A Guest Post by: Harrish Sairaman
Entrepreneurs are emerging as a whole new breed in the 21st century. Especially with the internet multiplying its features each day, it is not at all difficult for any common person to get up and establish his own business!!!! Being an entrepreneur enables them to express their passions, creativity and ideas to offer the world ‘something new’. And if they go right, it turns out to be the smartest choice they’ve ever made!!!!
Do you think you can start your own business? But do you have those key characteristics of a successful entrepreneur? Decide for yourself with these six characteristics perceptible in all the successful entrepreneurs of today:
#1 Passion For What They Do
Successful Entrepreneurs simply love what they do. They are not really bothered about the financial returns initially. They sell what they believe in and that is what drives their customers. This may not be the case all the time, but to enhance the possibility of making it big this is definitely a great trait. If there is passion, the brain works at an accelerated pace to generate new ideas and opportunities open up beautifully.
#2 Create S.M.A.R.T. Goals for Themselves
No doubt they are passionate about what they do, but without goals nobody can work systematically. The successful entrepreneurs set S.M.A.R.T. – Specific, Measurable, Attainable, Realistic and Timely goals which consistently build their reputation by following a sound business plan. These are definitely not like the new year resolution of many!!! It is regularly tracked, measured and rebuilt. Their goals also become a way to measure their success and failures which motivates them to improve further.
#3 Take Ownership of Their Destiny
Successful entrepreneurs take control of their destiny. They do not blame their team for any loss they suffer. Thus, they exhibit all the qualities of a successful leader. They know when to follow and when to take a step back. They are strong minded and do not give up despite failures. Nor do they ever lose focus of their goals and ultimately emerge as a winner. The realization that blaming others will only give some temporary justification and no progress is a key characteristic.
#4 Takes Calculated Risks
The successful entrepreneurs never invest blindfolded. They carefully study the market, the competitions and the customers. Based on a sound and calculated judgment, they take risks. But this is not the end; they always have a Plan B in their mind in case their judgment fails unpredictably. That is what strengthens their roots in the market.
#5 Extend Their Team by Networking
They create a team of a like minded minds that give them support, directions and motivation. Sometimes, you have your goals set, your resources ready, but you are scared of taking your first step in the fear that you might fail. This is what differentiates a successful entrepreneur from a non-successful one. A successful entrepreneur has had a business coach or mentor who helped him walk through these struggles and made him achieve his goal. So, the stronger your network, greater are the chances of your success!!
#6 Consistency in Effort
All successful entrepreneurs keep going on no matter what. By working hard 365 days a year, they taste the sweet fruit of success. They engulf themselves in hard work and always figure out a way to win when others give up. 365 days a year is an expression, they also create a balance. Being consistent in finding a balance in personal and professional life and finding time to be fit, is also a key factor for progress.
#7 Brand Themselves by Being Social
They know the importance of brand awareness in the market and in order to compete with their competitors, they can become/build an excellent market image.
People don’t buy products; they buy people and this where the word of mouth and affiliate marketing of their business products plays a vital role. So, be social.
Therefore, if you are venturing out your ideas, develop these characteristics to become a successful entrepreneur. If you think “YOU CAN, YOU WILL!!!”
Harrish Sairaman is a well-known motivational teacher in India, helping many to achieve which once seemed unachievable like increase motivation, leadership, Corporate Performance, decrease stress etc. through Motivational Training Program, Leadership training programs, Corporate training, Entrepreneur Coaching and Individual Coaching to name a few. His ability to deliver life changing, scientifically sound, relevant and metaphysical messages in a powerful, humorous and insightful manner integrated with high energy has earned him a reputation of bringing about a difference with a difference!