Entrepreneurship comes with a punch in the mouth. Can you take it? Entrepreneurship is not easy. Whatever you want to start that has value and can bring you value is hard to achieve. It is hard because nothing valuable comes easy. There will be many mistakes made, there will be many failures and you as an entrepreneur learn and grow from these failures and mistakes.
There are 3 common mistakes that I’d like to address here that almost all first time entrepreneurs make in their journey:
1) They put all their thoughts and efforts in their product and service
It is important to give value to what you are offering. But putting so much time in the product and service takes you away from putting time for yourself. You as an entrepreneur should come ahead of your product. The mind and soul behind your business determines the quality of it. If you want to have a high quality product or service you have to have high quality standards for yourself too.
Read as much as you can. Gain knowledge in the field you are working in. Get to know the customers. See how you can help them as a human. Work on the values you can offer through your product or service. Learn about leadership. Learn about persuasion. Learn how habits form and how you as an entrepreneur can form right habits that will push you through this rough path.
You have to make every cell of your body and mind work for you to achieve your goal. This is not achievable unless you work on it. Even if you have the best product or service and you don’t work on yourself as an entrepreneur, you will give up. You will get distracted. You will be pushed away and you will fall and you won’t be able to get up and continue.
You are the one forming your future’s success. Look at yourself and see if you have the characteristics of the successful person you are imagining in the next one, two, three, or 10 years time. See what is lacking and work on those. Instead of putting so much time refining and elaborating your idea, work on yourself first and do other things on the side. Learn as much as you can, grow as a human, be kind to people, always be ready to give a helping hand, listen to successful people, share your knowledge… If you want to become rich, you have to ask others for money. But first you have to make yourself care about them.
2) They give up
Giving up is another common mistake that first time entrepreneurs make. I mentioned that it is not easy to achieve your goal if it is something valuable. You have to give up many things to get what you want from life. This journey is hard but it is joyful as well. Don’t give up when you hear a no for an answer. Don’t give up when you see no sells. Don’t give up when you see no return on the time your are investing.
First of all there are and will be returns on every action you take towards your goal. It is just that we will choose to only see what we want to see. We don’t see the amount of experience we are gaining with each step. You will learn, refine, and act again accordingly. If you believe in your idea you have to be persistent and have patience.
Jack Ma founder of Alibaba says many times in his presentations that he didn’t have any sells on Alibaba for months when they started it. They had to put their own products online, they had to buy them themselves, and they repeated this until they found real sellers and buyers. It requires patience. As an entrepreneur we have to learn how to become patient no matter how hard it is. Especially these days with the existence of social media and instant feedback, likes and comments, that are making us impatient human beings who need to see quick responses or they will give up.
3) They want to make everyone happy
Steve jobs says it right. “If you want to make everyone happy don’t be a leader. Sell ice cream.” It is true. Your product or service should have a niche target market.
You have to make your target narrow to be able to get attention. Sometimes the people closest to you might say your idea is not good enough and you have to make changes to it. If you believe in it, if you see potentials in it, don’t change it. Don’t listen to those who are saying you have to make your market bigger. Stick to your idea, your market becomes big for you. People will find you for who you are. If you think there are people that their opinion would affect yours, don’t share your idea with them. Start your business, get some results and when it is performing to the level that you are confident about it, then you can tell them.
There are many other things I like to talk about from my experience. There are many things I want to tell all first time entrepreneurs. But I will bring this post to the end by just telling you this; you deserve to live your dream life. There is nothing more valuable in this world than trying to achieve what you want to become in this world.
If you are here reading this post it means you have realized you want to make a change. This is the first step and the most important one. I know what you are going through; all the questions, the excitements, and disappointments that come on your way. I totally understand it. There won’t be a stop to it. You will learn how to deal with your emotions as you grow in this journey.
Entrepreneurship is sailing in the sea of emotions. There will be sunny sky and calm sea, there will be storms as well. You will learn how to deal and sail like an expert. But you have to step into the sea to be able to learn and become a successful sailor. Don’t worry about anything. I want to give you the courage to step in. Take a deep breathe and know that you will only face things that you can handle.
Start making changes to your life now. Tomorrow is too late. Decide today and use every second of your life, changing every cell of your body and mind towards achieving your goal. You should become the success you want to see in the future. When you, your mind, body, and beliefs become that success no matter what you do, it will be successful.
Cheers to all of the first time entrepreneurs who are wayyy ahead of many people in life by deciding to change their life for themselves and others.