This past week, I flew into Wichita to present on “how to win the buyer” at the REALTOR association of South Central Kansas, thanks to my friends at Peoples Bank. As a speaker, most people only see the glamorous side with many pictures taken from the stage. What people don’t see is landing at 1am the night before, flying out at 6am the next day, and dealing with the stresses of travel delays. This experience got me thinking about all industries and the life of an entrepreneur. The journey to becoming a “10-year overnight success” is filled with unseen challenges and triumphs.
1) Passion Can Turn Into Resentment
Passion Fatigue: Initially, your passion fuels you, but eventually, the daily grind can make even the most exciting projects feel mundane. Passion alone isn’t enough to sustain you in the long run.
Sacrifices: Being a solopreneur often means sacrificing your social life and work-life balance. Long hours and the pressure to succeed can take a toll on your personal relationships.
Celebrate Rarely, Grind Daily: Success is built on daily efforts and consistency. Celebrations are rare because the journey is continuous and often challenging.
Less Is More: Stop trying to “change the world” and understand that less is more.
2) Managing Emotions and Expectations
What happens when that deal you were counting on falls through because they went with someone else after you spent so much time with them?
You only get paid for about 20% of your efforts. The rest is administrative work, marketing, customer service, and all the other tasks that keep the business running.
Control the Controllables
Focus on what you can control. Ask yourself, “What’s the highest use of my time right now?”
3) Transactional vs. Transformational Relationships
As you grow your business, you’ll notice changes in your relationships. Those closest to you might be the ones who turn away.
Different Seasons: You’re going through different seasons of life compared to your friends and family. While you’re focused on your business, they might be pursuing other paths.
Business Relationships: Your business relationships might become some of your closest relationships.
Law of Attraction: As you immerse yourself in your industry, many of your new friends will be industry friends. You’ll attract people who understand and support your journey.
Be Cautious of Fake People: Business attracts certain “types” of people. Some are genuine, but others are not. Follow your gut intuition to navigate these relationships.
Closing Remarks: Why do we do it? Because it’s still better than working for other people. Being in total control. Embracing the entrepreneurial spirit.
Nobody told you about this part – but now you know. The journey of a solopreneur is filled with unexpected challenges and profound rewards. By embracing the realities, focusing on what truly matters, and navigating relationships wisely, you can thrive as a solopreneur.
Thank you for joining me today on “Nobody Told Me About This Part – Life of a Solopreneur.” If you enjoyed this episode, please subscribe, leave a review, and share it with fellow solopreneurs. Stay tuned for more insights and stories from the frontlines of solo entrepreneurship.
Mother Teresa Poem – Do It Anyway
People are often unreasonable, illogical, and self-centered;
If you are kind, people may accuse you of selfish, ulterior motives;
If you are successful, you will win some false friends and some true enemies;
If you are honest and frank, people may cheat you;
be honest and frank anyway.
What you spend years building, someone could destroy overnight;
If you find serenity and happiness, there may be jealousy;
The good you do today, people will often forget tomorrow;
Give the world the best you have, and it may never be enough;
give the world the best you’ve got anyway.
You see, in the final analysis, it is between you and God;
it was never between you and them anyway.
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