WHAT IT TAKES TO BE A SUCCESSFUL ENTREPRENEUR: A GUIDE TO BEING YOUR OWN BOSS
Most people aspire to become an entrepreneur. Creating your own career without having to work under someone would sound attractive to anybody. However, the drive alone is not enough and starting a business is not easy. The hours are long, sacrifices are great and you are assaulted with new problems and challenges every day with seemingly no end. And if you don’t have the constitution to weather these things, your business could implode on you quicker than it started.
So what is it that makes some entrepreneurs really successful? Strangely, there are a number of common characteristics that are shared by successful businesspeople that may help us to answer this question.
A Clear Vision
Successful entrepreneurs can visualize how they want their future to unfold. They hold a clear picture of what direction they want their company to take and possess a plan to guide it from commencement to realization. Just like Steve Jobs, one of the foremost entrepreneurs of our time; the thing that was unique about him was ability to set the trends of the future.
An Unwavering Passion
Passion is the most important trait of a successful entrepreneur. They genuinely love their work. They are willing to put in those extra hours to make the business succeed because there is a joy their business gives which goes beyond the money. The successful entrepreneur will always be reading and researching ways to make the business better.
The entrepreneur does not ask questions about whether they can succeed or whether they are worthy of success. They are supremely confident about their prospects. The best entrepreneurs believe they can define their own future and use this self-assurance to persuade people to tie their fortunes to theirs.
It is absolutely imperative that every entrepreneur demonstrate the determination and resolve to stick with an idea when they believe in it. Undoubtedly, all business ventures will suffer setbacks and, like the team captain, the entrepreneur is expected to push on to victory.
Determination coupled with a high pain tolerance is what is expected from a man with a new start-up. Entrepreneurs are people who are able and willing to learn from their mistakes – to get knocked down repeatedly, get up, dust themselves off, and move forward with renewed motivation.
The most successful entrepreneurs never forget how much they can learn from others. They ask for advice. They’re flexible. They soak up the best practices around them like a sponge. Fear of failure may make it easy to grip onto their vision with an iron fist, but they know rigidity won’t serve them.
The desire to be an expert
Entrepreneurs like challenges. If they didn’t, they’d probably have chosen another line of work. But as exciting as it is to consider a new field, high-achieving entrepreneurs know the benefits of staying in the same industry for a while are immense. They understand that when one spends years in the same industry, he can learn its history. Knowing what’s been done before can help identify how it can and should move forward.
A forward-looking approach
Successful entrepreneurs are always thinking ahead. They may stray from their roadmap, and that’s okay, but they have one in mind. Having a clearly established set of goals will keeps them from getting stuck.
Strong people skills
The entrepreneur has strong communication skills to sell the product and motivate employees. Most successful entrepreneurs know how to motivate their employees so the business grows overall. They are very good at highlighting the benefits of any situation and coaching others to their success.
Strong work ethics
The successful entrepreneur will often be the first person to arrive at the office and the last one to leave. They will come in on their days off to make sure that an outcome meets their expectations. Their mind is constantly on their work, whether they are in or out of the workplace.
A constant flow of ideas
Having one project that’s doing well is great. But the successful entrepreneurs don’t rest on their successes. Instead, they’re constantly asking themselves, “What’s next?” They understand that being a successful entrepreneur is a lifestyle choice, not a destination.