10 Signs You’re Not Cut Out To Be An Entrepreneur
Statistics show that about 50% of small businesses fail within five years but that doesn’t necessarily mean that 50% of people who try aren’t cut out to be entrepreneurs. Nearly every successful entrepreneur has failed at some stage during their journey – from Bezo to Gates.
Clearly, failure is not an indicator of your capabilities. However, your reaction to failure certainly is – if you’re not ready to fail then you’re probably not ready to be an entrepreneur.
But even if you’re unfazed by failure, you may have other traits holding you back from startup success. With that said, here read more at Medium.com for ten signs you’re not cut out to be an entrepreneur.
21 Entrepreneurs Who Failed Big Before Becoming a Success
Failure is a part of business. Very few entrepreneurs ever make it big without first experiencing some massive failures. Whether it be running a business into the ground, getting fired from a job or even going to jail, plenty of very successful entrepreneurs have seen huge failures before ever accomplishing their dreams.
So if you ever feel worn down or intimidated by the thought of failing, just take a look at entrepreneurs who failed before making it big at SmallBizTrends.com.
A Message from Acceler8Success Founder, Paul Segreto
When Entrepreneurs Are Faced With Failure
Sometimes no matter how well we plan and how much effort we dedicate to something, we fall short of our goal and the end-result causes a variety of challenges and problems. Ultimately, it can adversely affect financial position, reputation, relationships, team spirit and much more. It can also start to spiral into personal life and affect family, health and overall well-being. Unfortunately, such situations are often perpetuated by denial by placing one own’s head in the sand.
Well, when our head is in the sand, our most vulnerable ass-et is sticking out in plain view. Some will laugh. Others will point and snicker, definitely telling others. And a few will take advantage of the situation and current position of vulnerability. Sadly, we put ourselves in that position. Not because we swung and missed. Not because we didn’t see the forest for the trees. And not because we just flat-out saw something that wasn’t there. Instead, it’s because we didn’t keep our head high, accept the situation, learn from it and move on, and with laser-focus. That is exactly what entrepreneurs do, and should do when faced with failure.
6 Reasons Why More Women Are Turning To Entrepreneurship
There are a lot of challenges that women are facing in the modern world. And it gets doubled when they try to break through the glass ceiling of male-centric stereotypes in the workplace. But you should know that you can’t achieve greatness with a small mind, and getting into an entrepreneurship journey is extremely rewarding.
Nowadays, women are taking the courage to excel and become the masters of this art. Recent studies show that more than 63% of women entrepreneurs are dependent on their business as their primary revenue source. This challenges the old stereotype that women only run lifestyle businesses for supplemental income, rather than as a primary source of income. Instead, today’s women are breaking this stereotype, and becoming good at it.
It’s no surprise that more and more women are becoming more attracted to entrepreneurship, compared to traditional career paths. Visit Addicted2Success.com. to read about some of the reasons why women are turning their dreams into reality.
The entrepreneurial mindset that helped me grow my business
Six years ago, I left my career as a full-time attorney to open a pie bakery with my mom. I had never baked a pie in my life.
I know, right? Who makes that sort of decision?
Because I was naïve about entrepreneurship, I fully expected smooth sailing through calm seas as we ventured into world pie domination. I really believed that because my mom had some entrepreneurial experience and that because I practiced law, the world would watch as we slayed the pie market.
Spoiler alert: starting, managing, and growing a successful company is a million times harder than what most people expect. What I saw in my head was Meg Ryan in You’ve Got Mail. The reality was 90-hour work weeks and a tremendous time of personal, emotional, and mental health growth that felt mostly like an uphill battle. (Uphill both ways. In the snow.)
Also, my hair never looked as cute as Meg’s. Not even once. And no one ever brought me a bouquet of freshly sharpened pencils.
If you’re considering entrepreneurship – or if you’re already there and are struggling – Read about the two insights the author shares at Zapier.com.
The 32 Best Entrepreneur Books of All Time
Are you looking for advice on boosting your small business and improving your life?
We’ve compiled a list of the best books by renowned business leaders, novelists, and successful entrepreneurs, packed with practical advice on becoming an industry innovator and finding your passion through meaningful work. With these books, you too can build your own business and thrive.
We encourage you to find a local bookstore that offers delivery or curbside pickup. Check IndieBound if you truly don’t have local options, or consider purchasing from Bookshop, an online bookstore with a mission to financially support local, independent bookstores. Read more at Shopify.com.
Why “Quit Your Job” Is Terrible Advice For Entrepreneurs
All over the Internet, startup porn dictates you have to quit your job to be an effective entrepreneur. You can be your own boss. You can have flexibility. You can set your own rules.
I understand the mindset behind quitting your day job and not being tied down to your day job, but “quit your job” comes with a tremendous undercurrent of privilege. And it’s terrible advice.
The risks are likely self-explanatory. Your day job provides a safety net in terms of income and benefits, much more than your new startup or business can. Not only do you have a salary, but hopefully your job provides benefits and insurance. And what if the business fails? It’s a high risk, high reward venture to quit your job and pursue your passion and a life of entrepreneurship. Read more at EntrepreneursHandbook.co.
The pandemic has been an economic disaster for women. Some took advantage of it.
Since graduating from college in 2017, Tamika Scriven, who makes and wears her own wigs, has wanted to launch a business selling them.
While working at Macy’s downtown Brooklyn store as a counter manager for Bobbi Brown Cosmetics, Scriven found that customers frequently asked where she had gotten her wig. When Scriven told them she made it herself, they often wanted one, too. She decided to develop a business plan in her spare time and also began teaching courses on wigmaking. “I loved the intimacy of meeting with each person and working closely with them,” she says.
By last spring, Scriven, 32, was working at a software company, her plans for a wig business on hold. Then the coronavirus changed the economic landscape, and she watched co-workers — as well as her own mother — get laid off from their jobs. Read more at WashingtonPost.com.
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