What Does It Take To Be An Entrepreneur

Successful entrepreneurs often earn their fortunes when there is a depression or economic downturn. Colonel Sanders creator of Kentucky Fried Chicken, base ball player Babe Ruth, and Monopoly game designer Charles Darrow earned the bulk of their fortunes during the depression. Here are thirteen ways that self-employed earners and business owners can be successful in any industry.

Solve Complex Problems

Being a natural problem solver makes it challenging for most business owners to fit into corporate America or a traditional 9 to 5 job. People who earn a higher than average income are those who solve the most complex or painful problems.

Do not Ignore Opportunities

Business owners must be able to view problems in the market as an opportunity. When a problem is identified within the business create a product or service to draw in people who are already buying in that particular industry.

Self Motivation and Determination

Determination is the only way to complete complex projects and to stick with things when things may not go as planned. Never expect others to be motivated about a business vision they did not create.

Business Plan

Many entrepreneurs fail to make concrete business plans. These plans need to be written and put into a printed document. Use this business plan to show the goals and structure of the company to potential investors.

Action Oriented

Entrepreneurs must be action oriented, procrastination will quickly bring all potential progress to a halt.

Continuing Education

Learning new skills to apply to the business is an ongoing tasks. Invest a portion of the profits into seminars, local continuing education classes, books, instructional videos, and audio trainings.

Use Technology

Embrace technology to keep current with how technology is used to attract new customers and make it easier for customers to interact with the customer service department of the business.

Outsource

Entrepreneurs have to let go of activities that can be done by other professionals. Business owner must manage their business and spend their time on the proven activities that make money.

Reward Customers or Clients

Develop ways to interact with customers where they feel acknowledged and appreciated. Reward customers for being loyal through discounts, specialized products, or giving exclusive access to private sales.

Healthy Ego

Entrepreneurs by nature may have a healthy self-esteem. Never let the ego get in the way of making improvements that are suggested by a professional consultant or a colleague to improve the business.

Good Habits

Strive through daily actions to meet the business goals. Being successful is directly related to the habits done consistently, examples include marketing, creating new products, and reviewing the health of the business finances.

Idea Stream

Thinking outside of the current business model is hard for entrepreneurs who have a clear vision of what they to offer to the world. Create idea streams that by encouraging customers to share their ideas.

Time Off

Prevent burn out by learning how to stop working. Schedule time to work and time for relaxing and spending time with loved ones. Clear boundaries must exist between personal life and professional life.

Passive Income

Create passive income sources to experience true financial stability. It can take several months years before a business idea can completely support an individual or a household.

Take action on these tips to become a successful entrepreneur like I did as a teenager. Get linked up

Incoming search terms:

  • The extent to which the business embraces entrepreneurial qualities
  • the extent to which kfc embraces entrepreneurial qualities
  • what entrepreneurial traits did darrow use to make monopoly a success
  • Entrepreneurial Qualities of KFC
  • entrepreneurial qualities projected
  • Kfc enterpreneurial embraces qualities

What Are the Secrets of Being a Successful Person?

What makes one person successful, and another not? It’s easy to point to education, inherited privilege, and other fairly obvious reasons. But other factors are also at play. There are no big secrets. No hidden legends. It’s not something that you can snap your fingers and achieve. It starts by establishing your goals and taking that first step towards achieving them. It’s about one’s mindset. It’s about taking responsibility for setbacks. It’s about finding solutions instead of dwelling on problems. There is no clear road map, but the following may help a lot of people figure out what they want to do and work on getting there without giving up.

First, figure out what your goals are. Success is defined a lot of different ways by a lot of different people. Some see it as achieving financial wealth. For others, it’s about doing something that they enjoy, no matter the pay. Others are lucky and the thing that they enjoy also earns them financial wealth. Figure out what’s important to you and what your own definition of success is. Once you do, do your homework and figure out what the first step should be in achieving that goal. It may be getting an education. It may be starting a business. It may be finding a new job. It can be lots of things. Whatever it is, go for it.

Once you figure out what you want to do and start down that path, don’t make excuses or blame something or somebody else for any setbacks or failures. Successful people fail. A lot of them fail all of the time. But they are focused on solutions, rather than dwelling on the problem. There’s no harm in thinking about what went wrong, as well as once you figure it out you pick yourself up and try again with that knowledge. Laziness, procrastination, and whining are the enemy. Admit that you made a mistake and move on.

Those who find success in life often do so through hard work that takes them to many different places—physically and metaphorically—and allows them to continue learning well after they complete their formal education. Success can also come from knowing one’s limitations, and learning when to walk away. That is not to say that they give up, but if you strive towards a goal and know that you did everything you could and tried in every conceivable way to get there, but in the end you were unable to, walking away is a lot easier. And that next journey won’t seem so daunting.

Best Kept Secrets to Success After College

As students graduate from college, there’s no doubt they’ll hear advice from plenty of people. It can be dizzying, and maybe even a little annoying. But taking the time to listen to those who have experienced what you’re experiencing right now can be very beneficial and can get you on the right path as you embark on the next stage of your life. Take advice with a grain of salt. Consider where it’s coming from. Consider how it’s helped the person giving it to you. Consider what caused that person to come to the conclusion that what they’re giving you is good advice.

If you’re considering graduate school, choose a program and a school with which you feel comfortable. Adding to your credentials isn’t going to be detrimental to your future success, but don’t do it just because most agree it’s the next logical step in your career field. Sure, if you want to be a doctor, you need to attend a medical school. If you want to be a lawyer, you need to attend a law school. But for a lot of other goals, you may not necessarily have to earn a certain degree to be successful. Consider your options, research the opportunities available to you, and choose your next step because you feel it will be most beneficial to you.

Don’t expect your degree alone to take you places. You can collect all of the credentials in the world, but if you do not understand how to implement what you’ve learned into the real world to produce real results, you’re not going to go very far. The best way to improve your candidacy for jobs or to set yourself up for success is to gain some practical experience in the workplace while you’re studying in college. Make sure you don’t settle for just any old job, but do your research and find an opportunity that will truly benefit you and prepare you for future endeavors and goals.

Always do your best to network while you’re still in school, and when you graduate. Meet people, develop relationships, and you’ll not only expand your worldview, you could also open a few doors here and there. Participate in extracurricular activities, especially in a field you plan to enter. Join some clubs, volunteer for activities at school, and offer to work with professors who may be conducting research or special projects. Even if they don’t ask for volunteers, it wouldn’t help to inquire about opportunities to assist them.

Incoming search terms:

  • how to be successful after college

Making the Most of Your College Years; Q&A with Brian Moaddeli

Brian Moaddeli is the current Vice President for Northern and Southern California branches of College Works Painting, an entrepreneurial management internship program for college students, but got his start in the business world when he founded a successful internet company at the young age of 14. While studying at the University of Illinois at Urbana-Champaign Brian started another company, Champaign Real Estate. The California branch of College Works Painting has flourished under Brain’s leadership, experiencing nearly 100% annual growth consistently over the last 5 years. A professional highlight for Brian has been the opportunity to serve on the Board of Directors of the Entrepreneur’s Organization in San Diego, representing more than $551 million in annual sales. Brian Moaddeli provides his perspective to college students interested in reaching their potential in college and prepare themselves for success beyond graduation.

What Clubs and Activities Should I Join While in College?

Networking with like-minded students and faculty is an important part of the University experience, and joining extracurricular activities is a great way to do this. Most schools offer lots of options to choose from—sometimes making it difficult to decide what to choose. Personally, I think that the role you take within the group is more important than the type of club it is; don’t just be a passive member, become the club president, treasurer, or head of marketing. Down the road, graduate schools and employers will know that the majority of students join on-campus activities, but it takes someone with initiative to become the leader of a group, or to start their own. Rise to the top of the pack taking responsibility as a leader of whatever interest you’re passionate about.

I want to work for a certain company, but they’re not hiring summer jobs. What should I do?

If you are passionate and want to work for a very specific company, say a sports franchise, your best bet is to intern for them while you’re in school. That way, once you graduate and are ready to work full time, you’ll already have contacts and work experience there. If they’re not hiring at the moment, be persistent and willing to do whatever it takes—even if that means working for free. Prove that you’re someone who should get paid. If you can manage it, the experience you gain will pay off.

Shouldn’t I focus on education while in school and working once I graduate?

I’ve seen a lot of students buy into the misconception that the degree they’re earning is what is going to get them a job after graduation. They think that in an interview they’ll be able to sell their abilities based on their degree and their lofty aspirations—being ‘highly motivated,’ with a ‘great work ethic and drive.’ These are great qualities to have, but these points alone won’t effectively set candidates apart from the thousands of others who are competing for the same positions, especially in today’s economy. Employers are more inclined to think, ‘If they haven’t done it by the time they’re a senior, what’s to say they’re going to do it post-grad?’ That is why it’s important to develop yourself into a well-rounded individual before jumping into the job market after college.

How do I choose the best grad school program? Does getting into a ‘big name’ school really matter?

Choosing a grad school depends entirely on what you seek to gain from the degree. You can get an MBA from a top ranked university or a little-known online college, and the degree will be the same but the experience will be completely different. That being said, the quality of your post grad experience is heavily dependent on who you are as a person and the effort you put into it. Just make sure that when deciding on a post graduate degree and program, you are doing it for reasons that are beneficial to you, and not just because you’ve been told it’s “the right thing to do.” Take ownership, do research, and define your own path to success.