It really is all about attitude with respect to almost anything and certainly with respect to starting a business. The absolute key mental outlook that anyone and particularly someone transitioning from employee to entrepreneur must have is “All In”. Let me clarify a bit what that means ...
“All in” definitely is NOT about risking everything on a single roll of the dice ... far from it. “All in” is pragmatic risk taking. Be very deliberate and thoughtful when you start your business, what can you afford to lose and what you hold dear and would not risk. Understanding what sacrifices are you prepared to make; financially, personally, physically and be prepared to make them. There was recently a great post on StartupNorth regarding work life balance ... well worth a read.
All in is all about your commitment to the start-up and the proper allocation of time and resources to achieve success. “All in” is really more about being committed to the project to persist through the difficult times. If you don’t have that commitment it is too easy to walk away when things get tough ... and you can be reasonably certain there will be difficult times. Starting something is easy ... making it work can be really challenging ... you absolutely must have that “all in” outlook. People that are good at continuously starting new things are not necessarily the best at persevering through to success.
“All in” means having the desire to start the climb and persisting until reaching the top of the mountain or perish in the attempt.
My two favorite stories on “All in” mentality come from: - Napoleon Hill’s “Think and Grow Rich –Chapter 2 Desire – The Spur that drives to riches” and - Robert Herjavec’s book “Driven – Chapter 21 – When necessary burn the ships”.
“All in” means sometimes you have to “burn your boat” to succeed.
- Ian Graham