Be Your Own Boss 8 secrets to entrepreneurial success

8 secrets that great entrepreneurs live by for success

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John Dumelo play

John Dumelo

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It doesn’t really matter whether you were conferred a degree or you are a school dropout, everyone can be an entrepreneur.

If the big companies are not ready to put you on their payroll, stop complaining and create opportunities for yourself.

It's time to take a hard look at your alternatives for maintaining financial independence in the years ahead.

Ready to get started? Here are the seven secrets that I consider vital to any entrepreneur’s success:

Success is learning from failure without loss of enthusiasm

“Only those who dare to fail greatly can ever achieve greatly.” - Robert F. Kennedy.

Successful entrepreneurs see failure as a stepping stone to success. If you want to change the world with your ideas and creativity, then consider failure as an inevitable learning experience.

READ ALSO:6 stressful things that are preventing Ghanaians from being truly successful

Success comes after the storm has passed

“The secret code of success is patience, a virtue that can not be replaced. It takes time to build great dreams.” ― Bernard Kelvin Clive

True entrepreneurs don’t expect to hit the jackpot once introduce their products or service to the world. A lot of background works, marketing, branding, good customer care among other factors must meet the standards before customers accept your company.

The ride might be bumpy, you will be faced with problems and disappointments from staffs and suppliers but you must see the light ahead of the tunnel.

Competitors will find it hard to hit a moving target

"The secret of success is focus of purpose" -Thomas A. Edison

Don’t be too concerned about what your competitors are doing. Focus on your goals and the needs of your target clients or customers. Create a niche for yourself, think outside the box and do extraordinary things will be put you in a comfortable lead.

READ ALSO: 5 key habits to help you save money in your 20s

Persistence and resilience are more powerful than intelligence

"The biggest failure of man is that he gives up before he realizes how close he was to success" - Thomas A. Edison

Real entrepreneurs don’t quit when they are faced with series of storms. They are intelligent people that can maneuver their way around every situation for the best interest of their customers and company.

Always look at the glass as half full rather than half empty

“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty." - – Winston Churchill

If you see the world as a glass half full, you are an optimist, you see ways through problems, and you will be able to change the world.

Life is 10% about what happens to you and 90% about your response

Entrepreneurs know they can’t control what they employers do but they can absolutely control their response.

They think carefully before they react to any situation because any emotional reaction and any snap decision will likely be the wrong one.

READ ALSO: 5 ways to balance your finances and still have a social life

Work more hours a day

"The essential conditions of everything you do must be choice, love, passion". Nadia Boulanger

The best entrepreneurs love what they do and don't even see it as work. They are always enthused and excited to show the world what they can do.

They create opportunities

"Successful people are always looking for opportunities to help others. Unsuccessful people are always asking, 'What's in it for me?"- Brian Tracy

Entrepreneurs are problem solvers always looking for opportunities to impact people's lives with their creativity. They take an idea, turn it into a small business, and seek to grow that business into a big one.

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