The Top 3 Entrepreneurship Lessons I Have learned

The Top 3 Entrepreneurship Lessons I Have learned

The Top 3 Entrepreneurship Lessons I Have learned

Three decades ago, young people’s dreams were to become pilots, doctors, astronauts and so on. Entrepreneurship featured very low on the list if it did at all.

Today, with the rise of entrepreneurship, more and more young people are increasingly attracted to titles such as CEO, CTO, Founders etc.

While more and more people are attracted to being recognized as CEOs, one wonders if they would as well be attracted to the journey involved in getting to that title itself. There is a reason why only 7% of the population has been successful in entrepreneurship.

I studied the experiences of successful entrepreneurs in their early journeys, consulted other people, borrowed from my own experience, and finally, I realized, I have learned three key lessons throughout this process.

Three Lessons Learned So Far

First, entrepreneurship is hard, more difficult than we think or we can even handle from a general perspective. A ready mindset, a great team, a life purpose and ability to harvest some low hanging fruits (step by step achievements) is what will increase someone’s resolve and tenacity.

Secondly, we mostly see stories of entrepreneurs at their peak of success; very few people will honestly share the facts about the early stage journey to entrepreneurship. It is ugly, it is dirty, it is mental. You had better be ready if this is the path you are choosing or have chosen.

Today, when I read the book, “Small Fry” by the late Steve Jobs’ daughter, I encounter another side of Steve I never thought he had. With the internet and social media, we are learning that the suicidal rate among entrepreneurs keeps growing. So, entrepreneurship can be mentally draining.

 

Thirdly, the old school belief that people who failed at other things, school dropouts for example; were more likely to turn out into entrepreneurs that are more successful.

I completely disagree with this notion. What other people define as failing at that particular stage of these entrepreneurs’ lives, is actually not failure parse, but rather, the gift to understand themselves. The gift and power to make difficult decisions that majority of us are afraid of making, which puts them in a state where they have no option, but to go in more than 100% determination and commitment to success.

Remember that such entrepreneurs are aware that they closed those other doors or life avenues, so they do it with passion and determination you have never seen before It is more like a life purpose to them than a profession.

 

Living on Terms with your Life Purpose

With these three lessons, if you are watching this video today or reading this blog post, you have two main options for living in this world. Just two main options!
Option number one, spend the rest of your life regretting and winning about missed opportunities because you were busy doing something you don’t like; working for others for example.
Or
Option number two, work hard to understand yourself and your life purpose, and then dedicate yourself to that, which makes you live the best you can live in this world. Again, this can be entrepreneurship or work in an organization that serves what you perceive to be your life mission and you have the ability to shape how that goes, so you are happy with the periodic achievements.

As I conclude this blog/ vlog series, I have hardly recalled a conversation with colleagues at work, acquaintances, and the network of people who are 100% happy staying in their jobs! The only majority of the politicians and high ranking corporates are happy with what their professions have become, the rest majority of ordinary professionals, it is a matter of fifty-fifty… a limbo so to say!

Unfortunately, I do not have a job today, but if I had a job; I would honestly start a small side hustle. I would try to build it up slowly using a percentage of my salary and current skill set. If a time comes when the side hustle starts generating more than the salary I earn, I would consider taking an unpaid leave, study leave, or some sort of leave, for a few months to give it 100% of my time. If it works out, to hell with that job!

What are your thoughts on this topic, let us know what you think.