14 entrepreneurs share their secret tips to success

14 entrepreneurs share their secret tips to success

7. Look after your own mental wellbeing

business_tips_tranquility

Working your way through the early days of any startup is no easy feat. While it’s obvious that setting up a new company won’t be a breeze, Udemy CEO Dennis Yang believes many young entrepreneurs may not realise just how stressful it can be.

“People embark on their journey, but a lot of [the journey] is how to manage your own psychology in all of the [emotional] ups and downs. It’s a huge thing that I think people don’t really understand.”

Trying to keep your cool in any situation, both during the highs and during the lows is key to your startup’s success. Go overboard during the good times and you risk crashing and burning when the low times roll around again, perhaps just a few hours later. “[managing your own psychology] is hugely important if you want to be successful”.

8. Persevere

entrepreneur_tips_perserverance

Setting up your business and developing your product is the easy part of creating a startup. The real challenge begins when you have to start convincing others of its worth. The trick is to not become disheartened and deterred from your great idea.

“There’s a lot of people out there who are ‘yes, but…’,” Nigel Shanahan, founder and chairman of Rant & Rave, told us. Obviously, some ventures work out and others don’t, but it’s about discovering that for yourself. Don’t decide your business is worth canning because someone else told you it shouldn’t exist.

“Naysayers will give you lots of reasons for why you’ll fail, but you’ve just got to persevere. The really talented people out there are the ones who end up persevering.”

9. Take your holidays

ten-science-myths-everest-is-the-highest-mountain

The stereotypical startup entrepreneur works 20-hour days, seven days a week to make their dream come true. While that’s often the case, you’ll burn out if you don’t take a break. “When you’re working in situations that seem to demand that you don’t take your holidays, I have learned to always take them,” said Celia Francis, CEO of Rated People. “I remember one summer working the whole three months and finding myself completely burnt out in the autumn as a result. I could not bring my usual positive, creative, fun energy to my team, and it did not help me or the company succeed. And, of course, I missed a chance to spend time with friends and family that will never come back to me.”

“While many startups appear to become an overnight success, that doesn’t normally happen.”

Starting a business isn’t a three-month effort – you’ll be at it for years, so pace yourself. While many startups appear to become an overnight success, that doesn’t normally happen straight away, said Huddle’s Mitchell. “Anyone who wants to pursue a startup in the industry needs to be prepared to make a holistic long-term commitment,” he said. “It doesn’t matter if you’re the founder, president or the CEO, you have to be in it for the long haul and you have to manage yourself, your health, and your family life. That’s why I coach founders who are currently on this journey to encourage them to find a balance in their own lives. They need to learn how to manage the pressure and expectations they place on themselves.”

Finding that work-life balance means you’ll need to cede control. “Entrepreneurs become the bottleneck to growth because they struggle to delegate,” said Buddi’s Murray. “You have to learn to let people do things you know you could do better.”

Blippar co-founder Jess Butcher agreed, saying learning how to delegate “took me far too long, aided only by having a baby and an enforced period of time out of the business!”

Disclaimer: Some pages on this site may include an affiliate link. This does not effect our editorial in any way.

Todays Highlights
How to See Google Search History
how to download photos from google photos