Growing up and while in college(Secondary school), I used to be a good economics student and we were thought that “there are four major factors of production”. These factors are; Land, Capital labour and Entrepreneur. One of these stands out and that is “the entrepreneur”. The entrepreneur just like labour is human(although machines are rapidly replacing human labours now). Also, an entrepreneur is credited with risk-taking, harmonising, organising, and synthesising all other factors of production. Now, enough of this preamble, today we shall be acquainting ourselves with 7 Entrepreneurial success qualities.
The world around us is changing so rapidly, and every time you can not help but think about. It is relatively easy to start up a business be it online or offline, however, it requires great efforts to keep growing and expanding such business. Most recently, I wondered why someone, no matter what, continues to go forward – And someone else breaks down and stops moving.
Entrepreneurial success qualities: What separates a successful entrepreneur from the less successful Ones?
By success, we mean the ability to overcome the challenge and continue to move forward. No matter what. It also means, the ability to grow “over an” accumulate experience and problem-solving.
7 Entrepreneurial success qualities that are recommended for all Entrepreneurs
1.The ability to reflect on your experiences and draw conclusions
At the start of your business career, give yourself time to just be alone, to think about what to produce or whatnot. When you first start a business, let’s say for example you are into sales and installation of plastic windows. You may want to work from 7 in the morning until night. And this could go on for months without the need to rest.
Don’t be surprised to see that despite your tireless efforts, you can suddenly stop selling. Please don’t allow it to get to this point before you go back and evaluate what happened.
Sincerely, you need to give yourself room to analyze and think. Everyone makes mistakes. The question is not whether you are wrong or not, but rather what you do with lessons learned.
If you go over and over again to do the same steps – all in vain. But if suddenly you can not change the pattern of behavior and start doing anything differently – you’ll get a great success.
Many people do not give themselves room to stop and reflect on the mistakes. But the great masters say that it is in such moments that you need come to your “teacher”. that allows your potential to open up.
2. Continuous development is another essential entrepreneurial success quality
Especially relevant is the need to keep developing yourself. Go for a professional course and career seminar/workshops.
Continuous career development can put you in a position to detect the financial difficulties associated with any project. It may be that a project that resulted in also ought to have been financed from borrowed funds. You may even realise that the failure of the project was also due to the betrayal on the part of partners and team conflicts with customers, and finally, the collapse of illusions about the unique business ideas.
Lacking in such knowledge and experiences may cost you tens of millions of dollars. You must come to the understanding that, the only thing that matters in all these situations is development. Moreover, continuous development.
Have the conviction that professionalism needs to be given the highest value. Although this might not be the most important thing. There are many examples where a great entrepreneur of his time did not finish even the university. A good example is Steve Jobs(former and Late Apple CEO)
Thinking is formed in the process of meeting with another crisis. Through a set of diverse experiences.
The most unexpected discoveries in business happens in those moments when you cook the soup or hammer a nail into the wall.Or buried in the wall of despair of what is happening, you think about the eternal.
Masters of their crafts are without exaggeration, go for training regularly. I mean like every 2 to 3 months. What for? Because they prioritise development. And I also choose to develop myself Every time. Every minute of my life.
3. Curiosity and “how to behave like a child in business”
And it is better to call it quality or irresistible desire to live. Try all tastes to understand how it works. Well, at least try to do it. Do you know how to behave like a little child, when he wants to look into some issue? And how long have you tried something to be interested as well?
For example, let’s assume you are working in consulting and education. The first projects involved in marketing, in which you played the role of a project manager. Now, you knew very little, but you knew how to ask the right questions and listen carefully. This is enough to save you very often
The brain of a successful entrepreneur is arranged in such a way that it is constantly exploring unknown corners of the universe.
Adopt the genuine curiosity and tenacity, inherent only in a child. This instinct discoverer lives inside a child and doesn’t give him rest.
4. Entrepreneurial success qualities: You need to be Creative
Look into a situation and realise: it was important to know what will be after me that I can improve in this life. You need to do things differently in order to make things better. The same goal, different approaches.
The desire to make the world better – this is one of the basic differences between a successful entrepreneur.
Create additional value, improve in the best possible ways. Try to invent a new product. Create or develop a new idea.
Such people are never motivated by money as an end in itself they get motivated as a means to an end. Yes, they are a reflection of the success and the measure of the contribution to society. But no successful entrepreneur does not begin to move without a great purpose, mission or Vision.
Think of Steve Jobs, who wanted to deliver a personal computer in every home. Or Elon Musk, who believes that we – human beings, multiplanet-person and can live on Mars and Earth at the same time.
5. Focus on results and your goals
Dreams and ego may have already been destroyed, not only that, maybe there is no money, and the debt was such that you could not pay back. Partners are already threatening with lawsuits and to compound things, you lack food in the refrigerator.
And then it came a time when you had to ask yourself do you really want to continue? Or maybe, it’s time to get a stable job?
At such moments you need uncompromising and total rigidity in the focus on your dream. I’m not talking about the fact that we need to die to achieve a particular purpose. I’m talking about the fact that, despite the difficulties, every time you need to get up and keep going to the dream if it’s worth it.
6. One of the Entrepreneurial success qualities is the ability to control your own energy
Occasionally, the number of jobs may begin to exceed the number of hours in a day. Also, maybe, the number of resources is still limited. Apparently, the business has grown, and with it grew your needs. You want a family, children, a good figure and so on.
Professional responsibility of a successful entrepreneur is the need to think about how to manage their own health, relationship with spouse, children, their implementation, and many other areas of life.
The key words here are- awareness and discipline,
Investing in yourself and in a control – a way of thinking businessman, able to become a champion today.
7. Believe in yourself, in your strength and total confidence in life
Last but not the least on the Entrepreneurial success qualities is the need to believe in yourself. Belief in yourself so that you can inspire and illuminate this light in others.
Questions successful entrepreneurs ask themselves: Can I give you?
Here’s a quick checklist on the way to yourself of your success.
Ask yourself these questions every time:
- What a valuable experience can I learn from this situation? What is he/she trying to teach me? What can I do next time in a different way?
- What can I do in the near future for the development of my business? Where to invest?
- Do I like what I’m doing, really? Am I curious? If not, what needs to be done in order to again become interesting? What to bring or take away?
- Do I know this work? That I am doing? And if you still do not know the answer, it’s time to find it. Right now.
- What helps me to focus on the goals? What are my tools? What is necessary to bring me into life, to continue to move forward?
- What tools do I use to manage my own energy? What and where do I need to urgent change?
- What about my faith? What or who can help and support me in difficult times?