Four factors that can become obstacles in your entrepreneurial success

22nd Aug 2017
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Success is a relative term. But stress isn’t. For some entrepreneurs, success can be adopting a village for others it can be tearing one down to start a mining business or some such venture. From satisfaction to professional aggrandizement, no two entrepreneurs have the same ambition nor do they take the same path to accomplish their independent goals. However, when it comes to dealing with work-related pressure, late nights, unpaid bills, and incompetent employees; most entrepreneurs have a similar story to tell.

Obsessing over obstacles has never done anyone any good. But what can one do, if one doesn’t know what constitutes an obstacle? Don’t stress it, here are four obstacles that you must overcome psychologically, in order to turn your focus on things that are much more in your control.

Image: Shutterstock

Image: Shutterstock

Don’t obsess over past mistakes

As per author Zechariah Newman, “We are all human and make mistakes daily, yet when we screw up, we often beat ourselves up for days. We should learn from our mistakes, but many entrepreneurs obsess over them. You cannot redo the past. Learn from it. If you need to apologize, do it and move on. When you singularly focus on your mistakes, you aren’t dedicating the mental energy to your business.”

If you have one leg dug into the past while the other is scrambling towards the future, the present will not really be a gift for you. Making mistakes is a part of the game. And so is learning from those mistakes. If there’s anything you must direct your obsession over to, it should be to your carelessness to repeat a mistake more than once. A true entrepreneur never ceases to be a student and a real student never ceases to learn. But as long as you are not making the same mistakes you were making five or three or two years ago, rest assured you are on the right path.

Don’t allow economic situation plague you all the time

The world of economics is a wonderland. It’s a place where unpredictability reigns supreme. Sure, there’ll be policies and other economic diktats that will influence the course of your business either directly or indirectly; stressing over them is a sign of weakness and fear. Be able to distinguish between news and updates which are fruitful and the ones that turn you into a sceptic.

Be inspired to supersede your rivals, not be overpowered by them

You did not become an entrepreneur to overpower your competitors. You became one to empower yourself. The real competition is meant to get the best out of you, not the worst. If you find yourself obsessing over obtaining a better location than your competitor, or better seed funding, off-sites, interiors, coffee machine instead of focusing on the things that make you unique and shed light on your true identity, know that you have struggled in vain.

Don’t obsess over the future

According to entrepreneur.com,“It is easy to worry about what the next day holds or the next business. Unfortunately, when we do this, we rob this moment and the business.”

Now is the only time you have for your business. The quality of your future is directly proportionate to the quality of your present. The future is nothing but a point where your past and present culminate. In short, it’s not the future you need to focus on but the present moment. If you continue to obsess over tomorrow, you’ll rob yourself of the power of today and believe it or not, today is the only power you have – tomorrow, is the podium on which your present will make its presence felt.

Stress, you have been told, is an inseparable part of entrepreneurship. Ask yourself, have you accepted the veracity of this statement with knowledge and experience or purely out of habit? Can you be the entrepreneur who never stresses; an entrepreneur who doesn’t need to worry in order to show that he or she is serious about their business and life? After all, it’s your life and no one but yourself should decide what remains a part of it and what does not.

Want to make your startup journey smooth? YS Education brings a comprehensive Funding Course, where you also get a chance to pitch your business plan to top investors. Click here to know more.

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