How to avoid getting bogged down as an entrepreneur

How to avoid getting bogged down as an entrepreneur

I’ve met a lot of people over the years who wanted to go solo and who struggled with just getting started.

Many, when they summoned up the courage to take that first leap into entrepreneurship, found success did not always come as easily as they’d hoped.

It’s really important to keep in mind that progress is more important than perfection.

Don’t allow yourself to get so bogged down in the pursuit of perfection that you lose track of where you are or where you’re going.

Stay focused and keep moving forward.

If you feel yourself spinning out of control, watch out for these four roadblocks that send a lot of aspiring entrepreneurs down into the ditch.

Make a plan

Put together a business plan.

Keep it simple, straightforward.

It doesn’t have to be a massive book of instructions.

Do the groundwork.

Start off by researching the type of business you want to start.

Decide on whose business you’d like to emulate.

Find out more about them, their market and their customers.

There is no need to reinvent the wheel –  do not waste your precious time or effort in creating something that already exists.

Find a mentor

Do yourself a favour … don’t go it alone.

Finding a mentor is one of the most powerful assets you can have in life and in business.

Entrepreneurship can be a lonely affair.

You will reach your destination a lot quicker if you have a trusted ally to help you navigate your way through the maze of bumps and potholes.

Always be marketing

From the flagfall design a way for getting the word out and creating awareness of your business.

Do not wait until your first source of business dries up before you get the help you need.

You have to keep the pipeline filled or you run the risk of falling prey to the feast and famine phenomenon.

Adopt an entrepreneurial mindset

As an entrepreneur you need to say goodbye to your old 9-5 mindset.

One of the main reasons many of us become entrepreneurs is for more flexibility.

However, hard work and perseverance is required, especially in the early stages.

Success will require sacrifice, so you need to prioritise your time and your responsibilities.

Do not drive yourself too hard.

To operate at peak performance you need to take care of yourself mentally and physically.

Be sure to take time out regularly to boost and replenish your energy.

Commit unconditionally

As soon as you set off on your entrepreneurial journey commit fully to making it happen, no matter what gets thrown into your path.

You must have the passion and the drive to turn your dream into a reality if you stand any chance of being successful.

The secret to success

The secret to success

Do you know the missing link between a promising entrepreneur and a successful one?

It’s mentoring

As you start out on your entrepreneurial journey you’re going to be focused on developing the skills and strategies needed to set up a profitable, long-term sustainable business.

But don’t lose sight of how important it is to get expert advice on how you can best achieve the goals you have set for yourself and your business.

There are numerous things that can go wrong as you’re learning to fly solo.

It’s tough trying to figure everything out all on your own.

You’ll need help.

From the most modest of small business owners to public names and industry leaders, the one thing that underpins all of their success is the use of a business mentor.

In fact statistics show that 97% of people who do not use a mentor, fail in their business.

So, who makes a good mentor?

Listening and understanding is important but it’s also about giving specific tailored advice.

You want a confident mentor who has expertise in the skills you lack.

Someone who has successfully navigated the road you intend to travel, where actual work and hustle was required to succeed.

Someone with whom you share a deep and meaningful connection.

Someone who can assure you that you are not alone in facing your day-to-day challenges.

A good mentor is direct yet supportive

The best mentor will offer practical, timely advice and encourage you to take action.

It’s important for you and your mentor to always be straightforward with each other, and to maintain a sense of urgency.

As an entrepreneur you have limited time to get your company off the ground and reach profitability and long-term growth.

Your mentor should be able to identify quickly any mistakes you are making and let you know how to fix them and move forward with minimal interruption.

Mentoring is a complement to the training we provide to our valued clients.

Training is the “how to” stuff we teach that’s all about marketing, lead generation, sales techniques, etc.

Mentoring is much more about coaching and counselling.

It’s about dealing with frustration, giving constructive criticism, handling disappointment, etc.

Being women we understand the unique challenges women entrepreneurs face when starting a business.

Surround yourself with positive and encouraging people

Surround yourself with positive and encouraging people

As you set out on your entrepreneurial journey it’s easy to become overwhelmed by the sheer volume of work that’s required to get to the stage where you can begin to make money from your business.

And it takes a lot of sacrifices and strength to build an empire while running a family, especially if your support network isn’t strong.

If you are a one-woman show, don’t isolate yourself.

Don’t go it alone.

Reach out and connect with like-minded people.

Find mentors, role models, a coach or an accountability partner.

It will cut your journey in half.

Choosing mentors

Only you know what your goals, desires, dreams and aspirations are and what type of person or people can help you get there.

Ideally you want someone who has successfully navigated the road you intend to travel, where actual work and hustle was required to succeed.

Someone with whom you share a deep and meaningful connection.

Someone who can assure you that you are not alone in facing your day-to-day challenges.

The best mentor will offer practical, timely advice and encourage you to take action.

It’s important for you and your mentor to always be straightforward with each other, and to maintain a fierce openness to learning and a sense of urgency.

Seek out joint ventures

Finding the right strategic alliance or joint venture can transform your business quickly by helping you get immediate access to well qualified prospects.

It will help to create more revenue while building your brand.

The best type of joint venture is done with a company or with someone who has a non-competing product and/or service offering in an aligned niche.

Outsource

As soon as you are able, outsource those tasks and activities in your business and your life that take your time away from important work, or steal your joy.

Your time is better spent doing things that create revenue and provide personal fulfilment.