by Alex » Sat Mar 25, 2017 10:56 am
Entrepreneur = reckless daydreamer.
Don't misunderstand me...I'm very fond of people who risk their time, money and try -and achieve success- to set up a business, but the bare truth is that 3 out of 4 SMB won't survive after 2-3 years.
For that reason, an entrepreneur is a person with a very high self-esteem; otherwise, he/she wont have the streght and guts to bounce back in case of failure, and keep trying.
An entrepreneur must be 'down to earth', and be able to figure out when it's either time to fight or to give up. There are times when your bussiness plan fails. Should this happen, it's better to put aside your dreams before it's too late. Been witty and resourceful are ' a must have' for an entrepreneur, but having a clear vison of the business situation it's the key to avoid bankruptcy if things get nasty: having a bullet-proof nature should'n mean overconfidence or blindness.
If you are one of the 'lucky ones' who belongs to the 25% who are sucessful (and yes, I said lucky, because besides hard work, a good plan and some money, you will need luck...lots of luck), think about growth, think about the way to protect your business from competitors and remember that the world changes and your business has to evolve, or sooner than later will fade away and eventually, disappear. Keep looking for new products, new services, new markets, dont give anything for granted.
And last, but not least, don't forget your family, your friends, yourself... Usually entrepreneurs are workalcoholics and have a trend to forget there is life after work. Your business is important, but remember that you have a life worth being lived.
Entrepreneur = reckless daydreamer.
Don't misunderstand me...I'm very fond of people who risk their time, money and try -and achieve success- to set up a business, but the bare truth is that 3 out of 4 SMB won't survive after 2-3 years.
For that reason, an entrepreneur is a person with a very high self-esteem; otherwise, he/she wont have the streght and guts to bounce back in case of failure, and keep trying.
An entrepreneur must be 'down to earth', and be able to figure out when it's either time to fight or to give up. There are times when your bussiness plan fails. Should this happen, it's better to put aside your dreams before it's too late. Been witty and resourceful are ' a must have' for an entrepreneur, but having a clear vison of the business situation it's the key to avoid bankruptcy if things get nasty: having a bullet-proof nature should'n mean overconfidence or blindness.
If you are one of the 'lucky ones' who belongs to the 25% who are sucessful (and yes, I said lucky, because besides hard work, a good plan and some money, you will need luck...lots of luck), think about growth, think about the way to protect your business from competitors and remember that the world changes and your business has to evolve, or sooner than later will fade away and eventually, disappear. Keep looking for new products, new services, new markets, dont give anything for granted.
And last, but not least, don't forget your family, your friends, yourself... Usually entrepreneurs are workalcoholics and have a trend to forget there is life after work. Your business is important, but remember that you have a life worth being lived.