Entrepreneurship advice from father to daughter

Entrepreneurship is a fun business (pun intended). “Risk taker” and “innovator” are now terms used as synonyms for a successful entrepreneur. But what is entrepreneurship?

Entrepreneurship is a process where you constantly learn, unlearn and relearn most of the skills you have learned up to this point. It’s about seeing opportunities where none seem to exist, and it’s about solving problems that seem intractable to the experienced eye.

Courage and spirit to continue

The number one factor in a successful entrepreneur is courage. And the grain that goes with it is the spirit. They must have the determination and determination to continue towards their goal despite the many obstacles that will mark their path.

An entrepreneur tells a story of resilience and perseverance while walking the path to success.

Entrepreneurship is like recreation

Owning a business can give you a sense of freedom, much like playtime. The experience of planning and building your business, and watching it grow, is like building towers with lego blocks or creating a beautiful picture with oddly shaped puzzle pieces.

Follow the evolution of times

When you’re an entrepreneur, you’re like a kid going wild in a playground with an array of swings, slides, and other equipment. The catch, however, is that these elements continue to evolve with each passing day, asking you to grow with them. If you don’t, you will fail to use up the game time completely.

A cardinal rule never assumes that everything around you is constant. The world turns in an instant and it is essential that your business adapts to this change with the same speed, to continue to evolve.

It is essential to revel in the ability to learn and update your skills, and to reshape your business in a world that is changing at lightning speed.

Take a page from the past

While dynamism is vital, learning from the past is also crucial. We may have left the past behind, but the past never leaves us behind. History is known to repeat itself, and these patterns repeat themselves, albeit lightly in disguise and covered in new skin.

Losing your beginner’s eye is losing the very edge you have over others.

Solve problems creatively

Taking risks, being passionate, patient and a hard worker all define a successful entrepreneur. But they’re also creative problem solvers who strive to realize their visions by coming up with dynamic solutions.

Karl Duncker’s “Candle Problem” is a test of creative problem-solving. It was developed to challenge “functional fixity”, a cognitive bias rendering it incapable of using familiar objects in original and unique ways.

Subjects received a candle and a box of thumbtacks. The challenge was to attach the candle to the wall with the tacks. Participants tried attaching the candle directly to the wall with the tacks or gluing it to the walls by melting it. Few have thought of using the box as a candle holder.

The heart of being an entrepreneur is understanding the complex web of problems and focusing on solving them.

Always have a support system

Always remember the two pillars of entrepreneurship – question everything, listen to everything. As entrepreneurs, we must constantly challenge the status quo and listen to our teams, peers and customers. There isn’t much an entrepreneur can do without a staff who support their dreams and visions.

From strategic business planning to crisis management, an entrepreneur with a support team can be prepared for any challenge that comes their way.

Finally, the thread that holds everything together – have fun! Because being an entrepreneur is a commitment that only has value if we take full advantage of it. True passion for solving the world’s problems only comes with a smile on your face. So never forget to smile and rethink the solution to the problem you are about to solve.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)


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