The dark side of entrepreneurship.
Summary
- I’ve noticed that many who started businesses at the same time as me have either gone out of business, make little money, or have switched ventures. This shows the importance of taking business seriously.
- My deep care and at times, paranoia, for the business have been key reasons why it's still successful and growing each year.
- Running a business is not glamorous, despite what it might seem like for women. The glamor often comes from people who aren't actually running the company day-to-day.
- I don’t have a COO or president; I’m both the operator and CEO, making all major decisions and executing on them.
- Not everyone should aim to be a CEO, as there are many other fulfilling roles to play that contribute to the world.
- Being an effective CEO often requires having a chip on your shoulder, motivating you to push forward and solve challenges.
Video
How To Take Action
I would suggest that if you're starting a business, take it very seriously. Treat it like your favorite game that you want to win, but with real-world consequences. Your dedication can make it successful and help it grow each year. It's crucial to care deeply about your business, almost like it’s part of your family, to keep it thriving.
A good way of doing this is by being hands-on with your business operations. Make the big decisions yourself if you can, as it brings a strong sense of ownership and responsibility. If you're a one-person show, take pride in that role and tackle challenges head-on. This helps you stay connected to your business's core and progress efficiently.
Running a business isn’t always glamorous, and that’s okay. Embrace the challenges because these build resilience. Focus on what truly matters rather than trying to make things look perfect. Remember that success often doesn’t look shiny; it's messy, and that's where real growth happens.
Lastly, don't feel pressured to be the CEO if it doesn't fit you. There are many vital roles out there that can be equally fulfilling. Find where you can contribute most effectively and pursue it with passion. There’s immense value in different paths, not just the one that looks most prestigious.
