An Attitude for Success for Successful Entrepreneurship
May 19, 2017
Skill and practice are of course necessary for consistently high performance. When these are supplemented with an ingrained belief that you have what it takes to beat the competition, superior performance can result. How do these apply to successful entrepreneurs?
Positive Attitudes and Thoughts
All of us would have heard about the key importance of positive thinking and how it can lead to success in what we do. Just what are the elements of this success attitude as it relates to business entrepreneurs?
- Doing What you Love: If you go into a store, what type of salesperson makes you feel like doing business with the store: someone who is not only pleased to meet you but who also knows everything about the merchandise, or someone who seems bored to be at the counter and is unable to answer your queries? The same applies to your customers and employees. If you exude happiness and have acquired detailed knowledge about your business, you will attract not only customers but also good employees. And this combination of happiness and detailed knowledge typically results when you like what you do day after day.
- Integrity that Generates Trust: Unlike the famed used car salesman of legends, successful businesspersons make sure that their customers are delighted with what they get. And the result is that these customers bring in more customers through word of mouth.
- Learning from Failures: Like the child who learns and grows by hurting herself or himself in different ways, businesspersons also learn by making mistakes and learning from these. The accomplished performance of a successful businessperson you might come across is typically the final result of probably years of not so perfect performance. Few, if any, of us are businesspersons by birth.
- Self Belief: Mistakes tend to undermine our belief in ourselves. The initial learning period when we make the mistakes will also typically be the period when we face a lot of negative responses in our business encounters. Both the mistakes and the negative responses can dishearten most of us. It is only a strong belief that we are on the right track that can sustain us through this period.
- Ability to Adapt to Changes: Products are changing, skill requirements are changing, people’s lifestyles are changing and businesses have no option but to cater to the changes. In this age of smart phones, for example, the fact that yours is a long-established business cannot get you sales volumes with the bulky old models that you sold so successfully years ago. Businesses have to adapt to changing market requirements and customer profiles.
- Setting an Example at the Workplace: If employees see you working seriously and long, and if they see you willing to listen to them and even accept criticism, the culture at the workplace will tend to be a highly productive environment. A bossy boss who won’t admit mistakes and acts arbitrarily tend to demoralize the whole workplace.
- Act, not just Plan: While you need to think and plan, what is important is to act when action is needed. There might be occasions when you do not have the time to review alternatives and take a considered decision. Intuition, based on past experiences, can be a good source for decisions. Successful businesspersons would have developed sound intuitions, and the habit of basing actions on these intuitions.
The Right Attitude can Overcome Other Limitations
To set up and run a business successfully, you need know-how, skills to get desired results in a repeatable fashion and physical and financial resources. However, right attitude can make up for limitations of know-how, skills and resources to a large extent.
For example, you are likely to find it easy to get sound advice, associates, employees and other support and help to cope with the limitations if you are enthusiastic about your business and project a dependable and trustworthy image.
The right attitude is what distinguishes the true winner from the also-rans. A success attitude consists of things like enthusiasm for your business, integrity that inspires trust, the ability to learn from experience, belief in the soundness of your business and your ability to succeed, ability to adapt to changing conditions and the habit of acting when action is needed.