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March 11, 2016

3 Qualities that are common to all successful entreprenuers

Do you think Steve Jobs, Mark Zuckerberg and Bill Gates were born with entrepreneurial DNA?

Absolutely not, they all worked hard and adopted habits that have made them the success they are today. While each of them has their unique journey, some traits are common to all the successful entrepreneurs.

While there is no perfect map to achieve entrepreneurial greatness, we can look up to the successful entrepreneurs and try to imitate their habits, common traits, and qualities.

Here are three such qualities that each of us entrepreneurs should seek to instill in ourselves –

1. Perseverance

J.K. Rowling, author of the Harry Potter books, is currently the second-richest female entertainer on the planet, behind Oprah. However, her journey was full of roadblocks and rejections; when Rowling wrote the first Harry Potter book in 1995, it was rejected by twelve different publishers. Even Bloomsbury, the publishing house that finally purchased Rowling’s manuscript, told the author to “get a day job.” And not rely on the success of her books.

To add to her misery, she was going through a divorce and living in a tiny flat with her daughter at that time. Rowling was surviving on government subsidies, and her mother had just passed away from multiple sclerosis. J.K. turned all these negatives into a positive by devoting most of her free time to the Harry Potter series. The result is a brand name currently worth nearly $15 billion.

Scezo Blog - J.k. Rowling perseverance

We do not need magic to transform our world. We carry all the power we need inside ourselves already.

J.K. Rowling understood the importance of perseverance and did not take the failures and roadblocks as a sign of failure and stop, and rather she kept pushing forward and persevering.

As entrepreneurs, we need to be able to deal with obstacles, because it’s all about not giving up and be the last man or women standing when everyone else has succumbed to their failures and obstacles. Your goal should always be to keep overcoming obstacles, growing sales and take your company to newer heights.


2. Risk-Taker

If you are one of the many users who use Dropbox to easily manage files on the cloud, you should be grateful to Dropbox founder Drew Houston for taking some big-time risks to see this company through to today.

Drew’s wasn’t a straightforward climb to the billionaire’s list, and there was an ultimate battle in 2011 with none other than Steve Jobs, who personally told him that he was coming to take over the market with his iCloud Service. But in spite of that, Drew believed in his product and execution and made that risk a worthwhile one.

Scezo Blog - Drew Houston risk taker

Don’t worry about failures, you only have to be right once.

What made Drew so much successful was the ability to withstand the fear of uncertainty and potential failure. So break out of your comfort zone and start doing things that you always thought of for your company, but were afraid of. The only way to overcome the fear of taking risks is through exposure. Taking risks is an essential part of being a successful entrepreneur.


3. Leadership

While standing in front of his shareholders for the first time, the 21-year-old scion of Wipro was challenged by another shareholder; perhaps you  should sell your shares and resign and  leave the business to more mature men.  But Azim did not back down.  He had the self-confidence and the vision to know he could take the company to great things. And within few years he gained the confidence of the people and with his leadership skills took the company to achieve greater heights.

Scezo Blog - Azim Premji Leadership

If people are not laughing at your goals, your goals are too small.

You will never hear a leader say “I don’t think this is possible, we can only try.” Leaders are the ones who have a vision and are able to achieve them through perfect execution.

Leadership means decisive and executing things which will lead to the betterment of our company.
Taking initiative, responsibility and ownership of problems are among the few things you can start doing now to work to develop your leadership skills.