Do you want to know all the keys to being a successful entrepreneur?
The year 2020 came along to change everything, it turned everyone’s life upside down and forced us to change the way we understand life, both personally and professionally. Millions of people around the world became unemployed and many others were forced to move all their work home, reducing their workspace to a small room or a corner in the living room. However, for those people who lost their jobs and the Internet did not allow them to Entrepreneur continue developing their professional activities from a distance, life became much more difficult and they were forced to rethink their future and start a new path from scratch.
And although in a world without Covid-19 the idea of creating your own business and venturing to create everything on your own and not depend on anyone else was already a very complex project and not everyone was brave enough to carry it out, after the pandemic that fear of risk has faded and more and more people believe that being their bosses is the best and only alternative for the future right now. The pandemic has meant that everything we thought was secure has ceased to be so and that the job of a lifetime, whether it was a family business or a permanent position in a prestigious factory, has ended, leaving us with no income and the uncertainty of not knowing what will happen the following month.
However, although many people are clear about the idea of entrepreneurship and have a good idea to do so, they do not know how to put all these ideas into practice and create an effective business project that in the long term can give them economic stability and a peaceful future for their family. The insecurity of not knowing if the idea you have in mind, together with the lack of professional advice and a business guide that will show you the best way to make your entrepreneurial project work, makes more than half of future entrepreneurs fail or not even try.
For all these reasons, and intending to serve as a guide to all the people who are thinking of starting a business and betting on their ideas, we are going to explain the three best tips that according to the real estate magnate and prestigious investor Emma Madison, any person who wants to be their boss should follow to be able to do it correctly and with all the guarantees of success. Insecurity, lack of external support, not knowing all the available options, or simply not knowing what is the first step you have to take, are some of the many things, Entrepreneurthat we will help you solve below.
The keys to becoming an Entrepreneur in difficult times
Don’t be afraid of being criticized: Trust your instincts
As Madison explains, one of the first obstacles we will have to deal with is criticism, the prejudices that many people around us, especially those closest to us, will have about our plans, and that will possibly make us feel more insecure. “The best time to create your business is just the moment you think of it because once you come across that thought and believe in it with all your strength, every step you take forward-thinking about your project will bring you a little closer to your goal,” says Madison, and the truth is that there is nothing more powerful than an idea making sense in our head and our heart.
Most entrepreneurs will have to deal daily with comments that question their projects and make them feel like real failures. “Invest your time and money in something really useful”, is one of the statements you will hear most often on your way to success. But why should others be right and not me? If you believe you can do it and you feel that you are passionate about what you are doing, go for it and forget about external comments.
Emma Madison also had to fight against the prejudices of friends and colleagues who wanted to intimidate her illusion and who wanted to see her fail in her attempt to become a successful woman, however, they could not and today she is one of the most influential women in the world of investments and the real estate industry. Could she have made it if she had listened to everyone who told her it was a bad idea? No, she would have stayed with the life she was, Entrepreneur leading, and would never have known the satisfaction that comes from taking a risk for what you are passionate about and making all your dreams come true.
Now, just because you have a good idea and a great desire to put it into action does not mean that you have to act hastily and without consulting your plans with people who can help you. And although we want to do everything alone, we do not have to do everything without help and if we want to succeed we will need the advice of real experts in the field to provide us with their point of view and advice.
With this Madison is telling us that to achieve our dream we do not have to refuse to listen to the opinion of others but learn to distinguish the good advice from mere criticism. Listening to those who want to help us will always make us wiser and bring us closer to our goal of entrepreneurship, do not forget it.
Want to turn your side hustle into your job? First, put it to the test.
More than 60% of people who are thinking of becoming entrepreneurs and creating their own business do it from one of their side hustles, more commonly known as hobbies that we only do because we like them and not because they provide us with some kind of economic benefit.
For example, many people have spent half their lives painting pictures or making ceramic pieces in their homes that they only show or give to their family and friends, but at some point in their lives and after verifying that what they do is liked by a wide audience, they decide to turn it into something more than a hobby: they decide to bet on their passion and turn it into their main source of income. Now then, is any secondary activity valid to become our project for the future? No, first you have to test its effectiveness within a small investment group and then assess whether taking a risk with that idea is feasible or not.
Madison knows a lot about this since she wanted to transform her business idea into an Entrepreneur something much bigger in a fast and risky way, which led her to invest a lot of money in something that needed more time to start giving benefits. The result was a year full of losses and disappointments, but it also taught her that not all business ideas develop in the same way, even if they have the same strength in our hearts, because the business world goes beyond emotions and investments require the hand of a professional to Entrepreneurguide us in every step we take.
Therefore, Emma’s advice to those who are now reading this article is to take it easy with your business project. There are great companies that needed more time than usual to succeed, which does not mean that they did it wrong, but that everything that surrounded that project from the beginning needed greater development and at a slower pace to be able to have the desired success.
The best thing you can do if you want to transform your hobby into your job is to show it to a small number of investors so that they can assess its effectiveness in the market in the short term and try to make profits little by little while you continue with your other work. Then, if luck is with you and your project is successful, you can invest in a big way and launch yourself into the adventure of entrepreneurship and being your boss.
Put passion into everything you set out to do
The last piece of advice Emma Madison has for us, and perhaps this is the most important and the one we should never forget, is to put passion into everything we do. “If you are going to do something and you want other people to invest in it, first show them that your interests in that business go beyond the numbers and the profits. In other words, if you want to convince someone to invest in your company, you will have to show them that you are passionate about, Entrepreneur what you do and that there is a compelling reason that leads you to create that business.
And that is possibly the best advice you should remember before, during, and after starting your own business: Do everything with your heart and success will come later. Because when we only do something for money it shows and those who look at us will not want to invest in an empty and heartless project, they will want to notice that the person who leads the idea believes in his ideas and is willing to do everything to make them come true.
Entrepreneurs face difficult times. Here are 12 tips that will keep them motivated
Being a business owner is not an easy course. While the media likes to glorify it, there are more downs than ups when you take this journey.
Those that power via those tough times is the ones that appear triumphant ultimately.
I lately surveyed a team of entrepreneurs and local business owners, asking them to provide their finest suggestions to remain motivated when the journey ends hard. As a result, we composed a checklist of thirty valuable pointers that I hope you take pleasure in and find worth in.
1. Keep the completion objective in mind as you develop.
In 2015 and a half, my firm has expanded 220 percent while I relocated everything from Denver to Newport Beach, got wed, and worked with many people. I assume the daily grind starts to beat you down if you’re actually in the weeds. We’re bootstrapped and lucrative given that month two; however, it hasn’t constantly been a straight road.
I frequently ask myself where we would be or what would certainly occur if I quit grinding so hard– possibly I would not always require to push myself to stay determined. I believe the only point you can do is to maintain the imagining completion objective of what you’re attempting to build. I use the crazy days as ‘temper fuel’ to press myself to kill it the following day. I’m unsure everyone can function this way, but I make use of minor annoyances as well as headaches to kick me back into gear.
Oddly sufficient, we typically flourish after minor troubles or concerns with clients. I melted the watercraft when I started this business, and I have a household to support. I am permanently motivated for a far better life for my family members, company, and workers. Take the negatives, get pissed, and press hard to ensure it doesn’t happen again. Hint: it will.”– Adam Greenbaum, Chief Executive Officer of WhiskerCloud
2. Care for yourself.
All of us require to maintain our energy barrels complete. When you have your very own organization, you might efficiently work 24/7 and never complete everything you need to do. But, if we don’t take care of ourselves– if we do not put on our oxygen masks initially– we won’t be any excellent to our company, clients, family members, or any individual else that matters in our lives. I think of my clients as human thoroughbreds. Like winning racehorses, most need good food, great rest, workout, brushing, etc. After that, we can run our superior race.”– Elene Cafasso, MCC, Enerpace, Inc. Executive Training
3. Thrive on taking on difficult situations and producing a story.
I have seen a reasonable share of challenging circumstances for many years– being near bankruptcy, getting sued, shedding sales deals, having a fantastic employee leave– and it is simple to come under a dark place. When those times occur, I remind myself of two points.
Initially, I loved being a business owner dealing with complex issues. However, challenging problems are just challenging troubles because they appear impossible first. The satisfaction from complicated problems only comes afterward once the darkest times have been passed.
Second, I advise myself that life is everything about stories. Most of the very best tales that I have in my memory are from chaotic, complicated, and dark times. So, the darkest times are the most productive for producing beautiful accounts. With those two things, I can keep my focus, remain inspired, and find an escape from the problematic scenario.”– Steve Woods, founder & CTO, Nudge.ai.
4. Fake it ’til you make it (your power).
The entrepreneur life can feel pretty lonesome and as if you’re up against the world. The one point I have listened to repeatedly is you have to stay positive, and if you need to fake your power, it’s significant to ‘fake it ’til you make it.’ What I have discovered to be unbelievably inspiring is networking and surrounding myself with positive reinforcers– supporters, if you will.
Having this Rolodex of people– despite exactly how huge or little– is an actual increase when I’m feeling in a slump. For instance, after having a tough week and not feeling as effective as I intended, I called up a fellow women business owner who has beaten me when it comes to being a ball of sound power. We met for coffee a couple of days later on, and also talking about my experience was a great relief. It was beautiful to share, have her develop me back up, and I left our coffee session feeling brilliant and like I might tackle the globe. When you border on your own with positivity as well as energized individuals, it not just improves you up psychologically, but can assist reset your inspiration right.”– Charlotte Maumus, memwris
5. Picture your success and benefits.
” I’ve been in the digital advertising space for greater than ten years now, and absolutely nothing motivates me more than attending to my family members and traveling the globe while picturing it when I go to my desk. It might seem ridiculous, yet I have pictures of my family members and desired destinations that I wish to see, along with a photo of a coastline apartment I would enjoy buying with the money I can ideally earn in the future.
Whenever I feel down and feel as if I’m not going anywhere, I always inform myself that somebody else is doing it as well as I can do the very same. And also, whenever I check out these photos, there’s something about it that enables me to imagine myself checking out that apartment I have, offering my family, or delighting in the beautiful views of the globe. So, consequently, it motivates me whenever I’m feeling down on myself throughout the day.
Being a visual person, I feel if I can see something I want while at my work desk, it can provide me that extra increase when I think I’m not doing well.”– Tom Nathaniel, LushDollar
6. Focus on your objective.
” When times are tough, and entrepreneurs are faced with misfortune, it is crucial to focus on what brings you closer to your mission. For example, at my previous business, the objective was to supply the platform that makes biomedical information valuable and valuable to everyone. So many more people would get the appropriate therapies, treatment strategies, or professional trials if we did this.
As a beginning company, there were many times Genospace was confronted with difficulties significant and minor. Losing focus can have veered us off course. However, the times we were most concentrated on our goal were the moments our team was most inspired and created one of the most development.
Among the most significant challenges for entrepreneurs is the consistent difficulty we encounter daily. Of course, significant obstacles like lacking money, new competitors, and raising funding typically obtain the headings. But the daily challenges are commonly the ones that sap inspiration one of the most.
For instance, at Pocketdoor, we are a lean team and need to choose weekly, daily, and every hr concerning what to focus on next. We try to concentrate on the most significant impact on making home renovation projects extra pleasurable for homeowners while getting rid of unneeded disappointments, hold-ups, and expense overruns. If we attack our everyday obstacles with this technique, motivation goes to its finest.”– Dan Meyer, Pocket door
7. Maintain a created order of business.
“Money is the strong incentive for any entrepreneur, however. Sometimes there are so many things taking place that the mountain of to-dos appears impossible to climb up, and it’s also straightforward to vomit your arms in exasperation and lose focus.
I always have an actual, physical list of what needs to be done on paper. At times, the list appears to grow far quicker than things can be scratched off, which is demoralizing and not a terrific incentive. Although I generally prioritize things to lead to the best organizational benefit initially, when I end up being shocked by the large volume of points that require to be done, sometimes I flip points and decide to do the quickest jobs initially. However, they may not be the essential things that cause the best rewards.
Maybe it’s just me, and however, when I can knock off 3-5 tasks in a day which checklist looks much less daunting the following day, I unexpectedly end up being re-energized.”– Dave Hermansen, CEO of Shop Coach
8. Pay attention to podcasts.
“Paying attention to the ‘How I Developed This’ podcast is just one of the very best methods I’ve discovered to restructure my thoughts and see things for what they are. It allows you to escape by paying attention to stories of how owners of major businesses encountered adversity and also overcame it. It’s a reflective suggestion that success is often defined by not giving up, which failure is a part of the procedure. Most importantly, you can pay attention to it in the car, so it does not attack your performance.”– Alan LaFrance, Lawnstarter
9. Find a similar area.
” Finding the moment to build your service, especially while functioning a routine work, is one of the hardest things. You have to be disciplined, encouraged, and keep that energy going. Among the important things, I found most motivating was to locate a team of others like myself. I’ve found out so much under knowledge and also area.”– Chloe Spilotro, CEO of Cannabis
10. Organize as well as focus on.
” I have stayed in business for one decade as well as have had my ups as well as downs. It is very challenging when you are running biz when difficulty strikes. I handled to keep my company up via a separation and organization partner split at the same time; however, one of the most recent was my ex-fiancée was and also is psychological ill, he broke short our engagement and also I had a dreadful carry on top of it. So here is what I did:
Clenched fist, I concentrated on enjoyable clients– I enjoy tasks all of the moment, and everyone I promote is a specific niche and incredible. Then, I developed a to-do list– I have a notebook at all times– there is something regarding creating a list and crossing things off (Even if they are minor) that is quite efficient and alleviates your mind. Lastly, I maintained a checklist of three items I needed to do per day that caused positive growth.”– Michele Smith, CEO of M Communications Inc.
11. Trust the process and also put in the work.
“We were deep in the trenches each day constructing an item that ought to’ve taken less than 60 days. But, ultimately, it stretched out to practically nine months and involved finding brand-new team members multiple times.
I seriously considered quitting greater than as soon as something inside me (probably the sunk cost fallacy) kept me going.
Looking back, it wasn’t a hack or a technique that maintained me going and also influenced me. That would’ve behaved however it wasn’t what benefited me.
Let me backtrack. This isn’t my first service. Throughout the years, I have encountered several difficulties.
Our client base had not expanded fast enough, we could not obtain sufficient search traffic, or our advertisements weren’t transforming.
Via all of it, we just did something– we trusted in our procedures.
We would undoubtedly awaken every early morning and also put in the job. Every evening we trusted what we did would undoubtedly generate results.
Action results in inspiration– not the other way around.
When you’re feeling down or the globe is out your side, place your head down and out in the job. Gradually yet certainly, it’ll begin to repay.”– Daniel Ndukwu, Creator and also CEO of KyLeads
12. Weather condition through ‘down’ days proficiently.
” Having the ability to remain inspired is essential, but I think all of us have days (even weeks) when we can’t get encouraged, and that’s unavoidable. Due to that, it’s even more essential for entrepreneurs to weather through these “down” days proficiently even while not being motivated.
So, what I do to weather these ‘down’ times is dedicated to a process rather than a result. What I mean by that is, as opposed to allowing the prospect of accomplishing ‘wins’ to motivate me– like closing a sale– I dedicate myself to ending up a specific number of tasks that day– like sending ten cold emails. This has assisted me significantly over the years, since throughout the ‘down’ times, every little thing is stark, and it’s tough to see success, but it’s pretty effortless to get myself to send out ten emails. I get a ‘reward’ from my mind for finishing these tasks, and I call it a day to kick back and sidetrack myself with various other points in my life. Also, on the worst days, I still commit to finishing at least one job, as well as with time, the result of completing these tasks adds up to meaningful results.
I’m going through something like this right now, where I’m attempting to close some collaboration handles tourism boards. It’s not going exceptionally well as the tourism boards stay cautious of working with a person they have never dealt with before, yet I’m forcing myself to send three brand-new emails each day. In my last service– which we grew to $1.3 M annually in profits– I exercised this constantly. We lost one of our crucial distribution companions among the bleakest times. I devoted myself to walking the city and speak with eight cafes daily to subscribe a replacement.”– Steve Long, co-founder, The Traveling Brief
“Success is not final; failure is not fatal: it is the courage to continue that counts.” – Winston Churchill
“Business opportunities are like buses, there’s always another one coming.” – Richard Branson
“Every problem is a gift—without problems we would not grow.” – Anthony Robbins