It’s no secret that anyone who plans to launch a new company or venture needs to be fully committed to it, especially during the early months, days and years. What you might not realize after you’ve uttered the words “I’m starting a business” and begin taking steps to make it happen, is the incredible amount of commitment that’s required.
Yes, in the beginning, your new venture will take up much more of your time than you ever thought possible. As has been proclaimed on more than one occasion, what separates many unsuccessful people from successful ones is taking action. That said, most people who start ventures are fully invested in them from the start. Your new business requires lots of time and energy, but that’s okay because it’s something you have to do. It’s an idea that you need to bring to fruition.
Argentinian entrepreneur Silvina Moschini, known on her social platforms as MissInternet, founded social media agency Intuit, serves as president of TransparentBusiness and KMGi Group and created Yandiki – Creative Talent in the Cloud provides some insight about the entrepreneurial life on her company blog.
“Being an entrepreneur is tough,” she writes, “not only because it requires talent and intelligence, but also because it requires determination, tons of energy, and sacrifices. From one moment to another, everything depends on you – if you don’t address situations, you lose your clients. You also have the responsibility towards many people who had faith in the project.”
In recent years, there’s been a significant move toward entrepreneurship. In part it’s due to necessity, as company layoffs have forced some people to begin pursuing their business ownership dreams sooner than later. In other cases, it’s because some perceive it as a calling. At other times it’s because someone with a great idea and tons of tenacity has developed a product or service that effectively addresses a pain point in the marketplace.
Today, many entrepreneurs are enjoying substantial success and some are even being hailed as business heroes. Many company owners say, though, that the challenges are many and that the savvy aspiring entrepreneur is wise to consider all the factors before making such a leap.
“In this day and age, it’s easy to get swayed by the glamour of being an entrepreneur,” writes Sanna Vohra, founder, and CEO of The Wedding Brigade, which provides planning services, products and more for couples planning Indian weddings. “In fact, people even romanticize grinding away in a small office for a couple of years before magically seeing that hockey stick growth and becoming successful beyond their wildest dreams This does happen, but only to 0.1% of the 5% of companies that actually make it past the first three years. For the other 4.9%, the grind NEVER ends, and there is always a higher mountain to climb when you reach a summit. Unless you are the kind of person that thrives on unrelenting challenges, uncertainties, and tremendous pressure, think twice before diving!”
One thing that attracts many people to entrepreneurship is the idea of the variety. Many new business owners find it easy to be fully invested in what they’re doing because they wouldn’t want to do anything else. The possibility of each day is an adventure, along with the potential to grow revenue, which is what gets many business leaders up in the morning.
Zack Creed, a professional golfer, instructor and golf entrepreneur in the Oakville area of Toronto, says it’s fun to be committed when each day brings new activities and challenges.
“There is nothing typical about it, especially when you’re setting up a new business,” he says. “On one day, for example, my day started with reviewing website designs and progress with my father, who’s also an entrepreneur. Then, I checked an apparel order, sent emails to various vendors, and afterward had to get across town to select and purchase some items. Later in the day, I continued to develop my social media plan and checked progress on some ongoing construction.”
Zack Creed added that the excitement and pace of his life make entrepreneurship enjoyable for him. As he notes, it might not be for everyone, but if you thrive on hard work and variety while on the road to success, it keeps life interesting, and one hopes, will eventually result in profit.