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5 Steps To Become A True Entrepreneur From One College Dropout Who Reinvented Himself

5 Steps To Become A True Entrepreneur From One College Dropout Who Reinvented Himself

Dropping out of college and hanging out in your parents’ garage aren’t parts of the traditional recipe for success. In Sam Ovens case, something was different. By his second year of university, Sam knew that staying in school was not doing him any good. He wasn’t interested in the 9 to 5. Like most budding entrepreneurs, he wanted something different – something better.

In 4 short years, Sam made $10,000,000 dollars and moved out of his parents’ New Zealand garage to Manhattan. Sam rewrote the playbook for the consulting industry, and, at 26, he’s one of the fastest-rising successful entrepreneurs. There was no magic moment that turned his life around, and his rapid success offers lessons for other, would-be entrepreneurs.

Successful Entrepreneurs Are Made by Experience

OVENS International, the consulting company that led to this entrepreneur’s wild success, was not his first business. It wasn’t even his first successful business. It did change the way he thinks about entrepreneurship, however. From his parents’ garage, Ovens had started several previous businesses, including a reverse job board that flopped after nine months of hard work and investment. He had nothing, but didn’t quit.

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Research shows that he was in good company, repeat entrepreneurs are more successful. Learning from mistakes is what separates a business owner with a decent shot at success from someone like Sam Ovens, who entered the business consulting industry, flipped it on its head, and enjoyed wild success by the age of 26.

Never Underestimate the Value of Being Organized

Repeat business ownership can teach valuable lessons, but only if you are prepared to learn from previous mistakes. Planning and organizing are vital to an entrepreneur’s skillset for a few reasons, most importantly because you can’t learn a lesson from the past if you don’t know where things went wrong in the first place.

There is another reason to stay organized and plan. Building your personal brand takes time and commitment. Your agenda will already be packed, and if you aren’t following a schedule and planning, making time for personal branding could be easy to overlook. Your personal brand is just as important as your company’s branding. Look at Steve Jobs, Elon Musk, Bill Gates, Richard Branson – their names are synonymous with the companies they created.

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Look for Solutions Where Others Think They are Impossible

One lesson repeat entrepreneurs master is the need to rethink approaches, both theirs and accepted industry practices. The willingness to self-criticize, analyze, and innovate are skills that make breakthroughs more possible.

One of the most common questions startup owners are asked is how they came up with their ideas. Sam’s story offers a clear lesson on this count. The innovative nature of startups is often a result of the analytical nature of the people running them. Innovation isn’t a one-time event in a successful startup’s life. Success doesn’t revolve around a single decision. It’s a process that evolves over time, as important decisions are evaluated and reevaluated. The willingness to rethink what existed is why Ovens’ consulting firm succeeded so quickly, and how he could reshape the industry’s grey areas into a clear science.

Talk to People

No matter how amazing your product or service is, it cannot sell itself. Talking with people about what you do is a major step in advancing your brand, and one that can be particularly difficult for introverts. Start with your personal network. Discuss your business with friends and family, and sell them on what you do. It’s often easier to sell to your personal network. They already know you, and talking with them is less intimidating than approaching strangers.

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Once you have your elevator pitch mastered and have made a few sales in your personal network, ask for referrals. Grow your business through family and friends first, and ask for testimonials. The ego boost from a few good testimonials will help you to get over any rejection you might face later and you can also use them to help attract new customers.

Last Word – Keep Analyzing and Evaluating Your Decisions

Sam Ovens took an incredible journey from living in a garage with three failed businesses behind him to managing a multimillion dollar consulting firm from Manhattan. He’s made millionaires out of nine other consultants and helped nearly 140 more earn six-figure incomes. His success is the product of repeatedly analyzing and evaluating himself and his company and remaining flexible but persistent.

Look in the mirror. Don’t be afraid to criticize yourself or your business. The change brought on through careful analysis can take your business from a pipe dream to an overnight success.

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Featured photo credit: http://www.pixabay.com via pixabay.com

More by this author

Casey Imafidon

Specialized in motivation and personal growth, providing advice to make readers fulfilled and spurred on to achieve all that they desire in life.

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Last Updated on February 15, 2019

How to Achieve Goals and Increase Your Chance of Success

How to Achieve Goals and Increase Your Chance of Success

Does it ever feel like the things you want to accomplish always end up on the back burner? If the answer to that question is “yes,” you’re not alone. Only about 33% of people consistently work toward their goals. In some cases, their goals may seem too lofty to accomplish, or else they aren’t sure how to make a plan for them.

If you don’t come up with concrete steps to take toward your goals, they’ll remain dreams. There’s nothing wrong with being a dreamer, but being able to turn your dreams into goals you can realize will help you lead a happier and more fulfilling life.

Luckily, you can realize almost any dream when you harness the right goal-setting methods.

In this article, I’ll show you how to achieve goals and get closer you success.

1. Break your dreams down into specific and measurable steps

We couldn’t talk about goal-setting without mentioning SMART goals.

SMART goals are specific, measurable, assignable, realistic, and time-related.

Specific and measurable steps are so important because if we don’t know what our target it, how can we ever hit it?

Take all those beautiful dreams you have for yourself and make them into things you can actually do. If you want to be an entrepreneur, for example, a step toward realizing your dream might be researching what you’ll need to start your business.

Find out more tips about utilizing SMART goals here:

How to Use SMART Goal to Become Highly Successful in Life

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2. Have at least one clearly defined goal for every interest and role in your life

It’s so easy to become complacent or stagnate. We often think that our careers are the only places where we need to set goals, but we aren’t only what we do.

To make the most of your life, take the approach that you’re always learning and growing in everything you do. Anything worth doing is worth doing well after all.

Set goals whether you’re sponsoring an activity for your child, taking up guitar lessons or trying to prove your worth at work.

You’ll notice that this approach forces you to constantly develop new skills. It can also be fulfilling to put more focus and value into all areas of your life— not just the ones related to our careers.

3. Align your goals with your life’s mission, purpose and passion

Take the opportunity to do some soul-searching. What is it that you want to do with this precious life of yours?

Anything that conflicts with your life’s purpose is bound to cause discontent. Staying in a bad relationship, doing a job that goes against your values, or maintaining the status quo just because it’s comfortable are not options for you.

Thinking about your goals in this way can help you eliminate things in your life that don’t serve you. This frees up mental space that you can use to do the things you care about the most.

Many of us struggle to find the time to work on our goals, but this strategy enables you to make more time.

4. Create goals that ignite your spirit and inspire you to take action

If you can’t be fired up about your goals from the start, they might not be good goals for you.

The road to success is often tough. You’re going to have times when you might feel tired or discouraged.

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You need to feel inspired enough that you’ll be able to overcome obstacles as you encounter them.

If what you’re doing motivates you to be the greatest version of yourself, you’ll be much more resilient.

5. Write down all your goals in specific, measurable detail

This is your road map for what success will look like. The more you define what you want the finished product to be, the greater the chance that you’ll reach that vision.

When you write down your goals, you’re creating a document that you can revisit to make sure you’re on track.

When you’re in the middle of trying to achieve a big goal, it can be hard to see what’s working for you. The things you write in this step will help you stay on-message as you take your goals out of your mind and into the real world.

Don’t just write down your goals and stash them away in a folder somewhere. Take the extra step to put them somewhere where you’ll see them.[1]

If you have too many goals to post on your desk, write a summary or choose one or two steps to work on for the day. Just seeing them will keep them in the front of your mind.

6. Commit to hitting each of your targets without exception

You wouldn’t have created the target if you didn’t think it was necessary. Hold yourself accountable for taking the steps to succeed.

You can always adapt your strategy or break your targets into smaller steps if you find that they aren’t attainable as you originally wrote them.

Hitting even the smallest target is cause for a celebration. It’s a step in the positive direction. Your success will make you crave more success.

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We often make excuses when we get tired or overwhelmed. Take away the option to make excuses. You will only be satisfied with the best effort from yourself.

7. Share your goals with others to motivate each other

There’s something so powerful about people sharing their goals and dreams with one another. Doing so gives voice to some part of us that could remain hidden (and therefore never be accomplished).

When other people know about your goals, they can cheer you on and hold you accountable. When people share their vision with you, you can do the same for them.

This strategy is particularly beneficial when you’re trying to develop healthy habits. Post about your workout on social media, or do a healthy eating challenge with your best friend. You’ll be less likely to slack when temptation arises, and you’ll probably encourage someone else to reach for their goals too.

8. Set a series of daily, weekly and long-term goals, complete with starting times and deadlines

Many goals never reach realization simply because the goal-setter doesn’t check their progress. People tend to forget what they set out to do, or their goal gets crowded out by other obligations.

Forcing yourself to revisit your goals at regular intervals breaks them into smaller steps and it reminds you to think about them.

Giving yourself regular deadlines for smaller tasks related to your goals also helps you reflect on your strategy. You’ll figure out what works for you, whether your timeline is realistic, and whether or not you need additional help to stay on track.

In addition, celebrating small wins helps you stay motivated. Here’s how:

How To Celebrate Small Wins To Achieve Big Goals

9. Take 10 minutes every day to imagine how great it will feel to achieve your goals

Visualization is such a powerful tool. Some of the most successful athletes, celebrities and business people take time each day to think about how success looks and feels for them.[2] Imagining that feeling of satisfaction can be a great motivator.

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When you do meet your goals, take some time to be grateful. Thank yourself for showing up and doing the work. Be grateful when the stars align properly to help you advance to the next step.

It’s not just getting to the destination of your goals that matters. How you take the journey is important too.

10. Take an action step toward reaching your goals every day

Your goals can easily get buried in the hustle and the bustle. Even the smallest step in the right direction is still moving you forward.

Keep chipping away at the work every day and before long, you’ll start to see those dreams come to life.

Maybe you didn’t start your business today but you designed the logo that’s going to go on your website and business cards. Doing that task well is going to help you so much in the long run.

Concrete actions day by day draw your dreams out of obscurity and into the realm of possibility.

The Bottom Line

Dreams can inspire and overwhelm us. By turning our dreams into goals that we can work toward, we increase our chances of success. Things that once seemed impossible are suddenly within reach.

It’s time to start turning your dreams into goals and your goals into realities. Change begins today.

More Resources About Setting & Achieving Goals

Featured photo credit: Andrew Neel via unsplash.com

Reference

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