What it makes to succeed in a
business? You can be brave enough and take the risk. Well, that’s good, but being
brave to take the risk is not enough to succeed. A good idea is enough? Good
starting capital? What is enough to improve your chances to success?
I found an article that describes
25 musts of a successful entrepreneur. And 25 is not the ultimate number. The
article says, that there are many more characteristics. Here are those 25 musts:
1.
Do what you enjoy.
2.
Take what you do seriously.
3. Plan everything.
3. Plan everything.
4.
Manage money wisely.
1. The money you receive from clients in exchange for your
goods and services you provide (income)
2. The money you spend on inventory, supplies, wages and
other items required to keep your business operating. (expenses)
5. Ask for the sale.
6.
Remember it's all about the customer.
7.
Become a shameless self-promoter (without becoming obnoxious).
8.
Project a positive business image.
9.
Get to know your customers.
10.
Level the playing field with technology.
11.
Build a top-notch business team.
12. Become known as an expert.
13. Create a competitive advantage.
12. Become known as an expert.
13. Create a competitive advantage.
14.
Invest in yourself.
15.
Be accessible.
16.
Build a rock-solid reputation.
17. Sell benefits.
17. Sell benefits.
18.
Get involved.
19.
Grab attention.
20. Master the art of negotiations.
20. Master the art of negotiations.
21.
Design Your workspace for success.
22.
Get and stay organized.
23.
Take time off.
24.
Limit the number of hats you wear.
25.
Follow-up constantly.
In the light of the ten strengths and
weaknesses that we wrote in class before, this list gives more or less complete
preview into “Do I really want to start up a company?” One thing is for sure differentiates a true
successful entrepreneur – care for customers (#9 in this list). Isn’t this the reason #1 why apple is so
successful? I believe so.
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