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7 Things I Learned In 7 Years of Owning a Business

We all learn from experience and since every experience is different, I believe it’s worth the mention

Image by 巻(Maki) from Pixabay

So let’s cut to the chase — here are 7 things I learned during my 7-year entrepreneurship journey

Image by Clker-Free-Vector-Images from Pixabay
  1. All it takes is for you to love your job and business field. I will not get tired of repeating this. Try to imagine your future professional life — the imagery should always bring you happiness and fulfillment! After all, we spend the majority of our time at work — imagine what would it be if we hated it? Being not aligned with what you do and what you actually want to do is extremely difficult and damaging for your mental health and inner world. So my advice is to always choose wisely and don’t give up before you arrive where you want to be.
  2. You have to take care of both your business and yourself. Many aspiring entrepreneurs lose their focus when it comes to paying attention to their own physical and mental health since they direct all their energy and efforts to the newly acquired enterprise. Don’t get me wrong — making sure your business is running smoothly is a must; all I’m saying is that you should also take care of the business owner. If you let your physical and mental well-being deteriorate, I can promise you that soon your business would follow. You need strength, a clear mind, and lots of energy and inspiration in order to make things work.
  3. Failure is my friend — and yours too. Look, I get it, many people (including myself) fear failure and try everything they can in order to avoid it at all costs. To us, failure seems like the ultimate proof that we are not as good as we thought we were. But let me tell you one thing that’s certain — this couldn’t be any farther from the truth. Failure is a natural way for things to happen sometimes — we were not born educated and experienced enough. It’s indeed failure that helps us further elevate our skills and teaches us how to handle different types of situations merely because we’ve messed them up sometime in the past. This gives us a great perspective on how to do things differently the next time around.
  4. Always plan ahead. In business, thinking in perspective is actually great and incredibly beneficial. You see, it’s not about establishing the company only — it’s about having a stable business plan that also allows flexibility when needed. Planning ahead allows the entrepreneur to foresee events before they happen and this way they can prepare both themselves and the team for implementing necessary changes.
  5. Rigidity is not your friend. Being way too rigid is perhaps one of the biggest obstacles when it comes to establishing and running a business. It’s the flexibility that allows the entrepreneur to adapt to change and take U-turns when necessary. In fact, being in business is often an unpredictable experience — that’s why it’s essential for you to be open-minded and willing to change the course of your initial planning if needed.
  6. Surround yourself with professionals who enlighten your day. A successful business is one that is run by impeccable professionals — that’s the truth. The minute your enterprise takes off, that’s the moment when you’ll need to hire experts to help you develop and grow. The keyword here is experts — don’t get fooled by the idea that in the beginning you’re allowed to hire just about anybody. Right from the start, invest time and energy to build a dazzling team of professionals that will stick around for the long run.
  7. It’s normal if there are times when you want to ditch it all. I think it would be good for you to burst the bubble of thinking that entrepreneurship and owning a business would be smooth sailing all the time when you don’t overthink your choice not even once. In fact, it would be quite normal for you to have moments of doubt, wishing to throw it all away and get back to the 9-to-5 regimen. Don’t be scared of these thoughts — they represent the ruff patch and the ruff patch always represents overcoming obstacles. After the obstacles, there comes success!

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Ivan Popov

i was once an athlete. then a journalist. now i am a ceo of vipe studio. still running marathons though.