The decision to start your own business or becoming an entrepreneur is a pretty exciting time.
You can't wait to get started and create your business so that you can build wealth and live the life you always wanted.
Then the romance of the whole idea passes and the reality of how hard it is to build a successful business hits you in the face.
Or like Mike Tyson said,”Everyone has a plan until they get punched in the face.”
Today I am going to share with you guys some of the common obstacles entrepreneurs face when they make their climb to the top.
The climb is tough, and many don't reach the top of the mountain.
So here my list of common obstacles on your climb:
All my businesses have been online, and when I started my first business as a Solopreneur(one man entrepreneur), I was very excited to get going.
I was putting in hours, days and weeks and months of work.I spend and still spent a lot of time alone.
Loneliness creeps up on you like a ghost.
When it comes, you need to fight through it.
When you start feeling it, you will lose motivation and start going on social media, call friends or go out to break the feeling of isolation.
Before you know it, you wasted a few days because you felt lonely.
You have to accept loneliness in business, the road is long, and it's not for everyone.
If you need someone all the time to be around you with encouraging words, then don't do it.
You have to realize that its just part of the game and push forward.
You have to keep on moving towards your goals.
The Shiny Object Syndrome.
This is a well-known term in the online entrepreneurship circles because of its such a common thing that it's hard to miss.
The shiny object syndrome is when entrepreneurs start something for a month or 2 and then jump ship to something new because they don't see results fast enough.
These people never stay with one thing long enough to see any results and they always talking about the next big thing.
This is a very big obstacle for many online entrepreneurs especially those that spend too much time on social media.
Be aware of it and just say no and stay focused on your goal.
The lack of Mental Toughness (and the lack of patience).
Its common knowledge that most new businesses fail.
There are many reasons for this.
But one of the biggest reasons is the lack of mental toughness to push through difficult times that business always faces.
When a business is growing, there will be times that you think you are making no progress and most entrepreneurs will tell you this is normal.
Problem is the majority of new entrepreneurs throw in the towel when things get hard, and they don't see the results they thought they would in the first six months to a year.
Anything of value takes time and perseverance, and if you can't handle that pressure, then you are going to fail.
Not Executing Aggressively.
One of the most annoying things I see on Facebook groups are the “talkers.”
Sure we all comment on posts sometimes and ask a few questions.
But talking can become a form of procrastination.
All this lead to not taking action.
And the reality of the situation is that you need to execute aggressively to build a successful business online or any other business.
Many times when I visit groups, it's always the same people asking questions and complaining about the same things they talked about six months ago.
They just talk and then wonder why they fail.Its simple, they don't execute aggressively.
They hold back out of fear.
They already know what they have to do, but they find talking about it easier.
Don't fall into this trap.
Not Going after Excellence.
Since the internet started many people have become rich.The internet truly is one of the great opportunities of our time to create a business at a low cost of entry and build it into something special.
This low cost of entry and the many success stories has unfortunately caused many people to think that making money on the internet will be easy and they just need to do the minimum to get what they want.
Many even scam customers for a quick buck.
They get away with it for a while but most eventually get screwed.
If you want to build a successful business, then be excellent.
Not perfect, that's impossible, but try to be excellent in your work and create value with your product or service.Don be a scumbag that fucks people over.
Not Being Consistent.
This is probably one of the important principles not just in business but also in life.
If you are consistent in your efforts, you will see results.
If you keep on coming back week after week, you will see results.
Don't be one of those wannapreneurs that works a little bit here and a little bit there.
Become an obsessed maniac that keeps on coming back and hammering whatever it is they are doing.
Looking for Handouts.
Since the start of the social media revolution with companies like Youtube, Twitter, Instagram and Facebook having awesome stories of building companies in their dorm rooms and getting investors to give them millions to build an app, many entrepreneurs think that they are going to be the next Zuckerburg.
The reality is that those guys are outliers.
Many guys don't ever start anything because they think they need a million dollars to start the next best thing.
The reality is that if you are resourceful enough you can start a small business online and build it into a 6 or 7 figure business if you are patient and consistent.
Not working hard Enough.
You don't have to work all the time, but the reality is that when you first start your business, you will need to work insanely hard to get it going.
Many guys talk the big talk, but they simply don't take enough action.
The watch House of Cards marathons or fuck around on Facebook when they should be working on their business.
Don't underestimate the amount of hard work it will take to get your business off the ground.
When you build your business to a certain level, then you can take your foot a little off the gas and work smarter not harder.
But until that point, you need to sacrifice and grind.