Bruce Lee was more than just someone who was good at martial arts. He was a brand and a business all in one. If he wasn't winning tournaments and shooting movies, he was giving interviews and becoming a permanent legend. His brand was himself. And although he passed early, he left a number of lessons that young entrepreneurs can learn. With 530,000 new businesses every month coming into being, this guide is going to show you how not to fail.
These five lessons are the most important that entrepreneurs can use to evolve.
Spending Too Much Time Thinking
"If you spend too much time thinking about a thing, you'll never get it done."
Entrepreneurs are often guilty of thinking too much. They are so scared of failure that they spend their lives trying to approach a problem from just the right angle. Bruce Lee believed in just doing it. This doesn't mean be reckless, but it means coming out of your comfort zone and trying to make the best of a situation at hand.
The AWMA sponsored athlete Shahin Jahanvash demonstrates this. He started competing at the age of four, whereas many of his peers spent years training before even thinking about the prospect of entering competitions.
Avoid a Temper Tantrum
"A quick temper will make a fool of you soon enough."
Entrepreneurs are passionate about what they do, but sometimes this emotion can be displayed in exactly the wrong way. It's easy to get carried away when something goes wrong, but a bad temper will only leave you looking silly. Its energy spent on a fruitless pursuit.
The key is to take everything at your pace. No state, good or bad, is a constant in your life.
Be Firm and Flexible
"Notice that the stiffest tree is most easily cracked, while the bamboo or willow survives by bending with the wind."
Bruce Lee believed in being firm on a goal, but by being too firm you can damage yourself. It's vital that you remain flexible. If the situation changes, such as with your budget, a smart entrepreneur knows that they have to change. Being overly stubborn and sticking to the original goal, even when it's already a lost cause, will ultimately lead you to failure.
Don't give up your passions easily, but when all the signs are pointing towards changing your plans be willing to do it.
Stand Up and Be Counted
"Knowledge will give you power, but character respect."
You can be the most intelligent person in the world, but you have to be able to take that intelligence and turn it into character. You may be struggling to deal with a range of difficulties, but during those difficult moments you have to be willing to take responsibility and be counted.
Entrepreneurs often learn that respect is vital for inspiring people to give their all. To gain respect, they have to be accountable and to accept criticism as well as praise. Becoming a man of integrity will lead to the people around you wanting to be you.
"I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times."
It's easy to try lots of different things until you find something that works. Most failed entrepreneurs are actually serial entrepreneurs. They have constantly started businesses and they have constantly failed. They are almost never in the same industry. It's a matter of simply jumping around until they come across something that actually works.
This is the wrong way of going about it. You need to settle on one thing you are passionate about and then keep trying until you find what works for you. Attempting to follow the trends on the off chance that you stumble upon something that makes you a millionaire is never going to pay dividends.
Bruce Lee was a man who believed that you have to persevere. It doesn't mean that you have to be stubborn. It means that practice makes perfect.
Implementing the Lessons of Bruce Lee in Your Life
What these five lessons should have taught you is that you need to broaden your horizons. Look further than your industry and concentrate on those who have become successes elsewhere.
If you compare all the successful people in the world, you will find that they all have something in common. This is no accident. Success, in a general sense, is a blue print.
How will you change your ways in order to become a success today?