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7 Tips to be a Successful Entrepreneur

7 Tips to be a Successful Entrepreneur
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Entrepreneurs are known to spend thousands of hours and dollars attending conferences, networking events, and seeking mentors in an effort to learn from the best. Yet, some of the wisest secrets to success you can ever learn can be found in nature.

Example- the Banyan Tree, which are known to live through centuries. The strength of it comes from its roots that overtime becomes indistinguishable from the main trunk itself, keeping it strong and invincible. 

Just like that banyan tree, building your start up on a strong foundation is incredibly crucial. Each of the root (Team members) plays a huge role in supporting the entire enterprise. One person alone can never take your start up to the heights of success; it is a shared effort that comes from every employee sharing the responsibility in making the vision of the founder a reality. 

Here are 7 more powerful secrets that every successful entrepreneur knows and lives by: -

1. Your network is your Net Worth.
You are the sum average of the 5 people you hangout with the most. If you surround yourself with mediocrity, then that’s what you will become yourself. Your mind is like a sponge. It soaks in everything that is around it. If you put yourself in the middle of great inspiring minds, not only will they inundate your brain with new ideas, but they will also tell you everything they have learned along their journey.  It is very important to keep meeting new people. You never know who might trigger off the next big idea in your mind, that will change the world and also your life.

2. Anything is possible if you pay the price.
It is a gift that each of us humans have. We create our own reality, and can achieve anything we dare to dream of. But there is a catch. Universe is a genie that can make anything come true, but it is a selective one. It only rewards those who work for it. If you devote yourself every single day towards achieving your goal, regardless of whatever it takes, even if it calls for a total life makeover, you will do it, because it is just another step to making your vision a reality.  Once you show the universe that you are indeed capable of handling success and everything that comes with it, then it will open up numerous exciting doors for you that you never knew existed.

3. Focus on learning and creating rather than being entertained and distracted.
Be obsessed with learning and creating; avoid distractions. Even if this calls for quitting social media for a while, or going out with friends. These are small prices to pay, and only temporary. The only thing that should be constantly on your mind is learning new skills and techniques to grow and expand your business, then implementing what you have just learned.

You should become obsessed with learning, experimenting, implementing, and tweaking to become successful. Every entrepreneur wears many hats- student and scientist are just two of them.

4. It’s not you who sell, it’s the people who buy
Build and Deliver. Don’t ask. People hate being sold to. They find anyone with a blatant marketing pitch nothing short of annoying. To really capture their attention and focus, what you need to do is deliver value. High quality value that they can use to solve their problems. This will make them trust your brand, and once that happens, a relationship blooms, and that’s when a visitor becomes a customer. 

Once you work towards building that trust with them, and delivering value that would help them achieve success in their own lives, not only will they buy from you, but they will also tell all their friends and families about you. That’s when magic of high profits happen. 

5. Practice makes men perfect and women also.
No person is born walking. It’s an incremental process, that starts with crawling and then standing up, and then taking one baby step, then another. It is a process that includes lots of failures and bruises from that failure. But you still don’t quit. That is the same attitude you should have with your business, and learning new skills. You have to perfect your craft, and it won’t happen overnight. But the more you do it, the more you will be able to refine and fix your flaws. Once you devote yourself on perfecting your craft for days and months, without giving up, that’s when you become an invincible master. 

 

6. Time management is a myth you can't manage time, you can only manage you to optimize your time.
The myth of time management. All of us have the same 24 hours to make a difference. We cannot make more hours to fit in everything we want do. You should prioritize your time right and make sacrifices where the need be. Maybe that cooking class can wait for some months, and it’s okay to put that movie off till the weekend. 

You must make every hour and minute count. You have to make the best of all the minutes you have got, because time flies, and you don’t realize it till the end of the day, till you tell yourself, “Woah, where did my day go? I hardly got any work done!”

7. The trouble is we think we have time

The fallacy of thinking we have time. We are procrastinators. We think we have time, so we delay our most important tasks, and instead prefer texting, and checking out pictures of our friends on Instagram for just 5 more minutes. We take so many 5 minutes that they turn into an hour and then several hours. 

We don’t have time. That’s the fact. You have no guarantee that your big idea isn’t already in someone else’s mind. You don’t know if they might be working harder than you in making that happen. So stop pretending you have time. Because you don’t and you don’t hold the key to making more time. 

Get focused. Break your bigger goal into smaller manageable sections, and work towards finishing each of them with laser focus. You don’t have to finish them all in one day, but you do have to work towards it each day. Give yourself a deadline and keep your word, because no one has more to lose than you.

To become successful, you must embrace the mindset of a successful entrepreneur. The above tips will help you achieve your dreams because it has been proven to work time and time again. It is all a matter of acting on it.

 

 
Edition: June 2017

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