Entrepreneurship is all about being your own boss. Most people who head towards entrepreneurship do so because they don’t like being answerable to anyone. Instead, they like being answered to. There are only a few who start a business solely because they have an excellent idea. Entrepreneurship, in other words, define freedom for many. This is where it all goes wrong.
Of course you are free in that you are your own boss but that doesn’t mean you can function in that lofty state. Being independent is good but if you want a successful business, you will need to be co-dependent. Here are a few tips to help you dodge the curse that the extreme desire of freedom comes with:
This is your first step. You need a partner. Yes, I know you want to do it independently and you’d much rather handle everything on your own but as aforementioned, it is very important to be co-dependent. This is why you should look for an ideal partner. You need someone whom you can trust and someone who is knowledgeable in aspects that are your shortcomings. I’d suggest that you not go for someone who thinks like you. You need a partner who will complete you. He should rise where you are not able to and he should have a difference of opinion so that you come together to innovate.
If, for any reason, you are without a partner or choose to function without a partner, you should fill that void by hiring great employees. Remember that the employees you hire should be better than you in at least one way. They will be the driving force of your company and thus, you should pay very close attention to your hiring process. You need the best of the best to compensate for the absence of a business partner.
If you have a business partner, you can be a little flexible but of course, you should ensure you hire good employees.
Yes, I know you love power and you love controlling each and everything but you can’t do that for long. In one aspect or more, you will have to relinquish control and start delegating. You may dislike it but it is in the interest of your business. In order to be able to delegate you should be able to trust. You should always be surrounded by trustworthy people.
You will be extremely happy and excited when the business starts but soon that can evaporate. The stress might get to you and you might start losing interest. To avoid that, you should remind yourself about the reason why you started off each and every day. You should keep motivating yourself. Also, try being positive. Smile. Eat well. Be grateful. That will help your productivity.
Success comes when you learn how to include trustworthy people in your business and then learn to share control.
Sure, starting on your own gives you freedom but you should never let the desire to be solo overwhelm you. You are your own boss but you need other people to run the business. You need a great partner or great employees or perhaps both. You also need to delegate work so that you don’t succumb to the pressure of controlling everything. Also, try being happy and stay motivated!