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What's in a Word?

Craig A. Steffen

We’re living in a time that makes it more and more difficult to be an entrepreneur.  Decades of exposure to innovations that claim to make life easier has eroded our fortitude and will to persist in difficult circumstances.   One retailer has tapped into this emerging psyche by creating an “easy button” that can solve the most difficult problems with the push of a button.  If we’re honest, we’d all like to have access to a real, working easy button.

I work with business people all over the country who are at various stages of achieving their entrepreneurial dreams.  I’ve yet to meet one that would say it’s been easy. 

Because of the relative simplicity of tools and technology of past generations, these people were more accustomed to working at projects that required hard physical labor and took years, even decades to complete.  A few examples might serve to accentuate the point:

·         Built hundreds of years BC, experts estimate that a single Egyptian Pyramid may have taken as much as three decades to build and each one required thousands of workers. 

·         Even with considerably more modern tools and techniques by the mid 1600’s, India’s Taj Mahal took some 20 years to complete.

·         At the beginning of the 20th century, Americans undertook the construction of the Panama Canal.  Tens of thousands of workers labored (and more than 5,000 died) for more than 10 years to complete the 50-mile passage. 

Nothing that’s great every gets built in an instant; except in the fantasy world of movies and fiction literature. 

In a world of opportunity and corporate downsizing, many bright individuals have put their hands to the task of birthing and parenting an enterprise.  Sadly, most fail.  50% of start-ups achieve failure in less than one year.   The standard wisdom is that the primary causes of failure are some combination of:

·         Lack of Planning

·         Under Capitalization

·         Poor Management

·         Inability to delegate 

But I would suggest another pervasive cause that is far more fundamental – an unwillingness to endure the difficulty of the task. 

In one of my favorite movies, A League of Their Own, Tom Hanks says, “It’s supposed to be hard.  If it was easy, everyone would do it.  The hard is what makes it great.”  

If you find yourself considering starting a new venture, I’d encourage you to go for it – follow your heart!  But don’t expect the dream to come true in short order.  In fact, expect the dream to morph into a nightmare before it actually gets fulfilled.   

Assure that you don’t make one of the common mistakes bulleted above – that’s just good business practice.  But in addition to covering the basics, be prepared to endure long stretches of lean return, deep bouts with self-doubt and frustrating periods where you feel misunderstood by nearly everyone.  Be aware that YOU ARE NOT ALONE.  Literally everyone who has ever gone down the road to entrepreneurship has experienced these things. 

And whether you’re just getting started or you’ve been at the entrepreneurial game for a while, my challenge to you is to stick with it.  Learn from your mistakes and failures.  Work on relationships.  All you need to do is find the one right person or company that believes in you to start the ball rolling toward realizing your dream. 

Remember the simple, yet profound, words of Sir Winston Churchill as he inspirationally led the free world against the tyranny of Adolf Hitler; “Never, never, never give up.  Never, never give up!”

 

Paraclete Consulting specializes in helping companies evaluate existing products and develop new products.   Hit "Contact Us" to get a FREE consultation.

 

Paraclete Consulting Inc.  . 2330 Schnebly Road . Spring Valley, Ohio 45370 . Phone: 937-603-7282