More often than not, you’ll find success as an entrepreneur simply by being resilient. Wayne Gretzky said that you miss all the shots that you don’t take. Don’t let adversity get in the way of a good idea. Getting through a tough time is a matter of grit and believing the right things. Here are a few beliefs that can form the mental foundation of a resilient entrepreneur.
You Will Fail Occasionally
Failure is inevitable, whether you’re an entrepreneur or not. Sometimes it’ll be your fault, sometimes it won’t, but it’ll come. The practical cost will vary with the severity of the failure, and except for the worst ones, most start-ups will survive them. The problem then is working through the mental cost.
Failure can be jarring. You’ll question everything, from your methods to your audience. Did you do something wrong? Is this really as far as you can go? How could you fail?
It’s important to not get stuck on those questions. Once you answer them, move on. Accepting the inevitability of failure will ready you for it emotionally. On a practical level, it’ll also get you into the habit of making backup plans. Being aware of failure keeps you on your toes.
You Can Do It
Whether you believe you can or you can’t, you’re right. You’re going to hear a lot of people telling you, directly and indirectly, that you can’t do it. You’ll hear them telling you to stop wasting time and go do something that will actually work. What other people think is their business. In this case, what you think is important.
You must believe you’ll succeed as an entrepreneur. It may not be with this start-up, but you have to belief that all your efforts will eventually add up to a win. Believe in yourself.
You are Free
Doing what you love and making money off it is the preferred way of life because whoever does that is essentially free. Making money at a terrible job isn’t worth it for many people. That’s likely why you decided to become an entrepreneur — you had an idea and you wanted to make money.
This belief is important, as it makes every day as an entrepreneur worth it. Profit will come sooner or later, but you may lose heart before then. If every day you spend at the office is a day you’re free, you’ll never quit.
It’s OK to Be Wrong
The fear of being wrong is especially crippling for an entrepreneur. You’re offering something new, possibly something that’s never been seen before. There are no signposts, no guides that can tell you whether you’re doing the right thing or if you’re throwing your life savings away.
You can’t be afraid of being wrong if you want your start-up to make it. Risks will need to be taken, new ideas with no precedent will need application. Don’t let fear keep you from being a trendsetter and trailblazer.
There’s Always Room for Improvement
You may get some early success as an entrepreneur, far earlier than you expected. That’s all well and good, but don’t rest on your laurels. Your competitors are watching you and waiting for you to make your first mistake while simultaneously improving themselves and their products. As soon as you get lazy, another product will eventually come by and take over your weakened position.
No matter how well you’re doing, there’s always room for improvement. Keep studying. Listen to your target demographic and find out what they want from you and your product. Change things accordingly. You’ll never get bored and you’ll always be on the top of your game.
It’s Going to Take Time
Entrepreneurship isn’t the path for people who want to get things done fast. It’s a marathon, one that requires people to stick to the end for it to pay off. Your business isn’t going to grow in the first week, or maybe not even in the first few months. It’s going to feel like you’re doing something wrong until things start going right.
Believing and knowing that it’s going to take time for things to come together is important if you want to be a resilient entrepreneur. Being impatient and thinking you’re doing something wrong because you didn’t achieve overnight success makes you emotionally and mentally vulnerable to failures and even slow days.
Success as an entrepreneur requires resilience. You can’t fold when things go wrong; you need to get tough, and the kind of toughness that counts here is on the inside. You must believe the right things. If you do, nothing can stop you from making a successful start-up.