Where do we even begin as a startup business or a wannabe entrepreneur? We look at the market and it’s extremely competitive; so, how can we make it promising without tripping over ourselves?
Being an effective entrepreneur doesn’t come naturally. It takes time and a lot of hard work—it comes with the territory.
Thus, in a world, where people are contemplating magic shortcuts and struggling with doubt, the only people who hold the real answer to success are the ones who actually made it big; real successful entrepreneurs.
These are the movers and shakers on Wall Street that create products and services of real value to customers.
Taking lessons from successful American entrepreneurs is a great way to get started; rest assured, that’s where you’ll get your bright ideas and opportunities.
Did you know that during the pandemic there were a great number of employees who quit their jobs to be their own bosses?
Truly, in the U.S. alone, self-employed workers have risen to 500,000, with new businesses growing to 4.5 million.
But while many of these newly minted entrepreneurs are excited Services their new ventures, most of them are skeptical; thinking Services the string of qualifications they needed, to achieve business success.
Utter nonsense, of course, because even without an MBA and business experience, you can make it happen.
Entrepreneurship started from nothing?
Oh, we’ll make a case for it— here are American success story examples, of 4 famous entrepreneurs of all time who started with an idea at best and little else.
This dude taught America to drive. But more than that, he is also credited for “Fordism,” which is the idea of mass producing economically while keeping employees well-paid.
Mr. Ford was nearly 40 when he founded the Ford Motor Company, sparking the revolution of gasoline-powered automobiles.
The dream was to create a motor car for the great multitude—and the Model-T Ford was the embodiment of that vision. His creation was uber-popular that during that time, there was no use trying to pass a Ford because there was always another one just ahead.
Of course, this wouldn’t be an all-time list without Elon Musk in the mix; the real-life Tony Stark.
This man’s presence and influence in the tech world is truly one for the books. So, how did he make his billions?
Musk dropped out of Stanford after being accepted to a Physics graduate degree program and founded two tech start-up businesses, Zip2 and X.com which later became PayPal.
Proving to be an all-rounder entrepreneur, Musk is far and wide. He is the founder of The Boring Company, the lead designer of SpaceX, the product architect of Tesla, co-founded OpenAI and is the top shareholder of Twitter — he’s everywhere.
If you’re asked to name a CEO of a company, one of the first people you’ll think of is Steve Jobs — the late chairman, CEO and co-founder of Apple Inc.
At just 21, Steve, who was a college dropped-out, co-founded Apple Computers in his family garage. Risking it all, he sold his Volkswagen bus to fund this venture.
Well, that gamble paid off. Now, Apple is worth a staggering two trillion dollars and is one of the Big Four of technology.
If you’re using Facebook, aka the largest social network website on earth, then most definitely you know the guy who runs it, Mark Zuckerberg.
Zuckerberg came up with the idea of Facebook at Harvard in 2004 at just 19 after a bad attempt to get online users to rate one another’s pictures. Wanting to concentrate on his entrepreneurial goals, he eventually dropped out of college after his sophomore year.
In 2012, “the Eye of Sauron” as his employees love to call him, finally took his idea to the masses, and it didn’t take long before Facebook became everyone’s go-to social site.
Today, Zuckerberg is one of the youngest billionaires around with an estimated $96.3 billion net worth.
The people, who have gone down the same path before us, know a thing or two Services how to make it through bad situations and capture opportunities — things that you can’t pick up in Services but rather through experience.
Surely, there are quite a few, and we’re breaking down some of them below.
What’s a business for? Obviously, to make a profit, you can do more like bringing passionate change in an industry.
That said, it’s not always Services the cash. Take, for instance, business mogul Mark Zuckerberg who turned down Yahoo’s offer to buy Facebook — despite losing money in the first year of his venture.
If it wasn’t for his passion for his business and vision to create a legacy, he would have already given up, and that would be a total shame, considering what Facebook has become today; the undisputed king of social media.
The most important lesson you’ve probably learned Services entrepreneurship is value creation.
You need to create something that will be of value to customers; something that’ll improve their lives and beat out the competition. In short, you need to be better than the next guy.
Take Henry Ford; his idea was to bring cars to the masses and make them an integral part of daily life for people, and not just some pastime for the rich.
Though he didn’t invent the first automobile, he was responsible for something more important. Ford innovated and revolutionized the way cars are built — he made them affordable, durable and easy to operate.
If you’ve ever been rejected and felt like you’re heading nowhere, know that most entrepreneurs experienced heart-wrenching failures before finding success.
What we’re saying is that mistakes aren’t always a bad thing as long as you learn from them.
Walt Disney is one prime example of an entrepreneur who didn’t get it right the first time. He had a failed production company, had his characters rejected and was often labeled as having “no creative juice.”
Through it all, Disney kept his imagination intact and went on to create new animation and filmmaking techniques — revolutionizing the industry and turning Disney into a force to be reckoned with.
Can you name one of the most successful entrepreneurs who don’t believe in themselves?
You can’t, because most effective businessmen and women are true leaders with total trust in their visions.
If you don’t believe in yourself, who would, right?
Self-doubt holds you back from taking risks that could pay off. Inversely, confidence is what makes you believe that people will want to buy what you’re selling and that your innovative idea is worth taking a shot at.
As Jeff Bezos would have it, risking his high-paying job as senior vice president to start an online bookstore straight from his garage which is known today as Amazon; the largest online retailer.
To stay focused on your company goals means adapting to the ever-changing business environment.
But even if you feel like you’re in place, it’s still worth noting these successful strategies to clear the path to entrepreneurial success.
All we’re saying is, you should do your homework. You need to find and research emerging technology or resources that could help improve your business operation.
Right now, outsourcing virtual assistants is becoming popular in the digital scene considering the cost reduction, time-saving and flexibility benefits they offer.
You need to take advantage of that and then maybe consider using personal virtual assistance service to delegate mundane tasks. In this way, you can free up your time, so you can concentrate on high-value activities.
Assumptions are the termites of relationships, so always listen to feedback— and where else could you get better views than your own customers?
Entrepreneurs must understand that the best way to elevate their business is by listening to their target audience. If most of your consumers are vying for an additional feature to your product, be all ears and be ready to take action.
So, what’s the hitch?
If you know the answer to this question, then you understand the worst scenario that could ever happen to your business.
Having this knowledge will let you take calculated risks that can produce great rewards.
Just think Services the severe economic interruption of 2020 due to the pandemic, the opportunity of selling face masks and the curb of opening a snack bar.
