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These 7 Behaviors Prove That You’re A Born Entrepreneur

These 7 Behaviors Prove That You’re A Born Entrepreneur

Have you always felt like you were destined for more? Like you were meant to strike out and do your own thing? That’s how I’ve always felt. I wasn’t much interested in fitting into society, but was more focused on how I could change it. My earliest memory of entrepreneurship was coming up with the idea to sell balloons to my friends at school. I seem to recall that I would sell them for $2.50. Unfortunately, I wasn’t as intelligent as I was ambitious. I still remember trying to cram a blown-up balloon into my school bag and wondering how I was going to fit in more than one. Fast forward about 20 years and I’ve still got that itch. The company I work for was recently acquired by a huge, billion-dollar corporation. It made me think: Do I want to subject myself to the whims of forces out of my control? The answer was “no”. I felt like I could be an entrepreneur, but I had to model myself after other people who have made it. Here are the seven behaviors I discovered that make people born entrepreneurs:

1.  Never felt as interested in buying things as I did in working out how they were being sold

No matter the craze: Apple products, mobile games, clothes, sneakers, or luxury goods, I couldn’t get sucked in. Instead, I watched on the sidelines as other people couldn’t help themselves and shelled out their hard-earned cash to buy something they couldn’t live without. I was more fascinated how companies and brands did this. What made them so attractive? How did their customers feel after acquiring their products? How did they make them feel this way? I was hell-bent on understanding this.

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2. An insatiable hunger to learn more about people and what makes them take action

I’ve always been interested in people and what makes them tick. There’s this quote which is often attributed to Einstein that I love: “Computers are incredibly fast, accurate, and stupid; humans are incredibly slow, inaccurate, and brilliant; together they are powerful beyond imagination. ”Our brilliance comes from our minds. They can sometimes fail us when we most need them to work, but they have already gotten us this far. Having said this, there are numerous “loopholes” which make us susceptible to triggers that can make normally very rational people behave irrationally. This fascinates me. It’s what makes people consider that something is a bargain if they see a “SALE” sign next to it, even though they may not know what the original price was. If it fascinates you too, then you could be a born entrepreneur.

3. Refusal to settle and accept that this is all there is to life

When I commute to work I try to block myself from the wave of dreariness that hits me every time I board the train. Everyone looks bored and is trying to distract themselves from the reality that they have created. When I surreptitiously peek at their phones it’s always the same culprits: Facebook, Candy Crush, Instagram, envy, instant gratification, and jealousy. This is not how life’s meant to be lived. I don’t have any of those apps on my phone. Don’t get me wrong. Some days I just want to forget the world and get lost in a game. The problem is when it happens every single day, without knowing it you’re conditioning your brain to get stuck in a rut. Once you’re there it’s hard to get out.

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Entrepreneurship is about getting out of your comfort zone every single day. The only thing that’s certain is that there will almost always be a new challenge to throw you off balance. If you don’t like that then the routine of a regular job probably suits you.

4. Have a high emotional intelligence

Being an entrepreneur is less about being smart and more about knowing how to manage your own emotions. Time and time again we see people who have no formal education coming out on top simply because they possess grit and the courage to keep the dream alive. While this might seem simple, it’s not easy. Think about Colonel Sanders trying to find a kitchen that would cook his Kentucky Fried Chicken. 1,009 times he was told “no” before he found a place that would accept his recipe, and now look at the legacy he has left: thousands of jobs and happy customers all over the world. He might not have considered himself an entrepreneur, but in every sense of the word, he was. Would you take 1,009 “no’s”? I’m not even sure I would. Think hard about this before you decide to venture out.

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5. Constantly having ideas of ways to improve existing products

I can’t help it. When I see products I have to analyze them and see whether they can be improved in some way, shape, or form. Sometimes it’s not even the product. It’s the marketing and advertising. If it’s done poorly and doesn’t accurately communicate the benefits it drives me up the wall. This circles back to a desire to understand people. If there’s no interest in people, there’s no interest in their problems. That’s reflected in the product. People don’t want something cool and shiny. They want their itches scratched.

6. Unafraid to lead, be unpopular, and buck the trend for the greater good

This is something a lot of people can’t handle. Too much of their self-worth rests in the basket of other peoples’ opinions. Of course, this is all in their heads; people will respect you more if you tell them “no” sometimes. The difference here is when you’re an entrepreneur and trying to change people’s opinions or behaviors, you’re doing it on scale which is exponentially more difficult. Entrepreneurs are about creating value through new concepts. Sometimes it takes months- maybe years- for acceptance of a concept. That’s why patience and perseverance in the face of rejection are important traits in entrepreneurs. If you aren’t able to do something by yourself for a period of time before it becomes popular, entrepreneurship may not be the right avenue for you.

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7. Great keeper of habits

Entrepreneurs are able to fall in love with boredom and compound consistent, hard work every day. Too often the romantic aspect of entrepreneurship is emphasized, while the hard work involved is overlooked. Yes, entrepreneurship can sometimes provide stomach flips but a lot of the work is also dull and uneventful. For example, you might do a lot of cold calling trying to find customers. Not only can this be nerve- wracking, it’s also dull. In the early days if it’s just you on your own, you might have to do a lot of the writing, coding, or designing yourself, which is hard work and can be monotonous. Entrepreneurship isn’t for people who can’t focus and stick to tasks. Keeping good habits is the fuel that supports the belief that you can create something worthwhile that will benefit society.

How many of these seven behaviors do you possess? Do they reaffirm that you are (or are not) a born entrepreneur?

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Published on August 4, 2020

How Smart Goal Setting Helps You Make Lasting Changes

How Smart Goal Setting Helps You Make Lasting Changes

SMART goal setting is one of the most valuable methods used by high achievers today to actualize their life goals time after time. SMART goal setting is the inverse of random or carefree goal setting without strategy.

Perhaps, you’ve always wished to get back in shape, get an annuity, or take control of your finances, but you failed to act. When you approach your goals with a care-free and nonchalant attitude, you’re less likely to achieve them.

You should have a strategic goal setting method in place, and learning how to set smart goals is imperative in this case. The method is time-tested and purposeful, meaning it can help you achieve your goals now.

To achieve your goals consistently and join the pack of high achievers out there who have consistently achieved many of their goals, you must be prepared to do what these people have been doing, and be ready to do the right thing: SMART goal setting.

What Is the SMART Model for Setting Goals?

SMART goal setting is a goal-setting method that considers certain factors about a goal relative to the person setting it. These factors are simply the five different letters in the SMART acronym for goal setting.

It is relative to the person setting the goal because what is true for A may not be true for B; or what is possible for A or within A’s ability to achieve may not be possible for B or within B’s ability to achieve.

What does the goal setting acronym SMART stand for?

  • S—Specific
  • M—Measurable
  • A—Achievable
  • R—Realistic/Relevant
  • T—Time-bound

Is it possible that this acronym can make a long lasting impact in your life?

Is it possible that a mere goal setting metric like SMART can help you achieve so many of your unfulfilled goals?

Is it possible that if you practice SMART goal setting, you will be able to have faster results, understand your goals better, overcome the habit of procrastination, and achieve a lot?

The power to achieve your goals is in your hands.

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It is important to extend the inquiry by asking: How many times have you said you’ll do “X,” but failed to do so?

We all have goals, and we all have 24 hours each day at our disposal. While some people find it easy to achieve their goals without procrastinating, some find it difficult to do so.

For some people who have succeeded again and again in achieving their goals, they have simply found an easy way of doing this. Is there something they know that you don’t?

How Smart Goal Setting Makes a Lasting Impact

Smart goal setting examples can be found all around you. Through SMART goal setting, Stephen Cooley was able to grow his real estate business to the point of closing at $110 million in sales when the average price point of homes was between $100,000 – $200,000 in South Carolina[1].

Through SMART goal setting, Steve Jobs was able to improve the fortunes of Apple and prevent the company from going bankrupt, even when it had barely 90 days left before being declared so.

SMART goal setting can make a lasting impact in your life in several ways.

Make Your Goal Clearer

When you use the SMART criteria to set goals, it is easier for you to understand the various phases of your goal.

By using SMART goal setting, you’re able to ask yourself relevant questions pertaining to your goal.

Motivate You Into Acting on Your Goals

When you use SMART goal setting and break down the goal into smaller goals or milestones, the bigger goal no longer looks intimidating or impossible.

Jack Canfield, co-author of Chicken Soup for the Soul, wrote in his book How to Get from Where You Are to Where You Want to Be about how they applied the rule of five in marketing their book, Chicken Soup, and were able to make the book a best seller after some months[2]. The rule of five simply means doing five specific things every day that will move you closer to achieving your goal.

In order not to be overwhelmed, you would have to measure your performance using the right metrics. Here we are considering the Measurable and Achievable aspects of the SMART acronym. It is critical that you measure yourself in terms of lead measures.

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What are lead measures? They are the things you do that leads you closer to your goals. On the other hand, you would have to avoid “lag measures.”

While lag measures mean a successful outcome that you wished for and got, they can be emotionally draining and deceitful because, whenever they don’t happen, you can become discouraged.

Therefore, it is better to stick to lead measures.

Help You Save Time

You can achieve more when you use SMART model goal setting.

To be strategic, your goal would have to be specific, measurable, achievable, realistic, and time-bound. If you can’t identify any of these points in your goal, you probably will be wasting your time on a wild goose chase.

When your goals are written down, it’s easier for you to go into action mode.

Improve Your Self-Discipline

Self-improvement is an important thing for everyone to do periodically. When you set SMART goals, it makes you realize that you have to sit up and work on achieving them.

How to Set SMART Goals

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    To make your SMART goals work, use the following tips:

    Specific

    Every goal ought to be specific. It is important to guard against making vague goals because even when they have been achieved, you may not know. This is because you weren’t specific enough.

    For example, “I will start planning toward retirement” is vague. Rather than write that, you could say, “I will start planning toward retirement by starting an annuity plan.” This is more specific.

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    When you are specific on your goal, it’s easier for you to identify all its components and work accordingly toward achieving it.

    Measurable

    Your goals must be measurable. When they are measurable, it’s easier for you to follow through.

    A goal like this is not measurable: “I want to make millions of dollars.” You can make it more measurable by saying, “I want to make one million dollars selling one hundred thousand copies of my book at ten dollars each.”

    Also, using our SMART goal setting examples while explaining the Specific acronym, you can make the goal more measurable by saying, “I will start planning toward retirement by starting an annuity plan and saving $500 every month.”

    Achievable

    How realistic or actionable is your goal? Is it practical enough to fit into a given time frame? Is it something you are able to achieve in your capacity?

    You would only be setting yourself up for failure if you sets goals that are not reasonable.

    A goal like this is highly unrealistic and, therefore, not achievable: “I want to be the Governor of Texas in six months,” especially since the elections will be coming up in three years.

    Goals must be written down relative to the experiences of the one setting them. They must resonate with you. It is important that you have at least some of the resources needed to actualize this goal.

    It is also important that you consider your time frame. When the time frame to achieve a complex goal is too short, it is rare that such goal will be completed.

    Thus, using our previous example, if you write “I want to make one million dollars in ten days selling one hundred thousand copies of my book at ten dollars each,” you would only be setting up yourself for failure.

    This is especially true if you’re not a popular author or if you’ve never sold even up to one thousand copies of any of your previous books, whether e-copy or in print.

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    Realistic/Relevant

    Before you proceed to making the commitment toward that goal, you need think about how realistic and relevant it is.

    Being realistic means you should be willing to make all the commitments required for that goal to be achieved. If your goal is relevant, it fits into the life you’ve imagined for yourself.

    Time-Bound

    Every goal must have a commencement date and an end date written down. It is also important that you break down your goals into phases, chunks, bits, or milestones.

    The act of having deadlines set to your goals is ample motivation that drives you into action. Without a deadline, it is not possible for you to know if you’re making headway with your goals.

    “I will start planning toward retirement by starting an annuity plan and saving $500 every month for the next twenty five years” is a time-bound goal.

    Remember that some goals are short-term while some are long-term. It is important to always bear this in mind, because this will help you in making a clear and realistic strategy when SMART goal planning.

    Without SMART goal setting in view, much of our goals may likely end in our minds, on paper, or just midway into implementation. SMART goal setting reveals to us all the action points of our goals and helps us to have an awareness of every aspect of our goals.

    The Bottom Line

    What matters at the end of the day is what you do with the contents of this article because the power to achieve your goals is in your hands.

    It is not enough to have a goal. It is not enough to put it down in writing. It is important to have a strategy in mind while putting it down. This strategy is a guideline or set of rules that point you in the right direction. It is SMART goal setting in the given circumstance.

    After writing down your goals, you will have to be ready to take action. There should be a clear action point. Write down what you need to do on daily, weekly, or monthly basis.

    When your goals are realistic, they make them worth the chase. One of the things to bear in mind is that, in order not to be overwhelmed by the daunting nature of your goals, remember to always break them into milestones, chunks, or bits. In fact, take one day at a time.

    Do not bother yourself with the one-year, three-year, five-year or ten-year plan as this may likely overwhelm you with fear and doubt. Let your focus be on each day. What will I be doing today? Consider this and go for it.

    More on the SMART Model for Setting Goals

    Featured photo credit: Kelly Sikkema via unsplash.com

    Reference

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