How to become a successful entrepreneur in any industry

Key quotes:

• "Other than some few traits that many successful entrepreneurs share, being a self-starter can make you very desirable both in your business and also in the industry."
• "People like this are always researching and reading things to find strategies in how they can make their business better."
• "These people are those who ensure that they come to the office during their off days, if needed, just to ensure that the outcomes meet their expectations."
• "For those entrepreneurs that are successful or are following others who have been successful, understand that each situation and event is a business opportunity."
• "There are new ideas that continually come out regarding new potential businesses, people skills, efficiency, and workflows."
• "They are normally confident enough that their knowledge and their know-how will help them make their business idea a success."

Key quotes:

• "By sifting through recent articles, guides, top ten lists, and infographics written by experts around the web, we’ve distilled the Top 3 pieces of advice that entrepreneurs need to know on a key topic."
• "According to experts around the web, the most common trait that all successful entrepreneurs share is the ability to be resilient in the face of any obstacles that may come up during their startup journey."
• "As Joe Robinson writes in his Entrepreneur article, The 7 Traits of Successful Entrepreneurs, “Starting a business is an ultramarathon."
• "Wager echoes this sentiment on his similarly titled Forbes article, The 7 Traits of Incredibly Successful Entrepreneurs."
• "All of the resilience and confidence in the world would be wasted if an entrepreneur was not constantly putting them to good use."
• "To this effect, all entrepreneurs must be very innovative and creative people who are perpetually looking at new methods, strategies, and ideas to achieve success."

Key quotes:

• "“This quality is what helps me to laser in on one goal and not stop working until it is mine.” He acknowledges that this quality can potentially require tempering in other areas of one’s life; after all, a single-mindedness when it comes to business focus can sometimes result in your personal life taking a hit."
• "“If a new avenue opens up for marketing my business, I study how the experts achieve it and model my own strategies based on best practices.” Munoz adds that continually opening yourself up to learning is not only a valuable skill to have, but one that will enable you to stay on top of your industry and remain successful."
• "“It enabled me to get two degrees in the time others take to get one, and it has helped me move up the career ladder.” See Also: 8 Reasons Why Entrepreneurs Started Their Own Businesses “Undoubtedly the single most important characteristic I have benefited from in my role as an entrepreneur has been the ability to see through a decade of rejection, hard work, and sacrifice — never getting ahead of myself or giving up,” says Diego Orjuela of Cables & Sensors, LLC."
• "“Identifying these issues and proactively working to mend them has helped me succeed in my business and personal life.” What do you think the secret to entrepreneurial success is?."

Transcript: Small business owners are expected to be creative and inventive otherwise how could they run their own form if you have a sneaky feeling that creativity is not one of your strong points what can you do to stimulate your brain and get it kick - started the first step is be unlimited too many people are limited thinkers they have their world placed squarely in a box and nothing can exist outside of that if the newspaper reports are something that it must be right as a small business owner you cannot effort to be a limited thinker and you have to be an unlimited thinker get into the habit of saying no boundaries beside that there are no tables how to believe that we have built our focus you can find a creative solution to all of your problems this is the foundation for our to the yet you thought processor step number two is be future focused on creative ideas invariably come when you look into the future the feeling of propelling yourself forward and seeing the problem solved is a great motivator do you think you could achieve the same result if you were backward and... See more →

Transcript: It's all about how hard you're working there's no money for people who aren't well in the hustle hey guys I'm back with Steve cook and we got a little bit different topic I want to talk about both of us are entrepreneurs in the fitness industry I know a lot of my followers and I see a lot of people starting up youtubes and trying to be online coaches this sort of thing a lot of my followers I think especially are into fitness entrepreneurship are interested in that sort of thing building a brand and so I kind of want to ask you like what led you to that place like how did you get involved with it was it like purpose for did it kind of like for me I know kinda have my accident yeah for me I for me I would say it's kind of happen by accident as well yeah you know I was told for the longest time and really I'll be honest social media out there well you know there's there's a lot of times I just want to throw my phone across the room because social media can be super frustrating... See more →

Key quotes:

• "If you think you are ready to start up, follow the guideline below to begin your journey."
• "Pursuing entrepreneurship is not only a career choice, but a lifestyle choice, so be sure you are doing it for the right reasons."
• "Good Reasons to Become an Entrepreneur Ask Yourself: - Now is the the time to decide if you’re ready to change your lifestyle in order to accomplish your career goals."
• "Once you have listed what you’re good at, examine the things in life that interest and excite you."
• "During the formative stages of building a company, it is important to have as many ideas as possible from which to derive inspiration."
• "Nobody is going to steal your idea, so the best thing you can do at this stage is get as much feedback from as many people as possible to help you evaluate, iterate, and improve your idea."

Key quotes:

• "I personally know only one academic book about entrepreneurship: Exploring Entrepreneurship: Practices and Perspectives by Blundel and Lockett which represents an effort by its authors who are researchers at the university of Oxford, to understand the process and the drivers of successful new venture creation and traits of successful entrepreneurs."
• "But all successful businesses share similar characteristics: they deliver value to a group of customers in a profitable way."
• "The idea of business model is shared by many successful entrepreneurs and authors."
• "Blundel and Lockett have summarised their findings about successful business models in what they call the “Opportunity Business Model”: Opportunity arises from creative ideas, problems that the entrepreneurs have faced, existing networks and resources."
• "The goal is to build a successful business model, which has 5 dimensions: Proposition, People, Place, Process, Profit."
• "Peter Thiel thinks that in order to succeed a startup needs to achieve monopoly and it can do that through the development of new innovative technology."

Transcript: We are ready to go when you are exclamation hello people are we good to be here awesome so we're gonna we're gonna dive right in because I know that you have some good stuff that you want to share with everybody so why don't we just start for those who don't know group a dresses why don't you just tell us a little bit about who you are and how and how you got here sure sure so I always like to start that off by saying I'm the immigrant edge and I'm the American dream and what I mean by that is when I was six years old my father decided that we're going to escape communist Russia and we came to the United States so we were broke didn't speak English didn't know way our way around this country all he knew that he didn't want to be a communist anymore he didn't want his kids to grow up in oppression and so he brought us to a country that he had heard was all about freedom and opportunity sure enough of course it was and he instilled that in us and so after learning the language... See more →

Transcript: Most coaches don't have a problem with ambition or motivation, they don't lack passion or creativity, but still most coaches get stuck when it comes to starting a successful coaching business. If this feels familiar, you're at the right place. Hi, this is Ajit Nawalkha and today we're talking about how to start a successful coaching business. There are four key elements that you need to consistently work on to build a sustainable practice, and I say consistently because market will change, the industry will change, your clients' needs will change, and till the time you're working consistently on these four elements, you will stay on top of your game. The first element is coach, coach, and then coach some more. If you're anything like me, you know that coaching is more than a job, it's more than a profession. It's a way of life. That's what makes successful coaches, successful. They're coaching all the time. They're coaching their clients, they are even coaching friends and family, sometimes they're even coaching absolutely for free! Say whaaaaat? Don't get me wrong. I'm not saying coach for free all the time, but you do need practice, and practice can only be done... See more →

Transcript: Most would be entrepreneurs think that they have the next great idea for an innovative new product but unfortunately in great ideas are a dime a dozen while only a handful inventors who will succeed what sets the successful entrepreneur and his invention apart from the rest beyond external factors like the network of contacts financial situation or luck in arriving at the right place at the right time some individual characteristics will help make or break an entrepreneur much prior research has focused on dispositional factors or personality traits which tend to give certain individuals and advantage the ideal entrepreneur might be described as a risk-taker a planner or a problem solver but most of all someone who's not afraid to try again and again when faced with failure in popular culture we tend to place a lot of importance on these factors and idealize the success stories consequently we tend to underestimate the importance of the non dispositional factors in other words the skills and experiences that professionals gain before taking the leap to start a new business my court and I look at the link between what researchers call human capital and entrepreneurial success human capital includes... See more →