6 powerful lessons I learned when I started entrepreneurship
Half a dozen things to remember after swapping my corporate job for the messy, fulfilling and exciting world of entrepreneurship.
June 4, 2021
5 minutes to read
Opinions expressed by Contractor the contributors are theirs.
In October 2020, I left the security of a high paying executive job for the unknown and exciting world of entrepreneurship. I still remember my mother’s shocked expression when I informed her that even though we were in the middle of a global pandemic and I had a second baby on the way, I was going to chase a whole girl’s dream. life of going alone.
The way I saw it was that I had been preparing for this moment for 16 years. When I finished college, I took the traditional route and accepted a job with a successful global consulting organization, although I had the opportunity to go it alone. “I need more experience,” I offered as an excuse year after year as I climbed the corporate ladder and ignored this call into the unknown. The older I got, the stronger it was – so strong in the end that I had to act. After hiring the services of a trainer and clarifying what I was excited about, I set a stopwatch for 365 days and then started working backwards on what was needed to set up what became the high performance training. As of this writing, just over seven months after starting this journey, I wanted to share with you some of the greatest things I have learned from stepping through the comfort and security of a corporate job. to the messy, fulfilling and exciting world of entrepreneurship.
Related: Recent issues of Entrepreneur’s Startups Magazine
Cultivate an unstoppable mindset
I have an alarm on my phone that rings every morning and reminds me: “If you need encouragement, then don’t become an entrepreneur”. These are words taken from one of my idols, Elon Musk. The truth, however, is that I do need encouragement, but it’s coming from me – an inner voice that says, “I don’t know where we are going, but we have to keep moving forward.” Developing this unstoppable mindset has been essential in overcoming the challenges associated with starting a business and generating income.
Become insanely good at key skills
Sure, you can delegate, but chances are that at first you won’t have the money, and in my opinion, you shouldn’t delegate the things that really make a difference in your business, which for any start-up. successful include sales and marketing. I have become religious about increasing mastery of these key skills, and have recently learned a lot about them, although I already have experience with both. I’ve invested in books, courses, and mentors, and it’s all starting to pay off.
Related: 5 Essential Skills Required To Succeed As An Entrepreneur
Build strong habits
Consistency is the key, and 80% of success just shows up. You need to create habits that help you show up at your desk, make those calls, compose those emails, and go through this product offering day in and day out until you get the right answer. I have found that building good habits takes the mind off of performing tasks that might otherwise become mundane after a while. For me, every day begins the same way – between 6:00 a.m. and 6:30 a.m. – with building my pipeline on social media. After dropping the kids off at school, I work on all the projects that will make the needle move the most, which are often the most creative and find the most difficult to achieve. I have gotten into the habit of prioritizing the most difficult but most important tasks first.
Be part of a strong community of like-minded people
One of the biggest investments I made early in my entrepreneurial journey was to invest in myself and my business by joining a business accelerator program run by Dent Global. It gave me access to training, mentorship and most importantly a community of like-minded people with whom I can share wins and failures. I cannot express enough the power of community when you are alone trying to make a mark in the world. To me, community is the glue that binds all of these other recommendations together.
Protect the drop
A friend and fellow entrepreneur gave me essential advice at the start of my entrepreneurial process. It was about a year between deciding to go on my own and quitting a full-time job, and the wisdom imparted to me was first to be in the best health of my life, to reduce my financial debts, to work on building up savings to cover personal expenses for a year, and finally, to make sure I had the right insurance in the event of an incident.
Related: How To Protect Your Personal Finances From Business Risks
Find the support of a strong partner
Without this last component, I think most would be lost. My wife has been a constant source of encouragement, advice and creative contribution. The support of a spouse, partner, family member or great friend is a factor that comes up over and over again when I speak with successful entrepreneurs. Having someone to pick you up when you’re down and help you see things in a new light is essential to any business trip.
I sincerely believe that there has never been a better time to be an entrepreneur, and I strongly encourage anyone with an interest or passion in making an impact on their own terms to at least give it a try.