We have all heard about the successful stories about some of the world's most famous entrepreneurs and how they dropped out of school etc, so what did they really have? And, what would it take?
Whether you are a 12 year old trying to make a name for yourself or someone who has been around the corporate world for some time, having a vision is something very important. If you ask any of the 'successful' entrepreneurs today about their business ventures, the majority will respond with the point that they all had a strong vision of what they wanted the business to become and where it was headed.
2. Motive for Action
You'll here me discussing individual motivation all the time, and when one feels motivated to do something, they naturally do it with even more energy and pressure on their actions.
Picture this: Usain Bolt trained every day for four years leading into the Rio Olympics, and when it came down to the last 2 weeks before it, he thinks 'I'm so tired of this [and] is there really a point to this?' This is where the motive for his actions come into play, as he wants to put 110% into his race, he has to motivate himself otherwise he psychologically won't be capable to do so. As entrepreneurs, we have to stay motivated, aligned with our vision which may mean materialised purchases or psychological drive.
3. No Time for BS
That's absolutely right, and if you can't see why this is important, chances are that you're in denial. We need to think ahead, and while you may be wanting to stay retrospective all the time, it will eventually lead itself to nonsense - getting in the way of your overall mission.
Eliminate the BS.
When people think about what they currently have, the human psyche will always look for an alternative. Whether that's a new car, new clothes, more suits etc; the instinct of resourcefulness is often substituted from alternative choices.
As entrepreneurs, we must first look at what we have, and see the possible avenues of how we can bring value, and use the assets to our full advantage.
In my own life, I started with a $200 camera that was an entry-level plastic camera body with a kit lens. There was no way that I could of photographed the best images in the world, however, I made sure that I took the best image possible, and my work was at prime whenever I used the equipment. After a couple of months I eventually upgraded due to the hard work and consistency of being resourceful with what I had, and using its complete value.
I constantly get asked about quick ways to make money and see high-profit investments. If you're looking for that, go into network marketing, sales or stocks, but do NOT start a business.
Here's why I say that: In all of the other occupations above, the return is quick profit, while in a business, entrepreneurs should be looking to go long-term and source a long-term personal initiative. Businesses in 2016 can't afford to be around for five minutes.
In a recent post I made it was clear that in this quarter alone, customer engagement and relationships with clients are the most important part of marketing. As entrepreneurs, we should be looking to accommodate this by staying around and building on our vision.
Not many people like to clean, but it has to get done. It's the same with your entrepreneurial journey and the people around you. If they're not supporting you and your vision, what's the point of having them around?
Having a supportive, consultative and respectable network is almost never the case at first, and over time it should start to appear (if you are on track). Make sure that you don't fail because you chose to remain in the wrong crowd when you could've taken the detour with the right people.
It is so important to focus on how you grow and build on your ideas, and if you aren't taking ownership and creating innovative ways, then you should be questioning your ability to remain capable of leading the vision upwards.
Another solution is that you hire another partner or innovative leader to assist you throughout your journey in your business.
When you're growing yourself and your own ideas alongside your entrepreneurial venture(s), you must ensure that you don't overstate your position on the environment around you.
There are endless amounts of threats to your business venture(s) and sometimes you simply can't beat them. This is where you need to be sourcing the answer elsewhere, whether that is geographically, psychologically or emotionally etc - alternatives are not always the worst option, and if chosen correctly; you may very well become better off.
Looking forward is important, and with the knowledge and lessons from the past will excel that forward-looking vision even further. Business owners must ensure that their businesses are retrospective, while still able to take risks for the business's development.
There is a difference between a calculated risk and stupidity, and entrepreneurial minds will see that the truth behind the pudding lies within the next step - which may still be unknown.
Listening is something that only few people understand the importance of, yet everyone is ready to compromise on it to shout out their own agenda. A study recently looked at one simple question:
"Do you know everything?"
Every single person answered, "no".
Although 100% of the interviewees came back with a no answer, it is quite interesting to see the expression when asked "knowing this answer, would you be more inclined to listen in the future?" We can all take away something new or unknown from others, and it is the value of listening which promotes an individual's ability to network with others, and achieve respect from others.