3 Things that Successful Entrepreneurs Understand

Having a gazillion ideas in your head is something that a lot of people aspire to have. As a matter of fact, if you mention to others that you run your own business, they might react with wonder and encouragement.

Yet, one thing that isn't pointed out as often as it should be is how entrepreneurs keep their heads screwed on. How exactly do they not become overwhelmed by all of it? It is because they know they can't do it all.

Having lots of ideas is one thing - attempting to do them all yourself is another. While having other people work for you is a challenge, particularly when you're just starting out and have limited money - it is crucial to understand you can't do everything yourself. Especially if you wanna keep your sanity.

That brings me to the next point. Every successful entrepreneur understands that they have to roll with the punches.

In life and in business, in all its glory and unexpectedness, hands out, or more like throws (for the unlucky ones) curve balls. So, we have two choices - be flexible and overcome it, or strike out.

Successful entrepreneurs understand that outside factors such as the economy, people, and trends are dynamic and changes all the time. The most competent and long lasting entrepreneurs have developed an attitude that helps them grapple with these conditions. Once things don't go the way they planned, they quickly evaluate the situation, concentrate on doing those things they can control, and for the areas of the business that they cannot control, they choose to accept the fact and move on.

The final and third thing successful entrepreneurs understand is they are crystal clear of they want to accomplish.

Every successful business has “arrived” because they recognized what they wanted to achieve. They had a compelling reason to continue going through hard times. This does not mean that they had it easy, nor does it mean that they had a truly defined focus for the business. At one time reality kicks in, and sometimes even the best laid plans get thrown in the garbage. But it was the compelling reason that propelled these successful entrepreneurs to push through and find a way to achieve their dreams.

This compelling reason can be anything that drives you - something you are passionate about. For instance, it could be your desire to change the world and make a difference. Maybe you want to accumulate enough money to provide for your family. It could be the itching desire to leave a legacy for the benefit of your family and community. Whatever the reason, it must be strong enough to allow you with the fuel you will need to overcome the bumps on the road.

In summary, understand that

1. you can't do it all

- build a team

2. roll with the punches

- accept things you cannot control and focus on what you can

3. know what you want and have a reason to why

- "Wanting something is not enough. You must hunger for it. Your motivation must be absolutely compelling in order to overcome the obstacles that will invariably come your way."- Les Brown