Entrepreneurship is one of the most challenging undertakings in the world. You’ll find tons of advice, but most people don’t understand unless they’ve really been there.
Here are five pieces of bad advice and what to do instead.
• Don’t be a control freak.
You have to control your destiny and your brand. It pays to be a control freak over certain aspects of your business. Set good boundaries with yourself. Control what you can. Don’t micromanage good team members who are doing well. Let go what you can’t control.
• Do what you love, and the money will follow.
Don’t buy into this philosophy. If customers don’t want your product or service, the money will not be there. Know when to call it quits and find a new venture instead of pouring good money after bad.
• Always be grinding.
As an entrepreneur, you need a good work-life balance. If you’re so caught up in grinding, you might miss out on good opportunities. Work smart. Enjoy life. Reflect on your efforts. Find ways to do better. Take time for yourself. Life isn’t just about work.
• Fake it till you make it.
• Just be positive.
The most successful people have a good balance of pessimism and optimism. You have to be optimistic, but you can’t forget to see the risk. If you’re always positive, it sets up unrealistic expectations. You’re going to experience negative emotions as an entrepreneur. Give yourself room to feel the way you do. Don’t act on any one emotion.
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