Are you someone who sees life as a big adventure? If so, the chances are that you are an entrepreneur: someone that loves the challenge of creating new things, exploring new skills and living on the edge.
At least a little bit, and certainly more than the average citizen.
Entrepreneurship in its pure form is an adventure of dreams, an adrenalin rush, and a place where passion meets action. It is an exploration of what is possible, driven by an inner belief that success is a sure thing.
It is this early enthusiasm that motivates us to move out of dreaming of doing and keeps entrepreneurs coming back for more, time and again.
But what happens when the honeymoon period is over, and the thrill of the startup, make it happen, “boer maak ‘n plan” period has been replaced by the drudgery of daily management, cash flow nightmares, and staff problems?
When the feeling of adventure has been lost and all that’s left is the hard slog?
If you recognise this feeling, you are not alone. I don’t know anyone who has climbed the ladder of success without feeling such despondency at some time or another. It is the signal that things are changing. Either that the business (or you) needs re-alignment, or that the business needs you to grow from being an entrepreneur to being a business leader.
It is time to recognise these signals for the lessons they are giving and set out to find your new direction, new answers, and solutions.
This month’s issue of Catalyst shares some great tips on managing failure and the challenges (and joys!) of the entrepreneur’s journey. We give advice on what to do after a failed pitch, share lessons learned from buying a small business without doing due diligence, and discuss the impact the recent VAT increase will have on small businesses.