It is not uncommon to find a list of the attributes that you can find in a successful entrepreneur. You will often encounter perseverance, patience, persistence, and focus as the traits that you need to possess if you want to survive in this unforgiving industry. To further develop your list, Richard Bishara added some of the behavior that you will not traditionally come across, but you will surely benefit immensely from these traits.
When choosing a business concept, you might be compelled to do something you are good at. You may also choose to follow your heart and find something that you are passionate about. Choosing between these two can be quite a dilemma. Depending on the view of the entrepreneur, the answer to this question can be perplexing. Nonetheless, Richard Bishara encourages you to consider these answers when starting your business.
Why Should You Choose Something You are Good at when Starting Your Business?
Some businessmen believe that instead of pursuing your passion, you should stick with the things that you know. It is not always a bad thing; starting your business on the things that you know can be a great strategy. According to Richard Bishara, you should never follow your passion since it tends to change. You will find it hard to manage a business based on passion. There is also a chance that you will eventually discover that you are not that good at doing what you love. When you are pursuing your passion-based business, accepting the reality can be a tough pill to swallow. There is a chance that you will allow it to take over your life.
Since you are just starting your business, you want to first establish yourself as a trustworthy entrepreneur. Building a business by taking advantage of the things that you are good at will give you enough time to understand the trade of the business while making money. Once you manage to attain success, there will still be time for you to pursue your passion. You will have a higher chance to succeed since you already have a solid foundation. You also have connections, experience, and money, which are all necessary for success.
Why Should You Follow Your Passion When Starting a Business?
While there may be a lot of reasons why you should avoid pursuing a business venture based on your passion, there are still some compelling reasons why you should do the opposite. For instance, Richard Bishara believes that you should never start your business because of money. Ask yourself why you are planning to open a business, if this is about money, you should immediately abandon your business idea. Pursuing things for their monetary value will prompt you to change the path the moment things go awry.
If you choose not to follow your passion, your business will not be the only thing that may suffer. Regardless of your passion, you can apply the idea in starting a business. The possibility that your passion may dissipate may not be enough deterrence for you. If you manage to build your habits, your business will continue to be functional until you manage to find your new passion.
Some experts believe that it would be impossible to choose one of them without the other. Starting a business that you are not good and passionate about will make it impossible for you to reach the heights of success. Without passion, you will find it hard to function optimally. Without the necessary skills, it will be difficult for you to keep the fire burning. Richard Bishara believes that you should find a balance between the two.