As an entrepreneur, there are many lessons that I learned. Some of them were frustrating, and some of them were useful. This blog post shares the 13 most important lessons that I learned as an entrepreneur so you can learn from my successes and failures. Hopefully, these insights will help you be successful in your business!
1. Be patient and persistent
One of the most common phrases you’ll hear as an entrepreneur is, “It takes money to make money.” This is so true. Everyone expects you to have everything figured out at your first attempt and are quick with criticism when things don’t go right. That’s why it’s important that you keep trying until you find success. Most successful entrepreneurs will tell you that they failed multiple times before their businesses took off! Work hard every day on whatever project inspires YOU the most because even though this business may not be lucrative, what really matters in life is doing something that makes a difference for others.
2. Don’t be afraid to ask for help
As an entrepreneur, you are often in a position where there is little room for error. This means that your business will succeed or fail, depending on the decisions you make. This kind of responsibility can be overwhelming and stressful, which leads to making bad choices due to inexperience. The best way to avoid this mistake is by asking others who have been successful entrepreneurs what they would do if they were in your shoes! If it’s within their capabilities, ask them for help with specific tasks or projects so that you learn from someone else’s experience instead of having to figure things out yourself when it may already be too late.
3. Know your strengths and weaknesses
One of the biggest mistakes that entrepreneurs make is to try and do everything themselves. You can always outsource tasks or hire a temporary employee if you find yourself in over your head. This will allow you to focus on what you are good at, which makes it more likely for your business venture to succeed! Don’t be afraid of hiring someone else when they have needed skills because not only could this help save time but money as well. When outsourcing, choose experienced individuals who specialize in specific fields that meet your needs instead of choosing cheap workers from developing countries where their living conditions may be unacceptable. While many people need to work two jobs just to pay the bills, don’t take advantage by using them as free labor without compensation! If something seems too good to be true, it probably is.
4. Learn from mistakes, but don’t dwell on them
For every good decision that I’ve made, there were probably three or four bad ones. It’s not always easy to learn from our own mistakes, but it is possible with time and effort! If you find yourself constantly making the same mistake over and over again, take some time out of your schedule to reflect on what went wrong so you can correct this issue in the future. This way, things won’t fall apart as easily when something unexpected arises because you will know how to deal with complex issues without even thinking about them!
5. Take risks — there is no reward without risk
Risk-taking is a part of life. Some risks may not be worth it, and others will go on to change your future forever, so you need to know the difference! One way that I learned about risks was through gambling at casinos or sports betting with friends. When you win big, this teaches valuable lessons because even though luck played a role in your success, preparation and skill can lead to more opportunities as well. Don’t limit yourself by believing that only those who take major risks are successful — minor ones still count towards an upward trend if done correctly!
6. Stay focused on the big picture
It’s easy to get distracted by the little things in life because they are often more readily apparent than their larger counterparts. These distractions can include anything from a new cell phone or video game system all the way up to an expensive night out with friends! When you have a business venture going on at the same time, however, these activities become harder and harder to justify, which is why it’s so important not to lose sight of your goals even when life gets busy. You don’t want to regret holding you back later on down the line, as this will only inhibit future growth potential! Keep reminding yourself that success doesn’t happen overnight — most entrepreneurs see major changes after years of hard work and dedication.
7. Be mindful of how you spend your time
The average person spends over four hours of their day watching television while another two and a half are spent on the computer. While both can be used to your advantage, it is important not to let these devices control you instead! If you find yourself getting more stressed out or anxious when in front of either one for an extended period of time, step away from them so that you don’t get sucked into a black hole of endless entertainment that won’t do anything productive for your budding business venture. When I did this myself, I was surprised by how much free time I had left after cutting down my usage almost completely — if only I realized this earlier!
8. Always be learning and expanding your knowledge base
When you work at a job, your employer is paying for the services that you provide to them. In an entrepreneurial position, however, this isn’t always the case because many times, it’s up to you to make sure that all of your bases are covered in terms of skill sets and education. For instance, I had no idea how much went into running a business until I started my own — everything from simple bookkeeping tasks or creating contracts with suppliers can eat away hours upon hours if not done correctly! This is why it’s so important to continue learning new things on a regular basis so when something unexpected arises during office hours; you aren’t left scrambling around trying desperately. Just figure out what steps need to be taken next. You have one life — don’t waste it!
9. Believe in yourself enough to ask for help when needed
The most important thing you have in your tool belt will always be yourself. No matter how much experience or knowledge someone else has, they can’t do anything for you if you aren’t willing to take the first step. This means that when something is too difficult for me to handle on my own, I’ll ask a close friend who knows what they are doing to lend their expertise, so I don’t feel completely lost! One of my favorite quotes from Mickie Mouse sums this up perfectly — “if you never try, then you’ll never know!” You may not get it right every time, but at least through trial and error, all of your bases will eventually be covered along with enough confidence in yourself that next time around, success won’t be too far away.
10. Stay true to your values and don’t compromise them for anyone
We all have a set of values we’ve grown up with, which help to mold us into the person we are today. You can’t really know who you truly want to be until these personal morals and beliefs work themselves out over time — but once they do, it’s important not to betray them in any way! I used to think that my upbringing was holding me back from reaching my full potential as an entrepreneur because some of those around me insisted on telling me how wrong everything about what I wanted to accomplish was. After taking a step back, however, I realized that this wasn’t true at all, and instead, their suggestions were based more on fear than anything else (fear of change or failure). Don’t let anyone make you feel like your goals are out of reach or impossible to achieve — if they do, then it’s time to find new people in life who will be on your side moving forward!
##11. Find a way to work with people who are smarter than you are
This is one of the most important lessons I’ve learned as an entrepreneur by far. While it’s great to surround yourself with people who do what you want to accomplish, there will always be that time when someone comes along or brings up a new idea that makes your mouth drop (and not in a good way either). This doesn’t mean that they’re trying to hold you back — it just means that instead of seeing this person as competition, perhaps working together would be a more fruitful endeavor! If everyone on a team had their own ideas and did things strictly how they saw fit, nothing ever gets accomplished because progress halts at every turn. Don’t let pride get in the way of success — keep your mind open to new possibilities, and you may be surprised at what people are capable of!
12. Stay humble and always remember where you came from
I grew up in a small town filled with people who knew exactly what it took to make ends meet. Some of them had no choice but to work two or even three jobs just so they could pay the rent on time each month — I know because my mom was one of those people long before she met my father. While this isn’t an easy life, there is something that comes along which makes all of the hard times worth every second: knowing that you’re doing your best for not only yourself but also your family! It doesn’t matter how old we get; as humans, we will always need support from our loved ones during difficult periods throughout our lives. That’s why staying humble by never forgetting where you came from and who helped to get you is so important. You can’t always see it when times are tough, but if we never take a step back and acknowledge how far we’ve come, then we’ll never realize what it truly means to be successful!
13. Be grateful for everything you have and never take it for granted!
When I was a child, my family didn’t have much at all, which is why being thankful has always been such an important part of who I am today. We may have only had the necessities, but even those were earned through hard work and determination because we rarely received anything without having to ask first (or fight). These days, however, there’s no need to worry about going hungry or not getting any new clothes this season — so make sure that your gratitude doesn’t wane as time goes on! You can start by showing appreciation towards others whenever possible, whether it be buying someone their favorite coffee drink from Starbucks or simply thanking them for doing something nice instead of taking it for granted. The happier you are at any given moment, the better your life will be overall!
Don’t let anyone make you feel like your goals are out of reach or impossible to achieve — if they do, then it’s time to find new people in life who will be on your side moving forward!