Recently, Gallup (a research-based, global performance management consulting company) identified behaviors consistently observed in highly successful entrepreneurs. Gallup studied 2,500 entrepreneurs to learn the actions and decisions that lead to business creation and growth.
What if I told you that you could achieve more success in business by improving your talents in these same areas? The reality is, you can, and the first step is practical application.
How can you get what the world's most successful entrepreneurs have? Here's how to get started:
1. Business Focus
Entrepreneurs have to make decisions every day. Some are relatively straightforward, while others are quite complex. Therein lies the entrepreneurs' dilemma - many of your choices are fundamentally "quite complex." This results in fear of not making the best possible choice. Thus, it keeps you from growing your business. When you face alternative choices, take a step back and recall your main objective. If you haven't clearly identified it, now is the time. Next, armed with information, reflect on the best course of action. Will it always be the right decision? No. And that's okay. But indecision is the worst type of decision there is in business.
On a scale of 1 to 10, how self-confident are you? I ask because confidence is a game changer, or a deal breaker, in business. Confidence is derived from an unyielding belief in yourself and your capabilities. Stop seeking external acceptance -- validation is for parking. Recognize your own accomplishments, daily. Then become a student of people. You can't be in business, successfully, and not become curious or well-versed on people. Start by distilling wisdom on the psychology of people and persuasion. Once you understand the human condition and psyche the less fearful you will be of others and their opinions. You will become empowered.
3. Creative Thinker
For me, creativity comes from unlikely places. What drives your creative sparks? When you are genuinely focused on improving the lives of others you will find creative ways to improve your product or service. Creativity is not complex, it should be enticingly simple. But diluting ideas down to their simplest and most effective form is the hard part. So, carve out time in your week for creative breaks and focus solely on the possibilities and translate them into their simplest form.
When you start a business you will wear all hats and tackle all sorts of jobs. But the goal is to work yourself out of each one of them. Start by proactively delegating tasks. In business, you cannot delegate what you don't clarify. Like most, you probably know how to do everything in your head. But in your head is not where systems and processes should be. For each operational role you fulfill, write down the steps - make it stupid simple. Then quickly brainstorm a way to hand it off, either through hiring an intern, new hires, outsourcing, or automation.
Entrepreneurship is all about endurance. This why you'll hear people refer to starting a business as a marathon and not a sprint. Make no mistake, at each stage in business you will face obstacles - they are necessary. You'd much rather make a $1,000 mistake than grapple with a $1 million dollar flop. Everything you go through will grow and prepare you for the next level in business. Successful entrepreneurs are solution-oriented; by necessity you must become an expert problem solver. "Every adversity, every failure, every heartache carries with it the seed of an equal or greater benefit." (Napoleon Hill)
Read the full list, Gallup Data Reveals 10 Talents Of Successful Entrepreneurs, at YFS Magazine.