Are you an entrepreneur in the making?
Here are some qualities you may want to embrace.
Entrepreneurship is the word of the hour, India is the 3rd largest start-up ecosystem in the world, and the growing interest in start-ups is only increasing with time. The recent successful stories of Indian startups who have been listed on stock exchanges in India and abroad are indicators of the shift in the mindset that is progressive and risk-taking.
But amidst this entrepreneurial start-up world, what makes an idea successful and grow?
While our first thoughts revolve around the skills of resourcefulness, vision, communication, focus and leadership, what is really the secret to a successful start-up? The reality is that there is no particular secret to be a successful start-up founder. It always comes down to a perfect wave that includes elements like the right idea, vision, relevant skills, ability, attitude, resources and a good support system for success.
While we all might consider that a successful start-up begins from a great idea, but the way, a great play cannot become a success with poor production; a great idea cannot determine the success of a start-up!
The journey of a startup goes through a lot of unexpected changes and here are the qualities that will help you make the most of your journey of entrepreneurship:
- Being Fearless - There will always be someone who’ll be better, smarter or more efficient than you, but no one can be you! As an entrepreneur on a startup journey, you have to embrace your fears and march forward taking risks. It is your fearless attitude that will help you bounce back in times of failure.
- Being a Visionary - An entrepreneur will always find himself having creative thoughts and seeking opportunities before others do. An entrepreneur will have a vision that will be providing a solution to its consumers. This proves to be beneficial in times of crisis as a visionary can seek opportunities even in difficult times.
- Following your Instinct - No two ideas can be the same and can't promise the same results! Entrepreneur relies more on their instinct when embarking on their start-up journey. As an entrepreneur, you have to trust even in times of failure; your instinct and go with your gut no matter what others say!
- Being Confident - When you have your instinct and your vision, you are aware of what you desire and what you are working towards. The best entrepreneurs know their strengths and weakness and are confident about making decisions. They aren't afraid of accepting their weakness, instead they find a team that can help them win over their weakness and be more confident. In times of failure, it is your confidence that helps you face the challenges headstrong!
- Being Analytical - While it is important to follow and create your own journey trusting your instinct and creative visions, it is also important to depend on market research, sampling, surveys and testing. These tools help in understanding your market and also prove your instincts.
- Being Passionate - Your passion is the fire for your wings. It is your driving force against all odds. A startup journey is filled with many plateaus of hindrances but it is your passion that will force you to pursue and find a ray of sun in the darkest of times. It helps you with purpose, intention and chances to succeed.
- Being Adaptable - The only thing that remains the same in this tornado is the change itself. The road of a start-up is filled with unexpected twists and turns, and being adaptable is always a valuable quality as it enables you to stay calm amidst chaos and be flexible enough to adapt to changing marketplace.
- Being Resilient - There are two types of people, one who gives up with the first setback and another who bounces back every setback. Your resilience helps you experience adversity and overcome it. It allows you to bounce back from failure and learn from it. This proves to be great learning for an entrepreneur to succeed.
- Being Focused - Pursuing excellence is a full-time job that requires determination and complete focus. Entrepreneurs understand that the growth and success of a startup depends on the amount of time, blood, sweat and tears we offer. Any distraction can hamper the growth of the start-up. Your undivided focus helps in giving both time and energy to your business that proves beneficial at facing failures as you can focus on both the small and big details.
Being Persistent - One might not be perfect with their skills or nature to begin the road to a successful start-up because of its unexpectedness. An entrepreneur needs to move forward on his start-up journey with persistence because it is the persistent nature that helps us deal with our failure and not give up!
About the Author
Vineet Tandon is India’s first and only guitar playing motivational speaker. Vineet has over 18 years of corporate experience and have worked with global organizations. He is also a regular columnist in Dainik Jagran (India’s No#1. Selling Newspaper in terms of Circulation & Readership) and write on career guidance, motivation, success, leadership and so on. Vineet can be contacted on his twitter @vineettandon or by e-mail on mail@vineettandon.com.