My apologies to be late on this sequel, for I have been moving into
my coaching practice full time, after my corporate pursuit for little over 25
years. Carrying on the threads from where we left last time, most
entrepreneurial ventures begin with the feeling of fear and anxiety, and it is
natural and human to have one. In fact this feeling is responsible for most
successful ventures. Some successful entrepreneurs I have asked have admitted
with reluctance, that despite their confidence people keep hearing about, they
were the most scared lot when they made a beginning. They could only factor in
risk and mitigate it to the extent of human capability. As a coach, I believe
that some basic elements could make or mar the success of a venture;
1. Start up idea: For those who ‘follow’ others in terms of idea or
genre and believe that they would succeed too, the reality is, followers rarely
made it big. It was always the idea relevant to time that made it to the
customers.
2. Emotional build: Entrepreneurs put comforts at risk, and toy with
uncertainty, needing some metal in their hearts and mind to enjoy the camel ride.
The emotional build is although a combination of contrarian ‘soft’ emotions
like passion and belief, and some truly ‘hard’ emotions like willingness to
commit and withstand the tide. A good professional coach can come handy on this
one.
3. Focus with flexibility: The beginning with end in mind is
synchronous with law of attraction, and does propel start up entrepreneurs,
without getting bogged down by hurdles that come in way of success. Also some
sense of alterations to be made to the strategy in a non-utopian market place
may help navigate to the goals successfully.
4. Intuition: Successful businesses have strong intuition as underlying
success factor. Their stories had emerged well ahead of time, and they were
built, bought and adopted over time. This is one strong trait most successful
entrepreneurs exude.
5. Readiness: It is common to hear that people take a plunge in a mad
rush. Reality check on how many succeeded could be the benchmark of their
efficacy. Most better organized entrepreneurs would have had some preparation
or warming up while getting into a venture, ranging from genre knowledge,
industry connect, insight into customer needs, and the skill pool that get
together to make a holistic approach to markets. These have high probability of
making it to customers.
Entrepreneurship
entails uncertainty, but the thrill of creating on one’s own can be much more
fun, and fetch rewards that are self earned, and may help provide fulfillment
to those who make a serious effort towards it. Wishing the very best to all
those who wish to now make it big on their own.
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