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  • Essay / Important Lessons to Learn to Become a Successful Entrepreneur

    Nowadays, due to the social media we follow almost every day and the pages we like, share and read while surfing the internet, many quotes will appear and will flash. before our eyes to make us think about many issues happening around the world. One of the top trending topics we usually come across is “Entrepreneurship”. One way or another, quotes affect us in our subconscious and make us think differently from time to time. For me, having the courage to leave the great job I had and start my MBA at IE was reading Helen Keller's quote: “Safety is above all a superstition. Life is either a daring adventure or nothing.” Whether or not we want to land a job after our MBA, at the end of the day, everyone wants to start their own business and become a successful entrepreneur. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original EssayThe metrics of a successful entrepreneur that I had in mind are related to financial satisfaction in life. However, reading the book enlightens me on an aspect that we sometimes forget, namely enjoying the journey while pursuing your dreams and trying to earn money. Money is a great measure of success, but investing your time with people is much more appealing. As Randy said, “Of course business was about money. That's what makes it a deal. But above all, to succeed, a business depends on people. It took me a while to learn this lesson.” In reference to my experience, I had a project manager who told me one day: “leading a team is like an orchestra maestro, he must unite the performers, set the tempo and create harmony. ". Which responds to the concept “leadership is an art”. The author firmly explores the benefits of delegating tasks to other people to help the business grow. The author also advises entrepreneurs to give people the freedom to do what needs to be done for the business. This way, they will feel more encouraged to exceed their own expectations and will be more inspired to improve and work together in harmony. Lenny is that entrepreneur eager to launch his business into the market. He sure has amazing ideas about what he wants his business to be, but I guess he didn't have the skills to become an entrepreneur. It was evident that Lenny was certain about his business approach and business proposition, but he was missing the basics of the first business idea. Lenny had the mentality of any unskilled entrepreneur striving to achieve his company's financial goals. About the idea he presented to Randy and that he wants to achieve everything without the support of others. Apparently he thinks he shouldn't rely on anyone and should control everything in his business. Which is a false impression and brings us back to the original idea that he should enjoy the journey to job satisfaction. He presented an ambitious plan to Randy. While Randy is ready to help him. Indeed, he believes that as an established entrepreneur, it is essential to pass on his experience to other people who want to become entrepreneurs. Randy listened to Lenny because he wanted him to talk out loud about the potential monetary rewards and later focus on the satisfaction. In addition, Randy provided a lot of direction, contacts and leadership to entrepreneurs in need of experience like Lenny. Randy enjoys helping potential entrepreneurs throughoutalong the first phase of business development, then become an advisor. Randy's main advice to Lenny was that a leader with lots of ideas but no vision or passion would lead the company to ruin. The opportunity for Lenny was incredible as it offers him the opportunity to engage in activities that will bring him satisfaction. He has been exposed to an opportunity that will promise him not only financial rewards, but also job satisfaction. This also offers Lenny a great chance to get involved in a business venture for the right reasons. By seeking help from people advanced in entrepreneurship, Lenny learned a lot of information about other aspects of business. Randy gave Lenny advice focused on the characteristics of CEOs during different phases of establishment. Which helped Lenny understand the difference between being a good manager or a good leader. As it is known and quoted in many places, “If management is a science, leadership is an art”. It is worth noting that management and leadership are cumulative since both skills are a prerequisite for anyone wishing to start a business of any kind. Lenny was fortunate to learn that the essence of entrepreneurship is that the entrepreneur must enjoy all stages of life. It is very important not to prevent workers from achieving satisfaction at all levels. As an entrepreneur, it is essential to embark on an irrational and passionate journey with people who are ready to face any difficulties. By sharing his ideas with other experienced people, an entrepreneur will be able to enhance his initial objectives. The author mentioned two concepts: “The deferred life project” and “The complete life project”. The first divides life into two distinct parts: “Do what you have to do to do what you want to do.” While the second concept comes to life as a single piece. The whole life plan suggests that it is essential to work hard and invest in the most important asset “time” we have to bring fulfillment and happiness. Technically, I think the two plans are aligned. Indeed, to be able to work hard and with passion, you must do what you have to do in order to do what you want to do. This is similar to a concept given to us by our PMP instructor: “You have to plan the plan before you plan the plan.” Therefore, we can say that the deferred life plan is like a plan to plan our complete life project. Even the author started with a deferred life plan before arriving at the life plan. Among the millions of things we do every day that don't satisfy us, we might find one thing that really excites us. For me, my childhood dream and passion was to become a pilot in the Lebanese Air Force like my father. But as I grew up, I discovered how difficult it is to be financially satisfied by joining the military. This is why I started my deferred life project and chose to become an engineer, which led me to my first professional experience in Saudi Arabia as a mechanical engineer on a huge project where I met many challenges that enlightened my view on management in 2015 and then, when I decided to do my MBA, I began a new journey by reorienting my career, knowing what my life project would be. Being a successful entrepreneur, even if he is a leader and works with passion. There is also another aspect that an entrepreneur should have. The desire to fly solo and think outside the box and above all to know how to defend your ideas in front of people. Indeed, people hate changes and discussing a new idea with”.