This is a competitive world, surviving here is tough. But some well-known entrepreneur turns business personalities not only survive but are standing at the top. Their thinking is way different than us, that’s why they are ruling the business world.
All the New business starters or young entrepreneur can learn a lot of valuable lessons from them. And learning their habits is definitely going to be helpful to achieve success.
Start Planning & Then Doing – “Doing without planning creates confusion, planning without doing is dreaming” Anonymous
Mukesh Ambani’s plan for a new 4g networking became the most profitable provider of telephony, broadband and digital services. Planning something before doing can make your work easy. Planning a step by step situation and actions according to them will make you positive about your work. Aimless activities will only slow your work and you will most probably fail. The risk and insecurities are minimized, plus you will have full control of the situation if you plan ahead.
Be Optimistic –“Positive emotions help speed recovery from negative emotions,” Barbara Fredrickson
Bill Gates was only 20 years old when he founded Microsoft, what do you think got him there? He is a genius with optimism. When everyone else was busy to have their daily life crisis, Gates was busy creating a global brand. This is the first habit that all the successful people have in common. If you are not positive about your idea, then you are not doing it right. It is important to have faith in the business idea you are planning to make big. For many of us, mainly the one who is taking a risk, negative thought register more strongly than the positive ones. So it is important to keep your mind busy with the positive affirmation. This is how you are practising your brain with optimism. Just focus on the positive part of your planning and you are good to go.
Have Vision statement – “Vision is the art of seeing what is invisible to others.” Jonathan Swift
A vision is a clear image in your mind of what your business can be in the future. Setting a vision is going to help you motivate to work harder to achieve it. And a vision statement, capture in writing, is the essence of where you want to take your idea in far future. Just make sure you have written the statement according to your business like what kind of business it is, what kind of people you are targeting and how much progress per month or time is required to get there. But only writing them isn’t going to help if you forget about it, as your business grows, revisit it and make some changes in them by setting higher goals to be motivated.
The Value of Integrity – “Integrity means that you are the same in public as you are in private.” Joyce Meyer
Honesty and trustworthiness go a long way in life as well as in business too. The more upfront you are with your customers the more you will be able to earn their trust. Many famous entrepreneurs are willing to go a long way to help their customers in need. All business relationship is built on trust, not only with customers but also with your fellow companies too. Not to forget being honest will be the best thing for your company’s reputation too. People will want to get connected with you. That will raise your company’s general standards too, for which all companies work hard. So, being kind to one another does pay you off.
Not all of us can think alike, most of us are more negative thinkers other are positive but an entrepreneur is totally different. They obviously think positive but it is also out of our mind’s reach that is why they have no problem in achieving their goals. Mark Zuckerberg is definitely one of them, he not only has the vision of connecting the world but he did it differently than others, that is why Facebook has over 2 billion users worldwide in 13 years. A business which is unique and can offer something different is going to stand out than others. And to do that many companies pay thousands of dollars for advertisement, marketing, customer surveys etc.
Steve Jobs changed the hardware three times before finalizing the main design, he used to put everything in an idea with a feeling of the idea can be rejected. When you are planning to build your own business taking risk is not an option, it is mandatory. Without having the courage of risk-taking you won’t be able to make this decision in the first place. Taking a risk is one of those things that make you a leader instead of a follower. If you don’t take a brave step forward you won’t be able to succeed and even if you fail along the way you will learn. Jamsetji Nusserwanji Tata, the first industrialist, who founded what would later become the Tata Group of companies in India. Tata is regarded as the legendary “Father of Indian Industry”. Tata took a risk and that pay him off. Always remember, taking risk and business goes hand in hand. But successful entrepreneurs know the difference between a safe bet and a bad decision.
Learn More to Achieve More – “A man who asks is a fool for five minutes. A man who never asks is a fool for life.” Chinese Proverb
This is one skill that every entrepreneur can learn from Elon Musk. Musk never stopped learning and that made him the owner of four multi-billion companies. And that too from different fields, software, energy, transportation, and aerospace. The business world is never stable and always changing. And the pace of changing is quickening with the new technology, AI, machine learning etc. A great business person, whom I know, takes off 1 hour from his day every day to catch up on the latest happening in the world. Just to make sure that he doesn’t miss anything. You can learn from various sources, the internet is one of the biggest platforms to learn almost about anything. Entrepreneurs always try to learn from their competitors, their mistakes and achievement are what educate them what to do next. So, don’t underestimate the power of learning.