We all know how entrepreneurs are important. We often come across inspirational stories and quotes from them. A lot of them are worth aspiring to. But do we realize how important they are?
Without their business, there are no jobs, no choices of industries, no new markets, and no new organizations that will help our economy down the road.
However, not all entrepreneurs are the same. Some do really stand out – and for a reason. We tackle today why some of them are just a cut above the rest and how we can aspire to be like them.
Being an Entrepreneur
Entrepreneurship generally covers a whole range of topics. There are a lot of definitions, a lot of concepts but a whole lot of entrepreneurs.
That thing with entrepreneurs – it’s difficult to clump them into one single classification either. Each entrepreneur differs in talent, experience, or expertise for the matter, knowledge, skills, persistence, and so on.
But what sets them apart from the rest of the population? We can say that they are the ones who took action. They are no different from the rest of us actually. They just decided to go for it, to step up. Some of us may just be stuck on the thinking phase, discussing and talking about it. The entrepreneurs levelled up and have put their ideas into action.
The thing with entrepreneurship – we can be entrepreneurs also! We have discussed that entrepreneurs are just normal people who took action and we can be just like that! Taking our plans to another level! Putting our plans into action!
If we resolve what’s preventing us from taking action, we could actually move forward. There is no firm description of who and what an entrepreneur should be but for sure you can definitely be one!
One of the intimidating notions about entrepreneurs, that they are extreme risk takers. Entrepreneurs do risks – but these are all calculated risks. It can be beyond your comfort zone, but for them it’s a need to progress for their business.
Entrepreneurs understand that business comes with risks. However, with every risk they make – they have understood the outcome. It’s not actually a baseless risk. No risk comes without fear. Risks bring about fear and that is just usual.
You are putting resources on the line, it’s natural to feel anxious about the possibility of losing. Entrepreneurs understand clearly that with every risk they take, there would always be fear. However, they use this fear to a positive measure. They become more motivated to succeed.
We have dispelled the notion awhile ago that entrepreneurs are a different kind among us. It is established that as children, almost all score equally in creativity.
It’s just that entrepreneurs still carry over those creativity as adults. For the rest, they can still tap into that area. You can still awaken that creativity within you.
Entrepreneurs build from their ideas. Like children, they ask a lot of simple yet relevant questions. They see a situation that needs to be addressed. They exhaust the questions and comes up with a solution no one has thought of before.
And their answers are tangible. Tangible enough to be a product or a service addressing the situation. They have made a business out of the solution while the rest are still mulling over the ideas of solving it.
These details about entrepreneurs can be quite intimidating for some. They are entrepreneurs – I’m not. I do not know how to do business. Let’s get rid of that thinking once and for all – entrepreneurs are not just business people.
They are regular people just like you and me – who have ideas just like you and me again. They just did something with their ideas – they elevated their answer.
The next thing to ask is, how do we get there? How do you not remain in the discussion/thinking phase? We go to our next topic:
To be able to be great at anything, you will need proficiency. Sometimes it takes time. In martial arts, they have specific training done through the years that leads to muscle memory. It goes the same with entrepreneurship, you will need proficiency.
However, don’t worry if you don’t have the years of advantage that people in martial arts had. Or the years in business training, some people had. It doesn’t matter if you had missed on earlier. It is important if you accept to go on accelerated training now and learn more as you progress.
Think of it this way, it’s better to fast track your learning now – be it 2 weeks just enough to be functional than to go for years without making a move to learn anything at all. Besides after the intensive training you can still learn along the way.
In accelerated learning, you learn to be proficient in a shorter time period. You start learning and doing as opposed to just being stuck to discussing with no action at all. To accelerate you need to do the following activities:
Exposure – What’s creating your fears? What are your doubts? Dispel those unfounded thoughts.
Visualization – Picture the process from the start to the end. Imagine how it will progress from stage to stage.
Action – Try what you have visualized.
Get Moving – It’s time to get the ball rolling! It’s time to set the target market, address their need, create prototypes and see opportunities!
Accelerated learning focuses on the core of the issue. The core is always the focus. Entrepreneurs go through lengths to keep the core of the brand as the choice of the market.
Accelerating your learning is about being able to go out of your comfort zone and address concerns. It takes a lot to make the first step and to face the ups and downs that comes with the process. It takes emotional strength which we will be discussing next.
Managing Your Emotions
We mentioned awhile ago what sets entrepreneurs apart – it’ because they do things. They put their thought into actions, will not quit and achieve results. We do what entrepreneurs do – except the “doing” part. Why do we not progress at all? This is because of the dreaded word – “fear”.
Fear itself is not bad. It is a feeling that is natural. The good news is, we can use fear to turn things around. It’s about handling our emotions. When we manage our emotions, it makes a lot of differences on how we face things.
There are several kinds of fears:
Embarrassment/ Of Being a Social Pariah
These is our typical fears and we are familiar with them. To manage these fears, you have to go through risks. To be able to progress in anything, risk will always be there so the best thing is to make calculated risks. Here are some ways to manage the risks involved:
Get on with accelerated learning. Practice, practice, practice until it becomes second nature to you.
List down the weaknesses or the waterloo. Eliminating the known risks ahead of time is preventing what you are fearing for as well.
Ask for help. If you can’t do it by yourself involve the expertise of others. A team can achieve the goal faster.
Turn fear into energy. Focus energies into action instead.
Understand that there is always a chance of failure. Don’t be too hard on yourself if you do encounter it. With failure, you learn more and become more resilient. Forward will just set you up a bit but won’t stop you. Failure doesn’t stop you from moving forward. Failures will always be a part of success.
Expect that in your journey, there will be problems that you would be encountering. There will be obstacles, some failures, some that poses risks that causes – in the end if we manage it well, we arrive at solutions to hurdle everything.
In every situation you encounter, you become better each time. Your road to becoming an expert goes along the way as well.
Look at obstacles as opportunity to be better. Opportunity for improvement. When you manage your emotions amidst all of these, you come up with belief. Belief drives you to be a successful entrepreneur.
And these are things you should understand if you want to be an entrepreneur. Are you ready to step it up now?