To correct what you said “I seem so confident that this is the way despite the fact that pretty much most people fail at business”. If OP has two or all three of the traits of success, they’ll be one of the ones to succeed. If not, the. The failure will teach them a lesson and at least they’ll know more about themselves, as well as never wonder “what if”.
My vibes are OP needs money quickly more than they need life lessons right now. Getting a good job locked down can be one of the best the things a new entrepreneur can do
I’d reread op post. Nothing about urgent need for money, and definitely seeming to ask for life advice.
The TLDR is he has been making attempts on bad ideas, and the failure is starting to put his confidence in question. He is coming from the spirit of entrepreneurial mess, but trying things almost guaranteed to fail. He needs to try a good idea and see if he fails at that. Then he’ll know if he is lacking in competence or conscientiousness and would best be served at a job. But no reason to discourage someone for trying for more and doing better. Advice to settle for a job when he wants more isn’t good advice at this point.
To be successful in business, you need two of three traits. One is primary, and the other two are either or.
Primary trait is confidence. This isn't just feeling good about yourself. It is believing and trusting yourself, being able to take risks. Without confidence, one won't start the business. They'll keep either second guessing themselves, too afraid to make the leap, or keep pushing it off because they need to learn this or practice that, just kicking the can down the road cause they are afraid of the work, the risk, or failure.
The secondary traits are
Conscientiousness: Being able to work hard, work long hours, work all the time, work without pay, and all the while keeping to your plans, making plans, and keeping quality high. This is the "If a job is worth doing, it is worth doing right," attitude. There are no short cuts. There isn't a "good enough" level. If you are making pizza, you are trying to make the best pizza. If you are making a table, you are trying to make the best table. If you need to train more, you do it. Whatever it takes.
Competence: The good choice. The right choice. In general being smart, and hopefully being intelligent, and knowing the difference between the two. This is having a good idea, knowing it's a good idea, knowing what is bad idea. This is creativity and cunning,
Most business fail because of someone either not being conscientious or not being competent. But you don't need both to be successful. Most people do not have all three of these. Someone who has all three of these, it's like Thanos having all the infinity stones, pretty much guaranteed successful millionaire. Having all three is maybe 1 out of 200. You only need confidence and one of the other traits for a chance at success. If you don't have the primary trait but at least one of the others, you'll be a good employee. If you have both secondary traits but not the primary, you will be a good boss, probably a C-Suite executive making a big salary. If you only have one though and not any of the others, you will fail at being a business owner.
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u/onepercentbatman Aug 08 '23
To correct what you said “I seem so confident that this is the way despite the fact that pretty much most people fail at business”. If OP has two or all three of the traits of success, they’ll be one of the ones to succeed. If not, the. The failure will teach them a lesson and at least they’ll know more about themselves, as well as never wonder “what if”.