To get into an entrepreneurship one has to bring in radical change in his/ her thinking process, especially if one is coming from an employment background. Lot of people get excited about some business idea and jump into it. Even after putting in their best effort they find it tough to succeed. One of the reasons is that they haven’t come out of the employment mode. Recently I met a successful businessman who was remembering the mistakes he did in the first three years of his business. He was working with one of the leading companies in India in a high position. He decided to take voluntary retirement so as to start the business. Only once he got out of his job, he realized that all the people around him used to respect him only because he had a position. The first few months in his business was frustrating as he was used to the habit of getting things done by others in his previous job. While in job he had never taken a photocopy by himself, never filed anything personally, never ever worried about dealing with statutory authorities like Service Tax and Sales Tax authorities as there were subordinates who did these jobs for him. His own words, “It took sometime for me to understand that in business one needs to have a first hand knowledge of everything related to the business. This could be obtained only by doing things personally.”
Willingness to do any task to achieve the desired goal is a ‘must’ for entrepreneur. For this one needs to have lot of flexibility. Try to have a first hand experience of all the activities connected with your business. If you want to be a successful entrepreneur, you need to soil your hands. This is the reason why most of the businesses collapse when the second generation takes charge. The first hand knowledge and experience one gets while setting up a new business, is not easy to gain by a second generation entrepreneur. Hence for a second generation or third generation entrepreneur to become successful, he/ she needs to learn and do the most basic level tasks.
Many of the people who are employees decide to start a business of their own, mainly to avoid the pressure at the work place. No one likes to work under some one else. But if you are in a job you have no other option, but to work under someone else. When you start your own business you don’t have to work under the pressure of a boss. You are your own boss. It looks very fascinating, isn’t it? But there is a flip side to it. As there is no boss there is no one else to drive you, there is no one else to set goals and put targets for you, there is no one else to monitor your work, there is no one else to discipline you…Hence the chances of failure are very high. That is why not many people become successful in business. Only if you can drive yourself, you can set goals for yourself and strive to achieve them, only if you have self-discipline then only you could become successful in any business. When I decided to quit my job and pursue with my business full time, one of my senior business leaders gave me an advice, which I think was a million dollar advice. He told me that before I resign from the job, at least set one room in my house as an office and have a regular reporting system like that in an office. It is easy to discipline others, but the challenge is always having self-discipline.
It is easy to drive and motivate others than keeping yourself driven and motivated. A successful entrepreneur is self-driven, self disciplined and self motivated. You will come across with challenges all the time. Things may not happen the way you wanted them to happen. You may find that the plans are not coming true. But if you want to succeed you need to be consistently driven, disciplined and motivated. As I read somewhere the true test of character is how you behave when every thing is going in the wrong direction for you, when you are finding that nothing is happening as per your plans, when all situations are turning against you, when you feel there is no one to support you. It is not easy. But all the successful people have gone through this phase. I call it as the Entrepreneur’s Pain. But if you are focused, Self Driven, Disciplined you will reach the destination.