Entrepreneurship is the new game and everybody is playing it!
When it comes to entrepreneurship, people have different opinions about what it is and what it requires. While some of these ideas are great, others are mere lies that should be dealt with fast enough before it limits the entrepreneur from reaching his fullest capacity. Which of these lies have you told yourself or has someone told you before?
- Am not cut out for entrepreneurship
- Owning my own business means lesser work and more time for fun
- I’d rather be building my own dreams, running my biz than exerting my energy on someone else’s dreams
- My business is part of my life
- I can’t combine running a business successfully with other responsibilities
- Am done with paid employment
- I don’t depend on salaries, I spend profit
- Everyone will love our product
These are 7 common lies entrepreneurs in times past have told themselves at one point or the other that has limited their capacity to get all they desire from life.
Without wasting more time, let’s get into these lies quickly.
1. Am not cut out for entrepreneurship
News Flash! You just told yourself a big lie, a risky one at that. The problem is that we limit an entrepreneur to someone who sets up and runs a business alone. That is nothing further from the truth. An entrepreneur is an initiator, a challenger, and a driver according to a reliable source. The entrepreneur is the person who exhibits leadership qualities and is ultimately responsible for the success of a venture which could be a company, a project of any endeavor. He is the one that takes the giant step and inspires a team to follow. He has a real passion and drives to nurture a venture to growth. Now is it only business owners that should exhibit these qualities? Of course not! Corporate entrepreneurship does exist.
2. Owning my own business means lesser work and more time for fun
I laugh in Spanish!
Whoever told you that lie has never run a successful venture because, in real life, the reverse is the case. Running a business or initiating a course requires more time, more effort, more commitment, more discipline, more expenses and more of everything you’ve got if you’re ever going to turn out well.
3. I’d rather be building my own dreams, running my biz than exerting my energy on someone else’s dreams
No, you don’t.
If you don’t work to make someone else’s dream come true, how will you learn to make yours come true? Deej Blackmon posted on her Instagram page one time and said,
“I hate the ‘stop building someone else’s dream” logic used to promote entrepreneurship. How will anything get done if we don’t build each other’s dreams?”
I totally agree with her.
Giving yourself to the course of others in a job or anything doesn’t reduce your capacity in any way or make you less of a valuable person. If anything, it adds to you. And later when you decide to do your own thing, you’ll be better off.
4. My business is a part of my life
You really think so?
Far too many business owners treat their businesses like it’s an extension of their personal life. Bad idea. Very bad idea. Build the right entities and keep your business separate from your personal life.
5. I can’t combine running a business successfully with other responsibilities
Balance is something we all need to keep striving to attain. We need to keep trying to hold it all together without anything falling apart talking about our businesses, jobs, families, spouses, children, our faith, and other commitments. When the tide starts bending towards one end, there lies the problem. But to say you won’t break out of your shell and bless your world with what you carry inside of you because of your fear of losing something or someone you have is a sneaky little lie you told yourself.
6. Am done with paid employment
No, you’re not.
One thing you should always remember about entrepreneurship is that it can’t be rushed into, we grow into it. So if at any point you feel you need to take a break and get your shits together, go ahead. Get a job if you have to. Learn a new skill if that’s what you need. This doesn’t make you any lesser of an entrepreneur than a full-time business owner.
I don’t depend on salaries, I spend profit
What a lie?!
That’s a big mistake most new entrepreneur’s make early in their business. They pay their staff salaries and spend the remaining profit. Foul! You pay yourself salaries to and discipline yourself to stick to it. Like I mentioned earlier, you need to keep your personal finances separate from your business finances. That is the only way your startup can grow into a large corporation or else, you’ll soon find yourself among the 80% of businesses that fail within the first 5 years.
8. Everyone is going to love our product.
Sorry, not everyone.
When entrepreneurs give all of themselves towards a course, they assume everyone will automatically recognize and appreciate that effort and love what they do but that’s not true. First of all, let this settle in your mind, your venture is not for everybody, not even people you think they are meant for.
All the marketing, advertising and PR in the whole wide world won’t make that happen. Here’s my advice for people running products based or service based businesses or =taking any lead in any area, carve a niche for what you do. Present yourself as different from others rather than trying to present yourself like a face in a crowd within a huge industry.