Most of us have understood that business and entrepreneurship are different , business is a part of entrepreneurship , to explain more precisely, to build a sustainable business it is not just money that will help you, it is the entrepreneurial skills which will help you across the journey.
Entrepreneurship in Nepal has still its own story , starting up a business is still a taboo across the minds of the society , not many parents would want their child to start on their own , They are OK with their child getting an “academic degree” and working for an irrelevant job having no trace with the degree acquired.
I tried researching on this particular aspect and found that most parents want their child to be successful but in a much secured way, eventually they don’t want you to “suffer” but they forget that the comfort of today turns out misery tomorrow. Not letting your child come out of his/her comfort zone will definitely hurt them later. But if somebody decides to become an entrepreneur at a young age of 20-22-24, if you decide to take that path, it is pretty much filled with much more hardship compared to your comfort zone. But the first rule in entrepreneurship is “There is no rule, it is supposed to be difficult, and that’s the beauty of it”. I dropped out from engineering and then from BBA and pretty much convinced my parents to take this path and about 2 years filled with mostly failures I articulated lot of lessons throughout the journey until now!
WHERE DO I START?
Should I validate my idea first, should I ask my friends? Should I raise capital first? How do I incorporate my venture? Where do I find a designer to make a logo? Co-founder? Business card maybe?
There are many aspects to look into when starting up , what I learned was as there are no rules, you can just get started the way you want , keeping the business model and customers in mind.
We shouldn’t lose faith. As Robin Sharma says “Start, start from where you are, but make sure you start”!
You know you are a startup entrepreneur when you stalk fellow entrepreneurs, mentors just the way you stalked all the girls in school. I remember adding up someone(entrepreneur) on Facebook , the gentleman messaged me back “ Who are you , why should I add you” , I was so afraid and felt ashamed but I replied back I am a young aspiring entrepreneur and so and so , he didn’t reply back , I canceled the request.
Lesson learned – Why would anybody be interested in you until and unless you give them a reason to be interested , try to know about their interest , what value you can provide to them, don’t be discouraged because a lot of them will support you , they will definitely!! There are some amazing entrepreneurs genuinely ready to help you if you take yourself seriously. After all, the people you are looking for are also looking for you.
That awesome moment when you attend an event and you get to see some well-established entrepreneurs speaking, sharing their insights. You feel great but talking to them is just as difficult. I remember asking question to Mr Shekhar Golcha once, his answer was so soothing, boosted my confidence. I use to return back home and share my experience with my mom and tell her happily about people I met in the event.
Lesson learned – Communicating with them helped me learn about the importance of self- awareness and calmness they had. If you can’t share your story, then who else will?
WHAT IF PEOPLE LAUGH AT YOU?
Most my friends supported me while starting up, a lot of them actually (grateful) but I remember getting messages from fake accounts with total negativity, I never responded back to them. My parents themselves would laugh at me at times by calling me by the name of my startup, I use to feel real weird those days. I used to feel shy if anybody would ask the name of my venture. Many of the people I met would not understand what I was doing.
Lesson learned – The only way to be taken up seriously is by taking yourself seriously, never underestimate yourself, each and everything gave me a lesson for life. To take yourself seriously is to spend time with yourself on things that matter to you.
Technology has made it possible for us to sit back here and learn from people across the globe.
Blogs, articles, research, I follow tons of entrepreneurs, their lifestyle, and their learning. Reading a book helps you get information regarding everything you want to know. Books contain data with soul, you can just learn anything you want if you have the will.
THERE SO MUCH Problem OPPORTUNITY IN NEPAL!
The level of frustration among people nowadays is soaring high , too much of blame game around , until now I have learned that entrepreneurs never blame anybody except themselves , they see good in every bad , a special “perception” they have looking at things.
Earthquake then economic blockade with constant political instability. Number of young people want to leave this country because there isn’t much opportunity? The problem is that of young people not looking at this as an opportunity.
Lesson Learned – Your perception is your reality! Do you feel bad for Dharahara or you want to build one? The answer lies within our choice.
I was having too much ideas and too much distraction within my mind which made me stagnant and more afraid. After failing and getting no results earlier I realized the importance of execution. Out of everything learned until now, this was the most important lesson that I learned within 2 years. You are not going to be what you are going to say, or what you think, you are what you will do and execution triumphs every other thing.
As Tony Robbins says “Most people don’t have the guts to make tough decisions because they want to make the right decision so they make no decision and that is a decision.” The most lethal and the most important skill of an entrepreneur is EXECUTION, the ability to take things from idea to reality and scalability.
I lost money when I invested in something which did not give me return, the problem was I lacked patience and proper judgment. I was scared to death at that time. Another important skill which is difficult for young entrepreneurs to learn is managing money, at an age when it is difficult to even manage your pocket money, how will you manage finances.
Lesson learned – you can only be responsible for a million if you can take care of a penny.
To obtain money we need to understand money. Write down every single expense, don’t over spend on unnecessary things, and be very very serious with money. Every mistake you make , keep a track of it , make a tattoo of it if you want in your body but never forget them , keep it with you for your journey ahead. What you don’t know will motivate you to learn what you have to know. Persistence!
WHAT IF I AM BROKE?
Startup Entrepreneurs can relate to this, there is a strange connection between being broke and being an entrepreneur.
Lesson Learned – Find a co-founder, Find a customer, and Find someone with money, Find god if you can, go to temple but whatever it takes don’t give up. Build it on sweat equity. Become superhuman, do everything on your own. CEO means – COME EARLY TO OFFICE that’s it!
Written By Bilal