I realized that I had the wrong approach for becoming an entrepreneur. I didn’t know my Entrepreneurship options. When I started my journey, I’d have died for becoming the following advice…
I realized that I had the wrong approach for becoming an entrepreneur.
When I started my journey, I’d have died for becoming the following advice:
Don’t ‘just’ start. Know your options. Know yourself — your values, goals, ambitions.
Somehow anticipate the journey.
Decide. Then start.
There is nothing more to it. You can stop reading now — unless you want to understand better where this insight comes from. Ah … there is one more important insight.
A quick review of my journey
At the beginning of my entrepreneurial journey, I was too dazzled by the startup world and tech billionaires. I assumed that every startup founder would become rich and famous. Startups, however, are counterintuitive. As long as you haven’t tried, you can’t know. You must experience startup.
Most startups fail — 9 out of 10 to be precise.
In 2012, I started my first startup — Spotistic. I didn’t know anything. From 0 to 100. Without preparation. My past theoretical business education at Universities didn’t prepare me at all when it came to startups and starting anything.
It was damn hard. And I needed to start over again — at ground zero.
That’s when I realized that I started off the wrong way.
In a naive way, I took the first startup opportunity there was and committed myself.
It could have worked out.
But nevertheless, I now think that I could have been smarter by asking better questions.
I didn’t have any guidance. I wish I read Paul Graham’s advice on when to start a startup earlier:
There’s not even a tradeoff here. You’re not sacrificing anything if you forgo starting a startup at 20 because you’re more likely to succeed if you wait. […] The usual way startups take off is for the founders to make them take off, and it’s gratuitously stupid to do that at 20. — Paul Graham, Before the Start
With StartupGeist, I give my best to help you identify and ask the right questions in our overwhelmingly busy world. Don’t feel pressured to start a startup NOW. Your time will come. Be patient. Take your time to discover a mission and your talents by doing various side projects. Build a network. Because …
By DOING you will discover — not by thinking.
That’s my second realization.
Reading books or talking to others didn’t help me to know what to do.
Only by working on a project and making stuff happen, I have come closer to what motivates me and how I want to use my talent and with whom I want to work together.
At the beginning of my journey, I wish I had given this advice: Know and understand your Entrepreneurship options. Anticipate the journey based on your values, drive, and ambition. Decide on a path. Act and stay open.
So, what can you do?
Start learning about startups. About digital businesses. Start finding out what you want in life. I believe you can prepare, study and learn the basics — not theoretically. Not intellectually.
How? By applying. By doing.
Did you know that we remember 75% of the stuff we apply? But we only remember 10% of the stuff we hear and 20% of the stuff we read.
I am sure YOU already have the talents and drive to act. Otherwise, you wouldn’t be reading till this point.
You might, however, not be confident enough — yet. Or something else is holding you back. That’s fine at this point. As long as you learn — either actively by doing or passively by studying — you are moving forward.
BUT you must start at some point and leave the ‘knowledge collecting to become more confident’ stage. (ups … I just made this up. I like the description of this important —but yet to overcome stage.)
Know your options. Decide. Act.
As soon as you understand your Entrepreneurship options and what the implications for each journey are, decide for an option and start.
You will be astonished how quickly you learn and how fast you grow beyond your purest imagination. Eliminate your self-limiting beliefs and show yourself what you are capable of. Be sure of two things.
—YOUR TALENT is unlimited.
—YOUR LEARNING is endless.
By becoming part of our entrepreneurial society — a worldwide movement — you will unlock your true potential. Unleash the power within.
You’ll unlock your StartupGeist.
Let’s be proactive! Let’s start, do, learn and personally grow! So, what can you do? Two things. Actually, three.
- Start learning about starting up.
- Find out what you want in life.
- Start a side project.
By starting a side project, you will apply entrepreneurial principles and discover what you want in life. That’s the purpose of StartupGeist — to help you successfully apply startup best practices and success principles to start anything.
Are you ready?
I am! Thanks for letting me part of your entrepreneur journey.
I love you!
PS: #LoveYourself #KnowYourself #ChooseYourself #BeYourself — then #ServeOthers #GiveGiveGive
Active Approach: Learning by doing. Read and apply…
Passive Approach: Study, and be inspired…
- How To Be A Successful Entrepreneur
- What I Wish I Knew When I Was 20
- What is a Startup-Series
- Startup Life Series
- James Altucher: Choose Yourself
- Seth Godin: What to Do When It’s Your Turn
- Paul Graham: Before the Start
- How To Retain 90% Of Everything You Learn