So when we have doubts as to whether we have what it takes to make it, we simply need to look inside ourselves. As a coach working with other entrepreneurs I see that all businesses go through growing phases, there will always be times when things look doubtful. Few businesses are overnight successes. It takes hard work and lots of marketing to get things started and going strong. Growing pains can really take their toll on new business owners or even intermediate ones.
They can make us want to throw in the towel, and some do. But if we can get back the motivation that made us determined to start our businesses in the first place, we can tough it out and come out on top. However, even the greatest business model cannot deliver extraordinary returns without an exceptional team at the helm. In this post, we will delve into what makes an entrepreneur, an entrepreneur : determination. Image credit: Shutterstock. I mean, those are just the basic facts. It will certainly stress you out.
So I think you have to be pretty driven to make it happen. Otherwise, you will just make yourself miserable. Image credit: Business Insider. At Kae Capital, we see determination as being critically important, which is why an entire section of our due diligence checklist Yes, there does exist such a checklist!
But, do we really understand what determination truly stands for? Allow me to take you through what we at Kae Capital like to look for, with some real-world examples. This is the side of determination which most people understand, at least in principle. Get stories of change makers and innovators from the startup ecosystem in your inbox. Harvill interviewed particularly successful salespeople in order to understand what is their cause to success.
He describes all of those causes in the book in detail, but there's one that is common to all of them and that is self-discipline. He wrote: "I must say that there's nothing, not personal charm, not talent or innate wisdom, that can substitute persistence and following through.
Each and every one of the interviewees in this research demonstrated a strong ability to concentrate and self-control. These superstars don't dawdle on, don't postpone tasks, and don't make excuses. They're working with determination. The Entrepreneur: Determination and persistence are accompanied by energy, which pushes entrepreneurs to keep going, even when they encounter the inevitable challenges.
When an idea is original, energy and excitement continue to drive the project forward and lead it to success. Successful entrepreneurs can visualize the picture of the success in their minds, develop their ideas, and put their full efforts into it. However, sometimes, other people do not understand the entrepreneurial enthusiasm spirit.
This is where entrepreneurs' faith in their ideas and in their ability to realize them, distinguishes them from others. That's exactly what makes entrepreneurs pioneers. They don't act the way the environment expects. Kevin Systrom , one of the founders of Instagram, says that this is how he felt toward Twitter in the beginning. He thought the entrepreneurs behind Twitter were crazy. He believed that no one would use their product and wondered who needed such a social network.
The entrepreneurs behind Twitter went on with their dream, and the site became a popular social network with hundreds of millions of users. Every project requires investing energy and resources.
When a project fails, entrepreneurs must understand and accept failure , but at the same time, know that it does not necessarily mean that they themselves are a failure. Projects can fail, and statistics even show that the rate of success is not as high as it sometimes seems to be.
Entrepreneurs who can identify what caused the failure, figure how to fix it as well as improve and make changes, will likely overcome problems and proceed. Sometimes it seems like everyone around us is successful while only our project fails, but this is not true. It is just that people prefer sharing their successes while minimizing failure. However, before successful results, most entrepreneurs experience failure.
Accomplishment comes from a lot of persistence and determination.
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