While at Harvard, Mark Zuckerberg founded Facebook and made his first billion before reaching 30. The 35-year-old is worth $71.3 billion, $20 billion more than at the beginning of 2019. Sergey Brin and Larry Page founded Google when they were both 25. The list of successful entrepreneurs goes on and on.
Well, each entrepreneurial success story is different. It’s a constant roller coaster and there are many ups and downs. It’s impressive to think of how they got their start. These are the ones who didn’t give up instead and kept on hustling. But, what exactly are these entrepreneurs doing that make them wildly successful.
The rule for business has changed in recent times. Here is a quick list of 6 things that successful entrepreneurs do:
1. Validate Their Ideas In The Real World
You can live in a dream world always—Successful entrepreneurs DO. Successful entrepreneurs approve their ideas – their ideas are not just worthy of being scratched on the napkin – they prove it. You know the only way a dream moves from scribbled text to reality is through a plan.
In order to make your dream a reality, you must have a plan. Make a plan in the form of a checklist tied to timeframes. In case an idea fails, they are not deterred by failure. In fact, they are on the lookout for why it failed and try to shape the next idea into something great.
“Either You Run the Day, or the Day Runs You.” – Jim Rohn
2. Embrace New Challenges
Entrepreneurship is a challenging endeavor. When challenges arise, successful entrepreneurs take on the responsibility of addressing and handling it intelligently. This helps them overcome the most troubling obstacle to success.
Challenges are always present, but successful entrepreneurs consider them incredible opportunities. These are times when you should move ahead and do what no one else will to achieve success. When you’re excited about an opportunity but you think you’re likely to face risks, ask yourself “What are the potential shortcomings?” It can help you become more conscious.
3. When it Comes to Taking Risks, They Just Do It
When it comes to taking risks, entrepreneurs trust their gut. From venturing into new industries to taking up a new business opportunity, they are risk-takers.
Don’t let fear paralyze you from doing what you want. When you are too afraid to take any risks, talk to someone to hear some words of wisdom to take the leap. There is no way to eliminate the risk of entrepreneurship, but the best way to handle it is by allowing it to fuel you.
4. ‘Work-Life Balance’ is ‘Work-Life Integration’
I’m sure you’ve had many thoughts about the alleged term work-life balance. For entrepreneurs, it isn’t possible to have this when you are building your business. Therefore, entrepreneurs embrace work-life integration with the help of time management strategies and task delegation.
Work and life is a synergy, not a balance. Instead of longing for work-life balance, try a healthier attitude related to work-life integration by making friends at work, finding your most productive hours, and staying active in networking groups. Work-life integration is the holistic betterment of life.
“We Need To Do A Better Job Of Putting Ourselves Higher On Our Own ‘To Do’ List.” – Michelle Obama
5. Stay Prepared to Shift Gears
The game of entrepreneurship is tough. Those who are successful absolutely understood that their first idea they try might sink. It’s just that they have to be on the lookout for why it stinks and be willing to shift course.
When you think you’ve reached a new level, everything can suddenly take a turn and you’ll have to either toughen it out or let it all go. They meet the need in the market and as the needs shift, they shift as well.
Just as Instagram co-founders Kevin Systrom and Mike Krieger decided to separate from their cyber baby and move on to their next innovation. This was a piece of shocking news, but it’s uncommon for business people to shift gears to have something new. Your idea may fail just as those of many successful entrepreneurs, but don’t be deterred by failure. Be able to recognize and shape the next idea into something truly great.
6. Cultivate “an External Brain”
Having an external brain clears the mind of juggling tasks, to-dos, and non-essential tasks. If you rely completely on your memory, you can’t keep everything straight. Entrepreneurs who are creating an external brain through journals, note-taking apps, or any other tool are doing better in entrepreneurship.
As an entrepreneur, you have to capture your ideas. Write it down on a tool to keep all notes in one place organized, transfer the thoughts onto paper, decide what the next action is and organize your reminders. This will keep you out of unnecessary stress. Also, bullet journaling helps entrepreneurs stay in control of the day.
Bonus Tip: Nurturing Your Business’ Entrepreneurial Spirit
The so-called “entrepreneurial spirit” should be clearly defined. It is a mindset that embraces critical questioning, an attitude that actively seeks out changes, and continuous improvement. The entrepreneurial spirit is helping entrepreneurs keep hustling with excessive growth at the right pace that keeps peers engaged.
If you genuinely want to keep the entrepreneurial spirit alive, you need measurable points you can incorporate in your culture. Always keep a healthy and motivated team, be curious about everything, hire people who share your values, allow your people to learn, reward your top people for what they contribute, and develop a high endurance to risks.
So now that you’ve understood what the road looks like, are you ready to take the plunge? So many people hold onto their dream of entering entrepreneurship because it’s challenging, but the truth is, there is no limit on success.
Have you thought about becoming your own boss by being an entrepreneur? Share your stories and thoughts with us below!
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By investing your time and effort in networking, you will gain more business through the relationships you make
Are you completely new to networking?
Then this article is a great place to start. Networking isn’t hard on paper…you go along to online and in-person meetings, make new connections and build relationships, and those relationships lead to more work so you can grow your business! The challenge is that in reality, it isn’t quite so straightforward, as our emotions get involved and make things much tougher.
It’s incredibly common for nerves to creep in and to feel overwhelmed and apprehensive when it comes to networking – even when it isn’t new to you. But how can you become more successful at it, feel less self-conscious, and make networking work for you and your business?
Here’s a few tips to help you embrace every business networking opportunity you get, so you can grow your business and achieve your goals.
Rock up with confidence
If you want to keep those nerves at bay and ooze confidence at networking get-togethers, you’ll need to downplay it rather than seeing it as a big occasion. Try not to put pressure on yourself and see it as a casual meet-up with a bunch of people with similar goals to you. To help you relax in the run-up to the event, be sure to set achievable goals and expectations before you go.
Keep your chin up and your goals in mind – positivity is key. One easy goal for your first networking meeting is very simply to speak to one other person and see where the conversation goes. Introduce yourself and your business, but take the time to listen to their story, too. It’ll only take a few minutes and will be over before you know it, so it’s nothing to fear. You may even enjoy it and want to speak to a few more people, too!
Where to go networking
If you’ve never been networking before, it might not be very easy to find a group – but only because there’s so much choice and you don’t know where to start your search! Groups come in different sizes and styles, so it’s important to find one that suits you and your business. Informal, formal, big, small… the choice is yours.
For your first meeting, start small to ease yourself in – a big group could prove too daunting, and stop you from feeling comfortable enough to get involved. After all, you want to make a strong first impression!
If you’re wondering which group to opt for in the long-term, give a few a go! Get a feel for them, speak to as many people as you can, and see which one suits! You’ll know when a group feels right for you, and you can see where those all-important relationships are most likely to be built. If a group doesn’t feel like the right for you, give a different one a go.
Get more leads and referrals
This will happen for you, as long as you put the effort into building those relationships. If you take the time to get to know people, and then check in with them and support them, they’ll see you as a trustworthy and reliable contact who they can call on. And when they feel that way, those leads and referrals you’re looking for will come a-knocking.
Once you’ve made relationships with people who you trust, and they’ve had a positive experience working with you, you can even ask for referrals! But don’t rush this, as you don’t want to inadvertently push people away or try and force the relationship along too quickly.
When you do get an opportunity to work with someone you’ve met at a networking group, go above and beyond to offer more value than they’re expecting, as then, they’ll be much more likely recommend you and introduce you to more of their contacts!
Grow your business
By investing your time and effort in networking, you will gain more business through the relationships you make, and you will be able to grow your business.
We know that it’s not easy, going networking for the very first time. And that’s why we want to give you all the advice and tools that you need so you can walk in with confidence and make the most of the opportunity.
2023 is just around the corner, and you have the chance to make it the year you make networking work for your business. And the benefits could be incredibly amazing for your business, just like they have been for ours, and many business owners we have worked with over the years.
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