3 Qualities to Learn from Successful Entrepreneurs
Entrepreneurs often share a wealth of qualities, but what are the most important for really becoming a success? We’ve rounded up some of the most prominent qualities we found in some of the world’s most well-known and commercially successful entrepreneurs.
Bill Gates – Focus
One of, if not the most successful entrepreneur of our time, Bill Gates is a household name in the world of technology. By 20 years old, Gates, along with fellow student turned business partner Paul Allen, had dropped out of Harvard and moved to Albuquerque, and it was there that Microsoft was born.
Throughout his years of work in the technology field, Gates has shown numerous desirable entrepreneurial qualities, but one he is praised for is his focus on his work. Gates’ secret is that he focuses on the one thing he does best, and then works to makes it the best it can be.
Focus is important for entrepreneurs to master as the focus is what drives your business and helps you to stay grounded as you make things happen. Being highly focused will allow you to have a constant awareness of, and clarity around your business strategies.
Steve Jobs – Take Risks
Apple was founded on April 1st, 1976 and only one year later, the first successful Apple product as launched. Today, Apple is worth a whopping $300.6 billion worldwide and have annual revenue of $265.5 billion.
These stats by themselves are impressive, but even more so when you note that when the first iPhone launched in 2007, it was met with a lot of criticism from industry insiders. Jobs was advised to pull the plug on the product as there was no hope for it gaining a significant market share. Today, the iPhone provides more than two-thirds of Apple's revenue, standing at $31.05 billion in 2019 alone so far.
When it comes to business, every entrepreneur needs to be able to take risks. Taking risks doesn’t necessarily mean being reckless; it is more about having the courage to believe in your ideas and your business. Whenever you are starting up with a new company, you're likely entering a marketplace already saturated with businesses that do the same thing you plan to – but likely for longer and with more funding, experience and customers. Taking calculated risks on something our truly in believe in is how you can set your business apart.
JK Rowling – Resilience
JK Rowling is a name known around the world. Of course, she is most notably known for being the author of the world’s bestselling, and fastest-selling, book series of all time – Harry Potter. With an estimated 400 million copies sold, there’s no question that Rowling is one of the world’s most successful entrepreneurs.
One of the author’s biggest entrepreneurial qualities is her sheer resilience. Rowling’s early life was by no means. However, she always pushed through. By age 25 she had begun working on a novel called Harry Potter and the Philosopher’s Stone. But, despite its now world-famous status, Rowling’s manuscript of the first Harry Potter was rejected by 12 publishers before eventually, the author’s resilience paid off and a small publisher agreed to publish the book. Rowling went so far as to say she wouldn’t stop trying until every single publisher turned her down, despite being worried that might be the case. Nonetheless, her resilience paid off, and she went to become the world’s first-ever billionaire author.
Resilience is the foundation of any successful entrepreneur. Success isn’t going just to be handed to you, no matter how great your idea or business may end up being in the long run. There will be times when you get knocked down and rejected, but the mark of a good entrepreneur is when they can get back up after rejection, dust themselves off and get back to business.
While women’s role in business has been steadily increasing, women are still underrepresented in entrepreneurship. One of the most daunting choices for a woman is the decision to start a business, but taking the plunge can result in great rewards
Entrepreneurs have a strict working schedule, which makes it very difficult for them to give equal time to all functions of their startups. The success of their business depends on prioritizing essential tasks and delegating secondary ones to remote workers present in less developed countries.
Every year, a large number of entrepreneurs enter the industry to become a successful entrepreneur. However, the reality is a bit harsh because of the tough competition in the market and the majority of the start-up fails during their early years of business
Starting up your own business and becoming an entrepreneur can be really exciting but you need to plan everything step by step. The success of a new business depends on the fact that have you planned ahead of things that need to be done?
Fencing is important not only for the aesthetic purpose but also for enhancing security. You can easily spot fencing in the factor areas. These are called as factory fencing which not only helps in laying boundaries but also for demarcating danger areas. There are many alternatives available in terms of fencing for different purposes.
With graduate-entry level positions becoming increasingly competitive, more graduates than ever are considering setting up a business of their own and going down the self-employed route. But how do you get started? How do you source funding and mentorship? Here we will look at how graduates can turn their great ideas and skills into a fully-fledged profitable business.
An event that is successful requires a lot of planning and brilliant execution. Perhaps, you are organizing an event to position your business brand in the minds of most people who will attend the party. It has to be vibrant and leave a lasting impression with every member present.
If you know what CRM is, you must have also heard that implementing an easy to use CRM application for your business has a high ROI (Return On Investment).
What makes certain entrepreneurs succeed? There’s no magic formula for the success of entrepreneurs, but there are certain things that they all have in common. A few studies done on successful entrepreneurs show key characteristics of small business owners who flourish.