Many of the young entrepreneurs that I meet come to me excited about an opportunity to start a business and make a lot of money. They come back a month later with a brand new idea and are equally excited about it. The next month, it’s the same deal all over again. Why is it so hard for young entrepreneurs to stick with an idea and run with it?
The problem is all the enthusiasm and energy gets put into the business for a short amount of time and the entrepreneur does not leave enough time to let things develop. Sometimes you do not realize the benefits from the actions you put in until months later – and by that time your company is closed and you’ve moved on to try 5 different new ideas which are all failing.
I give presentations on starting businesses and tell people that if you have 24 hours to spend you will get more bang for your buck to put in one hour a day for 24 days than spend 24 hours straight working on your business and then quitting.
So how do you find your calling and get into something you stick with?
Fast Company wrote an article that can serve as an intro to the topic. The mentioned 3 important steps:
- Ask yourself 2 tough questions:Â What do I want? and How will I know when I get it?
- Write a master dream list: List all the things you dream of doing before you die. Let yourself go. Quantity is the key. List as many of your dreams as you can without heed to limitations.
- Talk with a partner: Dreaming and scheming can place stress upon your closest relationships. Practice this exercise along with a partner in order to share the experience and learn each other’s dreams.
Once you get focused and stay with your business you will greatly increase your chance of success. Nathan Waters, a budding young entrepreneur, recently realized this and posted in his blog:
Overall I think (hope) I've now moved past the typical stage of an aspiring young entrepreneurs' life where they try all sorts of small, poorly-thought-out business ideas – mainly websites in my case. I'm now all about focusing on just a few big, but low-risk (at this stage) ideas and really putting a lot of effort into making them long-term successes.
Have you found your calling yet or are you still bouncing around from idea to idea?