As all entrepreneurs know, you live and die by your ability to prioritize. You must focus on the most important, mission-critical tasks each day and night, and then share, delegate, delay or skip the rest.
Sentiment: POSITIVE
Great entrepreneurs focus intensely on an opportunity where others see nothing. This focus and intensity helps to eliminate wasted effort and distractions. Most companies die from indigestion rather than starvation, i.e., companies suffer from doing too many things at the same time rather than doing too few things very well.
One skill of a great entrepreneur is to get a whole complicated discussion and then say, 'We're going to do this one and we're only going to do this one'. Managers are good at prioritizing. Entrepreneurs know what is the one thing.
I think, as an entrepreneur, you have to see the unlimited amount of potential but concentrate on your day and just keep building.
This is my advice to entrepreneurs. It's easy to give up, but believe in your ideas. Surround yourself with people you respect and are smarter than you.
Every entrepreneur knows how agonizingly difficult it is to make the decision to give it your all, knowing that failure is inevitable; the successful ones know that the only way to get back up is through learning from that failure.
Have you ever noticed some people are able to stay organized while getting a massive quantity of work accomplished, while others appear to be busy but never actually produce results? Time management is the key to becoming a successful entrepreneur.
Entrepreneurship is like a computer game in which you have to master every level before achieving success. Startups repeatedly stumble and have to go back to the drawing board. The best way to skip some levels and to increase the odds of survival is to learn from others who have already played the game.
When you run an entrepreneurial business, you have hurry sickness - you don't look back, you advance and consolidate. But it is such fun.
One misconception is that entrepreneurs love risk. Actually, we all want things to go as we expect. What you need is a blind optimism and a tolerance for uncertainty.
The thing most people don't pick up when they become an entrepreneur is that it never ends. It's 24/7.