2. VISSION
• You have a clear vision as to what you want to
achieve, how you can accomplish your objectives,
and whom you need on your side to reach your
goals.
• Entrepreneurs often have a clear vision of what
they want to achieve and are capable of
envisioning future possibilities
• Every business begins with a vision, which outlines
the desired direction and goals of the company.
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3. VISSION
• While a mission statement defines the business
objectives and strategies
• A vision statement articulates the ambitious goals
that the organization aims to achieve.
• A vision statement serves as a declaration of the
company's future aspirations and provides a sense
of direction for all involved.
4. 2 MOTIVATION
• Entrepreneurs are inherently driven
individuals.
• They invest significant time, effort, and
resources into their ventures, often
sacrificing personal comforts for the sake of
their dreams
5. MOTIVATION
• Despite the uncertainty and potential for
failure, they remain undeterred, fueled by a
deep-seated motivation and unwavering
focus.
• Their drive goes beyond mere financial gain;
it stems from a desire to share expertise,
lead in their industry, grow personally, and
make a positive impact on the world.
6. RISK TOLERANCE
• The saying "No risk, no reward" holds true in
the realm of entrepreneurship.
• When starting a business, the potential
rewards, such as profit and independence,
often come hand-in-hand with the risk of
failure and the accompanying personal and
financial setbacks.
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7. RISK TOLERANCE
• Successful entrepreneurs acknowledge these
risks but possess a certain level of risk
tolerance, allowing them to make calculated
decisions and navigate uncertainties effectively.
• For instance, some start their ventures as side
projects before committing full-time to mitigate
financial risks and test the market viability of
their ideas.
8. 4 INNOVIATION
• Innovation is key to keeping a company moving
forward and keeping its line of products and
services fresh.
• You need to be able to identify new goods and
services to sell, but you also need to be able to look
at your existing offerings and find ways to improve
them, use them for the basis of a spin-off, or find
more efficient ways to produce and deliver
9. INNOVIATION
• To increase motivation, you can start by setting
small goals. Small goals can help you reach larger
ones and encourage you to aim higher.
• Recognize the work already accomplished and
celebrate your results, even minor ones. Also, keep
a positive mindset.
• Turn your mind away from negativity and daily
obstacles to focus on what you want to achieve and
the positive aspects of your life.
10. 5 DISCIPLINE
• When you're starting a new business, there
are times when you might feel tired or not
really motivated.
• But to succeed, you have to keep going even
when you don't feel like it. That's where
discipline comes in handy. It's like sticking to a
plan, even if it's tough
11. DISCIPLINE
• Take Sarah Paiji Yoo, i.e, She needed discipline
to find the right partner for her new business,
Blueland
• To build discipline, it helps to establish good
habits. You can do things like writing down
what you want to achieve, making a schedule,
or exercising regularly. And when things get
tough, it's important to keep trying until you
reach your goal.
12. 6 SELF-CONFIDENCE
Entrepreneurs have a strong belief in their ability
to achieve their goals, even when doubts creep
in.
They persist through challenges because they're
confident they can create something better than
what currently exists.
13. SELF-CONFIDENCE
• Self-confidence is crucial because it boosts
morale, making it easier to tackle obstacles,
take risks, and maintain persistence, all of
which contribute to overall success
• Without confidence or self-belief,
entrepreneurs cannot possibly succeed.
They have to be confident both in
themselves and in the products or services
they sell
14. 7 ADAPTABILITY
• When they start a business, entrepreneurs
often need to multitask.
• Flexibility in your schedule, as well as in your
thinking, is crucial to continue growing in
challenging situations.
• Adaptability is an essential personality trait in a
world of evolving business practices and
changing consumer trend.
15. ADAPTABILITY
When entrepreneur Mike Salguerd realized one
of his businesses wasn’t finding success, he
noticed a different opportunity in the
marketplace—shipping high-quality meat
products through a subscription model—and
launched ButcherBox. “Try to deconstruct things
and don’t just use the playbook everyone else
has, but really come up with your own,” he says.
16. 8 LEADERSHIP
• Entrepreneurs are often seen as natural-
born leaders due to their innate ability to
manage human capital effectively.
• As their businesses expand,
entrepreneurs recognize that they can't
handle all tasks alone and must bring on
employees to handle certain
responsibilities.
17. LEADERSHIP
• When entrepreneurs delegate tasks, they
demonstrate their trust in their team and
inspire confidence in their decision-making
abilities.
• Employees feel valued and motivated to
contribute their best efforts, knowing that their
work contributes to a larger vision.
meaningful.
18. 9 CREATIVITY
• Creative entrepreneurs find inspiration or
use their imaginations to solve problems—
often with limited resources.
• Becoming an entrepreneur starts with an
idea. You need to see opportunities, find
innovative ways to do things and bring
solutions to the public.
19. CREATIVITY
• To improve your creativity, develop habits
that support the creative system. Think
about what makes you feel creative, such as
music, meeting people, reading or some
other activity.
• Dedicate a specific part of your day to finding
inspiration for new solutions.
20. 10 ATTENTION TO
DETAIL
• Paying attention to detail is crucial, especially
in a crowded market.
• Entrepreneurs must focus on how their idea
addresses a specific problem, what unique
features set them apart from competitors, and
how they anticipate and fulfill customer needs.
21. ATTENTION TO
DETAIL
Little Chonk founder Bryan Reisberg conducted
market research and was obsessive over every
detail of his prototype during product
development. It was his goal to address what
was missing from traditional dog carriers. “We
tested with people in the wild. We did product
testing overseas to make sure that it was safe
and it was comfortable. We asked people’s
opinions,” says Bryan.
22. 11 CURIOSITY
• Curiosity is one of those entrepreneur
characteristics that drives them to figure out
the whys, whats, and hows of running a
successful business
23. CURIOSITY
• They understand the basic framework of
building a business and the need to operate
within the parameters of that framework,
but they also look for ways to set their
business apart from the rest.
• That requires an ability to step back and look
at the bigger picture of running a business in
order to find new opportunities, expand
existing processes, and explore different
markets
24. 12 PASSION
• Passion is what drives entrepreneurs. They
usually love what they do, and this helps
them invest their time in their projects.
• Many successful entrepreneurs start their
own business from a passion. Whether that’s
a profitable hobby, a unique idea, or a drive
to make change, passion drives
entrepreneurship.
25. PASSION
• A good payday at the end of the tunnel is
good for motivation, successful
entrepreneurs tend to be more driven by a
passion for their offering as well as by a
desire to make a difference. This passion or
drive also helps to sustain entrepreneurs
during periods where discouragement might
otherwise manifest itself.
