Building your own business seems like a dream for many people— you get to work on your own terms, with the people you want to work with. Reading about business success stories allow hopefuls to imagine life if or when they become successful as well, just like Leonardo Gonzalez Dellan, a renowned trade expert and businessman.
Learning for one’s mistake
One part of building one’s own business is committing mistakes. Of course, the process of landing a successful business is a long one, peppered with highs and lows. One key element that business owners should have is the ability to turn mistakes into opportunities. There would be a lot of mistakes especially for those who are just starting out, but that shouldn’t discourage them from trying again. Admit the mistake, identify ways to fix it, and learn how to not make the same mistake again.
However, the mere commitment of mistake is not a guarantee that the business would succeed. You need to make sure that you fail forward. That is, your mistakes could help you go forward and develop the business, instead of holding you back. For example, Leonardo Gonzalez Dellan became the youngest president of Banco Industrial de Venezuela, and his experience in the field has given him the courage to try out real estate, restaurant owning, entrepreneurship, and other ventures to improve himself. Now he is known in Venezuela as a successful person.
Being your own boss has its perks—you don’t have to work from nine to five like an office employee, you get to plan vacations without worrying whether your boss would let you go on leave or not, and many more advantages. However, it also takes a lot of courage to go beyond what an employee does and take on bigger responsibilities. A business owner may have the power to make the big decisions in the company but he also has to bear its consequences. As someone starting out in this venture, it is important to have the courage to face the uncertainties that businesses have, fail forward, and resolve to do better and keep on improving the business over time.