Does starting your own business seem appealing to you? Would you like to quit your day job and become your own boss? Do you have a great business idea that you want to share with others?
Perhaps starting your own business is the right career move for you. It’s easy to lose sight of your goals and become discouraged when things don’t go according to plan. Be patient with yourself as you begin to build out your business plan and what steps you need to take to be successful.
Here are three truths to keep in mind when starting a business.
Overnight Success isn’t Real
When starting a business, some believe profits will begin rolling in immediately. Overnight success should not be the goal. Give your business time to grow and pivot as time goes by. Of course, we all want to be successful and profitable—but you must recognize that success takes an immense amount of time, patience, and commitment. If things move slower than expected, it’s okay. Running a successful business isn’t a sprint; it’s a marathon.
Mentors Will be One of Your Greatest Assets
Don’t shy away from asking for help. Many entrepreneurs believe having a solid mentor is key to learning the ropes of running a successful business. Try building a strong relationship with a trusted individual you would like to learn from. They can help offer advice and support as you begin developing your goals, aspirations, and business plans.
Passion is Everything
Make sure you’re passionate about what you’re doing. I know this one may sound like a no-brainer, but you’d be surprised how many people start a business without being completely sold-into their product. As long as you’re passionate and committed to your goals, others will notice. Passion must emulate everything you do—especially when starting your own business.
What’s the best advice you’ve received when starting your own business?
Derek Rundell, is a successful business leader, operator, and serial entrepreneur. Derek has founded, managed and sold businesses in the technology, media and finance industries. He sits on several boards and serves as an advisor/investor to numerous established businesses and startups. Startups are Derek’s real passion, and in addition to building his own portfolio of technology, media and financial ventures, he invests in and mentors startups and entrepreneurs. He is passionate about sharing his knowledge and helping other businesses succeed.