As an online entrepreneur you will encounter all sorts of people online including scammers, lazy freelancers, unreliable contractors and what not. And you will run into setbacks eventually. Here’s how to deal with it.
As a beginner life is tough. You don’t know who to trust and you’re getting wrong input from all sorts of people. Don’t listen to those without experience and treat any business deal with caution. You’re new, you don’t know how this works yet, it is better to ask some dumb questions first than lose money and time. Good lessons will cost you, but with a little planning you can make sure they don’t sink your ship while you’re in the middle of the ocean trying to reach that beautiful island you’ve heard of.
Tip 1: Read Between The Lines, Ignore People You Don’t Consider Trustworthy
You need to develop a deep understanding of how people work to succeed as an entrepreneur, especially in the online world where you can’t read people’s faces. When making online deals, read between the lines. Use your common sense. When someone is offering you a deal that sounds too good to be true, it most likely is. Reviews can be misleading. If someone is offering you a service at a steep discount, ask for a sample first and always do your homework. There are some shady people out there, who will do anything to get your business and tell you just what you want to hear. When hiring for a full-time position or someone you will work with for 6 months or more, it is a good idea to hire a few people at once and let them do a few simple tasks first. Weed out those who are simply not doing a good job.
Tip 2: A few words on outsourcing and hiring:
After a few years, you can spot scammers and unprofessional freelancers from 10 miles away, but to get there you will most likely have to make a few bad experiences yourself. If you’re outsourcing, you will quickly figure out what countries are particularly good at a job. For example, programmers are exceptionally cheap and well-educated in East Europe (Poland, Romania, etc.). I have dealt with programmers from Romania and Poland before and they are always top-notch and very reliable. Also, programmers from Estonia and surrounding areas are great to work with and often very funny as well. You’ll notice that they love what they’re doing and are really in it to do a good job and will often go to great lengths to meet your expectations. They understand that a repeat customers is better than a one-time customers. Programmers from Pakistan are easy to work with as well. Of course, I am not encouraging stereotype-hiring, make your own experiences and figure out what kind of people you want to work with.
Tip 3: Ignore What People Around You Are Saying When Starting Out
When you’re just starting out, possibly from scratch, ignore what people around you have to say to a great extent. Believe in yourself. Most of your family members may support you on the outside, but want to protect you from doing risky moves and may talk you out of something that may actually be beneficial. Dropping out of a job to pursue your own thing? Unthinkable for most. But that is exactly what it takes when you see an opportunity, but your friends and family may not see it. However, if there’s any advise on why something may not work out and you actually find it plausible, start pivoting. It is a good idea to start something part-time first and if it gains traction you can still quit your job to fully focus on it.
Bold moves can be rewarded handsomely and if it doesn’t work out, you can always go back and find another job until the time is right again to purse your own thing. Employers love people with initiative. I am now an employer myself (mostly hiring part-time) and when I see people who took career risks to pursue their own thing compared to someone who just graduated from some university, I know who I would pick any day. Those people think outside the box and will help me more than those beginners with a little bit more theoretical knowledge but no actual hands-on experience.
Tip 4: Ignore The Nay-sayers
There will be people doubting you. A lot of them. Most people have no idea what it takes to build something up from the ground. They are the ones that will be stuck in their boring 9 to 5 jobs for their entire live, they will never attempt to do anything great with their lives. Sure, some people want a simple life and that is fine, but it’s not for us – we’re free entrepreneurial spirits who will go to great lengths to build stuff. We are the ones who change the world, not them. Nay-sayers are close-minded, ignorant people with no foresight and no vision. Ignore them. Believe in your original vision and hang in there – it’s not easy, but you will get there. Negative voices are a distraction. Simply do whatever it is you want to do, work hard and cast away doubts.
Tip 5: Keep Motivating Yourself
Sometimes when you’re building something you can feel down. Depression is not rare amongst founders and builders, it’s the norm. Setbacks will come and you need to be ready for them.
Swinging for the fences comes at a price, so prepare yourself and figure out a way to motivate yourself. Reading motivational blogs and something that inspires you will most certainly help. Ask yourself, why you are failing and how to overcome the obstacles.
Sites like http://impossiblehq.com/ by Joel Runyon can help you achieve the impossible.
Good luck fellow founders.