Are you prepared to start your own business? Even if you believe you know the answer, there are still ways to be certain. You have two options: jump right into a new business and see what happens, or discover the characteristics of successful entrepreneurs. You will save time, money, and wasted energy if you choose the second alternative.
You can finally question yourself, “Am I willing to do what successful entrepreneurs have done?” once and for all.
SUCCESS People Editor Tristan Ahumada talks to Grant Cardone, CEO of Cardone Enterprises and Cardone Capital, about what makes an entrepreneur successful in this episode of Brilliant Thoughts. Cardone is the owner of seven businesses and the manager of a $2 billion real estate portfolio.
He learned important lessons about achieving success along the road, which he shared in his best-selling book, The 10X Rule: The Only Difference Between Success and Failure.
Successful entrepreneurs, according to Cardone, have three distinguishing characteristics. Continue reading to find out what they are and how to create your ideal life.
1) They Understand How to Come Together in the Centre.
Entrepreneurs that succeed understand that life is about more than achieving their objectives. Every day, millions of people strive to make a better life for themselves. We all desire the same thing but in our own unique ways.
That is why entrepreneurship is based on assisting others in succeeding. Everyone has objectives, but who will be brave (and kind) enough to help others achieve their objectives first?
This is referred to as “meeting in the middle” by Cardone. It’s something he does with his wife, Elena Cardone, who is also very busy.
She’s a writer, a businesswoman, a public speaker, a producer of events, and so much more. Compromise is required to ensure that they can both pursue their aspirations.
In business, it’s the same. When people work together for a common purpose, the best results are achieved, and sometimes that requires negotiating. When you form a partnership with another company, you must agree on conditions that are beneficial to both parties.
If clients say they like your product but find it tough to use, make improvements to meet them halfway. Meeting people in the middle, whether they’re clients, coworkers, or friends, can help you go ahead faster.
Here are three stages to obtaining what you desire by providing for the needs of others:
- Recognize that each person has a life plan.
- Make a common aim your relationship’s bond.
- Don’t expect anything in return when you give.
2) They are Unafraid of Taking on Responsibilities.
The majority of people see entrepreneurship as a path to wealth and freedom, and they are correct. Some employees seek an alternative to working 40 hours a week for compensation that doesn’t grow fast enough. They are under the impression that they will require more resources as they start children and establish their ideal lives.
But that’s only one side of the coin. People who just want to work for themselves are on the other end of the spectrum. They’re sick of taking orders, and entrepreneurship appears to be a viable alternative.
“I believe that many businesses and solopreneurs are attempting to avoid taking responsibility…. “‘I’m going to work for myself,’ you say. “It’ll be a lot easier,” Cardone says. “This isn’t going to be easy. If it’s going to be simpler, then it’ll be a failure.
Self-employment is a job, not a business…. You’re always trying to solve someone else’s problem, to serve someone else, to help someone else.”
Related: 8 Valuable Lessons For Entrepreneurs
If you’re rushing from 9 to 5, you’re probably not looking at the following stage, which is:
- Going into debt to establish a business is a possibility.
- Working more than 40 hours a week to ensure the success of your business
- Having twice as many responsibilities as you did at your previous job
- These developments are welcomed by successful entrepreneurs. They have the power to unlock your best life, but you must accept responsibility for it.
3) They Have Figured Out How to Get Out of a Rut.
When things aren’t going well, it’s easy to feel burned out, whether you’re an employee or an entrepreneur. But whence does that sensation originate? Is it because you’re exhausted and overworked, or because you don’t feel engaged in your work?
“I’ve been in ruts where I believed I was burnt out because that’s what our society calls it,” Cardone says. “I’ve never genuinely gone out of business.” I’ve been rutted out for a while now. I’ve done it so many times before. Even though it would be very intriguing to others, it is no longer interesting to me…. “This isn’t a test.
Looking to the future is the only way to get out of a rut. It’s fine if your life and business aren’t progressing as quickly as you’d want. At the very least, you’ve acknowledged the issue. You can now begin working on the solution by asking yourself, “What’s next?”
Everyone’s answer will be different, so think carefully about what you desire. A new beginning is always enticing to Cardone. He enjoys the thrill of launching a new business and having to prove himself all over again.
The uncertainty of whether he will win or lose fires him rather than extinguishes him.
Entrepreneurship is built on the ability to solve problems, accept responsibility, and overcome obstacles. Start forming those habits today, and starting and growing a business will be much easier.