With that kind of pressure, it’s easy to feel stressed, lonely and overwhelmed at times. Every great leader has faced a challenge that defined their greatness, which is why we often turn to their advice when needed.
Being a former professional athlete, one of the hardest things I have ever had to do didn’t involve blocking, tackling or going through the dreadful dog days of training camp. It was becoming a successful entrepreneur.
That might come as a shock, as you would expect having a 300-hundred-pound, angry, big and very agile offensive lineman trying to take your head off every single play would be difficult on you. Of course, football, and most sports for that matter, weed out the weak, undetermined and those who have no discipline at all. However, in my eyes, entrepreneurship is the true test of mental strength, guts and courage.
A great majority of entrepreneurs and aspiring business owners fail. We have been hearing that for a while now, and if it isn’t some news source or latest research telling us how hard it is to make it in entrepreneurship — family members and friends are sure to give you their input on how you are out of your mind for even contemplating bringing an idea of yours into the marketplace.
Why is it that most entrepreneurs fall short, or even worse, never even get off the ground? I had the wonderful privilege to chat with entrepreneur, New York Times-bestselling author and mega hustler Gary Vaynerchuk this week to find out what you can do to not fall into the very crowded space of wannapreneurs.
Here are three reasons as to why most entrepreneurs fall short.
Here are some of the biggest naming mistakes I’ve seen entrepreneurs make and why you should avoid them.
1. You believe your domain name has to match your business name.
Tesla doesn’t own the domain name Tesla.com. Do you think someone wanting to buy a Tesla gives up if they go there and don’t find the website? Of course not! They type “Tesla cars” into a search engine and find it in no time flat. And they don’t even notice what the domain name is, which by the way is TeslaMotors.com. If Tesla doesn’t have to have an exact match domain name, neither do you.
If you want to build a great business, you have to be very deliberate about whom you let into it.
Emotions and behaviors may circulate through social networks in patterns similar to what’s seen in epidemiological models of the flu virus. Every positive person you let into your life increases your chances of being positive 11 percent, estimated a study published in 2010 in the Proceedings of the Royal Society.
“Just one sad friend was needed to double an individual’s chance of becoming unhappy,” Wired summarized about the report.
Figuring out whom to avoid and whom to let in won’t always be easy. But with a little practice, you can get really good at staying far away from people who might bring your business down. Here are 10 people (whether employees or clients) you should avoid if you’re starting a business:
1. The siren.
Sirens are those amazing and enticing people who come into your business and completely distract you. More than anyone else, these people have a way of stealing your focus and throwing your efforts off track.
A lot of promising futures have been sacrificed to sirens. Some people have sold their businesses for way less than they are worth and others have given up on their businesses to chase a get-rich-quick scheme than some sirens pitched them. Don’t let this happen to you. Don’t let an amazing person make you forget that you and your business have something amazing to offer the world, too.
Andreessen Horowitz has its finger on the pulse of what’s happening in tech. Over on the firm’s website, its investors have shared 16 trends and themes they’re excited about this year. It’s a sort of State of the Union for what’s happening in tech.
We’ve compiled Andreessen Horowitz’s predictions for the 16 startup themes that will be big this year.
1. Virtual reality
We’ve already started to see the emergence of virtual reality: people are still excited and curious about Oculus, which Facebook announced it was acquiring last March. Microsoft and Apple are also reportedly exploring virtual reality too.