Balancing Idealism and Realism to Grow

Entrepreneurs come in different personality traits. There are many ways to classify one’s strengths and weaknesses. But one of the most important thing to look for is the balance between Idealism and Realism. People who are realists, look at present reality. They are grounded to what’s real and logical and very emotionally stable. Such people are also highly analytical. For example, Warren Buffet is a realist. He is very vocal about his inability to be creative and do entrepreneurial things. Some entrepreneurs like Elon Musk are great idealists. They create a ideal world in their minds and try to achieve …

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The Boredom in Entrepreneurship

Most of the entrepreneurs would say that it is exciting to be an entrepreneur. From the moment that you get a spark to start something, all the way to having an exit from the startup, there are many highs in entrepreneurship. However, while building your startup, you will encounter many areas where you just have to get a lot of boring tasks done. Doing the same thing for years that helps your startup grow is often underrated. Many new entrepreneurs are looking for the constant highs and sometimes get disappointed to discover how boring some things can be. That’s why …

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Learn to do Deep Work and Eliminate Distractions

Entrepreneurship involves juggling a lot of balls. There are many things to take care of from finance, legal, human resources, products and clients. It is normal for entrepreneurs to get distracted during the work day because there are just so many things to do. However, if you are doing all the things and not focusing on your core work, your business can take a beating. With any startup venture, the creation of the product and marketing it (the two most important activities in a business) is usually done by the founders themselves. For example, in my business the core activities …

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Creative People Need Creative Output

As an entrepreneur, if you are a creative person, you should make sure that you have some creative output. Leaders and entrepreneurs come in different personality traits and it is important to discover your strengths so that you can do what you are good at. In the strategic leadership seminar that I attended recently, I found out that I am open-minded and conscientious. I am not an extrovert and I am not agreeable. I am also emotionally unstable like most creative people. I have done many different things in the past 10 years. I have also been working in companies …

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Entrepreneurship is About Contribution

Many people become entrepreneurs because they want to escape their 9-5 jobs, be their own boss and have more financial freedom. They are all good goals and the perks of entrepreneurship. But if someone gets into entrepreneurship with the sole purpose of its benefits, that person will not be successful. Most of the entrepreneurs in the world who have succeeded financially did so because financial success was not their primary goal. They made their money because they solved a problem. They filled a gap in the market. They contributed to the world. Their money is good money, not dirty money. …

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