What makes a successful entrepreneur?
I’m sure you are like me, you’ve seen successful entrepreneur’s that fit many different profiles – extrovert, introvert, charismatic, behind-the-scenes, in exciting markets and markets that you may think are not exciting.
So, categorizing successful entrepreneurs is not that easy, but there is one factor that has clearly defined the line between successful entrepreneurs and those that have lessor success…I call it the industrialization of a passion or interest.
Steve Jobs was passionate about design and quality – he commercialized that passion and never worked a day in his life!
Donald Trump’s passion is business and specifically, real estate – he turned that passion into industrialized ventures that made him (and many others that share the same passion) wealthy
1) If you have a passion or interest in something (teaching, writing, solving problems, getting that sale, etc…) chances are you are good at it (or at least have had some level of success or praise giving you the satisfaction)
2) Your passion and interest makes it something you will spend more time, energy and focus on with less reward (key when you are starting a business)
Where I see many new entrepreneurs make the biggest mistake is they choose their business (market, method of monetization, product, service, etc…) based NOT on their strengths, passions and interests (with obvious commercial refinement) but rather solely based on what has worked for someone else, the “idea” of money or some other external validation.
