Here are four action steps that you can take right now to
make the journey less bumpy:
1. Develop a Personal Mission Statement
A challenging yet exciting thing about entrepreneurship is
that you are inundated with ideas and opportunities, but to be effective, you
need to choose the ones that work best with what you want out of your life.
Create a personal mission statement that will act as a decisive filter. For
example, my personal mission statement is "to become a tycoon politically,
socially, and economically so that I may have a positive impact on my
community." When developing your own, you must ask yourself two questions:
What core things are most important to you? Why are those things important?
Your answers will help you figure out how to accomplish your goals. Remember
that your personal mission statement is not set in stone, so tweak it
accordingly as your life's priorities change.
2. Reduce Your Expenses
One of the main reasons many people don't start businesses
is because they're afraid of losing their home, car, ability to provide for
their families, etc. But the ultimate goal is to generate big wins while
reducing your expenses.
A solution to this is to cut your expenses down to the
necessities. You don't need to make your life miserable, but simply review your
expenses and find affordable alternatives—starting with the most expensive
item. Do you really need to pay $1000 per month in rent, or can you share an
apartment with a friend to save money?
