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Five Ways to Succeed as an Entrepreneur

written by: Kay Wiki•edited by: Michele McDonough•updated: 9/13/2009

Every entrepreneur's dream is to excel in his or her career. Entrepreneurs need useful tips that can be used to cultivate success. This article discusses five key things entrepreneurs need to do in order to be successful.

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    Become a Success

    The thought of becoming an entrepreneur is enticing to millions of individuals who prefer to be their own boss. Entrepreneurship gives people the ability to earn as much or little as they want, however, becoming a successful entrepreneur is not easy and there are certain things that an individual must do in order to succeed in the business world.

    The thought of becoming an entrepreneur is enticing to millions of individuals who prefer to be their own boss. Entrepreneurship gives people the ability to earn as much or little as they want, however, becoming a successful entrepreneur is not easy and there are certain things that an individual must do in order to succeed in the business world.

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    1- Work Really Hard

    The most obvious part is to work really, really hard. This may sound simple, but distractions and other obstacles can make it difficult for an entrepreneur to achieve their financial goals. For this reason, entrepreneurs should consider investing in a business that they are truly passionate about, because when certain distractions come, their passion will continue to drive them even when their lack of ambition doesn’t.

    2 - Get Motivated

    Motivation is a driving factor of successful entrepreneurship. When things are not working or certain aspects of the business seem to be failing, entrepreneurs will need to access motivation to keep going. Many successful entrepreneurs surround themselves with a supportive network of people that can help push them forward and keep their morale up during the times motivation is waning.

    3 - More Action and Less Daydreaming

    A successful entrepreneur is a busy one. Having an organized schedule and understanding how to properly invest time is one key to becoming a successful entrepreneur. A great entrepreneur understands that if they can properly allocate time to the things that matter, eventually success will come. Many entrepreneurs are so busy they forget to eat lunch. Others work through the night on a project or product. Eventually, they reap the rewards of their busy schedule.

    4 - Patience

    Patience is vital to entrepreneurial success. Very rarely do entrepreneurs begin to make money right away. Finding a client, building a project, or writing a book rarely takes place in a single day. For this reason, patience is needed if an individual wants to eventually find success on the entrepreneurial path. It’s important to remember that the “end” justifies the journey.

    5 – Enjoy Your Work

    Enjoying what you do is also vital to success. There are two types of entrepreneurs – those who build a business for the money, and those who build a business because they love it. The latter group of entrepreneurs has the upper hand. The more enjoyable something is, the easier it becomes and success comes faster when things are easier.

    Bonus Point - Aim for Success, Not for Perfection

    Although perfectionism is admirable, it can be a strong hindrance to achieving success. Perfectionism can keep an entrepreneur constantly rethinking decisions, delaying projects, and spending an exorbitant amount of time on insignificant details. Perfectionism can delay success and is counterproductive to entrepreneurs.

    Every person can succeed. Even individuals who don’t believe they have any entrepreneurial instinct can harness the ability to succeed if they focus on their goals and devote energy to the things that matter. Although success is not always instant, eventually it does come and when it does… it’s sweet.