An entrepreneur is a risk-taker business geek who creates and sells his business. While he/she takes on financial risk and is ready to bear the burden of a loss, an entrepreneur is rewarded with money fame and humongous success if his/her business flourishes.
An entrepreneur is an experienced professional, who has worked and garnered enough experience to formulate his/her own business. He or she is a calm individual, an observer and a self-starter, who is ready to take brave decisions and risks to become successful. He or she is a disciplined, organized, smart, intelligent and calculative time manager who knows when to do what and speaks sense always. A successful entrepreneur like Dhiroobai Ambani, Bill Gates, Ratan Tata, Mark Zuckerberg, Satya Nadela, and Mukesh Ambani, etc, have created a business empire owing to their inspiring habits. Their passion to become a successful entrepreneur made them global icons and role models to follow. Like Rome was not built in a day, their goals took time to flourish and success was years of hard work and a goal-oriented mindset. A well-organized, disciplined life is the key nature of every entrepreneur who was once a thriving entrepreneur. While Bill Gates made Microsoft a global name, Satya Nadela is leading the world’s largest search engine – Google. Mark Zuckerberg has made social media and digital business a trend with the launch of Facebook.
Inspired by these entrepreneurs, we have formulated some workable tips for thriving entrepreneurs to create a successful business model and thus become successful businessmen. Do have a look if you are wanting to become a thriving entrepreneur.
Video: What makes an Entrepreneur
Formulating your business idea
The very first and foremost step to become a thriving entrepreneur is knowing the type of business, you want to do. Once you are clear about your area of focus, you can formulate your business idea.
Business coaching programs
Keep searching for all possible solutions, when you have a great idea but you’re lacking in certain skills then don’t hesitate to participate in business coaching programs.
Drafting a business strategy
Once you know your focus of interest, you must draft a business strategy so that you know how to move towards your dream! You can take the advice of experts from the market while formulating the business strategy. Try to look at the current market and observe those small and medium sized companies performing well and brainstorm their most successful small business ideas.
Video: Take proper mentor ship starting from small business coach
A clear vision
You must have a clear vision of your business and where do you want to see it in the next five years. Once you know that you ought to achieve which goals in the next five years, you will start taking calculative steps towards it. You would know when to do what and what to avoid!
Set Achievable Goals
Setting goals is a very important step to become a successful, thriving entrepreneur. While a strong business strategy, hard work, clear vision and self-motivation are the stepping stones to achieve your dream, but these may fail if your goals aren’t practically achievable. Hence, it is very important to set achievable goals. You can set both short term and long term goals and create a timeline for achieving them.
Check-in with yourself and work progress regularly
Keeping a track of your work progress helps you to know how far you have reached when it comes to achieving your goals. Do a daily, weekly and monthly analysis of your company’s progress.
Apart from keeping a track of your company’s progress, you must also keep a record of your growth as an entrepreneur, where you have flourished and where you are lacking, etc, so that you know where to work more.
Be greedy for knowledge
All top CEOs and successful entrepreneurs in the world are greedy for knowledge. They read books, are well informed and updated. Hence, to be at the top of the game, you must always be on the verge of garnering a lot of knowledge. Read inspiring books and books written by successful entrepreneurs, watch motivational and business videos attend business panels and seminars, be active and do extensive networking on LinkedIn.
Self-modeling is observational learning that helps one to observe their behavior and enhance skills, they are lacking. You can opt for a video self-modeling option, wherein you can document your behavior as an entrepreneur during meetings, conferences presentations, etc, and know areas where you need to grow.
Video: Self Motivation
Be Clear and Responsible
Running a business is a huge responsibility. Hence, you will have to take your business responsibility very seriously and be serious about your goals. Also, be clear about your goals and strategies as it will help your employees to know the company’s goals. Always talk to your team as well and take their feedback too. A healthy working environment can make wonders for your business and thus make you a positive leader.
Opt for smart work
It is true that it requires strong will power, patience and dedicated hard work to become a thriving entrepreneur, but putting on smart work will give you more profit than grilling like a laborer. Hence, they say work hard but in a smart way!
Self Care and Fitness is a must!
To be successful, you must be fit and sound to survive in this competitive work. Hence, you must take care of yourself, pamper yourself, meditate and practice daily workout.
Video: Self-care Routine for Entrepreneurs
Pat yourself for achievements so far!
Self-motivation is the best positive dose of motivation in your journey of becoming a thriving entrepreneur. While you motivate yourself and keep a positive mindset to achieve your goals, you must pat yourself for the achievements made so far. Celebrate even your small success to boost your confidence in achieving bigger goals. Be grateful for the good things that happened so far in your journey to become a successful entrepreneur.
Do let us know your feedback in the comments section below!