Home » Blog » Peter Decaprio – 10 Things I Wish I Knew Before Starting A Business

Peter Decaprio – 10 Things I Wish I Knew Before Starting A Business

Peter DeCaprio

10. You’ll never feel like you’re doing enough

This is one of the most common problems for entrepreneurs. They work so hard, but every time they look around, they see someone else who seems to be doing better than them says Peter Decaprio. A high achiever in their previous job always felt like they were average or below average compared to their co-workers and peers? Good news! After starting your own business, you will finally get off that damn roller coaster of constant frustration and feelings of inadequacy because everyone around you seems more successful than you by such a considerable margin! The only way to fix this problem (and it’s not a problem) is to make sure your business grows and evolves with you.

9. You’ll never feel like you’re getting paid enough… but the money will come eventually

Peter Decaprio says the most successful entrepreneurs tend to be pretty frugal people who don’t spend money on non-necessities. They watch their spending and usually have no problem accepting lower pay or taking less salary than they would receive if they worked for someone else’s company. This is because they are confident that one day their business will produce enough cash flow to comfortably support their lifestyle without having to worry about working too much or not being able to afford anything nice. Even importantly, they know that when the business gets to that point, they will dictate their value and command big salaries once again.

8. Don’t wait for the perfect time to start your business

You need to get good at making creative use of tight resources because there is never enough of them; you’ll always feel like you don’t have everything you need explains Peter Decaprio. It’s essential to accept this fact and make peace with it early on to avoid becoming frustrated when things don’t go exactly how you planned them. Even if something is missing (like a necessary piece of equipment), see if you can buy a second-hand one, rent one, borrow one from a friend or family member, or think about an alternative way around it. You might even be able to benefit from not having everything you need and find a way to make the most of it.

7. You’ll always be tempted to skip sleep, but don’t do it!

It’s common for entrepreneurs to fall into the trap of believing that “I can catch up on some sleep when I’m dead!” In reality, though, there is no substitute for a good night’s rest. When you’re exhausted from being run down by working excessively long hours without rest, you will have poor judgment. Peter Decaprio says your body won’t be able to repair itself as quickly or as well, so you’ll become sick more often, and injuries will take longer to heal properly. If a lack of sleep continues over a long period, this could even lead to more severe health problems like depression, anxiety, or even heart disease.

6. You’ll feel awkward if people ask you about your business and you’re not successful yet

Even though it might be scary to talk to people about what you are doing, don’t avoid talking about your new business because of fear, either explains Peter Decaprio. The more you speak with others about the different aspects of what you are trying to achieve, the easier it will become for them to give you helpful advice when they see opportunities to help your business grow. Also, the more they know about your new project, the less likely they are to recommend someone else who is better suited for the job if they find out that there is an opening somewhere or a client looking for services that would perfectly fit your business.

5. You will feel uncomfortable if people ask you about your business and you are successful already

One of the downsides to starting a new business is that everyone will be closely watching to see how it does, and they’ll expect big things from you all the time. You will feel like an impostor when this happens, especially in the early days when you’re just getting started because everything still feels pretty uncertain and unproven – even though everything should seem much more concrete than when you were just thinking about what your friends would say! Peter Decaprio says Sooner or later, though, you’ll come to terms with feeling like that whether or not your new company succeeds or fails since success is relative.

Failure doesn’t exist: in other words, nothing wrong happens to you. If your business fails because the only loss is the time and money you invested into it up to that point. But even then, if you did a good job planning things out from the start. You shouldn’t have lost more than a few months of work and a few thousand dollars. As for success, any result can be considered successful simply because it was what everyone expected for some reason or another.

4. It’s going to take longer than you think it will, even if everything goes well

Starting a new business requires juggling so many different tasks at once (such as marketing, product development, operations management). Each one needs to get done perfectly for things to go smoothly overall. If even one of those things fails to do what it’s supposed to do. The entire project might be at risk, and everything could go off track. It can take a long time before you start seeing any real progress happening. And, as each day passes by, you’ll be tempted to give up. Because it still feels like nothing is getting done: but don’t allow yourself to get too distracted; from doing your best!

3. You will have days where you feel invincible

Even though things probably won’t turn out as planned or expected on most occasions. That doesn’t mean that they won’t work out exactly how you wanted them to on a few rare occasions… Sometimes life is going to hand you a lucky break. And all of a sudden, you’ll get all of the things you need, and everything will work perfectly. Even when your business fails, and nothing seems to be going right. You’ll pass by a chance encounter that will give you hope and help turn it around. Something about human beings makes us always go for it, especially when we aren’t expecting much; we can see success in anything if it’s unexpected enough.

2. You won’t make as much money as you thought you would

Many people start businesses because they want to be their boss. They think they can make more money doing whatever they do on their own than working for other people; however, what most fail to understand is that starting a new business. It isn’t just about making money from the moment you start getting paid for your work. The company becomes a job. The experience as a whole will begin to feel more like an obligation as opposed to something fun and exciting!  The first few years of working on a new business seem like throwing money at a piece of paper. That will only waste away little by little. Because there isn’t enough time or energy leftover from everything else that needs to get done first.

1. You’ll never be bored again!

I’m not trying to boast, but this is something that has genuinely made me consider. The benefits of owning my own business over working for someone else. One of the best things about starting a business is how much you’re going to learn along the way. Even after you meet all kinds of different people with lots of different experiences. You still won’t be able to guess what will happen next! Genuine businesses don’t always work out how you expect them to. Nor do they have a guaranteed timeframe or sense of permanency… But if you’re doing things right and manage to get through some tough times. Your reward can be very fulfilling even though it might not seem like it at first.