Humans are hard-wired to hold on to their pride. More often than not, the fuel to grow as an entrepreneur comes from being jealous of other successful entrepreneurs. That’s not a good way to fuel growth. If you want to become successful so that you can feel better in
When we can get something in return for our efforts, we are usually motivated to do it. If I tell you that you have to do a certain work for 30 days, I will give you X amount of money in return, you would usually take it if the money
Money is one of the most important things to think about when building a startup. For many entrepreneurs, it is an emotional topic. As soon as we bring up the concept of money, people get uncomfortable. One of the reasons why people focus so much on vanity metrics in startups
I’m a guy who advocates thinking big and having intimidating dreams. However, if you get too fixated at your dreams and goals, you might be hurting yourself. Its common among entrepreneurs to have an obsession towards dreams and goals. If the obsession is not balanced, it might hurt your
The world is changing around us faster than ever. The internet is hardly a few decades old and it has changed the way humans live in this world. Technology is growing at a faster pace than we could catch up with. Before the internet era, things did not change much.
As a founder of a startup company, entrepreneurs know the challenges involved in growing the startup. Things might look rosy from the outside, but founders know that they are on thin ice. Even if your startup has survived for a few years, you are always in constant threat of the
Almost every startup founder goes through a phase of uncertainty. 95% of the businesses fail in the long run. When you are six months to one year down your startup, you will face a period where you think that all this might not work. And you will start thinking about
If you want to succeed as an entrepreneur, you need a genuine excitement for the technology and the future. If you are in the tech business, you have to love technology. Most people in the tech business have no problem with falling in love with technology. But even if you
Entrepreneurship is the toughest sport that I know of. Most of the sports demand a certain aspect of you. Some sport demands you to pay your full attention, some sports pure creativity, some demand your speed and some your stamina. Entrepreneurship demands all of you, nothing left behind. When entrepreneurs
If as an entrepreneur, you think you have bigger problems in your life than making your startup succeed, then you are not prioritizing your startup enough to succeed as an entrepreneur. I personally do not know anyone or have heard of people who succeeded as entrepreneurs by giving second priority
As an entrepreneur, there are certain things you can’t do yourself. Though you might try to understand it, you might not be able to master it. Many professional verticals require years of learning and experience to achieve mastery level. In my business, I understand design and copywriting to some
Bookkeeping is a hard habit. Even if you get into that habit, it is easy to fall out of that habit. Humans have a tricky relationship with the concept of money. If the topic of money makes you emotional or makes you uncomfortable, then you have to overcome that to
Many people who want to start the entrepreneurship journey get stuck at a point where they think that they need a brand new idea to start a business. Good ideas are important, but not mandatory to start a business. Most of the time, we see startups with new ideas being
When entrepreneurs build products and services, they need to strike a balance in the level of perfection they can practically achieve and still manage to sell the product. If you ship a product into the market that is sub-standard, people are not going to care. If you try to build
Competition is a good thing. It pushes businesses to create better products and services at a cheaper cost. But sometimes competition can become unhealthy. In the pursuit of trying to gain the maximum marketshare, businesses cross ethical and moral boundaries for profits. A well known example of such a business
There is a lot of hard work in making a business work. As the business grows, it creates a lot of foundations and assets. Within a few years, a business starts growing roots and becomes more stable. The business depends on many foundations, but the biggest asset of a business
As humans, we always have a mindset of scarcity. We are really not to blame because our ancestors had to hunt for food. If I gave you the food I had then I would have less food to eat. If I take from you, then I would have more. Through
When you start out as an entrepreneur, your confidence will be low. You will not even be sure if you can sustain yourself and keep the venture alive. But in spite of all the doubt, you have to think big anyway. If you do not think big, your imagination and
As humans, we naturally tend to avoid having tough conversations. If a someone behaves inappropriately in public, we don’t confront them. We are constantly running away from having tough conversations with people. While trying to correct everyone around you in the world is impractical, we shouldn’t avoid conversations
Entrepreneurship demands creativity and open-mindedness. When you are creative, you have the gift of many new ideas that you can fall in love with. Not everyone has a creative personality trait. The gift of creativity also comes with its costs. You will have too many ideas and you can’t
If you are an entrepreneur and trying to build a startup, it is important to have high conviction in yourself and trust your instincts. When you decide to start a new business, make a solid plan and do not get swayed by other people’s opinions. Once you come up
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
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
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
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
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
In the previous chapter, we discussed about running your business solo vs. running it with a partner. In this chapter, let’s look at how to find the right business partner, should you choose to go ahead with partnership. The most important criteria in choosing a partner is that they
In your entrepreneurship journey, one of the most important decisions to make would be: whether to have a business partner or not. There are pros and cons to both scenarios. Running a company solo has its benefits and pitfalls and so does running it with a business partner. There are
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
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
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
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
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.
Humans have evolved over thousands of years. Until 100 years back, most of the humans were still struggling to get their basic needs fulfilled. But the world is changing. In a few decades, most of the population in the world will have access to basic food, clothing and shelter. If