So You Think You’ve Got Talent… In Business?
Running after your dreams may be daunting and it also may be the greatest move you have ever made in your entire life.
It is a huge leap of faith, but you need to know if you it’s something you really want and something you are willing to put all of your time and passion into.
Once that is clear, it is off to the races, and oh what a time we will have!
Quit standing still!
You are a young entrepreneur and therefore you can be patient. Time is key with a startup. The ability to keep your cool while learning the ropes lets you progress in a highly effective manner.
You have time to readjust your game plan, figure out what works and what is absolutely never going to happen. The way you will push yourself or figure out how you tick in this environment can reveal many important strengths and downfalls you didn’t know you had. Its good to learn these now rather than later.
Never Fear the Fail
Failure actually IS an option. It is sometimes better to fail than succeed early because you know what isn’t going to work right away. A small burst of success from the get go can give the false idea that you have everything under control. Learning how to roll with the punches is something that every entrepreneur needs, so take the good from the bad and keep moving forward rather than letting it hold you back. Big corporations stumble over themselves sometimes when presented with roadblocks, so your small startup again has an advantage with ease of transition from one direction to the next.
Go Big or Go Home
Just like you Professors always used to tell you, “You are only going to get out what you actually put in.” Entrepreneurship is no different. Dipping your toe into the water on weekends and free time just might not be enough to make anything substantial come out of your work.
You also need that full attention in your work. Letting a part-time attitude run your business will keep that business forever part-time. Jump in so your passion can really go into what you are doing.
If you want it to work and enjoy what you do, don’t let anything stand in your way. Tackle the task at hand with everything you’ve got.
Believe in Yourself
In order to get others on board you need to wholeheartedly believe that this is going to work and you are just the person to make sure it does. It is a new idea after all, so people will be hesitant. Don’t let them lead you off your path.
Money, Money, Money
A big problem with many Startups is biting off more than you can chew. Know your needs, and try to stay close to home at first. Venture Capitalists will like to see that you can really sell this product, so if you already have had investors close to home it will only give them more confidence in you.
Stay lean as long as you can. This will give you insight on fixing problems at a bare minimum and give you a better understanding on how to allocate those funds when you receive them. Keep it simple while you learn. That doesn’t mean keep yourself too thin to function, because after all, it is a successful business you are trying to run.
Now that you know more about how to start your own business, don’t waste a second more thinking of what could be. They are out there waiting for you and your dream so quit holding it all in and let it loose!