Top 20 Powerful Traits of Most Successful Entrepreneurs - Guide

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  1. 1. Top 20 Powerful Traits of Most Successful Entrepreneurs How Do you feel as an entrepreneur? made with
  2. 2. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Introduction About The Author Passion & Motivation should be imminent Risk-Taking to your Advantage Self-belief, Hard work & Disciplined Dedication towards work Adaptability & Flexibility in the process Understand Your Offering And Its Market standards Money Management to profitability Planning (But not Over-planning) in every situation Networking Abilities Table of Content You will digest 20 things that can help improve your entrepreneurial skills
  3. 3. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. Being Prepared to Take the Exit Most Entrepreneurs Doubt Themselves But With Reservations High level of confidence Craves learning to keep improving skills Ability to sell and promote Vision Self-belief is key Rule-breaking to some degree Dream big They are results-driven Independent Power to accumulate wealth Conclusion
  4. 4. 24. How will you change your business today?
  5. 5. Key Point How will this knowledge help you improve you life? You are going to think different. Trust yourself more. Believe that you can succeed. I have applied all these points in my life and will like to share them with you, so you can physically and mentally succeed in any undertaking life throws at you. Divine Tumenta Introduction A change in how you think and act can make the difference in your life as you start or build a company with passion.
  6. 6. Divine Tumenta is an entrepreneur and professional digital marketing expert who has worked in digital marketing for more than 8 years. He is currently founder and CEO of backlinkfy.com and a go to consultant for startups and small businesses in the USA. My Expertise Entrepreneur & Digital Marketing Expert SEO Paid Search Social Media Web Design PR Why I wrote this... To help entrepreneurs starting out with new hopes of changing the world. Keep pushing on and know you are doing the right thing. Every morning when your alarm goes off! How do you react, do you enjoy getting ready for work? Do you feel like you are contributing to something every time you seat at your work desk? See why I wrote this guide. About The Author It's important to establish credibility with your reader at an early stage. Prove to people that they can trust your content.
  7. 7. Follow your passion, be prepared to work hard and sacrifice, and, above all, dont let anyone limit your dreams. Donovan Bailey Passion & Motivation should be imminent If there's one word that describes the fundamental trait in most entrepreneurs, it would be passion for what they do. To really know if you can be an entrepreneur, you should be asking yourself these questions; Is there something that you can work on over and over again, without getting bored? Is there something that keeps you awake because you have not finished it yet or on time? Is there something that you have built and want to continue to improve upon, again and again every single day? Is there something (Work) that you enjoy the most and want to continue doing for the rest of your life? Your demonstration of passion towards your work and motivation will determine your success in any entrepreneurial venture you decide to persuade. From building and implementing a prototype, to pitching your idea to investors, success is a function of passion, determination and patience.
  8. 8. Business is all about risk taking and managing uncertainties and turbulence. Gautam Adani Risk-Taking to your Advantage Entrepreneurs are risk takers ready to dive deep into a future of uncertainty. But not all risk takers are successful entrepreneurs, that's just how life works. So, here is what differentiates a successful entrepreneur from the rest - in terms of risk? Successful entrepreneurs are willing to risk time and money on unknowns, but they also keep resources, and plans for dealing with "the unknowns" in reserve. When evaluating risk, a successful entrepreneur will ask himself/ herself, is this risk worth the cost of my career, time and money? And, what will I do if this venture doesn't pay off in the long term?
  9. 9. I believe that if you dont want to do anything, then sit there and dont do it, but dont expect people to hand you a corn beef sandwich and wash your socks for you and unzip your fly for you. Shel Silverstein Self-belief, Hard work & Disciplined Dedication towards work Entrepreneurs enjoy what they do everyday. They believe in themselves and are confident and dedicated to their project as an extension of who they are. Occasionally, they may show stubbornness in their intense focus and faith in their idea(s). But the flip side is their demonstrated discipline and dedication in making sure everything is strategically done to bound success.
  10. 10. The boldness of asking deep questions may require unforeseen flexibility if we are to accept the answers. Brian Greene Adaptability & Flexibility in the process Its good to be passionate or even stubborn about what you do in life. But being inflexible about client or market needs will lead to failure in the long term. Remember, an entrepreneurial venture is not simply about doing what you believe is good, but also making a successful business out of it for your time and investments. A Market needs are dynamic: changes are a recurring phenomenon. Successful entrepreneurs welcome all suggestions for optimization or customization that enhances their offering and satisfies client and market needs. A product you develop for yourself alone may qualify as a hobby, but a product for the market should satisfy market needs and generate revenue for profits or if an NGO funds raised.
  11. 11. You cant create a mass market if you dont have a common standard. Henry Samueli Understand Your Offering And Its Market standards Entrepreneurs know their product offering in and out as they work on their products daily. They also know the marketplace and its dynamics inside and out. Remaining unaware of changing market needs, competitor moves and other external factors can bring even great products to failure.
  12. 12. No business in the world has ever made more money with poorer management. Bill Terry Money Management to profitability It takes time to get to profitability for any entrepreneurial project. Until you get there, capital is limited and needs to be utilized with smarts to keep you business moving in a positive direction. Successful entrepreneurs realize this mandatory money management requirement and plan for present and future financial obligations. Even after securing funding or going fully operational, a successful businessman keeps a complete handle on cash flows, as it is the most important aspect of any business as it grows.
  13. 13. The biggest competition is myself. I am not looking to follow others or pull them down. Im planning to test my own boundaries. Rain Planning (But not Over- planning) in every situation Entrepreneurship is about building a business from scratch while managing limited resources (including time, money and personal relationships) everyday. It is a long-term commitment, and attempting to plan as much as possible at the beginning is a noble impulse to getting there in the long term. In reality, however, planning for everything and having a ready solution for all possible risks may prevent you from even taking the first step. Successful entrepreneurs do keep some pain drive in motion, but more importantly they maintain a mindset and temperament, capable of dealing with unforeseen possibilities. Do a feasibility analysis; identify time and capital thresholds; take the deep dive with your limited resources. If your thresholds are crossed, look for alternatives and be prepared to take the next exit.
  14. 14. Networking is an essential part of building wealth. Armstrong Williams Networking Abilities How do you tap your network for solutions? Many people seek comfort in commiseration: friends, colleagues and neighbors are happy to complain with you about "the global slowdown, poor demand, or unfair competition; but that won't improve the bottom line. What do successful entrepreneurs do? They reach out to mentors with more experience and extensive networks to seek valuable advice that can help them with growth. Having such networking abilities, including more experienced mentors, is a key characteristics of some successful entrepreneurs.
  15. 15. An exit is only a success if you set an exit as your primary goal. My primary goal was to build a globally influential tool, to build something from the ground up that could literally change how we communicated in business and individually. Ryan Holmes Being Prepared to Take the Exit Not every attempt will result in success but don't beat yourself. The failure rate of entrepreneurial projects is very high (Failing as an entrepreneur is a learning process in order to succeed). At times, it is absolutely fine to take the practical exit route and try something new, instead of continuing to make sunk cost investments in the same project. Many famous entrepreneurs weren't successful the first, second, third time around. But they had the serenity and foresight to know when to cut their losses.
  16. 16. The main thing to know about me is that Im a champion of entrepreneurs and the startups they build. They are my rock stars. If in doubt, I side with them, and thats clear from my writing. Michael Arrington Most Entrepreneurs Doubt Themselves But With Reservations You may ask yourself, am I an entrepreneur? And the very question may put you in doubt about the answer. Even if you don't have the coverage of Elon Musk, but have the courage to ask yourself intimidating questions Can I do this? Do I want to do this? you have the intends to be an entrepreneur. Instead of