Notesale: Turn your study into money

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15 CHARACTERISTICS OF
SUCCESSFUL ENTREPRENEURS
AND HOW TO DEVELOP YOURS

Passion and Energy
When you think of the likes of Bill Gates, you tend to feel he is living a life
filled with long vacations and excessive free time
...

"Passion is what drives me forward
...
” – Aliko Dangote
In fact, they possess the capacity to work long hours with minimal sleep
...
This just reminds me of a quote from Warren Buffet, the world's
richest investor and founder of Berkshire Hathaway
...
Without energy, you have nothing
...
It's best to admit
them quickly and get on with improving your other innovations
...
They don't blame
their employees; instead they take charge, correct their business
mistakes and move on
...
" – Oprah Winfrey

Long Standing Commitment
"It's my job for Oracle, the number two software company in the world; to
become the number one software company in the world
...
" – Larry Ellison
This is a very vital character possessed by any successful entrepreneur you
come across
...
You can imagine Warren Buffet, who is in his 80's,
yet he is still committed to the growth of Berkshire Hathaway, which he
founded many years ago
...
I don't
have time for dying
...
" – Jenny Craig

Self belief
"You are nuts and you should be proud of it
...
" – Trip Hawkins
Successful entrepreneurs are known to display a high level of self
confidence
...
This is a major
character venture capitalist watch out for before financing any
business venture
...
" This is what
persistence stands for; the ability to press on in the face of hardship
...
When you think of
persistence; think of Henry Ford, founder of Ford motor Company
and Ray Kroc, founder of McDonalds
...
Nothing is
more common than unsuccessful men with talent
...
Persistence and determination alone are
omnipotent
...
” – Howard Hughes

All successful entrepreneurs share the characteristic of being goal
oriented
...
These
goals are high and challenging but realistic and attainable
...

"I think I am very goal oriented
...
I'd like Oracle to be the No 1 software company in the world
...
" – Larry Ellison

Ability to take Risk
"In today's rapidly changing world, the people who are not taking risk
are the risk takers
...
Successful entrepreneurs are risk takers; they put down their time,
energy and resources to make sure their business stand the test of time
...
Risk taking is essential to business growth
...
Paul
Getty

Intelligent use of Feedback
Feedback is one element that successful entrepreneurs don’t joke
with
...
Most
importantly, they make intelligent use of the feedback they receive
...

"Sometimes, I think my most important job as a CEO is to
listen for bad news
...
" – Bill Gates

Strong self imposed Standards
"It takes 20 years to build a reputation and only five Minutes to ruin it
...
" – Warren
Buffett
Successful entrepreneurs have laid down principles which they don't
compromise for any reason
...

"I am stingy and I'm proud of the reputation
...
" – Oprah Winfrey

Ability to work under pressure and
uncertainty
To be an entrepreneur, you must have the ability to work under
pressure and uncertainty
...

"You must not only learn to live with tension, you must seek it
out
...
" – J
...
To build a successful business, you need firm control
of your cash flow and all other business systems
...

"In order to be a player on the fast track, you will need to
have a plan on how to gain more and more control
...
" – Rich Dad

Intelligent use of Resources
Sometimes, entrepreneurs are faced with the challenge of
building a business with limited capital
...
It’s called building a business
on a "Shoe string budget"

Ability to Quickly learn from Failures
Punishing honest mistakes stifles creativity
...
" – Henry Ross
Perot
Successful entrepreneurs make lot of mistakes that sometimes lead to
business failures but they don't bow their head in defeat
...
They fail but they don't quit
...

"Failure is just a resting place
...
" – Henry Ford

Money as a Means of Keeping Score
"I don't make deals for the money
...
I do it to do it
...
Entrepreneurs use
the money acquired from their business as a landmark, a target and a
sign to move on to other business challenges
...

"Build wealth as a by product of your business success; If
wealth is your only objective in business, you will probably fail
...

Paul Getty

Delayed Gratification
"You know you are on the road to success if you would do your job
and not get paid for it
...
Most
individuals like the concept of getting rich quickly, invest today and
gain a 1000% ROI in a week and stuffs like that
...
Sometimes, they work
without pay, hoping for a greater reward in years to come
...
I buy on
assumption they could close the market the next day and not re-open
it for five years
...




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