Taking leap of faith needed for successful entrepreneurs

Published: Monday, July 9 2012 8:00 p.m. MDT

When I look back on my own entrepreneurial experiences, I note that my hope to build a business I could call my own began in my youth. I was fortunate to watch and learn from talented business leaders who planted in my heart a desire to be an entrepreneur. I liked the idea of being my own boss, of not having to report to someone else. I could see value in providing employment for people and that I could be a leader in the community. I believed I could create wealth for myself and others. I could see that if I were to be successful there would be opportunities to help my fellow citizens through philanthropy. These outcomes were appealing, even compelling to me.

The seed of faith given to me by others grew within me. I knew there would be a time when I would act and follow my dreams to develop and run exceptional businesses. So, many years ago, never having started a business before, I took a leap of faith and began to experiment on ideas that I hoped would ultimately have commercial value. The first try was a success, and then there were four failures in a row. Five more start-ups have followed which as of today are all thriving. I learned that faith inspires and, yes, motivates us to act. I also found that faith is just the first step in a long journey, not the final destination. There is much to be done between an epiphany and triumph.

High-flying entrepreneurs have an abundance of faith. They believe they can succeed at any endeavor. Are you a business builder? Are you ready to take a leap of faith and launch your first business? Do you believe you can accomplish something you have never done before? If the answers are yes, my advice to you is start your journey now and be grateful for the spark that ignited your action to move forward.

Alan E. Hall is a co-founding managing director of Mercato Partners, a regionally focused growth capital investment firm. He founded Grow Utah Ventures, is the founder of MarketStar Corp. and is the chairman of the Utah Technology Council.

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