The first time you make a decision to really take charge and run your own business creates a sense of escape and release, as if you’ve just been set free from long captivity on a road to nowhere. I’m referring to leaving the rat race that involves having a boss looking over your shoulder. However any honest startup business owner will confess, running a startup business is a far cry from a stroll in the park. There are many extreme ups and downs to deal with.
You quickly find out you can’t do it alone Sometime’s even smart entrepreneurs get a warped sense of reality when they see the success of big business moguls and billionaire on pages of money magazines and tv shows. What they fail to realize initially is that most of those people didn’t get successful on their own. There was either a silent partner or they had the help of well connected friends, relatives, or investors. This was my mindset when I first started the road to entrepreneurship. I threw many great business ideas at the wall, but none would really stick even after spending countless hours working and telling others about my “cool” product or service. I quickly realized I was burning myself out, doing everything alone. Unless you have the ability to clone yourself with mental drive included, you’re fighting an uphill battle that will end in a hard tumble back downhill. No man’s an island, I had to get help. Lucky for me I had great friends in marketing and advertising who gave solid critique about what I might be doing wrong or need to improve in my business model. Having a creative design background, I was used to constructive criticism and getting my ideas torn apart and dissected. In those moments of criticism I felt like a child being re-educated. Sometimes you don’t know what you’re doing wrong until a fresh set of eyes give visual feedback.
Your Business Partner Can Be a Slacker or Not If you’re lucky enough to land a business partner, the road to success looks so much brighter and easier. They’re fired up and energetic just like you. Bill Gates and Paul Allen did it, now look at Microsoft. Mark Zuckerberg and his college buddies did it, now look at Facebook. So this is a slam dunk in your book, a huge huge up. However, sometimes many startup partners don’t live up to there full potential leaving you with double the workload and mental drain. Your up just turned upside down. It’s time for pep talks and reminders and get motivated speech after speech. If you’re one of those startup business owners with a slacker partner, this article Priya Nembhard wrote give some good tips how to handle a business partner not working or putting their full effort in the business.
You Don’t Get to Sleep Much You have no idea how much of your life and time gets devoured by your startup business until you fully dive into it. Of course no one is forcing you to work so hard, it’s a voluntary choice to not sleep long hours for many entrepreneurs. Personally I make it a habit to avoid the trap of overworking myself into mental oblivion. Luckily I have my wife and children to keep me grounded and remind me to take a break. However, if you’re going to get your startup to the next level, you might have to sacrifice a few extra hours of sleep in a given seven day period. For those not fully committed to turning their idea into the next big thing, know that while you sleep your competitor is up until 2am to 4am in the morning grinding away at his business goal. It’s that little extra push to avoid the sweet temptation of 8 hour sleeps why many new business owners accomplish their goals faster than others. You work more, you get more done, it’s very simple. It can be a downer in extreme cases. Do not burn yourself out, common sense will tell you, your physical body and mind must perform well to help your business activities going. Your startup is your baby, it requires nurture, care, and 100 percent commitment. Lack of sleep does turn the fun switch off sometimes, but it’s an honest and temporary part of the daily grind of a startup business owner, when success does arrive it’s one of the sweetest joys.
You Experience Long Periods of Financial and Success Drought Entrepreneurs are human and although more motivated than the average person, can experience disappointment and down moments after a while if they don’t see major business growth or financial success. Unlike most people, they tend to be their own cheerleaders, relying on inner strength, self-motivation, and the success stories of others who persevered and found success. Entrepreneurs also operate on a give it your all or none mentality. There’s no in between. You either see an idea completely through or don’t waste time pursuing it. If that idea or business is failing, they restrategize to come up with a better way to make it work. Failure is a reality, but most successful entrepreneurs acknowledge it and move on. If they fail, it’s an opportunity to learn from it and don’t make that same business mistake twice.
It’s Fun Being Your Own Boss Running your own startup business isn’t all killjoy, who says being your own boss isn’t fun. I personally enjoy working for myself, there’s a certain satisfaction in knowing I’m building something that will help people for a long time to come. Also I f I choose to keep my business and not sell it, I can pass it on to my family or children. It’s the gift that keeps on giving. I never found joy knowing that no matter how hard I worked for someone else, I could never pass my job or my legacy of that job on to my loved ones.