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Everybody Wants Success, But Many of Us are Too Timid to Reach for the Golden Ring
It takes a tremendous amount of intestinal fortitude to be an entrepreneur.
Of all the qualities that are necessary to be a successful business owner, none of them are more important than having the guts to actually run the business.
You can have all the business acumen in the world — money, education, desire, type A personality, and degrees that make you an expert — but, if you don’t have the guts it takes to make harsh, ruthless decisions, or the guts to take action before it is needed, you will not succeed.
When action is needed, procrastination is a business owner’s Achilles heel.
As an entrepreneur myself, more than once I hired the wrong person for my new position. Some of those wrong decisions were more costly than others.
How?
I procrastinated and waited way too long to fire the misfits. I kept delaying the firing by giving the employee the benefit of doubt. “Maybe I didn’t give them enough guidance, enough training, enough wages, or enough benefits to motivate them to do what I expected from them.”
