We all encounter and seek challenges all the time as athletes, executives, entrepreneurs, students, employees or any other domain we choose. Whether or not we succeed, as we want, at whatever we do is determined by the decisions we make, luck and the effort we put into it.
This is a post I’m writing for my friend Jesus, who’s taking on a leadership challenge…
To thrive in chaos and adapt to change requires the mental preparedness to modify one’s thoughts at a moment’s notice. As an entrepreneur, I’m well adapted to chaos. I actually want it. Most people don’t. They love that they have a routine and structured day. Any chaos drives them crazy. It drains their energy. But life is chaotic. So how do you deal with chaos?
There are many businesses that start out filling a need for a specific type of customer. Sometimes this leads to the creation of a new industry or segment that was ignored or unserved by incumbents.
If the business does everything right, they will be the leader for that new category, segment or industry. The problem arises when that leader stops paying attention to what started it all: the customer.
Having been part of a handful of startups and running a few of my own, I can tell you it’s not for everyone. Most startups fail, for many reasons, and when they do succeed it’s mostly determined by one factor: timing.
I recently had a chat with a group of entrepreneurs and one question I got asked was about differentiating persistence and stubbornness. This is an important question, here I share my response…
Innovation is messy, it just doesn’t happen in a straight line. The entrepreneurs, innovators, anybody who achieves great outcomes, have many traits in common which help them push through the ups and downs: stubbornness and persistence.