Recently I was asked to give advice to other entrepreneurs by my friend who writes Modern Reject so I wanted to share my answer with all of you here as well…
1. Discover the difference between needs and wants.
Constantly re-evaluate what you really need in life versus want. Entrepreneurial life often requires making choices that involve sacrificing your security and comfort, so it’s important to know whether the things you desire are needs that cannot be sacrificed or wants that can be adjusted. Entrepreneurial life requires lots of outside the box thinking, not just in your business, but in your life as well. Everything is a trade. You have to be willing to trade living the way you are comfortable, the way you always thought you’d live, or the way you think you’re “supposed” to live, in order to gain the kind of benefits that others who live the “right” way only dream about.
2. Remember that security doesn’t exist.
Remember that the security we cling to so tightly isn’t real anyways. None of the things that feel like security are actually things that will protect us from the hard stuff, nor are they actual secure. The recent recession and instant loss of so many seemingly “secure” jobs taught us how temporary our security that we fight so hard for really is. Somewhere deep down we know that our securities aren’t really that secure, yet we still fight for them because they are ways for us to feel like we are in control and can keep the things we’re afraid of at bay.
3. Identify and face your fears.
You have to decide how much you want to let yourself be guided by fear. So many people are fear driven and use the excuse that they’re being “wise” or “protecting their family” but really all they’re doing is hindering the capabilities of themselves and their loved ones, as well as putting limits on the amazing kind of life they could share together. Limiting yourself, your loved ones, and your shared life because of your fear will come back to haunt everyone involved. Purging yourself of unnecessary fears and balancing your ability to risk while still using wisdom, will allow you and your family to be their best. And that will always be the most “secure” way to ensure that you will thrive both as individuals and as a family, regardless of what new adventures you embark on in the future.
Good luck in all your entrepreneurial endeavors!