The 5 Biggest Contradictions in Entrepreneurship

Life is all about balance. The yin and the yang. So in this article I’m going to talk about the top 5 biggest contradictions in entrepreneurship.  


1. Surround yourself with winners, but don’t compare yourself to them.

Part One: Your circle of influence is one of the things I am most passionate about (read my article on it here). Surrounding yourself with winners is SO important because it influences you more than you know. It can slingshot you to new heights, and by hanging around successful people makes YOU more successful. “Your network determines your net worth”.

Part Two:  You can’t compare yourself to anybody else, so don’t be disheartened by people more successful than you. Don’t ever feel like you’re inadequate or ‘behind’. Be the best YOU that YOU can be. Everybody is unique. Compete with yourself, not others.

Success is not measured by what you do compared to what others do, it is measured by what you do with the ability God gave you
— Zig Ziglar

2. Put yourself first, but nurture meaningful relationships.

Part One: In life and in business, you need to take care of yourself first. Don’t worry about the ‘noise’, what other people are doing or what they think of you. The most important person you need to consider, take care off and compete with is YOU. 

Part Two: NEVER forget your family and those closest to you. Entrepreneurship can be exciting, but success can also come and go, and it can be very lonely. You need to always appreciate those people that create your foundation. Your family, best friends and mentors will be the one to lift you up when you’re down, and help you when nobody else will. Never forget them.

3. Take risks but don’t throw everything out the window.

Part One: Starting your own business, stepping away from the ‘norm’, potentially leaving a ‘safe’ job is a big risk. I think it’s a risk that you should absolutely take if you are doing something that you are not happy about. If you are in a boring corporate job that you hate, and you want to follow your passion, absolutely go for it, BUT!

Part Two: Out of a surge of motivation and a powerful resentment for your boss, don’t just kick over your desk and leave. You can still start a business after hours. If you work 9am - 5pm, you’ve got 6pm - 2am to work. That’s a lot of time. If you want it badly enough. 

If you have people to support, they come first and I don’t want you to leave your job just yet. Put in the extra hours, and set yourself up so you can leave that job you hate but not be completely screwed. Otherwise you’ll only survive for a few weeks. Start prepping and be patient. You may just find out that you can do both for a while, making good money but ALSO doing what you love outside of work.

4. Have big goals but be be realistic.

Part One: Despite Donald Trump’s……questionable actions lately, I love his quote “if you’re going to be thinking anyway, you may as well think big”. Seriously, DREAM BIG! You can do almost ANYTHING you want to do in life if you have the determination and patience. Have big goals, write them down, look at them every day. It will keep you driven, and the best thing about having big goals is that it holds you accountable. You can ask yourself ‘Am I living up to my own words by doing what I am doing right now?. That will motivate you to keep pushing. I want to have a minimum of 200 million dollars and be an investor - I better get to work!

Part Two: Be realistic. If the only thing standing between you and your goal is hard work and strategy, you can do it. But if it's physically impossible, try something else. Even if I loved NFL more than anything else in the world, even if I trained every single day and wanted it more than everything, I could never be in the Patriots and compete against people like Tom Brady. This doesn’t mean you have to give up on your passion. Perhaps I could become a famous commentator, or the best video blogger about the Patriots. That’s more realistic. Think about what you can pull off, and go for it!

5. Understand it’s barely possible, but…

Last but not least…

Part One: Like I said, dream big. Dream as big as you can. Although it’s easier to dream than to actually do it. When you look at the success rate of startups, and the amount of people that make it out of the ‘rat race’ and create massive wealth and financial freedom, travel the world, retire their parents and have the freedom to do anything they want as much as they want — it’s pretty low. It’s hard. It’s really hard. You will work your ass off for a stupid amount of hours and make sacrifices and even then you might not make it. But you know what?

Part Two: Do it anyway.

Seriously just go for it. It is honestly a "which pill do you want to take". Do you want to take the blue pill, ignore this article, pretend entrepreneurship never existed and go back to a boring, safe, NORMAL (ugh that is like a swear word to me) life? Or do you take the red pill, following your passion, taking risks, a journey packed full of excitement, stress, opportunity, frustration, freedom and happiness. Once you go down the entrepreneurial path you will never be able to go back. You will realise that following your passion is the only thing you want to do for the rest of your life.

I know which way I'm going. Do you?

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MITCH HILLS

(Twitter @mitchills)


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