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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 January 24, 2020

    10 Good Habits To Have in Life To Be More Successful

    10 Good Habits To Have in Life To Be More Successful

    Habits are behaviors and patterns that you showcase by default. They enable you to carry out crucial activities like taking a shower, brushing your teeth, getting prepared for work.

    Interestingly, you follow this routine every day without considering them. Your unconscious habits create room for your brain to perform more advanced activities like problem-solving and choosing what book to read.

    Everyone has habits, and several of those habits are activated every day. I would classify them into three groups:

    • The first category includes the habits that you hardly notice as they have become a major part of your life- such as brushing teeth or wearing clothes.
    • The second category comprises good habits to have to be more successful-like eating healthily, exercising your body and reading books.
    • The last group consists of those habits that are harmful-like procrastinating, smoking or overeating.

    Habits are fundamental to becoming successful in life — or probably ending up a failure. Yet, as significant as habits are, some lack the knowledge of their capabilities.

    Habits are default activities that you engage in without giving an afterthought. They are automatic behavioral or mental activities. They help you carry out some actions without exerting too much energy. They simplify your life.

    Several people aspire to break bad habits. For instance, some people diet to stop overeating. They exercise to reduce obesity. Habits can hinder or impact your performance and productivity.

    That’s why I would share 10 good habits to have to be more successful in life.

    1. Begin Your Day with Meditation

    I recommend mindful meditation early in the morning. This practice helps you to be in the present moment. Consequently, it enables you to be mindful of challenging situations during the day.

    Different stressors may trigger as you go through the day; meditation helps you to remain calm before taking on the challenges.

    Personally, it helps me to devise strategies and think about ideas. Meditation is a good habit to have if you want to be connected to what’s significant in your life.

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    2. Be Grateful for What You Have

    Sometimes, you waste time thinking of what’s not enough. You become immersed in those daunting challenges. However, challenges justify the presence of hope. When you have life, you have expectations. You will be free from challenges when you are six feet under. The only strategy you have to stop focusing on your problems is to focus on what you have.

    Gratitude is a time-tested pathway to success, health, and happiness. It redirects your focus to what you have from what you lack. Here’s what James Clear does every day,[1]

    “I say one thing I’m grateful for each day when I sit down to eat dinner.”

    3. Smile

    Can you pause and smile before you continue reading this?

    Now here is what just happened based on research conducted by the Association for Psychological Science; you set a pace for living a happier life when you smile. A genuine smile or what’s called a Duchenne smile is a good habit to have if you want to find spiritual, emotional and mental peace of mind.[2]

    Smiling induces the release of molecules that function towards fighting stress. The physiological state of your body determines the state of your mind. When you slouch or frown, your mind takes cues relating to unhappiness and depression. But, once you adjust yourself by putting up a smile, you begin to feel a new level of excitement and vibrancy.

    Can you smile again?

    4. Start Your Day with a Healthy Breakfast

    Starting your day with a healthy breakfast is a good habit to have and forms a crucial part of your life. Nevertheless, about 31 million Americans skip their breakfast each day.[3]

    If you are fed up hearing that breakfast is a crucial component of your day, you are only fighting the truth. If you want to become more successful, you need to ‘break your fast’ with healthy foods every morning.

    This habit is not difficult to form if you usually rush out the door every single morning. You can wake up earlier to fix yourself a meal so you don’t break down during the day.

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    Get inspired by these 20 Healthy Breakfast Choices That Will Save You Time.

    5. Exercise Daily

    One of the good habits to have is to exercise your body and muscles every day. You don’t have to run a marathon or lift a weight. You only need to engage in less strenuous activities that oxygenate your blood and inject endorphins in your body.

    Jack Dorsey, the CEO of Twitter, classified exercise as a good habit to maximize his already jam-packed schedule.[4] He said,

    ‘I wake up by 5, meditate for 30 minutes, seven-minute workout times three, make coffee, and check-in.’

    He said on Product Hunt that he follows this routine every day as it gives him a steady-state that empowers him to be more productive.

    6. Manage Your Time as You Manage Your Finance

    Another good habit is the act of managing your time effectively. This goes a long way to impact your achievement.

    Time management is what separates the successful from the rest of the world as we all possess the same amount of time. How you leverage time determines your potential to succeed in life.

    So how do you manage your time effectively?

    Here’s Jack Dorsey’s recommendation in one of the Techonomy events;

    “I accomplish effective time management by theming my days and practicing self-discipline. These themes help me handle distractions and interactions. If a request or task does not align with the theme for that day, I don’t do it. This sets a cadence for everyone in the company to deliver and evaluate their progress”.

    And this is Dorsey’s weekly theme:[5]

    • Monday – Management
    • Tuesdays – Product
    • Wednesday – Marketing and growth
    • Thursdays – Developers and partnerships
    • Fridays – Culture and recruiting
    • Saturdays – Taking off
    • Sundays – Reflection, feedback, strategy, and preparing for Monday

    No wonder he was able to run two companies when others were struggling with one job.

    7. Set Daily Goals with Intentions

    Everyone has goals. It may relate to business or personal life. The truth is, we’re all tending towards a particular direction or another. Nevertheless, while long-term goals can offer you direction, it’s your daily goals that you establish that help you develop short-term goals that are essential for your success.

    Long-term goals may not give you the motivation you need to keep on. But when you implement your short-term milestones daily, you become fired up, and you can overcome the challenges that come with taking on bigger tasks.

    Here’s the main truth:Successful people don’t set goals without establishing their intentions. According to Jennifer Cohen of Forbes,[6]

    “What helps you to achieve your desired expectation is ensuring intentions accompany your daily goals.”

    Be intentional about your daily goals!

    8. Seek Inspiration

    It is usually difficult to be inspired for a considerable length of time. Sometimes, you become discouraged and feel like giving up on your goals when things are not working out as intended.

    A practical approach to stay on top of the situation is to inspire yourself each day. When you wake up in the morning after meditation, watch some motivational videos, and let the story of great leaders inspire you.

    Establish what Anthony Robbins called the ‘hour of power.’ Determine how many minutes you spend but make it count. Inspiration is the fuel for achievement because when you can conceive it in your mind, you can accomplish it.

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    Michal Solowow, an investor and the founder of Mitex, a construction company puts it this way,[7]

    “The problems I encounter in everyday life motivates me to find solutions. This is a self-propelling mechanism. becoming a billionaire was never a motivating factor.”

    9. Save Steadily, Invest with All Prudence

    I can exhaust the good habits to have without talking about saving and investing. Most times, you overlook the significance of saving for the future when you are living in your present moment. According to CNBC, a $1000 emergency will propel several Americans into debt.[8]

    However, it is not enough to save, and you must invest your fund and be wise with it. If you pay attention to this now, you will set yourself for a life of success in the future. Ensure you save at least six months in your emergency account so you can be prepared for any future emergency.

    10. Budget and Track Your Spendings

    Benjamin Franklin warned of taking the precaution of little expenses. He said,

    “A small leak sinks a great ship.”

    It is easy to discard little expenses, but the truth is they always add up. This happens when you fail to budget.

    Budgeting is a good habit to have, which can impact your financial life significantly. The money you spend on extravagant lifestyles can be saved and invested in your future.

    The Bottom Line

    Endeavor to cultivate these good habits to have to become more successful as you journey through life. The quicker you cultivate them, the faster you achieve your goals.

    More About Habits

    Featured photo credit: Andrijana Bozic via unsplash.com

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    Reference

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