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As An Entrepreneur, How Long Does It Takes To Make Your Business Stable? by Nikolausha: 5:56pm On Sep 28, 2019 |
Many aspiring entrepreneur have asked me: “how long did it take you to make your business stable?” In my view, that’s not actually a very good question, and I’ll tell you why, because first of all, how long it takes for you to build a stable, sustainable business, everybody’s different. For some it might take decades, for some it might take years, and that has a lot to do with your skill as an entrepreneur, and also how much experience do you have, so if someone says to you the entrepreneur , “oh, its going to take three months, its going to take six months” Well it might take three to six months for them, but it might take three to six years for you, there’s a big difference right. It’s just like someone is asking “how long does it take to be a good chef?” for some its going to be a long time, for some its not going to be a long time, so that has to do with, how much you know, and your skillsets. Another way I also look at this, I’ll give another good example, in the beginning in my business career, it took years for me to get to a place, where I considered a stable entrepreneur business. Now I can launch a business and I can make that profitable like in less than a month, so what’s the difference? Because now I have grown, as a person and also as an entrepereneur, that I have certain skills, I have the mindset, and I have walked the path I know what it takes to build a business, I know how the business works, I have the steps and I have done it many times. And another way I look at this is that you never want to get complacent in business, just because you’re stable today doesn’t mean you’ll be stable tomorrow. Just because you’re successful today, doesn’t mean that you’re successful tomorrow. The aim of the game is not to get rich but to stay rich, does that make sense, a lot of people they become successful they get rich but they don’t stay rich, very few do, so yes you can celebrate, give yourself a pat on the back, an at the same time, don’t sit on your ass and say, “you know what I’m successful enough and then you get complacent. That is the time when your competitions, that’s the time when they come in and they take your castle, its okay to have a dose of healthy paranoia, that what if things change, what if what I’m doing right now doesn’t work anymore, what if suddenly the technology that I’m utilizing right now, what if they don’t work anymore, What if the platform that I’m advertising on suddenly doesn’t work anymore, what if I lost my number one customer, what if I lose my number one employee, so I think having that insight that you expect the best but you also prepare for the worst, When you understand, when you recognize when you know, some of the ways that you could lose, what are some of the ways that can take you out of your game, and you prevent a lot of those things, that’s how you have a stable business, I think a lot of good entrepreneurs,they are not overly optimistic from my experience a lot of the good, highly successful entrepreneurs, who have built a company who have long term sustainable success, most of them from my experience, including myself. We spend a lot of time focusing and thinking about what could go wrong? What are some of the risk, what are some of the things that we don’t see, what are some of the assumptions that we’re making that may not be true, so we don’t want to be overly confident, we want to have that little bit dose of healthy paranoia http://www.flamesbate.online/2019/09/as-entrepreneur-how-long-does-it-takes.html?m=1 |
Re: As An Entrepreneur, How Long Does It Takes To Make Your Business Stable? by Nobody: 7:37pm On Sep 28, 2019 |
Well it depends.... Information overload is the cancer of business.... Instead of examining everything before u start.... Start first, pick a mentor to help teach u then add ur own ideas to innovate ... |
Re: As An Entrepreneur, How Long Does It Takes To Make Your Business Stable? by jerflakes(m): 10:03pm On Sep 28, 2019 |
It takes as long as it takes. You can't just predict. Who you be? 4 Likes |
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