A good number of people want to start businesses. The truth however is that not everyone has what it takes to start one. Eventually, the proportion of those who merely wanted to be entrepreneurs will always be higher than that of the few who actually start a business.
A lot of reasons can be attributed for these failures i.e. finance, policies and much more. Yet, these reasons are not real reasons in themselves.
Now, then I will tell you the real reasons people fail and why you may not, if you do not change your mindset:
You prefer following orders
If you’re committed to being a comfortable order-taker perhaps entrepreneurship is not for you. Because, entrepreneurship is about leading while others follow. On the other hand, if you feel a twitch of desire to make some decisions and give some orders, entrepreneurship is not meant for you either.
You prefer working to fulfill someone else’s dream
Farrah Gray wrote, “Build your own dreams, or someone else will hire you to build theirs.” Which do you prefer to do?
You may be content to pour your life and hard work into someone else’s dream. And that’s fine. Many people find true fulfillment in this pursuit. It is not wrong to nurture someone else’s dream. But if you have your own dreams, perhaps you should stop working to fulfill someone else’s.
You don’t like to work hard
Entrepreneurship is about hard work. It’s about facing indecision, insecurity, instability and borderline insanity. There’s nothing really pleasant about that. Ironic as it seems, there’s a certain satisfaction in hard work. Humans are made for hard work, and hard work has its own reward. It’s cliche to say “work smart, not hard.” But here’s the rude reality: You must work smart and hard.
You get along with everyone
As it turns out, entrepreneurs aren’t the wide-grinning, back-slapping, glad-handing socialites they may seem to be. Entrepreneurs tend toward the outer fringe of social behavior and cultural norms. According to the Fortune Magazine:
Want to find the future entrepreneurs in a room full of teenagers? Look for the boys who like to break a rule from time to time.
This makes sense when you realize that entrepreneurs are the ones who disrupt industries, chafe against the status quo and spark a good revolution.
You see everything as being just fine
Elon Musk was someone who wanted to fix the world. He wasn’t content with online payment methods. That’s why he launched PayPal. He wasn’t content with the slump of space exploration. He started SpaceX. He saw a problem with the reliance on traditional methods of energy. Say hello to SolarCity, Tesla Energy, Hyperloop and Tesla Motors.
Look at the world. What do you see? No changes needed? If that’s the case, you probably don’t see a pressing need to start a business.
But if you see problems that need solving, and solutions that need inventing, consider entrepreneurship your calling.
You love to be mainstream
Entrepreneurship is counter-cultural, because contemporary society tends to discourage risk taking. We confuse protection with progress. But in moments of brutal honesty, we realize that some of life’s risk is necessary and good. The mainstream obsession with safety and security tends to diminish life of its natural and healthy risk. Jack London expressed it best, “The Proper Function of Man is to Live, Not to Exist. I Shall Not Waste My Days in Trying to Prolong Them. I Shall Use My Time.”
Entrepreneurship isn’t a you-got-it-or-you-don’t proposition. You can cultivate the qualities of entrepreneurship through sheer will, patient habit and intense desire.
Don’t let anything get in your way of living out your dream. If you want it, you can be cut out for it.
Take a look in the mirror and ask yourself What do you really want in life and what are you ready to do to get there?
Take the EntrepreneurYouNiversity study course, it’s Free and it will prepare you, not only to make smart business choices, but choices for your life.