Do We Really Need to Face Hardships to Become Successful?
If it were easy, everyone would do it. We would all be successful entrepreneurs by now, and wouldn’t it be worth it. But, that doesn’t mean you must face hardships. The path you are going to take will often depend on 4 key factors:• What is your definition of hardships
• The type of competition you face
• How well you can overcome stress
• How lucky you really are
Remember, everything you do in life is a learning opportunity. There are no set rules that say you must face hardship to succeed. It all comes down to you and how prepared you are to venture into a specific territory or market. But, in general, it will depend on these factors. Here are all these factors analyzed in detail.1. What Is Your Definition of Hardships?
When you think of someone who has become successful without facing any hardships, you might think they are over exaggerating it. It would be impossible to rise to the top without facing any hurdles along the way, would it?
2. The Type of Competition You Face
How difficult it will be for you to succeed, will often depend on your competition. Some markets are more cramped than others. In fact, the statistics show that more than 19% of startup businesses go bankrupt because they couldn’t handle the competition. If your business idea is more on the creative side, you are less likely to face that much competition along the way. Let’s take the fast-food market for example. The fast-food industry is one of the top revenue streams for countries all around the world. With key players such as McDonald’s and Domino’s, most of the market will already be overcrowded. Toppling the competition will be a feat of its own. The direct competition in this sector is overwhelming. https://www.youtube.com/watch?v=iFpIeUJlHPM But, if you want to find your way through a less pressuring market, the odds of success will be higher, and the hardships few. Competition is not a bad thing if you know how to manage it. You can learn from your indirect competitors to improve your product or work. It gives you the opportunity to be creative, innovative, and think of different ways to become proactive.3. How Well You Can Overcome Stress
According to statistics, entrepreneurship can take a psychological toll. In fact, people who are trying to start a business are far more likely to get stressed out than anyone else in the workforce. The reason for that is relatively simple. When we want to create something with our own two hands, we will naturally stress about it. There are a lot of responsibilities along the way, like finding investors, managing income, overcoming visible problems, etc. When a problem keeps you in the dark, it makes things even worse. But, the truth is, there will be many times where you can do things the “easy” way. But, the “smarter” way, won’t be that easy to spot. Stress will cloud your judgement, and being able to make rational decisions under stress will be a key to success. Not only will you be able to overcome the hardships, but you will also deal with them much easier. The key lies in your motivation, energy, and creative side. If you have a strong emotional state, the hardships won’t be much of an issue. They will just be another step that will take you closer to success.4. How Lucky You Really Are
Luck is a variable, but an important variable. Whenever you see an opportunity, you take it. The moment you start your business, you are hoping that the chance you take will give you the right opportunity. You hope you will have what it takes to get into the market and satisfy all the potential customers with your service or product.
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