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The Heart of The Entrepreneur

Have an idea for a business.

Do more than have an idea.
Execute on it.
Build the business plan.
Figure out how to fund it.
Find a space to rent.

Start it in that spare bedroom.

Maybe on your living room floor.

Get a loan from a bank.
Get a loan from family and friends.
Get money from your credit cards.
Get a customer to believe in your idea.

Just one customer.

Fight for your idea.
Please that customer.
Find that first employee to believe in your idea.
Spend countless nights awake trying to make that first customer happy.
Do that while trying to build your own business, office, culture and nurture your team.

Do that while the ghosts at night question your every decision.

Spend money on hiring.
Spend money on culture.
Spend money on making your employees better people.
Spend money on a website.
Spend money on marketing.
Spend money on advertising
Spend money on rent.
Spend money on insurance.
Spend money on coffee.
Spend money on winning more customers.
Spend money on not losing the customers that you have.
Spend money.

Keep fighting for your ideas.

… for more traction.
… for more attention.
… for better products.
… for better services.
… for better relationships.
… for better team members.
… for a better future.

This is the heart of the entrepreneur.

The one who has to look an employee in the eyes and fire them.
The one who has to look at themselves in the mirror every morning.
The one who has to figure out what’s next (and how to get there).
The one who has to make it look like they knew what they were doing the whole way along.
The one who has to decide to keep the doors open.
The one who may be forced to close those doors.
The one who has to decide to sell their baby.
The one who has to decide to not sell their baby and keep at it.

The one who has to watch the dream…

… grow.
… fade.
… change.
… expand.
… contract.

… come true.

Year in and year out.

Don’t believe what you read.
There is no overnight sensation.
It is ten years (at least) in the making.
No matter how you slice it.

A decade.

A decade and it’s still a brand new baby.

Everyone wants to start something.

Everyone wants to be their own boss.
Everyone thinks that they can do it.
Everyone thinks that they know better than those that do it.

Everyone knows everything.

Until…

It’s time to be the one who is supposed to know everything.
It’s time to really run at that dream.
It’s time to make difficult decisions.
It’s time to realize how little is left in the bank.
It’s time to open up a new office in a different city.
It’s time to open up a new office in a different country.
It’s time to find more team members to grow this up.
It’s time to find someone to partner with.
It’s time to make decisions you never imagined making.

Being an entrepreneur takes a lot of heart…

… and brains.
… and guts.
… and courage.
… and empathy.
… and talent.
… and learning.
… and asking for help.
… and asking for forgiveness.
… and seeing a future that did not exist before.

That’s the heart.

The heart of the entrepreneur.

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Mitch Joel

Mitch Joel lives at the intersection of technology, business transformation and consumer culture. He is the Executive Director of Next Era Institute, a strategic intelligence platform helping leaders understand the forces reshaping business, technology, culture and society. The Institute identifies which shifts matter, explores their wider significance and translates them into strategic direction and momentum. Mitch is also a globally recognized keynote speaker. He has delivered thousands of presentations across both B2B and B2C industries to organizations including Google, Walmart, LEGO, Shopify, Microsoft, Procter & Gamble and Unilever. Strategy Magazine has called him “one of North America’s leading visionaries.” Mitch built his career by working directly inside the waves of change that reshaped modern business. He founded and built a digital marketing agency that worked with some of the world’s largest brands and was later acquired by WPP, where he served as President of a firm operating in 25 countries with almost 3,000 employees. Mitch is the bestselling author of Six Pixels of Separation and CTRL ALT Delete, and the host of Thinking With Mitch Joel, one of the longest-running business podcasts in the world. His writing and commentary appear in outlets including Harvard Business Review, Fast Company and Inc. Magazine. He is a member of Dr. Marshall Goldsmith’s 100 Coaches and was named to the Thinkers50 Radar. Mitch also hosts Groove – The No Treble Podcast, documenting the oral history of electric bass players. Mitch is also Co-Founder of ThinkersOne, a platform that enables companies to bring personalized thought leadership from world-class experts into meetings, events and off-sites in focused 15-minute bursts.

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