If
you want to become an entrepreneur, then you need to be aware of the fact that
when being an entrepreneur emotions are
multiplied one moment you are happy the next you are sad
en don’t know what to do compared to when being employed. This is what we
call emotional rollercoaster of being an entrepreneur.
As
an entrepreneur, your business will be either successful or not (e.g. measured
by revenue and market valuation). After you test your product-market-fit (talking to potential clients, working
on a website feature, talking to investors), your expectations
will change because
you automatically push forward into
the future. This is the beginning of the emotional rollercoaster! Even Superstars may
experience a similar situation.
“It’s been quite a
roller coaster ride, but I’ve grown and learned a lot about myself”. (Christina
Aguilera)
1. FROM HEAVEN TO HELL – You are in this situation, when you
got some bad news that
you push forward leading you to believe that all is lost. Losing an important client;
you get the news that you have lost you biggest client who is responsible for
40% of your sales, how do you feel about that?
2. FROM HELL TO HEAVEN – this is the type of a situation where you receive good news and push forward into the future
leading you to believe that you might be next Mark Zuckerberg or Bill Gates. Your start up is doing
so well that you are way ahead of your plan, your sales have exploded you can
almost not keep up with the demand. You have a fat bank account and the giants
in the industry like the likes of Google want to buy you for billions of
dollars and you turn them down.
In
order for you to enjoy the ride manage your expectations, focus on doing and be less influenced by what happens. There
is need to balance the visionary and operational part, avoid being carried away
by your vision that you forget your priorities at the moment. Focus on sales,
operations and your Key Performance indicator and you will be happier. Don’t get
too emotional or else you are going to kill you self, focus on what is important
or what needs to be done to change the current situation.
Am
sorry to say that as an entrepreneur, you will have more bad days than good
ones. It’s something that business schools fail to teach us, they make us think
that its an easy ride and within no time we will be swimming in shit loads of
money. It does not work that way, there are moments of despair and others that
call for celebrations.
Enjoy
the ride!!!! No matter what you experience it will take you to special places.
Tags:
Start-ups