Why is determination important for an entrepreneur

It will certainly stress you out. So I think you have to be pretty driven to make it happen. Otherwise, you will just make yourself miserable.

Image credit: Business Insider. At Kae Capital, we see determination as being critically important, which is why an entire section of our due diligence checklist Yes, there does exist such a checklist! But, do we really understand what determination truly stands for? Allow me to take you through what we at Kae Capital like to look for, with some real-world examples.

This is the side of determination which most people understand, at least in principle. Get stories of change makers and innovators from the startup ecosystem in your inbox. This is because in monopoly there is no scope for improvisation or change. An entrepreneur should be highly energetic and motivated. He or she should always be on the go. At the same time, the commitment levels have to be pretty high. Only when a person is motivated can he do justice to his line of work. Accepting rejection or constructive criticism can go a long way in making an entrepreneur successful.

Criticism shows what he or she is not doing properly or where change is needed. However, it must be remembered that accepting criticism is a very important way of getting success. This is because a person will then be aware of the shortcomings of his business and accordingly make amends. Hence accepting criticism is actually a good way of improvising. Passion, resourcefulness, willingness to improvise and listen to others and strong determination to succeed is what makes an entrepreneur successful.

And this is what you have to keep in mind as well if you want to be a successful entrepreneur yourself. I had heard this before — Bill takes amazingly detailed notes during meetings. A retired school teacher from Chicago, she thought living on a remote cattle ranch in the middle of Wyoming would be an adventure.

It was 10 miles on dirt road from our ranch house to the last gate on our property, and another 60 miles to town. Garrrity went home for Christmas and was due back after the New Year. Instead, he jumped over it and motioned to my dad to join them. Immediately, both raced to the house. The only communication available in this remote area was a two-way radio so I followed them. It seems that Mrs. Garrity got her car stuck in a snowdrift just as she passed through that last gate that led onto our property.

She made it 5 miles before she froze to death. My grandfather had found her body beside a wire fence. He covered her up with an old tarp he had stashed in his pickup and weighed it down with 2 fence posts placed on either side of the body. Saddened beyond words, our whole family reacted as only stoic and stalwart people can in a situation like this—we kept moving forward.

We had no contingency plan for a tragedy like this. Ambition is the leader of all great achievements. It is the fore-runner which clears the way for us to reach our goal. However, there is no surer road to success than moving along the path of those who have succeeded. Please wait while you are being authenticated Thomas Babila Sama The writer is a student of social and public policy.