3 Priceless Business Lessons from Successful Entrepreneurs
Everyone needs to be intentional when starting or running any kind of business. Knowing what you want and equipping yourself with the necessary knowledge, skills, and strategy can get you far. Entrepreneurs who have become successful in their trade understand the need to close this knowledge gap, to scale successfully in business.
From our observation of the most successful entrepreneurs, we discovered a common trait that keeps them at the top. And when applied by anyone, it is certain to produce results.
While several insights contribute to most entrepreneurs' success, we have highlighted three outstanding ones in this article.
1. Never stop creating
Successful entrepreneurs are creators. They are constantly in the mode of creating. Either creating a product, service, process, or marketing strategy. They are always creating to add value to any aspect of the business. This mindset is what gives birth to innovation and eventually gives the business or brand an edge over its competitors.
As an entrepreneur, you must embrace this trait. Even when you fail at something, you have only learnt how it does not work. Move on to creating something else. Remember you only need to get it right once. The famous quote by Thomas Edison gives credence to this fact, “I have not failed. I have just found 10,000 ways that won’t work.”
Successful entrepreneurs are creators. They are constantly in the mode of creating. Either creating a product, service, process, or marketing strategy. They are always creating to add value to any aspect of the business.
However, have the mindset of always adding value to your customers. Think value anytime you think about creating any new product, service, process, or strategy. This approach will separate you from others in the marketplace.
2. Believe in yourself
This trait cannot be overemphasized. It is the anchor that holds every other trait. No one will believe in you if you don’t believe in yourself. And even if they do, you are likely to fail or drop the ball when the accolades stop coming, because your motivation is not within. Trust yourself and your intuition, but be realistic with your ideas, resources, and capacity to deliver per time.
After you tick the box of self-belief, be sure to keep learning. Look out for the latest innovation in your industry and equip yourself with the necessary skills to stay relevant.
Self-belief is a major trait of entrepreneurs at the top of their industries today. The likes of Jeff Bezos, Elon Musk, Bill Gates, Warren Buffett, Carlos Slim Helu, Amancio Ortega, Mark Zuckerberg, Michael Bloomberg, Larry Page, Oprah Winfrey and others all have this in common. While there are moments of doubt, they always pick themselves up and move.
3. Build a Great Team
A very critical aspect of any business is having a great team. A great team is priceless. It is almost impossible to build a successful business by yourself. Even at the early stage of your business, you need partners, mentors, and vendors you interact with to get your product or service out.
Learn to leverage the expertise and infrastructures of other businesses. For example, when you need superb payment solutions, take advantage of the several products and services provided by Xpress Payment Solutions.
A great team is priceless. It is almost impossible to build a successful business by yourself.
Some of the products and services include:
XpressPay - A payment gateway for the collection of Payments from customers using cards (Verve, and MasterCard), bank accounts and eWallets without having to redirect customers to another site for payment to be made.
Xpress Agent - An Agency Banking Scheme designed to provide access to financial services to everyone - account holders and non-account holders alike, through engaged agents under a valid agency agreement.
PayXpress - A one-stop Value Added Services (VAS) platform designed to provide customers with easy access to purchase of airtime, Payment of Bills, transfer of funds, set up recurring payments, collections services for Government Parastatals and other Organizations. etc.
Choosing the right team/partners will assist in propelling your business to success, and hiring or partnering with a great team is critical to achieving your long-term goal.