Based on Resolute Adventures: Ascending the Summit....
How Mountaineering Prepares for Entrepreneurial success
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Step 3: Committing to goals and strategies: Need to fully commit and understand what it’s going to take. Decide if team wants to attempt a “first route” — to traverse where no one else has yet set foot. Akin to a breakthrough invention.
When starting a venture, there is a point of no return. All your life savings and often more are tied up in this venture that you must see through to reach the top. While the sweat equity, savings, and opportunity cost you have poured into your venture make it practical to forge ahead to completion to reap a return, money is not necessarily the key driver. True entrepreneurs want to will each milestone to completion so that their innovation reaches the hands of the intended audience in order to make a difference. Those who attempt a "first route" also possess a trail blazing mentality innate in their blood.
The management team needs to be in agreement what the end goal is and the strategies to get there. Summit teams can be literally tethered at the hip in order to successfully ascend. Founding teams are figuratively as well.
Why are entrepreneurs more often than not serial even when they could retire many times over with one success? It's the drive to create, build, and grow toward an end goal.
Hiring people and making promises and the stress of payroll when product date slips and customers are awaiting can keep one working with little time to sleep. Ascending the summit requires complete efficiency of energy in every step taken to preserve minimum sleep time and the fixed resources in the pack on your back. Just as an entrepreneurial mantra is "DROOM - don't run out of money ", life provisions on a treacherous summit are critical to maintain and use with the strictest of conservation.
Understand that it will take every ounce of energy you can muster to battle the rough winds and unexpected mishaps in order to summit. Experiencing adversity builds character.
Successful entrepreneurs, like mountaineers who summit, will their adventure to its end goal.
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