While successful entrepreneurs aren’t created from the same social class or income brackets, the one thing universally consistent about entrepreneurial greatness is that they all possess the same unique traits.
What makes global business leaders the phenomena they are is what you want to study and emulate.
The 3 industry-defining characteristics that every new entrepreneur should aim to inculcate are:
The core defining characteristic of iconic entrepreneurs lies in their decisive factors.
The journey to success is often filled with obstacles where businesses can collapse and their sustenance rests over few key decisions made by the leaders.
Even if your initial idea worked flawlessly in the past, it may be time to move on to more advanced tactics to maintain organizational effectiveness and workforce development. Barbara Corcoran (one of the investor sharks in Shark Tank), a real estate business woman, converted her $1,000 loan into a massive $5 billion business by taking major steps.
Mark Zuckerberg, a name known in every household thanks to his creative brainchild “Facebook,” had to take significant measures while raising money to start his company.
He shunned major investors, cancelled meetings, and would refuse to take phone calls – he firmly believed that his product required the patience to mature into a global multibillion-dollar business.
Elon Musk, the owner of Tesla Motors and SpaceX, gained international fame and recognition in just a few years. Musk led a relatively obscure life prior to his distinguished status, but then something changed.
Portfolio Wealth Global is so impressed with Elon’s achievements that we’ve been researching the lithium market, and we have been truly shocked to learn just how tight and out of supply it is.
The answer lies in his penchant for developing grand ideas in a gadget-crazy world, as well as an ambitious project to launch commercial spacecraft that could enable space travel.
While many entrepreneurs mock the idea of space travel as a science fiction fantasy, Elon Musk gained global support thanks to his drive to utilize innovative technology in developing human-sized tubes and showcasing his “Hyperloop” project at events.
Elon Musk has paved the way for some serious new thoughts to enter people’s minds. Decades from now, we will look back and say Elon Musk was a door opener.
A successful entrepreneur plans for the future and sets micro goals along the way. This includes hiring capable and reliable employees, transferring the workload, and dealing with challenges to the staff in a sufficient manner.
If an entrepreneur fails in determining their tactics, the company will certainly crumble before it is able to set sail.
Take the leadership qualities of Steve Jobs, for example, arguably the world’s most successful entrepreneur. His ability to design products that were considered unachievable feats have paved a new way for the tech industry. One of his major concepts include developing the touchscreen for the first iPhone that utilizes human touch. His foes said this was not possible, but Jobs proved them wrong, as he usually did.
Former president of Pepsi, John Sculley (who later became notoriously known for causing the ousting of Steve Jobs from Apple later on), was convinced by Steve to join Apple in 1983, all by the dint of his belief, determination, and passion.
Jobs led his team with extraordinary flair to push beyond the limits of human reason to envision critical components in developing interactive and next-generation Apple products.