What is the hardest thing about being a entrepreneur?


As an entrepreneur building out two startups while also raising a family, I don’t have a lot of free time for hobbies. To relax, I like to visit Quora, mostly reading other people’s answers but at times answering some as well. Today I came across this question and thought this audience might appreciate all the answers. Mine is below:

Most everything is hard, but since you asked for just one, I’d say balancing the belief that you are right with the lack of information and proof that your belief is correct. Or in other words, knowing your decisions are right vs. just believing them true.

After two decades, my solution to this is to expect some of my beliefs to be false. The best term I heard for this is Plan for Failure. Always start with your best plan, but expect it to not work as expected. Watch for the first sign of failure. Have a plan B ready. And a plan C, plan D… ideally plan G too.

Startups die when they make too many consecutive mistakes. Or one big irrecoverable mistake.

Since you’ll never have enough information to know if you are right when you make a decision, stop believing all your choices are correct and start acting like some of them are not.

All the answers at: www.quora.com/What-is-the-hardest-thing-about-being-a-entrepreneur

By "Luni"


HardcoverThe Next StepThe Next StepThe Next StepThe Next Step The Next StepThe Next StepThe Next Step



Recent blog posts