Entrepreneurs are so eager to see and be a part of the bigger picture. The end goal and outcome, or the initial drive for success that comes from a new idea or business venture, is what fuels their ambition.
Although known for many things such as making creative business decisions and acting independently, an entrepreneur is most infamous for his or her willingness to try and fail until successful.
What’s the difference in those who try and succeed, versus those who try and fail? Choosing to learn from his or her mistakes, and gain constant experience.
The 3 most common mistakes are below, and are the most easily masked and forgotten about by entrepreneurs. Make sure to remember and avoid these same mistakes.
1. You don’t have a plan.
You must have a goal, a focus, and a vision. Building a business is a climb; create a business plan and a clear roadmap to success, and take it one step at a time. Each step is essential to success; all should be completed and in their proper order of importance. Take apart your entire vision and determine exactly what your goals are and what each entails.
No matter small or large, long or short, write them all down. Rank them by value. Once your steps have been determined, associate an expected timeline with each. Fill in a calendar with all goals and form “deadlines” to ensure you will accomplish your end vision within the desired time period.
2. You took on too much at once.
Start small. Focus on quality, not quantity. This will be so important in the long run. You are establishing a name and credibility in the industry. You are forming a process and a way of doing things. Don’t make the mistake of taking on too many tasks, as it can lead to poor results and more than likely a loss of clients.
Part of entrepreneurship is learning and gaining experience as you go… the same with any career path, really. The difference is having the ability to delegate work to others—aka outsourcing. Over time, outsourcing work to the same subcontractors multiple times, will allow these individuals to learn and perfect the process you have established; the quality of work will be up to your expectations, always, and it will no longer be up to you to complete all of the work alone.
3. You gave up too quickly.
You can’t expect overnight success; it is unrealistic to do so, and when it doesn’t happen overnight, you become all the more disappointed and discouraged. Good things come to those who work for them, and this is very much true in entrepreneurship.
When you find yourself in a slump, seek help and ask for guidance, rewrite or change your plan and goals, and learn to keep moving.
You must be willing to adapt, to try, and to fail… not once or twice, but many times. Becoming and being an entrepreneur takes bravery, ambition, and motivation. Not every day will be easy; sometimes you have to remind yourself of your vision. Remind yourself of what you knew this venture would take. Work hard; it will be worth it.