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Which one thing you would choose to work on again and again if you want Sense of
Satisfaction, Freedom and Sense of Contribution to make this world a better
place?
If you ask me, I would say: The best answer is:
Become Successful Entrepreneur.
In old days, Entrepreneurship was about
starting a business. However that definition is incomplete in this new world.
Today, entrepreneurship is all about helping
people solve their problems, taking
them from where they are to where they want to be and getting paid for doing
that (yes, getting paid is important too).
It’s true for both online businesses and
offline businesses.
We can see the increasing trend in today’s
professionals to choose entrepreneurship as a new career than just keep working
on a job for the life time.
However,
There are numerous challenges faced by these
budding entrepreneurs.
Here are the Top 10 of them:
(1) Worry about their Financial Safety
(2) Lack of Knowledge about exact Next Steps
(3) Lack of real life Business Idea
(4) Lack of Required Self-Confidence
(5) Lack of Success Coach / Mentor
(6) Fear of Failure
(7) Non Supportive People around them
(8) Lack of Clarity
(9) Lack of Big Dreams
(10) Fear to Leave Comfort Zone
I’ve personally experienced most of these challenges
before I became a Successful Author, International Speaker and Branding Expert.
Here are my 10 keys for your success in
Entrepreneurship venture:
(1) Make Financial Safety Plan
(2) Get Strategic Knowledge about exact Next
Steps
(3) Identify Business Idea that works
(4) Build Self-Confidence
(5) Get Success Coach / Mentor to help you
(6) Learn Strategies for Success
(7) Build Supportive Team
(8) Get Clarity of Future
(9) Set Big Dreams & Passion
(10) Make Effective Blue print to Succeed
You don’t need everything at the beginning
however you will need to look after most of the things during your
Entrepreneurial journey.
However, the journey of Entrepreneurship can seem
lonely because you will be burning mid night oil to look after various pieces
of the unknown puzzle and it will seem like giving up in between.
Imagine you are going for a mountain climbing
adventure. It’s all excitement and passion at the beginning. However when the
terrain gets harder and harder (which is true in majority of the cases) you may
feel like stuck somewhere in between. You can’t even go forward due to
obstacles and you can’t even return due to fear of failure or what other people
will say about you.
To help you successfully handle all these
emotions and assist you to explore the window of opportunities, a good success
coach can be very useful.
You may ask, why coaching is essential for
today's new breed of entrepreneurs? Well, here are the 6 major benefits of
coaching for budding entrepreneurs.
1) Managing your Self-Motivation: Whenever
I work with someone, I strive to dig out the WHY behind their actions. The
stronger the WHY, bigger the self-motivation.
If you
have stronger reasons to proceed, you will be tough in handling obstacles. Col.
Saunders (Founder of KFC) was financially poor when he started and his desire
to succeed financially became his motive to succeed in his field.
Imagine
your entrepreneurial journey as a rocket. You need fire at the base to propel
you forward.
2) Strategic Guidance: Whenever
you’ll start your entrepreneurial journey you may not be aware of all the Key
success factors in building the products, marketing, selling, negotiating your
deals, finding the investors, recruiting high performance teams, handling
economic fluctuations etc. With the help of right coach you will succeed in
your new venture and minimise your losses.
3) Managing Change: While
working on your business dream, you might be working on your full time job to
back up your economic side. You might be sleeping less, ignoring your health
and spending less time with your family. With the help of a coach, you can
identify the potential roadblocks and come up with the contingency plan to deal
with them. It will help you succeed in keeping work-life balance so that you
cannot give up on your business dream.
4) Managing your Failures: The
biggest mistake I see, budding entrepreneurs are making, is to expect smooth
ride. How much I wish, to happen it for you, but in real world life will throw
at you many challenges which you may not even dreamed of.
After my
MBA, when I started working, I got laid off. It was a recession time in the UK.
I couldn’t even get a new job. However my desire to finish stronger was so
intense that I fought back the obstacles. Took a job as door keeper at an Arts
centre where my job was to see the ticket and let the audience in. It was hard
time but that taught me many life sessions which otherwise I couldn’t have
learnt elsewhere. You must be able to manage your failures and finish stronger.
5) Managing your Efficiency: With the
help of right coach you can identify real value adding activities and separate
them from non-value adding activities. You can do more things which matters
more and spend less time on the things of less importance. You should be able
to delegate, eliminate, and automate your activities.
6) Managing your Money: You
cannot ignore the importance of money management in business. It’s not a one
off thing. You have to be laser focussed every year. Hundred year old companies
such as Lehman Brothers have gone bankrupt by ignoring this.
Don’t let
this happen to you. Learn to manage your cash flow. Learn to manage money.
From past 7 years Success Coach Nilesh has been
helping entrepreneurs to make their dream become a reality. In the very first
year of his consulting business, he was the finalist for Best New comer to
Consulting and Most Outstanding Achievements towards continuous professional
development in the UK. He currently lives in London, UK and also support
clients worldwide via Training, Coaching and Consulting Sessions.
Keep in touch.
Be Unstoppable 
- Sincerely Yours
Success Coach Nilesh
Branding - Marketing & Growth Strategist for Professionals, Executives & CEOs
See more at my website: www.SuccessCoachNilesh.com
Learn Step by Step Method
of
"How to Quit Job & START Your Business"
in this book:
(Don't Miss the Secret Extra Bonus INSIDE)
