Entrepreneurs Rules For Success
Just what is it that separates all these ultra-high networth people from us mere mortals is a question we ask ourselves every time we hear stats about Bill Gates, Warren Buffets or Mark Cuban's wealth?
What is it they are doing differently that allows them to live a lifestyle that most of us will only ever be able to imagine in our wildest dreams. Or maybe there is some divine aspect to why they soar way above and beyond the rest of us?
Not so apparently. It seems that these individuals have developed over time, a unique set of habits and mindset, which, if applied consistently can potentially land you a spot-on Forbes Fortune 500 list.
So just what are they?
1.Entrepreneurs foremost are problem solvers. Every business that exists is providing a service that solves some sort of a problem otherwise it would not last very long. Before you quit your day, job and venture out, you first need to ask yourself what kind of problem are you trying to solve? What can I create of value and how do I want to change the world for the better.
2. This brings me on to my second point. Entrepreneurs need to be observant and listen to what people complain about or suggest. Are you constantly hearing people, friends or family complain about the same thing? Or they wish there was more of this, less of that? If so then you could be on to the next multi-million-pound invention
3. As an entrepreneur, you need to be resilient. As they say “the only certainty on your journey to success is failure” and you will encounter a lot of these before you reap the harvest. A good book to read is 'How they started' which gives an account of 30 businesses that seriously struggled to get traction but are now household names. Some entrepreneurs will launch 5 or maybe even 10 businesses that fail before they finally find one that takes flight.
4. One thing you're going to need lots of is patience. Some startups can take years before anyone really takes notice and this can be very frustrating since you are probably spending a lot of time and resources on your idea. Have realistic expectations and set yourself realistic time scales for your goals. Overnight successes are a myth.
5.Having a great work ethic is ultra-important. I came across a great quote which is on my Instagram page @afroforyou “You can't have a million-dollar dream with a minimum wage work ethic” Need I say more? You need to “work super hard” as PayPal founder and Tesla CEO Elon Musk is fond of saying. Are you prepared to get up earlier than everyone else and go to bed later? Can you soldier on when there is so much other things going on around you to distract from your dream? Remember, you are working hard today so tomorrow you can do what others can't.
6. Entrepreneurs never stop learning and have a huge appetite for upskilling. It enables them to stay up to date with new information which they can implement to make their services better. It's also essential that they stay open to new techniques, methodology and strategies so that they don't start lagging behind their competition.
7. Successful people need to be very driven and have to have a constant go-getter type of energy. Entrepreneurship can be a lonely path and even when you have friends or family that support what you do, ultimately, it's your commitment and perseverance that will be the decider between success or failure.