Episode 63: Being A Successful Entrepreneur

In this episode Karen Gately interviews Natasha Coughlan, a multiple award-winning entrepreneur, coach, and speaker, to explore the multifaceted journey of entrepreneurship—the challenges, rewards, and essential lessons.  

Natasha Coughlan and Karen discuss: 

• Starting the journey: the initial steps of becoming an entrepreneur. Motivations behind choosing entrepreneurship, the challenges faced during the early stages and how you navigate the transition from idea to execution.  

• Navigating failures and setbacks: delving into the reality of failures and setbacks in the entrepreneurial journey. How Natasha dealt with such experiences, and what lessons she learnt about resilience, adaptation and pivoting strategies. 

• Vision and legacy: the long-term vision for your empire. How do you plan to leave a legacy through your entrepreneurial endeavors?  

Key Takeaways:

Natasha’s Entrepreneurial Journey 

Desire for Freedom: She never liked being an employee and craved the freedom and flexibility of being her own boss. 

Lack of Direction: She initially started multiple businesses without a clear plan, resulting in many failures. 

Value of Mentorship: Finding a mentor can guide you and help you avoid mistakes. 

Common Challenges for Entrepreneurs 

Self-doubt and Negative Voices: It's important to silence these voices and believe in yourself. 

Lack of Planning and Research: Starting a business requires research and a well-defined plan. 

Influence of Surroundings: Surround yourself with positive and supportive people. 

Strategies to Maintain Confidence When Faced with Challenges 

Meditation: Meditation helps to calm the mind and improve focus. 

Visualization: Visualizing success can boost confidence and motivation. 

Affirmations: Positive affirmations can help to counter negative self-talk. 

Core Principles for Entrepreneurial Success 

Vision and Self-awareness: A strong vision and self-confidence are essential. Entrepreneurship isn’t for everyone, self-awareness is key. 

Resilience: Every entrepreneur faces challenges but resilience helps in learning and moving forward. 

Work Ethic: Being a business owner requires long hours and perseverance. 

Passion: Passion for your work helps you stay motivated during tough times. 

Diverse Business Objectives: It’s okay to have businesses with different objectives, whether for cashflow or a deeper purpose. 

Supportive Network: Having a network of encouraging people provides valuable support, advice and motivation, helping entrepreneurs stay grounded and positive. 

Personal Alignment: Every entrepreneurial journey is unique so find what aligns with your personal goals and values. 

 

 Connect with Natasha Coughlan on LinkedIn Now!