Marius Kraemer

The Triple-F base foundation required to function as an entrepreneur

Wanting to be an entrepreneur requires a lot of self-belief and an innate urge to make a difference in this one life we have. It also requires you to work for quite an extended period of time, without pay, without anyone supporting you. You have to initiate everything yourself, you have to convince people to be mad enough to work with you for free, just because of that vision of yours.

friends, freedom, financeHowever, you can have all the above abilities, but in my own experience if you do not have the foundation to function as an entrepreneur, you won’t be able to do it. I always like to think in metaphors and for me being an entrepreneur is like standing on a rock with lava all around you and you are trying to build a very complicated machine on it. Furthermore, the rock’s stability needs to be equally supported by three main factors and if one or more of the factors are not intact, the rock begins to crumble and it’s hard to keep balance with quakes hitting you all the time. How can you build this complicated machine, when every couple of seconds you have to watch your step and you are dropping parts of the machine you want to install? It is impossible.You can’t concentrate on building it, because you have to watch your step all the time and look to not fall off the rock. I call these 3 main factors the Triple-F foundation needed to function as an entrepreneur: 

Friends, Freedom and Finance .

Friends:
You need a social circle of friends who understand you and your goals, what you are going through and who can hold your hand when worst comes to the worst. It helps a lot when they are entrepreneurs themselves, because they have lived through the same ups and downs often enough.

Freedom:
Having other important responsibilities, make it very hard to be a good entrepreneur. If you have problems with your visa status, you just got a baby, or someone close just passed away, you just can’t keep your head up and be super-productive and creative. If you have aforementioned obligations, you are not free, you have to care about other things and you can’t care enough about your business.

Finance :
If you have to worry about money, you can’t think big anymore, because every 5 minutes your big thoughts are interrupted by small thoughts such as where to pay the next rent from. Without money, you just have to wing everything and you can’t think things through. Money gives you the peace of mind and flexibility to think big. It takes the hurry out of what you do and enables you to think outside of the box for features or marketing strategies you are planning. And the more things you can try out, the more likely it is to get lucky and to strike gold that makes your product go viral.

Interestingly enough though, sometimes the best ideas come when standing with the back against the wall and you are winding yourself out of the misery back into success. However, this only works out sometimes and makes you age a lot faster. :)


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Marius Kraemer Matewire Marius Kraemer
Company: Matewire
Position: CEO
Founder at Matewire (@matewire). German bloke. Programmer. Likes being airborne.

Latest Articles by Marius

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    Matewire is a real-world social-network for mobile, where our users can see and join social & outdoors activities like spontaneous footy in the park or free boxing sessions down the road.  More info & Contact Details



     

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