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Quitters Won’t Make It As Entrepreneurs 🚀

What are failures but a feedback

Hey — It’s Ali.

Welcome back to another story, Founder.

I have been in bed for the last 3 days, with a flu over 102 Fahrenheit. So did nothing big for the last 3 days:

This gave me enormous time to think about my plans and decide the next book I would read (with the flu and a headache, of course).

As a goal-oriented person myself, switching to solopreneurship has been an adjustment because I became accustomed to the ‘Action’ equals ‘Result’ equation.

There are a lot of things I’ve had to unlearn for years and years in a different working environment. And I realized this fact:

More work doesn’t = More high-quality output

Entrepreneurship is not for everyone. You have to be willing to run through hundreds of failures and rejections. As Paul Sweeney says — True success is overcoming the fear of being unsuccessful.

Here are 3 signs you shouldn’t leap into entrepreneurship.

1. You want to be safe

Entrepreneurship is not for you, my friend, if you are looking for safety and predictability.

There is no such thing, you can be working on an idea for years with no result or perhaps you might gain results in a few months. There are a lot of things that you need to change to get where you want to be. For instance:

  • Your mindset (to be of winners)

  • Habits that keep you out of your comfort zone

  • Knowledge that helps you save time and money

And, on the other hand, you need to prepare yourself for:

  • Slower or almost zero-income months

  • Hustling here and there to get new clients

  • Facing situations where nobody is telling you what to do

2. You are not embracing rejection

You quit after your first rejection. For instance, you work on a project for months solo or with co-founders. It’s time to pitch your idea to people or investors to raise money.

You got rejected so badly after your first meeting that you quit. All the people told you that your idea is not good or a fit for the market.

You need to embrace the rejection like you embrace the cold in winter or heat in summer. There will be always someone in your friends, family, or work life who will demotivate you.

Building a business is a lot about rejection, people ignore you:

  1. DMs

  2. posts

  3. emails

So, prepare yourself for a lot of rejection, and don’t take them personally.

3. You face the failure

You quit after 1st or the 2nd, or 3rd… failure.

Develop a mindset that you will fail a lot while you’re figuring things out. You can improve your mindset to see that failing is good, but you’ve got to start with that seed of being willing to try and fail, at least on some level.

Without it, there is no way around it.

You will lose:

  • many clients

  • will not close sales

  • Face imposter syndrome

It’s not all success and sunshine.

Conclusion

Rejection, failure, and judgment are what hold the majority back from becoming the 3%. So, if you don’t mind all of the above, then things that wait for you is entrepreneurship, the ultimate vehicle to 4 freedoms:

  1. Financial

  2. Time

  3. Location

  4. Mental

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