Posts tagged: risk

Parallels Between My Trip and Entrepreneurship

This is a topic that I’ve been thinking about for a while now, and I have finally gotten around to writing about it. One of the main reasons I’m going on this trip is because I want to be an entrepreneur, and I think this trip will help me develop entrepreneurial skills. So, in this post I’m going to talk about how this trip is similar to entrepreneurship.

1. Thinking vs Doing – This is one of the big challenges for wanna-be entrepreneurs. A lot of people talk about ideas they have for businesses they want to start, but they just talk about them. In order to be an entrepreneur, you have to get into the habit of DOING stuff, rather than just talking about it. Well, with this trip, it could be the kind of thing that I just talk about and never do. Lots of people think up cool ideas for trips or other things, but they never follow through. That’s why it’s important that I actually get out and do it.

2. Don’t Have to Have Everything Planned – This is similar to the last post, but there’s an important distinction. The reason lots of people struggle with doing things, is because they want to have every possible problem solved before they face it. When people ask me about my trip, they often ask what I’m going to do in certain situations when they come up. Now, I’ve thought about lots of different things, but there is no way I can plan for everything. There will be experiences that I couldn’t anticipate or plan for. As an entrepreneur, that’s something I’ll have to get used to. You have an initial idea, and you make plans on how to execute that idea. Then, you just start doing stuff and learn as you go along.

3. Adapt – These parallels are kind of making a progression because they build on one another. When an entrepreneur has an idea and starts doing things to make that idea a reality, he needs to be open to adaptation. Many successful businesses came about after an entrepreneur saw an opportunity, and adapted his existing business idea to go after that opportunity. I have a specific plan and purpose in mind. I’m going on my trip to explore cities, jobs, and companies. However, maybe once I get out there, I’ll realize that my survival is taking up a lot more time than I thought. Well, then I’ll have to adapt my purpose and goals for the trip based upon that experience.

4. Risk – We all know that entrepreneurs take risks, and they have to get comfortable with that. Their taking financial, emotional, and personal risks when they try to start businesses. Well, on this trip I’ll also be facing a lot of different risks. I’ll be facing the risk of not having a place to stay, not having enough to eat, not having any friends, and not being able to get to where I need. These are risks that scare a lot of people, and I’ll be honest, I’m scared of them too. However, I also think that where there is a great risk, there is also a great reward. As I get comfortable with risks on this trip, I think it will help me be able to face risks later as an entrepreneur.

5. Creativity – As entrepreneurs face different challenges the have to continually adapt and think of new solutions to problems. Lots of times, this requires a great amount of creativity on their part. An entrepreneur can face funding constraints, talent constraints, and time constraints. They have to learn how to be creative in order to accomplish their goals. I will face very similar challenges on my trip, and I’ll have to be creative and think of ways to overcome them. How will I make money? How will I find places to stay? How will I get to where I need to go? I may find that my initial ideas on how to accomplish these things may not work. Well, then I’ll have to be creative and think of quick solutions to my problems. Especially since I don’t have a home to go to at the end of the day.

6. Leverage – Entrepreneurs learn to leverage others time, money, and talents. An entrepreneur really is a master at finding the right talents, people, and abilities to make a business happen. It’s not uncommon for entrepreneurs to get people to work for free for a long time. Now that’s some impressive leveraging ability. I’ll also need to learn how to use leverage on my trip. I’ll try to leverage the power of my own network, of the people I meet, and my followers online. Almost every day I’ll be relying on my ability to leverage others and their assistance on my behalf.

7. Sell Yourself – If there’s one thing I hear a lot, it’s that as an entrepreneur, you have to sell yourself. Leverage has a lot to do with your ability to sell. You need to convince people of your idea, your ability, and your vision. Only by successfully selling yourself will you get the help you need. I’ll be doing the same thing. My survival is completely dependent on my ability to sell myself. Every amount of assistance I get will come from my ability to sell me. I’ll try to convince businesses to come let me shadow, people to give me rides or couches to crash on, and somehow convince somebody to give me money, for whatever I decide to do to get that.

8. Have a vision – Entrepreneurs have to have a vision of what they accomplish and be optimistic through their challenges in order to succeed. They will face many setbacks and challenges, and only if they have a vision and the optimism that they can be successful will they be able to make it through. I will definitely face some hardships and struggles on my trip, and it is only through my optimism and my vision that I’ll be able to keep going in spite of them. I can give up anytime I want, so it will really be my vision of what I want to accomplish that will keep me going.

9. Overtake Your Life – I’ve heard that starting a business can be extremely overwhelming and often takes over your life. You eat, sleep, and drink your business in order to make it a success. Well, my trip will be the same way. I’m basically eliminating all options to ever get a break from my trip. I won’t have a car, a house, or a regular job. I will always have to be thinking and trying to come up with ways to make my trip work. So, I guess you could say I’m jumping in with both feet.

Ok, well, I’m sure there are other parallels, but I think that is sufficient. These are just some of the main parallels that I’ve thought of, and it can give some insight into why I want to do this trip.

Bookmark and Share

Living the Dream?

While I was at work today, I overheard my boss use the expression, “living the dream”. This is an expression that I hear a lot, and I’m slightly confused at to what it’s supposed to mean. Most of the time, people say it in a somewhat sarcastic or facetious way. When somebody says it in that manner, it seems to me that they are saying that their life is less than interesting.

For example, you see a friend you haven’ t seen in a while, and they ask you what you have been doing. A common response in this scenario can be that you’re “just living the dream”. This response seems to be said when someone feels they don’t have anything too noteworthy to report. Now, I may be reading into this statement wrong, but that seems to be the underlying meaning of the statement. You know, they aren’t doing anything that exciting, just going to school, going to work, dating, blah, blah, blah.

It’s funny because I’ve heard this statement in conjunction with the lifestyle of a college grad that still lives in Provo. As I’ve tried to explain to people what I’ve been doing, my friends have sometimes pointed out that I’m just “living the dream”. Basically implying that I’m doing nothing with my life by still living in Provo.

So, why is “living the dream” not a good thing? Don’t all of us hope that we’ll go after and achieve our dreams? I think that most of us do. However, “the dream” is often associated with societal norms and expectations that we’ve been raised with all of our lives. So yes, “living the dream” should be a negative statement, because if we’re living “THE dream”, we’re not living our own.

My dream is not to graduate from college and go work for a big corporation in New York, Boston, or D.C. My dream is not to find a “career”, and work for somebody else for my entire life. My dream is not to go to medical school, law school, dental school, or get my MBA. My dream does not align with a lot of the normal, predictable, and expected post-graduation plans of college grads. So, when I say I’m “living the dream”, I’m doing just that. I’m not doing what I want to do, rather, I’m doing what I’ve been taught I should want to do.

That’s really why I’m going on this trip. Too many people settle for “living the dream”, because it just seems too risky or scary to go after what they really want. Even then, often times people have a hard time deciphering between what they really want and what they’ve been taught they should want. I kept quitting jobs without having any other plan, because I never wanted to just get comfortable and settle for life. I hear people all the time say that they don’t love their job, “but it pays the bills”. That, to me, is living the dream.

So, are you living the dream?

Bookmark and Share

WordPress Themes