how to become successful entrepreneur

7 reasons you need more than just hard work to succeed as an entrepreneur

It is not just hard work which you need to put in to become an entrepreneur.

We’ve often heard that hard work is what will get you where you want to be. However, it is not just hard work which you need to put in to become an entrepreneur. Instead, it is a combination of factors along with hard work which is the true reason for entrepreneurial success.

Here are 7 reasons why you need to put in more than just hard work to succeed as an entrepreneur:

1. Hard work doesn’t come up with a kick-ass idea

Hard work begins only after you have a brilliant idea which is innovative, out-of-the-box and appeals to the masses. No amount of hard work can boost your creativity to come up with an idea in an instance. An idea might come to you randomly or with some inspiration but hard work is certainly not the way to get one.

2. Entrepreneurship requires team effort

Hard work isn’t enough to succeed as an entrepreneur because it isn’t a one-man show. It is a collaborative team effort and you’re doomed if you’ve hired the wrong guys. No matter how hard-working you are, you might have to slow down for your team members to catch up and then, continue working as a team.

3. Creativity isn’t a by-product of hard-work

Some people are creative while some aren’t; no amount of hard work will make you as creative as the other person. You can look for inspiration which comes from within or the surroundings but putting in mindless hours of hard work won’t make you a creative person.

4. Earning money

In order to earn more money as an entrepreneur, one needs to be smart and take good decisions instead of slogging like a donkey. Hard work is necessary but what is more important is to apply it the correct places for maximum productivity and output. If you can earn 500$ in 5 hours, why put in 10 hours to earn the same money?

5. Experience

Just because you work for 20 hours a day doesn’t mean you can compete with people who’ve been in the scene for 20 years. No amount of hard work can match up to experience and it is only the latter which can help you make quick yet balanced decisions for your company.

6. You can’t kill competition with hard work

You competitors might be better than you because they have a more evolved idea and better investors. You need to buck up on those fronts rather than just adding hours to your work schedule. Hence, for an entrepreneur, it is necessary to strategise well and come up with a plan which informs you about the shortcomings you need to work on.

7. You stop living your life

This is the worst thing you can do to yourself. Just because you work very hard doesn’t mean that you have the opportunity to ignore everything else. Instead, it is important to take breaks and spend time with loved ones so you can remain more focused on your work and eliminate the chances of emotional burnout.

This article doesn’t demean the importance of hard work in any way. All it says that an entrepreneur shouldn’t mindlessly put hours of work which might go for a waste. Instead, one should be smart and try to gain maximum benefits and success from the time one actually devotes to a task.

6 tips for excelling as an entrepreneur

If the achievements derived from setting a venture seems worth it, an entrepreneur is labelled as successful. Here are some tips an entrepreneur should follow to gain success.

Every entrepreneur who sets up his own venture wants to be successful and make profits. Nobody wants to lead a company which is running in losses. However, the fate of an entrepreneur depends on a variety of factors like calculated risks, a dedicated team, VCs etc. If the achievements derived from setting a venture seems worth it, an entrepreneur is labelled as successful.

Here are some tips an entrepreneur should follow to gain success:

1. Think out of the box

It is very important for an entrepreneur to be creative and innovative with his ideas. Even if the product or service being offered isn’t new, one needs to add certain value to make it seem appealing to the target audience.

Competition in the market is huge and one needs to be different in order to be successful.

Start-ups like OYO rooms, Zomato and Happilyunmarried could gain success only because they dared to be different and think out of the box.

2. Don’t let failures affect you

An entrepreneur’s life isn’t a smooth sail; it is full of ups and downs. At many points, an entrepreneur is bound to encounter failures in life. However one must be determined and focused on the end goal and mustn’t let failures affect them. Entrepreneurs should learn that failures are stepping stones to success and treat them like minor setbacks. All great entrepreneurs like Bill Gates, Milton Hershey have faced failures in life but they were able to succeed only because of their determination.

3. Be optimistic

It is essential for an entrepreneur to remain optimistic at all points in his life as without the right attitude, it is very difficult to actually set a goal and achieve it. An entrepreneur should be focused towards his final goal and undertake whatever steps are required to achieve it.

Optimism is what keeps an entrepreneur going on difficult days as he knows that the outcome of all the hard work will be rewarding.

4. Accept help

You might want to behave like a boss and pretend to know it all but in reality nobody is capable of knowing everything. There are certain areas or situations which might seem unfamiliar to you. Once you enter the unknown territory, don’t shy away from accepting help.

More experienced employees or even other entrepreneurs can be handy and help you get out of the sticky situation. Their able guidance will only aid your success in the future.

Related Post: 3 Ways to keep the self-confidence alive

5. Be passionate

Passion is what inspires an entrepreneur to keep pushing forward. If an entrepreneur isn’t passionate about what s/he does, s/he can never convince other people about the business. Also, it is very important to nourish that passion and let it grow. One should be willing to sacrifice everything for their business and commit to it especially during the rough patches. Passion motivates an entrepreneur to push harder and achieve greater success in life.

“If you just work on stuff that you like and you’re passionate about, you don’t have to have a master plan with how things will play out.” – Mark Zuckerberg, founder of Facebook.

6. Build a great team

An entrepreneur might aspire to succeed as a one man team but a successful one knows it isn’t possible. Well seasoned entrepreneurs know that there are different areas that need to be looked after like marketing, social media, sales etc and to achieve success, one needs to manage all these areas well. However, it isn’t possible for one person to look after all these areas which is why an entrepreneur needs to build a dedicated and coordinated team which works together to achieve a common goal.

If you want to succeed as an entrepreneur, keep these tips in mind.

Image credit: www.lifehack.org

7 ways to supercharge your success

One can supercharge their success by certain ways in order to inspire themselves further as well as the other people around them.

Success is achieved by some within a short span of time while others need to work hard for it. However, one can supercharge their success by certain ways in order to inspire themselves further as well as the other people around them.

Here are a few ways in which people can supercharge their success:

1. The process of learning is never ending

Even if a person reaches the pinnacle of success, the process of learning can never be over. One needs to constantly educate and inspire oneself to achieve greater heights in life. The moment one decides to stop gaining knowledge, one starts making grave follies. Constant learning leads to gradual evolution which is beneficial to you as well as your company.

2. The sky is the limit

One of the major reasons people decide to stop evolving and innovating is because they choose to bind themselves to a limit. However, a successful entrepreneur knows that the limit doesn’t exist and growth and development can be achieved constantly through learning and believing in yourself. Also, limiting yourself will never let you crawl out of your comfort zone which is why one needs to push harder to become better.

3. Help other people who require it

A lot of successful entrepreneurs share their success story and also take the time out to give tips to budding entrepreneurs. This is a healthy practice as sharing your knowledge can help others who require it and make yourself feel good about it. Sharing inspiration today is easier than before as one can encourage people through blogs, social media and interviews on various platforms.

4. Health is wealth

A lot of people make a very crucial mistake of ignoring their health while gaining success on the career front. All the accomplishments in one’s life are rendered useless if one doesn’t take care of his health. So, while you continue to work very hard which is a requisite, make sure to adopt healthy habits like exercising daily and eating right.

5. Adopt good financial habits

One easy way to supercharge your success is by adopting good financial habits. Working on small yet effective habits will help you achieve the bigger financial goal in future. Start saving early and it’ll be the best thing you do for your company. Also, get into the habit of investing in fool-proof schemes like bonds, shares or real estate.

6. Know your worth

Just trying to become successful will never be enough. Everyday spend some amount of time into identifying your goals, passions, likes etc and what you really want to do in life and why you wnat to do it. Once you know the accurate purpose of your existence, you can focus solely to towards achieving it. Otherwise, people tend to get caught in a maze of vagueness.

7. Surround yourself with successful people

Being in the company of successful and inspirational people can definitely encourage you become a better person in life. The people who enthral you are your idols and if you strive to become like them, identify their positives and work on yourself accordingly. Also, make sure are open-minded to accept their faults and discard them while working on yourself.

Image credit: www.entrepreneur.com