Inside: What must an entrepreneur assume when starting a business?
So… you are thinking about starting your own business? Congratulations!
I know what you may be thinking, does this really call for a celebration yet?
It absolutely does, and let me tell you why: the fact that you are thinking about starting your own business and reading this article means that you are brave enough to allow yourself the space to go for big things.
You don’t know very much about starting a business, and yet you are willing to go out into the unknown, bravely and without any care for the fact that this is not your expertise. You can absolutely learn as you go, and luckily, the internet, books and so many helpful resources exist.
You have a whole world of information at your fingertips. So today, I thought I would kick off your business trip (get it?) by discussing; what must an entrepreneur assume when starting a business? Ready? Let’s go!
What Must An Entrepreneur Assume When Starting A Business?
For this, I have seven things that you are going to need to accept before you can begin this journey. And yes, it is a journey. There are many ups and downs, new experiences, and infuriating ones. You get it all when you embark on this path, but I think it is worth it.
1. It Will Be Work
I think this one is a no-brainer. Of course, starting a business is going to work. But I had to start this list with this because the amount of work can be one of the first things to deter you when you are beginning your business.
It is said that it takes more force to get something moving than it does to keep it moving. Right now, you are trying to get a car moving by pushing it. Once you get it moving, the momentum will help to drive you, but you are going to sweat for a bit. Think about it like working out; you will not have any gain without any pain.
Plus, this is only going to be for a little while. You are investing in your future, so why not roll up your sleeves and get to work? At some point the snowball effect will take over and all your hard work will pay off! Think business of your dreams, influence, income, maybe even earlier retirement. Everyone who has gotten to this point has had to take the leap and trust it will work at one point.
2. You Must Have Fresh Ideas
I don’t want this to overwhelm you, but it is the truth. Starting a modern business requires creative thinking.
You need to be fresh with your business idea, inventive in the way you solve your problems and daring in the way you bring in revenue.
Take some time to sit and think up some fresh ideas every single week and you should be golden. You can call it your gardening time since you’ll be watering the grass that is greener on the other side of your dreams. Too Cheesy? Maybe.
3. You Will Have to Sacrifice
You are going to have to sacrifice your time, your energy, and your money for quite a while when starting a business. I know that this might now seem fun, but if you go into this understanding of what you are signing up for, it won’t be so bad.
Also, you need to think about it like this: You are sacrificing now so that you can enjoy yourself later.
You are absolutely going to reap the rewards of this endeavor if you give it enough time.
I heard wise words recently that you just have to STAY ON THE BUS. There maybe turns you make along the way, but staying committed to your plans and ideals long term is what will bring you the success you are after.
4. You May Fail a Few Times
This may sound scary, but it is the truth. You may fail a few times. I don’t mean that your whole business will go under, but rather that you are going to experience certain challenges that you will have to learn to handle better the next time.
Just learn to roll with the punches, and I think you will be good to go. Going into this knowing that you aren’t going to be perfect but that you will be doing your best will help to stop you from getting overwhelmed and quitting altogether.
5. You’ll Need Assistance
You are going to need to find your version of an Obi-Wan. Someone that you can look to for business advice and help when the waters are rough or when the skies are blue. It is good to have someone that you can go to regardless of what is going on in your business at the moment. So find someone that you admire and become their apprentice of sorts.
This is the best way to have some extra help and wisdom surrounding things that you are pretty new to. The truth is that businesses have been around for so long that we cannot reinvent the wheel. But we can learn from those who have mastered its techniques!
If you can’t find someone organically in your life (always the best choice!), then consider a coaching plan like one of my packages to come alongside you for success.
6. You May Not Make It Out of the Red Zone for Two Years
Another bright red and terrifying statement, but it is very normal for businesses to be in the red zone for the first two years. This is mainly due to the fact that they are just getting established, so their clients don’t fully know them yet. They are still working off the big chunk of money it cost to start the business in the first place, and it’s all very new.
I find that the best way to maintain a good attitude about this is by keeping in mind the next statement. “My business will ultimately succeed.” I loved this one so much I made it the topic for the last point. Keep on reading to see how much power our thoughts have and how you can harness them to become successful.
7. Your Business Will Ultimately Succeed
This idea needs to be thought about every single day and believed unequivocally. Not only is your business going to succeed, but it is also going to thrive once you become a well-established part of your community, whether that be virtually or in person.
Believing in your business is one of the most powerful things that you can do to help it succeed. This is something that I strongly believe in. What is the point of taking all of this time and energy to bet on yourself just to believe that you are not going to succeed in the end? No, thank you!
To all of you soon-to-be business owners out there, I want to say congratulations! Not only are you going to be living your dream, but you are also going to be doing it your own way. I know it can be super scary, but just know that the end result is worth the painful beginning.
The biggest thing to know for what must an entrepreneur assume when starting a business is that — No one gets abs without sweating! And business is the same.
So go out there and bet on yourself. But keep these things in mind when you do so; that way, you are more likely to succeed.
That is the power of thought! Our thoughts truly do create the world around us, so by keeping these in mind, you are seeing yourself up for success, not failure.
If you want some more tips on becoming a business owner, check out some of our informational articles that will help you as you start this journey.