It seems that some business people always seem to be prosperous and successful and are able to easily attract clients and more revenue? While other business people seem to struggle constantly and despite their hard work and sincere efforts, they do not prosper and are not successful. Did you ever wonder about why this is true? Could it be an attitude or mindset? Your Strategic Thinking Business Coach recalls from several past books, seminars and workshops that the attitude or mindset one has toward his or her business plays a very critical role in the level of success in that business.
So how can we describe this mindset, which is an intangible thing? Perhaps, if we think about some positive characteristics we see in those we consider to be prosperous and successful, we can develop a mental picture of the attitude or mindset of successful people. Your Strategic Thinking Business Coach offers the following list of ten (10) characteristics that are common among successful business people.
Successful business people:
+ recognize and accept the value of their business and themselves
+ define and trust what they believe is their purpose in business and life
+ visualize and focus on positive outcomes in their business and their life
+ maintain a work and personal life balance
+ develop and maintain a support system of people with similar mindsets
+ maintain a level of self-confidence about their business and personal plans and actions
+ maintain a keen awareness of their vision, mission and goals for their business and their life
+ seek outside advice
+ recognize and admit their limitations
+ exhibit their passion in what they do in their business and personal lives
Archive for: ‘January 2012’
10 Common Characteristics Of Successful Business People From Your Strategic Thinking Business Coach
What Is An Entrepreneur?
As it is said, ‘The Beginning is always the best place to start’ but what if you do not know where the beginning is?
On a forum that I am a regular member of there was a thread that was started that has become quite an interesting debate – and it all revolves around:
What is an Entrepreneur?
It all started by the mention from one member that he didn’t think that affiliate marketers can be classified as entrepreneurs as they are just sales people. I think that there is some credibility in that statement, but I think that it is very generic and to stereotypical.
An entrepreneur is a person who operates a new enterprise or venture and assumes some accountability for the inherent risks. (source: Wikipedia.com)
I know there are many different definitions of an entrepreneur and this is what makes defining an entrepreneur so difficult.
My perception of an entrepreneur is somewhat similar to the above definition. I think that an entrepreneur is:
Someone that has creative ideas and takes risks and responsibility in relation to those ideas usually with the aim of creating wealth.
That is just my personal opinion, so don’t shoot me down, but it made me think does it really matter who or what is defined as an entrepreneur? I mean if a person starts a business selling shoes and floats it via IPO, walking away with a nicely padded back pocket – good on him. And if a young person creates a strategy to make money promoting affiliate programs through his blog, website or even just with PPC – then his new venture would be a success and I would give him the credit he deserves.
I think the focus shouldn’t be on ‘I’m an entrepreneur and you are not’. We should be more focused on our plans – whatever they may be, and put our effort into them.
Who Is An Entrepreneur
An entrepreneur is defined as a person who undertakes a business, bold and difficult, with the chance of profit or loss. A true entrepreneur goes beyond this simple definition. He is not the creator of any new good or service. Rather, he is an optimist with the vision and creativity to turn an innovative idea into reality for benefit of others. He has the courage to undertake financial risk, to follow his dreams. He can see opportunity in a problem. He has a burning ambition and cleverness to succeed. He sets realistic goals, takes calculated risks based on facts and experience, works hard, is totally focused and motivated to make it happen.
What is Entrepreneurship?
Enterprising individuals with time, money and ideas can convert the three production factors of land, capital and labor into a profitable enterprise. In economic terms, land is not just real estate but also includes natural resources like minerals, plants and animals as well. Capital is not money only but a resource that produces wealth. Labor refers to human endeavors that produce wealth. Land, capital and labor create value, but are not the sole contributors to wealth. The fourth factor of production, missed by many, is entrepreneurship. It makes the connection between the three to create something that had not existed before. This insight and creativity makes the other three factors productive and turns an idea into a profitable reality.
Qualities of a Successful Entrepreneur:
There are certain qualities that go to make outstanding entrepreneurs. These qualities are not inborn and can be learnt and acquired.
o Enterprise: The ability to distinguish between a ‘bright idea’ and a ‘viable one.’ He then works hard to implement those ideas into reality.
o Dynamic and Industrious: He is disciplined, motivated, and enthusiastic with high energy levels. He should be prepared to work hard for long hours with a never-say-die attitude. His enthusiasm and charisma electrifies the co-workers to pitch in with their best.
o Leads the Way: He has exceptional organizational and managerial skills, is assertive not aggressive. He remains steady and in control of the situation to lead the way by example.
o Conceptual: Trusts his gut feelings and instinct. Takes all risks even in face of co-workers opposition, recognizes opportunity and works on making the concept a reality.
o Feeling the Pulse of the Market: Does a meticulous market survey, perceives product demand and customers need.
o Introduces innovative products for the benefit of the customers
o Marketing: A dynamic sales plan to market your product is an art. To create brand recall in customer’s mind and to build brand loyalty, the promotion technique has to be unique, impressive and aggressive. This gives a perfect exposure to the product.
o Vigilance: Customer feedback is very important. Augment, improvise and upgrade to newer versions with latest technology to beat competition. Re-invent to keep the product offering relevant in a crowded marketplace.
A successful entrepreneur is always on the lookout for better options and greener pastures to expand his business horizon. A ‘never say die’ attitude and a positive approach will stand you in good stead while running your enterprise.