Sunday, March 03, 2013

New Entrepreneur: Fire, Steel and Ice

Any new entrepreneur (like me LOL) always arrive at the business arena on wings of hope and with raging fire in the belly to do something great in the world and make lot of name as well as money. But as the time passes by he/she understands that it is not as simple as living a dream instead for successful ones it turns out to be great saga of three elements Fire, Steel and Ice whereas the unsuccessful ones loses themselves in the world of despair. Before we dwell further I would first like to congratulate the successful ones for achieving the great feat which very few can actually dream of and second I would also like to congratulate the unsuccessful ones because in this world very few have guts to do what they had done.

Any new entrepreneur always pass through these three phases of the entrepreneurship saga (until and unless you have a back-up of loads of your parents money to ride on because then failures do not come with a price dear to you). So all the budding entrepreneurs and my fellow businessmen, it's time for the show to begin.

Fire: At first every new entrepreneur's mind buzzes with new ideas and innovations. The idea of name and fame, dreams of luxury and loads of money, almost certainly convince him/her to go for the new business as the raging fire in the belly and fog from its smoke clouds their judgement of what can go wrong and why. They fail to interpret that there will be plenty of people during their journey which will affect the outcome of their plans. But do not worry guys this itself is a big accomplishment that you have at least decided to live your dream (because now a days most of the people have restricted their dream to a good job with handsome pay-out) and this requires helluva lot of guts to give up an easy life for your entrepreneurship ambition. Trust me this element 'Fire' is very essential for your future success and you will go as far as you keep that fire raging in your belly and your dreams hunger for more.

Steel: During the journey of being a successful entrepreneur, you always realise that it is actually much more than just your ambition of money and fame. Not only yours but so many other families (of your employees / suppliers / associates) depend upon you and your decisions. There are times when you will come across rejection, desperation (for business, for money and most likely for peace of mind) and frustration. It is very difficult to accept failures and move ahead but you have to understand that what else you can expect on the path to success and that is why the path has been created otherwise it will not be required at all. Those who move ahead know the importance of our second element 'Steel' and those who want to move ahead must always remember that most of the stories end with sadness and desperation without this element. Now by this element steel I do not want you to make yourself steel physically (so after reading this blog please do not go and hit your gym ..LOL..) but make yourself steel mentally. Face the failures bravely (since nobody else is going to come to help you without any of their hidden agendas), try to find a way out of it or around it or whatever but hang on with the thread of hope and do not give up. Keep on moving ahead because if you will stop now, you will not be able to make a move at a later stage since that will hardly come as this cruel world of business does not give many chances. Avoid too much of desperation or frustration since either people known / unknown to you will try to take advantage of you or mostly your near ones will tell you push you to change the track. Do not worry guys about any of them as it is very easy to preach and give suggestions whereas it is very difficult to be in your shoes and live your dream and your life. People suggest or advice freely but do not help so ignore them but be careful about the people who want to take your advantage. So make yourself steel to face all these challenges and always remember anybody who have helped you in these difficult times so that you can show your gratitude later when you have reached your goal.

Ice: Now if you are able to pass the two phases of entrepreneurship, it's time to taste some success in your endeavour. However be careful, it is time to make yourself like our third element 'Ice'. Always remember do not melt away with the initial success as the key is sustainability of this success. We come across many stories where people go to top very fast but go down even faster. Now is the time not to enjoy but to first remove all your liabilities as soon as possible and reach to a stable ground in order to build strongly further. Do not spend to live in the present but save for the future contingencies. I know it is very difficult since you have suffered a lot but trust me if you do not want to suffer again in the future be ice to all these things. Enjoy but do not be an extravagant and most importantly be careful about the bee like false friends who will come along with your success as they are there only till you are on top.

If you are able to manage all these three elements in your business life, trust me nobody can stop you from achieving success. I am also going through the second phase now and hanging with the thread of hope and doing my level best to achieve success which I am sure will definitely come as that is what my heart whispers to me............

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