3 impactful rules of successful Entrepreneurs.

Yesterday, I was watching a video of Ritesh Agarwal.

He shares some of the stories of his life and what I realised is the major difference between a successful entrepreneur and a quitter is these 3 Rules.

I can’t convince

Before becoming an entrepreneur, you always have inside your heart that you would like to do something different. A whole lot of people want to do entrepreneurship because they don’t want to work under someone.

Convincing your boss

If that is the scenario then it’s better not to leave the job. because if you can’t have a proper conversation with your boss about what is there in your heart you can’t have the hard conversations with clients.

And the business is not a one-man job.

You need a team, you need people. If you quit the job then entrepreneurship will give thousand better reasons to quit.

It says “The best part of entrepreneurship is there is no one to tell you what to do”. and the worse part of entrepreneurship is also the same. there is no one behind you. Unless you handle the pressure and turn people around in your favour, it is going to be difficult.

Convincing parents

I was fortunate that My parents agreed to whatever I am doing but what if my parents don’t support me? so in that case a whole lot of people would have complained that my parents are not agreeing.
See, if you can’t sell the idea to your father, how will you sell it to the world.

I know our fathers could be old school but that is the beginning of entrepreneurship. The test does not come always from the front. Business would be running well but there could be so many problems that come from the side of a business that you could never imagine.

The thing with our parents is they also want us to be successful, make more money have a better life. the only thing they are scared of is that I may not end up doing something wrong. You just have to figure out their insecurities and give a better solution to that.

If you master that you win the first game.

1. Cold calling

Cold calling has always been an integral part of an entrepreneur.

Ritesh Agarwal, Even before starting his journey he started cold emailing to Thiel fellowship and then to so many other people when he was in the USA.

Guess what that worked.

When you take a leap of faith and even if you don’t have faith and you still choose to take the step, you will find a way.

The two biggest problems in cold calling are…

  1. Ego
  2. Lack of Persistence

Ego

When you cold call someone, the first thought that comes into your mind is why would he respond to me? A whole lot of people lose the game here only. but there are some people who still go and try but after trying 5-6 times they feel bad. It hurt their ego.

They end up feeling “they are not responding why should I send mails” or “Maybe it works for the authorities only not for us”

Lack of perseverance

It is sure that you are not going to get a reply in one. But it is really hard to find 100 emails and write to them with the same enthusiasm that this one will definitely reply back to me.

This is literally a taught task.

How do Entrepreneurs do it?

Entrepreneurs so desperately want it to happen that they don’t see the hurdles that are coming in the way. They are so busy taking action that they don’t get time to convince themselves that this may not work.

Whenever the game of probability occurs, that’s why Entrepreneur wins.

2. Being Insecure.

Ritesh shares an incident where he attends meetings with his colleague and sees them giving the best-prepared speech, he feels insecure for not adding anything to it.

That always pushes him to research and prepare for the meeting in advance.

Keeping yourself always with the people who are better than you will make you always insecure that am I being the best of myself or not? there is no coming back. You have to put best if you want to thrive.

3. Hard Communication is key.

Generally, we are scared to do some open conversations but when it comes to business if we start hiding things in our hearts because the other person feels bad, it’s difficult to do the business.

In fact, Ritesh says, when you have an open conversation that is ugly, you build a better relationship.

This applies to all the relationships out there. If we don’t open up, someday it busts and that makes everything uglier. It’s better to develop the attitude of convincing people and sharing the ideas in the best possible ways.

Conclusion

Did you notice one thing?

Everything is uncomfortable in the first place but they anyway do it and they get results.

Cheers,

Swapneswar.

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