Wednesday, 1 March 2017

FACTS ABOUT BEING AN ENTREPRENEUR

Starting a business can be the roller coaster ride of your life. Know the good and the bad in advance, and hold on tight.





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Being an entrepreneur is definitely not for the faint of heart, but it does open up the amazing opportunity to run with your ideas and see if they will actually work. It is a way to bring your passion to life as you help make people's lives better. It is your avenue to severing the ties of a 9-to-5 job and someone else being in charge of your work life.

Launching your own business can be the most exhilarating, mind-boggling, mind-blowing, happy, frustrating--and profitable--adventure of your life. Here are 23 sometimes hard-to-swallow facts that most entrepreneurs experience throughout their incredible journeys.

1.         You have to get out of your comfort zone daily
2.         Your first try at launching your product or service will most likely fall short or even fail completely
3.         You have to kiss up to a lot of people you don't even like
4.         Becoming an entrepreneur necessitates your becoming a very good listener to your clients, employees, investors, the list is endless

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5.         More times than you wish to admit, you have to put your business before your family
6.         You never work 9 to 5 again (Yay!), but your typical workday has become more like 16 hours, all hours of the day and night, 7 days a week
7.         Trying to raise money or find clients or customers is way harder than you ever imagined! you're going to get a lot of no's
8.         You have more paperwork than you ever dreamed existed
9.         You have to learn quickly to surround yourself with supportive people…not negative people.
10.       You will struggle with how to keep your product or service unique from that of your competitors
11.       The success or failure of your company will weigh heavily on your shoulders
12.       "I will learn from my mistakes" becomes your mantra
13.       You are in constant jeopardy of losing it all
14.       There are times when you forget when the last time was you actually paid yourself
15.       You have to quickly acquire the skill of asking for what you want
16.       Your reputation is always out there and on the line
18.       Every day there are more decisions to be made than you possibly have time for
19.       You constantly think about cash flow, and hope your customers will pay you quickly
20.       Those friends who remain in their 9-to-5 jobs will never really understand that you really are working
21.       You become the jack-of-all-trades in your business
22.       If things go well, you will one day come to the realization that you can't do it all yourself and you have to let go of some control. And, speaking of control, you come to realize that all hell can break lose at any moment, just when you least expect it
23.       A year later you realize that you have a better chance of being struck by lightning than achieving your dreamed of overnight success…success is going to take a lot longer than a year

But I am sure as an entrepreneur with a vision, these facts are already known to you. They are not new, therefore, they should not weigh you down. When these facts seem to come to play in your entrepreneurial endeavor, remember one thing! YOUR VISION


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