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5 Prominent Habits of An Affluent Entrepreneur

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david karp affluent entrepreneur

Have you ever read about an entrepreneur and wondered how exactly they became so successful? Were they just in the right place at the right time? Do they have some strange luck? The truth is that there are a number of habits that affluent entrepreneurs all seem to have in common. These different habits by themselves are great, but when combined, they give an entrepreneur an edge.

The five prominent habits listed below have helped all of the entrepreneurs who exhibit them start their own business and not only succeed but succeed rather quickly.

 

 

5 Prominent Habits of Affluent Entrepreneurs with Rapid Growth

 

1. When They Think Big, They Don’t Think Complicated

Everyone knows that to succeed, you need that “next big thing.” But many people mistakenly think that big has to be complicated or complex. Instead, the really successful entrepreneurs that are able to go from nothing to a million dollar business don’t do so because they created some wildly complicated product or idea. Instead, they see a niche that needs filling and creating something focused, specific, and, above all, fairly simple to fulfill that need. The best “big” ideas are the ones that almost anyone, regardless of age or education, can use with very little effort.

 

2. They Watch People

It’s hard to find that niche that needs filling if you’re not out among people. Great entrepreneurs can get inside the collective consciousness. This means that they almost instinctively understand what a large number of people want or need. On some level, either consciously or unconsciously, they’re watching people and evaluating how they act. They might not even realize that they’re compiling a list of problems people have with a product or service until they find themselves drafting plans to make it better.

The first step to being a great entrepreneur is knowing what people want, so you have to be observant.

 

3. They Know Their Own Strengths and Weaknesses

A good entrepreneur knows his own strengths and weaknesses and surrounds themselves with people who have compatible skill sets. If someone knows they lack the motivational speaking skills for growth, they will find someone who is a great person and hire him to handle a lot of the speaking duties. Personalities like Benedict Allen (Explorer & Anthropologist) and Colin Jackson (Champion Hurdler) stood up in this list.

Successful entrepreneurs aren’t afraid of their weaknesses and don’t hide from them. Instead, they embrace them and work to make certain that these weaknesses don’t damage their business plans.  They know a great business is a team effort.

 

4. They Don’t Let Others Discourage Them

“You’re going to start a business that does what?!” Many of the most successful entrepreneurs have heard that over the years, and if they’d let themselves be discouraged, we wouldn’t have half of the amazing products that we do today. While a great entrepreneur certainly listens to others and values their feedback, he doesn’t get discouraged if all he hears is negativity. Instead, he takes what he can from that negativity and, if he still believes in his idea, he pushes ahead. He has to let his emotions, belief in himself, and his heart have just as much say as his intellect. In fact, many of the most successful entrepreneurs have said they weren’t sure if their idea was a good one until people starting telling them they were crazy.

 

5. They Continue Learning and Adapting

In today’s ever-changing world, it’s not enough to have one great idea. To be truly successful, an entrepreneur has to be able to build off their initial amazing idea. They need to continue learning and listening to what consumers want. How can they change their product? How has the market changed since it was released? Is there another product that would naturally fit with it?

Great entrepreneurs keep learning about the market and other products, then taking that knowledge and adapting their own products as needed. Those who don’t end up being a one-hit wonder and, while they enjoy great success at first, eventually find themselves out of the game.

 

Bring It All Together

An entrepreneur with two or three of these habits may still be successful, but they may not see the rapid growth they’d like, especially right away. Those who are able to incorporate these five different habits into their business planning and product designing will find themselves riding the wave of success both right out of the starting gate and through the many twists and turns that the business world tends to take. The good news for those who don’t feel like they regularly do these things is that they can be learned. With practice, things like listening to what people want or paring down an idea to its simplest form will become second nature.

 

Caterina Fake Entrepreneur

Feature Image by Ben Hoffmann

Norah Abraham has been a freelance writer since 2005. She attended the University of Boston and graduated with a Bachelor in English Literature. She loves public speaking and motivates people in her own comic style. She loves gadgets and techie stuffs. In her career, she has written dozens of Press Releases, Articles, and Essays.

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20 Ways You Can Become a Powerful Communicator

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Emile Steenveld Speaker and Coach

Some people seem to naturally know how to effectively communicate in a group setting. They can express themselves clearly and listen attentively without dominating the conversation.

Being a powerful communicator is important for several reasons, including building and maintaining relationships, achieving goals, resolving conflicts, improving productivity, leading and influencing others, advancing in your career, expressing yourself more confidently and authentically, and improving your mental and emotional well-being. Effective communication is an essential life skill that can benefit you in all aspects of your life.

But, don’t worry if you don’t naturally possess this skill, as effective communication is something that can be developed with practice, planning and preparation.
 

1.  Listen actively: Practice active listening by giving your full attention to the speaker and responding to what they are saying.

 

2. Use “I” statements: Speak from your own perspective and avoid placing blame or making accusations.

 

3. Avoid assumptions: Don’t make assumptions about what the other person is thinking or feeling.

 

4. Be clear: Express your thoughts and feelings clearly and concisely by getting to the point and avoid using jargon or overly complex language.

 

5. Show empathy: Show that you understand and care about the other person’s feelings.

 

6. Offer valuable insights: When speaking in a group, provide a valuable takeaway or actionable item that people can walk away with.

 

7. Be an active listener: Listen attentively and respond accordingly, incorporating your points into the conversation.

 

8. Choose the right time: Pick the most opportune time to speak to ensure that you have the group’s attention and can deliver your message without interruption.

 

9. Be the unifying voice: Step in and unify the group’s thoughts to calm down the discussion and insert your point effectively.

 

10. Keep responses concise: Keep responses short and to the point to show respect for others’ time.

 

11. Avoid unnecessary comments: Avoid commenting on everything and only speak when you have something important to say.

 

12. Cut the fluff: Avoid being long-winded and get straight to the point.

 

13. Prepare ahead of time: Sort out your points and practice them before speaking in a group.

 

14. Smile and be positive: Smile and nod along as others speak, to build a positive relationship and be respected when it’s your turn to speak.

 

15. Take responsibility: Take responsibility for your own actions and feelings.

 

16. Ask questions: Ask questions to clarify any confusion or misunderstandings.

 

17. Avoid interrupting: Allow the other person to finish speaking without interruption.

 

18. Practice active listening: Repeat what the other person said to ensure you have understood correctly.

 

19. Use your body language too: Use nonverbal cues such as eye contact, facial expressions, and body language to convey your message and build rapport.

 

20. Be aware of the tone of your voice: it should be calm and assertive, not aggressive or passive.

 

By keeping these tips in mind, you can improve your communication skills and become a more powerful communicator, which can help you build better relationships, achieve your goals, and lead a more fulfilling life.

I you want to learn how to become more confident in life then you can join my weekly mentorship calls and 40+ online workshops at AweBliss.com so you can master your life with more success.

 
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