The definition of Entrepreneurial Courage

The definition of Entrepreneurial Courage

Many people think that courage is not being afraid. I'm here to tell you, after our years of experience, that this is absolutely not true. Read on for the truth about entrepreneurial courage.

I've had my share of courageous moments in his life. I spent 18 years of my life in the Royal Australian Navy. I was deployed to the Middle East and was with troops on the ground in Indonesia when the tsunami hit. I always tell the team that courage was talked about a lot in the military, but when I tried putting that notion of courage into a business context… there were a few key things that were just that little bit different. Today, I want to share with you the three major components we’ve found of entrepreneurial courage.

Commitment

When it comes to entrepreneurial courage, you’ve got to be 100% committed. This means committed to your whole journey and especially to your team. If you only offer half-assed belief in your team, they’re going to do a half-ass job for you. If you’re not fully committed to your own product and service, and to the belief that it can deliver what it says it can… then you’re in the wrong career. To be an entrepreneur, you’ve got to be all in. If you’re not all in, then it’s going to be a really tough journey to success for you.

Doubt

Yep, you read that right! While doubt isn’t anyone’s favourite feeling, it’s an unavoidable part of being an entrepreneur, so you may as well get used to it! It’s sort of like being a parent. You’ve got plans for your child. You’ve got visions and you’ve got a good idea of the path you want their life to take, but no one ever really knows what’s going to happen. It’s the same in business. Especially with the way society and technology is changing and advancing so rapidly, we don’t know what the world is going to look like in the next two or four years. You’ve got to get comfortable with the knowledge that we can’t know all the answers. And that that’s okay! We want you to get comfortable living with the doubt and moving forward anyway.

Action!

You’ve internalised the first two lessons. You’re committed, and you’ve made peace with the doubt. The next step is to take action. And we mean massive action. We don’t want you to be a sprinkler or a scatter gun, we want you to be a fire hose! We want focused, single action that is zeroed in on what the next step towards success looks like for you.

That’s it. Those are the three things that are absolutely critical to have entrepreneurial courage. Now it can be lonely reaching this stage. In the military, they call it the loneliness of command. You often can’t talk to your team and tell them all the issues that are going on. You can’t talk to your family, because if they don’t have a business, they just won’t get it. So who can you talk to? Other entrepreneurs! This is where you need to build your network of other entrepreneurs, mentors and guides that you can bounce your ideas off.


This is where we can really help you. Schedule a complimentary 15-minute call today to speak with one of our coaches (i.e. not a salesperson) so we can share how we can help keep you on track to reaching your goals. Click on the link below to schedule your call now. https://www.abundance.global/book-your-call/

Chris Kondou

Virtual CFO | Helping business grow their cash & profits

3 年

Spot on Dr David Dugan especially about taking action. You can want it and think it all day long , until the cows come home but action makes the difference ??

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Dax Stanley

Bali & Australian Property Investor | Client Onboarding Specialist at Property Principles Buyers Agency | Making Property Investing Happen For Busy Professionals

3 年

Really enjoyed this! Thanks for sharing.

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?? James Moore

CEO ?? Helping professional services businesses grow via high quality referral clients ?? $260M+ in Sales Generated

3 年

Great article David and you are right with the order of this article - it all starts with commitment! I've personally found coaching to be the biggest game changer for me in the last 6 months. I would recommend it to any entrepreneur who is striving to take things to the next level.

Simon Bowen

Leading the Renaissance of Thinking | Founder of The Models Method | Speaker, Advisor & Author | Host of "The Wisdom Of..." Podcast

3 年

Thank you for sharing another insightful article David. Facing fear courageously is something every entrepreneur needs to be reminded of at times.

Jeremy Streten

Award-winning Lawyer | Resumption and Property Law Specialist | Keynote Speaker | Business Coach | Our clients achieve two outcomes ? a great understanding of their rights & what they can achieve ? great customer service

3 年

Always appreciate your insights, David. Great article with a lot of value. Recommending everyone to book that call and make the magic happen.

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