Many successful entrepreneurs have been through many different experiences and industries before they got to the top. One such example is Fred Cary. The founder of over ten companies, Cary, is a certified attorney, a motivational speaker, a business coach, an investor, and a financier.
Diverse experience is key in business.
“If you can think of a business category, I was probably in it,” Cary shares with a laugh. He emphasizes the importance of diversity in business. “You learn many different lessons from each industry. Once you internalize them, they help you build a well-rounded company,” he says.
Cary’s companies have earned him multiple successes, and he has recently decided to share his expertise with his hundreds of thousands of followers on Instagram. “There are more than 550,000 people every month in the United States who decide to start a company, and there aren’t good resources in one place for them. I was shocked when I came across 30 companies that were actually scam specifically created for their own profit that pretended to give advice to new business owners. That was appalling. I decided to take matters into my own hands and coach people through social media,” he shares.
Entrepreneurs need to have an unwavering mindset and confidence
There are a few key ingredients to creating a successful business. There has to be a winning idea adapted to a particular niche that is not too saturated. Then, the entrepreneur has to be willing to follow through and not quit. Finally, according to Cary, there’s the good, old confidence. “If you wake up and aren’t feeling good about yourself and your idea, you’re going to fail for sure,” he says, adding, “You need to understand how not to compare yourself to others and stay in your lane. Feeling good in your skin and exuding confidence will make your team trust you more as well.”
According to Cary, an entrepreneur needs to pay attention to their attitude and how they approach each and every day, versus solely fixating on their ideas.
Scaling a business comes down to being ready.
When it comes to scaling a business, there are two ways in which the process takes place. The first is intentional, while the second is unexpected. In any case, Cary advises that entrepreneurs need to be ready for those changes when they come. “If you signed up for Instagram and expected to have a thousand followers but ended up having 100,000, that’s okay. You need to maintain your cool and be confident that you can deliver on your promises,” he says.
Entrepreneurship is tough but worth it. Choosing to be an owner versus an employee, having a grounded and confident mindset, and creating the right team are the necessary precursors to reaping the benefits of a long career. Being ready for the ups and downs prepares an entrepreneur for tackling anything that may come their way.