Motivation is the Achilles heel for many entrepreneurs and startup owners. You’d assume that the more innovative an entrepreneur is, the more motivated he is to pursue his business or startup idea to fruition, right?
Not really. The reality is that many entrepreneurs often lose heart, especially after the first failure. Research from Statista shows that out of the many reasons why startups fail, loss of focus, lack of passion, and burnouts are the among the most common.
So how can entrepreneurs stay committed to their startup ideas? We asked 9 influencers to share their tips.
hey there! I don’t claim to be an expert ? but I would say the main things are a. be committed, b. demand your founders are too and c. have reasonable expectations about the journey – some good images on point in this medium article https://t.co/ld6sNBW90P
— Elise Chant (@elisechant) April 18, 2018
Honestly, if motivation is an issue for you then you should probably reevaluate what your working on. The whole point of picking a startup is to work on something you can be married to for years, even if it’s not making money. Passion is what drives successful projects.
— AndrewStartups (@AndrewStartups) April 13, 2018
That can be a challenge during the early stages after the excitement of the idea wears off and you start running into roadblocks! I think the ability to switch off and come back fresh helps, and building the right support structure – whether that’s co-founders, an accelerator etc
— Timothy Roberts (@tjrobertsnz) April 11, 2018
Continuously interact with your customers – stay connected with the problem you are solving and the people you are solving it for.
— Sharon Hunneybell (@shazzybell78) March 18, 2018
Love to -ensure the problem you are solving will make the world a better place ? stay focused on the outcome ? build an awesome team of good people who share your vision & call you to account ☝️
— Anne-Marie Elias (@ChiefDisrupter) February 24, 2018
First, you gonna love your idea. Second, set short-term target and deliver it.
— Philip Pun (@PlanDoSo) February 25, 2018
Motivation comes wholly from falling in love with the problem you’re solving, not your current solution until you *know.* your customers love it.
— Matt Allen ? ⚡️?? (@mattallen) February 28, 2018
Hey there @MustafaMohsin05 I think the key above all else is to get started. Time is by far your most valuable resource.
— Ollie Worthington (@olliesblog) March 4, 2018
Get others to help with the things that you have least motivation to do yourself. In my case, one of first people I employed was a part time accounts person – @PaulSpain
— NZ Tech Podcast (@NZTechPodcast) March 3, 2018
The aforementioned tips are invaluable pieces of advice for entrepreneurs to stay committed with their business idea. If there are other tips or pointers you feel we should include, please state in the comments below.
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