5 Truths Entrepreneurs Must Know Beforehand – via @Peter Voogd

Ran across this great post via AlleyWatch, written by Peter Voogd. Titled 5 Truths Startup Founders Must Understand about Entrepreneurship, Peter discusses 5 truths he feels all entrepreneurs should get a grasp on before jumping into the startup business. For those who are unfamiliar with Peter, he is the founder of Game Changers Academy, and has been an entrepreneur himself since he was 15 years old. To learn more about him, you can visit his Twitter page linked above. In his post, he lists 5 must know truths, which I’ve gone ahead and summarized below:

Although it looks glamorous, real entrepreneurship takes hard work and frequent failure. – Peter Voogd

  1. It’s not easy, but it’s worth it
    • Peter says that being an entrepreneur is a tough business. The higher to strive, the more chaotic it can get. This is something that all must understand before hand. However, even though it’s a tough business, it doesn’t mean one should stop pursuing.
  2. Resourcefulness is the ultimate resource
    • To be an entrepreneur means to be resourceful. Those who say ‘I don’t have the resources’ aren’t fit to be an entrepreneur. No matter what obstacle comes your way; money, people, team – a true entrepreneur finds solutions to these problems.
  3. Your circle of influence will make or break you
    • Surround yourself with positive and powerful people. Do not open your mind to negative remarks or comments. Who you link up with is very important towards your success.
  4. Habits trump inspiration
    • Form good habits and stick to them. No matter what, every entrepreneur should formulate good habits and behavior. It will only help you further.
  5. The only thing guaranteed is failure
    • Success doesn’t happen overnight nor does it happen instantaneously. Overcoming failure makes you that much more of an entrepreneur.

Click on the link here to read the full article.

Overall, Peter’s advice is solid. I advice all entrepreneurs to try and understand what he’s saying, and try to heed his advice. Entrepreneurship isn’t easy, but it’s something that can be learned with help and advice from others.

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