The life and career of an entrepreneur is tough and is etched with challenges in every step of the journey. There are certain traits and qualities that an entrepreneur should possess. It is necessary to remain in the business because suffering a setback isn’t easy and trying to build a company from scratch is definitely not easy.
Here are few mindsets an entrepreneur should adopt to remain in the business:
1. Oodles of confidence
Add endless amounts of confidence to your personality but make sure the liberal dosages are confined to just confidence and don’t tend to be over-confidence. You need to be confident about your idea and your plan because if you aren’t sure, you can’t convince others. You need to be thorough and proud of your plan to pitch it to VCs in the best way possible.
2. Be fearless
Under-confidence can be a reason for being scared of adopting new ideas in any sphere. If you want to succeed in this field, you need to be fearless and try new things. Once you overcome your fear, you will learn about a world of possibilities beyond what you thought was achievable. It doesn’t matter if you fail or succeed; either way, it is a great learning opportunity which lets you explore yourself.
3. Choose your own goals
Just because the competitor is growing at a break-neck speed doesn’t mean you need to copy them. Choose your own goals and make sure they’re realistic and can be fulfilled in a set time period. You know best what you and your company can achieve in a given time period so be confident enough to have the guts to set your own goals and work towards achieving them relentlessly.
4. Accept challenges
Challenges can approach you at any time and in any form: an unhappy employee, an unsatisfied client or a failed idea. Do not shy away from the challenge. Accept it whole-heartedly and face it head-on. Try to find out creative and fool-proof ways of overcoming the hurdle and move forward.
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5. Owning responsibility
For a normal employee’s mistakes, the boss and the higher section of the office hierarchy is responsible but in the case of an entrepreneur, he is the one solely and wholly responsible for all actions; good and bad. Entrepreneurs understand the value of opportunities and don’t waste them. You need to step up and be proactive in all spheres to set an example for your employees.
An entrepreneur shouldn’t shy away from taking risks because these risks are the ones which might pay off and make him successful later. If you’re afraid of risks, you will put a limit to how much you can grow and succeed as a company and continue existing in the comfort zone. But to become bigger than yesterday, you need to go ahead and take that risk. The worst case might be that the risk you take might not pay off; in that case, you can treat it as a great lesson and continue with your life.
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7. Enjoy breaking pre-conceived notions and rules
You didn’t choose entrepreneurship over a normal 9-5 job to stick to the age old rules in the company rule book. Entrepreneurs shouldn’t be accepting the status quo and looking to break them creatively at all times. Learn to look at problems with a parallel and unique vision nod develop new and creative solutions to them.
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