One
of the defining attributes of entrepreneurship is the ability to spot an
opportunity and imagine something where others haven't. When you set out
to become an entrepreneur it will require you to set very clear goals along the
way and the zeal and determination to achieve these goals should be the driving
force for self motivation to propel your ideas into reality. A successful
entrepreneur focuses on the finish line and the end reward. For
a would-be entrepreneur having a
vision is a starting point, it gives you a clear picture of what
you are up against.
2.
BE
HIGHLY MOTIVATED
Entrepreneurs
that have a high level of confidence are able to get the job done even under
the most stressful conditions. They understand that big challenges breed big
rewards. What you get out of your business in the form of personal
satisfaction, financial gain, stability and enjoyment will be the sum of what
you put into your business. Successful people are passionate about their ideas
that drive toward these ultimate goals, self motivated and adapt well to
changes.
3.
TAKE
RISKS
Successful
entrepreneurs are risk takers who have all gotten over one very significant
hurdle: they are not afraid of failure. That's not to say that they
rush in with reckless abandon. In fact, entrepreneurs are often
successful because they are calculating and able to make the best decisions in
even the worst of cases. However, they also accept that, even if they
make the best decision possible, things don't always go according to plan and
may fail anyhow. If you've heard the old adage, "nothing ventured, nothing
gained," that's exactly what its saying: do not be afraid to fail, put it
out there and give it your best shot.
4.
BE PATIENT
Patience is one of the key
components you must have if
you desire to produce a life of freedom, self worth and stability.
Dr. Jeffrey R. Cornwall says “The
ability to start a new business does not make an entrepreneur successful. In
many ways starting the business is one of the easiest parts of the
entrepreneurial process. Building and growing it into a sustainable venture is the
hard part. But, it is also what determines true entrepreneurial success”. Financial
success does not come quickly for most entrepreneurs; it is built over
successive deals over many years. Patience and persistence goes hand in hand to
build a successful business.
5. BE COMPETITIVE
Being
competitive clearly defines your distinctive selling offer. This is nothing
more than a fancy way of asking the very important question, "Why will
people choose to do business with you or purchase your product or service
instead of doing business with a competitor and buying his product or
service?" In other words, what one aspect or combination of aspects is
going to separate your business from your competition? Will it be better
service, a longer warranty, better selection, lowest price, personalized
service, better customer service, better return or a combination of several of
these? Giving the right answers to these questions sets you on the right part
and gives you an idea of how to better promote your business.
6. NETWORK
A
large collection of business cards and a huge contact list doesn’t make you an
expert at networking. Building value-based relationships that are truly
meaningful is what networking is all about. These are the relationships that
lead to business opportunities and long-term relationships that are mutually
beneficial.
7.
INVEST
IN YOURSELF
Successful
entrepreneurs are typically strong personalities overall, the best have learned
that there's always a lesson to be learned. They are rarely afraid to ask
questions when it means the answers will provide them insight they can then
leverage to effect. They always go out of their way for new insights, because
to them innovations allow you to convert ideas into goods and services. Do more
,learn more and put your ideas to positive use for humanity.