Thinking of Taking a Chance on Your Own?
So, you are thinking that you want to start your own business…but you don’t know where to start? You are ready to take the chance but unsure of whether it is the right time. Motivation is the first step in determining whether you are ready to be an entrepreneur or not. If money is the primary motivation behind going into business for yourself you will more than likely give up before you make a single dime. That would be after you have already spent your life’s-savings or incurred a massive amount of debt just to realize that entrepreneurship was not what you thought it was.
Successful entrepreneurs are rarely motivated by the money but rather by the belief in what they are doing, injecting personal core values into how they build a business: Wealth is their reward; not their mantra.
If you quit your job to start out on your own because you were tired of the long hours, being underappreciated, and feeling that you could do better on your own…think again. Starting and growing a business can be a thankless and exhausting process. It can also be highly rewarding with the right motivation.
Passion feeds Motivation
The right reason for venturing out on your own correlates directly with your passion. Think about what you like to do and what you are good at – not just the potential income. The motivation for income comes with strategic planning once you have identified your passion.
Through passion you are less likely to suffer major emotional setbacks and entrepreneur burnout when you find out it takes time to build your business and reap the financial rewards. You will be more patient with yourself and your business as it grows, and, will make better business decisions.
It takes on average 18-24 months before any new business sees any real profit. This is because it takes that long to tap into your potential market and create a name that people recognize and trust. These early months will try even the best of us if we aren’t prepared for the long haul. Are you ready?
Being a successful entrepreneur is not all about selling a product or service. It is about self-awareness as a leader and having the mental strength to overcome the obstacles that will be thrown in your pathway along the way. And there will be many of them!
Entrepreneurship is like a game of chess
There are evasive maneuvers and then there are strategic counter maneuvers. Strategic maneuvers, if planned right, can throw your opponent into a continuous evasive situation. This is where you want them. You want them to always be chasing you to keep up rather than in front of you in business. You always want to be in front of your closest competitor.
The strategy behind entrepreneurial success is to be prepared for the unexpected. This preparation comes from learning and understanding why you are in business, what your end game is, and how you are going to get there. This is a rather simplistic explanation, but it carries with it a great deal of self-awareness, acceptance, strategic planning, and time commitment. An entrepreneur brings more than their talent and ability to the business. They bring their heart, body and soul.
DAVNA’s Entrepreneurial Prosperity Enrichment Program (EPEP) is designed to provide entrepreneurs and business leaders with the training and skill sets needed to succeed. Within the EPEP program we have built the Ready…Set…PROSPER! Quickstart series designed to prepare new entrepreneurs for launch within 45 days. To learn more about this program go to www.epepsuccess.com.
DAVNA Enterprises, LLC is a Florida based firm specializing in the development and implementation of strategic operational, marketing and business development programs locally and internationally. Whether a new business starting out or an existing firm seeking increased market exposure, rebranding or repositioning, DAVNA brings more than 35 years of experience and the expertise needed to successfully develop and execute strategies designed to achieve your ultimate goals. For more information visit www.davna.com or email firstname.lastname@example.org