All around the world there is a sense that becoming an entrepreneur is the ultimate adventure, that working all your life for another person is obsolete and that you should take control of your future; of course this sounds great, but the reality is often overshadowed by idealism. Nowadays we are lucky that a good economic environment, pro-entrepreneurship policies, and a completely different mindset from the one we had 20 years ago facilitate entrepreneurship.
For today’s risk takers, the prevalent word is meaning, doing things with meaning or purpose is more important than a successful career. The meaningful movement has empowered many young entrepreneurs to try out their luck in the business world, most will lose and that is to be expected, the fact is that it is not easy, but having that drive to try again and again teaches that Entrepreneur how to ride the complex wave of self-employment, ultimately increasing his chances of landing a successful venture. Learning from your mistakes is the most honest and humbling experience you can have in your professional career, and it’s critical that we don’t associate it to failure, but as part of our growth experience.
This is not a call for all of us to deliberately start failing in order to learn or that there are no shortcuts to be taken in this matter, but we have to be clear that the ultimate deciding factor of whether you will be successful at your chosen line of work is your level of experience, so how can we gain it and avoid losing excessive time, money, and effort?
The quick answer, procure experience.
If you have chosen to walk the path of entrepreneurship you need to come to terms that you are not an expert at everything, you can certainly switch from one hat to the other, but in most cases you need to be able to cover multiple roles and responsibilities, and that is more complicated. The first step is to be conscious of what you are good at and compensate your weaknesses with someone else, today’s labor market is robust, you have many people who have reached the age of retirement and are looking for part-time jobs in order to keep themselves active.
Many of them have a plethora of experience in multiple areas, and the prospect of starting or helping a younger generation in a new project might be quite exiting, especially if you are willing to listen and are able to effectively transfer your meaning or purpose to them. Having the opportunity to learn from a retired accountant, lawyer, manager, or procurement agent can greatly improve your chances of survival and speed up your learning curve, especially when money is tight and every dollar needs to be maximizes to its full potential.
Think of how they can bring good practices, knowledge of what a good investment is, how to negotiate with your suppliers, what things to avoid, how to get loans, how to sell your idea to potential investors, and many of the positive recommendations.
You would be surprised how many new business owners think they have all the answers and attributes to be successful and refuse to listen, most of these ultimately go under because of their pride and idealistic goals of being self-made, so swallow that pride, invest on experience, and nurture your business and yourself.