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15 Signs You Have What It Takes To Be A Real Successful Entrepreneur

15 Signs You Have What It Takes To Be A Real Successful Entrepreneur

Unemployment rates are diminishing and more jobs are available than there were in the past couple years, but it’s still one of the best times to become your own boss. If you’re thinking about opening your own business, go through this list and see if you have what it takes to become a successful entrepreneur.

1. You have a never-ending passion.

If you’re thinking about opening your own business, you obviously already have great passion. Whether you want to become a business consultant or open a bakery, you love what you do enough to want to do it for a living. Your passion means that you can not only work full time, but you can live and breathe whatever you choose to do without burning out.

2. You serve as a fountain of ideas.

Do you have one good idea for a business that keeps coming to mind? That’s not a bad start, but to be successful, it’s best if you have a nonstop flow of ideas. You need to be able to think up the basis for your business, a way to refresh your image after awhile, how to get your name out there and how to make sure what you’re doing is necessary for the community. The ideas should just keep coming to you, whether it happens naturally, while you’re sleeping or during a scheduled brainstorming session.

3. You’re not afraid to work really hard.

If you think owning your own business is fun, you’re wrong. It helps that you have the love and passion to make it fun, but it’s going to take a long time to get there. First you’re going to have to work really hard. You’re starting with nothing, building a business and a name for yourself. You not only have to think about your business name, identity, logo, storefront, products and website, but you also have to think about what you’ll charge to make a profit and the taxes you’ll have to pay. If you have what it takes to be a successful entrepreneur, none of that scares you because you’re willing to work really hard for what you want to achieve.

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4. You don’t like to give up.

You’ve made it this far, so you seem like you’re eager to stick with things. If you’re going to be a great business owner, you don’t like to give up, and it’s really hard to make you give up. You don’t get discouraged if there’s a lot to be done, or someone says something negative, or something doesn’t go the right way. In fact, obstacles like those make you work even harder!

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    5. You’re willing and able to learn from everyone.

    Entrepreneurs don’t ignore people who might not be in their field or have their best interests in mind. You have to be willing to listen to anyone, because you never know who might have good advice or inspire a great idea. You can’t write someone off because they don’t own a business or don’t seem successful, because you can learn lessons in the most random places.

    6. You’re a calculated risk-taker.

    Opening your own business is a huge risk in itself, but it’s just the first. You need to be ready to keep taking more risks in order to keep your business afloat. This means you have to be open to uncertainty, but also that you know what risks are worth it. You can’t put all your money into one venture and hope it succeeds and can fuel the rest of your business, because if it fails, you’re out. You can, however, put a great deal of money into something innovative to see if it works, because then you might be on the cutting edge of something new. If it fails, you’ll have lost some money and learned from the risk so you can appropriately further your business in the future.

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    7. You can see the big picture.

    When you’re excited to open your own business, it’s easy to stop looking at the big picture because you’re ready to get started, and you naively think you’re going to succeed immediately. Successful entrepreneurs don’t get caught up in the excitement, and instead can see the big picture. They know there will be hard times but don’t get discouraged because they know ups and downs are part of the big picture.

    8. You keep up with the times.

    Business owners have to be on the cutting edge of technology, the community they’re in, marketing and more. For example, anyone selling their wares remotely, like from a food truck or at a crafts fair, will have the ability to run a credit card through their smartphone. If you’re not up on this type of technology, you could lose a lot of business by only accepting cash if you’re working remotely. Successful entrepreneurs know what’s going on that will help them push their business even the tiniest bit farther.

    9. You’re not afraid to ask for help.

    Just like listening to advice from a variety of people, successful business owners aren’t afraid to ask for help. Just because you’re branching out on your own and being in charge doesn’t mean you have to do it all alone. Ask for help from your family or your employees if you need it, whether it’s physical help or just emotional support. Ask fellow business owners for advice if you need a push to stay positive. The more connected you are with those around you, the more help you’ll find.

    10. You’re able to complete things.

    Business owners have to step up and complete everything that’s on their plates. You can’t only do the easy tasks, or the ones that can be done quickly. If certain projects seem too daunting, divide them into smaller tasks that seem more manageable. Tackle your To Do list and make sure you complete all that needs to be done, or else your business will suffer.

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    11. You don’t procrastinate.

    When you’re your own boss, you can’t put things off. There’s no one higher up than you to take care of the important things, and no one below you to shove the boring tasks off on. You have to do it all yourself, and you have to be able to do it in a timely manner. The longer you put things off, the harder it is to do them; when you own your own business, this might make the difference between landing a major client and losing a job bid completely.

    12. You’re excited about what you do.

    Excitement is crucial when you’re your own boss, because you don’t have anyone else to motivate you. You need to keep yourself positive by constantly having a drive and desire to get up and work every day. As soon as your excitement starts to falter, your business will suffer because you’re not putting in enough love and effort to keep it afloat.

    13. You use your imagination.

    Business owners are innovative; they stay on top of their game and use their imaginations to brainstorm anything from business names and logos to marketing ideas and ways to reach out into the community and stay fresh. You can’t depend on hiring outside help to implement all of this – it’s your business, so you need to be the brains behind it! Your imagination runs nonstop and you never toss out an idea because it seems ridiculous; good entrepreneurs will give anything a try, because you never know what will work!

    14. You’re a social person.

    Being your own boss or working by yourself can seem like a lonely endeavor, but in reality you need to be a social person. Business owners have to network way more than people who are employees within a larger company. Entrepreneurs have to reach out into the community and see what is needed and what they can do to make their business important. They can’t just stay faceless behind a computer, they need to socialize with their customers and clients and have good people skills.

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    15. You like to give back.

    Entrepreneurs can’t be selfish and successful — you have to give back! So many small businesses donate a portion of their profits to charity these days that it really sticks out when they don’t. Giving back doesn’t have to be limited to financial giving, though. Entrepreneurs who volunteer or give motivational speeches at schools are also giving people, and don’t mind donating their time and knowledge to such appointments.

    Do you fit these characteristics? If so, get out there and make it work!

    Featured photo credit: the UMF via flickr.com

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    Last Updated on September 18, 2020

    How to Be More Self-Assured and Get More Done During the Week

    How to Be More Self-Assured and Get More Done During the Week

    Time is a great leveler isn’t it? We all have the same 24 hours in a day. Even if you’re self-assured, the day may never feel quite long enough.

    Why is it that some people can be so much more productive and achieve so much more in a typical day, while others struggle to achieve anything apart from feeling time crunched and overwhelmed?

    Everyone I know and work with wants to make the best use of their time. They want to learn how to be more self-assured, happier, and work less—all while growing in their career.

    How effectively we use our time—and how we actually work in our business—can make a huge difference to the amount we accomplish in a day or week. It can also make us more focused and more confident.

    Do you want to have more thinking and creative time? Do you want to spend more time working on your business rather than working at or in your business? In this article, we’ll show you how.

    Get More Done by Gaining Confidence

    What if you had a strategy for making the best use of your time that brings you more joy and allows you to focus on the biggest activities and opportunities in your business? You may find the following outline below to be helpful:

    1. Create an Exciting Vision

    If you don’t know where you’re going, how do you know when you get there?

    You want to be more productive and spend more time getting the right stuff done. Well, you need to create a compelling and exciting vision of your future.

    What does this future look like? How will you feel when you get there?

    Creating a new vision, especially one that is a lot bigger than where you are right now, has a way of igniting your passion. It may be something that feels hard to achieve, but every step you take towards that bigger vision will certainly build your confidence.

    Create a vision board to feel more self-assured.

      Commitment to this vision, and accomplishing continual daily progress depends on your ability to look at any situation you’re faced with or currently in, feel self-assured, and see something bigger ahead.

      Also, when you know where you’re headed, you will instinctively start to see all the new opportunities and connections that will get you there.

      Make a vision map to get you started on the path to better productivity. This doesn’t have to be fully actualized, but you should know at least what direction you are heading.

      2. Build a Strategic Plan

      Once you have your future vision mapped out, the next step is to build a strategic plan to get you there.

      Your future vision may be for 3 years or 5 years, or you may choose a longer time frame. Any timeframe over 3 years may feel like a long way away.

      You may wonder how you are ever going to feel confident and motivated on this bigger future years from now when you feel as though you have so much to accomplish today.

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      The first step is to decide on some specific goals for the next 12 months. Don’t list too many or you may begin to feel overwhelmed.

      The magic number for me and my clients is usually five annual goals.

      These are big goals that will create massive change in your business and life and bridge your current situation to your bigger future; accomplishing these goals one by one will help to increase your confidence on a daily basis.

      3. Get on Goal Planning

      Get yourself a piece of blank paper and a pen and divide the paper into 4 columns: A, B, C, and D.

      Ask yourself the question: What is great in my business and life right now? Write these things down in Column A. This might be a couple of things, five things, ten things, whatever feels right to you.

      Then ask yourself: What things are happening right now that I don’t want in my future? Write these things down in Column B.

      This is your opportunity to take a step back and look at the things that are simply not working. You may list people that are bringing you down or projects that you don’t want to work on any more. Maybe you’ll include a service offering that’s going nowhere. It could be the people you’re working with, or it could be your pricing.

      Now, let’s look at your personal strengths. Write down everything that you’re great at in Column C.

      These could be things that you’re doing right now and having success with. It could also be things you know you’re awesome at but you’re not spending enough time on.

      Column D is for your biggest opportunities. Is there a new service/product you could offer your ideal customers? Is there a new innovation you could bring to market? Just take some time out and really think and list these things in Column D.

      Once you’ve analyzed everything you’ve written down, take some time to really think about what goals you want to set for your business and life in the next 12 months.

      4. Set Outcomes to Build Confidence

      You now have your goals, and you’ll feel self-assured and raring to go. They are written down and you’re committed to achieving them. You feel self-assured and motivated.

      But how do you ensure that you stay on the correct course to achieve these goals?

      Managing and juggling day-to-day projects can get in the way. Dealing with problems can get in the way. Staying on top of orders, managing cash flow, and handling day-to-day stuff can move your ship off course.

      You want to be productive and achieve your goals, but you also need to ensure the day and week runs smoothly.

      One way to ensure this happens is to set 90 Day Outcome Goals; within those Outcome Goals, put some specific process goals that need to be undertaken.

      Let’s say you want to get 10 more speaking jobs in the next 90 days, and you know that you typically convert 50% of opportunities.

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      Therefore, your process goal needs to be to have 20 conversations in the next 90 Days to deliver the 10 new pieces of work. You will then work out who you can have those conversations with.

      It’s smart to overshoot, so you will more easily hit your target. This is a clear plan to work through because with every win, your confidence will grow.

      5. Completely Commit to Your Success

      If you are not truly committed to achieving your goals, then chances are that you won’t reach them.

      Motivation can only take you so far. It is the intentional commitment[1] and emotional investment in your future success that will move you forward.

      Think back to any time that you really committed to achieving something. There must have been a reason you actually achieved what you set out to achieve. What motivated you?

      Were you fully invested? Why did it matter? Did you have to be really courageous to achieve it?

      How did it feel when you achieved it? What difference did it make?

      When have you felt truly self-assured? When you are committed to something, then you are propelled into action. Your mindset is focused, and your body follows; you want to get it done.

      And, when you do get it done, your confidence goes through the roof. You feel a level of certainty in achieving the goal you set out to accomplish.

      6. Focus on Your Strengths

      To feel self-assured and build up the confidence needed to achieve our biggest goals, we need to focus on our strengths.

      What are you best at? What are your unique skills? You want to spend as much time as you can working in the areas that you’re great at.

      Multiply your strengths. These areas are where you add the biggest value. They often bring you the biggest amount of joy, and you feel more and more confident when you are using your unique skills.

      If you think there is a specific capability you need to learn or be better at, spend more focused time in that area.

      Many of us want to do it all. We want to be good at everything. We want to offer a lot of services. But, in reality, there are some very specific things we are great at; nobody is good at everything!

      Spending more time adding value in the areas where you excel can create breakthrough results and boost confidence.

      7. Embrace the Present

      Sometimes we spend so much time thinking about the future or worrying about the past that we forget the present moment[2].

      Are you spending most of your day reacting to things, or have you taken the time to think about what your perfect day looks like?

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      We all have the opportunity to create rather than react, to decide what we do with our day. All of our future success can be created in the present moment if we just take a step back and take action.

      Sometimes, doing it now is more important than doing it perfectly. There are hidden opportunities in every moment. We need to make sure we don’t miss them if we want to feel self-assured.

      8. Calm the Whirlwind

      The day-to-day life in business and life can be hard, which leads us to feel less self-assured.

      Your mind may be full to bursting with all of the things you feel you have to do. The phrase “I don’t have time” has almost become an instant reaction by so many people when new opportunities are presented.

      There is a whirlwind happening inside our minds.

      Appointments, notifications, tasks, phone calls, errands, cash flow, staffing issues, networking, marketing all can clutter up our timeline. The sheer volume of things we feel we should do creates procrastination, stopping us from pursuing the projects and people that matter.

      Many of us feel we have to do everything within our business.

      Rather than simplifying things and doing less, we do more. We work longer, which creates a lack of energy and focus. Because of this, we lose clarity on our biggest opportunities. If you feel this way, take some well-deserved time off.

      Look at where you’re spending your time. How much of your time is being spent moving your ideas forward?

      In the next 90 days, if you could delegate or outsource more daily tasks and spend more time focusing on where you add the biggest value, what difference would it make?

      Calm the whirlwind by slowing down and doing less.

      Focus on areas that you add the biggest amount of value. By doing this, your energy levels will increase, your confidence will grow and you will have more success.

      9. Take More Time off

      This may seem counterintuitive, but taking more time off to recharge and refocus can pay huge dividends.

      If you are constantly fighting fires and caught up in the myriad of different activities that you have to do each day, then how can you move your business forward?

      You may be being pulled in difference directions without any focused time on your biggest projects. If that’s the case, then it’s almost impossible to gain any real momentum in moving your business forward and hitting your goals.

      The best way to get off that treadmill is to take more creative time out of the business.

      Could you realistically take one day off per month to work on your business? If you could, what would you do with this time?

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      Just imagine no distractions, only focused time on the strategic development and growth of your business.

      Every day off per month could have a different focus: New product innovation; Thinking about your biggest clients; Improving operations.

      Add to this a quarterly review to check in with your goals progress, and this could have a dramatic effect on where you spend your valuable time.

      10. Celebrate Wins

      Sometimes you just want to get through the day, right?

      You have so much to do. There are so many things on your task list that you just complete what you can and then start another day. But what would happen if, at the end of each day, you took some time out to look at what you’ve accomplished?

      Celebrating success keeps you motivated and helps you become more self-assured. It is not just another day. It’s a day that included things that should be celebrated.

      If you’re struggling to feel motivated, try celebrating a couple of wins each day.

      Celebrating success combined with the gratitude you have for achieving those wins will boost your confidence and inspire you for the next day.

      11. Give Yourself More Space

      When was the last time you gave yourself time to think?

      Within the hustle and bustle, it can be difficult to give yourself a little bit of space and time to just think[3].

      Imagine giving yourself just an hour a day to just let your mind wander or think about a specific thing.

      If you think about it, we can all free up an hour a day for something without really losing any efficiency or really impacting our business.

      In fact, that hour could be transformational for your business and life.

      A new idea for a product could form, or an idea for adding value to your existing clients could materialize. Perhaps you could do a check in to your ideal future and your goals. You could decide that you want to take your business in a new direction.

      Try this: Just sit alone for an hour with a notebook and let it be your creative thinking time. See what happens.

      Final Thoughts

      Ultimately, being self-assured happens when you have a clear direction.

      This, coupled with having clear goals and working in your unique skill-set, gives you the biggest opportunity to be more productive and get more of the right things done.

      The old mantra that “less is more” is right on the money. By giving yourself more time to work on your goals, you will inevitably increase your confidence; at this point, your ideal future can be anything you want it to be.

      More on How to Be Self-Assured

      Featured photo credit: Nathan Dumlao via unsplash.com

      Reference

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