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5 Business Lessons I Learned From Launching 5 Businesses

 

In the last 4 years, I’ve launched 5 different business. Some of these businesses have been massive failures while others have actually been successful.

 

 

The one thing that I can say about all of these businesses is that I learned a lot. When I first got into entrepreneurship, I was only 17 years old. I didn’t have a degree or any experience in what it took to a run business.

 

 

Coming from there to where I am at today, I can say that I’ve grown a lot as an entrepreneur. In this blog post, I’m going to share the 5 business lessons I learned from launching 5 businesses:

 

 

1. Solve Real Problems

 

One business that really failed was Vintelli. The reason why was that we weren’t really solving a problem. Nobody had told us it was a problem, instead we went out seeking a solution for a problem that we created ourselves.

 

 

As you can imagine, it become a nightmare. We made money, got customers and had sales, but the truth of the matter was that we weren’t solving a real problem. As a business, your job is to create value. The more value you create, the more successful your company will be.

 

 

2. Just Get Started

 

I like to say that impatience is a virtue for me. Thanks to my impatience, I’ve been able to come as far as I have in 4 years. If you think about it, 4 years isn’t really a lot. After 4 years in college, you barely get a bachelors degree in a specific field.

 

 

If I would have waited to get a degree or more money in my bank account, I wouldn’t have come as far as I am today. When you build your own company, you don’t need all the right answers. You just need to be willing to go out and find them at all costs. Get started as soon as you can.

 

 

3. Focus On The Team

 

Out of my successful and unsuccessful businesses, team has played a crucial part in each of them. The companies that failed didn’t always have the best teams. In the meantime, the companies that have succeeded have had exceptional teams.

 

 

If you can’t put together a team of passionate individuals who believe in a common goal, it’s going to be a struggle to succeed. Many people don’t focus on building a team or bringing on partners, but it is crucial if you wish to be successful as an entrepreneur.

 

 

4. Ignore The Naysayers

 

When I started out as an entrepreneur, people always told me that I was too young or that my ideas were too big. I ignored all of them and it has taken me this far in life already. As long as you are passionate about solving a problem, you don’t need to worry about much else.

 

 

Develop the vision and keep plugging away at your ideas. Starting a company is never an easy journey. If it was easy, everyone would be successful. Show people what you can do and ignore the negativity that you will hear along the way.

 

 

5. If At First You Don’t Succeed, Try Again

 

5 business in 4 years is quite a feat on its own. The one lesson you can clearly see is that I don’t believe in giving up regardless of what happens. I may have had failures along the way, but I’ve always embraced the experience and came back stronger each time.

 

 

If at first you don’t succeed, gather your lessons and try again. For me, I knew I wanted to be an entrepreneur ever since I started my first business. The question for me was finding a business that not only works, but makes me extremely happy.

 

 

Conclusion

 

In this post, I shared the 5 business lessons I learned from launching 5 businesses. What are some business lessons you’ve learned in your journey?

 

 

photo credit: paul bica via photopin cc

 

 

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