Your determination is part of what defines you as an entrepreneur. You are invested in your business and in specific ideas and opportunities to a greater degree than any regular employee could be. That’s great: it means you get things done. But is there ever a point where a small business owner needs to step away and say, ‘that’s enough of that’?
Researchers believe the answer is Yes. Fixating upon a particular opportunity can be detrimental to your health – and your business ethics. You want your business to capitalize on opportunities when they come up, but how far are you willing to go when your company name is on the line?
Or it could be your business as a whole. Are you still running the firm you established after you graduated? If it hasn’t become the success you want it to be, it’s worth taking a breath and asking yourself whether your singular determination to make your first effort a success is blinding you to other opportunities.
Researchers found that Stanford business graduates were far more likely to end up in senior management positions if they worked five or more different jobs in the years immediately after graduating. As an entrepreneur, you might benefit from running two or three different businesses before setting out on your legacy project.
Nobody wants to be a quitter – but this new infographic from our friends at NetCredit outlines some pretty good reasons why it is worth re-evaluating your goals from time to time, if you want to maximize your chances at success, health, and fulfilment.