In my experience entrepreneurs are usually optimistic; they see opportunity where others see obstacles. They are also aspirational.
And as a result many entrepreneurs confuse goal setting with creating strategy.
They are not the same.
While your ‘BHAG’ might be cool to talk about with your friends, and it might be motivational to you, the market doesn’t care about it.
Good strategy is about solving a problem that people need solving. Do that better than anyone else and you give yourself a strategic advantage.
Recently I had an interaction with someone in a business I own.
Recently we were making a major decision in MedRecruit for a very important leadership role in the recruitment team.
If you go to almost any personal development or business seminar, the presenters will share stories of failure leading to triumph.
It’s not a shop, it’s not online, it’s not Amazon or eBay or Trademe.
Survival isn’t necessary.
Is it meeting specification?
“You don’t choose the life of being an entrepreneur, it chooses you,” is something I found myself saying to a young entrepreneur the other day.
Dissatisfaction is a common state for entrepreneurs.
Fear of failure is a common reason many people don’t start things.
Failure is inevitable.