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Successful Entrepreneurs’ Keys to Entrepreneurial Success

What’s the difference? What is it that really separates the wheat from the chaff (to borrow a phrase) in the world of business? What are the factors that account for the fates of the failed startup, the modest local business, and the ultra-successful trend-setting entrepreneurship?

Is it support? Drive? Knowledge? Marketing? Luck? All of these? Probably yes, as a matter of fact, but it’s instructive to get the insight of one who’s done it and find out how.

I’ve scoured the web for such insights and have come across a few that would seem to combine to construct a wholistic philosophy on how to make a business dream come true. Here are a few of my favorite points:

Entrepreneur and influencer Neil Patel says (Nos. 4 & 6 on his list at https://neilpatel.com/blog/become-successful-entrepreneur) to take the right risks in order to reduce decision-hindering fear that inhibits your new company from taking the bold direction it should.

Entrepreneur and cosmetics mogul Barry Beck says (No. 8 on his list at https://wwd.com/beauty-industry-news/beauty-features/bluemercurys-barry-beck-on-being-a-disruptor-1203099169/) that a supportive family environment is essential to the stability an entrepreneur needs to be laser-focused on their goals, thereby increasing the likelihood of success.

Entrepreneur and motivational speaker Vusi Thembekwayo says (No. 2 on his list at https://www.news24.com/SouthAfrica/Life/vusi-thembekwayos-top-tips-on-how-to-be-a-successful-entrepreneur-20190523) that the mindset of the entrepreneur is not the same as the mindset of the self-employed, for the entrepreneur creates a company construct which becomes a self-sustaining business concern, while the self-employed person is required for there to be any business at all.

There are several qualities that separate the great from the good from the not going to make it, but there is no one formula of qualities that guarantee a new business’ success. What does matter, it seems, is knowing what you want to achieve, how you’re going to achieve it, then not resting until you do. That seems to work best.