Life is too short and unpredictable to live by peoples’ schedule, think entrepreneurship. Entrepreneurship is no longer just a business term anymore; it’s a way of life. You don’t need to be an entrepreneur to be entrepreneurial.
As you think about how you can begin to embrace the entrepreneurial mindset more actively, here are 13 things you must do – at all times – in order to convert those great ideas into reality:
1. Believe in Yourself
You can’t take action until you believe in yourself enough to handle the consequences of your actions. Any time you assume the responsibility to give something that had not existed before an opportunity to become a reality, you become accountable for your actions.
Accountability requires believing in you enough to make the right choice even though it might seem to be the wrong decision initially.
2. Get a Mentor
Don’t ever think you have all of the answers, just because it’s your idea. Learn from those who have done it before. Ideation is distinctly different from execution. Many new entrepreneurs think they have the mass of knowledge to get along their chosen field all by themselves. I think no. You need to have an eye over you who can counsel and advice you at least in your first 3 years. Their thoughts may not necessarily be right though. Rich Melcombe, CEO of Richmel Media & Productions, says that: “If you want to be a successful entrepreneur, listen to everyone because you never know when you will hear a good idea.”
In the end, carefully evaluate any input that you get – but proceed with your own instinct.
3. Assemble your Team
The best thing that can happen to any entrepreneur is having the right persons on their team. It is easy to get people to work with but it is not easy to get the right people. Anyone who associates with you from the start can’t necessarily be the people for your team. A good team comprises of people whom you can share your ideas with; they understand it and makes input to modifying it. It also should be people who are not afraid to make constructive criticism but are able to accept correction. Your team should be able to take your idea and make it theirs.
5. Be Extremely Patient
Take the time to appreciate the journey and understand how things work. Most people are too anxious to get their desired results and thus start to make bad decisions as they go. Don’t put too much pressure on yourself. One thing is certain: the journey will be filled with unexpected outcomes that you may not be prepared to deal with. Don’t let this get you down, but keep your head up and respect the process and where it takes you. You will learn a lot about your threshold of risk and ability.
6. Sell Your Vision
Converting your idea to a reality requires you to help others understand your vision. Clearly define your value proposition and how it can generate revenue. Selling lofty ideas without understanding how it will achieve financial results will never get you the right audience.
Learn how to spot the paths of connectivity along the journey. What may be your “core idea” today can mature into something bigger as you connect other tenets that naturally associate with your idea along the way. Never stop connecting the dots!
8. Be Passionate about your Pursuit
When you put your passion into everything you do, it gives you the power to become a potent pioneer. You will blaze paths few would go down, and see them all the way through to the end. Your passion will open new doors to endless possibilities. Your ability to remain passionate about what you stand for is the ultimate enabler for the success of your idea.
9. Be Purposeful
Your intentions for your idea must have purpose and meaning. If not, your probability to quit along the way will increase. Your purpose is to execute the idea and make others believe in it. Purpose fuels your passion and makes your journey less lonely.
10. Build your Momentum
Building momentum has a lot to do with timing, management and deployment of resources. Carefully identify all of your resources and build upon them via relationships, networking and sharing of resources to expand the opportunity for your ideas. Building momentum is critically important to convert your idea into a reality. Stay focused, stick to your plan, eliminate distractions/neutralize the noise, shut out people who tell you to jump when you’re not ready yet. To gain momentum, you need to fall back and release. Take the instance of a sling shot.
11. Remain Relevant
Never grow complacent. You can always expand upon your idea and make it better. Continuous improvement is your key to sustained presence in the business.
12. Make Work/Life Balance a Priority
Successfully converting an idea into a reality is a marathon, not a sprint. Pace yourself so that you can reflect upon the mission at hand. Always be aware of what you are attempting to accomplish. Don’t overwhelm your mind; give yourself some breathing room and allow your creativity to expand. No matter how smart, passionate, or focused you work, without balance we are all susceptible to burnout. Mind, body and soul must be properly aligned.
Let’s say you made the commitment to assume the responsibilities associated with the first 11 steps and have already been successful. Your original idea was born and its impact has now morphed into multiple areas that you would have never thought possible at the beginning. The success of your idea is now real; it has become something more significant but it is up to you to make sure its legacy remains sustainable.
Once you give your idea its life, it is your responsibility that its impact stays alive forever.
Believe, Work, Work and Rest! Allow your business to grow roots deep down so it can stand tall during stormy wind when other businesses are falling over.
You are the architect of your future.