6 Skills Mastered by Successful Entreprenuers

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Creation, at its core, is an act of faith—a commitment to a dream of the future. All of us hold within ourselves the potential to become creators. The expanding universe of entrepreneurship provides infinite pathways for us to explore, if we dare.

Entrepreneur_SkillsLook at the world around you. It’s a world that’s perpetually changing, perpetually being made.

You have to believe you can be successful. You have to believe that uniqueness matters.

You need conviction that you can build things and change things and improve people’s lives. If you are an entrepreneur, you are a creator. And in order to become a successful entrepreneur, you need to do the following:

1. Find the Gap

By staying alert, creators spot opportunities that others don’t see. They keep their eyes open for fresh potential—a void to fill or an unmet need.

Creators tend to use one of three distinct techniques:

•  Transplanting ideas across divides: Example – taking the coffee shop concept and integrating it in the United States and naming it Starbucks

•  Designing a new way forward by flipping the board over: Example – SpaceX making space travel affordable by compressing the cost of everything; and

•  Merging disparate concepts: What happens when you combine the words fast-food and great food together? Chipotle rose from this concept and named it fast-casual.

2. Drive for Daylight

Just as racecar drivers keep their eyes fixed on the road ahead, creators focus on the future, knowing that where they go, their eyes go first. In other words, creators move too fast to focus on the small problems. Instead, they focus on the horizon.

It is important to remind yourself of your vision and why you are doinghome based business what you do. Map the road ahead to know where you want to go.

Seize the wheel, have your eyes focused ahead, and weave around the potholes of naysayers and distraction.

Creators have only one objective: success. And nothing will get in their way.
Tip: Focus on what is left or needs to be done rather than focusing on what you have already accomplished. People who think about how much further they have left to go are more likely to crush their goals compared to people who are focused on what they’ve already done.

3. Fly the OODA Loop

Creators continuously update their assumptions. In rapid succession, they observe, orient, decide and act. Creators move nimbly from one decision to the next. Rather than waiting for everything to be perfect, they take actions, lead experiments and close the gap in the process. They don’t spend endless time waiting for the perfect timing or creating the best prototype. Creators master fast-cycle iteration to gain an edge over less agile competitors.

Observe, Orient, Decide, Act. Then repeat.

Tip: You must find a wingman to help you get what you want. And this isn’t about picking up girls. “Startups are not driven by just one person. It’s a team effort and you have a lot of ups and downs, so how people stick through it matters” says Peter Thiel, co-founder of Paypal.

You must find a support group who can help you rise to the top—a mentor, a coach or a friend who gets you. Mix them all together and build your own dream team of success. Be clear with what you want and be careful with whom you spend your time.

4. Fail Wisely

Creators understand that experiencing a series of small failures is essential to avoiding catastrophic mistakes. In the course of mastering this skill, they set failure ratios, place small bets to test ideas, and develop resilience.

No one on Earth has ever had a 100 percent success rate. And 99.99 percent of the world is frozen by the fear of failure.

Failing is normal but we tend to hide it. People are rewarded in public for what they have practiced in private. We don’t see the years of tears and blood that have been shed on the battlefield.

No one is going to escape from it. What we can do is acknowledge it and use it as leverage to build our success story. Some fail early. Most fail often. Almost all of us will fail again. But something deeper occurs as a result: Failure provokes learning. Isn’t the biggest failure of all time refusing to try?

5. Network Minds

working from home as a entrepreneurTo solve multifaceted problems, creators bring together the brainpower of diverse individuals.

It’s a lot of mashing and smashing and getting people to map out every single part of any particular product while identifying friction points and thinking of ways to resolve them.

Become a T-shaped person rather than an I-shaped. Those with depth in a certain area as well as breadth and curiosity speak the language of another discipline.

I-shaped experts have expertise in one field, whereas T-shaped people may be analytically focused on one area, but are open enough to integrate other points of view. This synergy of different mindsets will bloom into a unique and beautiful lighting of ideas.

6. Gift Small Goods

Creators unleash generosity by helping others, often by sharing information, pitching in to complete a task, or opening up opportunities to colleagues. Offering kindness may not seem like a skill, but it provides countless value when that creator strengthens a relationship.

Most people misunderstand networking because most of the people who describe themselves as networkers are only interested in receiving information or opportunities.

Focusing on how you can help others around you has mammoth benefits for you. Ask yourself: How can I provide value in other people’s lives? It is common sense, but how often do you actually do it?

Creators tap these six essential skills to start successful entrepreneurship. Each skill is useful on its own, but each one also sustains the others.

Amy Wilkinson heavily underlines how these aren’t rare gifts or slim-chance talents. They are accessible for all of us. Each skill can be developed and cultivated.

Once you know the code, you can start shaping it and using it.

 

 

Article curated from MOBE

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