How to be a successful entrepreneur?

How to be a successful entrepreneur?

There are many views on what an entrepreneur is. Listening to market experts and reading lots about entrepreneurship they are often described as following:

  • Risk-taker
  • Dreamer
  • Leader
  • Visionary
  • Rebel
  • Artist
  • Impacter

These are just the main ones I found, but there are many more, but Risk-taker is probably the most mentioned description. It has some nuance of adventure and sounds cool.
I guess depending what speaks to you most you will feel more inclined to agree with one or the other.

Taking a risk is a question of perspective. A lot of factors play a role.
If you ask someone to cut your hair who has never cut hair before, you would probably see this as taking a high risk as there is a high chance that it goes wrong. If you go to an experienced hairdresser the risk is probably quite low. That means that cutting hair in itself is not risky and not the problem.
It’s the same for entrepreneurs. If you know what you are doing and you have experience in doing it, the risk will be very low.
This goes for almost everything in life. In relationships, work, hobby and life in general. If you keep on it you will get better.
That is also why it takes time to build a proper business when you are starting out.

For me a risk taker is a gambler, who jumps into something hoping for the best. It doesn’t matter how much you have played before. The dice don’t care.
You might get better in controlling yourself, but you won’t get better in controlling the game.
However many start-ups jump into business like a gambler, hoping for the best, not willing to do the time and learn the skills. Again, for me they are gamblers not entrepreneurs. (Like playing lottery and hoping for the million to appear)

All the attributes mentioned above are more personal traits than traits I would directly relate to an entrepreneur. You might be a rebel and run your own business. But you might as well be a rebel and employed or in jail or whatever.

Entrepreneurship is a skill. It is something you can learn and become really good at. It isn’t a game.
It does help to have a certain mindset, but the same goes for a student studying for a degree. If you are not willing to learn, put the time in and if you have no vision how all of this might give you a positive impact in your future career, you most likely won’t make it. In a way that is life.

There are only a few lucky ones who have been at the right time at the right place and the dice fell exactly in the right way and they made it without any effort at all. That is like the lottery winner. They never have been entrepreneurs and the chance that they will make this again is very low. Lets hope for them that the winnings are high enough that they never have to try again.

To become a successful entrepreneur you need to learn the skills required for your business and give yourself the time to study and practise. As more you do as better you will become and as less of a risk your business will be. It isn’t that hard. If you’re out there for the money alone, go and play the lottery or step into a casino and play the games. Maybe you’re lucky.

I love to be an entrepreneur and I love the feeling when the skills I learned and practised over and over again give me the success I dreamed about.

What about you? Are you a successful entrepreneur?

Read more about it here:
Becoming a Leader
How to start a business the right way

Photo by Carl Raw on Unsplash

Are you really an Entrepreneur?

Are you really an Entrepreneur?

As you probably know, not everyone is made to be an entrepreneur.
Some like the idea, but are far to scared to even try.
Some might be dragged into it just to discover it is not for them.
Others just can’t find the right thing to do, which in its essence means they are not entrepreneurs. They are just caught in that cycle. This is probably the worst scenario, as they measure any other job or work against their idea what it means to be an entrepreneur. They are caught in the middle until some circumstance forces them out of it in either direction.

On top of that more and more young entrepreneurs see their business as a project with a start and end date. It’s like the Olympics, they try to win the gold medal and prepare for it like crazy and when the Olympics are over they go back home looking for the next thing to do. During that process they completely forget the core reason a business exists, their customers. Try to sell a product by telling your customers that they need to make a decision because next year you won’t be here anymore. How many do you think would buy from you.

Lets face it running a business is not much different from most other jobs. You have to turn up, give the best you can and keep doing it over and over. If you’re thinking about leaving your current job because of that, prepare yourself for a big surprise.
Running a business is hard work and most decisions you’ll have to take can make or break your business. There is a high risk involved.

It all starts with the reason you want to be an entrepreneur.
Let me give you an example:

A friend of mine is very much into healthy foods and struggled to find the right sources from where to buy the products he wanted. Talking to others with similar interest he discovered that he was not alone with this problem. Out of this he decided to open up a store to provide all the foods which were hard to get. Today he runs a chain of shops very successfully.
He started the shop because of his own need and after discovering and confirming this need with many others he made it work. Money has never been the issue and certainly not a reason for starting the business, but as he told me, it was the best thing he ever did.

Being in business is not about making money. It’s a way to become who you are.

Another very important fact often forgotten: Just because you know how to sell does not make you successful in business!
You need to learn the skills to run a business. Let’s be clear, in our society a business is not just you doing something, but it is regulated in most countries in the world and you will have to comply with all the rules defined for your type of business.
Assuming that you’re very good at your job, learning the in and outs of running a business is essential before you start putting your life into it.

Are you really an entrepreneur?

Photo by Joshua Rodriguez on Unsplash

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