Getting over the fear of entrepreneurial pitfalls
Farrah Gray/NNPA Columnist
Issue date: 9/13/09 Section: Business
The key to survival for entrepreneurs lies in the ability to redirect failures instead turning challenges into new opportunities. The art of building success is predicated on the basic qualities of innovation, knowledge and not being afraid to fail. The common weakness of many is their fear of pursuing lofty dreams. It is often through failure that people gain the most valuable skills towards building success.
Whether you agree with his policy or not, it is a fact Barack Obama faced many extraordinary challenges on the path to becoming the first Black President of the United States.
He once stated, "Making your mark on the world is hard. If it were easy, everybody would do it. But it's not. It takes patience, it takes commitment, and it comes with plenty of failure along the way. The real test is not whether you avoid this failure, because you won't, it's whether you let it harden or shame you into inaction, or whether you learn from it; whether you choose to persevere."
Even if Obama had knowledge and skills he would have gained anyway. Most importantly, had he failed in accomplishing his election goals, think of the invaluable and lasting affect his campaign process had in beginning to change the direction of our country's history and the national seed of open dialogue planted among citizens.
Fear is the primary obstacle that prevents potentially great entrepreneurs from realizing their dreams. The data proves that over 44 percent of all business startups fail within three years. However, the value learned in the process and skills gained by entrepreneurs far outweigh the possibility of failure. It is through learning the art of overcoming unpredictable challenges that we achieve true personal and business success.
In the early years of building a business, it is common for entrepreneurs to struggle with understanding many necessary elements including;
1. A true understanding of the customer's needs and buying habits. Why do customers spend their money for product or services?
Whether you agree with his policy or not, it is a fact Barack Obama faced many extraordinary challenges on the path to becoming the first Black President of the United States.
He once stated, "Making your mark on the world is hard. If it were easy, everybody would do it. But it's not. It takes patience, it takes commitment, and it comes with plenty of failure along the way. The real test is not whether you avoid this failure, because you won't, it's whether you let it harden or shame you into inaction, or whether you learn from it; whether you choose to persevere."
Even if Obama had knowledge and skills he would have gained anyway. Most importantly, had he failed in accomplishing his election goals, think of the invaluable and lasting affect his campaign process had in beginning to change the direction of our country's history and the national seed of open dialogue planted among citizens.
Fear is the primary obstacle that prevents potentially great entrepreneurs from realizing their dreams. The data proves that over 44 percent of all business startups fail within three years. However, the value learned in the process and skills gained by entrepreneurs far outweigh the possibility of failure. It is through learning the art of overcoming unpredictable challenges that we achieve true personal and business success.
In the early years of building a business, it is common for entrepreneurs to struggle with understanding many necessary elements including;
1. A true understanding of the customer's needs and buying habits. Why do customers spend their money for product or services?
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frasi
posted 9/21/09 @ 1:17 PM EST
It is important to understand the most common characteristics associated with successful entrepreneurs as well as the elements associated with the "dark side" of entrepreneurship. (Continued…)
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