The above Pictorial gives us a lot reasons to start a Business and there are plenty more out there i.e
- Freedom of Control
- Financial freedom
- More time with family
- Better lifestyle
- Be my own boss
- New Idea / Concept
Anyone can become an entrepreneur .There is a difference between becoming an entrepreneur and Being an entrepreneur. There are certain set of qualities in an entrepreneur which are required of them to survive the ordeal of starting ,running and maintaining a Business venture.
7 Qualities which make up an entrepreneur profile our :-
“Try not to be a man of success, but rather try to become a man of value.” – Albert Einstein
The foremost important reason for any startup business has to be the WHY. If the fundamental reason for doing the business is just making more money one is bound to fail.
The reason has to have an EQ (emotional quotient) without which the need to do it, when the going gets tough ,will disappear and the failure is assured. The reason has to have a strong emotional connect that helps you stay on course in this journey which will test your Mental,physical and social abilities in all ways possible.
“We all talk to ourselves. A major key to success exists in what we say to ourselves, which helps to shape our attitude and mindset.”- Darren L. Johnson
The entrepreneur should be a Visionary and accustomed to delayed gratification.
Starting a business does not mean 1-2 yrs but at least a 5-10 yrs of hard work & 100 % commitment of mind ,body and soul. The mind has to prepared for the long haul and not for instant gratification like one is normally used to in a JOB………….. i.e like getting the salary on 1st of every month.
“Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.”-Thomas Jefferson
The attitude is one of the prime factors for the success of an entrepreneur and it has to be positive at all times .
Whatever the circumstances , and there will be more negative than positives ones, one has to remain positive with the mind focused only on the end goal to overcome the failures and defeats and turn the lessons learned from them into tools of success.
4. Persistence:- The entrepreneur has to persistent in their approach to the business .
“The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those which fail. -Napoleon Hill .”
persistence helps to keep the entrepreneurial journey on the right path and the goal in sight thus exponentially increasing the chance of success.
“It’s hard to tell with these Internet startups if they’re really interested in building companies or if they’re just interested in the money. I can tell you, though: If they don’t really want to build a company, they won’t luck into it. That’s because it’s so hard that if you don’t have a passion, you’ll give up.”
Passion is the fuel of the entrepreneur and without it success can’t be achieved . passion is the sum total of all the belief one has in their venture and drives the entrepreneur forward with high energy.
6.SBQ:- Social Benefactor Quotient .
“While it may be true that the best advertising is word-of-mouth, never lose sight of the fact it also can be the worst advertising.”
Jef I. Richards
In today’s world where social networking like facebook and twitter play a major role in a billion lives. The product or service your business provides, unless and until, it does not have a social impact on the person buying it, it will not have a long shelf life.
Your product or service should make a difference in the life of your customer and make them refer it to their circle of influence . It should help the consumer in enhancing their as well as the lives of people around them.
“Belief in oneself is one of the most important bricks in building any successful venture.” -Lydia M. Child
The belief in oneself has to unconditional and 100 % . it the greatest investment one can make in themselves when embarking on a entrepreneurial journey.