An entrepreneur is a person who may have an idea, of either a product or service and have the required set of skill, the will and the courage to do what is necessary to turn this concept into reality. Self-made entrepreneurship is a careful feat that requires money, dedication and risk. It also requires many sleepless nights, hours of intense concentration and soliloquy. “The self made entrepreneurs” have faith and believe in their projects no matter how slow and discouraging things might seem at the beginning. However, if you are privileged to scale through these difficulties you will have the chance of becoming your own ‘boss’, work on your own terms and preferred time, and overall, have your dreams come true.
Entrepreneurship is a life-long process and we are well aware of how things change suddenly in the business world. Your innovation today might be obsolete tomorrow.”The Self-made entrepreneurs” keep studying and learning how to stay on course and adapt swiftly to the ever changing trend, their cup is never full; and they know they cannot answer all questions.
This is what separates Failure from success. Many people never started their own business because they are scared to take risks in either investing money or other resources. Self-confidence and intuition are key skills for entrepreneurial success. It is easy to become disheartened, frustrated and bitter if confidence is lacked. Confidence has to do with how a person feels about his capacity. A successful entrepreneur believes in his abilities. He is not afraid to explore areas of the un-chartered, to take calculated risks and take tough decisions. Self-Confidence, however, is not an automatic personal property. A person can have a lot of confidence in a particular situation and completely lack in another. Experience is a key factor that can help us boost our confidence.
Most successful self-made entrepreneurs consider common sense as one of the bases of their success. Common sense can be referred to as the ability to make good decisions on issues found in our everyday situations. Good judgment depends on the acquired knowledge mixed with experiences from past situations. The combination of these two give room for the development of common sense in a person.
It is easier to start a successful business if you have a deep knowledge in the field of business you decide to delve into. About half of all start-up are launched by the people who use the knowledge they obtained where they work and have the experience in that particular niche.
Creativity is the ability to use existing knowledge to achieve new solutions to old problems, do things differently or find a completely different approach to the usual method to work together.”The Self-made Entrepreneurs” need creative thinking ability in almost everything. This makes them see opportunity where others see problems. Successful entrepreneurs drive innovation and creativity even in the midst of adversity.
Successful self-made entrepreneurs are able to lead people and bring out the best in them. They use a combination of methods – Effective motivation, planning, training, and evaluation – to lead their people. It’s best to be a 360-degree leader who leads in all directions and is concerned about the welfare of other people which is the key to gain their loyalty.
Successful self-made entrepreneurs are always ready to take full responsibility of their actions. They know what they are today, and what they will be tomorrow, they depend only on themselves because it is the result of the decisions they made. They are proactive people who have set targets, walk the extra mile and rely mainly on their own resources and skills to achieve their aims.
There are successful self-made entrepreneurs like Stuart Ross and Jay who started off from nothing, but now worth millions of dollars.Their determination and faith in what they do has taken them to where the are now.Here’s a famous quotes; “The journey of a thousand miles starts with a step”. Don’t be scared to take that step, you might be surprised to discover abilities you never thought to possess.