An Entrepreneur Needs to be Determined and Persistent By Galit Zamler
Lee Iacocca: You've got to say, 'I think that if I keep working at this and want it badly enough I can have it.' It's called perseverance.
One of the most common reasons for entrepreneur failure and business closure is the lack of determination and persistence.
Those who are not determined to persevere until success tend to jump from one idea to another when encountering difficulties. If you don't try to overcome the difficulties and deal with them, none of your ideas will get the chance to mature into something successful.
In contrast, successful entrepreneurs talk about the difficulties and the ways of dealing with them - sometimes in very creative ways.
Mental preparedness for dealing with difficulties
An entrepreneur starts with a good idea, continues to the design stage, and then arrives at the performance.
During this process, the entrepreneur will almost always have to deal with difficulties. In order to handle these difficulties, the entrepreneur must show determination and persistence, and to continue advancing the project to achieve the desired goals. Otherwise, every little difficulty will vanquish him.
Talking about this issue with young students by implementing the program Entrepreneurship for Kids makes them understand the process of entrepreneurship, and enables them to be ready to tackle difficulties, making them understand that these difficulties are challenges which they have to go through in order to achieve success.
An example of an entrepreneur:
In an interview, the Israeli Arack Mabrouka manufacturer's founder described the experience of an entrepreneur who started from scratch:
Lives of the entrepreneurs are full of disappointments, failures and endless soul bins. Entrepreneurs have to insist people listen to their ideas, to persevere and to convince the right people, who can invest and help in developing the project. The entrepreneur must be willing to take risks and know that it is possible to lose.
Take the following into consideration: Raising ideas for projects can be misleading at first since, until the actual project, the entrepreneur may not think of all the details required for its implementation.
So, if you have decided to be entrepreneurs, prepare yourself mentally for surprises, difficulties and bumps that you may have to deal with.
Such mental preparation will help the entrepreneur to deal with difficulties and to persevere in the implementation of the project all the way through to success.
The video: How bad do you want it? expresses this the message clearly.
Energy and Excitement
Determination and persistence are accompanied by energy, which pushes the entrepreneur to keep going, even when they encounter challenges, which they always do.
The entrepreneur's energy and excitement, from the start of the project, equip him with an advantage over others, some of whom may copy his ideas.
When an idea is original, energy and excitement continue to push the project forward and lead it to success; They motivate the entrepreneur to dedicate himself entirely to the project, even when it comes to irregular hours or finding creative ways to solve problems.
Perseverance until Success
Every project requires investing energy and resources, and when a project fails, we must understand and accept failure, but at the same time understand that it does not necessarily mean that the entrepreneur is the failure. Projects can fail, and statistics even show that the rate of success is not as high as it sometimes seems to be.
But the entrepreneur is able to identify what caused the failure, and how to fix it and improve in the future, and continue on to the next project.
This ability to overcome and continue to the next project is what leads the entrepreneur to success.
Sometimes it seems like everyone around us is successful while only our project fails, but this is not so. It is just that people know about success and want to share it, while minimizing failure. But before success, most entrepreneurs experience failure, and success comes with a lot of persistence and determination.
Old NBA-star Michael Jordan said, I've failed over and over and over again in my life. And that is why I succeed. Watch the clip here:
Max Levchin, the founder of PayPal, a successful online payment company, also explains how determination and persistence helped him succeed:
The Ability to Start Over
Entrepreneurship is a process of starting over, that is the essence of entrepreneurship.
Our natural tendency is to be somewhere safe and familiar, to be in our own individual comfort zone.
But when we talk about entrepreneurship, it's different. The entrepreneur strives to obtain this comfort zone, yet, until he gets there he learns and then understands that entrepreneurship is a process of starting over again and again, since this is the essence of entrepreneurship.
When an initiator has a concept, he initially begins to formulate the idea, to prepare a work plan, and to promote it.
Every project is a kind of new beginning. To promote your venture you have to do new things, think outside of the box, develop new skills, get to know new people, etc. All these are necessary in order to reach success.
The difficulty begins when the project fails, when the initiator is forced to start again from scratch. This can be compared to a computer system, when you need to press the Restart button so that it will start to run smoothly again. Just like this, the initiator must recognize the failure of one project, close it, and begin a new venture.
This ability to admit a failure and start over again is not obvious, it requires a positive outlook, determination, persistence and the entrepreneur's faith in their ability to succeed.
At Entrepreneurship for Kids we talk about failures, how we feel about them, and how folks we know respond to failure. We attempt to understand how we will be able to find the energy to start over once again.
It is possible to develop this ability to start over, and it seems that it's never too late to learn. You can train yourself to try new things, and to challenge yourself on an issue which you find particularly demanding. Obviously, it's better to try this with something that interests you.
The more we habituate ourselves to get out of our comfort zone, and have new experiences, the more we practice starting over without the anxiety of obstacles and new challenges. These are important qualities for being entrepreneurial.
Entrepreneur skills & entrepreneurship education