recession_wealth
9 months ago
The Highs and Lows in an Entrepreneur's Journey
When you start, you have extremely high confidence. You know that you're going to change the world, that your project is unique, that you have the best idea in the world.
But eventually, the more you start learning about the problem you're solving, the less confident you get. This is where you basically end up in what we call the valley of despair. And this is, in my opinion, where most entrepreneurs fail, because the valley of despair is a long part where you have to learn about your target audience, you have to learn about the problems.
These can be regulations or pretty much any challenge that you're going to face.
But most entrepreneurs who have grit and resilience end up on the plateau of sustainability, which is where, essentially, your knowledge keeps growing. But at the same time, your confidence is extremely high. And you know that what you're doing is working.
This happens when you start getting traction or product-market fit.
0
comments
Follow creator
Signup With Google
