Why Entrepreneurship is Not For the Weary

Why Entrepreneurship is Not For the Weary

If you’ve been in the entrepreneur lane for more than a minute, you know that there is at least one time in which you’ve wondered if you should continue running on as a business owner or if you should just call it a wrap. Every business owner has had to come to that question and most have had to ponder it much more than once.

Entrepreneurship is not for the weary. You will be tired, tried and tested throughout your tenure. So, if you haven’t experienced it yet, know that at some point you will. And when you do, take comfort in knowing that the exception to the rule would be someone whose circumstances did not require them to think of it at all.

When that moment happens to you, it is important to take an analysis of where you are in your business and where you still have yet to go. Owning a business is no small feat. It requires tenacity, unrelenting faith and perseverance just to name a few. Even with all the right characteristics, there will be moments in which you wonder if you should go on in your business.
 

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I have had to ask that question at some point in almost all of my businesses. But know you can never create a successful business without making it through some dark seasons. Entrepreneurship can produce the most unbelievable, amazing results, but once you get to it, know that you deserve every bit of that success after all you would have had to endure to make it there.

When you do your analysis, look at whether you’re currently doing the best you could possibly do in the business. Look for support in the areas where you see gaps, and determine what is going to be required to get you out of that hole.

If you are able to do what is necessary to produce the end result, keep running. But if you see that even with the necessary components it is still not worth it in the end, or you are not willing to do what’s required to get there, perhaps it’s time for you to let it go.
 

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Nothing comes without sacrifice. There is a price for everything. Many who have built successful businesses will tell you that often times those they loved had to be sacrificed. For some, the sacrifice was worth it. For others, it certainly was not. But only you can determine whether the sacrifices it took for you to get there was worth it for you or not.

Seek out advice from those with specific expertise in the areas you need support. But be sure to make the best decision for yourself and one that you can live with and not regret as your life goes on.


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How Angel Investors Can Help Your Business Grow

How Angel Investors Can Help Your Business Grow

Angel investing is a powerful way for entrepreneurs to fund their businesses. One of the major reasons why businesses don’t succeed is due to the lack of capital.

Angel investors are often wealthy individuals who are interested in investing seed money or capital to expand a business. Many are interested in bringing certain ideas and innovation to fruition.
 

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Some angel investors love to contribute their expertise to the businesses they invest in. Some have already created successful businesses and have a tremendous amount of business experience they want to share. Others may not have the expertise, but could be interested in learning. Whatever the interest of the angel investor, it is important to know exactly what their expectation is as it relates to being a part of the company their money is helping to support.

Most angel investors require ownership in your business in exchange of their investment, while others do not. Some may require you to pay a particular investment return without requiring shares. You are able to negotiate and structure the best deal for yourself and your business. But just remember, if you are in need of the funds, the investor has the upper hand. They will have a significant advantage when structuring the deal for your company. There are tons of companies seeking out investors. You are not the only viable business opportunity in town.

Many angel investors focus on specific industries and sectors. Some may only be interested in women-owned businesses or tech, but whatever the type of investor, do your research to make sure you have the angel investor and investment that is best for you.
 

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Finding the right angel investor can be difficult. It’s going to take much more time and effort than you may anticipate. So, make sure to give yourself a significant amount of time to search for one.

Once you find one, you’ll want to make sure you complete your due diligence before signing any agreements. I advise you to seek out a corporate attorney to assist you in the process and ensure it is the best deal for you. Do not wait until the last minute to do this. Bring the attorney in early as the right one will help you to avoid a ton of pitfalls in this process.

I have seen countless investment deals go bad. So, you’ll want to do whatever is possible to put yourself in the best position at the beginning. Otherwise, it can be a huge liability to yourself and ultimately your business in the end.


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