The 10 Things Most People Don’t Know About Entrepreneurship

The 10 Things Most People Don’t Know About Entrepreneurship


10 things most people don’t know about entrepreneurship AddaBirnir, CEO and co-founder of Skillcrush,
an interactive tech-learning platform, said that “One of the most important things I have
learned is that businesses don’t fail, entrepreneurs give up. Now sometimes, giving up is the right decision. But usually, you just need to dig in and figure
out how to make things better. Remember: Every day is a new opportunity to
get up and do it better than yesterday!” Entrepreneurship is certainly not as simple
and glamorous as people make it seem. It sure is a lot of work, which can sometimes
go unnoticed, leading to frustration and as a matter of fact, giving up, in some cases. To think that an excuse for being jobless
is entrepreneurship or an excuse for becoming the boss of your own self is entrepreneurship
is to think wrongly of the term, which is why Ajaero Tony Martins says that “My best
advice to entrepreneurs is this: Forget about making mistakes, just do it.” Making mistakes is a part of the journey of
an entrepreneur. If you think this is true, ask some of the
successful entrepreneurs you know. Take Thomas Edison, for instance. The electric light bulb inventor didn’t get
the model that worked for the bulb until he had given it 1000 trials. Albert Einstein once said that “A person who
never made a mistake never tried anything new.” So, once again, mistakes are a part of the
journey. However, the number of mistakes an entrepreneur
makes in his journey can be minimized if they are well informed about the process of entrepreneurship. So, In this video, I’ll share with you 10
things most people don’t know about entrepreneurship. This, I believe will help you become a successful
person. If you’re new here, consider subscribing
so that you won’t miss other interesting videos like this. 1. It’s not all about the money Mark Cuban said, “It’s not about money or
connections. It’s the willingness to outwork and outlearn
everyone when it comes to your business.” Of course, we start our entrepreneurship journey
with the aim to make money and make a lot of it, but it is never the primary reason
why people (who have succeeded in their entrepreneurship journey) start their own business. If all your focus is on making money, you’ll
end up being all over the place, which will eventually lead to a disconnection from the
essence of who you are as a creative entrepreneur and the value you can uniquely add. Thanks to the media, entrepreneurs have been
painted as people who can easily afford multi-million dollar mansions and luxury sports cars because
they’ve got the business brains to help them make all the money they want to. No! It isn’t. They start out doing what they love, providing
value over and over again. As a matter of fact, they probably had little
to nothing to show for their businesses when they initially started. However, their focus wasn’t on the money but
on creating value and eventually, they got to where they are right now. 2. Entrepreneurs create opportunities instead
of finding it Many people think that entrepreneurs find
opportunities and then capitalize on it. No, they actually create opportunities for
themselves. They start by carving out a niche for themselves,
create a product for that need and then take it to the market. 3. Entrepreneurs get frustrated by everything For every plan you make, they will take twice
as long, if it eventually happens. All the plans that seemed very easy on paper,
such as create a website, start blogging, etc, will take weeks to eventually actualize. Pretty frustrating. The end product, however, is that you end
up becoming an expert in your field. 4. Self-doubt is a part of the journey Great entrepreneurs look so calm and composed
on the outside, however, they deal with an emotional roller coaster that comes with running
a business, one of which is self-doubt. Self-doubt is normal and natural in entrepreneurs,
but that does not mean that self-doubt gets to be the master. Learning to quickly overcome these feelings
and any other form of emotional instability is a part of the journey you must also learn. 5. Entrepreneurs are more frugal than you think Although it may seem that entrepreneurs lavish
their money on luxuries, they are one of the most frugal people you can think of. Entrepreneurship teaches most entrepreneur
to be extremely conscious about how they spend their money. They believe in a frugal lifestyle so that
they can save enough to invest in order to reach a certain financial milestone. After which, they become a lot more loose
with their spending especially since they deserve it. 6. Entrepreneurship is for the hardworking Getting funds and capital to run your business,
taking your business to the marketplace and all of the other steps/processes that comes
with entrepreneurship isn’t one of the easiest things to do. If you think it’s a lie, trying convincing
a group of friends to a product they have never heard about, not to talk about a bunch
of strangers that do not even see the importance of your own product over another. You see, before anyone will cut you a check,
you have to put in a lot of work. Talk about investors as well, they are disciplined
enough to not jump at every business talks that come their way. They’d request that you build a minimum viable
product and gain traction before investing a penny into your business. It takes a lot of work to put all of these
together. 7. Most entrepreneurs have side jobs Entrepreneurs are anything but unemployed. You’d be surprised to find out most entrepreneurs
have a side job that’s probably better than yours, especially when starting a business. Why? They need extra income to run their businesses. This means that they have to work twice as
hard as others, considering the fact that their businesses might not be providing enough
funding for successful running. 8. Entrepreneurship involves failure before success According to Albert Einstein, “A person who
never made a mistake never tried anything new.” In entrepreneurship, failure is inevitable. It comes in different shapes and sizes but
it is still a failure and it is bound to happen. Why? Because that’s how you learn. In entrepreneurship, you are likely to make
a bunch of mistakes and have a lot of setbacks. However, your ability to rise above them will
equip you with the insight and resilience you’ll need to eventually succeed. Winston Churchill said, “Success consists
of going from failure to failure without loss of enthusiasm.” 9. Entrepreneurship requires perseverance Have you ever heard this popular saying? ‘The fastest runner doesn’t always win the
race, and the strongest warrior doesn’t always win the battle. The wise sometimes go hungry, and the skillful
are not necessarily wealthy. And those who are educated don’t always lead
successful lives. It is all decided by chance, by being in the
right place at the right time.’ It takes perseverance to remain in the right
place even when it looks isolated. In business, especially the early years, you’re
most likely going to be on your own. It is your vision, no one sees it as clearly
as you do, so no one will move at the pace you want your dream to move, which is why
it will take time to build even though we all want what we want fast. Entrepreneurship requires a persevering and
not giving up attitude even when the only thing you want to do is quit. 10. It’s not easy at all It’s easy to stand on the sidelines and control
the players on the field, but it is never easy when you are the player on the field. If you must go into entrepreneurship, prepare
your mind to face these and understand that it is not an easy journey. However, like every other successful entrepreneur,
success is 100 percent possible if you put in the required work. Thank you very much for watching our videos. We’ll like to give you another interesting
video for you to enjoy next but before then, our team will be very happy if you can like
this video and share it with your friends on social media. If you’re new here, don’t forget to subscribe
so you won’t miss other interesting videos like this. Look at your screen now to see two other videos
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29 Comments

  1. hoàng nguyễn says:

    Thank you

  2. njuh kenith says:

    Thanks so much.

  3. jey fomson says:

    Thank you so much for this.

  4. Raven Pro says:

    Present

  5. Jarrod Friday says:

    The first step…

  6. Nkemtang Fietsop says:

    Thanks for this masterpiece

  7. De Lifelolly says:

    Everyday is new opportunity for you to get up and set up again.. Business. Tomorrow am set up again

  8. Shopify Hunt says:

    Please don't give Thomas Edison example.

  9. Janet Nakabuye says:

    I love your teaching

  10. Krystal Esparza says:

    Entrepreneurship is tough but it’s brings out a lot from you.

  11. Herald Loshi says:

    The best way of handling entrepreneurial challenges,is just to laugh them off,while making amends.

  12. Raph Eze says:

    Pls how do i get d app u use for your videos pls

  13. lucky mwape says:

    Point

  14. #FLYING HIGH says:

    Make your videos only 3-4 minutes long..

  15. Mandana Rostam says:

    , love u so much my hidden friend…

  16. Mandana Rostam says:

    Stop puttinf the ugly disgusting as example

  17. Mandana Rostam says:

    I love u so much i always knew u were my friend my friend

  18. Mandana Rostam says:

    I love u so much ur sound is our celebration,,,

  19. Mandana Rostam says:

    Yes mistake is part of life alway,,,.

  20. Mandana Rostam says:

    I also always thought they found oppotunity,,

  21. Mandana Rostam says:

    ……… U know u are so smart. Abd beautiful……

  22. Mandana Rostam says:

    GIVE EXAMPLE OF CREATING OPPORTUNITY WHERE THERE WAS NONE LEFT,,,,

  23. Mandana Rostam says:

    DOUBT IS WHEN U DONT KNOW WHICH WAY TO BELONG,,

  24. Mandana Rostam says:

    i wouldnt spent more energy, than neccessary….life is test for this,,,

  25. Mandana Rostam says:

    U an me will go pakistani together… Becase u love me… We will conquer the new world

  26. Mandana Rostam says:

    ITS ALL TESTS….. SUBHAN ALLAH.

  27. Mandana Rostam says:

    SUBHAN ALLAAHH…

  28. Mandana Rostam says:

    MOH BOH HAM TO PAKISTANYY BERIIIIM,,.

  29. smart budvak says:

    Amazind

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