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Everybody wants to be successful in life. There would be perhaps none who doesn’t want name, money and fame in life. The moot question is how to achieve your goals? The stark reality is that being an entrepreneur or successful in any field is arduous and daunting. Yet for those who are willing to take the path less traveled and commit their lives to one idea, or several ideas, it can be extremely rewarding.
So what is the stuff that successful entrepreneurs are made of? How do you define that certain je ne sais quoi that enables an entrepreneur to convince skeptics their idea is the next big thing? Moreover, what allows those entrepreneurs to take their idea and turn it into a profitable company? Here are a few tips that would help you to get success.
1. They’re persistent
They are persistent in their work. Launching a startup is a marathon, not a sprint. It requires stamina, and you have to be fit to sustain the lifestyle. Founders inevitably come up against failure on a daily basis. While some ideas work, more often they don’t. You try, fail, and try again.
2. No fixed hours
Forget about nine to five job. Most startup teams clock 80 to 90 hours a week in the launch phase. As one tech entrepreneur rightly puts it, having an idea is just the first step on a long road. You have to have the intestinal fortitude to put your head down and get through the process.
3. They’re adaptive
The startup world can be a jungle, and the most successful entrepreneurs have a keen ability to quickly adapt to their habitat. So much can change from the inception of an idea to the final product, unforeseen problems arise; the market changes; demand changes. Successful entrepreneurs recognize that and are willing to try a different approach when something isn’t working.
4. Risk traders
Entrepreneurs are, most importantly, risk takers. They are willing to part ways with a job that offers a plush salary and benefits to pursue their idea or business. Or they start with nothing — and no guarantee.
5. They’re imaginative
Entrepreneurs wear different glasses when it comes to seeing the world. Where other people see problems, they see opportunities. But it’s one thing to have a great idea — it’s a whole other thing to see that idea through. Successful entrepreneurs don’t just dream; they’re willing to go out and create solutions.
6. Have confidence
Every successful entrepreneur who built a great enterprise started with a crazy idea. They face doubt, not only from others but also from themselves. It’s those entrepreneurs who are confident enough to believe in their ideas, and stick with them, that change the world.
7. They’re trustworthy
The success of an entrepreneur often hinges on building trust. Whether they’re pitching to venture capitalists, accelerator program managers or potential future customers, entrepreneurs are essentially selling an idea or product that doesn’t yet exist. It’s all based on assumptions. Investors are constantly being pitched by entrepreneurs eager for capital. Before they can persuade someone to sign a check and infuse a startup’s lean bank account, entrepreneurs must first convince the investor that they can be trusted.
After all, investors aren’t doling out big bucks for charity. They are making long-term investments, and they want to know that their money is in good hands.
“Inculcate the qualities among themselves and be successful in life”