Entrepreneurship
is more than just a career choice. It’s a way of life. Because it
consumes your personal life as well as your professional one, it
typically changes you as a human being. Your approach to problem solving
will change, you’ll learn new skills and become more familiar with new
industries and markets. You’ll undergo a personality change — for better
or for worse. But perhaps most importantly, during your course as an
entrepreneur, your perspective on life will undergo a dramatic shift.
Within
a year or two of being an entrepreneur, you’ll more than likely find
your worldviews changing in one or more of the following ways:
1. Everything becomes subject to evaluation.
Entrepreneurs
are business commanders. They’re responsible for overseeing everything,
from operations to management to accounting to sales and marketing. As a
result, you learn to see things from a high-level perspective, and
become adept at making flash judgements and fast evaluations in
demanding circumstances. In the course of a given day, you’ll be forced
to evaluate the strength of your financial models, the productivity of
your team and the feasibility of your latest deadline projections.
As a
result, you’ll start evaluating everything in your life. When deciding
which restaurant to eat at, you’ll make a mental pro/con list. When you
go see a movie, you’ll think about all the strengths and weaknesses of
the picture, and evaluating each situation in terms of its risk and
reward in the context of the film. It will feel so natural, you may not
even notice it.
2. Decisions seem less consequential.
Everyone
makes dozens of decisions each day, ranging from what color socks to
wear to whether or not to move to a new city. As an entrepreneur, you’ll
be making even more decisions, and most of them will seem more
significant than “ordinary” decisions, yet you’ll come to realize that
bed decisions can sometimes yield decent results and good decisions
don’t guarantee victory.
After
several months of helming your business, you’ll see decisions as
essential, but less consequential. You’ll no longer be intimidated by
the potential fallout of a bad decision; instead, you’ll make the best
decision you can as quickly as you can, and you’ll move on.
3. Problems are less intimidating.
In
startups, problems seem to arise out of nowhere. Every day, there’s at
least one new fire that needs put out and at least one major change you
never saw coming. Throughout your stay as an entrepreneur, you’ll become
better at handling these problems as they come up, and all the other
problems in your life will become less intimidating, too. Rather than
seeing them as show-stoppers, you’ll see them as simple puzzles that are
unavoidable and demand to be solved.
4. People become more important.
Entrepreneurship
helps you see the importance of other people in your life. Your family
and friends will be there to support you during your most stressful
times. Your investors and mentors will help guide you to make right
decisions. Your partners and team mates will help you see your vision
through to success. Your clients will make or break your business. Human
relationships will dictate your success, and as such, you’ll learn to
value them more.
5. Ideas are no longer fleeting.
During
the course of a given day, I’d wager the majority of ordinary people
come up with at least a half dozen ideas. Those ideas may be large, like
an idea for a new business, or small, like an idea for a new dinner
dish. They may be good or they may be bad. Regardless of the quality or
scope of these ideas, the majority of them are released, never to be
thought of again.
As
an entrepreneur, you see firsthand the value of an idea. Even bad ideas,
if worked on, can become good ideas, and even ideas that never manifest
in reality can be learned from if they are properly explored. After
your course as an entrepreneur, you’ll never let another of your ideas
go immediately. You’ll hold onto each one, explore it and consider it
for application. Similarly, you’ll be more willing to hear and explore
the ideas of others. You never know when or how your next great venture
will begin.
Don’t
let these perspective changes intimidate you. It’s true that
entrepreneurship changes you, but in most ways, it changes you for the
better. Besides, if you aren’t prepared to take a risk for a potentially
monumental gain, you might not be cut out to be an entrepreneur in the
first place. Your time as a business owner will be a challenging,
rewarding and exciting journey. Whether you fail hard or become a
massive success, you’ll be grateful you took it.
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