Nowadays startup wave is showing lot of traction in the youth. Do they have right vision about their startup concept? Are they really serious about doing business in long term? Is it really a dream or just a fascination?
Many aspirational youngsters want to gear up for their own startup but very few actually ended up in building their startup successfully. So what actually stop others to become successful?
The most important factor is going to influence your entrepreneurial success is the ‘Right Mindset’. It is not always existent in you by default. You have to successfully surpass through lot of hurdles to build this ‘Right Mindset’. We are going discuss few hurdles here.
It is very important that how you are introspecting yourself. People used to take lot of positivity injections from Social Media but those injections are going to last for few minutes or days only. You have to be very critical and ask very challenging questions to yourself. Normally as human being we are used to run away from such questions inherently but we have to actually face such questions and try to answer them. If you can be brutally honest with yourself, you will realise that you have lot of limiting beliefs. Limiting beliefs means you have set thoughts, perspectives about your capabilities, business ideas, its marketing, sales or everything around your business idea. But have you ever gone beyond these thoughts and perspectives?
When you have a limiting belief like ”I’m not good at selling or I’m not good at working under stressful conditions” then you are restricting yourself to learn new skills. If such limiting beliefs are obstacles in your way to become successful entrepreneur then you should start learning and developing such skill-sets on priority. You have to keep some patience to learn and implement such skill-sets in building your dream.
Neither gut feeling nor philosophies:
Generally our gut feelings are based on our emotions. Our philosophies are based on grooming in our childhood. Our gut feelings and philosophies are trustworthy enough but these may not work in business decisions. Business decisions should be based on the current data driven analytics. Generally people have tendency to reach to decisions as early as possible but it doesn’t work in the business. You should not be impulsive or emotional in taking any business decisions.
Many times aspiring businessmen are so attached with their business concept that they couldn’t see any fall side or couldn’t think critically or couldn’t go beyond the existing possibilities. They are stuck either with their philosophies or gut feelings, which may hamper themselves to become successful entrepreneur.
When children are going through with their schooling, graduation or post graduation, they might not have faced any failures or they might be doing excellent throughout their education. They have got the best job also. Such children couldn’t cope up with the failures, which they might face in starting up a business. They have a natural tendency to become successful as per their past experience so they couldn’t accept their failures. When you think of any business to build, you should be ready and keep yourself open to face the failures. Adversities in life makes person more seasoned professional and extra strong to face any situation in personal life and business.
Recently COVID Pandemic has given us lot learning that how to survive & grow in such situations. Many of us have seen many examples in these days. We have seen people closing their businesses and seen people have survived and thrived in such situation. Such situations give you lot of Anger, Anxiety, Helplessness but results are dependent on how you respond to it. Innovation, Change in offerings, Product skimming and many more options are available to make this happen. It is always dependent on you as a businessmen that how you face adversities.
Romancing with success:
Life is always like roller coaster ride. It takes up sometimes or it takes downward in the life process. When you go up in any phase of life and you get distracted with some praise or any other attractions; you get stuck into that moment. You’re feeling overwhelmed and you start romancing with your success. It’s good to cherish your success for sure but you should not get stuck there. Every moment in life is different and gives different experience so you should be aware, alert and focused in every moment of your life. It is very important in the professional life, when you’re building your startup or have taken off to grow in the business.
Normally you set a particular goal as well as a plan few milestones in-between to verify our path to reach to that goal. Being successful in achieving set milestones is also important to achieve the final goal. When you are striving hard to achieve these milestones, you start becoming successful in few steps towards set milestone. As you become successful in small step, you may stay at that point in expectation of some praise or you just wait to feel happy. Once you get some appreciation, you may get into comfort zone and would select to stay for some more time. Here me might make a mistake of staying in that comfort zone. As you start romancing with your success, it becomes difficult to strive for next milestone.
If you’re facing such hurdles and wish to get a help to come out of such situation, let us know. We will help you for sure.
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