Tips for Entrepreneurial Success

Just this morning I read a brilliant article by Richard Branson (the famous English Business Magnate, Investor and Philanthropist), entitled “5 Skills and abilities successful entrepreneurs share” (1)

Richard Branson, who has been an entrepreneur for at least 50 years, highlights the fact that no two successful entrepreneurs are ever the same and it is that very fact which makes them successful.  In his long career he has met so many incredible leaders and has come to realize that these leaders and successful entrepreneurs share at least 5 distinct abilities and skills.

Here is a brief summary…

This is what they do …

They are not afraid to take calculated risks
RB states that the “luckiest people in business are those that are prepared to take the greatest risks”. As individuals we sometimes need to take a calculated risk in order to open doors that can lead to “change, progression and success”.

They learn from failure
It is important to remember that nobody gets everything right the first time round.   One does make mistakes.  The secret is to learn quickly and as successful entrepreneurs have done, don’t fear failure, simply learn from your mistake and move on!

They look at and see the bigger picture
Because RB put this so well, I will quote his own words.  “When we began Virgin, I didn’t see it as an end in itself, a noun; I saw it as the beginning of a whole range of services, an adjective.”   He then points out that successful entrepreneurs grab hold of an idea and let it “fly”!

They delegate very wisely
RB points out that in order for your business to succeed, it is vitally important to realize that one cannot do everything oneself.   If there is something that needs to be done and you are unable to do it or do it effectively, delegate it to someone who can.   This will help you achieve things quicker within that “bigger picture” of where you want your business to go.

They communicate effectively
RB believes that communication is the most important skill any entrepreneur could ever possess. Communication is a two-way thing.   It does not merely involve reading or speaking.  It involves understanding what is being said what is NOT being said!  Communication is that which enables one to learn, to grow and to progress!
So whether or not you are in a work from home business, an online business or a small to medium bricks and mortar business, the principles shared by Richard Branson can be applied one way or another.
If this has been helpful, subscribe to my blog (free) and get helpful tips and advice on a regular basis.
 
Have a great day
Day Ashton
Skype: dayashton1
(1)   https://www.virgin.com/richard-branson/5-skills-and-abilities-successful-entrepreneurs
 

Leave a Reply