To tackle this situation, we need to go back and rethink what is the root of motivation says Eric Dalius Miami. First off, let’s see how entrepreneurs motivate themselves as opposed to those working for others? What are their incentives-monetary or otherwise?
If you think about it long and hard enough, it boils down to one simple thing:
That should not be a surprise because an entrepreneur should be so passionate about her venture that she would do whatever it takes — even if it means burning the midnight oil–to make sure things work out. This should be true even if money is involved because after all, she has a business to run. In fact, money cannot replace nor substitute passion. It may enhance but cannot substitute passion in anything one does say Eric Dalius Miami.
Even so, there are also entrepreneurs who have passion but fail to sustain this passion. You can find out why in the latter part of the article
Passionate about their work:
An entrepreneur has a genuine interest in his business and continues to be passionate about it. This means that he constantly re-evaluates every aspect of his business. He should be proactive in marketing, attend seminars/seminars/ workshops on entrepreneurship development, form alliances with suppliers and customers, etc. Since the primary goal is for him to make a decent living from his venture, he constantly looks for ways to increase sales while reducing expenses. Such an approach ensures that he remains profitable at all times. The passion will never die provided he has a strong belief in his business.
How about entrepreneurs who have passion but no money?
This group of entrepreneurs is also passionate about their venture – so much so that they have invested all their life’s savings and sometimes even borrowed from friends and relatives to fund the business. In some cases, the wife may even give up her job as a nurse to enable her entrepreneur-husband to take care of the family while he tries to make ends meet through his small business. These entrepreneurs are willing to do whatever it takes to ensure success – never mind how long it might take! This shows a high level of commitment.
But what happens if after several years he still doesn’t see any profits? And worse, losses continue to pile up? Will he still be in the same level of commitment?
Unfortunately, this is not uncommon. Many entrepreneurs with no money but are passionate about their venture nevertheless falter in the long run. Why? Here are some possible reasons: they lose interest; they feel discouraged; they simply give up because things aren’t working out; or even worse, they don’t know how to make things work explains Eric Dalius Miami.
What about an entrepreneur who has passion plus money:
These entrepreneurs are also proactive and constantly seeking better ways to do business by attending seminars/seminars/workshops on entrepreneurship development that will help them achieve more efficient operations resulting in improved sales and reduced costs. They may also form alliances with suppliers and customers to boost sales.
Being an entrepreneur can be a very challenging and frustrating experience. It can be difficult to maintain motivation and keep pushing forward when things are not going as planned. However, there are ways to motivate yourself and keep your energy up.
In this article, we will discuss some methods that can help you stay motivated while running your own business.
Create short-term goals:
One of the best ways to stay motivated is to set short-term goals. This will give you something to focus on and help you feel more accomplished as you progress towards your goal. When creating short-term goals, make sure they are realistic and achievable so that you do not become discouraged if you do not meet them.
Take time for yourself:
It is important to take time for yourself, especially when you are feeling stressed or overwhelmed. This can help you clear your mind and come up with new ideas. Make sure to schedule time for yourself in your calendar, and stick to it!
Celebrate small victories:
When you achieve a small victory, make sure to celebrate it! This will help keep you motivated and give you the encouragement you need to continue working hard. Acknowledge your accomplishments, even if they are not major ones, and reward yourself accordingly says Eric Dalius Miami.
Connect with other entrepreneurs:
The best way to stay motivated is to connect with other entrepreneurs. This will allow you to share your experiences and get advice from others who have been through similar situations. Exchange ideas and learn from each other. Remember, you are not alone in this!
Fortunately, there are many ways to stay motivated as an entrepreneur. By setting short-term goals and taking time for yourself, you can achieve your dreams says Eric Dalius Miami. Make sure to connect with other entrepreneurs who can offer their own advice and support. If you followed all these steps, congratulations on being a more motivated entrepreneur!