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7 Signs You’re Destined To Be An Entrepreneur Even if You Don’t Feel You Are

7 Signs You’re Destined To Be An Entrepreneur Even if You Don’t Feel You Are

We’re all entrepreneurs these days, aren’t we? We constantly sell ourselves with our appearance, our social online skills, and by bargaining with our friends and coworkers over decisions. Even more so, the Shark Tank TV show and online crowd-funding are all the rage. Everyone wants to be his or her own boss and enjoy a life of freedom. However, not everyone shares the same qualities that true entrepreneurs possess.

What do they have, that most of us don’t? How do these entrepreneurs take on challenges and get closer to their dreams?

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1. They Are Highly Passionate

It all starts here. Passion is the engine that drives most entrepreneurs. If you can figure out the “why”, the “how” will naturally emerge. Dig deep and uncover your limiting beliefs towards success and also create a list of things you love to do. A limiting belief might be something like, “I need money to start a business”. No, you don’t. You only need passion to break through and wake up everyday feeling proud to do what you enjoy everyday — and maybe even change the world! Need some inspiration? Take a look at these billionaires who started with nothing.

2. They Are Incredibly Decisive

This is one of the most difficult to conquer. Well, for me at least. To be an effective entrepreneur, decisions need to be made quickly. Thinking on your feet will be required often. We can be ambivalent in certain situations, such as when hiring (or firing). Even seemingly simple decisions, like choosing the colors of a logo, can have so many options. Make a decision and move on. Entrepreneurs don’t look back and have the confidence to know that things will work out in some way or another. After studying 500 millionaires, it was found that decisiveness plays a very important role in accumulating wealth.

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3. They Are Always Growing

Growth is a critical component for all entrepreneurs. This doesn’t only apply to business. If you want to be successful at anything, it requires that you constantly evolve in all areas of your life. This includes setting clear boundaries with your friends and family as well. You might feel like they don’t understand you or think you’re crazy. Who cares! Let them think what they want. Some ways you can grow outside of the business environment will pay on-going dividends towards your goals, like living a healthy lifestyle and reading… a lot. I read a few books each month. Typically, I awake at around 5am each day just to squeeze in some extra reading. Keep growth in all areas of your life a top priority.

4. They Are Laser Focused

Whether you want to simply create a successful blog as your business, or start a new coffee shop, or you want to become a venture capitalist, you must be highly focused and specific in your direction. This doesn’t mean you can’t take on multiple projects. It just means that each project should have a definitive understanding of the competition and industry in that space, the target customer and demographic, and knowing the benefits the product or services will provide. This last one is key. Most people market the features of their offering instead of the benefits to the customer. Focus on benefits and you will be way ahead of your competition as a sure sign towards entrepreneurship.

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5. They Are Willing to Take Risks

I find that entrepreneurs are generally more open-minded in all areas of life. Taking risks is how we learn what works and what doesn’t, both professionally and in our personal lives. However, this should always come with a good amount of due diligence. Just like you wouldn’t jump out of an airplane without a parachute, it wouldn’t make sense to hire new staff or work with a vendor that you didn’t research thoroughly. In the beginning of a business, the risks are much higher and become more calculated as your entrepreneurial ventures grow. For example, when starting out, you will need to eventually risk that steady paycheck and have the confidence that your business will make it.

6. They Are Authentic

Some of the signs above might not completely describe or define you currently, and that’s okay. This sign is one that you’re much closer than you think to becoming an entrepreneur. Whether it’s in your body language, your personality, or how you speak, your authenticity needs to shine through. This will give you the freedom to follow your intuition and start the process of becoming an authentic entrepreneurial version of yourself. Your ambition will become contagious and people will become a magnet to your authentic self.

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7. They Are Always Setting New Goals

And finally, all entrepreneurs set goals. They set goals in health challenges, project deadlines, forecasting revenue projects, and where they want to be in 3 months, 1 year, and 5 years down the road. I feel that you absolutely must write down your goals if you want to achieve them. Heck, your goal setting might simply start by being more authentic and recognizing when energizes don’t align with you or your business model. Keeping your goals to yourself is another important sign that you’re on your way to becoming an entrepreneur.

Wrapping Up

These signs are important in defining if you’re destined to be an entrepreneur. I hope some of the tips and additional links I provided are helpful for you to explore and find the confidence to follow your dreams of freedom. So many people don’t feel they have what it takes and get trapped in self-defeat. Take the first step and start your journey.

Just by reading this post… you are destined for more.

Featured photo credit: kosmos111 via shutterstock.com

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Dario Zadro

Web Strategist

entrepreneur freedom 7 Signs You’re Destined To Be An Entrepreneur Even if You Don’t Feel You Are Refreshing Morning 10 Ways To Have A Refreshingly Great Morning

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Published on March 20, 2019

How to Write a Powerful Mission Statement for Your Business

How to Write a Powerful Mission Statement for Your Business

Have you ever felt lost in the minutia of your job?

As a business owner, I can relate to getting bogged down in the day to day operations of my business. Things like inventory, payroll, scheduling, purchasing and employee management take up the bulk of my day.

While these things are important and need to get done, focusing too much on the details can make you lose sight of the big picture. This is why having a good mission statement comes in handy.

What is a Mission Statement?

Put simply, a mission statement is an internal document that provides a clear purpose for the organization. It provides a common reference point for everyone in the organization to start from.

In other words, after reading your company’s mission statement, managers and employees should be able to answer the question “What are company’s main objectives?” For example, Southwest Airlines mission statement reads:[1]

“Southwest Airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit. We are committed to provide our Employees a stable work environment with equal opportunity for learning and personal growth.”

In this single statement, Southwest conveys the company’s goals of providing the highest level of customer service as well as providing a good working environment for their employees.

Mission Statement VS. Vision Statement

While the mission and vision statements are related, there are subtle but distinct differences the you should be aware of.

First of all, a mission statement is designed primarily as an internal company document. It provides clarity and direction for managers and employees.

While there’s nothing wrong with sharing your company’s mission statement with the outside world, its intended audience is within the company.

While a mission statement provides a general framework for the organization, the vision statement is usually a more inspirational statement designed to motivate employees and inspire customers. Going back to Southwest Airlines, their vision statement reads:[2]

“To become the world’s most loved, most flown, and most profitable airline.”

This statement inspires good feeling from the customer while motivating the employees to achieve that vision.

What Does a Good Mission Statement Look Like?

When coming up with a mission statement, it’s important to take your time and do it right. Too often, people (especially entrepreneurs) just write down the first thing that comes to mind and they end up with worthless or (worse yet) a generic mission statement that is utterly useless.

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Remember, a mission statement should provide a common framework for everyone in your organization.

When writing a mission statement, you should always try to incorporate the following;

  • What we do?
  • How we do it?
  • Whom do we do it for?
  • What value are we bringing?

Now, you can see how tempting it is to just come up with something generic that ticks off those four boxes. Something like “We provide the best widgets available online for the consumer.”

After all, that did check off all the boxes:

What we do? Provide widgets.

How we do it? Online.

Who do we do it for? The consumer.

What value we bring? The best widgets.

The problem with this mission statement is that it could apply to any number of companies producing the same widget. There is nothing to distinguish your company or its widgets from any of your competitors widgets.

Compare that mission statement to this one:

“We provide the highest quality widgets directly to the consumer at an affordable price backed up with a 100% satisfaction guarantee. If our clients aren’t 100% satisfied, we’ll make it right.”

What’s the difference?

Both mission statements answer all the same questions of what, how, whom and value. But in the second statement, they are differentiating their company from all other competitors by answering the question “what makes us unique”.

Another way to read that is, “Why you should buy from us.” In this example, it’s because our widgets are of the highest quality and we stand behind them 100%.

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You might have noticed the statement didn’t say that we sell widgets at the lowest possible price. That’s because we are emphasizing quality and satisfaction over price.

A different company’s mission statement may emphasize selling widgets at the lowest possible price with little to no mention of a guarantee.

Hallmarks of a Good Mission Statement

1. Keep It Brief

Your mission statement should be no longer than three sentences. This is not your company’s magnum opus.

You should be able to distill the what, how, who and why questions into a succinct message.

2. Have a Purpose

A company’s missions statement should include the reason it even exists.

Make clear exactly what the company does with statements like “We strive to provide our customers with …….”

3. Include a “How”

Take this as an opportunity to differentiate your company from its competitors.

How do you provide a product or service that’s different or better than how your competitor provides it?

4. Talk About the Value You Bring to the Table

This is where you can really set yourself apart from the competition. This is the “why” customers should buy from you.

Do you offer the lowest prices? Fastest delivery? Exceptional customer service? Whatever it is that sets you apart and gives your particular products, services or company an advantage talk about it in the mission statement.

5. Make Sure It’s Plausible

It’s okay to shoot for the stars just to settle for the moon, but not in a mission statement.

Being overly ambitious will only set you and your employees up for failure, hurt morale and make you lose credibility. You will also scare away potential investors if they think that you are not being realistic in your mission statement.

6. Make It Unique and Distinctive

Imagine if someone who knew nothing about your business walked in and saw how it was operating, then they read your mission statement. Would they be able to recognize that mission statement was attached to that business? If not re-work it.

7. Think Long Term

A mission statement should be narrow enough so that it provides a common framework for the existing business, but open enough to allow for longer term goals. It should be able to grow as the business grows.

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8. Get Feedback

This is very important, especially from managers and employees.

Getting their input can clarify how they currently see the company and their role within the organization. It’s also a good way to get people “on-board,” as studies show that people are more likely to go along with an idea if they feel included in the decision making process beforehand.

9. Review Often and Revise as Necessary

You should review the missions statement often for two reasons.

First, as a reminder of what the essence of the company is. It’s easy to forget when you are in the day to day grind of the business.

And two, to make sure that the mission statement is still relevant. Things change, and not everything can be anticipated at the time a mission statement was written.

For example, if a mission statement was written before the advent of the internet, a company that use to sell things door to door now probably has a website that people order from. You should always update the mission statement to reflect these changes.

The Value of Mission Statements: Why Go Through All of These in the First Place?

It may seem like a lot of work just for a few sentences that describe a company, but the value of a well written mission statement should not be discounted.

First of all, if you are an entrepreneur, crystallizing the what, how, whom and value questions will keep you focused on the core business and its values.

If you are a manager or other employee, knowing the company’s basic tenants will help inform your interactions with both customers and colleagues alike.

Strategic Planning

A relevant mission statement acts as a framework for strategic planning. It provides guidance and parameters for making strategic decisions for the future of the company.

Measuring Performance

By having the company’s mission in a concrete form, it also allows for an objective measurement of how well the organization is meeting its stated goals at any one time.

Management can identify strengths and weaknesses in the organization based on the criteria set forth in the mission statement and make decisions accordingly.

Solidifying the Company’s Goals and Values for Employees

Part of a well run organization is nurturing happy and productive employees.

As humans, we all have an innate need for both purpose and to be part of something larger than ourselves. Providing employees with a clearly defined mission statement helps to define their role in the larger organization. Thus, fulfilling both of these needs.

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Now I’m not saying that a mission statement can overcome low pay and poor working conditions, but with everything else being equal, it can contribute to a happier and more productive workforce.

To Hold Management Accountable

By creating a mission statement, a company is publicly stating its highest values and goals for the world to see. By doing so, you are inviting both the public and your employees to to scrutinize how well the company lives up to its ideals.

So if you state that you only provide the highest quality products, and then offer something less, it’s fair for both the public and the employees to question, and even call for a change in management.

If management doesn’t take the mission statement seriously, no one else will either; and the legitimate authority that management rely’s on will be diminished.

To Serve as an Example

This is the opposite side of the coin from the previous statement. If the highest levels of management are seen taking the mission statement seriously and actively managing within the framework of the statement, that attitude filters down throughout the organization.

After all, a good employee knows what’s important to their boss and will take the steps necessary to curry favor with them.

Finally, use the company’s mission statement as a way to define roles within the company. You can do this by giving each division in the company a copy of the mission statement and challenge the head of each division to create a mission statement for their respective departments.

Their individual mission statements should focus on how each department fits in and ultimately contributes to the success of the company’s overall mission statement. This serves as both a clarifying and a team building exercise for all parts of the organization.

Final Thoughts

Developing a mission statement is too often just an after-thought, especially for entrepreneurs. We tend to prioritize things that we perceive will give us the biggest “bang for our buck.”

Somehow, taking the time and effort to sit down and think seriously about the what, whom, how and value of our business seems like a waste of time. After all, we got in the business to make money and become successful, isn’t that all we need to know?

That mindset will probably get you started okay, but if you find yourself having any success at all, you’ll find that there really is such a thing as growing pains.

By putting in the time and effort to create a mission statement, you are laying the groundwork that will give you a path to follow in your growth. And isn’t building long term success what we are really after?

More Resources About Achieving Business Success

Featured photo credit: Fab Lentz via unsplash.com

Reference

[1] Southwest Airlines: About Page
[2] Fit Small Business: 10 Vision Statement Examples To Spark Your Imagination

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