There is too much to take in this world that it can overwhelm you at times. Back then, everything was simpler and people can go on with their lives without constantly checking on what a friend, former co-worker, or a distant acquaintance is doing in the absence of social media. But today, competition is tough with a population that is exploding and everyone trying to make a living.
If you want to get ahead in life, the best route is to establish your own business. You can start small and expand as you go. Unfortunately, not all businesses become successful or even profitable. Others can drive their owners to bankruptcy and even insanity. Now, the question lingers, are successful entrepreneurs born or made? Do you just get lucky or do you work hard to start a business empire? Others are torn about this issue and it has been a topic of debates for a while now.
Everyone loves a good success story. It’s the American dream, working your way up from nothing, armed only with your wits and a strong work ethic.
And for those who make it, it feels great to think you got there all on your own. I should know: I’m a millionaire, the first in my family, one of those tech entrepreneurs who built a software business and sold it for a fortune.
I didn’t inherit my wealth. I created it.
We all love hearing rags to riches stories. However, it is often rare considering that billions now live on the planet. There is more opportunity but more people compete in selling things or services but it is not always as easy as it seems.
Your success as an entrepreneur is ultimately limited by you, in many cases. The Greeks called it hubris, today we might call it ego or conceit.
Are you taking the steps to acknowledge what you actually need to be doing to grow your own company or are you stuck being the “expert” who knows how to do it already?
One of the first steps in a successful journey of entrepreneurship has to be to understand who you are. Strengths, weaknesses, skills and abilities, and then to acknowledge that ultimately, every one of them will need to be replaced by others if your business is truly going to succeed.
Steve Jobs didn’t build the products that Apple designed.
Ray Kroc didn’t flip his own hamburgers.
So no matter how new your company is, you have to have plans to replace you – the bad as well as the good – if your business is ever going to be truly successful.
True understanding of how much of “you” there is to go around is one of the keys to building your company into an enterprise.
Do you truly love doing the actual job or would you rather manage the business? Can you effectively plot the growth of your company?
You can tell for yourself if you have what it takes to start and grow a business. Many times entrepreneurs start young by selling stuff to family and friends. The passion to sell is there. And as you grow up and have access to more resources, you entertain the idea of starting your own business. In that case, people are born with entrepreneurial skills.
Are good entrepreneurs born or can they be made?
I believe some people have the appetite and drive to be successful entrepreneurs from a very young age – even at school they see and seize the opportunities. But others come to it by chance or through adversity, and bring different entrepreneurial competencies.
What are the qualities of a good founder?
Tenacity, resilience and a compelling vision, with the communication skills to make that contagious.
What does a successful entrepreneur need to do every day?
Juggle so many balls in the air at the one time, while retaining a strategic focus on what is really important.
While you must have an interest in doing business at a young age, this interest should be coupled by honing your knowledge and skills over time, otherwise, you’ll get rusty and it won’t serve its purpose well. Delving into the business world means getting out of your comfort zone and having to deal with all sorts of people and different types of circumstances and championing all these challenges takes time and experience. So in that sense, successful entrepreneurs are made.
Entrepreneurs don’t always hit it big on their first try. It takes a series of tries before you can get your groove and for people to recognize your brand. It may be a hit or miss at first but you got to keep on trying until you reach the top.