Fall in love, certainly. But a wonderful product or service won’t make up for bad decisions and deficiencies in marketing, management or finance. Being a successful entrepreneur means being a competent entrepreneur, in addition to being the best baker, computer programmer, picture framer, hairstylist or whatever it is you are.
Here is the real secret: passion is critical, but it can’t make up for deficiencies in the other categories. I have seen many people fail in business, and they were all passionate. It is not enough.
We often post quotes of notable entrepreneurs toting that passion is the lifeblood of business. Here, Jay Goltz begs to differ, and argues why a combination of factors—not just one—will help your company grow and flourish.
Not firing people does not make you nicer than I am. It just makes you irresponsible, and your customers and your other employees pay the price.
Jay Goltz hiring, firing and being the boss.
Choosing entrepreneurship might be one of the most simple and pure adventures you can take. No permission needed, no essays to write, no tests to take, no interviews to get through, no one to tell you what to do or what not to do — and of course no one else to take the credit or blame.
You need only the possibly crazy notion that someone wants to pay you money for your goods or services — and the guts to quit your job, sign the lease, borrow some money, spend the money and tell your spouse, parents, and/or parole officer. For some, this is invigorating. For others it is intimidating. It can be both. Certainly, it is very different from the more predictable paths of going to graduate school or getting a job.