What Qualities Are the
True Tokens of Successful Entrepreneurs?
You've
probably seen the bumper stickers that say "Lead, Follow,
or Get Out of the Way." While the bumper sticker may
be directed at the dreamer doing 10 miles less than the speed
limit in the left lane, it also applies to everyone's life.
Most people are followers, but others are leaders. They want
to be at the helm of their own ship, charting the course that
their lives will take.
They are most likely ENTREPRENEURS
- people who have what it takes to start and succeed at their
own businesses.
What qualities are the true
tokens of successful entrepreneurs? Thousands of books and
articles have been written on the subject. There is even a Chicken
Soup for the Entrepreneur's Soul and an annual event called
"Entrepalooza" at the University of Michigan, where
successful business owners relate their secrets. It turns out,
though, that just about everyone who takes on the challenge
of owning their own business has certain qualities.
1. They have a dream.
It can be anything from wanting to make a living from a hobby
to wanting to find a way to spend more time with their families.
Along with their dreams comes the foresight to see a need for
something or a problem that needs solving, and finding a way
to supply that need or solve that problem. Instead of saying,
"Someone will probably invent a way to make a profit
from that," the entrepreneur says, "I'M
going to be the one who finds a way to make a profit from that."
2.
They visualize success. Lots of us have thoughts and ideas
of how we'd like our lives to change. We say, "If only
I could find a decent job," or "If only I could
lose 20 pounds." Entrepreneurs don't just think about
it. They see it. They spend a great deal of time "seeing
success." If the goal is to spend more time with family,
the entrepreneur sees himself or herself working at home,
hears one of the children say "Mom, I'm so glad
you don't go away to work anymore," and feels
what reaching the goal is like. This "positive thinking"
technique has been around for a long time-and it still works.
It helps create faith in yourself, and that is a prerequisite
for anyone even thinking about starting a business. They never
stop using this visualization process: It keeps goals shining
brightly, and for the entrepreneur, there are always new goals
to reach for.
3. They're good listeners
and observers. Aki Morita, who founded Sony, got the idea
for the infamous Sony Walkman when he got tired of listening
to teenagers blasting music from their boom-boxes. He knew he
wasn't the only one bothered by the noise. By listening to what
people are saying and observing what they're doing (or not doing),
the entrepreneur identifies what people want. Lots of people.
They also listen to advice. While
it's great to have people cheering you on, entrepreneurs find
a wealth of knowledge in the doom-and-gloomers. They present
the possible downsides, providing the business owner with some
new ideas to think about as they develop their business plan.
They read books and listen to motivational CDs. They stay psyched
up for success by learning new skills and staying on top of
technology.
4.
They're good organizers. Once a new entrepreneur develops
an idea and begins visualizing a goal, he or she makes a plan.
They know they can't just plunge in and hope for the best. They
do research, find out what others in similar businesses are
doing, and find mentors who can help them figure out what steps
they need to take to begin reaching for their goals and dreams.
They find out how much money they need, what kind of equipment
is essential, and if they will need to hire people or can go
it alone. Ultimately, they consider all of the information and
advice they've gathered and make their own decisions, taking
the best ideas from each source.
5. They're focused. Once
the course is charted, the work begins. There will be phone
calls, e-mails, and paperwork. There will be days when nothing
goes right, and when obstacles seem insurmountable. But because
entrepreneurs are, above all, problem solvers who love a challenge,
they have the courage and perseverance to keep going. They bounce
back from failure like super-balls hitting the sidewalk. They
keep their organizational plans in mind, and keep striving to
achieve each step, one at a time.
6. They don't believe failure
is an option. To be successful in your own business, you
must believe 100% that you will succeed at what you are doing.
You must have faith in your own ability to make things happen.
You must believe that your idea is really a good one that will
help other people or make the world better in some way. Sometimes,
it simply takes guts-like the quarterback who decides to run
the ball and, against all odds, scrambles over the pileup and
scores a touchdown.
7. They have self-discipline.
Running your own business doesn't mean that you can mosey down
to your home office at 10 AM, go to lunch at noon, and take
the afternoon off. Just like at a regular job, entrepreneurs
work hard. In fact, many put in more hours and work harder than
they did when they were someone's employee. But it's easier
to put in the extra hour or two when you have a passion for
what you are doing, a roadmap for where you're going, and the
confidence that you will achieve success.
Are you tired of working for someone else? Do YOU have what
it takes to be an entrepreneur? If you believe in yourself,
fill in the form below for free information about starting your
own business.