurship by Sanjeev Chitre is an excellent book for aspiring entrepreneurs who want to know what to avoid when beginning their own business. Entrepreneurship can be challenging, but it’s worth it in the long run.  Entrepreneurship is a wide-ranging and gratifying industry, but there are a few commonalities that almost everyone experiences at some time in their entrepreneurial journey.

1. Intimidation.

A lot of people have doubts about their ability to become an entrepreneur or quit their day job when they first start thinking about doing so. It’s common, and it applies to most people who have even a sliver of self-doubt in their subconscious minds. Strong-willed individuals may struggle to overcome this level of fear and intimidation, and the fear may even follow them into business ownership. As you gain business expertise, this fear will lessen and lessen its influence on your judgments and course of action.

2. Novelty.

Some business owners are enthralled by the novelty of the situation during the planning stage, while others are not. Even if you haven’t had much time to see if the firm is a success or a failure, you can bask in the glory of owning your own business. Having the label of an entrepreneur is enough for you, and you’re ecstatic to come to work every day. Again, the novelty of entrepreneurship may remain for some people for the duration of their careers, but for the majority of us, the novelty wears off as soon as problems arise.

3. Overwhelming.

There are those who know exactly what it takes to be an entrepreneur; yet, most of us are grossly misinformed about what it really entails. It’s normal to feel overwhelmed when you’re dealing with cash flow concerns, deadlines, losing personnel, missing sales predictions, and watching significant competitors rise to meet you. The overwhelming moments and hurdles that entrepreneurs face are part of the job, but once you get beyond them, they have less of an impact on you.

4. Rhythm.

As long as you keep going, you’ll eventually get into a rhythm as an entrepreneur, whether it’s your first startup or your third or fourth. You’re not going to be surprised by the roadblocks and setbacks you encounter. Taking up a new challenge will not faze you in the slightest. In time, you won’t be as afraid of failing. Even while the occasional crisis will still shake you up, you’ll instead go about your duties with pride and self-confidence.

5. Failure.

Yes. Entrepreneurs of all stripes are doomed to failure. Most of the world’s most successful entrepreneurs had previous failures before they reached their current positions. Even the most successful entrepreneurs have had their share of setbacks in the early stages of their careers. There is no such thing as failure, but it can be overcome with the correct mindset and the right amount of effort.

6. Rejuvenation.

After a period of disappointment and/or disillusionment, you enter a rejuvenation phase. There is no reason a single loss should mark the end of the road, even if you lose an entire business or just a major client. You rekindle your passion for business ownership and rediscover the motivation that drew you to it in the first place. It’s possible that you’ll begin a new cycle of the stages above, from intimidation to rhythm at the very least.

7. Temperance.

In the end, after years of experience and countless cycles of failure and rejuvenation, you’ll reach a type of ultimate stage in which all the minor things particular to entrepreneurship begin to feel less significant.  Without hesitation, you’re willing to try new things, even if it means taking calculated risks. You have a calm demeanor and are a real corporate leader.

You might go through these stages fast, slowly or anywhere in between — and you might even experience them in a different order. In spite of this, you’re probably certain to encounter them at some point in the course of your business’s growth. Instead of obsessing about where you’re going or how long it will take, try to enjoy the journey itself.

visit: savefromnetpost