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3 Traits That’ll Take You From Wantrepreneur to Entrepreneur

3 Traits That’ll Take You From Wantrepreneur to Entrepreneur

These traits are embodied by every successful entrepreneur on earth; that said, let’s explore a quick guide on going from Wantrepreneur to Entrepreneur by incorporating the habits, traits, and talents of a successful Entrepreneur.

1. Resourcefulness

Resourcefulness is first on the list, as it should be. It’s the ability to find a way out of no way. It’s acknowledging that Murphy’s Law will have it’s toll on you and still pushing through the hurt of fighting a losing battle. This is the trait that nobody talks about; it fully encapsulates the knowledge each successful person had prior to their success. They made a way for themselves, without relying on the resources that are reserved for the wealthy.

2. Sales Ability

Your ability to sell yourself – not your product, and not your business, yourself. It’s the elevator pitch; your very own Unique Selling Proposition. Your ability to sell will be the only factor at play after you have created your product, so it’s best to be prepared for it. Do not give up hope if you do not have this ability from the get-go. It’s a learned trait that anyone can adopt; it simply takes practice.

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3. Communication

How well and how long you succeed in entrepreneurship will be directly reflected by your ability to communicate effectively, with tact, and while motivating yourself and your employees. It’s the ability to converse effectively with anyone, anytime, anywhere. A little secret that all successful entrepreneurs know is that positive reinforcement goes far beyond that of negative reinforcement.

Adding them Up

Now let us take a look at some icons who effectively embodied all these traits.

What might not seem obvious to some can prove to be inherently evident in the behavior of others. When Thomas Edison partnered with J.P. Morgan to form General Electric, he didn’t have any idea how business should be conducted, but he still had ideas – valuable ideas. Morgan had set out to appropriate most of the western world’s railroads, and succeeded in doing so.

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Do you know how? He had a horrendous face, riddled with scars, and an unearthly nose. He once said, “I can tell the difference in someone’s character by watching them respond to my appearance.” This man was a billionaire in a time when resources were nullified, and sales ability was measured by marketing techniques like placing people, often children on street corners handing out pamphlets. Yet Morgan succeeded, with only four years of schooling and a father that put him out on the street at the age of fourteen. Morgan succeeded because he knew who people wanted him to be, and then upon that realization became that person; he saw what had worked for so many others, and he simply implemented the existing strategies into his own ventures.

After Edison’s partnership concluded, and Morgan went on to other ventures, Edison believed he was now competent enough to operate on his own. He failed, over and over again. Though Edison went on to light the world with his incandescent light bulb, and some figured he’d go beyond that on his next venture, he didn’t. He bought a mine with the appropriated funds he had from the Morgan venture, and he kept inventing, but was soon faced with bankruptcy and looming debt that followed him until his death. He had not applied what Morgan taught him.

Abraham Lincoln is another great example of someone who could succeed in any environment. Lincoln’s mother was murdered in front of him at a young age, and his father, a dock worker, was a quiet man who kept to himself while slaving away day by day. Lincoln had to fight his own battles from a young age, and he had no one who would step in if he got in trouble. He learned how to fend for himself; he is an epitome example of a resourceful person.

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Some described listening to him at the polls before his successful election as the President as uplifting; he was by all definitions the most successful president the world has ever seen, igniting conflict that resulted in the prohibition of slavery, winning a civil war, giving all people equal rights, and drafting laws that still stand today.

Lincoln once appropriated his disappointment in a general in his army by writing a letter riddled with deconstructing criticism. He made it clear that this General had absolutely no grasp over how much he had cost the country. He signaled that this General had cost the country thousands, if not millions of lives. The General had Lee in his reach, his company was trapped, and they had to wait for the reservoir to drain before they could cross the river. I don’t believe anyone would have responded differently.

Do you know what he did with that letter? He never sent it; it was uncovered among his writings after his death. He knew that in order to communicate effectively, he had to have the ability to summon the perspective of the people whom he had led. Many people try to make others see their point of view without ever trying to understand others; they prefer to favor themselves as more competent, or even knowledgeable due to their successes, when the biggest factors at play regarding their success was perseverance and an indomitable spirit.

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There’s a lot that goes into becoming a successful entrepreneur, but if you master the traits set out above you’ll find it a lot easier to navigate the oceans that are the business world. One thing to keep in mind, however unpleasant it may appear, is to keep going, pivot when necessary, but keep on going. Every single entrepreneur who has ever “made it” will have a combination of these traits in common – imagine what you could accomplish by implementing them all.

Featured photo credit: FirmBee via pixabay.com

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Jane Smith

Blogger, Teacher

3 Traits That’ll Take You From Wantrepreneur to Entrepreneur

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Last Updated on August 20, 2019

How to Find New Growth Opportunities at Work

How to Find New Growth Opportunities at Work

Career advancement is an enticement that today’s companies use to lure job candidates. But to truly uncover growth opportunities within a company, it’s up to you to take the initiative to move up.

You can’t rely on recruiter promises that your company will largely hire from within. Even assurances you heard from your direct supervisor during the interviewing process may not pan out. But if you begin a job knowing that you’re ultimately responsible for getting yourself noticed, you will be starting one step ahead.

Accomplished entrepreneur and LinkedIn Co-Founder Reid Hoffman said,

“If you’re not moving forward, you’re moving backward.”

It’s important to recognize that taking charge of your own career advancement, and then mapping out the steps you need to succeed, is key to moving forward on your trajectory.

Make a Point of Positioning Yourself as a Rising Star

As an employee looking for growth opportunities within your current company, you have many avenues to position yourself as a rising star.

As an insider, you’re able to glean insights on company strategies and apply your expertise where it’s most needed. Scout out any skills gaps, then make a point to acquire and apply them. And, when you have creative ideas to offer, make it your mission to gain the ear of those in the organization who can put your ideas to the test.

Valiant shows of commitment and enterprise make managers perk up and take notice, keeping you ahead of both internal and external competitors.

Employ these other useful tips to let your rising star qualities shine:

1. Promote Your Successes to Your Higher-Ups

When your boss casually asks how you’re doing, use this valuable moment to position yourself as indispensable: “I’m floating on clouds because three clients have already commented on how well they like my redesign of the company website.”

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Tell your supervisors about any and all successes. Securing a new contract or signing a new customer should be a cause for celebration. Be sure to let your bosses know.

2. Cultivate Excellent Listening Skills

Listen well, and ask great questions. Realize that people love to talk about themselves.

But if you’re a superb listener, others will confide in you, and you’ll learn from what they share. You may even find out something valuable about your own prospects in the company.

If others view you as even-minded and thoughtful, they’ll respect your ideas and, in turn, listen to what you have to say.

Check out these important listening skills: 13 Powerful Listening Skills to Improve Your Life at Work and at Home

3. Go to All Office Networking Events

Never skip the office Christmas party, your coworker’s retirement party, or any office birthday parties, wedding showers, or congratulatory parties for colleagues.

If others see you as a team player, it will help you rise in your company. These on-site parties will also help you mingle with co-workers whom you might not ordinarily have the chance to see. For special points, help organize one or two of these get-togethers.

Take the Extra Step to Show Your Value to the Company

Managers and HR staff know that it can be less risky – and a lot less costly — to promote from within. As internal staff, you likely have a good grasp of the authority structure and talent pool in the company, and know how to best navigate these networks in achieving both the company’s goals and your own.

The late Nobel-Prize winning economist, Gary Becker, coined the term “firm-specific,” which describes the unique skills required to excel in an individual organization. You, as a current employee, have likely tapped into these specific skills, while external hires may take a year or more to master their nuances.

Know that your experience within the company already provides value, then find ways to add even more value, using these tips:

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4. Show Initiative

Commit yourself to whatever task you’re given, and make a point of going above and beyond.

Position yourself so that you’re ready to take on any growth opportunities that present themselves. If you believe you have skills that have gone untapped, find a manager who will give you a chance to prove your worth.

Accept any stretch assignment that showcases your readiness for advancement. Stay late, and arrive early. Half of getting the best assignments is sticking around long enough to receive them.

5. Set Yourself Apart by Staying up on Everything There Is to Know About Your Company and Its Competitors

Subscribe to and read the online trade journals. Become an active member in your industry’s network of professionals. Go to industry conferences, and learn your competitors’ strategies.

Be the on-the-ground eyes and ears for your organization to stay on top of industry trends.

6. Go to Every Company Meeting Prepared and Ready to Learn

A lot of workers feel meetings are an utter waste of time. They’re not, though, because they provide face-time with higher-ups and those in a position to give you the growth opportunities you need.

Go with the intention of absorbing information and using it to your advantage — including the goals and work styles of your superiors. Respect the agenda, listen more than you speak, and never beleaguer a point.

Accelerate Your Career Growth Opportunities

A recent study found that the five predictors of employees with executive potential were: the right motivation, curiosity, insight, engagement, and determination. These qualities help you stand out, but it’s also important to establish a track record of success and to not appear to be over-reaching in your drive to move up in your company.

Try to see yourself from your boss’s position and evaluate your promote-ability.

Do you display a passion and commitment toward meeting the collective goals of the company? Do you have a motivating influence with team members and show insight and excellence in all your work?

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These qualities will place you front and center when growth opportunities arise.

Use these strategic tips to escalate your opportunities for growth:

7. Find a Mentor

With mentorship programs fast disappearing, this isn’t always easy. But you need to look for someone in the company who has been promoted several times and who also cares about your progress.

Maybe it’s the person who recommended you for the job. Or maybe it’s your direct supervisor. It could even be someone across the hall or in a completely different department.

Talk to her or him about growth opportunities within your company. Maybe she or he can recommend you for a promotion.

Not sure how to find the right mentor? Here’s How to Find a Mentor That Will Help You Succeed.

8. Map out Your Own Growth Opportunity Chart

After you’ve worked at the company for a few months, work out a realistic growth chart for your own development. This should be a reasonable, practical chart — not a pie-in-the-sky wish list of demands.

What’s reasonable? Do you think being promoted within two years is reasonable? What about raises? Try to inform your own growth chart with what you’ve heard about other workers’ raises and promotions.

Once you’ve rigorously charted a realistic path for your personal development within the company, try to talk to your mentor about it.

Keep refining your chart until it seems to work with your skills and proven talents. Then, arrange a time to discuss it with your boss.

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You may want to time the discussion around the time of your performance review. Then your boss can weigh in with what he feels is reasonable, too.

9. Set Your Professional Bar High

Research shows that more than two-thirds of workers are just putting in their time. But through your active engagement in the organization and commitment to giving your best, you can provide the contrast against others giving lackluster performances.

Cultivate the hard skills that keep you on the cutting edge of your profession, while also refining your soft skills. These are the attributes that make you better at embracing diverse perspectives, engendering trust, and harnessing the power of synergy.

Even if you have an unquestionably left-brain career — a financial analyst or biotechnical engineer, for example — you’re always better off when you can form kind, courteous, quality relationships with colleagues.

Let integrity be the cornerstone of all your interactions with clients and co-workers.

The Bottom Line

Growth opportunities are available for those willing to purposely and adeptly manage their own professional growth. As the old adage says,

“Half of life is showing up.”

The other half is sticking around so that when your boss is looking for someone to take on a more significant role, you are among the first who come to mind.

Remember, your career is your business!

More About Continuous Growth

Featured photo credit: Zach Lucero via unsplash.com

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