Entrepreneurship is a journey of learning and experimenting with innovation and ideas. Everyone goes through it a little bit differently, though the various stages remain the same. In the beginning each business was a start-up and from there the process of growth and development begins. Some move through the process fast, stumbling into success in a matter of weeks after executing a brilliant idea. Others move slowly, spending decades of their lives perfecting the art.
“A ‘startup’ is a company that is confused about – what its product is, who its customers are, and how to make money.” – Dave McClure, 500 Startups
Hopefully, your startup will prove Mr McClure wrong. But in general, it is rare that as a new company you will be providing the best product you can to your customers right off the bat. Through customer feedback, you can identify ways you can improve your service, or come up with new products that generate more interest from the public..
And gradually you move from start-up to an established business and the journey still continues. Part of being an entrepreneur is in always keeping your eye out for new opportunities. Sometimes, this can mean freeing yourself of past ties and starting fresh.
No matter how innovative your business idea is, without funds, it is dead in its cradle. With more people in every niche launching startups every day around the world, finding investors can be very tricky. Even with alternative options such as crowdfunding, when there’s as much competition as there is today, it’s hard for any individual voice to be loud or convincing enough.
The life of an entrepreneur is no rosy path to walk. There’s always things going wrong that you have to fix. Throughout your days, you will have to constantly make decisions that may make or break your company. Being the leader and innovator of your organization, there will always be a tremendous pressure bearing upon you, and dealing with that day in day out, mostly by yourself.
If you are an entrepreneur, this Blog is all about you! Happy reading!