Lessons From Serial Entrepreneur Jonathan Pazienza on How to Overcome Challenges in Starting Your Venture
Many people start their businesses with high expectations of how they will be successful in no time, only to find out that making money in a business is much more difficult than they thought. 20% of small businesses fail within the first year of operation, while some business ideas never see the light of day. While this can be discouraging to many people, having the right attitude, hard work, and determination is what sets apart those that don’t make it from those that do succeed.
In this article, learn from Jonathan Pazienza, who has overcome fears and challenges to emerge a successful entrepreneur in property management and impact generation. Jonathan runs a podcast called the ‘The MFCEO Process Podcast’ that aims to solve the problems most new entrepreneurs tend to face when first starting their business. We will discuss how to move past the idea stage of the businesses and overcome challenges at this early stage. Why changing your mindset and continuous improvement is crucial for your business.
- You don’t have to have everything all figured out.
If there is one thing that makes great entrepreneurs fail is the failure to act. Having a plan is important, but it is not always easy to forecast everything that will happen in the future. Sometimes, leaping faith into action can propel you to do great things that you never knew you could do. When Jonathan and his colleague started The MFCEO Process Project, they were unsure how well it would do. They began with 10 listeners buy now the podcast has over 600 active listeners. They have achieved this milestone in less than six months. Jonathan advises entrepreneurs to act on their ideas by getting started immediately. Whether wrong or right, you will have a chance to learn and grow along the way, focus on moving towards your goals.
- Better yourself every-day
In the MFCEO podcast, Jonathan and his colleague Michael Olivieri share the hardships that they faced during the initial growth of the company and ways they overcame those hardships. The entrepreneurship journey is not easy, and there are many challenges along the way. You will get knocked down again and again, and you will have to get back up and push past the struggles to achieve your goals. Jonathan encourages entrepreneurs to do 1% better every day. He says, ‘it may not be much at first, but if you continue to work at it each day, it will pay off in the long-run.’ When you discover and start improving yourself daily, it’s like uncovering secrets to propel your business to excel.
- Have the right mindset.
When times get tough, it is vital to have someone support you and provide anchor and mentorship to put you back on track. There is no doubt that sometimes you will feel like giving up. As an entrepreneur, you have to be aware of these downtimes and take proper steps to overcome them. For Jonathan, his business partner Michael Olivieri, ‘has been his rock’ holding him in place whenever he tends to have negative thoughts about where his career. Secondly, as an entrepreneur, it is crucial to invest in self-development. You can do this by reading books, listening to helpful podcasts, or having a mentor to help you navigate through the journey. More importantly, keeping the focus on the end goal will help you to push through obstacles along the way.
- Be patient
Success does not happen overnight. Most of the time, you stand tested to the core. There are times that you will feel like giving up. The most important fact that you have to keep in mind is that you will eventually get it right. In his podcast, Jonathan occasionally features motivational episodes to keep him, and his listeners encouraged to continue pursuing their dreams.
The journey is not easy. Neither is entrepreneurship for the faint-hearted. To be successful, you have to work hard, be committed to providing nothing but the best for your clients while putting them first. Above all, you have to keep the right mindset by surrounding yourself with positive vibes and be patient and build yourself.