Have actually you ever looked at the successful business owners and entrepreneurs and wondered, “What do they Have actually that I don’t have?”
Let me clue you in…
Contrary to popular belief, that special something isn’t a trust fund or other financial windfall. There are plenty of people who went from dead broke to very wealthy by building their own businesses (sometimes on a shoestring budget).
That special something also isn’t a contact list full of helpful people. Most business owners eventually get help from others in their niche, but they didn’t arrive on the scene with a list of joint venture partners.
So what is it that separates the successful business owners from those who’re still sitting in their cubicles and dreaming?
It’s this: mindset.
Here we’re not talking about one factor. Rather, we’re talking about a set of characteristics that successful people possess.
Do you posses these characteristics too? Do you Have actually the right mindset?
That’s exactly what you’re about to find out inside this report, where you’ll discover ten of the most critical traits and characters you’ll want to develop if you’re looking to succeed in business. Take a look…
Trait 1: Entrepreneurs Take Risks
There is no guarantee in business. You’ve probably heard the stats of how somewhere around 95% of businesses fail in the first five years. Perhaps you even remember the Dot Com boom and bust around the turn of the century, where plenty of tech businesses folded and went under.
Sometimes even a “sure thing” can go off the rails. For example, when was the last time you logged into your MySpace.com account? Do you even Have actually a MySpace account?
Or when was the last time you used the Alta Vista search engine? (Hint: Alta Vista redirects to Yahoo! now, but you probably haven’t used that search engine all that much either.)
The point is, businesses like MySpace used to be huge. No one believed they’d disappear. But a competitor came along and pretty much wiped out the majority of their market share. It happens.
So here’s the question: would certainly certainly you be able to start a business, despite the fact that doing so is a risk? It could mean spending months or years of your life working on something that doesn’t pan out. You could invest a lot of money that you may never get back.
Successful entrepreneurs do to these sorts of chances. They’re risk takers.
However, here’s the key…
They’re not taking silly risks, like putting one’s life savings on a spin of the roulette wheel in Vegas. Instead, smart entrepreneurs take calculated risks. That means they do research and collect as much information as possible before they make major decisions.
For example, it’s always a risk to invest the time and money to create a brand-brand-new product in your niche. It might be a raging triumph and become your #1 bestseller. Or it could flop so badly that you kick yourself for wasting so much time.
However, you can mitigate the risk by doing your market research first. That way, you know if people are already buying similar products. If they are, then you can create the product. If the product flops, it may just be a question of tweaking the sales letter, the unique selling position or even the sales process.
Is it still a risk? You bet. But now it’s a calculated risk, meaning you Have actually a better chance of success. Nonetheless, if taking on that sort of calculated risk gives you heart palpitations, you might reconsider whether this whole self-employed thing is for you.
Next up…Entrepreneurs Push Through Fear
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