There are many times in my short lifetime that I have tried doing it all alone. I just didn’t know a better way; wanting it all and trying to be it all. This has been the cause of many of my failed projects, and I believe it is the reason for many of the deaths of one time great dreams and hopes by energetic and enthusiastic young big dreamers. Here are some lessons you will find useful as a young person with an ambition to dare and do something great in future or any time soon, especially if you really desire to be an entrepreneur, you do well to take these truths to heart.
1. There is only so much anyone can do all alone. Don’t even try. You will get frustrated. Even when you think you are succeeding you’ll discover that another part of your life is suffering for it, this need not be so. Do not get too fixated on anything in such a way that your life tilts out of balance. Understand that you are human, with the limitations of time and a body.
2. It takes more than a singular skill to succeed. Not realizing this fact is the reason we have many people with great ideas who end up amounting to nothing. That you came up with an idea does not mean you have the power and skill to execute it. It will be wise to bring in someone who has other needed skills to make your dream a reality.
3. You don’t have all the skill set needed to achieve your goal inherent in you. So take inventory of your skills and strength. Note what you are lacking and then identify someone who has those complementing skills and partner them. You may be a great idea person but lack marketing and negotiation skills. Why not get someone who complements you, someone who can build your beautiful idea into a business that puts cool cash in your pocket instead of clutching it till it gets outdated.
4. It is better to own 10% of a really great thing or any kind of venture, than to own 100% of a small thing. You must be ready to let go of some of your autonomy, authority and profit in order to achieve your goal in a much more bigger, easier and worthwhile way. Why live small? A good example here is the man Robert Kiyosaki. He had a great idea for a book but he is a poor writer. So he enlists the help of Sharon Lechter [whose name you will always see on his book as co-author] he seeds her mind with the idea and she turns it into a book. The job is easier for him and the product is far better than if he had written it himself. Then he goes ahead and partners with a great company to produce and sell his titles. In the end he has not lifted a single finger or spent a dime of his own money. He ends up having less than 50% of the total sales of his entire book as royalty, but that in actual terms amount to double digit millions [dollars]. If he had tried to do it all himself, he would have owned all the money made from the sales but it would not have amounted even up 10% of what he now makes and he would not be as globally recognized as he is today, and he would have been discouraged and frustrated at some point and the world would have missed out on his great insights. Always bear in mind that it is not always about you. You need to look at something bigger than yourself. And get the wisdom to Buddy Up!
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