Passing the real tests in entrepreneurship

After two years of 20-hour days in start-up, I honestly believe that starting and running a successful company is a linked series of tests – almost daily tests of personal ability, skill, agility, determination, worthiness and limits. Theory is for the classroom. The real tests begin outside of the classroom.

Every day, entrepreneurs are faced with circumstances so unique to them that new or novel strategies, tactics or actions have to be developed to deal with them. Business schools teach theory that mostly apply to big companies – companies with the benefit of resources, people and support. In small business, theory does not help us create unique solutions to problems we hadn’t planned on. Instead, our survival depends on the entrepreneur’s ability to respond to new information and to execute correctly.

For some, facing new challenges every day is the joy of running a business. For others, it is simply too overwhelming and one of the factors associated with the high rate of business closure.

I get up every morning knowing that something somewhere will challenge me, make me stretch, make me work harder that day. I also know that the more tests we pass, the more incremental successes we have, and the more confident we become in our abilities and skills as entrepreneurs. This is the beauty of experience. Relish in your success every day knowing you’ve just passed another real-life test of being an entrepreneur.

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