There is a myth that entrepreneurs have special traits that distinguish them from other people or they have some sort of secret method to success. No entrepreneur, including Richard Branson, has a secret formula. Entrepreneurship is not easy. But, it can be learned and should be taught to everyone.
Based on a research of 500 entrepreneurs, they found four areas of similarities among the majority of successful entrepreneurs: personal mastery, business mastery, entrepreneurship mastery and leadership mastery.
The key to personal mastery is self awareness. The best entrepreneurs know what their strengths are and they leverage on them. In addition to knowing oneself, the best entrepreneurs learn from an early age how to create, communicate, influence, and develop their personal effectiveness.
Business mastery is the ability to think strategically, understand industries, new trends and changes and innovate in new spaces. Business mastery is about developing “a vision of extraordinary possibility.
Entrepreneurship mastery is the technical skills needed, including the day-to-day mechanics of running a business, producing products, delivering services, making money and managing people.
The final key is leadership. And at the heart of leadership is decision making. Entrepreneurs must learn to make good decisions quickly. Entrepreneurs bounce back quickly and learn from bad decisions made. The main reason for most failed start-ups is leadership failure.
Likewise, many start-up leaders fail due to lack of leadership to engage, encourage and develop their employees.
To master these four areas requires learning and practice which many new entrepreneurs don’t invest in. Nearly 95% of all entrepreneurial efforts fail. If we closely study these failures, it is usually a lack of mastery in one or all of these areas.
Every great entrepreneur was once an amateur. There is an old saying that goes, “there are three kinds of people in the world: those who make things happen, those who watch things happen and those who don’t even know anything is happening.”
It’s never too late to learn and become a person who makes things happen in this world. Yes, you can dream.
Source: Now everyone can dream by Roshan Thiran
Based on a research of 500 entrepreneurs, they found four areas of similarities among the majority of successful entrepreneurs: personal mastery, business mastery, entrepreneurship mastery and leadership mastery.The key to personal mastery is self awareness. The best entrepreneurs know what their strengths are and they leverage on them. In addition to knowing oneself, the best entrepreneurs learn from an early age how to create, communicate, influence, and develop their personal effectiveness.
Business mastery is the ability to think strategically, understand industries, new trends and changes and innovate in new spaces. Business mastery is about developing “a vision of extraordinary possibility.
Entrepreneurship mastery is the technical skills needed, including the day-to-day mechanics of running a business, producing products, delivering services, making money and managing people.
The final key is leadership. And at the heart of leadership is decision making. Entrepreneurs must learn to make good decisions quickly. Entrepreneurs bounce back quickly and learn from bad decisions made. The main reason for most failed start-ups is leadership failure.
Likewise, many start-up leaders fail due to lack of leadership to engage, encourage and develop their employees.
To master these four areas requires learning and practice which many new entrepreneurs don’t invest in. Nearly 95% of all entrepreneurial efforts fail. If we closely study these failures, it is usually a lack of mastery in one or all of these areas.
Every great entrepreneur was once an amateur. There is an old saying that goes, “there are three kinds of people in the world: those who make things happen, those who watch things happen and those who don’t even know anything is happening.”
It’s never too late to learn and become a person who makes things happen in this world. Yes, you can dream.
Source: Now everyone can dream by Roshan Thiran
No comments:
Post a Comment