On BU$I₦£$$ DIG£$T this morning, September 7, 2021
There are nine(9) truths I consider brutal every Entrepreneur needs to know before they start their first business.
When it comes to Entrepreneurship, one of the most common mistakes young dreamers make is, not knowing the challenges that lie ahead.
They approach the craft with this idea that Entrepreneurship will be filled with sports cars, vacations to Bali, a perfectly productive team, and critical acclaim from all the major publications.
The truth is, Entrepreneurship is actually a never-ending road of obstacles wherein only the fittest survive.
As my mentor told me many times, “It always takes twice as long and costs twice as much.” If you think the app will be done in three months, assume six, if you think your costs for the first year will be about ₦100,000.00 they will probably be double.
So much of entrepreneurship is about dealing with what comes along the way, and knowing that no matter how much you try to plan things out; there will always be unforeseen challenges.
Here are the nine brutal truths you need to understand before you set out on your journey:
Just the main headings, you can expatiate and digest and the name of this article is known for
1-YOU NEED TO KNOW WHAT YOU DON’T KNOW!
2-NOT ASKING QUESTION IS A WEAKNESS!
3-SUCCESS DOESN’T HAPPEN ALONE!
4-ANYTHING GREAT TAKES TIME!
5-JUST BECAUSE YOU CAN, DOESN’T MEAN YOU SHOULD!
6-YOU ARE NOT BUILDING AN IDEA. YOU ARE BUILDING A BUSINESS!
7-IDEAS ARE ONLY AS GOOD AS THE PEOPLE WHO EXECUTE THEM!
8-IF YOUR COMPANY IS YOUR MAIN HUSTLE, YOUR PERSONAL BRAND NEEDS TO BE YOUR SIDE HUSTLE!
9-IF YOU ARE CHASING THE MONEY, YOU WILL MISS THE BIGGER OPPORTUNITY!
_If you learnt anything from this, kindly share with someone out there._
_*Dr. Emmanuel Idenyi Shaibu*_
_animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, ACCrFE_
The Millennium Entrepreneur