5 Biggest Roadblocks I Faced When Starting My Business
Posted on March 30, 2017
Are you passionate about starting your own business and entering the world of entrepreneurship? When I started Intern Queen in 2009, I was full of passion, but a bit unaware of the roadblocks I might face along the way. Different people might face different roadblocks on their journey to entrepreneurship, and these are the five biggest ones that I have faced when starting Intern Queen.
- Parental support. For some reason, I thought that when you have a big crazy idea to call yourself “The Intern Queen” and turn it into a full-fledged business, my parents would jump up and down with excitement and write me a big check. This couldn’t have been further from reality. I told my parents I wanted to be “The Intern Queen” and start my own business and they thought I was nuts. I’ve always valued my parents opinion but I had to focus on my gut feeling. My gut told me that I could do it no matter what my parents said. (Note: Today, I have their full support).
- My idea wasn’t “cool.” My first job out of college was at one of the largest talent agencies in the world. Our company represented every celebrity on the planet. I went around telling everyone that I wanted to be the “Intern Queen” and help college kids land internships – it definitely wasn’t the “cool” or “popular” choice. I don’t think my peers knew quite what to think of me and let’s be honest – when you feel “uncool” you start to question yourself and your idea.
- Money. I read about these entrepreneurs who get angel investors or VCs to invest millions in their start-ups idea and businesses and I’m not sure what to think. On some levels – I’m sure there is a sense of jealousy. However, I know that I wouldn’t have known what to do with a million dollars if someone wrote me a check in 2009 when I started running InternQueen.com full-time. I had to hustle every single day to make sure I could pay my bills at the end of the week. And it wasn’t easy. My friends had steady paychecks – I had nothing. I had to create streams of revenue and it was never enough. I always had another bill or another payment due. Because I started my business with only $5,000 in 2009, I learned the value of a dollar and how hard you need to work to earn that dollar.
- Rejection. I talk about rejection a lot on this site and in my new book, Welcome to the Real World. I wouldn’t be where I am today without rejection – tons of rejection. And the rejection hasn’t stopped – it’s constant. When I first started my business, it wasn’t easy dealing with a heavy volume of rejection. It can weigh on you heavily – if you let it. Today, I don’t let it. I fought my way through it then…and I continue to fight through it today.
- Focusing on the paycheck. I didn’t start my business (www.InternQueen.com) because I wanted to get rich. I started the business because I was passionate about connecting young people with their dream careers and giving them advice on how to make the most of those opportunities. It doesn’t matter how passionate you are about your business – you have to keep the lights on at night. And in order to do that, you have to make money. I learned very quickly that I couldn’t spend all of my time answering student’s emails, I had to devote a majority of my time to making sure the business made money.
Read more about my experiences in my new book, WELCOME TO THE REAL WORLD, order here.