Archive for the ‘Entrepreneurship’ Category

Recently, I was brought onto a startup company in the music tech world. Was that my plan? No. Do I know much about music tech? No. Am I excited and passionate about what we’re doing? Hell yes.

We’re both first-time entrepreneurs, upper semester music business students, and woefully uninformed on the specifics of running a company such as this. It’s not going to stop us though, because of a number of things that I know to be true of entrepreneurs.

1. Entrepreneurs Wear Mistakes and Failures Like A Badge

I was talking to a friend of mine about this the other day. We’ve been raised in a world where mistakes are seen as an embarrassment – something to shun and hide in the closet. Entrepreneurs, however, have a completely different mindset, one of pride. The most successful entrepreneurs will brag about their worst mistakes, their biggest failures, and think of them as a rite of passage – one step closer to the goal.

Even hopeful entrepreneurs know they don’t have it all figured out. My business partner and I know that we will be making all kinds of mistakes, but we look at every error as an opportunity rather than a setback. We’ve already learned so much in just two weeks and right now we’re soaking up all the knowledge we can get our hands on.

2. Entrepreneurs Don’t Listen To Naysayers

If someone has an entrepreneurial tendency, they come with a certain attitude of dismissal when it comes to naysayers. Don’t get me wrong, criticism is more than welcome – we rely on outside input and feedback to perfect the vision and product – it’s the critics who don’t even give us a second thought, saying “it will never work” or “you don’t know what it takes to run a company like that” (as if we’re going to let that stop us).

At this point, we’ve received a lot of feedback, most of it positive, a lot of it keeping us grounded in reality. Every day I’m having conversations with musicians, teachers, and entrepreneurs, all of which have given great input and are more than happy to give advice. Those are the people with the most value.

3. Entrepreneurs Are Passionate About Their Company

Another subject that came up the other day with my friend is the motivation behind starting a company. Entrepreneurs can’t be in it for the money. Mostly because it’s likely they won’t be making any for a long, long time, but also because a startup is more prone to failure if the people behind it are in it purely for profit. Passion for – and commitment to – the vision of their company should be the driving factor.

4. Entrepreneurs Are Kind of Crazy

It takes a certain level of insanity to be able to put up with the stress, work 24/7 (we’re working in our DREAMS), and ignore all the signs that say you’ll fail.

But it’s a great insanity. The feeling of bringing something into the world that wouldn’t be there without your hard work is exhilarating. The look you get when you tell people who “don’t get it” what your plans are is priceless. It’s a constant battle, but somehow it never feels like work.

It’s chaotic, methodical, educational, social, stressful, and the most fun I’ve had in my life all at once. I’m excited for every day, and determined to make something great.

If anyone is interested in learning more, sharing their experiences, or giving advice, please email me at musikleigh@gmail.com or leave your story in the comments.

Here are some great articles about entrepreneurship:

http://www.incomediary.com/6-traits-all-entrepreneurs-secretly-have-in-common

http://onstartups.com/tabid/3339/bid/17741/The-11-Harsh-Realities-Of-Being-An-Entrepreneur.aspx

http://ethansaustin.com/2013/01/24/six-stages-startup-lifecycle/

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