If you missed the first part, you can find it here. (For part 1, my thesis was that not everybody should be entrepreneurs).
Today, I will share two ideas that can help you succeed if you insist on toeing the path of entrepreneurship:
1. Hire yourself: You can do this in two ways:
A. Prepare a Job Description for yourself and make sure you qualify. Your JD should match the skill required to take your company where you want it to go. If you don’t yet measure up, set a personal development work-plan within a given time-frame to raise your game. Do regular appraisals. Set performance bonuses. Be diligent and disciplined about it.
B. Note down all of the things you normally do. The routine stuff like filing admin documents, attending some kind of meetings, replying some kind of mails; those things that do not demand much effort from you in the form of emotional labour, put them together and get someone who can do them to replace you. Hire your “present self” – your present level of competence. (Always try not to do whatever you can delegate). When you have done this, you will be left with no option than to focus on formulating better strategies and insights and finding out new ways to give forward motion to your business.
2. Hire a boss: yes, hire a boss. There are many ways to do this today. One way is to hire someone you can work for – get an investor, a mentor, an advisor, put together a board. People you can report to and who will make a big demand on you to produce more results. They will give you deadlines that will push you to not be complacent and to keep giving the best you possibly can. In this way, you will have invented your own pressure. That’s why athletes engage the services of coaches so they can attain peak performance. It doesn’t really matter if it looks like you are going to give some of your freedom away, no. This tradeoff will keep you on your toes and help you to stay productive.
Again, if you want to succeed in entrepreneurship, these two tips might help: hire yourself and/or hire a boss!