This is the starting point of all accomplishments. Do what you love, and you will love what you do. It’s hard to maintain positive attitude and stress level if you don’t enjoy the subject area, the team, the challenge, and the customers. People who are not having fun are rarely successful.
You need the motivation to succeed, which comes from the burning need to achieve your purpose. In an interview with The New York Times, Wealth-X founder David Leppan discussed what made a serial entrepreneur successful. He said, “Passion is the secret ingredient. There are a lot of people with ideas, but you have to have the drive.” Just being an “ideas person” isn’t enough to guarantee success; being passionate about your work is crucial.
Being innovative when approaching problems and creating businesses is the key to being successful.
4. Determined commitment
Many successful business people hailed as visionary leaders are individuals who hold firmly to a simple set of principles. The strength of these commitments led to their business success.
Persistence is determination to succeed. It is a commitment to finish what you start, which comes from a real purpose. A person who has no purpose will never persevere, will never be fulfilled, and will not succeed.
7. Pride of performance
This starts with positive thinking that your startup idea will work, but is a lot more. It is a confidence boosted by intelligence, preparation, and experience that your business model addresses a need in the market, provides a solution, and will beat the competitors.
9. Unfazed by setbacks
Elon Musk, a co-founder of PayPal, the CEO of Tesla Motors, and chairman of SolarCity, has never been discouraged by setbacks. For example, Musk had been tirelessly building and developing SpaceX’s capabilities and had attempted over a dozen other large-scale rocket launches. Since big disappointments, Musk is still hard at work on the ambitious goal of space travel, showing that being impervious to setbacks is a trait that is necessary to achieve success as a serial entrepreneur.
Being a risk-taker is one of the key elements that is shared by most serial entrepreneurs. No one embodies risk-taking more than Richard Branson, founder of Virgin Group. Branson’s empire has spanned disparate fields, from mobile phones to air travel, healthcare, cosmetics, and clean energy. Instead of relying on luck, he credits his success to the risks he took. In his book, Branson wrote, “Luck is a misunderstood concept. We can all create our own ‘luck’ by taking the necessary risks to open the door to change, progression and success.” Don’t fear failure, but learn from it quickly.
Some experts argue that everyone possesses these attributes, but they may be buried deep in the subconscious. The biggest challenge is to release the negative thoughts and feelings that are blocking the emergence and blocking success. In summary, when you decide to start a business, the place to begin is in your own mind. Take a hard look at your drivers, and those of every member of your team. That’s the only way your chances of success will be definite and real.
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