By: Joshua Finley
Navigating the path to success in entrepreneurship can often feel daunting. For Peter Deralas, founder of Global Product Sourcing, the key to unlocking his full potential lay not only in hard work and determination but also in the guidance and wisdom of mentors.
Deralas began his career in business within the walls of his family’s enterprise. Immersed in the operations from a young age, he learned invaluable lessons, laying the groundwork for his future endeavors. “I learned so much from working with my grandfather,” he shares. Managing everything from caravan chassis to overall operations, Deralas honed his managerial skills and developed a keen business savvy that would later shape his entrepreneurial path.
Venturing into New Horizons
Transitioning from his family business, Deralas founded Global Product Sourcing, a venture specializing in sourcing top-quality products and facilitating seamless shipping for clients worldwide. Based in Melbourne, Australia, his company exemplifies his commitment to excellence and innovation. Yet, amidst the hustle and bustle of entrepreneurship, Deralas emphasizes a crucial component of his success – mentorship.
Reflecting on his entrepreneurial journey, Deralas credits mentorship as an important element in achieving his success. He shares, “Yes, you can do it somewhat on your own, but it’ll take 10x longer.” Drawing from his own experiences, Deralas advocates for working smarter, not harder, and emphasizes the value of learning from those who have tread the path before.
Additional Insights for Entrepreneurial Growth
As a young entrepreneur, Deralas has faced his fair share of challenges along the way. In addition to seeking mentorship, he offers three key tips for navigating the ups and downs of the entrepreneurial experience.
Focus Your Effort in the Right Place
Deralas stresses the importance of focusing efforts on endeavors that yield substantial returns. “Don’t put 100% effort into something that will give you a 2% return,” he advises. Whether it’s selecting the right mentor or pursuing new business opportunities, Deralas advocates for strategic allocation of time and resources to maximize productivity and success.
Overcoming Challenges Through Personal Growth
Deralas’s business experience has been marked by personal growth and resilience. Reflecting on the fear of judgment that often inhibits individuals from pursuing their goals, he shares his perspective on listening to outside opinions. “It’s the fear of judgment, the fear of failing, that often holds people back,” he says. Yet, Deralas emphasizes the importance of overcoming these fears and staying true to one’s vision, regardless of external noise.
Building a Supportive Network
In addition to mentorship, Deralas advocates for cultivating a supportive network of like-minded individuals. “The people you spend time with significantly impact your life,” he shares. “It’s important to surround yourself with people who inspire and challenge you.” This intentionality creates an environment conducive to success.
Consider Mentorship for Yourself
As Peter Deralas’ experience exemplifies, the guidance and wisdom of mentors can easily make or break an entrepreneur’s success. If you want to be empowered in your entrepreneurial journey, consider finding a mentor who can lead and advise you along the way.
Learn more about Peter and connect with him via LinkedIn.
Published by: Khy Talara
