In the last few years in particular entrepreneurship has been in fashion. This is largely due to the easier path in starting a company compared to before. Thanks to advances in technology and the internet, and the ability to take advantage of globalisation – subcontracting to countries around the world or entering foreign markets – starting your own business project has never been easier.
But that doesn’t mean that it is easy. Entrepreneurship is anything but simple. It is tough and requires certain capacities to succeed. Here are the three brilliant qualities of successful entrepreneurs.
- A unique vision
What do you foresee in your chosen sector that doesn’t already exist? What will your venture bring? How will it stand out? How will it make a difference?
It could be something entirely new. James Dyson is a UK inventor and entrepreneur who revolutionised the old vacuum cleaner sector with his unique business vision. A more obvious example is that of Steve Jobs. He had unique ideas and he persisted – even when he was fired from Apple – to eventually realise his vision.
You don’t have to be a genius inventor like Dyson or a tech wizard like Steve Jobs to become an ultra successful entrepreneur. Maybe you have an idea for an app or a tech company, or maybe you want to open a bakery. All businesses in all sectors and all entrepreneurs who want to rise above the rest need a unique vision.
- The ability to learn well and learn quickly
As an entrepreneur you must have an understanding of so many areas of your business and in many cases, of your clients’ sectors too. You don’t need to be an expert in everything of course, but if you have a good grasp on sales, marketing and finance, as well as other areas that apply to your business, you are better placed to become an ultra successful entrepreneur.
As your business develops and you seek to expand, you will inevitably need to learn new skills and acquire new knowledge. The best entrepreneurs know this and so are open to change – they expect and welcome it, which helps them to learn well and learn quickly.
- Planning when choosing service providers
This is an area that is not mentioned often in articles or books that provide advice for entrepreneurs, but it is quite simply essential to the performance of your business and to your success as an entrepreneur.
The ability to choose the service providers and strategic business partners – web developers, financial advisors, marketing specialists and other such consultants – is what will go a long way to drive business growth. People are undoubtedly the most important asset to your business.
The saying “Be slow to hire, quick to fire” is a good rule to work with. Rushing the hiring process is a sure strategy for failure, as is persisting with an unreliable service provider.
The ultra successful entrepreneur is a patient hirer and knows to be stern yet fair with employees and service providers alike. Make poor service provider hiring decisions and suffer the consequences.
The final word – brilliant qualities of successful entrepreneurs
Entrepreneurship is challenging yet very satisfying. If you possess these 3 qualities of successful entrepreneurs, with hard work along the way you may have what it takes to rise to the very top.
What do you think? Do you agree or disagree? Have anything to add? Leave a comment below!