Gary Vee's Advice on Starting a Business

Gary Vaynerchuk, CEO of VaynerMedia and a successful entrepreneur, emphasizes that waiting to start a business can be worse than failing. He believes that the fear of financial risk or feeling like an impostor is a common feeling, but it should not hold you back from pursuing your entrepreneurial goals.

Imposter Syndrome: A Common Fear

Vaynerchuk acknowledges that the "imposter syndrome" is a real feeling. He says that it is simply a fancy way of saying that you feel insecure. It is natural to experience these feelings, but he encourages people to embrace them and move forward. He believes that waiting to start a business because of these feelings can be a detrimental trap.

• He uses the analogy of a child who is afraid to swim. The longer they wait, the more the fear grows, and they may never learn to swim.
• He advises entrepreneurs to not let fear paralyze them, but to develop a plan and take action.

The Importance of Taking Action

Vaynerchuk emphasizes that taking action is the key to overcoming fear. Starting a business, even if it fails, provides valuable experience and lessons. He believes that the regret of not trying is far greater than the potential risks associated with starting a business.

• He highlights that the question "Why didn't I do it?" is a common source of regret in later life.
• He argues that the financial risks of entrepreneurship pale in comparison to the regret of not pursuing your dreams.

The Rise of Entrepreneurship

The article highlights the growing trend of entrepreneurship. The number of new business applications has reached a record high in the United States, indicating a significant increase in the number of people choosing to start their own businesses.

Overcoming Fear: A Key to Success

Gary Vee's advice serves as a powerful reminder that the journey of entrepreneurship is filled with both challenges and rewards. By overcoming fear, embracing risk, and taking action, aspiring entrepreneurs can increase their chances of success and achieve their business goals.

• Entrepreneurs should remember that failure is not the end. It is an opportunity to learn, adapt, and grow.
• The fear of being an "imposter" is a common feeling, but it should not stop you from pursuing your business ambitions.

Key Takeaways

• Don't let the fear of failure stop you from starting a business. Take action, learn from your mistakes, and keep moving forward.
• Recognize the importance of having a plan and taking calculated risks.
• Embrace the challenges and opportunities that come with being an entrepreneur.
• Gary Vee's message about overcoming the impostor syndrome is a valuable lesson for aspiring entrepreneurs.
• The growing trend of entrepreneurship signifies the potential for innovation, job creation, and economic growth.