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Four Traps that Catch Entrepreneurs Claudette Rowley Copyright 2003
"A problem cannot be solved on
same level that it was created." - Albert Einstein
Trap #1: I am my business.
Truth: Who you are is so much bigger than your business. Your business is simply one expression of you. You as a person are complex and multi-faceted, and in
best of situations, your business doesn't define you, you define it. Just as it's unhealthy to let a relationship define all of who you are, so is it unwise to allow your business to completely define you.
A common subset of this trap is: "If my business fails, I'm a failure." When discussing this topic with clients, I often hear two responses to business success and failure. When an entrepreneur fails, she or he often falls right into self-blame. And when an entrepreneur succeeds - "I just got lucky" is a common response.
Trap #2: If it's worth doing, it must be hard.
Truth: This is a consistent message in our culture. If something is worth doing, we think it must involve incredibly hard work. When I coach entrepreneurs, I often ask
question "How could this be easy?" The notion that hard work equals worth is so embedded in us, that we sometimes feel uncomfortable when a great opportunity drops in our lap or new venture comes together seamlessly. Yes, as entrepreneurs, we work hard when we need to. However, hard work does not have to include
notion that struggling, suffering and working 80 hours per week makes us better entrepreneurs or more virtuous people. As much as possible, let it be easy. Accept great opportunities, and let people help you.
Trap #3: My success is measured in profits.
Truth: Expand your definition of success. What does success actually mean to you? Success is measured in many different ways, profit being only one of them. Are you making a social contribution? Are you creating an innovative product? What is your vision and are your realizing it? Do you have autonomy and control over your own time? Success is relative and a matter of perception. One person's success is anothers failure. How high is your bar? Some entrepreneurs set
bar so high for themselves that they can never "succeed" in their own minds. They can't win - kind of like a dog chasing its tail.