Hello readers. In this article, we are taking a look at what it takes to become a successful entrepreneur. I have come in contact with many people who strive to work for themselves but end up quitting or being discouraged. Here are some tips on becoming successful:
Good Communication- In order to be an entrepreneur, you’ll need to have good communication skills. People will not take you serious if you don’t know how to use words properly, have good grammar skills. Grammar certainly has its place in reports, most news articles, and other serious platforms of writing.It’s how we communicate when we’re being absolutely proper. Most of the time you can’t go wrong with good grammar. But sometimes, depending on the context, slipping in a little intentional bad grammar can actually be a good thing. Abbreviated sentences can be very powerful. They hold more emotion, and they carry the reader along. So pay close attention! Taking an English/public speaking class or two could help. I seriously recommend it.
Commitment- Lets face it, everyone wants to be rich, comfortable and not have to go into work every single day to work for someone else’s dream. How committed are you? Being a successful entrepreneur doesn’t come over night. Beyonce’ did NOT become the superstar she is overnight. She has put in long hours of rehearsal, auditioning and interviewing different people that would fit her brand and more. Whatever you are trying to be successful at, you must stick to it. It can take years.You only fail in your business when you actually give up, so, in fact, no business would ever fail if people persevered. I know the Founders of many of the most successful technology companies in the world, and there were (and still are times) where the Founders refused to give up despite unbelievable problems, stress and negative signaling. Elon Musk called entrepreneurship “like eating glass and walking on hot coals at the same time.” An entrepreneur faces all of the debilitating problems of their own life coupled with all of the personal problems of their team, as well as hostile operating environments, limited capital, stretched resources, no time, regulatory burdens, etc. The loneliness and darkness of entrepreneurship are not discussed very often, but they are very real. Those that persevere succeed. Those that don’t don’t.
Circumstance- Being in the proverbial right place at the right time matters a lot toward your ultimate success as an entrepreneur. Michael Diamant started iClips, a site exactly like YouTube, a few years before YouTube launched. iClips was a truly well executed business, but the bandwidth, camera penetration and streaming technology did not exist for it to gain massive traction. I would not recommend building a fax machine company in 2014, but it made a lot of sense in 1989. Timing is everything. You can have the best business idea while a poor student in high school, and then a veteran entrepreneur does the same business with millions in venture capital and captures the whole market. Or, you can create a market, like MySpace, which then shows a competitor, Facebook, on how execute better on the same vision. Some circumstances are in your control, and some circumstances are outside of your control.