5 Reasons You Struggle As An Entrepreneur - Win The Wealth Game

5 Reasons You Struggle As An Entrepreneur

By Dr. Daleen Smal | Personal Development

Dec 17
Struggle As An Entrepreneur

So life for you is just one big struggle as an entrepreneur. You have a strong desire to succeed as an entrepreneur but it just stays outside reach.

The problem is that desire is not enough to get what you want. If it were, then the world would only have happy and successful people.

A better question to ask is “What have I been doing that hasn’t worked for me”. Identifying what has not been working will help you make the changes needed for success.

1. Fear Of Failure

Failing has never stopped people from trying. There are plenty of examples of people who struggled as an entrepreneur and failed many times before finding success. Thus failing is not the issue.

The problem is that people fear to fail. It’s the fear of losing face, losing your dream, or losing money that keeps you from even trying.

People laughed at Henry Ford. You won’t be driving a car if he allowed humiliation to put him off. Most successful entrepreneurs have a few failures behind them.

Fear is part of the journey

Accept failure as part of the entrepreneurial journey. Failure is not the end of the journey. It is only the end if you give up.

You need to learn that fear is only a stepping stone. If you have never felt fear, it means you have never attempted anything that stretches you.

Don’t try and avoid fear because that’s not possible. There will always be some element of fear in everything you have never done before. It’s much better to learn how to deal with fear and struggles as an entrepreneur.

Don’t fear making a mistake. Think of making mistakes simply as another chance to make changes and try again. No human being is perfect. We learn by doing, failing, and trying again.

Let failure be your teacher. Learn from the mistakes and do it better next time.

Avoid negative thoughts

We all have this recording playing in our head telling us that we are not good enough, smart enough, or don’t deserve success and wealth. If you don’t stop that recording, it will play in a loop for the rest of your life, keeping you from moving forward. Besides, you’re more often than not creating worst-case scenarios in your head that never happen.

Play a different recording in your head. Change your self-talk. Start believing in yourself.

Even if you fail or make a mistake, get up, dust yourself off and give it another go, only better next time around. It doesn’t matter how many times you get knocked down. What matters is how many times you get up.

Let go of your fear of failure and embrace fear as the spark to take massive action and go after what you want in life. Taking appropriate action is what matters most in your life.

Key Points:

  • Failing has never stopped people from trying. It is the fear of failing that stops people.
  • Making a mistake means you get another chance to make changes and try again.
  • It doesn’t matter how many times you get knocked down. What matters is how many times you get up.

2. Frustration With Technical Tasks

It’s frustrating to come across a technical task and not knowing how to do it. You are ready to start and then you get stuck with a lack of know-how. As soon as that happens, the negative self-talk starts in your head. Struggling with technical issues is part of being an entrepreneur.

Remember, no-one knows everything. None of us was born knowing what we need to do. We all learned as we grew. Becoming an entrepreneur is no different.

Help is readily available

You want to start a blog but you have never done anything like that. Understandably, you won’t know where to start or what to do. Luckily, you can learn almost everything you need to know for free on the internet.

There are many courses available. You may get a mentor or coach to help you. Simply set time aside and submerge yourself in learning what you need to know and follow step-by-step instructions until you can do it.

No matter what your technical challenges are, the information and help are readily available.

There are entrepreneurial forums where you can post questions. Remember, many people on these forums have been where you are and they have struggled with what you are struggling with. Besides, they are more than happy to help.

Just in time learning

Don’t try and cram everything there is to know about a subject. Learn to do “just in time” learning. That means to learn just enough to get you over the current hurdle. Getting over hurdles is part of the struggles of an entrepreneur.  

Months from now you will be amazed at how much knowledge and skills you have gained by learning as you go. Before you know it, you become the teacher that helps someone else when they get stuck.

Keep in mind that learning and doing will never stop as long as you are an entrepreneur. You will always want to succeed and go to the next level. At every level, there are more things to learn to be successful. Don’t think that what made you successful at level 1 will be enough to make you successful at level 2 or 3.

Every time you want to add another zero to your annual income level, you will need to grow to that level. That means learning and obtaining the skills and knowledge required at that level.

Don’t get frustrated with technical issues. Embrace the challenge to get to the next level. You are not alone. Help is available to you.

Key Points:

  • None of us was born knowing what we need to do. We learned as we grew.
  • Set time aside and submerge yourself in learning what you need to know and follow step-by-step instructions until you can do it.

  • Keep in mind that learning and doing will never stop as long as you are an entrepreneur. Every time you want to add another zero to your annual income level, you will need to grow to that level.  

  • Don’t get frustrated with technical issues. Embrace the challenge to get to the next level.

3. Complacency Issues

You are probably familiar with the following story. When you place a frog in piping hot water, he will leap right out. But if you place a frog in cold water and then heat the water slowly, he will remain in the water and die.

This story is a metaphor for what happens when you become complacent in life. Complacency means you are content with where you are and what you are doing and like the frog, slowly dying. Not literally, but by a figure of speech.

Staying complacent in your comfort zone means you are not learning, improving your skills, or growing your business. You are content not to try new things to improve and grow.

The dangers of complacency

The problem with complacency is that people don’t want to make an effort to change their lot in life. Some people want more money but they are not willing to make the needed changes and put in the effort to get more money.

Making more money and complacency are not compatible. You must become unsatisfied with staying in your comfort zone, And you must be willing to do something about it to make more money.

It means you must become proactive, change your mindset, and develop a hunger for learning. Learning and earning go together. If you want to earn more zeros, you must learn more and acquire the necessary skills.

Staying complacent keeps you stuck in your comfort zone. Adopt new habits, learn, and grow to the next level.

Key Points:

  • Complacency means you are content with where you are and what you are doing.
  • The problem with complacency is that you don’t want to make an effort to change your lot in life.
  • Making more money and complacency are not compatible. You must become unsatisfied with staying in your comfort zone.
  • Learning and earning go together. If you want to earn more zeros, you must learn more and acquire the necessary skills.

4. Envy Of Others

When people look at their competition and envy them, they often become resentful. You can cause harm to yourself if you don’t let go of envy.

Envy is just another form of unhappiness. When it takes over our mind it becomes a powerful virus that kills our confidence and self-worth. We become stuck in a rut and it seems our entrepreneurial struggles won’t ever end.

Envy also arises when you look at the experts. They look so polished and always know what to say. It seems their ideas are so great and every program turns out to be a money-maker. Their Midas touch turns everything into gold.  

They also started from nowhere

Remember, they also had to start from nowhere. They were not always polished and perfect and rolling in money. Like everyone else, they had to study and grow their success. Their blood, sweat, and tears went into their businesses and they had to build it piece by piece.

When you look at experts you admire, see the rough road of ups and downs they walked to get where they are. Know that as entrepreneurs there were times they struggled, failed, were afraid, or worried. They are human like you and me and had their battles on the road to success.

Let go of the game of comparison

When you envy others and their success, you enter a dangerous game. It’s the game of comparison no-one ever won.

In that game, there will always be someone better and someone worse in business than you are. We, humans, tend to compare ourselves with people who are doing better than us and are ahead of us. If you use this measuring stick it will always let you come up short. You will constantly criticize yourself and create low self-esteem.

Decide to be your unique self and bring your uniqueness to your business and the market. Look at what you have and be grateful for everything.

Find your own success story. If you want to compete, then compete with yourself and become better today than what you were yesterday. That is your winning story and puts you in control of your life and your success.

Key Points:

  • When you look at your competition and envy them, you often become resentful.

  • When you envy others and their success, you enter a dangerous game. It’s the game of comparison no-one ever won.

  • Decide to be your unique self and bring your uniqueness to your business and the market. Look at what you have and be grateful for everything.

  • Find your own success story. Compete with yourself and become better today than what you were yesterday.

5. Overloaded With Options

Today there are so many options available to entrepreneurs that they struggle with focus. There are so many ideas you are in danger of hopping from idea to idea.

Then you try this method and before you know it, you jump to the next best thing that just came available. This is what people will call the shiny object syndrome. You chase after every new technique, tool, or software. The creators of these things are experts in letting them sound to be the solution to all your problems.

Focus on one thing

The problem with this behavior is you forever start over and never achieve anything at all. Your attention and focus shifts all the time. In the end, it feels like all you do is chasing your tail and you’re stuck at the starting line.

This lack of singular attention and focus cause you to derail from achieving success. You are chasing new shiny objects instead of buckling down, learn one method, and make a success of one. You don’t finish one task and in the end, you lose time and lots of money.

The same goes for information overload. You just chase new information all the time and you fill your head with data until you don’t know which way to turn. You become paralyzed with having to make so many decisions on what to do and who to follow that you do nothing.

It’s a fact that a confused mind never takes a decision. When someone is confused, they stay stuck right where they are. It is in your power to stop this senseless chasing of shiny new objects and endless research.

Get organized

Create a schedule of tasks you have to do in your business. When something new comes along, ask yourself if you have any unfinished tasks from your current project. If yes, don’t get involved in anything new. Finish what you have started first. Make a success of one thing before adding anything else.

As far as information and research go, only take information that you need to finish your current task. Focus on just that bit that you need to finish the step you are now on. Do what you need to do to finish this one step only.

 Don’t do many things poorly. Nobody ever won this way. Do one thing extremely well. That is how you achieve success as an entrepreneur and in life.

Key Points:

  • There are so many ideas you are in danger of hopping from idea to idea. This is what people will call the shiny object syndrome.

  • The lack of singular attention and focus cause you to derail from achieving success.

  • A confused mind never takes a decision. It is in your power to stop this senseless chasing of shiny new objects and endless research.

  • Don’t do many things poorly. Nobody ever won this way. Do one thing extremely well. That is how you achieve success as an entrepreneur and in life.

Conclusion

Stop your struggle as an entrepreneur by taking control. Remember, you are the master of your destiny. Embrace failure as your teacher. Remain grateful for everything you have. Find your own success story. Compete with yourself and become better today than what you were yesterday. 

Like Ralph Waldo Emerson said: “The only person you are destined to become is the person you decide to be.”

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