Self-Awareness Will Save You

Self-Awareness for the Entrepreneur is an over-looked and yet very critical part of running a small businesses. 

Karen E. Klein, who is also a VC and has experience dealing with Entrepreneurs said to have classic ADHD-like tendencies, draws a very good comparison in his post about self awareness;

They keep lighting fires, and everybody else chases them all day. The question is, can you get them in a controlled environment and get them to understand the damage they’re doing and maximize their success?…

…we give them a very high fence in that sandbox so they can’t jump out and hurt themselves. The VC will tell them if they don’t get focused they’ll be replaced. It shocks the hell out of them because no one’s ever told them that before.

One of the top reasons many entrepreneurs fail, according to Martin Zwilling, is that Entrepreneurs often fail to execute.  Again going back to being self-aware of yourself in your action plan and following through instead of keeping all of the hypothetical great results replaying in your head is critical!

One way to do this is to MAKE LISTS.  It has been shown that simply writing things down has.  Whether it be changing a light bulb or writing a proposal for your next big client, writing down lists is an incredibly effective way to get ideas through the planning stages and into reality!

SOURCES:

Why Self-Awareness Is Crucial
Top Ten Reasons Why First-Time Entrepreneurs Fail