I Learned The Hard Way
Posted by Literary Titan

Pay The Price provides practical advice and wisdom readers will need to find entrepreneurial success through any setbacks. Why was this an important book for you to write?
I thought my business was a no-brainer. I had done all the research, the training. Identified the market need. Launched it straight after business school. But after 10 years of slugging it out without a single pay check and enduring all sorts of challenges from near bankruptcy, humiliating chronic illness, 2 car crashes where the cars were so damaged they had to be written off, moral failure and losing 2 members of my close family, I was on the brink of giving up and sticking to my 9-5 job. But I didn’t, and after a decade, I signed my very first million dollar deal. It turns out that 90% of entrepreneurs face the same challenges but end up giving up too soon. And I felt an indescribable pain every time I walked past a closed small business, or read another story of a business going bankrupt, or met another failed entrepreneur. It sounds like a cliché but I felt deep down I had to do something about it, and this book is a result of that pain, that feeling, that ‘’calling”.
What is one trait that you think any successful entrepreneur must possess?
Resilience. If you believe in your honeymoon period, i.e your dream, your purpose and your passion, success does not come automatically. You need to have the grit, the diehard attitude to stick it out. As I say in the book, its crucial to stick with it if you believe in it.
What is one thing about entrepreneurship that you learned the hard way and how can others do it differently?
The one thing I learned the hard way? Pain. Its inevitable. I dedicated almost a quarter of the book talking about it – even to the extent of devising a brand new Pain Response Model. In that model, I show that there is a part of pain you can minimize or completely eradicate to make the journey a bit easier, to make the price to pay a bit cheaper – the pain of self-sabotage, what I call Red Flag Pain in the book. This is so simple, so ”common-sensicall” that it hardly needs saying. But it’s the one thing that trips up so many entrepreneurs even after they have succeeded. You need to know what yours is, be self-aware and take drastic steps to kill its growth before it kills you and your business in the end. My path to success would have been much smoother, but then I may not have had the ammunition to write this book!!
What research did you undertake to complete your book?
I researched using literally hundreds of books and academic papers, first hand interviews with entrepreneurs across the world, top rated podcasts, my own journals, social media feeds, and articles from dozens reputable websites such as the BBC.
Author Links: GoodReads | Twitter | Facebook | Website | LinkedIn
Starting a business is tough. It’s even tougher building one with strong ethical foundations. Up to 90 percent of UK and US startups fail by the 10th year. This trend is even worse in developing countries such as in Africa, which incidentally is the most entrepreneurial continent in the world.
Strong foundations are impossible without going through the mill. The process. Highs and lows, shame and pain. This dark side of entrepreneurship is not highlighted enough in the literature, possibly contributing to these high failure rates.
There are plenty of business books about success out there. There aren’t nearly enough business books about failure—and how sustained perseverance through pain and repeated setbacks is often the prerequisite for true, lasting success.
This book is different.
You’ll learn how Passion, Pain, Time and Purpose are vital keys to succeed—with plenty of pioneering insights from unusual sources: music, poetry, chemistry, sport, and stories. It even has its own dedicated Spotify playlist.
In here, you’ll discover:
The Five Principles of Ethical Entrepreneurship
The Three Universal Phases of Entrepreneurship: the Honeymoon, the Formative and the Legacy.
How starting with who, NOT why is crucial for building a successful, enduring, ethical business
Overcoming the FOUR kinds of pain that lead to entrepreneurial failure with a brand new Flag Response Model.
Validating Your Business Model and Partner using real theories in Chemistry.
Earning the best Legacy type, the Pathfinder, out of the FOUR available options and much, much more.
About Literary Titan
The Literary Titan is an organization of professional editors, writers, and professors that have a passion for the written word. We review fiction and non-fiction books in many different genres, as well as conduct author interviews, and recognize talented authors with our Literary Book Award. We are privileged to work with so many creative authors around the globe.Posted on November 22, 2022, in Interviews and tagged author, author interview, book, book recommendations, book review, book reviews, book shelf, bookblogger, books, books to read, business, ebook, entrepreneur, goodreads, indie author, kindle, kobo, literature, nonfiction, nook, novel, Pay The Price, personal development, read, reader, reading, self help, Steven N. Adjei, story, writer, writing. Bookmark the permalink. Leave a comment.
Comment Cancel reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Leave a comment
Comments 0