Saturday, May 11, 2013

TOP 10 Powerful Secrets of Successful Entrepreneurs



Think and behave like an Entrepreneur. Your attitude will determine your altitude.
Developing this mindset will make you and your business a great one. Below are the top ten secrets of Successful Entrepreneurs:
1.Vision
 Business starts with a VISION. All true business leaders are visionary. A successful entrepreneur must be a great dreamer and a visionary, who must be pregnant with productive ideas. One who sees into the future and believes in the vision.
2. Burning Desire
The motivation to start and run a business enterprise must be with a burning desire. A burning desire protects, it helps you to face challenges and obstacles which will present themselves during the period of building your own business. A burning desire makes it impossible to be convinced that your vision cannot come to pass. If you are not passionate about your business or dream, it will not come to pass.
3. Ability To Start Small
Entrepreneurs who start with too little capital are usually more successful than those who started with too much capital, because little capital produces more drive to produce more result.
Pastor E.A. Adeboye said in one of his teachings that “there is beauty in starting   small” God values little beginning.
 Small beginnings makes you learn to think fast, take quick and positive decisions. Any one of today’s tiny, part-time, home based businesses has the potential of becoming tomorrow’s giant conglomerate.
The Chairman of Peace Group of Companies (owners of Peace mass transit) started as  a bus conductor, and then moved to owning two buses; today he has the Largest Mini-bus transport company in Africa with over 3500 staffs on payroll.
4. Service-Oriented Mentality
If you want to be rich simply serve more peopleRich Dad.
Business is simply servicing the needs of people. Bill Gates and Larry Ellison did not join the rank of richest men in the world until they provided easy-to-use software for millions of individuals and businesses. Aliko Dangote did not become the richest black man in the world until he provided the basic needs of over 50 million Nigerians.
Ask not what your country can do for you; rather ask what you can do for your countryJohn F. Kennedy
5. Diligence
This demands that you work hard to accomplish your business dreams. The chancellor of Covenant University, Dr. David Oyedepo declares that “Diligence has no substitute”. Don’t just dream it, work it out. I learnt that Dr David Oyedepo works for average of eighteen hours a day,Aliko Dangote works on average of sixteen hours a day. The result is speaking.
Work harder, better, smarter, and longer.

6. Strategic Planning
Having decided on the business you intend to set up or what amount of money you intend to make, you will need to draw a business plan or financial strategy.
Planning simply means system of achieving objectives and goals or a method of doing something that is worked out in advance.
The book of proverbs says
“Every great enterprise is built by wise planning”

7. Risk Taking & Persistence
There is a direct relationship between the level of risk and the likelihood of success in the world of wealth creation. If you don’t take a step, you would not see the success. Business success is not an overnight event; you must persist and take the necessary risk before you breakthrough.
Thomas Edison tried 999times, but the breakthrough came at the 1000trial. Today, his company is one of the largest in the world.  The higher the risk, the greater the returns and also the greater the loss.

8. Innovative Thinking
Great men like Dr.David Oyedepo, Ben Carson, Sam Maduka Onyishi, Mark Zuckerberg,Steve Jobs have this has one of their core values. You must be an innovative thinker and you must be innovative in business to stay ahead.

Innovation is the capacity to create new approaches to deal with old challenges. Innovative thinking makes you a creative and innovative entrepreneur. Think outside the box, draft new strategies, and develop new ideas to run your business. Stop thinking ordinary!

9. Character Development
In your quest for business success, develop sound character that will speak well of you. The chairman of Peace Group of Companies Ltd (owners of Peace Mass Transit) once told my mentor (Chukwuemeka Asogwa) at the airport that rich people are in great need of people to trust. According to this businessman, Sam Maduka Onyishi, his Chinese business partners could release any number of goods for him without fear of betrayal or fraud. That’s Character, it is a Social Capital. Trust is one of the most valuable commodities in the market place. Be a business man with integrity and sound moral principles. Most people ask how character is developed, simple! Just make right choice and you have built Sound Character.

10. Goal- Setting
A goal is a guide to success; it helps like a road map, which shows us the routes to success. Every great business leader is a goal setter and a goal getter. Write short, medium and long term goals. The short term goals are immediate goals achievable within the next twelve months, while medium term goals are those attainable within a period of one year to three years. Long term goals are goals that are envisaged to be attained within three to five years.
One unique goal that drives any entrepreneur is financial goal. You need to imagine   how much you plan to make in the next one year for your short-term financial goal and  in three years for your medium term financial goal and how much money you intend to be worth in four years time for your long term financial goal.
Learn More about this Topic,You can Order the Book ,START YOUR OWN BUSINESS  by Christian D.Ani  .e-mail:mymoneymachineworld@gmail.com

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