How do you know whether you can be a successful entrepreneur or if you are better off as a salaried employee?
While there is no surefire formula for success, studies have shown that successful entrepreneurs share the following characteristics.
While there is no surefire formula for success, studies have shown that successful entrepreneurs share the following characteristics.
Think success:
To attain the kind of success that you want, you need to dream big.
Every success story starts with big dreams. You need to have big dreams for yourself which you want to be somebody rich, famous or fulfilled.
Every success story starts with big dreams. You need to have big dreams for yourself which you want to be somebody rich, famous or fulfilled.
You need to have a clear vision of what you want to achieve. But it doesn't stop in dreaming alone. You should actively visualise success in your mind that you can almost feel it, touch it or it is within your reach. Play this image back at every opportunity.
What does it feel to triple your current income?
How will your life change?
What will your business look like if you achieved the million-dollar mark?
Successful entrepreneurs possess an attitude of openness and faith that one can have.
Be passionate with what you do:
You start a business to change any or all part of your life. To attain this change, you need to develop or uncover an intense, personal passion to change the way things are and to live life to the fullest. Success comes easily if you love what you do.
If you hate your job right now, do you think you will ever be successful? Not in a million years! Entrepreneurs who succeed do not mind the fact that they are putting in 15 or 18 hours a day to their business because they absolutely love what they do.
Success in business is all about patience and hard work, which can only be attained if you are passionate and crazy with your tasks and activities.
Focus on your strengths :
Let's face it, you cannot be everything to everybody.Each of us has our own strengths and weaknesses.
To be effective, you need to identify your strengths and concentrate on it.
To be effective, you need to identify your strengths and concentrate on it.
Never consider the possibility of failure :
As an entrepreneur, you need to fully believe in your goals, and that you can do it. Think that what you are doing will contribute to the betterment of your environment and your personal self.
You should have a strong faith in your idea, your capabilities and yourself. You must believe beyond a shadow of a doubt that you have the ability to recognise and fulfill them. The more you can develop faith in your ability to achieve your goals, the more rapidly you can attain it.
Plan accordingly :
To achieve your vision, you need to have concrete goals that will provide the stepping-stone towards your ultimate vision.
Put your goals in writing, not doing so just makes them as intangible fantasies.
Work hard :
Every successful entrepreneur works hard, hard and hard. No one achieves success just by sitting and staring at the wall every single day. Ask any successful businessperson and they will tell you immediately that they had to work more than 60 hours per week at the start of their businesses. Be prepared to say goodbye to after-office drinks every day, or a regular weekend get-away trip.
Constantly Look for Ways to Network :
In business, you are judged by the company you keep from your management team, board of directors, and strategic partners. Businesses always need assistance, more so small businesses. Maybe the lady you met in a trade association meeting can help you secure funding, or the gentleman at a conference can provide you with management advise.
Willingness to Learn :
You do not need to be a MBA degree holder or PhD to succeed in your own business. In fact, there are a lot of entrepreneurs who did not even finish secondary education. Studies show that most self-made millionaires have average intelligence. To succeed, you must be willing to ask questions, remain curious, interested and open to new knowledge.
Persevere and have faith : You must learn to pick yourself up and start all over again. Your persistence is the measure of the belief in yourself. Remember, if you persevere, nothing can stop you.
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