x
According to The Washington Post, in 2021, over 4 million Americans quit their jobs with the omicron wave of COVID-19. Eventually dubbed “The Great Resignation,” the sudden churn in the U.S. labor market wasn’t just the result of an economical hit, but instead, workers changing the dynamic of their employment and seeking opportunities they likely would have never pursued otherwise.
Not surprisingly, it’s estimated by Salesforce that nearly the exact number of Americans (4.4 million), started their own businesses during the pandemic, as well.
These numbers are significant because it represents the leap that people took in an effort to become rich. It used to be just a noble dream that people never acted on.
This was the literal example of not letting fear get in the way; COVID-19 was the most unprecedented event our generation had ever experienced. By all accounts, it was the most fear and pandemonium we had seen in a long time; and yet, despite the global fear, entrepreneurs thrived.
But why do entrepreneurs still fail at their dream of being successful? The answer is simple: Entrepreneurs have two characteristics…ignorance and courage.
When we say “ignorance” is key to entrepreneurship, we’re not suggesting the importance of being an idiot. Rather, we’re saying don’t let what unproductive knowledge you may have, hold you back. For instance, kids are prone to saying they want to be things like an astronaut, a pro baseball player, or the President. They lack the knowledge to know how hard it is to achieve those dreams, so they don't limit them. They are ignorant in the best possible way. They still dream and believe they can achieve those dreams.
The best entrepreneurs are willfully ignorant. When they have a dream, they pursue it with passion. When others tell them it can’t be done, they ignore that noise and push forward. When their own mind tells them to quit, they ignore their negative thoughts and press on.
The reality is that many entrepreneurs are very smart and have a lot of knowledge, but they don’t let that knowledge discourage them. They have the courage to overcome the fear that knowledge can bring.
For example, Lendingtree finds that almost 50 percent of all businesses falter in the first five years. But entrepreneurs don’t pay attention to statistics like that because in the real world, courage is more important than knowledge. Ignoring negative thoughts is key to having courage. Always remember, your mind is infinite and your doubts are limiting.
The problem for most business-owners, however, is not becoming an entrepreneur, but moving past being self-employed.
Every entrepreneur has to start somewhere.
The trap many entrepreneurs fall into is thinking they are the expert on everything and that they have to do everything. They do not trust others with their business. The truth is that you are probably not an expert at all, and you can’t possibly do everything.
More than likely, you have one or two skills you excel in and that you should be focusing on. Building a team of experts is how a true entrepreneur grows his or herself and the business. Having a staff you can trust and that are bought into what you are doing allows them to work in your business as you work on your business.
If you want to be an entrepreneur, you must have the courage to fail. You need to be brave enough to move forward despite knowing you don't know everything, ignore what needs to be ignored, and have the tenacity to push forward despite all odds.
You need to develop your skill set, master yourself, and then act.
If you fail, learn. Take it as an opportunity to increase your financial education and intelligence. If you succeed, relish your success. You can only know the sweet taste of victory after many bitter struggles.
What’s holding you back?
Let's Get Started: www.millionairedreams.com
