I’ve been, and I’ve known a lot of, successful entrepreneurs. When thinking through why some made it and some didn’t, seven personal characteristics appeared to be consistent with success.
- Invest in Yourself. I’m not talking so much about money, but rather about time and energy and passion and commitment. If you invest in yourself, it means you believe in yourself, your mission, and your ability to plan and achieve your mission goals.
- Always Be Curious. Successful inventors think up cool stuff because they are constantly curious about how things work, why things work, and how they might find a way to do things better. Successful entrepreneurs are always looking for better ways to execute the mission.
- Run with Smart People. Whether you use people strategically—to get things done— or for inspiration—to stimulate your creative juices—it doesn’t advance your mission to surround yourself with unimaginative or non-stimulating people.
- Always Network for New Contacts. Insurance agents don’t get new clients by having lunch with other insurance agents. The same group of people, although they might be comfortable, will probably discuss the same positions and perspectives. You will generally learn something valuable from new people—smart people.
- Learn… Continue reading
I’m re-posting this because I got a lot of feedback. The majority agreed but some people wanted to modify my premise. One said maybe you should lower your expectations and “do what you like”. Do a job that’s “sort of satisfying”? I don’t think so–not my style. I believe everybody is good at, and has a passion for, something, and that something is the heart of what you love to do. Therefore, the key to finding something that you love to do is in finding what you really do well and have a passion for. Of course, if nobody will pay you for that endeavor, maybe you’ve just discovered a good hobby.
Anyway, here’s the original post:
“Do what you love and you won’t work a day” is inane bull-crap, IMHO. I love drinking beer, I truly do. But, no one will pay me for that. I love creating graphic art, which I think is pretty good, but it seems as though no one will pay me for that, either! Could I make a living out of playing with my kids? Doubtful. I’m passionate about writing songs, but since no one has bought anything I wrote,… Continue reading
Or, it is the other way around: They have great ideas and ask: “now what?” and “do I have what it takes?”
I wrote my book for the last group, but I find there are a lot of people in the first group, too. One thing is common to both, however: the word “idea”. The second group already came up with an idea and the first group needs to come up with an idea. So, what’s the process of coming up with “ideas”?
I don’t necessarily believe in the pure “light bulb going on” explanation. Great ideas come from somewhere. Like the first big bubble of a pot of water set to boil for spaghetti, getting a worthy idea doesn’t just happen; there’s a lot of planning (filling the pot, turning on the fire) and time. The water just sits there for a while, the potential for boiling just invisibly building up. There are a bunch of little bubbles, but barely noticeable, especially if… Continue reading
Can a Venture Capitalist Buy a Country?
One where it makes the laws and nothing its clients can do is illegal?
When an American private equity firm orchestrates a devastating war between two powerful drug cartels and a partnership with two others, a new nation is born.
But when the sinister purpose behind the primary investor is revealed, grave mistakes may destroy America.
Only two young FBI agents can stop it in time.