As time progresses, does becoming a successful entrepreneur get harder or easier? Why?
Well, it depends on how you’re approaching this whole thing. With technological advancements, the processes involved in setting up and running a business have become simpler individually.
On the whole, it’s only gotten harder.
In the olden days, it might be a big deal to begin a business, any business. There were so many middlemen (think what publishers were to creators, for instance). These middlemen might be a drag in how everything moves, often causing one to relinquish a lot of the control in running a business — among other problems.
The middlemen funnel to executing any strategy in the growth of a business might be conventional and offer little room for the creative dance of innovative ideas. It is either to purchase a billboard space or a cable time for your ads when it comes to marketing, for instance.
Today, it is the other way around.
Starting a business has never been easier. You can wake up today and decide to create an app that does so and so for people of so and so interest, even if you have zero coding skills. You will need little approval from authorities, unlike decades ago where the acceptance of an idea in and of itself is subject to appealing and not necessarily values. The internet has removed the need for all these.
You can earn enough to make a living as a freelance writer without needing anybody else’s permission — asides from your clientele, of course. Today, you have more control than ever, and this gives you more freedom to let your innovative ideas dance. While this is generally good news, it poses even greater challenges, the most threatening being anybody else can do exactly the same.
The reduction in friction to start a company eliminated the conventional and the mediocre. The price to reach exception surged up with this and continually setting the bar to inordinate heights.
We also have more options today. And that is another problem with reaching whatever milestone can be regarded as “being a successful entrepreneur.”
The number of channels we reach our audience keeps increasing. There are newer trends we have to keep up with every day in solving the problems of the market. Our relationship with our employees is becoming as complex as the flexibility the digital world promises: Asana or Airtable, Zoom or Google Hangout…
It is easy to get sucked into these trivial as opposed to doing the work that actually matters.
The tools we keep creating to solve our problems come with their problems, and then we try to solve those problems… It’s chaos. And hardly anybody seems to be addressing these.
Collectively, I’d say it is getting harder to build successful companies, despite the news of the humungous fund startups seems to be getting. The task of building a legacy through solving the problems that matter becomes more daunting than it ever was. And until we recognize building block solutions as a problem in itself, blindly building more and more of these solutions will do what building more factories did (and is doing) to the planet.
This post was originally published here.