Entrepreneur Insights: The Power of Patience & Perseverance for Entrepreneurial Success

When people talk about entrepreneurship, they often talk about the journey filled with success and fame. While it’s true that some entrepreneurs achieve remarkable feats in a short span, the reality for most entrepreneurs is a much longer and more arduous path. 

Therefore, the true architects of entrepreneurial success are two often overlooked yet indispensable qualities: patience and perseverance.

Wondering why these parameters are pivotal to the success of a startup? Let’s find out from the perspectives of successful entrepreneurs. 

Matt Benn

Matt Benn is the founder of Soundplate, a popular music-tech company. Talking about how patience and perseverance have led to the growth of his company, here’s what he remarked: 

“The number one quality I think entrepreneurs need is patience! Success almost always takes longer than you think it will. I’ve been running Soundplate in one way or another for about 10 years now and we are still just getting started.”

To read more about his inspiring journey, check out his full interview here. 

Kevin Koskella

Next up we have insights from Kevin Koskella, founder of Work Hero. Talking about the crude reality of entrepreneurship and the journey no one talks about, here’s what he said: 

“Keep in mind, you will read about overnight success companies online and it’s easy to think that’s the way it should be- that growing quickly out of the gate is the norm. But this is almost always NOT the norm but the exception. Slow and steady- while not sexy or newsworthy- will often be your best path, if you have a good idea of where you’re going, and why you want to get there.” 

For more insights from Kevin Koskella, read his full interview here. 

Felix Norton

Felix Norton is the founder and Managing Director of a renowned digital marketing agency, Woww. Here’s what he said about the need for patience and perseverance for entrepreneurs. 

“Relentless tenacity combined with level-headed patience. The road to success is not always easy nor fast, this requires one to never give up and constantly pursue one’s goals through challenging times and setbacks, all while maintaining patience for the time and effort it takes to navigate the journey.”

Read more about his entrepreneurial journey in his full interview here. 

Be Patient & Persevere to Succeed as an Entrepreneur 

Based on the experience of these entrepreneurs and their success with their firms, here are a few quick points to remember: 

• Success in entrepreneurship takes time. Remember, building a successful business is a marathon, not a sprint.
• Overnight success in running a business is a myth. You need a solid foundation and clear goals. It’s a long journey from there. 
• Entrepreneurs must persist through challenges while maintaining patience for the process. Start small and build your way up. For instance, craft a strong local marketing strategy. Persevere, scale up, and go global. But remember – it takes time.