When your #goals aren’t big enough and you are no longer sold on your own vision, the symptoms of losing interest — what many call #burnout — are experienced. Anytime you stop reaching for massive success and start settling, you will have problems.
That’s why comfort and complacency are the #entrepreneur ‘s worst enemy. Who wants average? Only those that have given up on greatness. In the U.S. today, we too often hear people say: “I just want to be comfortable.” This is very dangerous. Such a comfort mentality is what sets entrepreneurs and businesses apart. Look at all the businesses that were once great companies that settled into complacency and no longer exist.
For most people, starting a business is more than hoping to get rich. And since running a business can be very encompassing, it is important to understand why the entrepreneur is doing so in the first place. Some people want schedule flexibility to be with their children, Others want the creative freedom to develop new products and explore new ideas. Others want to make the world a better place.
Whatever the reason, the business still needs a strategy to make money. We work together to make sure your personal goals are compatible with a viable business idea. You can’t make a better mousetrap, if you are worried about paying the bills. #strategy #businessstrategy #strategicplanning
Richard Branson on Failure — the Most Dreaded F-Word
Your business’s first few years are about survival. This is the most difficult period for any company: when just getting the bills paid is a challenge because you are still developing your products or services, recruiting team members, refining pricing, creating marketing materials and attracting customers. When you’re tempted to give up, remember that it took many successful businesses years to become profitable. Some of the world’s greatest tech companies took years to capitalize on their popularity with consumers and work out their business models. If you believe in your strategy and you have a realistic plan to reach profitability, then stick with it.
All successful entrepreneurs will tell you of dark days when they questioned their decisions — use your worries to hone your strategy and your business’s direction. If you’re not seeing the results you need, it may be time to ask yourself some questions that will help you refine your plan and get your business on track.
Clayton Christensen Talks Venture Capital, Crowd Funding, And How To Measure Your Life | TechCrunch
Derek Andersen is the founder of Startup Grind, a 40-city community bringing the global startup world together while educating, inspiring, and connecting entrepreneurs.