Four Invaluable Lessons for the YoungEntrepreneur

It is a simple fact of capitalism that many businessesface hardships that are difficult to overcome.

Whether due to a lack of funding, sinking morale, orimpending deadlines, young companies face an

unfortunate litany of obstacles that loom above andcast a shadow over even the best of times. However,

this said, there are certain characteristics ofsuccessful and commanding companies that have

been identified as integral to success.

Understand and Accept YourOwn Limitations

Often, when starting a company, saidentrepreneur will become entrenched in handlingwhat are otherwise minute tasks. Generally, this

is due to the fact that so many entrepreneursenvision perfection. While yes, “If you want

something done right, you need to do it yourself”is an age-old idiom for a reason, it is not

universally applicable to business. Businessowners must delegate lesser tasks to

subordinates or they will not have enough time tofocus on broader, more pressing issues. Indeed,entrepreneurs are much better off by teaching,

and when necessary, correcting their employees.

Hire with the Long-term in Mind

It can be easy to fall victim to a short-term hire,operating under the mentality that someone needs to

get this work done. However, it is a tremendousmistake to pursue a quick-fix hire for startups. It is the

people you hire that will bring your startup to eitherwither up or to bear fruit. Considering the volatile

nature of startup progression, an entrepreneur musthave loyal employees who are willing to withstand the

hard times in order enjoy the fruits of their labor.

Reject the Paralysis of IndecisionConsidering the special place and significance a

young startup will hold in the heart of itsrespective entrepreneur, it can be understood

why paralysis by indecision is a commonphenomenon. To step one way is to risk a

mistake but to step another way is to risk adifferent misfortune. However, taking risks is

necessary and it is a far bigger mistake to missopportunities due to fear. Do not spend more

time planning than doing. While understandingthe purpose of your doing is significant, it is not

more significant than the doing itself. Retainthe confidence you had when starting the

company in the first place, and step forwardknowing success lies ahead.

Be Original.

Remain true to your own originality. Whilesome companies may experience success one

way, it is important to maintain your ownpath. What worked for them may not work for

you. Trust yourself in your own decisionmaking. To mimic the competition is to do alesser job of providing a service or offering a

product that already exists.

While insecurity, instability, andindecision may characterize thelife of the young entrepreneur,

the same can be said of ingenuity,imagination, and inspiration.

Stay true to the you that createdyour company.