Steli Efti was one of the speakers at Startup Istanbul 2015 Conference. During his stage talk, his energy was filling the room with enthusiasm and positivism. He spoke about the importance of learning how to hustle and why it will help you on your way to becoming successful entrepreneur. Continue reading
You have this great idea and you believe that it has the potential to become successful business. You feel confident in your skills and knowledge. You have all that it takes to become part of the entrepreneurial world. But there is something that holds you back. You are not the only one. Many others delay the launch of their startups and here you can find the most common reasons for this.
You wait for the perfect moment
Looking for perfection in any startup venture is the reason why we don’t see many successful ideas to be executed. Startup companies are in search for suitable business models. “In search” means that they need to develop and adjust to the market. If you look for perfection in your startup, then you are not completely embracing the purpose of it. Save your ideals for later and just start from where you are now.
You are afraid from failure
To start a business venture of any kind and scale, you need to be ready to risk. Look at the possibility of failure as a potential source of experience and knowledge. The failure by itself is not that scary, what is scarier is the fear of it. In order to overcome this barrier you need to ask yourself what is more important: not to fail or not to try.
You don’t know where to start from
Every beginning looks unclear. Look at the whole picture like it is a puzzle with unknown count of pieces. Start from the place that looks readable to you and soon you will find the way to add the rest of the pieces to your beginning look. Once you start you will be able to see the big picture easily and clearly.
To build something big, you need to start from somewhere. You need to create your own beginning. Start with what you have, leave the perfection for later, turn the fear of failure into motivational force and you will be able to begin your startup journey, feeling more confident and prepared.
Setting goals is important, especially when it comes to maintaining strong motivation and self-confidence along with providing the opportunity to monitor your progress by following your goal plan. Your business plan epitomizes some of your business goals and by following it you can still manage to measure your startup’s progress. But entrepreneurship goes far beyond the business plan because it is a state of mind which requires strong discipline and talent to achieve what is needed to be achieved in order to innovate.
Setting goals is not the hardest thing that we do. The hard part comes when we try to figure out the road map to follow, which will lead us to turning the goals into reality. Decide to do some small changes and make them work for you and help you come one step closer to achieving your biggest goals.
Every goal can be executed if you set the right mindset and decide to divide it into small steps. Even the hardest goal looks easier when it is divided into parts. Every single small change that you make, every single step forward that you decide to do in your daily routine will take you one step closer to achieving your goals.
The right way to set goals can be defined with these three steps:
1. Make your goal as clear, detailed and comprehensive as possible.
2. Break the main goal into small, everyday goals. In order to achieve something big, you should be ready to spend a lot of time and effort on it. By breaking something into parts you will be able to look at the whole picture from another angle. It will look less scary and much easier to be achieved, which can boost your motivation. The results will be easier to be seen, which will bring the rewarding feeling of achievement.
3. Set action plan. Once you know what you have to do in a sort and long term, it will be much easier for you to create your execution plan, to include it in your schedule, to stick to it and easily measure your progress.
Creating and keeping a good habit, especially a daily habit, can take time, but will actually help you to become happier, more productive and more successful in the long run. Forming a good, healthy habit doesn’t happen overnight, but once you achieve it, it will most definitely pay off. Here you can find five game-changing ways, which will help you to embrace the challenges of entrepreneurship and will make it easier for you to deal with the obstacles you face along your way to changing the world through innovation and creativity.
Embrace a healthy daily habit
Many entrepreneurs neglect their health for the sake of long-hours of work. Your health is the most important asset that you have – if you are not healthy and if you are in a bad physical and mental shape, your business will never be able to thrive and you will end up not on the cover of Forbes, but in some hospital bed. So, if you want to be successful, embrace a daily healthy habit: eat balanced meals, drink lots of water, find time to work out and always get a good sleep.
Plan ahead, focus and avoid multitasking
Try to create your daily schedule by yourself. Never let your assistant to do it for you. Plan ahead, learn how to prioritize, focus better, avoid multitasking, never overload your to-do list and you will manage to achieve more than you expected in a shorter time.
Trust your gut
In business, most of the important decisions are made based on solid data and research, but there is one ingredient of success, which not every entrepreneur puts in their startup. Not many people trust their intuition and often they regret it. If you want to create a business with no regrets, it is important to be prepared and to have your decisions backed up with data, but you should also believe in your intuition and trust your gut.
Always say what you truly think, without being mean or hurtful, of course. Say Yes only when you truly mean it and you will be respected for your honesty and direct communication skills. In business, time is one of the most valuable assets and by being honest you will save yourself and others lots of time.
Talk less, listen more
Everyday try to find time to have a conversation with the most important people for you and your business. Always listen to what they have to say. Pay attention to their problems and try to help with the solutions. Listen to your team members, to your customers, to your business partners, to fellow entrepreneurs, to the investors and to your mentors. You will be surprised how much more productive you will be by turning every conversation into valuable source of information.
All entrepreneurs, who manage to start and grow their companies just from an idea through great action plans and execution, are the people who are shaping the future. Entrepreneurs are the visionary people who see the world differently, who want to solve problems and bring solutions, who know how to turn obstacles into opportunities and are aware of the fact that their failure will just make them stronger. The world needs more entrepreneurs. But where is the entrepreneurial spirit raised?
“Universities: Get into the game. Get into the entrepreneurship game.” Prof. Erhan Erkut during Startup Turkey 2015 event
In many universities there are classes of entrepreneurship that teach business fundamentals, common practices and give valuable information about the way entrepreneurship works. Many may argue that natural born entrepreneurs don’t need to take classes in order to achieve great success. But where can be the harm to encourage bright minds to explore other opportunities, different from the common corporate ladder that they are to start climbing after graduation?
Nowadays, we don’t just talk more about entrepreneurship. Actually, there are many reasons to believe that the people, who decide to take up the entrepreneurial challenge as their life mission, have tremendously grown through the years. Great news, right?
Even though having a degree isn’t absolute necessity when it comes to starting an entrepreneurial journey, it is important to know that there are possibilities and available options for people, who have interest in entrepreneurship, to sign up for entrepreneurship classes and majors. The universities must provide what many students from different academic background begin to demand more than ever – entrepreneurship classes.
Most of the entrepreneurship programs will cover classes as accounting, economics, management, marketing, communication, psychology, which can be great stepping stone for first time entrepreneurs. We have already talked about the importance of speaking the language of investors while pitching, and taking a class in university on the subject can help you accelerate you startup.
Many people choose to finish their Bachelor or Masters degrees and afterwards expand their business knowledge with a degree in entrepreneurship.
This is probably the best choice a person who comes from technical background can do in order to gain the knowledge and many valuable skills that can help them create strong company.
Having a degree in entrepreneurship might not be required, but has its bonuses when it comes to preparation, to possession of valuable skills and knowledge. This can help every entrepreneur to accelerate their startup faster than the rest, to appreciate better the valuable lessons and to understand better the challenges they will face on their long way to success.
Many entrepreneurs concentrate not only on the problems of today, but also on the problems of the future. The people, who ask themselves the question: “What are the problems that will affect the future of the world?”, are the people who are most likely to actually create a company, a valuable business, which concentrates on solving these future problems through innovation. Continue reading
Varun Agarwal is an Indian entrepreneur, film maker, designer and author. In his highly inspirational INKtalk, he reveals how, after breaking the stereotype that engineering is the only way to success, the only thing that mattered was to stop overthinking everything and to actually start doing it. Varun Agarwal’s story is very inspirational, especially for first time entrepreneurs, who are bothered by the (sometimes discouraging) question: What do you know about business? Nothing.
This young entrepreneur shares his insecurities along his way to success and how he learned to deal with his critics. He proves once again that failure is an inevitable part of every success and that it only matters if you let it matter. What do you think about Varun Agarwal’s story? Do you find it inspirational?
Bill Gross, the founder of Idealab, a business incubator focused on new ideas, has founded and incubated many startups in his impressive career, which gave him the opportunity to monitor the success and/or failure of all of these companies. During all the years of work with entrepreneurs and different startups, Bill Gross managed to notice some of the biggest differences between successful and unsuccessful business ventures. In his impressive TED Talk, he shares the factor that he found out to be “the single biggest reason why startups succeed” and his answer may surprise you!
One of the most important ingredients of every successful business venture is the existence of cohesive team. But sometimes, especially when the business grows and the expansion of the team is inevitable, it happens different conflicts between the team members to occur. And some of these conflicts can be very harmful for the startup, can slow down the work process and can lead to insuperable outcomes. Here you can find 10 timeless quotes that will help you to handle workplace conflict.
“The Law of win/win says: Let’s not do it your way or my way; let’s do it the best way.” Greg Anderson
“There are two ways of meeting difficulties: You alter the difficulties or you alter yourself meeting them.” Phyllis Bottome
“Power in organizations is the capacity generated by relationships. It is an energy that comes into existence through relationships.” Margaret Wheatley
“When dealing with people, remember you are not dealing with creatures of logic, but creatures of emotion.” Dale Carnegie
“A good manager doesn’t try to eliminate conflict; he tries to keep it from wasting the energies of his people. If you’re the boss and your people fight you openly when they think that you are wrong-that’s healthy.” Robert Townsend
“Where all think alike, no one thinks very much.” Walter Lippmann
“In business, when two people always agree, one of them is irrelevant.” William Wrigley
“When you realize you’ve made a mistake, make amends immediately. It’s easier to eat crow while it’s still warm.” Dan Heist
“Peace is not absence of conflict, it is the ability to handle conflict by peaceful means.” Ronald Reagan
“10% of conflicts are due to difference in opinion. 90% are due to wrong tone of voice.” Unknown
All entrepreneurs spend tremendous amount of time to plan and create strategies, to determine their next moves and the course of action, trying to figure out which decision will lead to the success of their company. Aiming for growth is one of the most important parts of the work process of a startup owner, but sometimes, even the most productive and motivated entrepreneurs can’t find easily the right answer of their questions and concerns.
Here you can find 15 awesome quotes, which will inspire you on your way to growing your startup and achieving success.
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” Abraham Lincoln
“The business enterprise has two — and only two — basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.” Peter Drucker
“For me, the most fun is change or growth. There are definitely elements of both that I like. Launching a business is kind of like a motorboat: You can go very quickly and turn fast.” Tony Hsieh
“Lack of direction, not lack of time, is the problem. We all have twenty-four hour days.” Zig Ziglar
“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” Sun Tzu
“All change is not growth, as all movement is not forward.” Ellen Glasgow
“We find comfort among those who agree with us – growth among those who don’t.” Frank Howard Clark
“All who have accomplished great things have had a great aim, have fixed their gaze on a goal which was high, one which sometimes seemed impossible.” Orison Swett Marden
“Everyone wants to live on top of the mountain, but all the happiness and growth occurs while you’re climbing it.” Andy Rooney
“Think big, start small, then scale or fail fast.” Mats Lederhausen
“The growth and development of people is the highest calling of leadership.” Harvey S. Firestone
“Growth is never by mere chance; it is the result of forces working together.” James Cash Penney
“There are no great limits to growth because there are no limits of human intelligence, imagination, and wonder.” Ronald Reagan
“The pursuit of excellence is less profitable than the pursuit of bigness, but it can be more satisfying.”David Ogilvy
“In any moment of decision, the best thing you can do is the right thing and the next best thing is the wrong thing – the worst thing you can do is nothing.” Theodore Roosevelt