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6 Common Stages You Will Go Through When Becoming An Entrepreneur

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6 Common Stages You Will Go Through Becoming An Entrepreneur

Have you crossed that bridge yet? The one where you walk over to the entrepreneurial side (we’ve got cookies!)?

Or are you still looking at the wobbliness of the bridge itself? And at how crazy wild that river below is…And at all the alligators there waiting to get you…And you are still not risking it even though you can see the unicorns prance in fields of 4-leaved clovers and double rainbows stretch as far as the eye can see on the other side?

Ai, that sucks! But…it’s perfectly normal to be afraid of that giant step!

In fact, there are 6 stages that most people taking the leap from a steady job to entrepreneurialism go through:

 

Stage 1: Where you experience a nagging, gnawing knowing of something you’d rather didn’t

This is what happened to me; I was building the career I had always set out for myself. A career that included regular promotions, valuable lessons, great peers to work with and the accompanying great pay and car.

But, I also felt like I was continuously fighting political windmills and had to drag myself to work everyday even though on the outside everything looked just fine and dandy.

That’s when it started to dawn on me that this type of career was making me unhappy. But as it was all I knew and had ever wanted, I didn’t do anything about it for a long time and ended up (almost) burning myself out.

“You cannot swim for new horizons until you have courage to lose sight of the shore” – William Faulkner

Stage 2: Where you’re afraid of the void

But this was my life. This was all built on the studies I had done. This was what my friends were doing. What was the alternative?

Slowly it came to me that freelancing might give me the freedom I so longed for (I know, not ‘proper’ entrepreneuring perhaps but still…big change!). But instead of already smelling the freedom, all I saw was a big black whole of nothingness (mainly money) coming up ahead and all I felt was a big swirling fear in my stomach.

 

Stage 3: Where you come up with a million excuses to NOT do it

Even though rationally I knew I could do this, and even though I really really wanted to do this, I still had a ton of reasons why this was such a bad idea:

  • I believed that deep down I wasn’t good at my job (hellooo impostor syndrome!).
  • I believed that because I have a non-traditional way of looking at a business, no company would ever want to hire me.
  • I believed that I had to do traditional sales stuff to get myself hired and I was totally allergic to that!

 

Belief systems…sigh…so useless!

“The true entrepreneur is a doer, not a dreamer” – Nolan Bushnell

Stage 4: When it becomes undeniably clear that things need to change

So after a terribly long stint of being unhappy in my work, and therefore my life, I was ‘lucky’ enough to fall into a corporate reorganisation and that management had decided something that went way beyond what I felt was acceptable.

Through this, I finally got to that point where I could say to myself: NO MORE!

Ah, how liberating it felt to say NO to that what I didn’t think was acceptable.

Really, without that, I couldn’t have done it and finding my ‘NO’ is still pretty much the foundation from which I work and live.

Because when your NO is clear…everything else simply becomes opportunity!

 

Stage 5: Where you can finally see the puzzle pieces come together

It was a good friend and mentor of mine who helped me figure this out. I was complaining on how I would definitely go bankrupt and this was his reply:

Him: “Imagine a worst case scenario where you go bankrupt and have to give all your possessions to the bank: would that kill you?”

Me: “No, it’s all Ikea, Zara and thrifted anyway…”

Him: “Okay, so in that scenario, would you be able to walk the 20 kilometres from your place to mine?”

Me: “Sure!”

Him: “Would you be willing to work in my restaurant whilst sleeping on your brothers couch?”

Me: “Of course”

Him: “And will you then be able to save money for a ticket to Indonesia where you could probably find a diveschool where you could work as a divemaster (I love Indonesia and diving obviously) and business coach for food and lodgings?”

Me: “Euhm…well…probably…”

Him: “So if that’s your very worst case scenario…what are you complaining about?”

Me: “Euhm…nothing??? Damn…”

Entrepreneur

Stage 6: Where you take the plunge and start attracting opportunity

So I quit!

Two weeks later I had an amazingly well paid freelance job that gave me the financial opportunity to help my brother build his start up for 2 years AND still have enough resources to take another plunge for myself with my own business.

Now whether I got lucky or whether it was just the universe lining up exactly what I deserved for choosing myself (btw, definitely check out James Altuchers’ book on this!), I don’t know. And it doesn’t even matter!

I can only tell you that it felt really good to be there for myself. Still does!

And no, it’s not all unicorns and rainbows on the entrepreneurial side.

But it is freedom

And passion

And a rollercoaster ride that continues to keep me smiling…

“The only thing we have to fear is fear itself” – Franklin D. Roosevelt

So if you feel like you’re on that edge and that that first step is just too big remember that this is normal.

You can take all the time you need to go through your own stages, but, don’t lose that vision of where you want to go.

Also remember do not ever accept the unacceptable.


Your happiness depends on it!

Linda Coussement is a life coach, writer and documentary maker. She’s slowly travelling the world asking all sorts of people: “How is it to be you?” Get her 10-page workbook on how to turn your dreams into practical reality right here and/or connect with her on Facebook.

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31 Comments

31 Comments

  1. Nancy cripe

    Dec 5, 2015 at 6:03 am

    Spot on! I also went through each of these phases and made the jump 6 weeks ago. My first 6 weeks with out pay since high school. No regrets.

  2. Neha Singh

    Aug 13, 2015 at 10:31 am

    Great Article Lawrence! You have put together the points so well and convincingly. I truly believe that perseverance is one of the most important quality of being successful as an entrepreneur. And, you covered it so well in point #3 where you talk about excuses!

    • Linda Coussement

      Aug 14, 2015 at 5:36 am

      Thanks Neha that’s really kind (though it’s me, Linda, who’s written the article and not Lawrence) 🙂

  3. Ramesh

    Jul 6, 2015 at 2:47 pm

    Hi Linda,

    Great post. Bang on! I can relate to this completely. I have gone thru these stages myself .. taken the plunge ..currently in stage 6.
    In the end .. all I can say is overcoming your fears is the beginning.

    Regards,

  4. Online money maker system

    May 27, 2015 at 8:06 am

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  5. Mark Tong

    May 15, 2015 at 7:43 am

    Hi Linda
    The stages you describe really rang true to me in all the entrepreneurial enterprises I’ve tried (and am trying!). And none of this worked for me until I went after the opportunity I REALLY wanted, not the one I thought I SHOULD go for.

  6. Quinn Eurich

    May 14, 2015 at 7:13 pm

    I keep telling #5 to myself (sans the whole diving thing) over and over again, because it’s so true!

    Great job Linda! Always a pleasure to read someone who’s been there and done it!

  7. Jamie

    May 8, 2015 at 4:22 pm

    You make it seem less scary! Yes, being an entrepreneur is tough, but it is tougher to live with the regret of not ever trying it! If at first you don’t succeed….

  8. Lynn

    May 8, 2015 at 3:14 pm

    Hi Linda,

    What an insightful post and timely post. A friend is right in stages #2 and #3 so I’ve sent this along to him for a read and hopefully it’s the inspiration he needs!

    • Linda Coussement

      May 8, 2015 at 6:10 pm

      Ahw thanks Lynn! I hope he makes it through to the next stages soon!

  9. Faigie

    May 8, 2015 at 3:00 pm

    I just read the latest INC magazine and in it they interviewed some really successfull young entreupeneur who said they ALL feel like imposters…so you’re in good company 🙂

    • Linda Coussement

      May 10, 2015 at 7:26 am

      haha, that’s good to know and a great topic for my next blogpost actually 🙂

  10. Ann

    May 8, 2015 at 2:54 pm

    The article is spot-on! Anyone going through change experiences those points. I relate to #3.

  11. Rob

    May 8, 2015 at 2:17 pm

    Linda- This is a great post. In my experience, a lot of the crippling fear comes from lack of clarity about how to proceed forward. The entrepreneur isn’t sure the idea is good enough and isn’t sure how to find out.

    • Linda Coussement

      May 10, 2015 at 7:28 am

      Yes that’s what I figured out just the other day too Rob!

  12. Therese Sibon

    May 8, 2015 at 2:10 pm

    wow … so my crazy is NORMAL? And of course – making steps to change your life is not guaranteed success – but it will guarantee movement which engenders change. As you so beautifully wrote – the decision lines up the universe as a support system.

  13. Angela

    May 8, 2015 at 2:08 pm

    So many of us experience this! Thanks for helping us feel less alone. And this quote is my new mantra: Because when your NO is clear…everything else simply becomes opportunity!

    • Linda Coussement

      May 10, 2015 at 7:27 am

      You’re right, I might just make stickers with that mantra and hand them out to coachees 🙂

  14. John Anderson

    May 8, 2015 at 12:30 pm

    I feel like I hit all six stages at once. 🙂 Thank you for writing this wonderful post Linda.

    • Linda Coussement

      May 10, 2015 at 7:29 am

      Wow, that must feel like an emotional tsunami for you! The best of luck with it and thanks for the compliment!

  15. Kim

    May 8, 2015 at 12:01 pm

    I think this scenario is probably way more common than we even think it is. It’s a scary thing and while it would be great if we woke up one day with the aha moment and the “Yes, this is the day,” feeling, in the end however we get there is good. Thank you. This resonated with me.

    • Linda Coussement

      May 8, 2015 at 6:11 pm

      You’re welcome! I would indeed love to wake up to that feeling but unfortunately, we have to create that feeling for ourselves and not just sit around and wait for it to happen!

  16. Helen McCarthy

    May 8, 2015 at 11:44 am

    Thanks Linda for expressing what many of us who change tack feel. Great article.

    • Linda Coussement

      May 8, 2015 at 11:54 am

      Thanks for the compliment Helen! Change is scary and great at the same time, but in the end it’s the only way to move forward!

  17. Ethan

    May 8, 2015 at 10:01 am

    Hey Lawrence, you nailed it.

    All these stages seem to have an underlying fear. (Or is it the image?) It may be wrong, but this fear is what pushes entrepreneur hopefuls to actually act.

    I must admit reading this got me some chills.

    Very inspiring. Thank you!

    • Linda Coussement

      May 8, 2015 at 11:58 am

      I’m sorry to give you chills but I’m taking it as a compliment 🙂
      Yes, fear is the entrepreneurs’ biggest hurdle, no matter what stage he/she is at! But it’s also the hurdle they’re willing to cross time and again because they know that they will profit from it, personally AND business wise.

  18. Linda Coussement

    May 8, 2015 at 9:58 am

    Thanks Lawrence! And yes, the unknown is indeed where most of our fears come from, which is funny because technically there’s not really anything to be scared of. I’m happy you made it to the other side and thank you for sharing!

  19. Chandraka

    May 8, 2015 at 4:25 am

    Absolutely amazing article. I want the writer to know that he has honestly helped someone make a huge decision. My story is very very similar to yours. Right after highschool I went straight to university and studied finance and went straight to work at a bank.

    It was all I knew and studied and wanted to go far in the bank. But I hated going to work everyday, hated it. I never had that excitement to get up in the morning. Like when your younger you get a new video game, you are so excited to start your day. I only had the feeling of dread going to work. But on the outside I was happy and I worked hard and was quite successful. Going in to my fifth year, I was feeling I needed to make big changes.

    I’m from another country and had an opportunity to start a business with my sister and her boyfriend in this foreign country. I was able to start the business while still working as he lived in the foreign country and we would ship various items for export where we are. This business has a chance for great success but to get it there, I need to be there and be more hands on.

    I was contemplating leaving my job at end of the year but during the middle of the year, a general manager at my bank who coincidentally was from the same foreign country offered me a serious promotion and an opportunity to learn from the best at their craft. This threw a serious curveball since I couldn’t leave and get this business off the ground if I took on this promotion.

    I’ve been thinking for a week what to do. Do I want this promotion and live a safe life or chase my wildest dreams and operate a successful business in a beautiful country and be able to travel more. It’s scary decision but your article has helped me to turn down the position. I already was most likely going to say no but this has helped. This incident has actually expedited the process and I will be leaving in a few months instead of at the end of the year

    • Linda Coussement

      May 8, 2015 at 12:02 pm

      Wow Chandraka, that really made my day!

      I’m so happy for you that you were able to make this decision and follow your heart and I’m happy for me that I was able to share this personal story (which was scary in itself) so that you could be inspired.

      If you ever get another bout of the shivers come find me on http://www.fromstartuptogrowup.com for a chat!

      All the best on your amazing adventure!

  20. Lawrence Berry

    May 8, 2015 at 2:30 am

    This is a great article, because it shares with others the tough road to taking a leap of faith into the unknown. I experienced the same things you have mentioned here, and I think the biggest thing that hold people back from entrepreneurship or chasing what they really want in life is the fear of the unknown. When traveling down a path less traveled its very scary but it takes a person to reach a breakthrough to change.

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Entrepreneurs

6 Creative Ways to Hype Up a New Product on Social Media

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It’s the week before the big product launch, and you’ve been asked to help with a big marketing splash. The problem is despite brainstorming for a few weeks and pushing out a few tweets to build the pre-launch buzz, you’re out of ideas. But merely wondering how to help the new product capture the minds of prospects and customers doesn’t really help.

Here are 6 creative things you should consider to generate excitement for your product in the target market:

1. Create a goal

Don’t limit your awareness program to merely “make people aware” of the product. Go beyond the ideal definition and expand it. There has to be a goal that assists you to measure the success of your program.

This goal can be the number of followers you drive to your webpage, or probably the ones who sign up for more updates. Find out what other options work best for you and let them guide you through the awareness campaign. The key is to make it measurable and ensure if your website is any good; it is fully geared to be not much more than a giant lead magnet.

2. Sell smart, not hard

No matter how much effort you put in, if you don’t do it smart, they’ll lead you to failure. Just because you are leveraging social media, doesn’t imply you can aim in the dark and wait for the arrow to hit the target miraculously. Make sure you very well know the problems that you are trying to solve.

Analyze the people affected by those issues and what attracts them. Leverage social media, but target your buyer personas. New products are often a great time to reconnect with existing clients and prospects. A fantastic way to do this is by getting your sales team to share the content and measure the engagements and click-through rate. Once you have the comparative view handy, you can make the most of social platforms.

“Working hard is very important. You are not going to get anywhere without working extremely hard.” – George Lucas

3. Strike a chord

Personalization is the key to hit the sweet spot in the hearts of buyers. Have the sales team personalize the message. Give your employees the chance to explain the value to their networks.

Write high-level social copy for the various vertical markets you serve and then set the team lose in honing the conversation online. Done effectively, the click-through rate can go through the roof!  

4. Build engaging content

Consider buyer personas while drafting the social copy of your content. And take note, we are referring to buyer personas, not a persona. It includes more than one streak of your ideal buyers.

Invest time in understanding the critical aspect of each of them. Make sure you know what your product has to offer to each of them and translate that understanding to explain this value proposition. The better you do at segmenting the message, the more clicks and engagements your content will produce.  

5. Don’t reveal too much

Sometimes, marketers get carried away and unveil too much of the information in the pre-launch phase itself. What is left for the final big reveal? Apparently nothing but the product itself. And mind you, dear friend, curiosity killed the cat because she could not withhold it. Why not leverage this mentality for your product marketing as well?

Build anticipation and create mystery around the product. Drop hints, create hype but make sure you have some excitement reserved for the actual launch. Don’t disclose every significant twist.

“Content builds relationships. Relationships are built on trust. Trust drives revenue.” – Andrew Davis

6. Narrate a story

Compelling narratives are a powerful way to engage people with your product even before it hits the shelves. Let the existing buyers talk about their experience with your current products. Not only will it talk about your offerings, but it’ll also highlight the positive relationship with existing clients. That’s something that can pay dividends when building a bond with the new ones. Additionally, you receive attention from followers of the customers you are showcasing.

Is your product launch is just a few days ahead, and you need to create product hype on social media? Well, it is quite a task to make the pre-launch ripples. But these six creative strategies can help you get the job done effectively. Use these ideas to showcase the hard work your product team has done and ensure a successful product launch.

Which one of the above 6 ways to market a product do you believe is most important and why? Share your thoughts below!

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5 Skills I Learned in the Military That Helped Me Become a Successful Entrepreneur

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The moves I’ve made in my career from the military, to the mining industry, to running a multinational business in Latin America, aren’t linear. It’s not every day an ex-Australian military officer finds their niche in Latin American business.

Graduating from Australia’s Royal Military College and Defense Force Academy, I served as a commissioned officer in the Australian Army for nearly 11 years, completing operational tours to Central Asia and the Middle East.

The transition from various Army engineering and infantry roles through to managing a team of legal and financial executives was neither quick nor painless. But, as I entered the company formation process, I found my military service played a significant role in shaping my entrepreneurial fitness. The skills I developed in the Australian Defense Force supported me through several commercial iterations more than once.

Here are some of the key connections I drew between core military values and those I apply to the boardroom environment:

1. Be calculated and decisive

Unsurprisingly, a crucial requisite of military functionality is working quickly and effectively under pressure. This rings especially true for the strategic planners of operations: the commissioned and non-commissioned officers.

My military role made tough demands on me to decide on the best course of action for myself and my team. When deployed overseas, making the wrong decision or not making a decision fast enough could mean failing our mission, and putting people in danger.

In business, it’s vital to understand, analyze and communicate the risks involved in the options laid out before you at various stages. Making offers to clients, moving into a new market, investing large amounts of money into projects. And decisions need to be made based on this analysis before these opportunities pass by.

I can confidently draw on my experiences in service to act fast and capitalize on opportunities as they become available, and make tough decisions in high-pressure situations.

“You cannot make progress without making decisions.” – Jim Rohn

2. Resilience is key

Resilience is fundamental to success in any military career. In training and on operations, one soldier’s spiralling morale could put an entire section in danger. Military personnel are vetted for their adaptability and mental strength from day one, using tried-and-true techniques to push people to their limits.

Having a high level of resilience allows you to cope when things don’t go to plan in business. Investments might not show returns as quickly as hoped, a competitor snatches up an important client, or a difficult situation arises between staff that needs careful management.

I can confidently draw on military-learned techniques to support my own and others’ resilience in the office. Being able to maintain a high level of morale among teams fosters productivity and a willingness to ‘soldier on’ in challenging situations.

3. Leadership and cooperation

People in leadership positions are those that others turn to for advice and support. As a leader, you have to be prepared to make tough decisions that others can’t or won’t. A high-performing team has a courageous, empowering, and communicative leader at its helm.

This is as true in the military as it is in business. Building the right team and driving them to success is both challenging and rewarding – whether the outcome is securing a key logistical foothold to allow aid and other supplies to travel into a war-torn area, or seeing a newly-opened office secure its first major client.

4. Discipline

Not every soldier has an easy time appreciating the ubiquity of drills in their military workplace, nor their role in underpinning the success of a smooth operation. But a lack of discipline is tantamount to putting oneself and others at risk. Ignoring lawful orders, or not applying proper first-aid to a fellow soldier, are a couple of examples of this.

To me, commercial discipline means being professional always, even in stressful or frustrating situations. Maintain integrity in everything you do, and don’t cut corners. Carrying out proper legal and financial procedures means staying compliant under local law, and avoiding complications with authorities.

Staying committed to an objective and refusing to drop standards enables you to build a credible reputation for your business that clients hold in high regard.

“We don’t have to be smarter than the rest, we have to be more disciplined than the rest.” – Warren Buffett

5. Cultural awareness

Finally, but no less importantly, showing respect for cultural customs in business is essential for cultivating strong professional relationships. Being aware of your cultural background, and sensitive to those of others, will help build social connections, and make you more relatable to others.

Foreign militaries operating in troubled parts of the world understand that building trust with local individuals and communities is imperative. Without that trust, moving around becomes difficult and more dangerous. To gain trust, soldiers must show respect for people’s culture and way of life.

The same is true in business. A small hiccup such as not shaking hands, or giving an air-kiss to a new acquaintance here in Latin America could start an entire working relationship off on the wrong foot. Cultural sensitivity shows a willingness to embrace people and their society. Never underestimate the significance people place on this element when evaluating your suitability as a professional partner.

It’s no secret that commercial success requires passion, hard work, and dedication. Don’t be afraid to call upon your own and others’ previous experiences to find solutions to problems or forge ahead with complex projects. For military personnel considering testing out their business acumen, be confident that your years of service to your country have also set you up for success in the world of business.

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3 Scientifically Proven Things Entrepreneurs Should Be Doing to Increase Overall Performance

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Many of us know that becoming an entrepreneur isn’t easy. Most are working very long hours, seven days a week, and are making tremendous sacrifices to ensure their businesses are increasing in all areas. They are actually building empires right?

While this type of mindset is okay for a season, many get stuck in the vicious cycle of working non-stop and not taking care of themselves. We all know working hard definitely has its rewards and benefits, but overworking can lead to many unnecessary and unhealthy developments.

Below are 3 things entrepreneurs should be taking advantage of, in order to develop a proper work-life balance and still stay ahead of the eight ball:

1. Get enough sleep

Many of us have been programmed to think that you have to work hard and long in order to be successful in life. While working hard is very important to becoming successful, recent studies have shown that getting the proper amount of sleep is even more important. Studies have shown that sleep deprivation is one of the main causes of stress and burnout in the lives of many people.

Arianna Huffington is a huge advocate for getting a minimum of eight hours of sleep per day, in order to improve our decision-making, well-being, creativity, and productivity. Those bragging about only getting four to five hours of sleep are actually admitting that they are not functioning or performing at their maximum potential.

Researchers have also shown that when you are getting seven to eight hours of sleep, your brain signals your body to release hormones and compounds that assist in brain memory, maintaining your immune system, and decreasing risks in health conditions. Therefore, getting enough quality sleep is key for a healthy lifestyle.

“There’s practically no element of our lives that’s not improved by getting adequate sleep.” – Arianna Huffington

2. Take vacations

Studies show that there are multiple health benefits of vacationing. A few of them consist of less stress, decreased depression, improved productivity, and improved mental health. Who wouldn’t want to experience that right? The ones who break away from the day-to-day functions of working, to go on vacation usually come back on fire and ready to keep crushing their goals.

Vacationing allows you to really put things into perspective, not only for yourself, but for your business as well. Taking vacations gives you the opportunity to unplug and spend that much needed quality time with yourself and your loved ones.

It also gives you time to relax, reflect, and recharge. In doing so, research shows that you come back refreshed and ready to function at peak performance. You also get to have fun, visit really cool places and check off destinations on your bucket list.

3. Take breaks

No matter how much you love your work, you can’t continue to be a driving force while running on empty. CEO Chris Cavallini, of the multi million dollar company Nutrition Solutions, believes in this principal one hundred percent and stands firm on the idea that taking a 60 second break every hour will reboot, recharge, and refocus your mind, body and spirit.

It makes the team more efficient and productive, says Chris. Many times a quick mental or physical shift is all you need, to come back to work with more creativity and more energy for your next breakthrough.

“Almost everything will work again if you unplug it for a few minutes…including you.” – Anne Lamott

Recent studies have shown that those who experience constant stimulation of the same thing, is registered by our brains as unimportant, to the point that our brain erases it from our awareness.

They also show that taking a two-minute break can increase productivity by as much as 11.15%. Since entrepreneurs are constantly on the go, several short breaks through out the day should definitely be included due to all of the amazing benefits they provide.

Some of the things you could do on your breaks that will increase performance and productivity include, standing and stretching, resting your eyes, quick exercises like jumping jacks, push ups, sit ups, or pull ups and even checking your social media.

The next time you feel like you don’t have time to take a break, think about all the benefits you’ll miss out on by not taking one.

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12 Essential Skills Required to Succeed as an Entrepreneur

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There are lots of unwritten rules about the right set of skills needed to succeed as an entrepreneur. No doubt, entrepreneurs are filled with a sense of uncertainty on the right set of skills they need to acquire. So, how do successful entrepreneurs know the right skills to integrate into their operations? This is the million dollar question, and it’s time to answer it!

As an aspiring or veteran entrepreneur, here are some of the essential skills you need to succeed as an entrepreneur:

1. Money Management

Let’s face it, you can’t achieve your entrepreneurial goals if you don’t know how to manage your finances. You need to put structures in place to monitor where your income and expenses come from.

Ask yourself if you are spending more than you earn, and also calculate your savings ratio. You need to keep yourself informed of the latest financial investment rules and how to navigate your business through difficult situations.

2. Ambition

Yes, ambition is one of the hardest skills for entrepreneurs. The aim is the skill you need to keep going when situations become dire. It’s the ability to know your destination and not to lose focus.

Successful entrepreneurs have an aggressive nature, and this is what drives them to work hard. More so, their dynamic environment keeps them cautious and always on the alert for windfalls.

3. Willingness to Learn

Learning is a continuous process. Most entrepreneurs make the mistake of restricting their education to their educational institution. Instead, knowledge is a life-long process, and it’s an essential skill for successful entrepreneurs. Therefore, you must be updated with recent events in technology, your environment, and your industry. Remember, even old dogs can learn new tricks!

4. Creativity

You need creative skills to succeed as an entrepreneur. Trying out the same thing over and over will still generate the same result. Therefore, you need to harness your creativity to discover new methods of doing things. Mind you, being creative doesn’t mean you have to do something drastic. Sometimes, it requires simple actions such as talking to people or taking up new skills.

“Creative thinking inspires ideas. Ideas inspire change.” – Barbara Januszkiewicz

5. Productivity

Successful entrepreneurs have learned how to harness their productivity skills by discovered what is productive for them, and adhering to it. More so, successful entrepreneurs increase their productivity by working at energy peak levels. Lastly, utilize the productivity tool that works for you and improves on it throughout your entrepreneurial journey.

6. Social Skills

Some entrepreneurs downplay the importance of social skills. This group of people fail to realize that you improve your chances of success by walking with the right people. Search for entrepreneurs with similar goals and observe how they overcame challenges. Furthermore, study their success strategies; this will help you to perfect your business plans.

7. Management Skills

It’s not enough to learn the skills as mentioned above without improving your management skills. As an entrepreneur, you will need to manage your workers effectively to get the right result. This is the time to learn how to encourage, develop, and support your employees. Learning a management skill will help you to recognize and allocate tasks in tandem with their strengths and weakness.

8. Social Media Proficiency

Here’s one skill that can shape the landscape of your business. Yes, social media is an integral part of your success as an entrepreneur. In the initial phase of your business, you will need to assume the role of a social media manager, and this involves knowing how to navigate and use social media platforms.

9. Perseverance

Every successful entrepreneur has experienced failures and crippling defeats. They were able to survive these dire situations when many others lost their businesses. Successful entrepreneurs persevere through these hard moments by choosing to learn and make calculated decisions from experience.

“It’s perseverance that’s the key. It’s persevering for long enough to achieve your potential.” – Lynn Davies

10. Time Management

Time management is considered a valuable skill by a successful entrepreneur. With time management, you need to have a detailed plan or schedule for your daily tasks. More so, this skill helps you to prioritize tasks and how to tackle the important ones.

Time management helps you to battle procrastination when making crucial and everyday business decisions. Think of time management as one of the hard skills for entrepreneurs. Remember, you will never achieve your goals without gaining mastery over your time.

11. Communication

It doesn’t matter if you run a small business or a large corporation. It is imperative for you to know how to communicate effectively with your clients, mentors, stakeholders, and even your employees.

It’s one skill that’s crucial to your success as an entrepreneur. Why? You won’t succeed if you can’t communicate the values of your brand. So, you need to master all forms of communication. What’s more? You need to show your employees the importance of effective communication.

12. Business Strategy

Having a business strategy is considered an essential skill for successful entrepreneurs. Although most entrepreneurs reached the pinnacle of their careers through sheer will and strength, it’s necessary to have a business strategy. Utilize the skills mentioned above to create a business structure that’ll stand the test of time.

We’ve successfully created a list of skills to succeed as an entrepreneur. No doubt, it’s been an eventful journey. Now, all you need is to integrate these skills into your mode of operations. Practice these skills until it becomes the core of your business operations.

Which one of the above 12 skills do you feel is most important for an entrepreneur? Share your thoughts below!

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