10 Myths Successful Entrepreneurs Follow
From foolproof planning to perfect organization and routine controlling, there are a number of timeless principles you have to follow in order to get success in your entrepreneurial journey. Read on to know some of the biggest myths that successful entrepreneurs generally follow to achieve their goals.
Myth#1 – Play Your Strengths
If you want to be really successful as an entrepreneur, this myth says, you should focus on a single niche or business area you’re passionate about. You should play to your strengths and work to strengthen your expertise in that area exclusively. While many people believe that you should not close yourself off from other fields that might get you more results and rewards, if you build your team and hire the right people for the right job, you’ll have incomparable success and that too without putting your business growth at stake.
Myth#2 – You Have To Be a Perfectionist to Achieve Your Goals
Being a perfectionist is believed to be a praiseworthy trait among professional industry specialists and high-achievers. And being a perfectionist generally go well with being a workaholic. In order to achieve unparalleled growth and success, you have to devote your time, effort and interest and if you’re not willing to do that, then you must not want it badly enough. Make sure you set a bar so high that it will become impossible for your competitors to outperform you in your relevant field. No, that doesn’t mean you don’t spend time on yourself, but you must learn to balance your personal and professional life if you want to excel and succeed.
Myth#3 – Always Hire People Better than You
Let’s face it, you can’t get your set objectives within a vacuum. If you’re really serious about being successful in your entrepreneurial journey, you have to build a competitive and experienced team with similar passion and interest as yours. We recommend that you recruit employees who either acquire the same skillset as yours or better. This way you would be able to attain your long-term objectives quickly and will likely expand in a shorter span of time.
Myth#4 – Build Your Community
One of the most interesting things about being an entrepreneur and working in a business world is ‘customer’. While you should do whatever in your capacity to make your customers happy, it’s equally important to focus on establishing a community that admired and loved to communicate about your business. Take it as an opportunity to learn from them and discover the areas that need improvement. Knowing your weaknesses and strengths will help you better satisfy your target market.
Myth#5 – Money Should Never be the Ultimate Goal
While working as an entrepreneur, it’s very easy to fall into the trap of believing that your achievements and happiness are linked with the amount of money you have. We generally measure our success by the number of zeros we have in our salary. But, considering money as an ultimate source of happiness is certainly the saddest myth of all. Remember – its people who will add value to your life and money is just a source of providing comfort for yourself and your loved ones.
Myth#6 – You Should Learn to Accept Failure in Order to Succeed
Failure is inevitable. Yes, you heard it right. We all fail at some stage and entrepreneurs are obviously not an exception. Making mistakes is a part of the process and you must learn to constantly improve yourself based on your failures and mistakes.
Myth#7 – You Can’t Please Everyone
If everybody loves you, something is wrong. The purpose of your existence is not to please everyone. In fact, you must have some competitors or enemies to keep you alert. Instead of making everyone happy around you, try to pay attention to your own resolution so that you can focus on your goals and objectives.
Myth#8 – Happiness Takes Work
Happiness is an outcome of your own efforts and hard work. In order to achieve lasting success and happiness, you have to strive for it. Happiness is something that comes from your own actions. Successful entrepreneurs generally follow this myth and plan accordingly to achieve their goals. So, if you’re also on the lookout for ultimate happiness and pleasure, you have to contribute positively so that you can get the most out of your business.
Myth#9 – Success is ‘having it All’
Absolutely! Success is a broad term and comprises many elements including your physical, mental, financial, societal, spiritual and emotional achievements. As mentioned above, it would be a total loss if you relate your entrepreneurial success to monetary rewards only. Being an entrepreneur is a painstaking journey. It’s a process that helps you become a leader and not just a successful businessman. What sets successful entrepreneurs apart from common businessmen is his or her approach and attitude that distinguishes them from the others. So, strive hard to achieve success in all aspects of life instead of keeping your motives to moneymaking only.
Myth#10 – Expect Success and It Will Come
‘You have to want it to make it happen’. It’s all about passion. You need to have that vision and burning desire for your life goals and objectives. Get busy, get going – that’s what successful entrepreneurs do. Set the discipline of doing something every day that will keep you moving throughout the year.
Entrepreneurial success is not possible without constant handwork and struggle. No matter whether you establish your startup in your home country or acquire a UK entrepreneur visa to start your business in the UK, by following these proven myths, it will become easier for you to push your dream towards long-term success.
Kazim Raza Sayani is the Digital Marketing specialist and a content marketing strategist. He has been helping businesses to grow the next level.