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09/10/2010

Entrepreneurial Confidence [Self Insight]

Confidence as an entrepreneur is a funny thing. In a conversation with an executive coach, I mentioned how, at times, I just don't know if what I'm doing is the right way to do it or not. I didn't get an MBA, I've never worked for anyone else beyond waitering/bartending in school, and business owners just don't get the same type of daily feedback that employees get. So I've had to make up many of my own processes to accomplish goals.

For example, after I establish a goal, my process to completion works like this...

  1. Run through my past experiences to see if anything helps. 
  2. Research the topic on the web. 
  3. Have a go at it.
  4. Either report it to the team or go live with it.
  5. Celebrate in success or assess the feedback and re-adjust.

Sounds like a nice process right? It might be, but that's the point. No one ever told me to do it this way or that way. It works for me, so that is a good thing, but maybe there is another way that is 10x better that I don't know about. 

I'd like a mentor who's "been there, done that," but the problem is, the higher up in the success pyramid I go, the harder it is to find and lock in time with mentors who are ahead of me...without paying for one.

Most of the work I do on a daily basis is without someone saying it's correct, or incorrect. The entrepreneurial gut comes into play here. I'll try to reach the best "minimum viable product" within the given time frame so I can market test to peers or customers. In watching successful people around me who are in a similar role, I realize they also don't know if what they are doing is right or wrong, but the difference is, they are confident in making the decision.

It's draining though, to keep hiking in the dark producing my own light. Often I wonder what it would be like to just run a parking lot business. What do you do? We rent space for cars to park. Duh.

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