‘The future is created by those with the imagination to dream it, and the resolve to achieve it.’ – Tim Fargo
Entrepreneurship is not as glamourous as it looks on the internet. We all wish it was just about making money, posting inspirational quotes and wearing an expensive suit. A start-up is a venture that needs a lot of work and investment. It requires so called entrepreneurs to roll up their sleeves and see to the vision of their business. Let us understand this from the key qualities of successful entrepreneurs and try to cultivate it ourselves.
Cultivate Integrity and Humility
Integrity is an important part of having a successful business. Having integrity builds your reputation in the industry and builds the trust you have with clients and potential investors. The credit that you get by being trusted adds value to your business and this will validate your business.
Humility opens up your willingness to learn more and grow in the industry. To be a great entrepreneur you have to be strong but humble, this will lead you to greatness.
As an entrepreneur, you have to be hands-on with promoting and sharing your business with people. You should understand the business more than anyone and be enthusiastic to share it. When you drive team spirit you ignite people to work effectively towards your vision and goals
Being self-disciplined is a principle that ensures that you achieve what you set out to accomplish. Discipline enforces the responsibility to meet targets and objectives of your business. Sometimes being disciplined requires sacrifice and isn’t enjoyable but in the end it produces great results
Being a passionate entrepreneur is what will give your business the drive it needs to succeed. This will demand a lot of commitment and dedication that comes easily with being passionate. Your love and passion will always fuel the desire you have to go the extra mile
Have a progressive business idea/plan
To survive in the industry, your business idea must be resilient even through the years.
Strategise for success
They don’t just have a plan to succeed, they also are sure to have a strategy in place. This is a step by step approach that will see to the fulfilment of goals. Each goal that is met contributes towards the growth of the business’s success.
The great thing about being a business owner, is that you can choose who will help you fulfil your vision. And this also means that you can bring in experts in different fields that your business needs. As a business owner, you are not expected to be an expert at everything, but you can use the expertise of employees and consultants to edify your business.
It is vital to explore the market you are in, to be aware of trends and adjust your business to increase expansion. However it is important not to try and copy other business strategies that don’t relate to your own. It’s good to be aware of what competitors are offering, to up your game, but it’s just as important to be original and stay true to your brand’s vision
Have clear focus
It is imperatiHve to have a main offering that your business specialises in, than other entities who may come with this. However it is not advisable to become covetous and offer services or products that your will cause your business to under-deliver. This will lead to poor reputation for your brand
Having a mentor will help you weather tough business times. The experience that a mentor has gained is something you can learn from and not repeat mistakes. Their guidance will help you be more mindful of what to expect of the industry. These are fundamental foundations of entrepreneurship that will fuel your success in the business world.
We at eGrowth encourage you to join us and cultivate all of the above.
Jamuna Rangachari is the digital content curator at eGrowth
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