The 8 main attributes that are to be found in most successful entrepreneurs. Whether you are an entrepreneur or are trying to become one yourself, studying successful entrepreneurial figures might be a vital step. Doing this will help you learn what you should and shouldn’t do. All, without having to commit these mistakes yourself. They can also serve as a guide to what you want to do. Overall, gathering this information is the first step to become a successful entrepreneur too.
This is by no means an exhaustive list of attributes possessed by successful people but by concentrating on these 8 will give you a good head start in your self-help process and you will find that all other attributes necessary to make you successful will fall into place naturally.
In this article, we only discuss 8 habits successful entrepreneurs have in common. You will also be able to see famous entrepreneurs that reached success by following these exact tips. Are you ready? Sure, let’s go.
1. Showcasing their Passion (Oprah Winfrey)
Find your calling. “Everybody has a calling”
Oprah Winfrey
Oprah Winfrey currently has a net worth of more than 3 billion dollars. What you might not know, however, is that it was her passion that got her here. Back when she was younger, Oprah, who lived an impoverished childhood, manage to grab a job at a radio station close to home.
She was so passionate about her career, however, that she kept climbing to other bigger radios very quickly. She was then invited to sign for her first TV show — all due to how passionate she was with her job.
2. Being Persistent (Henry Ford)
If money is your hope for independence, you will never have it. The only real security that a man can have in this world is a reserve of knowledge, experience and ability.“
Henry Ford
The late Henry Ford, who is the founder of Ford Motor Company, failed multiple times before managing to grow a business successfully. Initially, he had nothing but a warehouse to try and create his first vehicles. Then, he went on to create his first company, Detroit Automobile, which failed.
Then, he created the Cadillac Automobile, which also almost failed. After struggling to get more investors, they changed the name to Ford Motor Company. The business now has a net worth of $190 billion.
3. Taking Risks (William Bill Gates)
If you are born poor it’s not your mistake, but if you die poor it’s your mistake.“
Bill Gates
Bill Gates is a perfect example of how you need to be brave in order to become successful. After he finished high school with a top score, he was accepted into Harvard. However, despite studying at one of the most prominent universities in the world, he was much more interested in computer science.
He then took a significant risk of leaving the university to start his business. Microsoft, the company he created, has now USD 717.5 billion of net worth. Bill Gates himself, has a net worth of USD 103.5 billion making him the second richest man on the planet, according to a 2019 Forbes report.
Read Also: 3 Simple Yet Effective Ways to Stay Motivated as an Entrepreneur
4. Making good choices with their money (Steve Jobs)
“Your time is limited, so don’t waste it living someone else’s life. And, don’t let the noise of others’ opinions drown out your own inner voice.”
Steve Jobs
Steve Jobs is the perfect example of someone who became prominent because of how they explored their opportunities with the money they had. After working on multiple different businesses, Steve convinced his friend Steve Wozniak to work with him. Together, they started to assemble computers to sell them. Then, he launched Apple Computer company, which then funded Apple.
After he was kicked out of Apple in 1985, he then created a new company, NeXT computers. With the money he made, he then bought The Graphics Group, the now known as Pixar Animation. He grew his companies so much, that Apple begged him to come back. And he did. The rest is history.
5. Developing other skills (Nanxi Liu)
“I don’t think it’s healthy to be constantly thinking about your business,”
Nanxi Liu
One of the habits that might go unnoticed when it comes to becoming an entrepreneur is developing another skill. Nanxi Liu from Eunplug has shared that playing the piano, for example, helps her become a better entrepreneur. She says that she always keeps trying difficult songs to play, which translates to her business.
She is an example of how everything around you can shape your business profile.
6. Taking care of your body (Roberto Angulo)
“I try to go running at least twice during the week, and I do it at noon to break up the day. It’s good for the mind and body.”
Roberto Angulo
Roberto Angulo, the CEO of AfterCollege, tries to run every single day. This habit helps him clear his mind and go back to work with a new perspective. If you are hustling, you might feel like you need to work 24/7 to get results. However, as we mentioned in a previous article about productivity, you need to be smart with your time.
It is not a matter of doing more things, but doing them better. And taking care of your body will help you get in the perfect mindset to do that.
7. Time Management (Mark Zuckerberg)
“ If you want to build something great, you should focus on what the change is that you want to make in the world.”
Mark Zuckerberg
In 2004 when he launched Facebook, Mark Zuckerberg was still attending Harvard. Although he later quit investing all of his time to the project. This is a similar situation that many other entrepreneurs go through. Most people have a 9/5 job before they are able actually to focus on their projects.
However, Zuckerberg is an excellent example of how you can work on your time management skills and do both at the same time. Until you have the chance to focus 100% on your dream project. He is now worth about $6.9 billion.
Read Also: Why having a mentor is important for your business and entrepreneurial journey
8. Delegating essential tasks (Daisy Jing)
“No health, No wealth.”
Daisy Jing
Delegating is an integral part of being an entrepreneur. If you don’t trust your team, you might quickly become overwhelmed with tasks. Being so, a good entrepreneur knows how to delegate, and do it as much as they can. Daisy Jing from Banish highlights that time is a crucial part of the business.
Because of this, it is vital that you give your attention to things that really need it. If you try to take everything at once, you will fail. Being so, delegating tasks is an essential part of the business, which allows you to focus primarily on the things that need you the most. To make this possible, you also need to handpick your team.
Key Take Away
Do you practice the same habits? If you do, you are most likely on the path to success. By following the steps of people who managed to start from the bottom, you can skip silly mistakes that you could otherwise make along your journey. Being so, researching about successful entrepreneurs is always an excellent idea.
So, make researching about them your 9th habit. This will be able to save you a lot of money and stress later on the road.
Wrapping Up!
What part of this article resonated most with you and why? Which one of these successful entrepreneurs influenced your hustle the most? Share your ideas, tips, thoughts, and experience below in the comments.
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