A day in the life of an Entrepreneur!
According to a report by Nasscom, India will become home to 10,500 startups by 2020. With so many people taking on entrepreneurship, you may be wondering, is it the right path for you? Before we take a glimpse of a day in the life of an entrepreneur, let’s take a look at some demands of entrepreneurship.
- Motivation: Do you feel strongly about an idea or vision? Can you keep yourself going through ups and downs? Are you ready to take risks and deal with difficult people? Being driven and self motivated will help you build resilience even during the tough times of your start-up!
- Customer and team focus: As an entrepreneur, you’ll have to meet your client needs. Entrepreneurship demands customer focus because building a product that people buy is critical! Interpersonal skills and listening to people’s needs are important. These will help build great relationships with your clients and also your team, suppliers, shareholders, investors and beyond.
- Patience and persistence: As an entrepreneur, the ability to wait for your product market fit is important. Not everything clicks on day 1, so you may need to wait for building your customer base, product development and even payments from clients! You need to set regular targets, plan and organise yourself, and wait for those critical opportunities to come to you!
A typical day for an entrepreneur starts early checking the phone for emails and messages! The morning may be spent on planning the day, and then doing a team meeting to set the priorities for the day. The rest of the day often includes meeting with key stakeholders such as customers, team leads and investors. Many entrepreneurs are in the field promotiny their organisations and working to get partnerships. After some me-time and dinner, they’re often back to replying to their mails and messages! Running a company is clearly not a 9-to-5 job, but at the end of the day the buck stops with you. So you can plan your day as you see best and make it work for you!