Liberal economic policies of modern world are generating extremely tough competitions from all sides. Even the developed countries are finding it difficult to survive successfully in the thick jungle of modern business. New businessmen need an elementary knowledge of some traits to carve a niche for themselves. Mainly there are seven traits which help a businessman to fight his daily battles confidently, and hit the targets.
1. USE COMMON SENSE
Common sense means the ability of a person to make right judgments on the happenings he encounters in his daily life. Research by one of the biggest business magazines Forbes has showed that it is the foundation of the edifice of any successful venture. Your common sense allows you to understand the root of a problem and provides you with ideas to solve it. A good common sense develops with the help of your acquired knowledge and experience of life. Strugglers always have better common sense than those silver spoons who get every facility of life in a golden plate. Problems and struggles sharpen the brain of a person and develop his confidence.
2. DEVELOP SELF CONFIDENCE
Self confidence is key to success in any field. It is like lamp of Aladdin that helps you to surmount any trouble that comes to frustrate you in your day to day fight. A self-confident entrepreneur is ready to take challenges and take quick decisions in difficult times. Persons lacking self confidence can rarely succeed in any venture. About 50 percent entrepreneurs abandon their struggle to succeed because they lack confidence in their abilities or winning potential. Self-confidence is a trait that can be gained by self-suggestion or affirmation, knowledge and honing your skills in the profession or trade you are venturing in.
3. ACQUIRE SKILLS
How can anyone expect to win a boxing bout without preparing for it? A hero may pulp down a trained opponent with the shower of his punches in a movie but in real life a novice will start bleeding and leave the ring after a couple of rounds. In a similar way it is easier to enter the ring of business world than to survive the long and bitter fight. This world is albeit more difficult because you have to face not one but scores of opponents – financial troubles, criticism, competitors, sharks of daily crisis etc. So to get victory you need to acquire adequate knowledge, proper training, and necessary skills. Till you have all these don’t dare to enter the business ring.
4. BE INNOVATIVE
Every great businessman is innovative like a scientist. He keeps churning out new solutions to the problems and finds different ways to get the things done and move faster. Hard-headed businessmen who want to do the things with the same orthodox approach may be able to earn good bread and butter but rarely get any remarkable success. Today’s entrepreneurs need a very creative thinking in everything they do – making a business plan, launching a new product, marketing campaign, decision-making, management or public relations. Sometimes one new idea or innovative step becomes a Midas touch for your venture. You can have ample proof of it by reading success stories of Microsoft, Coke, Pepsi, Reliance, Infosys, Wall-marts, MacDonald’s, Nike etc.
5. ADOPT PROACTIVENESS
Politicians often adopt the strategy of blame-game to get public attention and divert the course of action of their opponents. But it proves suicidal in your way to become a successful entrepreneur. That’s the main reason why almost all the politicians fail when they try to venture or invest in business. Successful entrepreneurs never hold others responsible for any failure. They neither indulge in criticism nor get affected by it. Depending on their own resources and capabilities they adopt a very proactive approach. They know that success or failure solely depends on the decisions they take, the moves they choose or the policies they make. Instead of wasting their time in criticism or blame game they think positive and keep their team enthusiastic and even try to win the cooperation of their opponents.
6. GET THINGS DONE
Successful entrepreneurs are also very different in one more approach to success. Instead of wasting their energy in petty manoeuvring or politicking they believe in hard work, persistence and self-discipline. Without having this approach no one has ever achieved goals or enjoyed lasting success till date. The person who develops the ability to get the necessary things done without any hesitation can never be doomed to failures. And he also springs up fast from temporary failures. Such entrepreneurs prefer work to leisure and they are always ready to take up a boring job for the benefit of their business rather than indulging in fun providing activities like common men (watching their favourite TV serials or movies, turning over the pages of fun magazines, relishing dishes or commentaries of games etc.). When most of the persons are at home or with their friends to have fun of burning money and time the entrepreneurs may be sweating it out to get the necessary things done. Their work is their real fun and relaxation.
7. BE A GOOD CAPTAIN OF YOUR TEAM
Every successful entrepreneurs have actually two families – one at home and the other at the working place. Employees are like family members for them. An entrepreneur is a friendly and motivating captain of his team who shares the joys and sorrows of team members. He knows how to keep his team always in a high spirits and leads them to victory. He is aware of the fact that different members have different roles to play and only their joint efforts can achieve goals or clinch a victory. Ignored or untrained members in the team can cause problems or dampen the team spirit so essential to win.