Rev Walter Mwambazi's Blog
If you have been following this series than you know that this is the seventh installment of the series “The Realities of Entrepreneurship” and today I would like to look at another aspect that really takes a toll on most entrepreneurs and is perhaps the foremost internal reason most quit.
You will Question Your Sanity
(In case you missed the first six parts, please click on the links for them at the end of this article.)
For the most part, when one chooses to go into business for themselves, it would mean they go against the grain. There are many stories of people that were in good jobs with great prospects for promotion and growth, yet chose to give it all up to launch out on their own.
There are also those that get “shoved” by circumstances out of their comfort zones (jobs) and into uncertainty. Once they begin working toward establishing their businesses, job opportunities show up. In spite of such a scenario, they choose to continue in their new found endeavor!
When such choices are made, they go against the norm because jobs have a guaranteed, predictable income that comes at a predictable time. Yet, they choose to forfeit that and focus on building their business. Once such decisions are made, the resolve to stay the course and that is when almost all obstacles, challenges and setbacks literally get unleashed upon this new business to the detriment of the proprietor.
Even though it is expected that when you launch out with something new, the Law of Chaos will come into play (see previous article that elaborates further what that law is) and seemingly derail most plans, the entrepreneur has to weather the storm and stay the course. This is something most find very difficult.
It is here that one hears those inner voices speaking very loudly and asking you whether you are sane! You will often wonder why you chose to take this route. And even as you go through these challenges, you will also be reminded by those closest to you of your predicament.
Statements like “I told you that these kinds of businesses don’t work”, or “why don’t you just go back to your old job, at least then you used to be able to….” (fill in the blanks), or “look at your friends with real jobs, they are not suffering like you are!” and many more such negative statements.
When challenges that come with business really grow in their intensity, such as going for months without proper steady income, mounting debt (will speak about this in detail in a future article), lockouts of premises and the like, this is when you will wonder why you even started.
You will indeed question your sanity!
Did you know that these challenges and the questioning of your sanity will also occur in pretty much every other endeavor one may take especially those that challenge us to bring in our best game? This includes marriage, ministry or even embarking on projects.
As you may imagine, once you question your sanity, chances of quitting become higher. You will wonder what possessed you to even embark on such an undertaking. It is during these “trials” that most people throw in the towel. They simply allow the circumstances to overwhelm them to such an extent that the only logical conclusion is to stop!
Well… you do not have to quit.
If you ever find yourself in such situations and feel excessively overwhelmed with a strong urge to quit, here are some antidotes that I have used myself in those countless occasions when I too feel like giving up.
#1. You must know your why (Purpose)
This is the reason why something exists. Why are you doing this business? Why must you succeed? What are the implications of giving up?
#2. You must have a detailed mental picture of what you want to achieve (Vision)
This is what you intend to become in the future.
#3. You must plan your course of action well (Strategy)
You need to work out the journey in terms of a step by step plan from where you are now to where you would like to be in the future (your vision). This process of planning and anticipating a) your course of action b) resources required and c) how to get those resources is the difference between success and failure.
#4. You must have an iron-clad resolve to stay the course (Commitment)
The universe has no time for dabblers and experimenters. It is looking for serious people with determination and discipline. The world spits out time wasters and celebrates those who are resolved to achieve their goals.
#5. You must keep your eyes on the prize (Focus)
As the writer of “Think and Grow Rich” Napoleon Hill says, “whatever you focus on expands”. If you operate with laser sharp focus, you will more likely achieve more than if you are scattered in your efforts.
Catch the first six installments of the Realities of Entrepreneurship series by clicking the links below.
The Realities of Entrepreneurship #1: What is the True Story?
The Realities of Entrepreneurship #2: It Takes Time – Part 1
The Realities of Entrepreneurship #3: It Takes Time – Part 2
The Realities of Entrepreneurship #4: Brace Yourself for High Doses of Failure & Rejection
The Realities of Entrepreneurship #5: Things Never Go According to Plan
The Realities of Entrepreneurship #6: The Challenges of Being a Pioneer
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Rev Walter Mwambazi
Author of "The 7 Principles for Financial Prosperity", Life Coach, Facilitator, Peak Performance Coach, Digital Marketing Professional, Network Marketer, Health & Wellness Consultant, Pastor, Copy Writer, Motivation Speaker & Writer.