this number by itself doesn’t mean anything. It’s just your number, but what if we give it a meaning? 39.1%. now, you are wondering 39.1 % of what? Let us give you the final answer: 39.1% of individuals who could and would like to start their own business are held back because they are afraid of failure. Does this number shock you? Sockseed is definitely shocked, as we put our hearts into helping future entrepreneurs polishing their ideas and giving them the stimulus to keep going.
Today we want to share some stories of great entrepreneurial successes! But before that, let us give you 5 tips or should we say key steps for you to stay on your course!
1. Take a Break
The Gallup-Healthways Well-Being Index found nearly half of entrepreneurs reported experiencing a lot of stress. (And the other half just won’t admit it!). we know that there is nothing easy about starting a business. It may appear that way on the outside to others, but trust us, it is a nonstop, soul searching, relentlessly exhausting journey. Entrepreneurship is 24/7 job, without any breaks, that’s what most of the new-comers as well as old entrepreneurs think. However, be realistic, all of us need some breaks. It’s better to take a break, than to overwork yourself and become “unproductive”. Thus, hear what Sockseed has to day: Take that summer or winter break and enjoy some family time!
2. Priorities Matter
As an entrepreneur, you want to be in control of everything, as everything is important. Yet you are being pulled in all different directions at the same time. The most successful entrepreneurs focus on identifying the most critical issues they need to solve right now. Is it hiring? Product launch? Funding? Once you’ve taken your time away and unplugged, you’ll be in the perfect mindset to take a fresh look at your business’ big-picture, identifying and focusing on top priorities, because priorities matter!
3. Ask for Help
We’ve mentioned this before, but we will be mentioning this as many times as we need to. Disregard your stubbornness and ask for help if something is not going right! Be it your loved one, your friend, google or even Sockseed. Entrepreneurship should not be a lonely journey! Sometimes, just asking that question might give you a different perspective on the problem.
4. Stay Positive
We know that staying positive is not that easy, when there are tons of problems coming your way. But we still urge you to be, as no matter what, if you lose that spark that started your business, even the best work will become a chore, and we don’t want that! We want you to always look into the future, no, no need to put on pink glasses, but really there’s no need for always be so pessimistic! Find one positive thing and aim for it!
Some Success Stories
As entrepreneurs, we know that this path is not rosy as some might think it is. so, before we loose you we want to give you some success stories that should inspire you! These are the stories that you have never heard about the companies that we hear about every day!
The Pierre Omidyar way
In 1995, a computer programmer started auctioning off stuff on his personal website. AuctionWeb, as it was then known, was really just a personal project, but, when the amount of web traffic made it necessary to upgrade to a business Internet account, Omidyar had to start charging people fees. He actually hired his first employee to handle all the payment checks. The site is now known as eBay.
The John Ferolito and Don Vultaggio way
Back in the 70s, a couple of Brooklyn friends started a beer distributor out of the back of an old VW bus. Two decades later, after seeing how well Snapple was doing they decided to try their hand at soft drinks and launched AriZona Green Tea. Today, AriZona teas are #1 in America and distributed worldwide. The friends still own the company.
The Howard Schultz way
A trip to Milan gave a young marketer working for a Seattle coffee bean roaster an idea for upscale espresso cafes like they have all over Italy. His employer had no interest in owning coffee shops but agreed to finance Schultz’s endeavor. They even sold him their brand name, Starbucks.
The Konosuke Matsushita way
In Japan in 1917, a 23-year-old apprentice at the Osaka Electric Light Company with no formal education came up with an improved light socket. His boss wasn’t interested so young Matsushita started making samples in his basement. He later expanded with battery-powered bicycle lamps and other electronic products. Matsushita Electric, as it was known until 2008 when the company officially changed its name to Panasonic, is now worth $66 billion.
The Steve Wozniak and Steve Jobs way
While they had been friends since high school, the two college dropouts gained considerable exposure to the computer world while working on game software together on the night shift at Atari. The third Apple founder, Ron Wayne, was also an Atari alumnus.
We are not saying that you should be like them, but what we want to see from you – future entrepreneurs – is your drive to accomplish your goals! And if you need help with polishing your idea or just have questions SockSeed will be here to answer all of them!
SockSeed’s platform can help you with all these tips so do not hesitate to contact us. We know that every beginning looks scary but those tips should help you feel more motivated. If you find value to this post then get ready for many more articles to come written just for you!
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