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5 Ways Entrepreneurs Succeed in Starting Small Businesses

Entrepreneurs are a breed of their own. If you’re one of them, you know exactly what I’m talking about. Entrepreneurs are good at many things, they’re a jack of all trades. But if there is one thing they are good at, it’s starting small businesses. They’ve got the passion, know-how, and drive to make a good idea mind-blowing and loveable. So, how do they do it? This article outlines five ways entrepreneurs master the art of starting small businesses.  

As an entrepreneur, this will be a great way for you to pin-point what, exactly, sets you apart from the crowd. Or, you may find something you can improve upon to be even more successful with your small businesses.

1 - They Make up Their Mind5 Ways Entrepreneurs Succeed in Starting Small Businesses

Entrepreneurs may have their doubts as they start a new business, but the difference is, they’ve already made up their minds -- nothing is going to get in their way.

If you really want to succeed as an entrepreneur, remember this bit of advice: opposition is always out present when starting a business. It doesn’t rest. It’s there to make you want to quit, and there to make you break. But the difference between a fighter and a loser is that one will always keep getting back up no matter how many times opposition hits them in the face and knocks them to the ground.

So, entrepreneurs have what it takes to forge the river -- to brave the storm. Many people will give in when times are difficult or when unsure, but entrepreneurs simply look for another way to make it work.  

2 - They’re Constantly Progressing

One of the biggest reasons entrepreneurs succeed when starting new businesses is because they’re never content with the way things are. They would rather find a way to better something than say “it’s good enough.”

Think of Hyundai Motor Company. When first introduced to the U.S. in the late 80’s, the company quickly gained a reputation for cheap, unreliable cars. After a slew of reliability issues and complaints, Hyundai committed themselves to become better -- and they did.

However, rather than stopping at becoming “better,” they decided to keep going. Hyundai became the fastest growing automaker in the world (source). They decided to continue progressing.

As such, entrepreneurs never settle for good or better, they want to be the best.

3 - They’re Not Afraid to Fall

Entrepreneurs aren’t afraid to fall. In fact, they anticipate to fall and have every intention to get back up as soon as they do.

Truth is, starting a small business will present the opportunity to fail a time or two. Every time you fall, you learn something new. You realize what to do better the next time and you remember it. Think of legends such as Bill Gates -- do you think he ever failed? Without a doubt. But for every time you fail, there lies a new opportunity to accomplish something great.

4 - They Look for Opportunity

Speaking of opportunity, entrepreneurs are successful with small businesses because they seek out instances in which they can succeed.

As a small business owner, you’ve got a whole world ready for your taking -- all you must do is take it. How? Go for it and take a chance. If you own a screen printing business and your clients are composed of people that happened to see your store as they drove by, get out there and find opportunity to grow.

A successful entrepreneur will go out into a crowd and find a handful of people to become partners with in order to grow and expand rather than sit and wait for business to come to them.  

5 - They Care About People

Entrepreneurs don’t succeed just because they are good with numbers, profit margins, or because they have a good idea for a product or service -- they succeed because they care about the people they work with, too.

If you’re a good entrepreneur, your first priority is the very people who are driving your success: customers and employees. How do you accomplish this? Find what matters most to your employees and customers and make it matter just as much to you. Excellent perks and affordable health benefits are a place to start with employees, and top-notch customer service and a quality product or service are a great place to start with customers.

It doesn’t matter where you start, caring about the foundation of your business is what makes a successful entrepreneur with small businesses. Plus, it leads to faithful customers and will improve your recruiting and retention.

Conclusion

What makes an entrepreneur so successful with small businesses? Many things. However, their ability to stay determined and never give up, progress, look opposition in the eye, look for opportunity to grow, and care about people are some of the main traits of a successful entrepreneur.

What other ways do you think entrepreneurs success with small businesses? Comment below.

 

Article source: SBA