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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 June 13, 2019

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

Knowledge is power, and you’re going to need a lot of it if you’re going to be able to steer your business to success.

Without further ado, let’s take a look at the 15 best entrepreneurs books to get inspirations about success and grow your business.

1. Think and Grow Rich by Napoleon Hill

    This book has been dubbed the Granddaddy of All Motivational Literature, and it was actually the first book that gave a prescription of what it takes to be a winner.

    Napoleon Hill draws from the stories of millionaires like Henry Ford, Andrew Carnegie, and Thomas Edison to illustrate the principles he put forth.

    Get the book here!

    2. The Lean Startup by Eric Reis

      A lot of startups end up failing, but many of these failures are actually avoidable. The Lean Startup provides a different approach that is now being adopted all over the world and changing the way that companies are developed and products are being launched.

      In The Lean Startup, Eric Reis describes what is required for a company to penetrate the fog of uncertainty in order to discover a path to a sustainable and successful business.

      Get the book here!

      3. The E-Myth Revisited by Michael E. Gerber

        In a revised edition of the 150,000-copy bestseller, The E-Myth, Michael Gerber refutes some of the myths that surround starting your own business and shows just how commonplace assumptions can end up getting in the way of being able to run a successful business.

        Gerber succeeds in walking the reader through the steps that occur in the life of a business, from infancy, through the pains of growing as an adolescent, to the perspective of the mature entrepreneur.

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        Get the book here!

        4. Rework by Jason Fried

          Most of the business books that you get today will give you the same advice: draft a business plan, study the competition, look for investors, and all that.

          However, Rework shows you a more effective, easier and faster means of succeeding when running a business. By reading it, you’ll be able to know why some plans are harmful, why you don’t really need to get investors, and why you’re better of shutting out your competition.

          Get the book here!

          5. How to Win Friends and Influence People by Dale Carnegie

            This is one of the most successful motivational books in history, selling well over 15 million copies since it was released in 1936. The book is timeless, and it appeals to businesses, self-help startups, and general readers.

            Carnegie believes that a lot of successes come from an ability to communicate rather than having brilliant insights. In his book, he teaches how to value others and make them feel appreciated and loved.

            Get the book here!

            6. Outliers: The Story of Success by Malcolm Gladwell

              Through this amazing book, Malcolm Gladwell is able to take the reader on an intellectual journey through the world of ‘outliers’. He asks the question of what truly differentiates high-achievers.

              His answer to this question is that we tend to pay too much attention to what successful people are like, and less attention to where they are actually from.

              Get the book here!

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              7. Rich Dad, Poor Dad by Robert T. Kiyosaki

                This is the best personal finance book ever written. It tells the story of Kiyosaki and his two fathers; his real father, and that of his best friend (his rich dad), as well as how the two men helped him shape his opinions on money and investing.

                It refutes the myth that you need to earn high to become rich, and it distinguishes between working for money and having money work for you.

                Get the book here!

                8. The Ascent of Money: The Financial History of the World by Niall Ferguson

                  Niall Ferguson, in this book, follows the money to tell the story behind the evolution of the word’s financial system, from the beginning way back in ancient Mesopotamia to the latest occurrences in what he had dubbed Planet Finance.

                  Fergusson also reveals financial history as the backstory behind our very own history, with an argument that the evolution of debt and credit is as significant as the history of technological innovation and the rise of civilization.

                  Get the book here!

                  9. Liar’s Poker by Michael Lewis

                    Michael Lewis landed a job at Salomon Brothers after getting out of the London School of Economics and Princeton within three years, he had risen to the rank of bond salesman, making millions for the firm and cashing out steadily.

                    Liar’s Poker is the amalgamation of these years — a look behind the scenes at one of the most turbulent times in American business. His book is Lewis’s account of an era where greed and gluttony were the order of the day.

                    Get the book here!

                    10. Drive: The Surprising Truth about What Motivates Us by Michael H. Pink

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                      A lot of people see money as the best motivator. Michael pink says it’s a mistake.

                      In this provocative book, he asserts that the secret to high performance anywhere is the need to direct our lives, to learn and create, and to do better by our world and ourselves.

                      Get the book here!

                      11. Getting Things Done: The Art of Stress-Free Productivity by David Allen

                        Outdated methods don’t work in today’s world. In this book, Allen shares some awesome methods for stress-free performance that he has shared with thousands of people all over the world.

                        His premise? That productivity is proportional to your ability to relax.

                        Get the book here!

                        12. The 7 Habits of Highly Effective People by Stephen R. Covey

                          In this book, Stephen Covey presents a holistic approach for overcoming both professional and personal issues. With insights and anecdotes, Covey presents a way to live with integrity fairness, service and dignity.

                          Get the book here!

                          13. The 4-Hour Workweek: Escape the 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss

                            In this book, Ferriss dishes on the tips he has learned from studying the New Rich, a subculture of people who did away with the deferred life plan and mastered time and mobility to developed luxury lifestyles for themselves.

                            If you’re looking to make your way in this revolutionary new world, this here is your compass.

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                            Get the book here!

                            14. Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh

                              The CEO of Zappos shows how a unique kind of corporate identity can help deliver a huge difference in the way results are being achieved — by creating a company that values and delivers happiness.

                              Get the book here!

                              15. Losing My Virginity: How I Survived, Had Fun, and Made a Fortune Doing Business My Way by Richard Branson

                                From Virgin Atlantic Airways, Virgin Records and V2 to Virgin Cola, Virgin Megastores and a wide array of other companies, Richard Branson is the rockstar billionaire that a lot of us want to be.

                                Branson, however, did business by following a simple philosophy:

                                “Oh, screw it, let’s do it”

                                Losing My Virginity is an unusual, borderline outrageous autobiography of one of the greatest business geniuses in the world. Branson and his friends named their business “Virgin” because that was what they were — virgins at the game.

                                Since then, he’s written his success rules, creating a global business that has no headquarters, no management structure no corporate identity as it were.

                                Get the book here!

                                More Inspirations for Entrepreneurs

                                Featured photo credit: rawpixel via unsplash.com

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