MODERN Entrepreneur - Overcome These 6 ObstaclesPosted by Mckenzie Fernandez on May 26th, 2021 Entrepreneurship has been growing in popularity the world over. The benefits in my opinion far outweigh the cons so I've written this article to overview my personal opinions in hopes of helping others. Procrastination is just about the number one defeating tendency that cripples many will be entrepreneurs before their journey ever even begins. I've created my own top Six List to greatly help others overcome what can hinder success as a budding entrepreneur. Entrepreneurship Obstacle One: It's Easy. Its human nature to create assumptions and it's no different when an individual judges a business owner on a superficial level. They dont necessarily recognize the effort and perseverance a person may have gone through on their journey to success. Whenever we recognize an effective business lets use a restaurant for a hypothetical we immediately have a tendency to think of the obvious. We might simplify it believing if we had a good chef, great food along with a busy location presto instant success. This is looking at the potential opportunity at its most elementary level as an entrepreneur you need to learn to dig deeper into the mechanics of the operation to find out what actually helps it be tick. A great example in staying with the same hypothetical would be to think about the HR skills to acquire great people, followed by the training requirements needed than onto marketing and learning how to get people through the front door to begin with. Negotiating a lease on the commercial space required in addition to the kitchen equipment. Setting up payroll, employee benefits and more are just a number of the mechanics that make the business you're seeing successful. By understanding what it takes and what's happening behind the scenes is what sets entrepreneurs apart. Obstacle Two: Entrepreneurship is Hard. The term contradictive could be running through you mind just about now but let me explain and define what it is I'm conveying here. Entrepreneurism is similar to architecture and it does require a valiant effort and the right building blocks to really achieve great success. Writing and carrying out a properly structured business plan will undoubtedly be worth its weight in gold. Remember failing woefully to plan is likely to fail so a small business plan should never be overlooked or ignored. Achieving success comes down to executing a well-planned plan. Taking predetermined steps which will guide you through the tough times and allow one to thoroughly enjoy memories. Many will immediately dive into the exciting aspects of starting a business then become intimidated with all that's required on the backend. The reality is that it is only as difficult as you choose to make it. There have been countless successful entrepreneurs and when you have a willingness to understand and follow the correct steps you can easily find yourself among there ranks. Obstacle Three: Most New Businesses Fail The majority of the stats will indicate that an enormous amount of new business start ups will ultimately fail within the initial 5 years. True Entrepreneurs usually do not focus on such negativity if they did how many new businesses would even bother making the attempt. If you're among those fortunate enough to possess children would you ever tell them not to bother trying since they will only fail. Of course not so dont let yourself be shackled by the same short sighted limiting beliefs. Your success as well as your failures will all be considered a learning experience building on your confidence to ultimately succeed. You success will never be predetermined by some ordinary statistic that's been a common household quote regarding new businesses for many years. Always remember that the number of people succeeding will be less that the volume of people failing. Negativity travels 4 times faster than that of positivity so bad news seemingly is always recalled first and subsequently becomes an obstacle you need to mentally overcome to succeed. Your only focus ought to be on positioning yourself within the 1% of entrepreneurs who achieve success and overlook the other 99% quite simply only focus on your most desired outcome. Obstacle Four: The Risk is High. The word risk has many different meanings and you will be interpreted very differently from person to person. For example starting your personal business is not going to kill you but just how many of you even think twice about jumping in your car when driving is actually a lot more risky if we were to sit down and label it. We as entrepreneurs cannot eliminate risk it includes the territory but we do our far better minimize it through proper research and development and carrying out a business plan with the best chances of reaching the success we desire. Risk if often times mistaken as concern with the unknown. When you understand how to accomplish something you dont see much risk inside it however when you do not know it seems far too risky and may prevent you from even trying. The most effective way to lessen risk is through knowledge. The more you learn and understand the less risk you subsequently feel because your confidence in your ability to accomplish the task increases. This doesn't have to all reside on your shoulders, sometimes the easiest way forward is to mirror the actions of someone else who has recently achieved what you want. Reach out to successful entrepreneurs and make an effort to better understand the steps they took and how they got from point "A" to point "B" it's rather a very enlightening experience. Obstacle Five: I Need Large Amounts of Capital to Make it Work. This statement again is not wrong if you have been considering a traditional offline business model that requires a facility, staffing, inventory, warehousing, renovations, payroll etc. Nevertheless the game changer for most fledgling entrepreneurs has been the web and its capability to obtain global reach and recognition on minimal budgets by eliminating these traditional costs. The brand new age entrepreneur recognizes the potential of the new medium and can leverage it to huge profits that any brick and motor business would like to realize in their bottom lines. By eliminating each of the main start up costs a fresh age entrepreneur will start cultivating his or her ideas almost immediately. The internet has over 2 billion users getting together with it in order a potential marketplace its power is undeniable. Obstacle Six: Entrepreneur's Are Born Not Made. That is a statement that holds lots of people back and is incredibly self defeating even though it cannot be further from the reality. We can create a variety of excuses for ourselves and blame others successes on things such as for example being born right into a rich family, inheriting the household business or that success simply runs in their blood. No one exists an entrepreneur and the abilities that ultimately become successful can all be learned and duplicated by anyone willing to put fourth enough effort. Sure it's easier if you fall into the family business or come from wealth and I don't deny it's questionable if the people that do would even be successful to begin with in not for these circumstances. The argument could also be made that these people were able to mimic and learn entrepreneurship skills beginning with a very young age instilling the belief that they could in fact take action to. Believing shamirdebnath can to begin with is absolutely essential if you're ever likely to be truly successful within any facet of your life. The lesson here is to stop focusing on what you don't have and start focusing on what you can learn also to nourish the belief system within yourself that you can indeed accomplish anything in life you set your brain to. Conclusion To become an entrepreneur and achieve the success you wish in life is not an insurmountable goal and will be achieved by following a solid plan and obtaining quality advice from other people who have walked the same path before you. Stop letting lack of funds prevent you from dipping your toes in the entrepreneurship pool. Believe me you don't want to look back in twenty years and regret the fact that you won't ever even tried, I honestly believe that is clearly a fate worse than failure at the very least in my humble opinion.Like it? Share it! More by this author |