I bet you want to be an entrepreneur. That’s why you are here, reading this article.
Don’t think I am trying to scare you. But it takes hard work, perseverance, and patience to be a successful entrepreneur.
Here in this article, I will share a few things you can learn from entrepreneurs of all time.
So without further ado, let’s get started.
Things You can Learn from Successful Entrepreneurs of all time
We have been obsessed with the success of many entrepreneurs. But we don’t really realize that their paths to success weren’t flowery.
Here come the lessons from the life of renowned entrepreneurs.
#1. Take the Bricks of Your Broken Fortress to Build an Empire
Are you tired of failure? Do you get failed so often that you are even afraid to try new things?
Then, you have to listen to the story of Thomas Alva Edison. You know what? The magician of Menlo Park was not only a scientist but an entrepreneur too. He knew what the customer wanted.
In his try to invent an electric bulb, he couldn’t find the exact material to be used as the filament. How many objects do you think he used?
Yeah, you read it right! He tried ten–thousand materials to finally stumble upon the one that worked.
This shows an entrepreneur shouldn’t be disturbed by failures.
“I have not failed. I have just found 9,999 ways that do not work”– said him once.
#2. Belief is Your Magic Chant that Makes Gold from Emptiness
You have to believe in yourself. Yeah, you should! If you don’t believe in you and your ideas, how come a venture capitalist or your potential customers can believe in your product?
I hope you heard the name Walt Disney. He went on to become the owner of world’s largest animation company.
He once said about belief.
“When you believe in a thing, believe in it all the way, implicitly and unquestionably. If you can dream it, you can do it. Remember that this whole thing started with a dream and a mouse”
#3. Enthusiasm is the Yeast
You need to be enthusiastic. Even when chips go down, you have to hold on to your enthusiasm.
Henry Ford, the man who started one of the popular vehicle manufacturing companies of all time said the following about enthusiasm.
“Enthusiasm is the yeast that makes your hopes shine to the stars. Enthusiasm is the sparkle in your eyes, the swing in your gait. The grip of your hand, the irresistible surge of will and energy to execute your ideas.”
#4. Find Your Golden Nugget
You can’t find your fortune on every field. That’s why you should realize your potential niche market.
Steve Jobs did the exact same thing. He gave birth to his entrepreneurial journey with his friend Steve Wozniak. And, he kept on improving the focus regularly.
He took in the ideas from other companies and meticulously revamped it.
#5. Unhappy Customers are Your Teachers
You can’t always have satisfied customers. Sometimes, you will not be able to convince them. And, they will cease the contract with you badly.
Guess what? Dissatisfied customers teach you a lot of lessons. Using those, you can grab the next big opportunity.
Bill Gates feels it the same way.
“Your most unhappy customers are your greatest source of learning.”
#6. Pay Heed to the Craziness Inside You
Larry Page says you have to pay attention to your crazy ideas. You never know whether your craziness has the potential to change the world or not.
When Larry got the first idea of Google back in 1990s, it was the craziest. But now, it is a name everyone in the world knows.
#7. Criticism is Your Invisible Mentor
Imagine that you have launched your dream product. You reach out to everyone and tell about it. Obviously, a lot of people appreciate your effort.
What will be your reaction if you get a criticism? You grow anger towards the person who raised it against the product you were working for years, don’t you?
You must never do that. NEVER.
Instead, you must embrace the criticism and make changes in your product so that a second person won’t tell the same complaint.
“When I spoke with someone about the Tesla Model S, I didn’t really want to know what’s right about the car. I want to know what’s wrong about the car.”- Elon Musk
#8. Money is not Always the Big Thing
We need money to live. We badly want it to survive.
What if you get a billion dollar offer for a product you developed? Will you turn it down?
Well, Mark Zuckerberg turned it down! Yahoo was ready to buy Facebook for a billion dollar. But Zuck felt he should turn it down.
He says money must not always be your first priority.
“The question I ask myself like almost every day is, ‘Am I doing the most important thing I could be doing?’ … Unless I feel like I’m working on the most important problem that I can help with, then I’m not going to feel good about how I’m spending my time.” – Mark Zuckerberg
#9. Don’t Go Big or Go Home
When you are first starting out, you don’t know what are the risks involved in the industry you choose. So, you have to play safe.
#10. Smartness doesn’t Define Success
Neil Patel of QuickSprout says you don’t have to be smart to become successful.
All you want is a business mindset. If you have that, you can hire smart people and make them work altogether for your success.
You have got 10 lessons from world famous entrepreneurs. I hope you will bear those in your mind and hustle for your success. Don’t forget to share this with your friends. They will thank you later.