Very few people who actually call themselves an entrepreneur rarely have what it takes to achieve success in this endeavor but one person who personifies the entrepreneurial spirit is Erik Horbacz. Eric has spent his life in food and beverage management and using his great business acumen he has been involved in project management, sales management and working with startups. Eric is the CEO of StoolDuel. Inc, a setting solution for restaurants and bars here in North Carolina. We managed to grab some of Eric’s time to ask him what tips he might have for any would-be entrepreneurs out there.
Never Accept No
One of Eric’s biggest rules is to never take no for an answer and to always find the way out of a situation. He gives the example that may have, not having enough investment, something which he says should never impact what you are trying to do. If this is the case then become a crowdfunder, speak to money men and businesses looking to invest, seek out angel investment or go to the bank. There are always ways and means to secure what you want. The same goes for pitching ideas to clients, if they say no, move on to the next, and keep going until someone says yes.
Entrepreneurs don’t live in the now, they keep and eye on what is happening in the present of course, but entrepreneurs are really always thinking about the future. This forward thinking approach not only helps to better gauge what is on the horizon, it can help to avoid problems and it can also help to spot gaps in the market. Something which Eric lives by is the saying that it is the entrepreneur’s job to give people what they didn’t know they needed, rather than reacting to what they know that they need.
Eric places special importance on the company that he keeps and he believes that building great relationships will help you to go a long way as an entrepreneur. Eric tells me that his black book of contacts is his most prized possession and because of the way that he has managed relationships over the years, he can call on a great number of people for whatever help he needs. Helping people and being helped by others is a key part of the life of an entrepreneur.
There aren’t many people who get it right first time and find success with their first product and most successful entrepreneurs will tell you that they have failed more than once. You cannot be scared of this failure, you must learn to embrace it. Failing is the best way to learn about yourself and when you lose the fear of failure, you can make smarter choices which aren’t ruled by being over-cautious.
Keep working hard, keep overcoming obstacles and you will get there in the end.