March 12, 2015
I read an interesting article that spoke to the 10 elements of an “entrepreneur”. The description was as if entrepreneurs were superman or superwoman. All of the 10 elements are not vital. Entrepreneurs can always acquire, outsource or partner. The article “10 Traits All Successful Entrepreneurs Share” is a little over reaching but has elements of truth. The 10 traits are:
1. Full of determination
2. Not afraid to take risks
3. High level of confidence
4. Craves learning
5. Understands failure is part of the game
6. Passionate about his or her business
7. Highly adaptable
8. Good understanding of money management
9. Expert at networking
10. Ability to sell and promote
In my entrepreneurial career as a Management Consultant I have been afforded to go into some great one man/woman shops, mid-size and big business around the world. I find that entrepreneurs and dreamers never give up but may need to retool.
It is not easy having a dream no one can see or understand. Entrepreneurs can see their idea active but not know how to activate. Entrepreneurs and dreamers are told, “I think the time is coming but not now”. They have to stand fast to an idea that maybe rewarded later or simply fail- wow consider the mental tenacity required! Entrepreneurs have an idea and the self-realization to fuel the dream to a goal that is not real at the time of its inception. So when I look at the 10 traits I remain pragmatic and optimistic. I have met successful entrepreneurs with varying degrees of the 10 traits and some who were not capable of networking, could not promote, nor manage money so they partnered with those who could.
Remember there is a Jobs to their Wozniak, Gates to Allen, Larry Page, Sergey Brin, Procter to a Gamble and more. Without these minds coming together their would not be these prolific c-change companies. Not all entrepreneurs are in partnerships but success can come from two brains. Entrepreneurs have a vision and take a risk to push out a new or similar idea and give birth. It is often that people rival at the successes but have not understanding of the journey. As I share with my mom, Procter & Gamble started with a cart.
Entrepreneurs and Dreamers do not give up, stand strong and determine your own road. Find what you need from among your resources and within your ecosystem. I suggest that great entrepreneurs look at the list above and determine their strengths and seek solutions for the challenges.
So my letter to entrepreneurs is as follows:
1. Dare to dream and go where others dare not.
2. Stay focused when all things do not come together as you expect.
3. Being smart is not always the thing that will open the door at the time.
4. Remember to bring others along in your dream as many may not conceive the vision you believe.
5. Stay committed to yourself and your vision.
Remember, being an entrepreneur is a lone and yet a team effort. The ability to find balance between the two states is vital to the journey in gaining the success desired.