3 Things Entrepreneurs Wish They Knew Before Starting Their Company

Back view image of young businessman standing against business sketch

In today’s digital world, many people are starting to think seriously about the possibility of giving up their nine-to-five job and replacing it with a life as an entrepreneur. The online environment makes it easier than ever for ambitious people to start selling products and services online. However, a lot of people don’t realize just how difficult it is to thrive in the business world.

Most people looking into entrepreneurship for the first time will encounter a few mistakes on the road to success. However, the good news is that there are plenty of people out there who have already gone down this path and learned from their mishaps. Here are some of the things that entrepreneurs said that they wished they knew before they had started their own company.

1.     Starting a Business is Hard

A lot of people assume that starting their own business is all about fun. When someone starts a business, they can give up fetching coffee for their boss, and start setting their own hours so that they can enjoy more of their free time. However, there are also a lot of challenges involved with running a business that many people forget about. For instance, most entrepreneurs work ridiculous hours to make sure that they’re earning enough money to live – particularly when they’re just starting out.

As the founder of Finance Whiz Kids, Darrah Brustein says, not enough people are “honest about the challenges” of starting a business. It’s important to be realistic about the stressful experiences that lie ahead.

2.     Listen to Your Gut

Few innovations come from playing it safe. Some of the world’s most impressive and fastest-growing companies like Uber and Airbnb come from ideas that sound crazy or outlandish at first – simply because they haven’t been done before. While it’s important to listen to the opinions of others and learn from the experts that came before, business owners also need to be willing to listen to their gut and pursue their passions.

As the founder of “CallMeLore” says, you have to “trust what you have a strong feeling for.” Ultimately, imagination and commitment to a unique idea can separate the startups from the incredible companies.

3.     You Won’t Be an Overnight Success

Finally, no matter how great a business idea might seem to be, or how revolutionary a product is, it’s important for entrepreneurs to remember that success takes time. There’s really no shortcut available for those who want to create a sustainable business, and they’ll need to commit to spending plenty of time on planning, hard work, and growth. Even some of the biggest businesses in the world like Amazon and Google didn’t get to the top of their field overnight. Many major companies started off with humble beginnings and big dreams.

As Mike Jones, the founder of How to Start and LLC.org says, “nobody achieves business success through a sudden bright idea.” Every great business owner needs to be willing to work as hard as possible to help the rest of the world see how amazing their concept truly is.