Entrepreneurship takes perseverance beyond just needing to survive a string of a few anxious and stressful months in a row during the start up phase of a business. The type of perseverance an entrepreneur needs is similar to the perseverance that’s demanded from successful and disciplined athletes. All too often people have the wrong idea that entrepreneurs achieve success overnight.
If you’re a fledgling entrepreneur and you aren’t independently wealthy, you will most likely experience many hardships such as having minimal to no cash-flow, living in less than desirable apartments with roommates you’d rather not have, working extremely long hours, and having very little to a non existent personal life. If you are fortunate enough to have a financial cushion, you’ll still need to persevere through failure, frustration and rejection.
I've learned that perseverance is not just simply never giving up. Perseverance is a vital and invaluable mentality. It is a knowledgeable acquiescence to failure that is inevitable and a necessary evolution. As an entrepreneur who has at times hit the wall (believe me, 99% of you will also), it's about learning from the mistakes you make along the journey, mentally profiting from them and moving on.
The ability to persevere as an entrepreneur will be determined by whether or not you can effectively tolerate dealing with difficult and often unfavorable circumstances for protracted periods of time. Pontificating about this can only help you so much. If you’re aspiring to entrepreneurship, the only way you’ll really know if you can persevere is by doing so. So I encourage you to get started!
Almost 50% of Americans dream of starting their own business according to survey results released by the UPS Store. Clearly the entrepreneurship bandwagon has many who are anxious to board and endure the wild and stimulating ride that is characteristic of being an entrepreneur.
However, how about the other 50% of Americans whose career pursuits involve a more traditional employee-employer relationship?Are they immune to the charms of entrepreneurship? Quite possibly so but that doesn't mean at some point the entrepreneurial skill set won't prove as valuable to them as an individual with CPR training whose skills are unexpectedly and urgently called upon in a crisis.
Job stability has been on a sharp and continual decline over the past 20-25 years. Consumer markets change very quickly and companies are reacting more quickly and drastically than ever with down-sizing and layoffs. Careers that are hot (e.g. residential mortgage industry) become the next bastion of employee layoffs and once in demand skills are no longer marketable on the ever changing employment horizon.
Simply put, the entrepreneurial skill set is one that is extremely useful, not only to current or aspiring entrepreneurs but also to a gainfully employed individual. The entrepreneurial mindset will help an individual think more like the management or ownership of their employing company which usually is of great mutual benefit. As well as problem solving, a staple skill of the entrepreneurial mind set. If said individual becomes among the unemployed it never hurts to have the mind set of how to market one's skills for profit (e.g.freelance opportunities), even if simultaneously looking for employment. As the time frame between job opportunities can be fairly nebulous at best.
In short, an entrepreneurial skill set is of great benefit to all Americans including the 50% who have never dreamed of owning their own business. I encourage all to learn at least a few of these skills and I promise, that at worst, you will gain valuable perspective and insight even as an employee.
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