If you really want to achieve success, first find out what field of business you should choose to start up with, then figure out how to do it!
A few weeks ago, I responded to a very young startup founder about options related to selling his startup. The man was slowly losing his passion for this business.
The truth is, I have received a number of the same questions, especially from young entrepreneurs. And you know what, these questions were too easy to be answered! So what is the real problem of this situation? Let’s analyze together.
First, one must understand that, if he really wants to be an entrepreneur, he will have to get used to boredom.
I’ve been in the startup “game” for over 2 decades, and I’ve always loved the time when it all started. Every moment, from when the initial ideas were conceived, to the official launch, and to the moment that business first hit millions of dollars in revenue, it all made me feel incredibly wonderful. I felt like I was really good at this.
However, all the best things stop at this time!
Over the past 10 years, I’ve forced myself to keep improving so that I can do better in the rest of the startup’s lifecycle. Basically, I had to rewire my business brain, to find solutions for the later stages. I also realized that I wasn’t lazy or unfocused, and I did nothing wrong to make me a “bad entrepreneur”. The bottom line is, I really don’t have the necessary qualifications to conduct the development stage. I didn’t equip myself with enough knowledge!
You really should arm yourself with knowledge regarding this stage, otherwise you will be extremely scared and depressed. This will be an extremely hard learning process with full of failures and many things that will leave you totally frustrated. This is the same situation that many entrepreneurs who are not well-trained are caught upon
Why shouldn’t startup founders imitate what Elon Musk did?
Admittedly, Elon Musk is indeed a very successful businessman. He has enough craziness and is extraordinary talented in the field of technology, alongside with doing business. However, I still don’t want to mimic him. You can idolize or admire someone, but don’t try to be his doppelganger.
Young entrepreneurs have spent too much time trying to imitate the methods or walk in the same path that that the successful once followed. However, this method often does not work out for latecomers.
In my opinion, there will never be two identical start-ups, and no founder would be exactly the same as any other. The path to success should be, and must be your own path. Never try to turn yourself into another version of Elon Musk.
Become an entrepreneur in your own style
Younger entrepreneurs will be less experienced and more likely to make mistakes. They won’t also be trained well enough to assess what to do and what not to do. However, there is always a possibility that they make at least one big mistake in life, and then will have enough time to correct those mistakes.
You need to learn to identify yourself, your ability, what field and what way to start in. This is not a process of imitation from others; instead, it should be a journey to discover your hidden abilities and locate your strengths and weaknesses. From there, try to fix it or consult with better people, even hire them to work for you or sell your startup to them.
Then take the next steps on your own path to success.