Top 20 Powerful Traits of Most Successful Entrepreneurs - guide


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Be an entrepreneur with more action and less talk.


Presentation Transcript

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Top 20 Powerful Traits of Most Successful Entrepreneurs How Do you feel as an entrepreneur made with

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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Introduction About The Author Passion Motivation should be imminent Risk-Taking to your Advantage Self-belief Hard work Disciplined Dedication towards work Adaptability Flexibility in the process Understand Your Offering – And Its Market standards Money Management to profitability Planning But not Over-planning in every situation Networking Abilities Table of Content You will digest 20 things that can help improve your entrepreneurial skills

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11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. Being Prepared to Take the Exit Most Entrepreneurs Doubt Themselves – But With Reservations High level of confidence Craves learning to keep improving skills Ability to sell and promote Vision Self-belief is key Rule-breaking to some degree Dream big They are results-driven Independent Power to accumulate wealth Conclusion

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24. How will you change your business today

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Key Point How will this knowledge help you improve you life You are going to think different. Trust yourself more. Believe that you can succeed. I have applied all these points in my life and will like to share them with you so you can physically and mentally succeed in any undertaking life throws at you. Divine Tumenta Introduction A change in how you think and act can make the difference in your life as you start or build a company with passion.

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Divine Tumenta is an entrepreneur and professional digital marketing expert who has worked in digital marketing for more than 8 years. He is currently founder and CEO of and a go to consultant for startups and small businesses in the USA. My Expertise Entrepreneur Digital Marketing Expert SEO Paid Search Social Media Web Design PR Why I wrote this... To help entrepreneurs starting out with new hopes of changing the world. Keep pushing on and know you are doing the right thing. Every morning when your alarm goes off How do you react do you enjoy getting ready for work Do you feel like you are contributing to something every time you seat at your work desk See why I wrote this guide. About The Author Its important to establish credibility with your reader at an early stage. Prove to people that they can trust your content.

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“Follow your passion be prepared to work hard and sacrifice and above all don’t let anyone limit your dreams. — Donovan Bailey Passion Motivation should be imminent If theres one word that describes the fundamental trait in most entrepreneurs it would be passion for what they do. To really know if you can be an entrepreneur you should be asking yourself these questions Is there something that you can work on over and over again without getting bored Is there something that keeps you awake because you have not finished it yet or on time Is there something that you have built and want to continue to improve upon again and again every single day Is there something Work that you enjoy the most and want to continue doing for the rest of your life Your demonstration of passion towards your work and motivation will determine your success in any entrepreneurial venture you decide to persuade. From building and implementing a prototype to pitching your idea to investors success is a function of passion determination and patience.

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“Business is all about risk taking and managing uncertainties and turbulence. — Gautam Adani Risk-Taking to your Advantage Entrepreneurs are risk takers ready to dive deep into a future of uncertainty. But not all risk takers are successful entrepreneurs thats just how life works. So here is what differentiates a successful entrepreneur from the rest - in terms of risk Successful entrepreneurs are willing to risk time and money on unknowns but they also keep resources and plans for dealing with "the unknowns" in reserve. When evaluating risk a successful entrepreneur will ask himself/ herself is this risk worth the cost of my career time and money And what will I do if this venture doesnt pay off in the long term

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“I believe that if you don’t want to do anything then sit there and don’t do it but don’t expect people to hand you a corn beef sandwich and wash your socks for you and unzip your fly for you. — Shel Silverstein Self-belief Hard work Disciplined Dedication towards work Entrepreneurs enjoy what they do everyday. They believe in themselves and are confident and dedicated to their project as an extension of who they are. Occasionally they may show stubbornness in their intense focus and faith in their ideas. But the flip side is their demonstrated discipline and dedication in making sure everything is strategically done to bound success.

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“The boldness of asking deep questions may require unforeseen flexibility if we are to accept the answers. — Brian Greene Adaptability Flexibility in the process It’s good to be passionate or even stubborn about what you do in life. But being inflexible about client or market needs will lead to failure in the long term. Remember an entrepreneurial venture is not simply about doing what you believe is good but also making a successful business out of it for your time and investments. A Market needs are dynamic: changes are a recurring phenomenon. Successful entrepreneurs welcome all suggestions for optimization or customization that enhances their offering and satisfies client and market needs. A product you develop for yourself alone may qualify as a hobby but a product for the market should satisfy market needs and generate revenue for profits or if an NGO funds raised.

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“You can’t create a mass market if you don’t have a common standard. — Henry Samueli Understand Your Offering – And Its Market standards Entrepreneurs know their product offering in and out as they work on their products daily. They also know the marketplace and its dynamics inside and out. Remaining unaware of changing market needs competitor moves and other external factors can bring even great products to failure.

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“No business in the world has ever made more money with poorer management. — Bill Terry Money Management to profitability It takes time to get to profitability for any entrepreneurial project. Until you get there capital is limited and needs to be utilized with smarts to keep you business moving in a positive direction. Successful entrepreneurs realize this mandatory money management requirement and plan for present and future financial obligations. Even after securing funding or going fully operational a successful businessman keeps a complete handle on cash flows as it is the most important aspect of any business as it grows.

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“The biggest competition is myself. I am not looking to follow others or pull them down. I’m planning to test my own boundaries. — Rain Planning But not Over- planning in every situation Entrepreneurship is about building a business from scratch while managing limited resources including time money and personal relationships everyday. It is a long-term commitment and attempting to plan as much as possible at the beginning is a noble impulse to getting there in the long term. In reality however planning for everything and having a ready solution for all possible risks may prevent you from even taking the first step. Successful entrepreneurs do keep some pain drive in motion but more importantly they maintain a mindset and temperament capable of dealing with unforeseen possibilities. Do a feasibility analysis identify time and capital thresholds take the deep dive with your limited resources. If your thresholds are crossed look for alternatives and be prepared to take the next exit.

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“Networking is an essential part of building wealth. — Armstrong Williams Networking Abilities How do you tap your network for solutions Many people seek comfort in commiseration: friends colleagues and neighbors are happy to complain with you about "the global slowdown” poor demand or unfair competition but that wont improve the bottom line. What do successful entrepreneurs do They reach out to mentors with more experience and extensive networks to seek valuable advice that can help them with growth. Having such networking abilities including more experienced mentors is a key characteristics of some successful entrepreneurs.

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“An exit is only a success if you set an exit as your primary goal. My primary goal was to build a globally influential tool to build something from the ground up that could literally change how we communicated in business and individually. — Ryan Holmes Being Prepared to Take the Exit Not every attempt will result in success but dont beat yourself. The failure rate of entrepreneurial projects is very high Failing as an entrepreneur is a learning process in order to succeed. At times it is absolutely fine to take the “practical” exit route and try something new instead of continuing to make sunk cost investments in the same project. Many famous entrepreneurs werent successful the first second third time around. But they had the serenity and foresight to know when to cut their losses.

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“The main thing to know about me is that I’m a champion of entrepreneurs and the startups they build. They are my rock stars. If in doubt I side with them and that’s clear from my writing. — Michael Arrington Most Entrepreneurs Doubt Themselves – But With Reservations You may ask yourself am I an entrepreneur And the very question may put you in doubt about the answer. Even if you dont have the coverage of Elon Musk but have the courage to ask yourself intimidating questions – Can I do this Do I want to do this – you have the intends to be an entrepreneur. Instead of worrying about fitting the image of the an entrepreneur check in with your gut. Is it on board with your mind

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“Believe in yourself Have faith in your abilities Without a humble but reasonable confidence in your own powers you cannot be successful or happy. — Norman Vincent Peale High level of confidence Entrepreneurs that have a high level of confidence are able to get the job done even under the most stressful conditions life has to offer. Entrepreneurs understand that big challenges breed big rewards. This is the same mentality that allows successful entrepreneurs to spot an opportunity when most just see a possible challenge with no solution. When most focus on the challenge a successful entrepreneur focuses on the solution and ways to solve this problem for others.

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“Learning how to learn is life’s most important skill. Craves learning to keep improving skills As an entrepreneur you have to stay sharp and that requires constant learning. Industries constantly change and evolve but only those that are also growing through constant learning will stay ahead and succeed. You will always have competitors combating you to get ahead so you have to keep the speed. There will always be someone claiming to be the next greatest thing. — Tony Buzan Staying sharp and learning constantly will enable you to stay ahead and avoid getting passed. Read books and wake up earlier in the morning to read industry news to see whats trending. Do everything you can to constantly learn and absorb new information.

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“The story of the human race is the story of men and women selling themselves short. — Abraham Maslow Ability to sell and promote If you watch the TV show Shark Tank then you have certainly heard Mark Cuban tell entrepreneurs on several occasions that "knowing how to sell is an absolutely essential part of being a successful business owner. If you can’t express what it is that makes your product or service a solution to a problem you will be in for a rough ride". If you the creator can’t explain it then who will Start asking yourself this question

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“In order to carry a positive action we must develop here a positive vision. — Dalai Lama Vision One of the defining traits of entrepreneurship is the ability to spot an opportunity and imagine something where others havent. Entrepreneurs have a curiosity that identifies overlooked niches and puts them at the forefront of innovation and emerging fields. They imagine another world and have the ability to communicate that vision effectively to investors customers and staff.

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“Self-belief and hard work will always earn you success. — Virat Kohli Self-belief is key Self-confidence is a key entrepreneurial trait carried by most successful entrepreneurs. You have to be crazy-sure your product is something the world needs and that you can deliver it to overcome the naysayers who will always deride what the majority has yet to validate. Researchers define this trait as task-specific confidence. Its a belief that turns the risk proposition around--youve conducted enough research and have enough confidence that you can get the job done that you ameliorate the risk.

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“Sometimes breaking the rules is extending the rules. Rule-breaking to some degree Entrepreneurs exist to defy conventional wisdom. A survey in 2015 by Ross Levine of the University of California Berkeley and Yona Rubinstein of the London School of Economics found that among incorporated entrepreneurs a combination of "smarts" and "aggressive illicit risk-taking activities" is a characteristic mix. — Mary Oliver This often shows up in youth as rebellious behavior such as pot- smoking. That description would certainly hold true for some of the most famous entrepreneurs of recent years. In fact simply starting a business breaks the rules as only about 13 percent of Americans are engaged in entrepreneurship according to a Babson College report. Doing what the majority isnt doing is the nature of entrepreneurship which is where the supply of inner resources comes in.

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“Just dream big. Anything is possible. — Kelita Zupancic They are possibilities thinker who believe there are possibilities and are not limited b commonly held boundaries. They look beyond to ask the “what ifs” questions. They look for answers and solutions and aren’t daunted by challenges. In fact they relish challenges. Dream big Successful entrepreneurs have the ability to envision a new reality and the will to bring it to fruition. They have crazy big dreams even though to some these dreams may not be realistic or practical. But it is the big dreamers who really succeed.

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“It’s not my job to be popular. I’m goal-driven my job is to get results. — Paddy Ashdown They are results-driven Successful entrepreneurs are passionate about results. They want their actions to have a direct impact on results. They want the job done. They also have the ability to conceptualize the whole of a business not just its individual parts but how they relate to each other. They are individuals who always come up with new ideas.

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“True independence and freedom can only exist in doing what’s right. — Brigham Young Independent Entrepreneurs love to be in charge and be their own boss. They want to be in control. They carve their own path relying on their own talents instincts and skills. They don’t take orders from anyone and do not need validation from superiors judging them whether they are worthy of a promotion or capable of handling more responsibilities. Entrepreneurs move and make decisions on their own without waiting for someone to push them. While being in charge can be daunting at times the rewards of seeing the results of all the hard work are tremendous.

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“Wealth is the ability to fully experience life. — Henry David Thoreau Entrepreneurs view starting their own businesses as an opportunity to earn far more than they could ever from working for some other company. Win lose or draw entrepreneurs want to be masters of their own financial destiny. Power to accumulate wealth Entrepreneurs appreciate what money could bring to their lives – and embrace it. They know that financial success can afford them with opportunity freedom and well-being.

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Conclusion Successful entrepreneurs strongly believe in themselves. In fact many of them are supremely confident individuals. However their strong belief in themselves doesn’t necessarily mean that they don’t experience self-doubt. Entrepreneurs do They experience fear but instead of running away from their fears they embrace what they fear the most and just plod on. Personal qualities and their correct demonstration with the right stakeholders are the determining factors for success or failure as an entrepreneur. A realistic self-assessment checklist against these suggested guidelines will ensure you take the right steps in the right direction to succeed in business.

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