The path to success in business and life is filled with so many hurdles and trials. We are faced with situations that test us, wanting us to prove ourselves in the battle of life.

When these hurdles come at us, do we give up or stay strong? How do we continue moving even when there is no strength to keep moving? Do we change course or stay on course?

Rahul Saggu is the COO of ModernDay Cannabis, equipped with years of experience in mortgage and commercial lending. Rahul lost his father when he was 24, and forced to go through most of his adulthood with his father. Rahul says that whenever tough situations hit him, he asks himself, ‘what would my father have done in this situation?”

Young entrepreneurs are faced with tough situations that make them question the validity of their business ideas. The statistics show  – quite unflatteringly – that many businesses end a few years after they are started.

‘While the statistics don’t look encouraging, there are lessons young entrepreneurs can learn from these failures: Have a clear vision with the right team around you; it helps make the journey less tiring,” Rahul advises.

Does it mean that those businesses that failed were visionless? 

No, they were not visionless. Maybe some were, but others had a vision. However, the problem was that many of these businesses lost sight of the vision of the business and lost steam along the way. The idea wasn’t solid, the team wasn’t good enough, financial projections were not looking good etc. There are a myriad of reasons why businesses fail. 

However, to stay afloat in the ever-competitive business world, Rahul feels that entrepreneurs need to keep the vision before them and be able to solve a big problem. A company’s vision is more than the ‘vision statement’; it is why an entrepreneur started the business. A vision encompasses the company’s core values and ethos.

Because of the hurdles that will come to every business, every successful venture must have a vision board. A vision board is a board where the enterprise’s visions are clearly stated and defined—the vision board highlights where the company seeks to get to in the future.  

Regularly checking the vision board strengthens an entrepreneur to keep pushing amidst high and rough storms. The vision is the internal motivation that continues to buoy the entrepreneur.

Rahul says that his father’s lessons on hard work were interlaced with thoughts and visions on staying with the vision. Rahul works out everyday and is always looking to expand his businesses and get into new ventures that align with his vision/goals.

To follow Rahul Saggu‘s journey and get first-hand info, click his covers on Instagram, LinkedIn and Facebook today!