Principles of Entrepreneurship Preparation

The Principle of Perpetual Self-Validation

Wisdom for Today

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•Regardless of how accomplished entrepreneurs may think they are, there will always be someone who questions their competence.  Some successful entrepreneurs believe that  your potential for success is directly proportional to the number of doubters you encounter.  Nevertheless, the challenge for you as an entrepreneur is to determine whether you will view these situations as motivators or as insurmountable impediments.

• Using challenges as a motivator requires constantly being in touch with yourself and your strengths.  Self-validation provides the impetus to stay engaged.  When others challenge you, use your prior successes as a source of strength.

Wallace, R. (2000), Soul Food 52 Principles for Black Entrepreneurial Success, New York: Perseus Publishing    

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