Microsoft co-founder Bill Gates co-founded Microsoft but now owns 1% of the current business. assured all that extreme hard work is essential in the early entrepreneurial years. Forget about Rest! To build a successful company, start-up founders cannot take vacations or even weekends while building businesses. For his start-up, it is true that he gave up on weekends and vacations, when speaking about his work-style when in his twenties.
He indicated that sacrifices of entrepreneurs made during the initial years are very great, but lead to success. The second richest man in the world, according to Bloomberg, whose estimated fortune is 106.7 billion dollars, feels that very big sacrifices during those initial years, helped him establish Microsoft in 1975. He noted that people can get over the worship and mythologize the idea of working extremely hard, but he could not recommend it for everyone. However, he was not the first business giant to think the same as Jack Ma, the founder of Chinese e-comm giant Alibaba and PRC’s richest man, is criticized for his support of “996” – the Chinese labor practice of working from 9 in the morning to 9 p.m. six days a week. Elon Musk confirms he has been working over hours for his company Tesla to achieve his huge goals, almost 120 hours a week, though it prevents him from seeing his children, take vacations or even sleep. Gates revealed that his biggest mistake and his $400 billion error, was not considering Android as a competitor to Apple’s operating system.
Give up being comfortable
Think you can become an entrepreneur? Then get ready to get away from your comfort zone as people enjoy comforts of a ‘nine-to five’ day job. Who would not? It is relatively predictable without a lot of surprises. Leaving such circumstances behind would be difficult for anyone. Initially you could manage with having a steady day job and pursue your passion and entrepreneurial dreams. But to be able to commit fully to your dream, you may need to sacrifice the comforts of a modern or spacious workplace. Suddenly, nothing is predictable and being comfy is not an option. You need to get used to being uncomfortable all the time.
Give up being Lazy
This seems like a given. Entrepreneurship and laziness are mutually exclusive and cannot co-exist. Most folks who classify themselves as lazy know intuitively that they are not cut out to be business people or entrepreneurs. But people underestimate the tonne of work needed to start their own business. One may not start out by being lazy, but once reality sets in, you realize how much hard work really needs to be put in; it is easy to lose interest and slack off. Don’t revert to this mind-set so very quickly. Comprehend that being lazy does not fix anything. Become proactive to face challenges head on.
Persistence for Entrepreneurs
At first glance, setting out to become an entrepreneur is quite possibly one of the best career choices you can make. Who can resist starting their own business, being their own boss, and making lots of money? We wish that it is that easy! Unfortunately, only some people venturing into business succeed to become successful entrepreneurs. What separates those talented few from the rest of the crowd? What prevents everyone from starting their own profitable business? It takes special persons with the right mind-set to absorb whatever is thrown at them and then conquer the storm.