Altcoins Talks - Cryptocurrency Forum

Further Discussions => Entrepreneurship , Business & Online Work Forum => Topic started by: cryptochris1 on January 15, 2019, 01:50:35 AM

Title: Importance of Persistence in being an Entrepreneur
Post by: cryptochris1 on January 15, 2019, 01:50:35 AM
I wrote a whole thing on this that dissapeared when I hit post so I'll try again lol. I wanted to share an experience I had with starting a home based business 3 years ago, it was called The Hideaway Ramona. A tiny house bed and breakfast. I have a 6 acre property where I live so I arranged a deal with 5 tiny house owners to park their unit here, I would do all the work associated with renting them out nightly on Airbnb and we would split the money 50/50. Passive income for them, a side job for me. 3 of the houses came to me unfinished, so I remodeled them to completion on nights and weekends for the owners. Which was kind of enjoyable besides being a lot of work. So when they were finished, we listed them and travelers and tiny house enthusiasts came. We started making between $6-800 per week, all I had to do was change the sheets, clean the unit, dump the composting toilet and get it ready for the next group. I'd invested a few thousand dollars into running electricity and water for the hookups, and furnishing the houses with all the necessary stuff. TV's, kitchen appliances, couches etc. Everything went according to plan, we started gathering momentum and had great reviews. Things were looking good, I started building my own tiny house. Had plans of replacing the units with my own houses now that I knew it would work.
Well...it was short lived. 7 months into it one of my neighbors filed a complaint with the county. The county worker came onto my property when we weren't home and took all the pictures he needed to shut us down. The county wanted us to pay for a major use permit. $14k to start the permit process, non-refundable of course, and could cost as much as $300k by the time it was finished. So we had to close up shop. There was no way we could afford that, the thing wasn't bringing in that kind of money.
All that work for nothing, depression set in. It was a real kick in the *****. Felt like an idiot, literally lost quite a bit of money. Didn't even consider trying to start anything for about a year.
Then the idea for business number 3 came up, create a Farm Table Rental business for weddings and events. My wife and I went over the idea for a while and then we went for it. I spent a couple months building the tables, benches, wedding arches, portable bars and other stuff in my wood shop, she spent about that much time building an awesome website and marketing to people in the wedding industry.  We launched and it really has taken off, we are getting a constant flow of visitors to our site and regular bookings for weddings. It's worked out perfectly. All the expenses of building have been paid back from the weddings we've done  Nobody can close us down and its fun to do.
Failure is part of trying new things. Don't be afraid of it, if you fall down then learn what you can from it and push forward again.  In this day and age anyone can start a business, make a website and if you can solve a problem or provide a great service that people want, then the sky is the limit. Do you have an experience with persistence paying off? What happened and how did you get thru it?
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: Aulore on April 21, 2019, 04:39:51 PM
Being persistant is really something you need to succeed in any business. I have tried like 50 banners advertising networks before I could come up with anything which converts for my offers spending a bit on each, like $50 to few hundreds, but it all paid off in the end making me high five figure income.
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: Delgboke on May 13, 2019, 10:04:46 AM
Being persistence in entrepreneur business helps you to build strong community in the business world and also build trust in the heart of your customers.
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: Sajinn on October 07, 2019, 06:58:02 PM
Times could be good and really could be bad, just like your business, you never should allow yourself to get there anyway. You really need to stop with all that matters help here really anyway. I just do not get anything why you should simply put hands down.
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: Pififop on October 27, 2019, 10:22:46 PM
If you are an entrepreneur, then you are a persistent person, because in order to take your personal path, you need to pass certain tests and difficulties.
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: Gormicsta on February 11, 2024, 05:41:12 PM
Being persistence in entrepreneur business helps you to build strong community in the business world and also build trust in the heart of your customers.

You are absolutely correct, these are the importance of being persistence in a life of an entrepreneur, additionally it also takes for one to be ready to undergo the risks in it such as when you experienced difficulty, you can be able to overcome it or know the solution to it.
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: KingsDen on March 03, 2024, 09:03:53 PM
You cannot call yourself an entrepreneur if you are not persistent. It is not really easy building a brand, you have to battle with environmental challenges, financial challenges, economic challenges and many other challenges.  At some point,  giving up may seem like a good option but this obviously isn't a solution. To succeed as an entrepreneur, you must be determined to succeed no matter the challenges that comes your way. Successful entrepreneurs fought so many battles before they got to the level they are.
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: Mr. Allcrypto on March 11, 2024, 03:20:41 PM
Being persistent in your business and ensuring that your business grows depends on how committed you are in that business. Being a successful entrepreneur on the society you must be persistent in your business to ensure growth...
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: FOKA33 on March 13, 2024, 09:09:12 AM
Being a persistence entrepreneur;
1) the ability to stay focused on his/her goal.
 2) keeping In touch with other successful entrepreneur or mentors.
3)good communication skills, time and dedication towards your client
4)be a good leader.
5) being open and free minded to customers.
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: DragonF on March 14, 2024, 12:12:06 AM
When you understand that nothing good comes easy, then you can keep pushing. Every successful person has days of hard work. Persistency is key. What makes the difference is persistence. When you don`t give up in your pursuit, there is every tendency that you will win. As an entrepreneur, when you have a business plan, work until you achieve the plan. Going back to sleep after identifying an area of human need will do you no good. No matter how long it will take, keep doing it.
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: Emmanuel1 on March 15, 2024, 12:16:50 PM
Actually; persistence is a key to anything you do in life but particularly,I narrow it down to  business.
No business, I mean no business can succeed  without persistence. Persistence is like a fuel that drive businesses going, despite the encounters and challenges the business might receive in the journey to succeed.
Every entrepreneur need to build mental toughness, and persistence is part of the qualities to build mental toughness. That's my input on this subject matters.
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: Emmanuel1 on March 19, 2024, 04:31:15 PM
Persistency is important in life generally and in whatever you do you need to be persistence. Narrowing it  down to business every  entrepreneur needs to be persistent in taking their business to a greater high persistency is a major Force for every entrepreneur to possess, so that it will be a driving Force despite any challenge the business brought for them to move the business to the next level.
Title: Re: Importance of Persistence in being an Entrepreneur
Post by: Mr. Allcrypto on March 27, 2024, 11:43:47 PM
Being a persistence entrepreneur;
1) the ability to stay focused on his/her goal.
 2) keeping In touch with other successful entrepreneur or mentors.
3)good communication skills, time and dedication towards your client
4)be a good leader.
5) being open and free minded to customers.



In a not shell, being persistent as an enterprise simply means being committed and dedicated to your business.