Thursday, 24 April 2014

Top 10 Secrets of Being Successful Entrepreneur

Top 10 Secrets to be Successful Entrepreneur
Today I am going to talk about entrepreneurship. Well, I am not an entrepreneur and not even willing to be the one, but pursuing few courses of international universities related to it with an agenda of learning something enlightening. As you might know [if you are a regular reader or knowing me] that I am a lifelong learner who always keep her curious eyes open to learn something new in each possible moment.

Coming back to the topic. Entrepreneur requires passion, commitment, and the willingness to step outside one's  personal comfort zone. According to me there is no magic formula which can work for any business and for any startup, but there are a few general practice which can be followed to be a successful entrepreneur. Below I have listed the top 10 such secrets to be a successful entrepreneur.

1. Find an idea with a truly large & ideal market for which people will attach great value. 
In other words, an entrepreneur must have vision to select the best market to target by deselecting other alluring market segments. You won't be able to rule the world by single warfare. You have to conquer one segment at a time and then go ahead for the next one. Keep one target at the moment.

2. Recruit extremely gifted and intelligent people to work with you.
The loyal and trustworthy employee(s) with intelligence is difficult to find, but not impossible. Such employee(s) is known as "Energy Amplifiers" who not only energize you with their fidelity, but also play role of pillars of a strong, powerful and successful empire. If you haven't got such employee(s) then start the search now and if you have them, you are having the gems to conserve.

3. Being ridiculously practical and passionate about your idea, product, or process.
Being emotional is a fundamental right of any human being, but an entrepreneur cannot take any decision emotionally. Each decision must be taken damn practically by thinking of each possible consequence. An entrepreneur has to be passionate about his own ideas and products which will shape his business and vision.

4. Be prepared to work 70 to 80 hours a week, and more, for the rest of your life.
Being an entrepreneur  is not an Indian govt. job. An entrepreneur has to work harder. No holidays and no sickness. He has to work continuously because he is the base of a large pyramid of business. He can't quit and can't run away from the responsibilities. 

5. Be persistent and smile.
Yes, that's what it meant, be persistent and smile. Just have confidence in yourself & love whatever you do. You are going to work for 70-80 hrs a week for a lifetime, so you have to love what you do and always keep a light smile. It will not only relieve all stress you might have, but will also help your employees to get a positive and energetic working environment.

6. Lead and work with people, do not try to manage them.
A very nice quote I would like to share, "The engine leads the train to its final destination.". If an engine starts managing the compartments, then it might be too difficult to make a way ahead towards the final destination. An entrepreneur must be part of the working environment by taking enthusiastic participation in business activities and leading them positively.

7. Do not ever, ever, ever lie or purposely mislead yourself or others.
One of the most important secrets of human being is that we all know everything about our own-self. What is right and not? So never lie to yourself. For instance, as an entrepreneur if you started something & it went wrong, don't sail into the drowning ship. Accept your pitfalls and move on. Take new decision & envision new opportunities. Similarly, never lie or mislead others for short term gains because such practice may lead your enterprise to egregious disparagement & failure.

8. Do not run out of money.
The line says everything itself. I don't think I need to explain anything. Do I? :)

9. Have patience 
The most important quality any entrepreneur should have in his gene. Success can't earn overnight. You have to have the patience to reach at the summit of the success.

10. Find a significant other that will put up with this craziness and support your ego at times of crisis.  
As an entrepreneur, you are going to live unusual and more hard life than an ordinary person. You might face the stress whole day during your work. At such time, having the significant other who takes away all your stress with an affectionate smile. You might face time when people laugh on your creative idea which sounds crazy to others. At such time, having someone who understands your crazy passion and support will rejuvenate you. You might be going to lead a very hard, stressful and practical life. You should have the one who can understand your unspoken words and unexpressed feelings because you might not get much time to have long conversations with the significant other. Such significant other will play the role of your support system.

These are ordinary, but not so ordinary secrets to be a successful entrepreneur which I have collected from international veteran business consultants. Try to incorporate these secrets and cultivate your enterprise and entrepreneurship.

Ash Vyas SEO Ash Vyas is working as an internet Marketing manager handling digital marketing activities like SEO, SMO, Content Marketing etc.
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