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Dear Entrepreneur/Founder, Happy New Year! Congratulations. Welcome to 2023.
For many business leaders, the New Year means predictions. Budgeting! goal setting! vision board! Performance evaluation! Financial audits and all the other shenanigans that make January such a roller coaster.
Everyone expects you to enter the New Year with great purpose, strength, and passion. Enough to motivate your team and drive positive engagement within your organization. Sadly, business leaders sometimes enter the new year exhausted, beaten down by the disappointments of the previous year and fueled by the dire economic outlook of statisticians and economists that dominate all global media headlines this time of year. . If you are a business leader in Nigeria, you can add it. A costly business crisis, rising inflationary pressures, an expected slowdown and business disruptions typically precede each election cycle. It can be very difficult to drown out the noise and maintain a positive outlook for the new year.
All you need to get through this season is grit! Grit is a combination of purpose, belief, commitment and perseverance. Trust me, it takes a healthy dose of each to succeed as a founder or entrepreneur this season.
(1) Clarify your purpose
Let purpose guide you as you navigate each tier of growth and each business cycle. I like to define purpose as the ‘deeper reason’. As a founder, I’m sure you’ve established a ‘deeper reason’ before starting your business. You need a clear purpose to keep your passion alive during difficult times. You can also easily submit to the humility and humility demanded by the business season.
(2) If you have faith, you can face adversity.
Beliefs are the anchors that keep you grounded in the face of adversity. When you feel better against the headwinds of life and business. Beliefs help us navigate negative projections, naysayers, failures, and temporary setbacks with wisdom and resourcefulness. As I often say, when certainty is loud, it drowns out the voices of opposition.
(3) Commitment gives endurance to achieve depth
Have you ever heard the saying, “You can’t have depth in anything without commitment”? Commitment is endurance driven by purpose, belief, and a determination to do your best to get a desired outcome. am. Commitment requires continuing learning, relearning, and non-learning, and maintaining sufficient humility to listen to a variety of perspectives while acknowledging good thinking and belief regardless of its source. To do.
Also Read: Yele Oyekola: An Entrepreneur Tackling Payments Challenges in Business
(4) Face all difficulties
Every Founder needs a shot of patience that is occasionally dosed in one large dose. Despite the reality of our actual situation, it is impossible to build anything viable or sustainable without the ability to take initiative and believe in all possibilities.
Life as a founder or entrepreneur isn’t the easiest road to traction. Once you have chosen your path, you must accept it with equanimity. Enjoy the process of navigating and overcoming the day-to-day obstacles that come with packaging as life and business pave your way. Grit teaches us to stay positive while harnessing the power of creativity and innovation in our focus on problem solving.
It’s no surprise that in an article I read recently, psychologists assumed it was a more accurate test for determining long-term ability to succeed in life, leadership, and business. Highly rated IQ (Intelligence Quotient), EQ (Emotional Quotient), or SQ (Social Quotient).
As we head into the new year, stay focused on keeping your GQ (Grit Quotient) at 100%. Remember, GQ should be abundant in an entrepreneur’s DNA.
your entrepreneurial spirit.
Tosin Ahose
Ajose is an award-winning commercial attorney and founding partner of DealHQ Partners, Nigeria’s leading deal advisory firm. Serial entrepreneur, astute speaker and writer. Tosin is passionate about supporting early stage businesses and venture building in general. When she’s not wearing her lawyer hat, Tosin is likely in her classroom. She is an Adjunct Lecturer at the Center for Housing and Sustainable Development, Nigeria and a Resident at LearnHub Executive Education.
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