📺 Stream EntrepreneurTV for Free 📺

3 Ways to Harness the Inner Child in Every Entrepreneur The adult perspective will take you only so far when you're doing something as improbable as building a business from your dream.

By Phil Tee Edited by Dan Bova

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

I've had the good fortune of starting several companies, both in the United States and England, building them from product concept to market expansion to successful exit. In my experience, business acumen, gut feeling and luck only get you so far on the entrepreneurial journey. The rest requires a steely ability to weather the ups and downs of building a company, whilst continuing to keep all of your colleagues happy and focused.

The secret to pulling this off? Release your inner child!

Within the scientific community, a valuable approach to problem solving is to "play" with the problem, as opposed to going straight for the answer. Child-like curiosity is positively encouraged. Always question the rationale of conventional wisdom. Embrace and learn from child-like frustration. Be willing to take those "first steps" down new avenues. By adopting these seemingly youthful approaches and traits, I have gained critical insight and solved a number of technical and business challenges.

Related: Recognizing Opportunity is the First Step to an Entrepreneurial Mindset

Like a child with a new toy.

Just like a child with a new toy, you need to capture this obsessive enthusiasm and put it into your own start up or idea. Particularly when starting your business, the more controlled and adult approach where everything is measured in time, and you must find a balance between work and life, will lower the chances of success.

Be prepared to never stop playing with your idea. Do not stop thinking about it just because the clock dictates it's time to head home.

Youthful optimism.

In the start up world, "fail fast" and "iterate quickly" are viewed as positive attributes of successful entrepreneurs. This goes against what is expected of adults. We are encouraged to stick with a problem and keep going, and maintain that "stiff upper lip," because failure is not an option. Children are not so hung up on failure. The fact something does not work means they are open to finding a different solution. Their curiosity may actually be piqued by failure to get the thing working straight away.

Related: Fight Early and Fail Fast: 15 Business Lessons in 15 Years

Embrace child-like frustration.

Remember, when you were a child, how frustrating and upsetting it was when you didn't get your way? Embrace this approach, and mourn your failures and setbacks. Pick it to pieces, be willing to stomp your foot, and complain about how unfair it is, because this gives you the energy and analysis to repair the mistake. As adults, we are too quick to move on, hiding our failures as embarrassments to be swept under the floorboards.

If you need any further encouragement, Steve Jobs, unquestionably one of the most astute business minds of the technology revolution, was famously susceptible to emotional outbursts and tantrums.

It would be naive not to point out that you also need business acumen. Consequently, in every book shop, library and throughout the Internet there is some expert willing to give you tried-and-tested approaches.

Fellow entrepreneurs and I also endorse a degree of tenacity, perseverance and luck. I am also not alone in the recommending the principles stated above. As Pablo Picasso once said, "All children are artists. The problem is how to remain an artist once he grows up." Harnessing a degree of your inner child will go some way to illuminating the route toward becoming a successful entrepreneur.

Related: To MBA or Not to MBA

Phil Tee

Chairman and CEO of Moogsoft

Phil Tee is Chairman and CEO of Moogsoft. He is a serial innovator in the IT incident management space and co-founded Omnibus Transport Technologies Limited (now IBM Tivoli Netcool),  Riversoft, Njini (acquired by Riverbed) and Promethyan.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Science & Technology

Brand New GPT-4o Revealed: 3 Mind Blowing Updates and 3 Unexpected Challenges for Entrepreneurs

Unveiling OpenAI's GPT-4.0: The latest AI with vision, auditory, and emotional intelligence abilities is revolutionizing industries. How will it affect your business?

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Business Culture

Hybrid Work Is Failing Your Employees — Here's Why (and What You Can Do About It)

Business leaders are trying to choose between in-person and remote work. This leads to hybrid, which just isn't effective. Here's why.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.