“In every success story, you will find someone who has made a courageous decision.” –Peter F. Drucker
The most interesting thing I have recognized about myself is the habit of looking for something innovative and interesting, in almost everything surrounding me, be it in a coffee shop where I hang out daily or at the public places. Ideas seem to sprout around me like mushrooms, and the best part is that these mushrooms can earn me a lot of money. I start visualizing these possibilities from a business perspective.
Does The Same Thing Happen To You?
It’s not necessary to agree with me just because you are reading this blog. Whether or not you have such a habit, however, most of the youngsters or individuals like you have some brilliant, well not brilliant but at least a small idea that you think can lead you as an entrepreneur or quite good enough to become a successful startup.
The reason I am giving a flashback of this is to remind you about your strengths of imagination, creativity, and resourcefulness of ideas. And if these are your strengths, why you haven’t yet acted upon it? The reason is quite obvious, that you are underestimating yourself or your ideas.
Is it the case?
If yes then, this blog will surely inspire you to awake the keen entrepreneur in you.
The first thing I want to put in the picture,
“It’s Not Just About The Ideas But How To Make Them A Reality”
None of the today’s leading companies or entrepreneurs had started with the thought of “abillion dollar idea”. In fact, no idea arises as a billion dollar one. What matters is how you execute that idea and turn it into what you call- a billion dollar one.
Is it sensible to wait for things to just happen suddenly without any efforts?
Nothing can lead you to success unless and until you take an initiative to make some efforts.
Recognize the hidden source of ideas in you, find the thoughts you have been hiding in mind for so long. More than that, you must determine to implement them into reality.
Myths That Are Preventing You To Put Your Ideas into Action
Myriads of youngsters have killed their startup dreams fearing of failure. Here are top three fear factors haunting every young entrepreneur.
“There Is Quite High Competition For My Startup Plans”
You have been competing your entire life, in school for better ranks and grades, at home with siblings and at a job with colleagues. We all are habitual of competing, so what are you afraid of? When you step into the entrepreneurial world, you have to be prepared for the competition. All you need is a proper strategy and you can beat your competitor.
There are several successful businesses out there like Amazon and eBay. When eBay was first introduced, Amazon was already winning the online competition. Still, eBay is earning billions of dollars turn over today.
“My Target Audience Might Get Much Better Solution From Someone Else”
With the evolution of time, you will get new competitors and these competitors will serve better solution. This doesn’t imply that you will lose all your potential customers and will be bankrupt. You will need to upgrade your services to stay in the game. also If you provide new and better services with attractive options, your clients/customers will be loyal to you.
“My idea will soon become obsolete”
Do you know the biggest fear of human race? What if robots took over all our jobs? We all are worried about losing our work to robots but we are not noticing that robots are for our assistance and not our replacement. We still need the human expertise to train the robots.
The same thing goes in entrepreneurship; you must be scared of losing your customers because they won’t need your service or products in future. You are afraid that with time your services will be outdated. But you are not considering the fact that there is always an option to raise your services or products.
The key to winning the competition today is to serve the right balance of trend, technology, and your service.
What If My Startup Fails?
“My best advice to entrepreneurs is this: Forget about making mistakes, just do it.” -Ajaero Tony Martins
Failure is a part of our life, We all are afraid of tackling the embarrassment of failure and facing the world as a loser. Here is what Mile Ditka has to say about failure: “You are never a loser until you quit trying”
Do you know Bill Gates and Steve jobs were also afraid of failure?
In a commencement speech in 2005, Steve Jobs talked about his fear of failure in which he said his primary motivation was realizing that one day he would die. In comparison to death, failure seems nothing.
“All fear of embarrassment or failure — these things just fall away in the face of death, leaving only what is truly important.”
As per my opinion, Steve Jobs is the best example that failure should never stop you. Steve dropped out of college, decided to launch his own business, got kicked out of it, built a new company and then rejoined the former business again when it was failing.
But what if he didn’t have the courage to drop out the college or to launch his own business?
His every failure was a stepping stone to his success.
Talking about bill gates:
In his book Business @speed of thought he said:
“Once you embrace unpleasant news not as a negative but as evidence of a need for change, you aren’t defeated by it, you’re learning from it. It’s all in how you approach failures.”
Bill Gates took the software as a niche when people were most afraid of the technology. Gates founded a company at the age of 17 and named it: Traf-O-Data” the company was a huge failure but this didn’t demotivate him, he learned from this experience and created Microsoft.
In the beginning, Microsoft had faced several failures like the failed database project in 1993 and Microsoft’s TV-style Internet shows on MSN in the mid-90s. The amount of failure Bill gates has faced would have made him depressed, but instead he learned from the failures and accepted the challenges. And here he is with a company of net worth $507.5 Billion.
Read Also: Best App Ideas for Startup and Business
How To Overcome The Fear Of Failure?
“The entrepreneur is essentially a visualizer and actualizer. He can visualize something, and when he visualizes it he sees exactly how to make it happen.” – Robert L. Schwartz
The basic magic behind success is to convert your failure into your lessons. Learn from your experience and mold it into your success. Failure is the only fear factor stopping you to achieve your dreams.
Here are few simple tricks to overcome your fear of failure
What’s Your Passion?
When you follow your passion you don’t have time to fear, you want to work for the life of your dream.
Shift your perspective:
Instead of worrying about failures, think about the backups. Shift your mindset towards the journey and plan on how to bounce back at failure.
Visualize your future:
Think about your dream, visualize your success instead of failure. Wonder what you will do and how you will do once you have a successful business.
Be in the present
There is no point in over thinking about the past failures or worrying about the future outcomes. Do your best in the present.
Regrets Are Worse Than Failures
You don’t want to regret in the end days of your life about the one little risk you didn’t take.
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So, What’s Stopping You To Live The Life You Love?
“Dream big, Start small, But most of all, start.”– Simon Sinek
Awake the entrepreneur in you and keep the can-do attitude alive. Never give up on your dreams and you will be the next millionaire in your industry. All you need is a concrete strategy and a deep knowledge of your business and you can jump into the world of entrepreneurship. Don’t let the negative thoughts destroy your dream life.