Entrepreneurs: What It Takes To Achieve Success in Entrepreneurship
Never forget that entrepreneurs are not born – they are created! Within you already lie the essential elements to be successful as an entrepreneur – and in anything in life – because you literally are capable of becoming and accomplishing anything. Remember though that an understanding of the principles below will certainly contribute to the accomplishment of your dreams and goals, but only if they are applied and acted upon continually. Perhaps most importantly, the attribute, characteristic, and action that will contribute most to your success is determining now to never quit. Despite the fears and doubts, the opinions or critiques of others, and the possible failures – success only comes to the individual who never quits.
Understand, however, that success was not achieved by simply knowing or even believing the principles below – it came from actually implementing the principles, taking action, and persisting until their goal or dream was realized.
1) Master-Mind Group: Successful entrepreneurs surround themselves with like-minded as well as more talented and brilliant individuals than themselves. They seek, listen to, and follow the advice, opinions, and experiences of others. They ensure that every idea, venture, and opportunity is critiqued, analyzed, watched over, and improved upon by those close individuals, associates, and friends in the master-mind group. They understand that developing and strengthening relationships and partnerships is absolutely vital to their success.
2) Step Back & Evaluate: They take time – often – to evaluate, think upon, critique, change, and improve what they are doing. Whether individually, or the business as a whole, they ensure that the goals, objectives, processes, business model, daily habits, revenue streams, work ethic, and relationships are adjusted accordingly, changed if necessary, and improved upon always.
3) Declare: Every entrepreneur starts out small, inexperienced, and unknown. Successful entrepreneurs understand this, but they certainly do not communicate it in their thoughts, words, or actions. In every setting and conversation, they declare what they will be (not necessarily what they currently are). They literally believe and practice the cliché: ‘fake it till you make it.’ Before and after they achieve success, they declare and portray themselves as being experienced, knowledgeable, effective, and successful.
4) Moments of Thinking: Every success in life, and especially in entrepreneurialism, starts as a thought or an idea. Because this is true, successful entrepreneurs make time to think. They specifically set time aside, and often, to allow their minds to ponder, reflect, analyze, create, wonder, and think. It is no wonder that during these times that ideas on how to improve their business are thought of, and occasionally new ideas and strokes of genius come.
5) Help to Produce: Similar to the concept of ‘give and receive,’ they take the initiative to help increase the profits for others, grow the business of others, and limit or make easier the work others will need to do. By so doing, these ‘others’ are naturally much more inclined to return the favor and help them do the same. Instead of thinking ‘how can I make money from this relationship or opportunity,’ rather they think, ‘how will they make money?’ This mentality and approach will always be rewarded, because others reciprocate it.
6) Informed Ignorance: Successful entrepreneurs are always staying up to date with the latest information, technology, laws, and developments within their industry. Likewise, they distinctly know and follow what their competition is doing, to ensure their own competitive advantage. At the same time, they ironically develop the ability of selective ignorance. They understand that certain information as well as listening to the news and critiques of others too often will halt their progress. They also are wise enough to realize that obtaining all the knowledge possible and following every new piece of information regarding their industry will never produce any result unless they take action. Being informed, developing selective ignorance abilities, and taking daily action is a large result of their incredible success.
7) Improve vs. Invent: Let’s be honest, the vast majority of inventions are thought of and created by scientists or engineers. Very rarely do successful entrepreneurs actually re-create the wheel – they only make it better. Developing a better but similar product, slightly changing a business model, improving customer service, or even doing what everyone else does with a different company name – this is the reality of most entrepreneurial ventures. Ideas and opportunities are everywhere – successful entrepreneurs look for and take advantage of them. And therein is the secret to their success – that it ultimately is not the business or idea that is all-important – it is the desire, belief, work ethic, and persistence of the entrepreneur that makes the venture a success, not necessarily the product.
8) Pen & Paper: Isn’t it ironic, considering all the essential elements discussed in this Entrepreneurial Success article series, that perhaps one of the greatest indicators of successful entrepreneurs is that they always carry a pen and small notepad with them. They realize that ideas come to their minds at random times, and they believe the Chinese proverb that says: “the faintest ink is more powerful than the greatest memory.” Their dreams, goals, and successes are dependent upon writing down and acting upon these ideas that often come to their mind. And yet, they also understand that having a pen and notepad and writing down the ideas as they come is not enough – they most importantly act upon and implement those ideas.
9) Time is a Friend: In relation to the point above, while they certainly write down and act upon their ideas, they are also wise enough to realize that after the excitement of a good idea dies down, that logic, practicality, and reason always set in. Thus, rather than rushing into anything, they collaborate with their master-mind group, analyze and ask questions before moving forward, test the market before investing time or money, and they allow time to determine whether the idea is good and will work or not. With that said, unlike the majority of people who have great ideas, they never allow the voices of fear and doubt to dictate their actions – because inevitably, during this time, those voices become very persuasive. If the idea, over time, is still good (or gets better), then they will completely commit to their decision to move forward, take action every day, believe in themselves and their idea, and never quit regardless of what temporary failures happen along the path.
10) Employee Assets: Without question, successful entrepreneurs understand that their greatest assets are their employees. Because of this, they treat their employees accordingly. Now don’t get me wrong, these entrepreneurs still demand that their employees work hard and be honest, they ensure relationships are appropriate and even hierarchical, and provide commission and bonus structures to incentivize ultimate performance. But, they also ensure that their employees are highly valued, appreciated, befriended, recognized, feel important, and that they are engaged, committed, informed, and feel as thought they are contributing to something great.
11) There is No Guarantee: Every entrepreneurial venture ever thought of or attempted has had absolutely no guarantee of success. Successful entrepreneurs realize this, but they choose to focus on the fact that there is also no guarantee that that their venture will fail. Perhaps another word for faith is optimism! The revered U.S. founding father, George Washington, had absolutely no guarantee for victory during perhaps the most important war of our modern day, the Revolutionary War. When all odds were against him, he still took a risk, desired freedom and independence, believed it was achievable, and then went to work every day to obtain it. He had faith and hope, but no guarantee. The victory only came after the attempt. When questioning whether now is the ‘right time’ to attempt your entrepreneurial venture, be wise enough to recognize that there never is a ‘right time’ – you just need to do it, in spite of the fact that there is no guarantee for victory.
12) Failures Feed: Successful entrepreneurs understand that failures breed progression, mistakes are lessons learned, weaknesses are potential strengths, and loses precede profits. Every failed attempt should be viewed as a successful step closer to the goal. Ironically, the majority of successes in life are usually accomplished after the individual determines to not give up when they experience failure.
13) It’s Up to You: Successful entrepreneurs never give excuses! While the majority complains that they don’t have the time, knowledge, or money to achieve their goals and dreams, these entrepreneurs make time, acquire the knowledge, and understand that you do not need money to make money. The only limitations in life are the ones we create and nourish in our own minds. In fact, as important as the master-mind group and other relationships are to these entrepreneurs, at the end of the day, they realize that their success is determined by them, and them alone. Their goals, dreams, and potential are determined and achieved not because of talents or brilliance, degrees or awards, race or gender, experience or from others – but because they personally desire success, believe it is possible, think big, take daily action, and do whatever it takes – giving no excuses.
To your entrepreneurial and life success!
This is part three (of three) in the Entrepreneurial Success article series. Contained within part one and two are 25 other essential entrepreneurial success attributes. To view the 40 essential entrepreneurial tips, visit my blog at: http://www.awakeyourpotential.com/
Matt is the founder of http://www.awakeyourpotential.com/ – a website focused on inspiring people to achieve their goals and dreams, live up to their full potential, and learn the secrets for success in anything. As a successful entrepreneur, Matt recently accomplished one of his dreams – to write a book! His book is entitled: “Great Games! 175 Games & Activities for Families, Groups, & Children.” To view the book and learn more, visit: http://www.greatgamesbook.com/
The Motivation Theory for Success
Looking for guaranteed success in life? You must trust the motivational theory. Learn this theory, trust it and apply it. You will definitely see a difference. There will be a positive energy development in you that would ultimately drive you to your destination. You will be more optimistic and happy to undertake your task. An enhancement of self esteem and confidence in you is also a result of following the motivational theory.
If you are serious about following the motivation theory in your life for achieving success, here are some important steps you must follow:
- Step 1: The driving force: vision
- Step 2: Define your goal: success
- Step 3: Action Steps: The plan.
Let us discuss the above mentioned steps in detail:
Step One:
- The driving force – Vision
Have you charged yourself up with self motivation? What is the force of motivation inside you? What makes you carry a task or play with full enthusiasm? What is the exact element that helps you to concentrate on a certain thing? Don’t get confused. If you want to know about your driving force, you need to sit quite, for a while, think deeply and answer some important questions. This will make you clear about certain forces that make you work towards your dream. Now, answer some of the questions given below:
- Are you really anxious about the idea of spending one whole day or full week at work in order to make efforts towards organizing a business meeting?
- Close your eyes and think about a great vacation you have recently had. How do you feel about it at present? Can you clearly recall vivid images of the water and sand in your mind?
Now as you picturize all the pictures related to your vacation vividly, you are practicing the skill of visualization related to motivation theory.
Step Two
- Defining your goal of success
This step can be referred to as the detailed version of the step one. Here, you tend to experience with other senses and motivate yourself to define the goal. Here, the goal is the ‘vacation’. You should use all your senses in order to progress towards the success goal. Keep on defining your success goal.
Visualize your organization as the top manufacturer or producer of ABC products. Now, this will make you experience the excitement of being the top producer of ABC products. Now, as your senses start feeling the success make note of what you actually observe. Answer the following questions:
- What tasks are you involved in?
- What position have you acquired in your company?
- Do you own an office at the best location in the city?
- Do you see yourself sitting with the other board of directors of the company?
The whole process of answering the questions, visualizing as well as experiencing the achievement of goals will actually define your overall vision of success. Make a note of all that you fee, see, the location you are at, the attire you are wearing and other people’s reaction towards you. The more detailed is your version, the better you would be able to define your goal. For instance, if you want to be famous, you cannot reach your goal until you define being ‘famous’.
Step Three
- The plan of action and your steps towards it
Once you have your vision of what success is to you, you can start working towards your goal.
For more Articles, News, Information, Advice, and Resources about Motivation and Self Help please visit GET AND STAY MOTIVATED and MOTIVATION TIPS and MEDITATION ADVICE
Opening and Operating a Bed & Breakfast in the 21st Century: Your Step-By-Step Guide to Inn Keeping Success with Professional Online Marketing Strategies
Product Description
Expanded and Revised Second Edition of a must have guidebook to success in the Bed and Breakfast Industry in the 21st Century. Great for aspiring, new or experienced innkeepers. This book covers innkeeping basics, but addresses the Internet topics in detail and helps the reader understand the steps necessary to successfully market a B&B on the Internet.
Your Motivational Intelligence Is a Core Element of Your Success!
Do you realize that each person on earth has a unique “motivational make-up”? Your motivation is as personal as your fingerprint, as ‘one-of-a-kind’ as your life experience, and as unique as your DNA. Knowing how to mobilize your motivation is the secret to peak performance. Using the latest findings in motivation and the brain sciences, you can learn to better understand and use your unique motivational abilities with extraordinary effect. You can do this in enjoyable ways that are both extremely productive and highly rewarding!
Most people have a very poor understanding of motivation and do a less than optimal job of creating and cultivating it to mobilize themselves and their wellspring of talents… Yet, motivation is at the very heart of one’s own success and happiness! Most people could be much more effective AND much happier using their natural, yet underdeveloped, Motivational Intelligence– if they only knew how!
Let’s look at two vital misunderstandings about Motivation:
Motivation is so often thought of as simply a force that is high or low. People think in terms of “I am really motivated” or “He is just not motivated” but this is really not the full picture. Motivation has a nature and a quality. The nature of motivation comes to light by asking questions like “Is your motivational energy aligned with your values and what is healthy and helpful for you?” Wanting to participate in cardiovascular activities like walking, or playing tennis is likely well aligned with your values about getting in shape or having fun, and thus ‘good quality’ motivation. Whereas, if your motivation bends towards things like over eating, or spending to the detriment of your budget for example, or other self-destructive behaviors– than your motivation has characteristics of ‘poor quality motivation’.
A second question that helps to illuminate the quality of your motivation would be “Is your motivation spurred on by positive energies such as the enjoyment of your work and an aspiration to do an excellent job? Or is your motivation primarily energized by the fear that, if you don’t do an excellent job, you will be in trouble with your manager, lose credibility, become unemployed? The later motivation may also be rife with resentment that you must do certain things. Motivation fueled by negative emotions leads to burnout and unproductive passive-aggressive behavior. We actually have considerable influence over the nature of our motivation and we can self-observe it as it forms and evolves – if we are properly tuned-in and perceptive. We can also shape our motivational abilities to our greater gain – if we possess the proper skills. Skills that are actually learnable and life impacting! This takes us to the second, broadly held misunderstanding of motivation.
Motivation is a functional capability of our brain – Motivation is actually a multi-dimensional process that is made up of many sub-processes that we naturally perform every hour of every day whether we realize it or not– though we often perform them with modest ability. Self-motivation or the understanding of your “Motivational Intelligence” is a combination of ability, intelligence, and a set of skills – not entirely unlike mathematical ability (Quantitative Intelligence) and mathematical skills (e.g. multiplication, and algebra). Excitingly, Motivational Intelligence can be developed like any other skill with proper practice – just as we develop leadership skills, golfing skills, the ability to play the piano, or to be a good parent. We can learn to be more effective at most things we do, with the right knowledge and practice. Increasing your Motivational Intelligence skills can dramatically affect your life!
It is both possible and highly achievable to attain greater motivation in both your work and your personal life enabling you to earn more money, be a better athlete, a more creative artist, or a even a successful leader – with a system we call “Motivational Mastery”. At Motivational IQ the Company, we teach our clients how to build and brilliantly use this internal ability to enhance their professional performances, push beyond their fears, focus on their priorities and better their lives, even helping to improve the lives of those they love, and having greater impact on the world around! Much can be achieved by cultivating extraordinary motivational skills that tap into a deeper understanding of the many factors that truly motivate you, mobilize your talents and strengths, and extend your abilities! With understanding, cultivation and practice a whole new world of previously un-realized motivational opportunities awaits! Find out more about our enjoyable and highly affordable, success building and achievement programs, designed to help you build more of your unique motivational power.
Blair Relf, Ph.D.is the leading expert in Motivational Intelligence – using it to dramatically improve performance. Dr. Relf’s web site at www.MotivationalIQ.com provides many free tools including interactive assessments that map out your motivational life in color, engaging MP3′s that help you increase your achievements, and an enlightening Motivational Intelligence special report. He works closely with people in highly affordable programs using dynamic groups, virtual technologies and innovative approaches to help achieve goals, break through barriers and take lives to an entirely new level. Visit us on the web at www.MotivationalIQ.com for more information.
