Value Creation, Vision, and Other Marks of Successful Entrepreneurship
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.—George Bernard Shaw
Why are you reading another blog on entrepreneurship? Simply because entrepreneurship is a hit or miss business. If you don’t have what it takes, you cannot survive for long. This is one of the few jobs in the world where luck or knowing what to do hardly matters.
So without further ado, here is a list of successful entrepreneurship characteristics:
Your goal should be creating and adding value to the customer instead of survival. Yes, profits are the oxygen of the business, but your desire to make them should never overlap the pursuit of being innovative.
Vision is poles apart from planning about the future. A good manager may anticipate adverse economic conditions and work to reduce costs in order to maintain profitability, but a successful entrepreneur will think about how he can take the business to the next level.
Thinking of a killer concept and driving it home in the hands of the customer is a lengthy ordeal. Along with the ability to think beyond the obvious, a successful entrepreneur should stay focused on his goals. Everyone cannot be a jack of all trades, so stay focused on the project at hand.
A risk-taker is one who is confident with his ideas no matter what others think. Bad entrepreneurs play follow the leader, but successful ones have the courage to devote all their abilities and resources to make their vision a reality.
Finally, a successful entrepreneur has confidence in the abilities of those that work with him. He is a team worker and realizes that it is difficult to achieve great things single-handedly.
I hope these points will help you to change your perceptions on what defines a successful entrepreneur.
Who Am I?
I am Niki Singh, a successful Serial Entrepreneur and considered a leading expert in Value Creation and Entrepreneurship in the UK. I previously worked in the Entertainment industry (specifically the music business), different Online Ventures and the acquisitions industry, and I am now expanding my horizons moving into residential property.