If business schools to teach entrepreneurship, too much time spent on writing a business plan aimed at throwing darts at venture capital firms and interest in getting a company before it is even built.
This is hardly an effective plan, because it wastes valuable time can be devoted to the business. Furthermore there is no reason for the entrepreneur to a company only to surrender to 3rd party bankers who can and will to pull the plug on the face of unrest.
Rather than behind the investors, the entrepreneur must learn about business by getting their website and diving in.
To the business and subsequent revenues in the next, there is no real reason for the business day to speak to an accountant to take or spend hours blogging about whether their businesses to sign up as an LLC or a corporation. Taking others’ advice, the last thing the entrepreneur should do.
This advice does not come from a columnist. It comes from someone who started a highly successful company that is consistently eating up market share and now has many talented employees of a studio apartment in New York City.
If the trader wants their business grow, then they should start today.Remember a long, drawn-out business plan, here’s what the entrepreneur needs – two qualities that must be rapidly acquired:
Thick skin – people are sensitive to human rejection and do their best to avoid rejection at all costs. Conversely, the business is completely immune to rejection if they have to quickly come to terms with the fact that they involve the resistance and the judgments of others every step of the road.
Although I hate the term, entrepreneurs must “them out there” and the trend by ceasing to worry about what others think or what others say. Only if the entrepreneur develop a think skin, they can successfully to run upon seeing the other side of the rainbow.
It’s great when the entrepreneur is born with it, is not required if the entrepreneur to succeed, they learn themselves insensitive to the resistance and this can be acquired over time.
Risk tolerance – in college, too many entrepreneurs have learned to focus on controlling numbers and as a result of this focus, they do not learn how the mass amounts of risk to tolerate. Managing a high degree of risk is not easy, nor is it fun, but it is needed.
Entrepreneurs, until the company completely done with the growth phase and can not grow at a fast pace, will have to live with a gut feeling that is indescribable.
Inevitably, there are certain periods in the growth of a company that excessive stress on the operator.
This company growth stages that tend to cause a large amount of stress include the transition to an office, hiring more highly paid workers that are crucial to the success of the company and also training these individuals and the entrepreneur must learn that they can not control everything.
The opportunity to step back and “let go” can not be taught anywhere. It is a feeling that the entrepreneur can make dizzy.
No matter how taxing mentality which hands control to the workers may be for the entrepreneur should be done. It has become clear to me that entrepreneurs have an excessive amount of risk tolerance to succeed.