Find Your Passion
What did you go to school for?
What do you love most from a work/hobby standpoint?
What is your passion?
When it comes to being successful, it’s important to find your passion, stick with it and then run with it. That’s one of the biggest challenges many early startup investors and entrepreneurs will face, but it’s one that you’ll have to overcome.
So if you had to do the same thing every day for the rest of your life — within reason, of course — what would it be?
Finding your passion goes hand in hand with achieving your startup dreams.
I’ve seen entrepreneurs and investors ask for hundreds of millions of dollars on a concept and try to sell because of their “passion” for an idea. If the idea is that good, why wouldn’t I cut you out and hire someone who is just as passionate for much, much less?
In today’s Startup Profits Daily we’re going to explore what exactly you should do to turn your passion into the startup success you’ve always dreamed of…
#1 — Understand What Will Sink You
So you’ve got a great product idea. Everyone buys into your idea and each team member is excited by the risk because they know this thing is going to go BIG.
Don’t get too cocky yet, because there’s still something that could put a gaping hole right in the hull of your startup ship — you can’t dodge what you can’t see.
Without great management, everything will sink. Fast.
The employees are the muscle in a startup. They put in the long hours and produce a lot in that time frame, but at the end of the day, upper management is the blood, sweat and tears of a company…
It’s up to them to get funding, make deals and create vision. They make the big decisions and guide the company.
“Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them.”
— Paul Hawken
Who’s on your management team? Are they going to sink you or propel you to the yet-uncharted waters where legends are made?
Take charge of your startup and hire the right people. It’ll take your startup far!
#2 — Master the Art of Communication (Listen as Well as You Talk)
“Effective communication begins with mutual respect, communication that inspires and encourages others to do their best.”
— Zig Ziglar
Too many people forget the basics when they’re trying to achieve something big. Communication skills are crucial in any business, especially a startup where things are bound to change often.
If everyone isn’t on the same page, time will be wasted, people will become disconnected with your company values and the product — and your profit — will take a hit as a result.
Remember, vision leaks. You have to keep casting it and you must keep the goals front and center for your team.
Make sure YOU are a good communicator. Listen as well as you talk. Be empathetic and clear. And set the example for your management team to do the same.
#3 — Work Harder Than Anyone Else
Not all smart people find success. While being brilliant certainly comes with advantages, that does not mean a brilliant person is going to find success. Then again, there are people like Mark Zuckerberg.
No matter how much mind power you bring to the table, here is something that is essential:
You have to work hard, and while you are at it, you have to work harder than anyone else.
The early bird might get the worm, but the hardest-working person could have it all. Of course, being in the right field and following your passions comes into play as well.
So be motivated, positive and persistent. Never give up!
Break the Statistic Machine
So much has to go right for startups to succeed.
I could go on and on about ingredients for success, but if you get these three down, your startup is going to make it — and make it big.
Do a shabby job on any of them and it will likely fail.
After all the work a startup takes, you don’t want to be part of those statistics.
Our Startup question of the day: What’s your startup passion? What’s driving you to get up in the morning? Email me at AskKevin@SevenFigurePublishing.com.
I’ll talk to you later…
Sent from a Shark,