Starting your own business is certainly not an easy step. There are an incredible amount of factors and rules to take into consideration in order to succeed in this extremely competitive world nowadays. Some of the world’s most successful entrepreneurs started their empires with no money in their pockets and no experience in the field, but they did it and became legends anyway. Look at Steve Jobs or Bill Gates as examples.
If you are also planning on launching your own company, here are some tips that you should keep in mind if you want to become an outstanding entrepreneur. Don’t worry too much if some of the characteristics listed below are not part of your personality, because they can still be learned with practice, determination and effort.
1) Do what you love
2) Make well-structured plans
3) Invest your money wisely
4) Self-promote your business
5) Build an engaging brand image
6) Conduct lots of market research
7) Be ahead of competition
8) Create an excellent team of experts
9) Build a positive reputation
10) Be organised and punctual
11) Take care of your online presence
12) Create a clear, simple and fresh website
13) Build a solid professional network
14) Allow yourself to take breaks and relax
According to recent research, some of the world’s most successful entrepreneurs do not have a university qualification, while only 12% owns a business degree. This could come across as a surprising fact since common knowledge would make us assume that, in order to become a top notch entrepreneur, a background in finance, economics or marketing might be necessary. Several studies, in fact, demonstrate that usually those legendary entrepreneurs who completed a post-secondary education, have degrees in areas that have apparently nothing in common with business and entrepreneurship, such as art history, literature, medicine, law, while 22% of entrepreneurs interviewed stated to own a degree in engineering.
This proves that the key to success is not only education, but especially a mix of knowledge, practice, excellent leadership, great interpersonal skills, as wells strong understanding of numbers and investments.
More difficult is trying to understand what the secret behind leading entrepreneurs is and what makes them so unique and powerful. There are millions of clever and ambitious entrepreneurs around the globe and yet, only a small percentage of them has reached global fame, so what is the crucial element that allows smart entrepreneurs to shine? Is it luck, right connections or something else? The answer could be much simpler than we imagine: passion. Feeling love and passion for our business ideas and projects and being always ready to support and fight for them, no matter what, is the key to outstanding entrepreneurship.
If you are an entrepreneur and would like to share your experience, an advice, or simply ask a question, please let us know by emailing [email protected]
The OM Team