entrepreneurship

Until it’s done

Posted on April 20, 2019April 20, 2019 by Nirmal Thapa

The risk takers love the challenge. Sometimes the “challenge” is handed to them; other times they chase the challenge. While the risk takers are busy chasing the challenge/opportunity, the other 80% are looking to do what everyone else does.

I sincerely feel it’s rare that one achieves huge success on the first try. The risk takers accept whatever comes their way. It’s the way it is. Even if the first try is not a success, experience is the best teacher. They keep going. While others are getting comfortable in their daily lives, most of them slowly start to “admire”, “wish” or even feel “invigorated” when they talk to the risk takers. Risk taking is not everyone’s cup of tea. Anything great that has ever been achieved is mostly from the risk takers. At first, it’s seems all risky, challenging, and impossible to attain it until someone does it.

Root of innovation

Posted on September 6, 2018September 13, 2018 by Nirmal Thapa

Competition breeds innovation. It’s a survival thing. If you’re not innovating when the competition is coming at you, then you’re gone.

There are thousands of websites (around 140,000 per day) that pop up on the internet. However, our daily visits are on a particular few websites where we spend most of our times. Why is that? One reason is that those few websites offer what we need. They have got our attention, time and it’s where we’ll most likely to spend our hard earned money. That’s the same trend that follows for all the physical stores from the momo shops to the coffee shops out there.

It’s unlikely that your idea is the first ever in the market. Even if you have first mover advantage, someone or many will come chasing to take a share of your pie. That’s when you have to continue to get better, faster and do everything with care. Competition will help you innovate and you’ll thank it when you keep getting stronger.

Your First Sale

Posted on August 14, 2017 by Nirmal Thapa

Entrepreneurship is risky. You don’t know how your business model will do in the marketplace. You use the knowledge, skills and experiences to create the revenue model that you hope will bring revenue to your business. Yet the real test comes when you get out there in the real world.

You never know when your first sale is going to come. It could be a few days, weeks or even months. You’re anxious and optimistic. The wait sometimes is unbearable as your costs are adding up. But you know that you choose this path of entrepreneurship because you believed in yourself, your ideas and your vision.

The day comes. You have delivered on your promise to the customer. In fact, you have gone above and beyond to get this first sale. Congratulations. That sale (no matter how much you got paid) feels like a million bucks (unless you made million bucks which could make you feel like a billion bucks).Wow. You feel like you’re on top of the world. There’s no stopping you.

Embrace that feeling when you made your first sale. That “top of the world” feeling is priceless. Go ahead and be proud that you did it. Now focus on the tomorrow and keep making things happen.