Tuesday, November 12, 2019

What it Takes to Become an Entrepreneur


Let’s face it, everybody dreams of leaving their cubicle behind and instead controlling your own destiny. It's not uncommon to hear about entrepreneurs who used the wealth they made from a previous endeavor to build a thriving new startup, or about seasoned business owners who took over a decades-old franchise and transformed it into something new. These stories are inspiring in their own way, but to me, it's even more inspiring to hear about people who started with nothing. Entrepreneur Jeremy Abelson started his journey with no significant capital and no funding, yet despite the odds was still able to build great successes. So, how did Jeremy Abelson accomplish such unlikely feats, and what can we, as entrepreneurs, learn from him?


After two successful exits in the digital media space, Jeremy Abelson founded his own company Irving Investors in 2009. In order to find long-term sustainable investments in the public and private markets, he cleverly used his experience as an entrepreneur with institutional investing. After achieving a certain amount of success in marketing, Jeremy Abelson decided to focus on high growth companies and disruptive technologies.

The path to starting your own business isn’t always smooth—just ask Jeremy Abelson. Even the most successful businesses, small, medium, and large alike, went through their share of challenges. When you’re deep in the weeds of starting up, it can be easy to think about quitting.  It can be helpful to remind yourself you’re not the only one feeling overwhelmed. Every entrepreneur has to deal with a unique set of circumstances and factors that are specific to their business.

For Jeremy Abelson there’s no wrong way to go about starting a business as long as you follow your heart, use your common sense, and manage your stress in a healthy way. You need to invest in yourself before you invest in anything else, by focusing on improving your skills, education and experience. Without self-investment, you won't be able to build a business, let alone sustain one. Also, don’t be afraid to step out of your comfort zone and look to the future. Jeremy Abelson didn't enter a market that already existed, he created new ones, and made bets on how current markets would evolve. Future-focused strategies always win out over present-focused ones.