Advertising
Advertising

Differences Between People Who Run A Business And True Entrepreneurs

Differences Between People Who Run A Business And True Entrepreneurs

There were many other music players out on the market before Apple came out with the iPod, but the iPod soon came to dominate the marketplace surpassing all others. Why is that? Because Apple products were driven by an amazing entrepreneur by the name of Steve Jobs. Steve Jobs didn’t just run a company called Apple, he was also a truly passionate entrepreneur.

So, what are the differences between people who run a business and true entrepreneurs? Here are some qualities that definitely make the difference.

Advertising

1. Growth mindset

People who run a business have a mindset of just meeting their minimum expectations. They hope to make their payroll that month, that quarter, or that year, and they hope to reach a certain number. Because of this mindset they do exactly that – they meet their minimum goals. True entrepreneurs have a growth mindset which says “let’s make this a billion-dollar company ” even though at the time the company may be very small. They don’t limit their thinking by thinking so small. They go big or go home.

2. Passion for the business

People who run a business go to the business because “it seemed like a good idea at the time”. They don’t necessarily have a passion for the business. True entrepreneurs, no matter what business they are in, go into a business that they truly have a passion for. They may love the business, they may want to change the world, or they may want to revolutionize a product. Whatever their reason may be, they have a passion for the business that is contagious to all those around them. People who run a business run it to make money, while people who are true entrepreneurs run a business because it is their life’s passion and they can’t not do it!

Advertising

3. Looking for new opportunities

People who run a business tend to stick to the business that they have. They don’t want to make waves. This leads to eventually becoming stagnant and not growing. True entrepreneurs have a business, but they are always looking for new opportunities, new product lines, new niches, new growth strategies, and new streams of revenue. They listen very carefully to the customers because customers often have the best ideas for new opportunities for their business. They keep their eye on the present, but they’re always looking forward to the horizon for new opportunities.

4. Open to change

People who run a business tend to cling to the old way of doing things. They are not open to change because they’re afraid it will impact their business negatively. Think of all of the video store owners who didn’t adapt to the change with the streaming video who are now out of business. You could say that Blockbuster “block busted”. True entrepreneurs are open to change and actually will look at how they should change their business on a daily basis. They do not let the sleeping dog lie – they go kick it awake and tell it needs to change its ways.

Advertising

5. Vision

People who run a business are the kind of people who when they buy a house, they can only see the house for what it looks like currently. They can see its total potential of what it will look like in the future. True entrepreneurs have a vision of what their company or the organization is going to look like down the road. If you ask them, they will paint a picture of where they’re going to be in 5-10 years. They have the vision to imagine a future which is unlimited and has tremendous growth opportunity for them and for their employees. This allows them to make decisions not only for today, but also to impact the business in the long-term. Walt Disney was able to visualize what Disneyland was going to be, was going to look like, and how it would succeed, long before anyone else believed in his vision.

6. Work ethic

People who run a business act like employees not owners. When it is 5 o’clock they “punch out” and decide to go home because it is the end of the workday. They don’t realize that their minimum effort each day contributes towards having poor results later. True entrepreneurs know that in order to build an amazing business empire, they can’t do that between the limited hours of 9-to-5. They are willing and able to put in the work even if it means working seven days a week for five years in a row. Of course, when they get results and are amazingly successful, people talk about “how lucky they are”, not realizing that for half a decade they worked nights and weekends. As Stephen Covey, the author of Seven Habits, once said: “Private victory precedes public victory.”

Advertising

Featured photo credit: Viktor Hanacek via viktorhanacek.com

More by this author

10 reasons why you should avoid negative people 12 Things Emotionally Intelligent People Don’t Do Differences Between People Who Run A Business And True Entrepreneurs

Trending in Entrepreneur

1 Advice for Entrepreneurs: How To Find A Mentor Worth Listening To 2 How to Be a Successful Businessman (The Complete Guide) 3 How to Brand Yourself and Make Your Business Stand Out 4 How to Start a Company from Scratch (A Step-By-Step Guide) 5 15 Best Books for Entrepreneurs to Start Reading Right Now

Read Next

Advertising
Advertising
Advertising

Last Updated on April 17, 2019

10 Essential Soft Skills That Will Help Advance Your Career

10 Essential Soft Skills That Will Help Advance Your Career

What’s the secret of professional success? Some of it lies in the mastery of your discipline and all the technical skills you have to carry out your job; but a much bigger part lies in the soft skills list you possess.

Soft skills are your people or relationship skills—how well you get along with others and your ability to communicate and collaborate—as well as the personal characteristics you bring to the job, such as optimism, a can-do attitude and the motivation to work hard. These skills are not always easy to point out, but their absence can cause serious problems and negatively affect the whole work atmosphere.

They say that hard skills will help you get the job, but soft skills will help you get along—and get ahead. With that in mind, here’s the top-10 essential soft skills list to help you advance your career.

1. Communication Skills

Communication skills are hands-down the most sought-after soft skill that bosses want, and this one ability covers a lot of ground.

To communicate well, you have to listen carefully, interpret the context of the conversation, express yourself clearly, persuade others of your point of view, check your body language and use an engaging presentation style that won’t intimidate or bore your audience. That’s a big ask!

Your personality traits can influence the way you communicate with others. For instance, some people get straight to the point and center their arguments around facts and logic; others are cooperative and sensitive to how others feel. Both these approaches are equally valuable but there can be misunderstandings if you don’t understand where the other person is coming from.

Taking a comprehensive personality test can help you understand why you communicate the way you do and where your blind spots are. It can also help you understand other communication styles is so you can tailor your communication to the person you’re dealing with.

After all, connecting with your conversation partner is the hallmark of good communication.

2. Flexibility

Change is an essential part of any business. Companies need employees who are flexible enough to work with new initiatives, open to new ideas, and generally are able to tough it out when things don’t go as planned.

Research has found a link between job performance and flexibility over the long term because there will be times when you have to step outside your routine and rise to fresh challenges that didn’t exist before.

Being flexible doesn’t mean you have to hop into a new task or job role like an expert. Rather, it’s about showing you’re willing to accept new responsibility and learn different things.

Advertising

Bosses look for people who are prepared to step outside their comfort zones and are open to alternative solutions when their first idea doesn’t work.

3. Being a Team Player

Working on a team can be challenging but learning to do it well can definitely help you get ahead in your career. Employers look for people who can negotiate, cooperate and manage conflicts with other people to achieve a common goal. That includes the ability to build lasting relationships with customers and clients.

What makes a good team player? Essentially, it’s someone who knows the goal and knows her role. Employers look for evidence that you know your strengths, your responsibilities and how you can best contribute to the team, then put those skills into action by sharing ideas and communicating in a respectful manner. That’s the definition of being a good team player.

This is another area where taking a personality test can help you get ahead. When teams work together, each member brings a unique set of skills and qualities to the group. Research has shown that different combinations of personalities affect how teams collaborate and how productive they are.

Knowing who you are, and how you work on a team, can drive new insights and open the door to better teamwork.

4. Positive Mental Attitude

There are plenty of things you can’t change at work, like the people you work with or the fact that the printer is broken again. The one thing you can change is how much you let these things bother you.

Bosses like people who are calm, rational and upbeat—those who diffuse tensions in the workplace, not get all grouchy and go around slamming doors.

Studies show that people who maintain a sunny disposition have better relationships at work, are happier in their jobs and make better decisions than those who whine and complain. Some suggest that a positive mental attitude can also make you live longer—which means it’s beneficial for every area of your life![1]

It’s not always easy to keep a “glass half full” mentality when work is stressful and the deadlines are piling up. But there are some things you can do to help maintain a positive attitude. Laughing at your unfortunate circumstances keeps the work environment positive, and taking “sanity” breaks can help you keep your cool in high-pressure situations.

Managers look for positive mental attitude in a team member that is ready for a promotion, so it really does pay to keep your cool in challenging situations.

5. A Strong Work Ethic

People with a strong work ethic are committed to the role, persevere when things get tough and are inspired by challenge. These people are ambassadors for the organization, and will always be seen as top talent and ideal candidates.

Advertising

If you can exhibit this skill, then expect to be seen as a great candidate, eligible for new opportunities and positions throughout your career.

Since a strong work ethic can mean different things to different people, it helps to show specific examples of your exceptional work ethic during a performance appraisal or interview. For instance, you might talk about:

  • A time when you persisted in the face of challenges and did not shy away from hard work.
  • How you volunteered to help with projects even though these tasks did not form part of your job description.
  • The networking, workplace learning and skills betterment you’ve undertaken, which shows ambition and drive (people with a strong work ethic have those qualities in spades).
  • How you own your mistakes and never, ever point the finger of blame at others.

For help with building a strong work ethic, check out these tips: How to Build a Reliable Work Ethic

6. Public Speaking

Who’s terrified of public speaking? Pretty much everyone, since public speaking is America’s number one fear, ahead of death at number five and loneliness at number seven.

Yet, according to Warren Buffett, mastering this one skill you could increase your personal value by 50 percent.[2] That’s huge!

If you’re not natural at public speaking, you’re in good company. Buffett had to work hard to overcome his stage fright and once dropped out of a public-speaking course before it started—because he was afraid of public speaking! He eventually realized that he needed to build up his confidence by just doing it; over and over in front of small groups.

For a more structured approach, Toastmasters International teaches public speaking and leadership skills through a variety of pathways. Membership of this non-profit looks good on your resume but the real payoff will come when you can put your newfound skills to use on the job or in the interview room.

Or, you can check out this advice: The Ultimate Public Speaking Tips to Hook and Impress Any Audience

7. Integrity

From a manager’s point of view, the two integrity skills that will set you apart are:

  • Always doing what you say you will do
  • Owning an error instead of minimizing or hiding it

…even when no one is around to check up on you.

There are lots of people who have climbed the ladder without scruples, but they are not the people who others trust, respect and support when promotion time comes around.

Advertising

Behaving with integrity is a safe and consistent way to enhance your reputation and achieve your professional goals.

8. Managing Your Time

Phone calls, texts, Slack pings, meetings, huddles, side projects, multitasking—we are busier today than any generation before us. There’s no denying the workplace is an incredibly distracting place to be.

A lot of us have traded effectiveness for busyness which we wear as a badge of honor, both as a proxy for productivity and to show our value to the company. But what bosses want, what they really, really want, is someone who actually gets stuff done on time.

Time management is not merely the art of being on time, but of managing your time so you focus on the projects that really matter and add value to the business. This means prioritizing well, sticking to schedules, delegating, and not getting distracted by tasks that are easier to perform or less important. It means planning ahead and learning when it’s appropriate to say no.

Time management can be a tough skill to maintain, but not a difficult one to pick up. Monitor your actions for a few days—how long do your tasks take to finish? What’s interrupting you? What causes you to lose focus? Once you have the answers to these questions, you can set a schedule for yourself to make sure you’re spending your time wisely and this valuable asset is never wasted.

These 20 Quick Time Management Tips to Super Boost Your Productivity are also great to try.

9. Assertiveness

In any workplace, you typically will find people with the following conflict styles:

  • Passive: Those who go out of their way to avoid conflict.
  • Passive-aggressive: Those who express their negative feelings through actions rather than words.
  • Aggressive: Those who respond to conflict in a hostile and rude manner. These people get their opinion heard but they won’t make any friends in the process.
  • Assertive: People who stick up for their rights while still respecting the rights of others.

Managers look for assertiveness above all other styles because it allows decisions to be made without conflict or alienating people.

How do you use this information for yourself?

It starts with understanding your personality so you can anticipate how you will react when conflict arises and address your own shortcomings. Then, you can start influencing the team for top results, and securing your own career advancement in the process.

Learn how to be assertive and gain respect:

Advertising

How to Be Assertive and Stand up for Yourself the Smart Way

10. Creative Thinking

LinkedIn recently analyzed over 50,000 skills that employers search for when looking for candidates to find out what skills are currently in demand.[3] Taking the number-one slot on the 2019 soft skills list was creativity: the ability to solve problems and think outside the box.

Creativity is about bringing fresh, and sometimes unorthodox, ideas to the table. This helps companies to innovate, and companies that do not innovate will not survive very long.

How do you showcase your creative thinking skills? The golden rule is to participate.

Be brave and share your ideas during group brainstorming sessions. Volunteer to run a society, networking event or recruitment drive. Ask “what if” questions: “What if we add this information to the client welcome pack?” “What if we eliminate step 3 from the process?”

These activities demonstrate that you’re prepared to go beyond “business as usual” towards creative problem solving—an ability that will serve you every day, all throughout your career.

You can learn to unleash your creativity power:

What Is Creativity? We All Have It, and Need It

Final Thoughts

The good news? Every item on this soft skills list can be learned. Although you may feel lacking in certain areas, taking an inventory of your strengths and weaknesses will allow you to focus in on the areas that you’ll benefit from developing.

So take an inventory of your personality, skills, and talents. This will give you a baseline for your communication style, attitude to change, conscientiousness and more. You can then identify your weak areas and develop strategies for improving your team-building, assertiveness and conflict skills.

The better news? The effort is worth it. Developing your soft skills opens the door to a new job or a promotion, and helps you succeed once you get there.

More Articles to Help Advance Your Career

Featured photo credit: Rachael Gorjestani via unsplash.com

Reference

Read Next