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Monthly Buzz #35
March 2005

How to Become a Better Entrepreneur

Don’t you wish there was just one tip that would make you a better entrepreneur? Only it's not that simple. It’s true, you can't boil entrepreneurial success down to just one thing. But it's not all that complicated either—just remember the 6 P's.

You have to start with the possibilities. Whether they're long-held dreams or sudden brainstorms, you need to envision your ideas and how you'll make them happen.

Next, you must have a plan. Yes, despite the fact that many successful entrepreneurs boast about not having done an initial business plan, that's still the exception, not the rule. A business plan is your roadmap to success. It explains where you're headed and how you're going to get there. It's not hard or complex, so even if you're a ten-year business veteran, buy some software and get started. 

You need to be proactive. General George Patton once said, "Opportunities do not come to those who wait, they are captured by those who attack." That means get up, get out there and make things happen. We're not Cinderella and our fairy godmothers are not going to wave a wand and give us our dreams. Successful entrepreneurs take responsibility and take action.

Entrepreneurship is a 24/7 endeavor. So if you don't love what you're doing, if you're not passionate about your business, it just makes it harder to succeed. You can't manufacture passion, you either have it or you don't. Don't get me wrong, you can succeed without passion, but like in any relationship, having passion makes it more fun. If you've lost yours, it's time to find it again, to get excited about what you do so you can continue to grow.

As an entrepreneur, you're likely to be told "no" more often than any normal person wants to hear that word. But rejection comes with the territory and it's getting beyond the "no" that sets successful business owners apart. How do you do that? Staying positive. There actually have been a few surveys showing that optimistic people are more successful. I'm not telling you to be unrealistically happy all the time, but smiling (thinking positive) through the hard times makes them a lot easier to navigate. 

And above all you need to persevere because, and you can call this my entrepreneurial motto, if you believe and if you persist, all things are possible.

You have to start with the possibilities. Whether they're long-held dreams or sudden brainstorms, you need to envision your ideas and how you'll make them happen.

Next, you must have a plan. Yes, despite the fact that many successful entrepreneurs boast about not having done an initial business plan, that's still the exception, not the rule. A business plan is your roadmap to success. It explains where you're headed and how you're going to get there. It's not hard or complex, so even if you're a ten-year business veteran, buy some software and get started. 

You need to be proactive. General George Patton once said, "Opportunities do not come to those who wait, they are captured by those who attack." That means get up, get out there and make things happen. We're not Cinderella and our fairy godmothers are not going to wave a wand and give us our dreams. Successful entrepreneurs take responsibility and take action.

Entrepreneurship is a 24/7 endeavor. So if you don't love what you're doing, if you're not passionate about your business, it just makes it harder to succeed. You can't manufacture passion, you either have it or you don't. Don't get me wrong, you can succeed without passion, but like in any relationship, having passion makes it more fun. If you've lost yours, it's time to find it again, to get excited about what you do so you can continue to grow.

As an entrepreneur, you're likely to be told "no" more often than any normal person wants to hear that word. But rejection comes with the territory and it's getting beyond the "no" that sets successful business owners apart. How do you do that? Staying positive. There actually have been a few surveys showing that optimistic people are more successful. I'm not telling you to be unrealistically happy all the time, but smiling (thinking positive) through the hard times makes them a lot easier to navigate. 

And above all you need to persevere because, and you can call this your entrepreneurial motto, if you believe and if you persist, all things are possible.

FEATURE:
How to Become a Better Entrepreneur

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