Entrepreneurs don’t become a success overnight. There is no magic bullet. The beauty of success is that everyone has a different definition of it. But the measurement of success is the same for all people. You know that in order to achieve anything worthwhile, you need a burning desire to achieve. Small desires= small outcomes. A huge burning desire = huge outcomes of achievement. To be the best your desire needs to be nuclear!!!
Those who started from nothing and built huge success for themselves have one thing in common: An unyielding focus and work ethic.
Find a field you Love
Mastery Takes Effort. Successful athletes are made by the blood, sweat, and tears they put into honing their natural talents. Chess masters have played tens of thousands of games of chess. A concert pianist practices his craft every day, sometimes for hours on end. Being an entrepreneur should be the same way. Learn your craft and become the expert in it. How many things can you do perfectly? If your answer is anything other than one, and you are a small start-up on a shoe-string, guess what? You are an idiot. Rome wasn’t built in a day, neither was Google. Both were built brick by brick, scaled and then, and only then, did they diversify. Keep your business plan simple, because if it’s not simple, you’re dead. Of course finding something you are passionate about and love doing everyday makes the task of putting in that extra effort easier.
Learning is great as long as you go to the School of Hard Knocks.
Think about it like riding a bike. You can show me all day how to do it and the best way to do it, but until I try it myself, I am never going to learn. Learning entrepreneurship in abstractly in school is inane. The best way to become an entrepreneur is to try building a business. One of the most overlooked concepts of entrepreneurship is not business savvy, it’s learning from your mistakes. In basketball you have to shoot 50pct.; If you make an extra 10 shots per hundred, you are an All-Star. In baseball you have to get a hit 30 pct of the time. If you get an extra 10 hits per hundred at bats, you are on the cover of every magazine, lead off every SportsCenter and make the Hall of Fame.
In Business, the odds are a little different. You don’t have to break the Mendoza line (hitting .200). In fact, it doesn’t matter how many times you strike out. In business, to be a success, you only have to be right once. Sir James Dyson, creator of the Dyson Vacuum Cleaner failed 5,126. Today, Dyson makes the best-selling vacuum cleaner by revenue in the United States and is one of the richest men in all the world. But it took him 15 years and nearly his entire savings to develop his bag-less, transparent creation. His latest innovation, a hand dryer that uses neither heat nor evaporation, took only three years, but Dyson says his grinding, error-filled approach hasn't changed.
Don’t Focus on Making Money:
If the focus of money is your #1 motivator, you will not succeed. Your business ( and YOU) will be viewed by everyone else as transactional instead of relational. Even with the best product or service, you still need strong relations to succeed in any marketplace. Respect is at the heart of business relationships. Respect leads to recognition. If you’re not respecting (and recognizing) the people around you – employees, vendors, customers or clients, How in the world can you ever accomplish what we want to accomplish if you don’t bring the people around you with you. Respect in business is highly important to the success of your company.
Think about it. How would you feel if you were on the other side of the conversation? If you were the one not being respected or your work wasn’t appreciated? Would you have great performance or would you do the minimal of what was absolutely necessary to get by? It’s the same thing when your client or customer knows that you are only a paycheck or a commission. Nobody wants to be taken for granted. Because when they know that relationship is not part of your business philosophy, you can hang it up. No one will patronage you business.
Be Flexible and Creative
Too many aspiring entrepreneurs think their initial idea and inspiration requires the most important creative thinking. Experience entrepreneurs will tell them that’s the easy part. It’s the later implementation, and the competitive business marketing that are the real creative challenges. This brings me back to the abstract way of how schools teach entrepreneurship. Our education and training to logically associate related concepts reduces our ability to add the creative side to the equation, even though we were all born without that bias. Maybe that’s why “thinking outside the box” is so rare. If you want to teach me How To Think Outside The Box, then you need to be out of the box too.Traditional business plans will bankrupt you. Don’t get stuck in analysis paralysis! Business planning is not a revenue generating exercise. Execution is where the money is at.