Long-term Thinking in Entrepreneurship

In the previous chapter, we talked about how entrepreneurship is a form of art. If you see yourself as an artist, then you would enjoy doing what you do for work. Art by nature is not stressful. Many people who start a business purely for the intention of making money cannot sustain through the highs and lows of the initial few years of the business. They will quit early and they will blame a 100 different things which contributed to their failure. It is not good to accept failure early. Any business takes times to grow and it wouldn’t be …

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How to Overcome Fear of Failure with Your Startup

If you fear that you might fail with your startup venture, hold on to that fear. That fear is real because the chances of failing with your startup is high. Many people wishfully think that they can succeed with their startup. The excitement of starting a new business is usually high in the beginning and then the reality sets in. If you want to grow a startup into a successful company, fear is not your enemy, but your ally. Do not try to eliminate the fear. Use the fear to think about possible outcomes and make a plan to overcome …

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Entrepreneurship is a Form of Art

When we think about the word “art”, we think about painters, designers, musicians and movie makers. Entrepreneurship and art are usually considered as two different things. But give it a deep thought. What is art really about? An artist has something on his mind, and he is going to do certain tasks to manifest it in the real world. Isn’t that the definition of art? Art is all about the┬áhe expression or application of human creative skill and imagination. A musician imagines a music pattern in his mind and he is manifests it using musical instruments. A painter dreams of …

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Entrepreneurship Vs. Relationships

90% of the businesses fail within the first one year. If you just survive for more than one year, it’s great leap forward. It is a well known fact that it is not easy to be a successful entrepreneur. Starting a new venture and growing it can be extremely difficult. It will not just consume your time, but your time and energy as well. Many self-help business gurus try to convince us that it is easy to build certain businesses. When people talk about an ‘easy’ method, they are usually referring to a temporary opportunity. In the long-term, no business …

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The Importance of Personal Branding for Entrepreneurs

In the previous chapters, we talked about finding a business partner for your venture. There are many ways to find the right business partner, but the best way is through personal branding. When you brand yourself and are easy to discover in your industry, there is a high chance that you will be able to bump into the right person who you think is worthy of being a partner. Personal branding also helps you in many other areas like finding the right people to join your team and also converting clients. Personal brand also helps to get connected with investors …

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