29 Mar, 2021

The Reality of Entrepreneurship & How to Get Ahead

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Work Trends
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Written by
Amit Volinits

“All our dreams can come true, if we have the courage to pursue them.” -  Walt Disney

Change How You Think About Failure

Starting your own business can be daunting. The journey to becoming a prosperous business owner is not a smooth one. Elon Musk recently said “Starting a company is like eating glass and staring into the abyss.

You need to have a high pain threshold”. Why? You’re likely to encounter failure after failure before you succeed, so it’s essential to know that you can cope with the potential difficulties before trying to get your company off the ground. It’s natural to feel disheartened but you simply wouldn’t be failing if you weren’t trying something new. It’s a learning process.

Be Ready for Lifelong Learning

This is just one of the great gifts of self-employment. The path of entrepreneurship will lead you to continual growth and mental stimulation as you delve deeper into new worlds of opportunity. Being an entrepreneur has already taught you that you can start absolutely anything, whenever and wherever you want. All it takes is one conscious decision to start, then you can learn as you go. You will make mistakes and fall down but the reward from getting back up comes in the form of lessons learned, bringing this knowledge forward into every future decision. Entrepreneurship is an evolutionary progression; that is it's very nature. As your business grows and changes — and as the industry evolves — you'll have to become comfortable making adjustments in order to keep up. The better you become at letting go of control, the easier your journey will be.

Shift Your End Goal as You Go Along

Being an entrepreneur demands long hours, hard graft and sacrifices. Although this journey can lead to excellent rewards, there are no guarantees of success. There are times when things will get intense - and you may start to run out of cash. You might even feel inclined to quit. At this point, it’s time to shift up your perspective.There is always another route to take. Why did you start this journey? How can you really help people? Where are there gaps in the market? If you’re finding something difficult, is that a niche to get into to help others on the same journey? Be ready to change what your initial goal looked like as you grow and change, yourself.

Know You’re Making the Right Choices

You’ve already done all of the hard work by taking the first few steps to get yourself up and running. You have had the courage to break free from society’s 9-5 work routine. You’re one of the few who has believed in yourself enough to take your dreams out of the realm of imagination and set all the gears into motion through hard work, self-belief and dedication, to bring your ideas to life in reality. So just keep going. If you’re even further than this but feeling like your growth isn’t as rapid as you’d like then it’s time to.

Reward Those Who Are Helping You Fulfill Your Dreams

Open up the conversation with your employees. Ask them what they think could be done better in the business from the different aspects they’re working on. It’s good to gain a new point of view as this will show you how the work being done could be done more efficiently. Find out what would make them happier - whether that’s more responsibility, more trust in flexible work hours or more rewards for hard work. According to one survey, 79% of employees say that recognition makes them work harder, and 78% are more productive after being rewarded.

We make this step of the process simple, by taking the guesswork out of employee and client gifting, helping you get ahead of the game. Create your recognition dashboard here and start gifting. Just watch what a domino effect appreciation can have on your business - and how quickly you’ll be rewarded back for it.

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