Success does not come cheap. It requires hard work, perseverance and a lot of sacrifices to achieve it. It is difficult to abdicate something you are used to. However, when you think of the results of your sacrifice, you should be willing and ready to do away with them. So, if you are an entrepreneur or a small business owner or startup, here are practical sacrifices you have to let go to be successful.
We all have 24 hours. For many, this is never enough. However, if you really want to be successful, you have to plan your schedule and invest your time wisely. In addition, you have to cut off the things you waste time on and refocus them on important and relevant things. You barely have any free time if you are pursuing success.
In fact, a recent article suggests that entrepreneurs work an average of 60 hours a week and spend additional time thinking and worrying about their businesses.
In this case, you have no choice than to deny yourself sleep. Yes, you may be tired after work and the weekend is the only time you may have to sleep. So, due to this, you sleep whenever you are opportune. Success full people sleep but they wake up at a point in time at night to do the things that will bring them that desired success.
Family & Friends
If you’re planning to start a business, you should be prepared to sacrifice some amount of time normally spent with family and friends. Although many people will be supportive when you first announce your plans to launch, loved ones are likely to grow frustrated if you continually cancel plans to deal with business emergencies.
The hard truth is you only need friends that key into your dreams and ambitions. If you find that kind of friend, you should keep that person. Of course, you have other friends that you won’t like to lose but you have to. In some situations, you may have them as friends but your level of communication will reduce as you are too busy chasing success.
You have to be very disciplined if you want success. You need every penny. So, you have to quit buying all those extravagant stuff. And even if you do not buy them, you still need to make the personal sacrifice to deny yourself of certain wants.
Partying and clubbing every weekend has to reduce. In fact, if you are obsessed with success, you are not supposed to have a social life. That is extreme you may say. But the truth is you have to significantly cut down your merry-go-round.
It can be difficult to balance relationships and work. But if you have someone that understands that you have to pursue success, then stay with that person. Clearly, you have to find time to also stoke that relationship. If you cannot balance both ends, just quit and focus on one. Relationship or success? Success it is.
As an entrepreneur, be prepared to sacrifice control in favour of the chaos of running a startup business. The fact is that even the hardest workers can only accomplish so many tasks in a single day. As a result, successful entrepreneurs must loosen their grip and trust their employees and investors to carry the load.
Additionally, owners have to move quickly and take financial risks without worrying too much about the consequences if they hope to succeed in the cutthroat startup world. Let go of your need to control every aspect of the business, or else your new company may be doomed to failure.
From working long hours to losing sleep, the sacrifices associated with small business ownership are numerous. However, with hard work and perseverance, the chances are good that your small business will become something you can be proud of.