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4 Reasons Why Introverts Can Be Successful Entrepreneurs

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Introverts get a bad rap. They’re often viewed as shy, aloof, antisocial, or just plain weird. But when it comes to entrepreneurship, it appears that introverts may have finally won the upper hand. Just consider names like Mark Zuckerberg, Bill Gates, Larry Page, Warren Buffett, Marissa Mayer, and the list goes on. In fact, you could make the argument that these are the glory days for introverts.

Sadly, despite the many famously introverted entrepreneurs out there, most people would still say that extroverts make better leaders. And yet, introverts bring so much to the table as entrepreneurs. For instance, they’re known as being ultra focused and creative innovators, all without hogging the spotlight.

Conventional wisdom says you need to be an extrovert – or, at the very least, pretend you’re one, in order to be a great entrepreneur. But, as is often the case, conventional wisdom is wrong.

Here are 4 reasons why introverts can be just as successful,or even more so, than their extroverted counterparts:

1. Introverts require loads of time to think

Introverts crave time alone, plain and simple. And in fact, that’s the very essence of introversion; being energized by spending time alone. As a result of all this alone time, introverts can come up with pretty cool ideas, while solving seemingly unsolvable problems.

2. Introverts can better manage uncertainty

Uncertainty is the name of the game for many start-ups. And introverts tend to be able to handle it better. Why? It’s their nature.

Introverts typically analyze new business ideas quietly and internally beforehand. They mull it over and think it through. Once they do decide to move ahead, there’s no stopping them. Even when challenges seem insurmountable and setbacks abound, they press on, knowing in their heart and gut they’re following the right course.

This is a vital trait for an entrepreneur considering not only the shockingly high failure rate of new businesses, but also the fact that even successful startups don’t typically turn a profit until the third year.

“Doubt, of whatever kind, can be ended by action alone.” – Thomas Carlyle

3. They’re focused listeners

We learn by listening, not by talking. And introverts are, by far, the better listeners. This is a critical characteristic when it comes to entrepreneurship. You have to listen to your customers, to your employees, and to your vendors, if you want to be successful. When you’re a good listener, you can not only hone and polish great ideas, but also avoid expensive missteps.

4. They’re calm, cool and collected

Extroverts have a tendency to lose it. Introverts, on the other hand, are typically more even tempered, with a calming and peaceful presence. This demeanor can work wonders when trying to build trust and diffuse the many difficult situations that arise when starting up a new business.

“Nothing gives a person so much advantage over another as to remain always cool and unruffled under all circumstances.” – Thomas Jefferson

If given the choice, most businesses would hire an extrovert. And yet,ironically enough, some of the most admired and respected leaders are or were introverts. Think Abraham Lincoln, Eleanor Roosevelt, Albert Einstein, and Steven Spielberg. So if you’re an introvert, know you’re in some pretty spectacular company. And keep pushing ahead to pursue your business dreams!

How has being an introvert helped you in your life? Please leave your thoughts below!

Success Advice

The Main Reason Why You’re Consistently Losing Sales

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These words are such a killer! You hear them from other people, and you even use them. If you’re in sales or you have a business and you need to get sales, using those critical filler words, um or uh, will kill you and your business. Do you think people will trust you more because you use the words um or uh in sales? Sure, you may get some people to buy from you that have very low awareness, but when you run into someone who is a high income earner and he’s your big ticket to the big commission…you’re going to run into trouble. (more…)

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5 Secrets to Being a Leader Worth Following

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Business is tricky. You’re taught young that business is business – Check your emotions at the door. But recent years have proven that business is more than an emotionally devoid institution run for profits. Business is about making an impact on the world, and if you want to make an impact on the world, you have to start with your team. Because if your team isn’t willing to follow you, why should anyone else? (more…)

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6 Ways to Balance a 9-5 and a Work From Home Job at the Same Time

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For most people, when the clock strikes 5pm it’s quitting time. When you work a second job, it’s time to refocus and prepare for working for the rest of the night. The truth is, working one job doesn’t always cut it. Some households rely on a second income to make ends meet. When you have a part-time work from home job and a nine to five, it can be difficult to keep up with your responsibilities and find the right balance between fulfilling your commitment to both jobs without losing your mind. (more…)

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10 of the Best Tips to Stop Yourself From Multitasking and Focus More Effectively

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While multitasking is often thought to be an added skill, it tends to cause more harm than good. Focusing on one task at a time is more effective than having a pile of tasks to do. Researchers argue that you are more poised to increase your productivity by boosting your focus and avoiding multitasking. (more…)

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