Balance your need to know with the fact that entrepreneurship entails embracing risk. I wish that I would have stopped researching and soliciting feedback from so many others and just plunged ahead. – Tevis Trower, Balance Integration Corporation 7. The understanding of the process and confidence-building available through the creativity and mentorship in that room is a leg up for any aspiring founder. I recently mentored a TechStars competition and was blown away by the fantastic free access to learning it provided.
I wish I had gone to a pitch contest (although I’m not even sure that they existed back in 2002 when I first started). – Jennifer MacIver Edwards, Insightin | Health Take the time to talk to people who have walked a path similar to your own. They will encourage you, support you, and call you on things that you may not be aware of. You need people who can hold a mirror up, and you need to be able to really hear what they are saying. Hire yourself a coach, and begin to build a group of advisers who will guide you without wanting or needing anything from you. If your first iteration isn’t perfect, you’ve started too late. If you aren’t prepared to do the work of building your business and failing fast and forward, then you’re not doing it right. You can read and digest all of the material in the world and listen to mentors, guides, and other helpful people as much as you would like, but nothing beats fast action and execution. Surrounding yourself with people who have stepped into the ring is a great way to understand the road ahead of you and to gain the insight that you won’t win every time-to get that, you need to learn from your failures and not let them define you. Being in the fight is the most valuable information you can have. LEARNED FROM THOSE WITH DIRECT EXPERIENCEīefore starting my business, I wish I had engaged others who had direct experience. The truth is, you’re never really ready to start, and you’ll learn more through the mistakes you make along the way than in a book. We always think that we need to learn “that one thing” or get better at something else before we are ready. It is an always-on process for example, the context of change in our business is mostly due to fast technological advances and changes in consumer behaviors. Test, learn, and refine on an ongoing basis to discover, learn, and optimize until you reach your maximum performance point. Nothing matches the power of experimentation. Below, 15 Fast Company Executive Board members look back and reflect on what they wish they had done when they first began their entrepreneurial journeys. But there can be a big benefit to weaving in the wisdom of others. Your entrepreneurial journey is unique, and ultimately, you’ll write the story of your business’s birth and growth.
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