Can't find the perfect font for your logo?
Get hundreds of logo designs in under 5 minutes by completing 5 easy steps
  • 1 Choose some designs that you like
  • 2 Choose your colors
  • 3 Add your company name
  • 4 Pick some icons
  • 5 Download your logo

Give it a try:

Nothing Builds Your Character More Than Entrepreneurship

Avatar by Alice Jackson Tweet - in Webinar - [wtr-time]


Last updated on November 28th, 2020

Do not build to sell but build to create something. That is the right approach to establish a successful enterprise. Unfortunately, most new business owners do not adhere to this practice. They aspire to make it big in their field in quick time, compelling them to take short routes. But that seldom works. So, they ultimately end-up closing their shops, and possibly with debts.

A majority of new entrepreneurs need to rethink over the mistakes they or others from their fraternity made and learn the lessons. To help them get an insight into what the right approach is, Designhill — a top-notch platform for designers and design seekers stepped in. The marketplace has started a new webinar series on different business-related topics. So far, hundreds of attendees from varied business backgrounds have benefited from the webinar.

Recently, on June 12, the webinar was organized on the topic – How to Finance Your Business. To educate people on how to secure finance, Designhill invited noted business management expert Ron Malhotra as the guest speaker.

Ron is the Managing Director of Maple Tree Wealth Management and the founder of The Successful Male. An award-winning wealth planner, author, influencer, and global speaker on wealth creation, he is today globally recognized speaker on business-related issues.

During the webinar, Ron Malhotra touched many of the issues that new entrepreneurs confront. Most of them do not know their steps well. Ron draws them out of their dilemma by making the concepts clear to them.

Check Out The Webinar Video

We decided to excerpt that part of the webinar where Ron is elaborating on why business is all about psychology and character.

Here Is What Ron Malhotra Has To Advise The New Entrepreneurs

01. Stop Blaming Others And Take Responsibility

One of the primary traits that I know is that you got to take a hundred percent responsibility for everything that happens. If your employees steal, if your product does not work, and so on, you are responsible for everything.

Take Responsibility

Another thing to note here is that anytime you find yourself blaming somebody or holding someone responsible, you are starting to weaken yourself as an entrepreneur. So, even if you are not at fault, you have to take a hundred percent responsibility.

02. Know The Psychology Of Business

The other thing with finance is that statistics tell us that every hundred people that pitched to angel investors, capitalists or private equity investors, only two get funding. I have been on both sides of the fence. I have acquired and provided financing. So, I will tell from my experience. Here is what I believe.

First, you need to understand the psychology of business. Entrepreneurs have to be extremely resilience. The number one trait you should have as an entrepreneur is you have got to embrace uncertainty. This is because there is no uncertainty in business. It is just a lifestyle. Being an employee is a bit like going a merry go round while being an entrepreneur is a bit like going on a roller coaster. And, the roller coasters do not stop.

Psychology Of Business

Just like that, if you are a true entrepreneur, you will never stop. If you start to make a lot of money, you will not stop because you want to build something next. So, entrepreneurs are not really driven by money but by the desire to create something.

Looking For a Business Card Design?

We have helped thousands of business owners from all around the world with their graphic design needs such as a logo design, website design, social media posts, banner design and much more.
Get Your Business Card DesignGet a Free Quote

03. Two Types Of Entrepreneurs

There are two types of entrepreneurs — the ones that build to sell and the others who love the whole practice of actually making something. So, some guys want to get to the top of the mount, and they do not care how they reach to the top. Then, some love to climb the mountain because it builds character. I can tell you nothing develops your personality more than entrepreneurship. It will test you.

So, the first thing is psychology. Once you get psychology right, you get to know what you want. I can’t even tell you how many business people know what they want. They are opportunistic. They just go after a fad and trend that are happening here or there. I am going to jump on Shopify, I am going to jump on Amazon, but they actually do not have any goals.

Types Of Entrepreneurs

A problem with not having goals is that from a psychological perspective, you are not going to have motivation and inspiration to sustain yourself. So, you should have goals.

04. Goals And Objectives

But there is a difference between goals and objectives. Goals are kind of high levels while objectives have a dollar value and time value attached to it. Therefore, you got to take your goals and extract some specific objectives out of it.

goals and objectives

05. Planning

Another significant issue is the plan. I have seen it time and again that people are not planning in business. They do not like to schedule. They do not actually sit down and think. They just want to believe in many cases. Now, you need to think and do. If you over think, you will go to procrastination. If you do too much, you are going to get disastrous outcomes. So, the art of blending, planning, and doing is where the magic happens.


06. Strategy

Then, there is a strategic aspect. This is basically to sit back and know what my broad strategy is. What is my long term perspective? What do I really want? Only then you are going to the tactics part.

Now, what I have experienced is that a lot of inexperienced entrepreneurs will start with tactics. They want someone to teach them how to get Facebook ads, teach me how to get money from investors. They completely missed everything else. They think that they can bypass the steps and go straight to the top.


Well, talking of myself, I used to be one of those guys as well. I used to think that my idea is better than the others. Then, if you tell me quickly what to do here, I will work everything out. I never worked. I failed, and I had too many setbacks because I did not have the foundations.

So, it is like you are building a house and ask somebody which bathroom tiles I should get. Then, they say but have you got the architect to look at your plan first, have you got the foundations. Why are you talking about the bathroom tiles at this stage? This is precisely how most people think in business. That is why they fail. It reflects in their business failure. Their quality of thinking is not up to mark.

07. Know The Landscape

You should know the landscape you are playing in. If I do not give you the context, then it is like playing baseball or cricket and not knowing the rules of the game. So, it does not matter how good a batsman you are, if you do not understand the rules, you will still fail. That is the reason that you need to understand the landscape in which you are operating. This is exactly the reason I give context before giving the content.

Know The Landscape

These were the essential tips that Ron Malhotra came out with for the benefit of the new entrepreneurs.

We hope that they can now rectify their mistakes to move ahead in the business world with confidence.

Designhill is helping business owners by organizing webinars on current entrepreneurial issues and inviting experts to speak to the audience directly. The marketplace offers design solutions to enterprises to build their visual identities with logos, business cards, websites, etc. This is the platform to source your unique design requirements at the right price.

Are You Looking for a New Graphic Designer?If Yes, Call Us on +1-855-699-2851 [times for calling 9am to 6pm EST (US)] or Register for a Free Design Consultation

Wrapping Up

Ron Malhotra, a well-known influencer and motivational speaker, advises new entrepreneurs to take responsibility for whatever happens in their company and rectify it. They should know the psychology of business. It is also essential to understand the difference between goals and objectives as well as planning and strategy. Most importantly, new entrepreneurs should also know the rules of the game.

Get Your Business Card Design


Alice Jackson is a business consultant, blogger, social media enthusiast, online market analyst, amateur designer and an avid author at Designhill. She has written on several topics including social media marketing, SEO, content marketing, startup strategies and e-commerce. When she’s not writing, she loves spending her time reading romantic novels, Connect with her on Twitter: @jackson_alice1



Need a Logo?
A powerful logo can give a company easy recognition. Create your unique business logo using our AI powered logo maker tool. Or, hire a designer to get your logo.
Best for when you want a logo in minutes. Our Artificial Intelligence powered logo maker creates dozens of unique designs in minutes. You can also edit colors, texts, icons and elements.
  • Uses power of AI & Machine Learning
  • Uses library of more than 10,000 fonts and 1M+ icons
  • No design experience required
  • Pricing starts at $20 but you pay only when you find a design you love.
Best for when you want to crowdsource ideas. Multiple designers submit entries for you to rate and review before you award a winner.
  • Fixed price packages starting from $199
  • Hand crafted designs from World-class designers
  • Dozens of concepts to pick from
  • Get 50+ designs in 7 days
  • 100% money back guarantee
Best for when you want to work with a single designer only. Explore the range of creative services offered by our highly talented designers.
  • Work with a single designer
  • Hand crafted designs from World-class designers
  • Options within all price ranges
  • Flexible turnaround time
  • Multiple revisions