Important Traits for Successful Entrepreneurs

Being an entrepreneur is a risky endeavor with many gratifying successes, but people have to realize that most startup businesses fail. This means that potential entrepreneurs will need to possess perseverance among most other character traits. Additionally, they need to inform themselves of all the potential ways that businesses can fail, but more importantly, the common characteristics of those ventures that are successful. This information is available in many places, but nothing outperforms the information that can be gained from a personal mentorship from successful people. However, the drive and persistence that is needed to succeed does not often translate into someone with the extra time to coddle a person that is not willing to do the hard work. Marc Sparks has innovated a method by which he is able to place budding entrepreneurs with the type of mentorship in which they would otherwise have no access.

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It is valuable both in progressing someone’s business and as a tremendous time saver. It would take years to gain the experience to produce a business acumen equivalent to these successful entrepreneurs, and this makes Mr. Spark’s program and similar programs essential. While being mentored, the person being mentored needs to focus on the traits that make their particular mentor successful rather than focusing on their mentor’s particular route to success. For instance, people are often surprised that successful people do not work constantly around the clock even if they keep the long requisite hours. Many schedule different diversions throughout the day to avoid burn out, and nobody performs well when they are constantly tired. These breaks also allow people to gain some perspective. Decisions are naturally better after periods of rest or with time off from the task at hand.

Entrepreneurs should schedule their day to have breaks and lunches as well as a set quitting time. Schedules naturally have to be flexible, but burn out is a real issue even when people are in a business that they love. Additionally, entrepreneurs should limit their scope. The old adage about delegating properly holds true. The entrepreneur should be proficient at the whole business, but they should focus on certain critical areas and delegate others. They can exercise control with constant oversight over the delegated tasks. This is not lording over employees especially in startups in which they may not be getting paid yet. It is actually an opportunity to add input and give encouragement. It also allows problems to be discovered swiftly and often in the planning phase before any damage is done. Because of this, the business will be more like a like-minded community with everyone held accountable including the owners while still remaining supportive

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