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LEADERSHIP IS A PROCESS OF SOCIAL INFLUENCE, WHICH MAXIMISES THE EFFORTS OF OTHERS TOWARDS THE ACHIEVEMENT OF A SHARED GOAL.

Saturday, January 09, 2010

Building Your Own Business


Building a business involves a lot of strategic planning, financial planning, and goal setting if you are going to be successful. What a lot of aspiring entrepreneurs do not realise is that it is also important to maintain certain mental attributes and leadership skills that will help to motivate planning strategies and goals.

There are certain attributes that entrepreneurs possess that determine how successful they will be as a business owner. These are success principles that entrepreneurs live by which ensure that they will overcome obstacles and achieve success.

Take Control of Your Life

Making the decision to transition into entrepreneurship means that you have decided to take control of your life. This means that you must maintain a mental attitude of being in control instead of blaming everything on other factors. Not taking control and placing the blame elsewhere does not get you where you want to go as an entrepreneur and holds you back from moving forward with your business.

Persistence

Successful entrepreneurs realise that persistence is one of the attributes that will ensure your success. If you maintain a winning attitude, the obstacles that are bound to crop up will only be seen as temporary setbacks and part of the journey to reaching your goals.

Planning With an End Goal in Mind

Part of good leadership skills is the ability to plan with an end goal in mind. Successful entrepreneurs know how to look at the big picture and then set measurable goals that will ensure that they reach the end goal. Without the ability to set goals, you are navigating the high seas without a compass and ensuring that your business will fail.

Involvement

Successful entrepreneurs are strong leaders because they are willing to take the bull by the horns and get involved with their success. While others are waiting for what they want to come to them, entrepreneurs are going out and getting it.

Fear

Instead of allowing fear to paralyse their actions, successful entrepreneurs recognise fear as a natural part of the process and forge ahead anyway. If you let fear overcome you, the chances of achieving success with your business will be reduced.

Risk Tolerance

Successful entrepreneurs and leaders already know that failure is part of achieving their goals and are willing to take the calculated risks anyway. If you take calculated risks wisely you will help your business to forge ahead as well as learn from your failures.

Self-Confidence

Successful entrepreneurs get to where they are going because they maintain a positive mental attitude and believe in their abilities to achieve their goals.

Hard Work

Successful entrepreneurs are willing to work hard and do not give up as soon as something is difficult. Instead they realise that to get to their dreams they also have to endure the hardships and obstacles that are a natural part of the journey.

These are a few of the attributes that are important to becoming successful with your own business. Without these attributes it does not matter how well you have planned your business. It will not succeed if the person behind the planning is not motivated and goal-oriented.

If you do not have all of these attributes you can always work on developing them by surrounding yourself with people that have an entrepreneurial mindset. If you have already decided to take the leap, you have already taken an important step toward becoming a successful entrepreneur.
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