10 Steps to Becoming a Successful Entrepreneur

One of the brightest living business minds of our day, Dan Sullivan of strategic coach, says there are 4 primary types of freedom.

1. Time (breaking free from the time/wage paradigm)

2. Money (Making enough to buy back your time)

3. Relationships (Spending your time with people you want to spend time with)

4. Purpose (Relates to fundamental values and goals in life)

I wonder which freedom you’re already achieve in your life?

Most people get stuck in dead end jobs, they don’t even have time to spend with their family. They can’t afford to go on vacation and the sad truth is they don’t live by purpose. I have been there in that miserable situation and when I looked back I take the decision to change my mindset so I could reach my financial freedom because I believed it’s the key to enjoy my life.

Is it your goal in to achieve financial freedom too?  

If your answer is YES, keep reading this article.

There are only two ways to gain true time and financial freedom. You’re either lucky (maybe you inherit or win it) or The second way, which we’ll cover in great detail is, you can become an entrepreneur.

What’s an entrepreneur ? In a nutshell, an entrepreneur is someone that create solution for the problem of other people. If you’re serious about reaching your financial freedom, you have to adopt a new mindset.

To be an effective entrepreneur, you need one key to succeed: provide excellent service to as many as people as you could. You do need a few qualities to start in your journey.

  1. You have to be passionate about what you’re doing
  2. You have to be consistent in what you’re doing
  3. You have to stand bold in the face of adversity

You don’t need a business to start your journey. Your homework for today is to start looking at the world around you as opportunities to help others. Think about your childhood, think about your dream when you were allow to be free. Think about all situations you found yourself frustrated. They are all opportunities you might start thinking about finding solution

 

Let’s go in a list to start with your financial freedom journey

1. Love what you do.

Passion is the fuel of your achievement. If you love what you’re doing, yo will find a way to be more creative. And you will be the best in your business.

2. Take baby steps.

Do what you can do with what you have. Many people find excuses to stuck in life. Don’t be a victim of your circumstance. Start where you are and improve later.

3. Learn from others.

Successful entrepreneurs often worked for others in their field of choice before striking out on their own. Spending a few years in the industry under an excellent mentor will provide a good launching pad. Learn from your predecessors’ mistakes and brainstorm about how to improve upon their model. Find someone willing to teach, and think about starting your business elsewhere when you leave.

4. Learn how to self-promote.

Confidence and a learn to talk can talk your success to the next level. Spend time learning how to share your vision, how to build a team, how to make the sale and how to focus in your customer.

5. Constantly take action.

Entrepreneurs are movers and shakers. They can’t afford to analyze every detail or they’d never get anywhere. There is no place for procrastination in a startup. It’s a 24/7, no-vacation-or-sick-days kind of job that demands constant forward momentum. Make a brief assessment at every step and move on it. Trust your instincts.

6. Make a plan.

Read about successful businesses. Take in the wealth of knowledge that’s been provided by successful entrepreneurs such as Steve Jobs and the personalities from Shark Tank. A successful business plan does not have to be a book. A 10-page plan is digestible yet long enough to include everything you need to start.

7. Build a reputation.

According to Brandi Bennett at HostGator.com, maintaining a blog on a well-hosted website, or volunteering your time and skills, shows instead of tells the community, and thereby builds expertise and trust.

8. It’s never too late to start.

Many successful entrepreneurs started later in life. J. K. Rowling (Harry Potter author), Julia Child (chef), and Sam Walton (Wal-Mart) all started their wildly successful brands after they were comfortably along in their lives. Having the experience that comes with age can give you a unique outlook on your business. Life experiences bring depth that the most educated young adult, by his or her nature, is less able to foresee.

9. Build your “A team”.

Finding the skill sets and attitudes that support the culture of the brand you want to promote will foster innovation and enhance your reputation. Include folks from outside the company for the people you rely on. That will start a free marketing chain reaction that can build confidence and revenue.

10. Be mindful of your attitude.

The attitude of the founder will set the tone for the business. Negativity, laziness and entitlement waste time and money while they tarnish your reputation. Success largely depends on making mistakes and accepting blame in stride. Owning up to and facing challenges head-on is what makes a mere business owner a leader.

While all the above tips are necessary for success, taking care of yourself mentally and physically is also imperative. Exercise, sleep and diet play a central role in ensuring you implement these policies successfully. All of them drive attitude, motivation and relationships.

Successful CEOs tend to follow a structured, daily schedule of rising early, exercising, having snacks on hand for fuel and socializing many evenings of the week.

After reading this blog, are you ready to start your financial freedom journey?

It’s never too late to live the life you dream about. Don’t let your fear hold you back. Make the decision today to follow your dream.

 

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