As millennials are permeating the world of business, many are finding themselves drawn to entrepreneurship. While being your own boss and pursuing your passions may be exciting, exhilarating and inspiring, entrepreneurship is not for the faint of heart. If you want to succeed, here are 4 essential lessons that will increase your odds and improve your outcomes.

1. Give it 100%

The entrepreneurial lifestyle requires a staunch and wholehearted commitment; however, there are also big risks involved in going out on your own, pursuing this adventure. A mistake that many make in millennial entrepreneurship is to only dip their toes into the field, instead of diving right in. If you want to achieve success, you need to give it 100% of your effort and go all in.

2. Embrace Creativity and Innovation

The key to millennial entrepreneurship is finding a problem or issue and then creating a solution. Your solution not only needs to address the problem, but it also needs to do so in the most efficient, effective and creative way possible. Successful entrepreneurs are those who can embrace their most creative, innovative and brilliant selves when problem-solving.

3. Stop Focusing on Yourself

While most professionals want to have financial freedom and professional success, wanting to make a lot of money or become famous rarely leads to success. Achieving monetary and grandiose goals can only get you so far, but if you want to achieve true success as an entrepreneur, you will need to dig deeper. You need to find what motivates and inspires you and embrace that instead of the monetary and superficial results that will likely only leave you feeling empty. Not everyone will succeed in this field; however, a common thread among those who are failing is a lack of motivation and drive. Find what motivates and inspires you and always hold that close.

4. Embrace Your Community

While the millennial generation has typically embraced collaboration, this is less common in entrepreneurship. A common pitfall of millennial entrepreneurship is trying to do everything on your own. This is sure to lead you to disappointment, burnout and a wide array of other negative outcomes. Instead of trying to forge your path all on your own, bring in others in your community and life to support, collaborate and lift you up when times get hard.

While this next generation of entrepreneurs is finding opportunities to come into their own, there are important lessons to be learned from generations before. Millennials have the vast and wondrous capacity to change the world and make it a better place; however, they will need to take the necessary time to learn, reflect and embrace the lessons of those who came before them.