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Secrets Of Successful Self-Employed

Category: Enterpreneurship


Running a one-person business is a creative, flexible and challenging way to
become your own boss and chart your own future. It is about creating a life, as
it is about making a living. It takes courage, determination and foresight to
decide to become an entrepreneur. From the relatively safe cocoon of the
corporate world, where paychecks arrive regularly, you will be venturing into
the unchartered territories of business.

Is there a way to determine whether you can be a successful entrepreneur, or
you are better off to work for somebody else? Alas, there is no formula for
success. However, most successful entrepreneurs share these ten
characteristics. Check if you possess any one of them:

1. Think success: To attain the kind of success that you want, you need to
dream big. Every success story starts with big dreams. You need to have big
dreams for yourself - which you want to be somebody rich, famous or fulfilled.
You need to have a clear vision of what you want to achieve. But it doesn't
stop in dreaming alone. You should actively visualize success in your mind that
you can almost feel it, touch it or it is within your reach. Play this image
back at every opportunity. What does it feel to triple your current income? How
will your life change? What will your business look like if you achieved the
million-dollar mark?

Successful entrepreneurs possess an attitude of openness and faith that you
can have what you want if you can simply envision it as the first step on the
path of action to acquiring it. Management gurus have taught us the power of
visualization - seeing yourself in your mind as having accomplished your
dreams. If you want to be a successful writer, envision yourself signing books
for a throng of people who have lined up to have your autograph. If you want to
be rich, picture yourself in luxurious surroundings holding a fat bank account.
And the process of envisioning success for you should be a constant activity! You
need to think that you are successful (or will be one) every single waking

A personal development coach shared me her secret to help her continuously
visualize her goals for the moment: when climbing stairs, recite your goal with
every step you take. So if you want more money, say "I will have
money" in every step of the stairs. This technique will reinforce your
goal and keep it fresh in your consciousness.

2. Be passionate with what you do: You start a business to change any or all
part of your life. To attain this change, you need to develop or uncover an
intense, personal passion to change the way things are and to live life to the
fullest. Success comes easily if you love what you do. Why? Because we are more
relentless in our pursuit of goals about things that we love. If you hate your
job right now, do you think you will ever be successful at it? Not in a million
years! You may plod along, even become competent at the tasks, but you will
never be a great success at it. You will achieve peak performance and do what
you have to do to succeed only if you are doing something that interests you or
something that you care about.

Entrepreneurs who succeed do not mind the fact that they are putting in 15
or 18 hours a day to their business because they absolutely love what they do.
Success in business is all about patience and hard work, which can only be
attained if you are passionate and crazy with your tasks and activities.

3. Focus on your strengths: Let's face it; you cannot be everything to
everybody. Each of us has our own strengths and weaknesses. To be effective,
you need to identify your strengths and concentrate on it. You will become more
successful if you are able to channel your efforts to areas that you do best.
In business, for example, if you know you have good marketing instincts, then
harness this strength and make full use of it. Seek help or assistance in areas
that you may be poor at, such as accounting or bookkeeping. To transform your
weakness to strength, consider taking hands-on learning or formal training.

4. Never consider the possibility of failure: As an entrepreneur, you need
to fully believe in your goals, and that you can do it. Think that what you are
doing will contribute to the betterment of your environment and your personal
self. You should have a strong faith in your idea, your capabilities and
yourself. You must believe beyond a shadow of a doubt that you have the ability
to recognize and fulfill them. The more you can develop faith in your ability
to achieve your goals, the more rapidly you can attain it. However, your
confidence should be balanced with calculated risks that you need to take to
achieve greater rewards. Successful entrepreneurs are those who analyze and
minimize risk in the pursuit of profit. As they always say, "no guts, no

5. Plan accordingly: You have a vision, and you have enough faith in
yourself to believe that you can achieve your vision. But do you know how to
get to your vision? To achieve your vision, you need to have concrete goals
that will provide the stepping-stone towards your ultimate vision. Put your
goals in writing; not doing so just makes them as intangible fantasies. You
need to plan each day in such a way that your every action contributes to the
attainment of your vision. Intense goal orientation is the characteristic of
every successful entrepreneur. They have a vision, and they know how to get
there. Your ability to set goals and make plans for your accomplishment is the
skill required to succeed. Plan, plan and plan - because without which failure
is guaranteed.

6. Work hard! Every successful entrepreneur works hard, hard and hard: No
one achieves success just by sitting and staring at the wall every single day. You
work eight hours per day for survival; everything over eight hours per day is
for success. Ask any successful businessperson and they will tell you
immediately that they had to work more than 60 hours per week at the start of
their businesses. Be prepared to say goodbye to after-office drinks every day,
or a regular weekend get-away trip. If you are in a start-up phase, you will
have to breathe, eat and drink your business until it can stand on its own.
Working hard will be easy if you have a vision, clear goals, and are passionate
with what you do.

7. Constantly Look for Ways to Network: In business, you are judged by the
company you keep - from your management team, board of directors, and strategic
partners. Businesses always need assistance, more so small businesses. Maybe
the lady you met in a trade association meeting can help you secure funding, or
the gentleman at a conference can provide you with management advise. It is
important to form alliances with people who can help you, and whom you can help
in return. To succeed in business, you need to possess good networking skills
and always be alert to opportunities to expand your contacts.

8. Willingness to Learn: You do not need to be a MBA degree holder or PhD
graduate to succeed in your own business. In fact, there are a lot of
entrepreneurs who did not even finish secondary education. Studies show that
most self-made millionaires have average intelligence. Nonetheless, these
people reached their full potentials achieved their financial and personal
goals in business because they are willing to learn. To succeed, you must be
willing to ask questions, remain curious, interested and open to new knowledge.
This willingness to learn becomes more crucial given the rapid changes in
technologies and ways of doing business.

9. Persevere and have faith: No one said that the road to success is easy.
Despite your good intentions and hard work, sometimes you will fail. Some
successful entrepreneurs suffered setbacks and resounding defeats, even
bankruptcy, yet managed to quickly stand up to make it big in their fields.
Your courage to persist in the face of adversity and ability to bounce back
after a temporary disappointment will assure your success. You must learn to
pick yourself up and start all over again. Your persistence is the measure of
the belief in yourself. Remember, if you persevere, nothing can stop you.

10. Discipline yourself: Do what you should do, when you should do it,
whether you like it or not. Self-discipline is the key to success. The strength
of will to force yourself to pay the price of success - doing what others don't
like to do, going the extra mile, fighting and winning the lonely battle with