3 Habits Of Highly Successful Entrepreneurs.

One of the greatest risks in life is the risk associated with becoming an entrepreneur. This fact is not popular and only a few will care to tell you, but as bleak as it may sound it is a stark truth you should come to terms with.

“Being an entrepreneur is like eating glass and staring into the abyss of death” — Elon Musk.

Matter of fact, 9 out of every 10 startups fail; that is a lousy 90%. And failure, my friend, is terrifyingly crushing.

But it is funny how this risk is both worth it and not worth it. As an entrepreneur you stand the chance of becoming a colossal success, or yet, a colossal failure.

If you want to succeed in the entrepreneurial space, you need to learn to leave the 90% and join the 10% that actually wins. This is the essence of statistics like this. They’re not to scare or deter you, but to push you to work harder, and smarter.

A good way to start is to look at and emulate those who have made it past that vast failing majority; the super successful entrepreneurs who have mastered the craft.

You will learn a lot if you’re to have a close up session with billionaire entrepreneurs, but when these guys are not talking — either in interviews or in books — we learn from watching their entrepreneurial moves and habits. Their smart moves, the not so good ones, and sometimes their outright failures. You’ll learn some of the rarest success secrets from them.

The likes of Jeff Bezoz, Mark Zuckerberg, Elon Musk, and other tech big shots share similar traits which have helped them achieve massive successes in their respective entrepreneurial niches.

Notwithstanding, these traits or habits are not exclusive to them, rather they are such that anyone can learn and practice.

Let’s look at some of these habits

They Don’t Belong In The Box:

The box is where everything normal resides. It contain saturated markets, popular opinions, exploited opportunities and everything accepted as possible. Here there is hardly any room for innovations. It is the typical comfort zone.

We have a natural aversion to change, we cling so tight to the status quo but usually fail to understand that the normal we’ve gotten used to are products of innovations. And when new stuff eventually surfaces, we are quick to buy, test, talk about them with our friends , and to give our honest recommendation.

It is the super entrepreneurs who push further the boundaries of what’s possible, installing new normals and make tons on money watching the people ride on it.

They ditch current normals and seek out new frontiers, and after they claim such lands everybody else gets invited, and they make money watching you and I try to adopt their novel findings, and make it the newest box.

If you can dare to innovate, to push a bit further the envelope of what’s considered possible, to try in a virgin land, there’s no limit to what success you can achieve. Elon Musk did it with Tesla’s electric cars and SpaceX’s space tourism. The Tesla and Space X CEO is currently worth $59 billion, as against his initial worth of $22m in 1999, rolling with the big boys who have long dominated that echelon of ‘worlds richest men’.

They Know It’s Super Okay To Start Small:

The young Mark Zuckerberg started Facebook in his dorm room while in Harvard; Larry Page and his colleague started Google is a garage in California. Almost all the outstanding bluechip companies that we have today started in the most humbling of ways.

It usually begins with a chap, or a group of them, getting excited about an idea and then getting straight to work, sometimes not even knowing how to make money out of it.

The toughest part of your entrepreneurial journey is at the beginning stage, when no one knows you, when things are still looking strange and you need to learn to wrap your mind around your craft. This stage is usually between the first 3, 5, or 10 years of starting.

At this stage you get to handle every detail as it concern your craft. This stage is very significant and shouldn’t be avoided, it calls out your all and helps you set the foundation you need to build that billion dollar business in the time to come.

Many of the tech giants of today started off from downright obscurity to becoming global superstars. Despite the prodigious nature of the corporations that have been built from these once abstruse startups, their journey from unknownness to stardom were littered with expended energy, nights of endless work, and consumed time required to make the actual movement possible.

If you’re in this phase, it’s not because there’s something you are not doing right, but because you’re building something. Keep to it and it’s bound to last.

They Have Staying Power:

Most entrepreneurs readily quit when tides rise and the journey suddenly loses its sunny and rosy look. This part usually take place at the beginning phase of a business.

Low sales, high expenses, managerial difficulties are but a few of these difficulties, they can drive you insane and cause you to consider an alternative. But no beginning is devoid of tough times. It shouldn’t make you quite and change trade.

Staying power also entails not engaging in multiple activities, which you might be tempted to settle for with the mindset of a place to fall back to in the case of a sour first plan. But this will only derail your focus which otherwise is required to be beamed on a specific task, so as to build confidence and competence.

“Behold, the fool saith, ‘Put not all thine eggs in one basket’ but the wise man saith, “Put all your eggs in one basket and WATCH THAT BASKET.” — Mark Twain.

Staying strong to your craft through thick and thin equips you in two interesting ways:

It keeps you focused:

Having many matters to attend to will only succeed in detailing your focus, and draining your energy. The super entrepreneurs understand that regardless of the possibility of starting numerous other businesses, the foremost task is to be grounded in one.

You need to learn how to play deaf to other niches that appear attractive. There’s none that is not arduous. Your success will not depend on the most attractive niche in the market, but on your ability to put your full weight behind the niche you’ve chosen to play in. Causes you to get better:

Time will help you gain competence and become a master. Time will help you understand the trends, the ins and the outs of your craft; Rome wasn’t built in a single day, neither was any startup before, or will there be any in the future.

Staying will take you through turns, ups and downs, and ultimately fill you with priceless experiences you wouldn’t have gained had you switched lanes. There’s a special knowledge you gain from having walked a track long enough.

It’s not up to fate to determine if you’ll succeed. The statistics doesn’t predefine who will win and who won’t, rather it is the things you do, and how you do them as an entrepreneur that’ll determine if you’ll get over to the winning side.

To win at the game, you have to begin at the foundational level, get what is unique and building from the lowest point. Stay strong during difficult times. Difficult times are defining moments, they usually stand at the cross road of success and failure. Pull through them and you’ll find yourself at the winning side.