Anyone can become an entrepreneur. All it takes is an idea, a website and a bit of marketing money in your pocket. But if you want to become a successful entrepreneur, you’ll need a certain set of skills, passion and determination. These essentials will improve your chances of surviving the entrepreneurial roller coaster.
The road to successful entrepreneurism is not obstacle free. There are a ton of challenges, like bringing a product or service to market, achieving funding goals and facing the inevitable moments of failure, no matter how big or small.
The good news is that there are more than a handful of ways to improve your success as an entrepreneur. From developing a strong mindset to eliminating distractions, the following can serve as your quick guide to greater entrepreneurial wins.
1. Develop a strong entrepreneurial mindset.
One of the most important factors behind success as an entrepreneur is mindset. Like anything else in life, if you have a negative mindset, the outcome of what you’re doing or trying to achieve will simply come up short of your goal. A strong entrepreneurial mindset, however, isn’t about being bullish and never taking no for an answer. It is a different type of strength.
For instance, fear can be a strength as an entrepreneur. This may seem unconventional in the traditional business world, but fear can actually be a driving force. Taking calculated chances and not having any reservations about the consequences of leaping into a new business endeavor can catalyze your entrepreneurial success.
2. Be adaptable to pretty much everything that comes your way.
To improve your success as an entrepreneur, you need to be able to adapt. Rigidness is an entrepreneur killer, so feel free to change colors like a chameleon when needed. For example, if you learn about a new technology that could enhance your product or service, adapt and integrate it. Having the ability to adapt is not easy for some, but it can be learned.
3. Never stop soaking up knowledge.
Knowledge is power. Ever hear that before? It is a phrase that dates back to the 16th century and still holds true today. Successful entrepreneurs never stop learning because learning is what allows us to continue our pursuit of solving unique problems with unique solutions.
This could be a lightbulb moment after reading a New York Times article, or simply a conversation you had with your mentor. Soak it all up because the more you know, the greater your chances of growing your idea into a successful business.
4. Find a mentor, and listen to them closely.
On the topic of lifetime learning and mentors, if you don’t have one yet, it is time to get a few. Mentors are at the core of your entrepreneurial success. They have been around the block a few times, with plenty of failures and successes under their belts. This means two things in respect to improving your success as an entrepreneur.
One, they can offer guidance in terms of what not to do. Two, they have built a sizable network over the years that you can, if you’re lucky, tap into when the moment presents itself. A mentor relationship is worth more than first-round investments, and it must be earned through trust, acceptance and your commitment to listen and learn.
5. Rid your life of all distractions.
Let’s face it; we are probably in the most distracted era of human history. From smartphones to social media, most of us are in a constant state of distraction. This makes ridding your life of distractions critical to improving your success as an entrepreneur.
Put your long-term goals as an entrepreneur first and foremost, and go all in. If you find yourself falling prey to easy distractions, such as a side project a friend asked you to do for their cousin, put those side blinders on and politely say, “No thank you.” Successful entrepreneurs stay focused — period!
6. Approach your tasks methodically every day.
If you think entrepreneurs do a few hours of work and call it a day to head to the beach, you may want to reconsider why you want to be an entrepreneur. The fact is, being an entrepreneur is extremely time-consuming and challenging. You need to be highly organized and methodical when approaching your tasks every day. Brent Gleason, former Navy SEAL, shared a common SEAL phrase: “Don’t run to your death.” Meaning, have a plan and execute it slowly for success.
7. Never stop dreaming as if you were a child.
One of the coolest parts of fostering success as an entrepreneur is that you get to question everything. Have you ever seen a child ask their parents what this or that is over and over? That is basically what successful entrepreneurs get to do daily. Instead of seeing something and accepting it as a norm, we question, “Why does it have to be like that?” We essentially get to channel our inner child to solve problems.
Ready to harness entrepreneur success?
There are plenty of ways to improve your success as an entrepreneur, and there is certainly no one way to do anything. That’s the beauty of entrepreneurism — it is for everyone. The way you approach your next endeavor should be a combination of what has worked for others and what works for you in that moment. Be unique, driven, strategic, a student and, above all, successful.