Entrepreneurs should have grit. Grit is an individual’s passionate effort and perseverance towards a long-term goal. Gritty people understand sacrifice and are not moved towards short-term gratification. They have self-control. They have focus. They are future thinkers. They are goal-oriented with intrinsic passions. According to Angela Duckworth, a researcher at the University of Pennsylvania, grit is a strong predictor of success and ability to achieve one’s goals.
Entrepreneurs who lack grit don’t follow-through. When the going gets tough, entrepreneurs who lack grit, quit. Developing a business is no easy task, that’s why so many people who dream of building a business often settle for a more secure and soul-sucking job. Entrepreneurs must be so passionate about the business goals that they have the fortitude to face their risks head-on while transforming their fear into fuel, daily.
“Fearlessness is like a muscle. I know from my own life that the more I exercise it the more natural it becomes to not let my fears run me.”
– Arianna Huffington
Did you know that only 8% percent of people follow-through with their New Years Resolutions? Yeah, writing this blog, I gain a lot of random trivia. Back to my point, have you ever joined a gym and found yourself paying for it for months and yet not going? If yes, I hate to say it, but you just didn’t have the necessary grit. You were not passionate about your health or weight-loss goals and therefore lacked the motivation to persevere. You have no idea how many gyms I generously gave my money to before I developed the wherewithal to follow-through on my weight-loss goals. I learned that to develop grit, you have to be self-aware to discern what you value as that is most likely what you are passionate about and be willing to build new habits.
You have to see failure as the beginning and the middle, but never entertain it as an end.” – Jessica Herrin
Grit is a habit driven by passion. It is a pattern of doing the same thing, day in and day out, in the name of passion. If you are passionate about what you’ve set out to do, the passion will motivate and empower you to do. For example, law school sucked! But I wanted to be an attorney more than anything, so I did it. I read the case law for every class. I prepared myself to be cold-called. I developed a schedule to complete my legal writing assignments ahead of time. I was dedicated, but that doesn’t mean that I enjoyed every moment of the process. It was a means to an end, and I accepted it as such. If I was going to be a lawyer, I was going to have to finish law school, and so I persevered.
A gritty person knows what they want, and they stick to it. You can do whatever you set your mind to. There is no substitute for you. Go after what sets your soul on fire!
Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary. – Steve Jobs