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In my role as mentor to many of you aspiring entrepreneurs, I often find you convinced that all you need to start is a unique innovation or idea , and now you are ready to jump in with both feet and enjoy the ride. Remember that being an entrepreneur is all about starting and running a business, after the initial invention.
The message I hear publicly from most entrepreneurs is that you have to think outside the box and take big risks to ever beat the odds and be among the less than ten percent that experience real success. Serious entrepreneurs will privately admit the business is first, and the family second. All risks are not the same.
In my role as mentor to business professionals, I often get the question about your potential of going out on your own as an entrepreneur, versus your current role of working for a boss at an established company. If you enjoy wearing many different hats and are constantly learning new skills, you will get more satisfaction as an entrepreneur.
As a long-time mentor to new entrepreneurs and business owners, I have noticed that many no longer associate more fulfillment and satisfaction with more money, power, and success. It seems that fulfillment to these new entrepreneurs is all about changing the world and legacy. He enjoys the learning from these calculated risks.
It seems they are both looking for more personal satisfaction and sense of purpose for their efforts. Based on my experience as a business advisor, I recommend that every business owner and entrepreneur focus on the following tips to provide a better work culture: Invest in integrating new technology, not just forcing it.
Most aspiring entrepreneurs I know are just waiting for that unique idea to strike them that will kickstart their new venture, put them in control of their lifestyle, achieve financial independence, and maybe even change the world. Your legacy may be that of a serial entrepreneur, or an industry giant and world-wide leader.
As a long-time business advisor and mentor to entrepreneurs, I consistently find that the most thriving businesses are people-centric, and those team members create the best processes, rather than the other way around. That takes less time and gives everyone greater satisfaction.
Most of the entrepreneurs I meet as an investor and advisor have no shortage of right-brain thinking, showing vision and creativity, but often don’t realize that their potential is being limited by a balancing focus on results, metrics, and customer specifics. Personal growth and satisfaction is rarely all about business.
Confidence and self-esteem are critical to your success as an entrepreneur, or any business role. Therefore, the sooner that you adopt the strategies outlined here, the better will be your odds of really changing the world, and having fun and satisfaction while doing it. Marty Zwilling First published on Inc.com on 07/01/2021.
As an advisor to many startups today, I still see that most of you entrepreneurs see yourselves as the sole driver of your new solution, and the key driver of your new business. Satisfaction and commitment come from choosing a path to move forward, evaluation results and customer feedback, and learning from all their best efforts.
As a long-time business advisor, and an investor in startups along the way, I’m always on the lookout for an entrepreneur who is responding first to a problem in the marketplace , rather than bringing a new technology to the market, assuming it will find a problem to solve. Marty Zwilling First published on Inc.com on 08/24/2021.
In the eyes of investors like me, to be an entrepreneur, it’s not enough to create an innovative solution – you need to convince me that you can build a profitable business. Great entrepreneurs like Elon Musk are always talking about their next venture to another planet, underground transportation, or electric vehicles.
As an advisor to aspiring entrepreneurs, I find that many assume that their passion and their innovative solution will define them as a leader, and customers, as well as team members, will follow them to the ends of the earth, assuring business success. Marty Zwilling First published on Inc.com on 08/19/2021.
In my experience, many entrepreneurs rely too much on the perspective of a trusted advisor, or try to emulate a competitor who is getting attention. The challenge is how to develop that self-leadership in every aspiring entrepreneur and business professional role. Marty Zwilling First published on Inc.com on 09/21/2021.
Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. I once met with an entrepreneur who had developed a new algae strain to cure world hunger and make him rich.
Every entrepreneur and business owner I know has had more setbacks than they would like to admit, in this age of rapid change and constant surprises, like the current pandemic. In some cases, a business problem can be a reminder that your interests have changed, or the path you thought was right is not getting you the satisfaction you seek.
Later, in my second career as an entrepreneur with startups, I realized that limited resources and fresh insights actually created the mindset that relied on market change and innovation to survive. In addition, team member engagement and loyalty depend largely on the satisfaction of creativity.
In my current role as a consultant to entrepreneurs and small business owners, I’ve accumulated my own list of insights on how some people get more done. The result is a new level of productivity, loyalty, and personal satisfaction for you as well as everyone on your team. Marty Zwilling First published on Inc.com on 05/06/2021.
Most of you aspiring entrepreneurs probably have long searched for that special idea that will catapult you and your startup to success. True entrepreneurs are born, not made. It’s true that some people are natural risk-takers, but these often do not make the best entrepreneurs. Every inventor is an entrepreneur by default.
By definition, all of you entrepreneurs are leaders, by taking the initiative to start a new company. Most investors will readily admit that they invest in entrepreneur leadership, more so than innovative ideas, but they often find it difficult to separate aspiring leaders from those that are clearly extraordinary.
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