Are We Born Entrepreneurs?

January 11th, 2008

As I sit here waiting for a video interview to upload I began wondering about whether or not everybody and anybody is fit to be an entrepreneur. Most people would react harshly saying that it would be foolish to suggest that anybody can be an entrepreneur. Let’s be honest though and explore this question a little more. As far as I am concerned, the number one difference between an entrepreneur and an employed individual is the entrepreneur’s choice to no longer work for someone else. Granted, there are prerequisites to successfully entering entrepreneurship.

One of the primary prerequisites for becoming an entrepreneur is sufficient demand and a cash cushion that you can tap to support yourself for a period of time. Additionally, if you have childred and/or are married it will be much more difficult to pull it off but it is still possible. Many of the people that I surround myself with are entrepreneurial individuals. Some of them are more successful than others but ultimately one person after another that I know has decided to start working for themself. This has forced me to question whether or not anybody can do it. I don’t think that everybody wants to be an entrepreneur as most people are risk-adverse.

Given the right circumstance though, I think the majority of individuals would quit their job to go work for themself full-time. Entrepreneurship is ultimately a human desire that most people share. While I wouldn’t go so far as to call it a need that fits within Maslow’s hierarchy, I do believe that we are born with the entrepreneurial gene inside of us. At some point in our lives we either dismiss of embrace our entrepreneurial desires. Most people dismiss it but a little piece of their entrepreneurial desires will always remain and can be tapped at any point during their life.

I know this haven’t embraced scientific methodology to support my hypothesis but hey, I don’t need science to express something that I feel. Do you think we are all naturally entrepreneurial? Is it something that some of us are born with or is it something that we try to supress as we get older and acquire new responsibilities?

Happy New Year

December 31st, 2007

I’m preparing to go out for my new year’s evening and I decided that now would be a great time to write a post. It’s especially a great time since I haven’t been writing on this blog for a while now. I am not gone, just focusing on my many other sites. I have to say that, as I wrote in my previous posts, it became pretty overwhelming. It still is pretty overwhelming now that I brought on my first employee and now have responsibilities that are not only to myself. I hope to be able to look back on this year and say that all the effort that I end up putting into The Social Times was a smart move but even still I am a little skeptical.

I guess you are always skeptical of the future as an entrepreneur but you believe with all your soul in what you are working toward. The past year has been incredible for me with the launch of AllFacebook.com and the success that it has brought. I have now spoken at conferences on panels with people that I learned about only a year ago and aspired to become. I’ve received some press coverage and I’ve built a business that has sustained a decent lifestyle for at least a few months. I thank all of my readers for helping me out in some way or another. Whether or not you know it, you have helped me to become who I am today.

Next year will be incredible. I will either continue to build something incredible or fail completely for the first time in my life. I have never gone for broke with a business and this is the first time that I have had the confidence to do so. I promise to my readers that next year I will be documenting much more of this process on this blog. I have neglected it over the past couple months as things became overwhelming but suddenly I have found some relief in my new hire. Hopefully we can generate sustainable revenue for the early life of the business. I don’t think I have ever been so afraid yet so hopeful at the same time.

It is truly a complicated emotion. Whatever the case, I will be more transparent and communicate what is taking place with my business on this blog over the next year. That is one of my new years resolutions. I wish all of you success and great health over the coming year. I have a feeling that 2008 will be incredible.

Burnout May Be Inevitable

November 14th, 2007

Today I have really come close to hitting my breaking point. Over the past few months, I have been working harder then I ever have in my entire life. There have been no vacations. Just work with the occasional party with friends but honestly it has pretty much been just work. I frequently stay up until 2 am and then start again the next day at 8. I stupidly accepted a large development contract with a client (although not completely dumb since some extra money is always nice) and now have to do development in addition to maintaining my daily blogs.

While I know that I could probably take a couple vacation days from the blog, there has been this burning feeling inside of me that really make me feel like I’m getting close to my goals with this new company. The funny thing is that I just started. I am about to begin travelling around the country to host events and all this came out of a simple vision. I know it is feasible but I’ve begun to second guess a lot of my decisions. One of those being the decision to wait for investment.

My inbox is a streaming flow of data that is almost as challenging as my RSS feed reader. Ultimately, I should take a lesson from the 4-hour work week and turn off my blackberry and try to limit email to certain hours of the day. Regardless of all the problems, I have to tell you what just happened to me. As I’m feeling like I’m ready to break, I log in to this blog to write to the world what’s going on in my life. The first thing that pops-up to me is a link that says “Just Be Strong” It was like the message was talking to me. It was a backlink to my blog by an individual who’s trademark lawyer will now be attending my Social Times launch event. Here is one excerpt from the post that Mike Bonifer, author of the book “Game Changers” wrote:

Social networking creates endless opportunities for strong choices, for letting others in your network know where you stand. Whether you’re putting a new app on Facebook or launching a shop in Second Life, strong choices stand out. So take it upon yourself to be like Nick O’Neill, whose self-funded, soon-to-launch new venture, Social Times, I just happened to link to today — and now my trademark lawyer will be attending his launch party in D.C. and the network will extend, and new wealth will surely ensue. It happens just like that when you make strong choices. They have a magnetic effect on your audience, including those who will become your customers.

Included was a copy of my Facebook picture. I have never had something like this occur but let me tell you that Mike Bonifer just made my day. Just when I thought that I am the crazy one for working so hard, Mike helped me out. While I still may come to that breaking point and while I know that I will start needing to make quicker decisions, I at least know that I’m learning. I only wish the same for each of you because learning is the most important thing around. Also remember, never settle for good because you can do much more than that. Eventually, it will all work out as long as you believe it will happen.  Burnout may eventually happen but given that passion is the fuel for the fire, I’ve got a long way to go.  Thanks Mike!

Amazing Dinner!

October 31st, 2007

I just returned from an amazing dinner with some insanely inspirational people. I had the opportunity to sit, eat and chat with Om Malik, Frank Gruber, Ryan Carson and his wife, Brian Williams, Gary and AJ Vaynerchuk and Gary’s wife, Tim Ferriss, the organizers of the New New Internet Conference, James Surowiecki, Rohit Bhargava and a number of other highly inspirational people.

I have never had the opportunity to sit down and chat with such a world class set of people. The best part about it was chatting about the future of the web and the amazing opportunity that is still available to all of the people that choose to be part of the industry. I am extremely grateful to have had the opportunity to sit and chat with these individuals. I wanted to share with all of you some of the lessons that I learned in the brief discussions that I had with this dynamic set of individuals:

  • 99 percent of people aren’t going to try as hard as you will. If you truly have that burning desire, anything you want is within reach if you are willing to work for it.
  • Link to the people that you aspire to be and eventually they will begin to pay attention to you. If they don’t, do whatever it takes to make sure that they do.
  • Your blog titles may be the most important thing when writing an article.
  • No matter how successful you become, always be willing to help others. It will come back to you a million fold.
  • Try try again. On the web, there is so much opportunity that not a single one of us can pursue all of the things we want to try. If the first thing you launch doesn’t work, launch something new; eventually something is bound to work.
  • When you finally figure out something that works, start monetizing it immediately. Many people fail because they don’t successfully monetize something that is already working.
  • As Napoleon Hill says, you need to work yourself into a white heat of desire. Be extremely passionate about what you are doing.
  • Finally, pick one thing and conquer it. Spreading yourself thin will only result in disaster.

I cannot express enough thanks to Frank Gruber who informed me of the pre-event happy hour. Thank you so much! I’m looking forward to the conference tomorrow. I hope to be posting about it either on this blog or on AllFacebook tomorrow.

You Need a Team

September 4th, 2007

Napoleon Hill nailed it on the head when he said that you need a “Mastermind Group.” Without a dynamic team that can help substitute your weaknesses and highlight your strengths, you are pretty much lost. That’s where I’ve been recently.

I have been an individual for a long time and in the past couple weeks I have been probing to find the team that is right for me. I have found a couple of options but I have narrowed it down to two. I am going to have to go with one of them but at this point it is up to the other teams to decide.

Alone you are practically nothing. Together, you can conquer the world. I am looking forward to conquering and I hope that I don’t have to build my team from scratch. That is the last resort for me. I have promises to clients and I need to continue delivering. While much of this may not make sense to you given the lack of insight that I have provided, I can say one thing: assemble a powerful team.

That team is going to be the basis for your future. That future is not days, weeks or months, but years. Choose your team wisely and you will reap the rewards, choose your team poorly and you will go down in flames. I pray that the former is what happens to me.

You Thought I Was Gone

August 28th, 2007

So I haven’t posted anything for weeks! I apologize to all of my readers. The past few weeks have been absolutely ridiculous. I have been working 17 hour days and there still is no end in sight. I have officially launched Social Interactive. The company was founded for the purpose of developing custom solutions for organizations looking to leverage social networking to expand their brand. Thanks to Facebook there are now a ton of companies looking to expand their brand.

Now that I have tapped the right niche, I am in dire need of support. I feel like I was in front of a giant crowd all of whom were asking for Facebook applications. I came along, raised my hand and said, “I can build them.” The crowd has now just stomped all over me like a stampede and they all want their apps now.

While that is not a bad problem it is extremely challenging. For the time being, this blog is going to document my adventure in startup world as a webpreneur. Ultimately, that is what I intended to do from the start but my initial attempt at jumping into the startup world was met with failure. Wasn’t the first time and surely won’t be the last but it’s time to see where this one goes. I will be sure to document all the lessons learned so feel free to join me on this journey. The first week has been filled with tons of lessons. I will be sure to start sharing them with all you. For now, I will leave you with two pictures. One is of my desk after a nightmarish few days. The other is of a desk for my first employee that will be joining me by next week. I’ll let you guess which one is which.

Nick's desk

Co-worker's Desk

The One Sign of a True Entrepreneur

July 25th, 2007

If you want to know what differentiates successful entrepreneurs from the rest, I can sum it up in four words: they bust their ass. Thomas Edison said that genius is 99 percent perspiration and 1 percent inspiration and boy was he right. I have been experiencing this in a big way with my other blog. As you already have noticed (and as I keep saying), my posting frequency has taken a hit since I’ve started AllFacebook.com. My total net output though has increased 5- to 10-fold. I am churning out at least 4 articles a day and often times 6 or 7. I also have a full time job which cuts in to my blogging time. The new post frequency is a significant change from this blog. I’ve read elsewhere and now can speak from experience when I say that there is a direct correlation between posting frequency and amount of traffic. At a certain point this correlation becomes weaker but it definitely exists. Anyone that can be a successful blogger, can be a successful entrepreneur. The sheer number of unpaid hours that you will spend in the first 6 months of building a successful blog can be daunting but a clear vision and the belief that there is a reward in the end is all you have to keep you going.

I have yet to receive a significant payout from my new blog but I have entertained a number of offers. This is the only thing that makes me think that my new blog has a chance at greater success. Will it become the next TechCrunch or Mashable? Who knows. Do I care? Not really. I will keep staying up until 1 or 2 AM just so my readers have something to fill their time with the next day. I believe that this dedication will somehow reap rewards through building relationships, increasing client referrals and building name recognition, but I don’t know how quickly all this will happen. All I know it that it will. I read in Napoleon Hill’s think and Grow Rich that one of the key components of becoming successful is having an unwavering faith that you will succeed. He was right. So for all of you that have an idea that you want to have materialize, start working on it. All you need is the willingness to learn how to get where you are going and unwavering faith. That’s it. I know you can get there and I know you will. You might not get there on the first go around but if you keep that vision close I know you will get there. Best of luck! I will see you at the finish line!

Following Your Passion & Seizing Opportunity

June 15th, 2007

Over the past few weeks life has become insanely hectic for me. Most of this has been due to my new AllFacebook blog that I keep going on about. Why do I keep bringing it up? Well, I’m spending close to 3 hours a day (if not more) finding out what’s going on in the world of Facebook. Two weeks ago I found an unfulfilled niche and decided to start filling it. Is this how a true entrepreneur should act? Yes and no.

Given that I don’t have any other ventures actively going on (aside from my random ramblings in this blog which will definitely not bring me in much money), I decided to seize the moment. So yes, an entrepreneur that is finding their way should try to seize the moment and act on an opportunity that they find. Especially if that opportunity is within reach. Conversely, if the entrepreneur is wrapped up in their own business, running on to the next thing is an endless cycle that will destroy all possibilities of success.

With the new Facebook development platform, I am watching entrepreneurs cringe. They are trying to decipher what really lies behind the new platform and whether or not they should act on it. While there are those that will get rich off of the new platform, switching paths and moving all resources to the new Facebook platform will be a losing strategy for most people. For most businesses, the new platform will provide a new advertising vehicle and just that. For the select few that are quick to move (and are moving now), there will be lots of money to be made. For the remaining, seeing the new platform as anything more than an advertising vehicle will be disastrous.

The bottom line is know what your vision of your company is. If you don’t currently have an existing company that you are dedicated to, try to seize any opportunity that you see and are passionate about. Just be prepared to dedicate a hell of a lot of time. Without passion, you will soon meet defeat as eventually you will begin to question why you are spending so much time on your project. Just remember, do not completely stray from your vision when someone comes in and rattles up the marketplace. While change happens fast, revolutions take time.

The Brain of A Confused Entreprenuer

May 4th, 2007

Over the past couple days I have been facing an increasingly problematic issue. I have had too many ideas about businesses to launch. In one week I have come up with four ideas that I think are feasible business ideas. Each one has its ups and downs but I think they all have the potential for future cash-flow. I’ll share the ideas with you to see what you think. Maybe you can shed some light. Initially I figured that I would keep these to myself, but now that I have so many ideas, there is no point in keeping all of them a secret any longer.

  1. Confrenzy - Confrenzy is a blog that covers all issues related to conferences. The target market is people that enjoy attending conferences, as well as those that want to become organizers. I would attend conferences to do live blogging at the events as do interviews with conference organizers to learn about the challenges they have faced and the most rewarding aspects of the job. Revenue would be generated via advertising from conferences as well as companies that promote to the event industry. My personal goal with this one was to get paid to meet people.
  2. E-book Package - I mentioned this one in a post a couple of days ago. I have yet to reveal all of the details. The main concept here is to produce an in formative e-book/video package and successfully market it to the target niche. I came up with the idea while reading “The 4-hour workweek”. My personal goal with this one is to generate some extra cash flow on the side. Setting up an effective e-book marketing program takes a little time but is highly automated.
  3. Clothing Store for Lean/Slender People - If you have met me then you know that I am not the largest person around. Thanks to the gym I have grown in size, but I still wouldn’t consider myself to have a threatening presence. Often times I go to the store looking for smaller jean sizes only to find that they are sold out. I have talked to many sales people who say that the smaller sizes sell out quickest. As a result I figured that I could create an e-commerce site that stocked all the brand-name clothing in smaller sizes. This idea was to simply fulfill an unfulfilled niche. I’m not sure how large this market is (especially considering that most people are getting fat in this country), but I’m sure there are other people out there like me.
  4. Easy Contact Forms - I’ve been thinking about this one for years, but after seeing the post on Techcrunch about Contactify, I figured now in just as good a time as it ever was to launch this one. The main idea is to offer a slick alternative to MailerMailer and Constant Contact. I have set up way too many MailerMailer and Constant Contact campaigns for clients. Both their solutions have horrible solutions, although they do get the job done. I figured that I could create an easy system where users sign up, create a quick form and include a little piece of javascript to add it to their site. This would automatically add an Ajax contact me form, or mailing list registration form that would work from the comfort of the user’s website. There would be no redirection to contact website. This could be created in one weekend, and I’ve been thinking that now is a good time to make it.

So after spilling the beans on most of my ideas, what are your thoughts? I would love to get your input on what ideas are good, which ones suck, and how I can make some of them better. Also, I am currently looking to interview individuals from small businesses that have experienced growth thanks to their website and/or blog. If you or know anyone that has, please get in contact with me.

The 7 Habits of Highly Effective Connectors

April 24th, 2007

Over the course of the past year and a half I have attempted to refine my skills at networking, a skill which is not inherited by all. During this time I have learned many lessons about effective networking. The start of this began with reading “Never Eat Alone” by Keith Ferazzi. This book highlights all of the key attributes of a successful connector. Connectors are not the overly aggressive guy that you meet at an event who is running around handing out his (or her) business card to everyone and their mother. Connectors are the people that actually create meaningful relationships with others. A few successful traits that I’ve learned recently are listed below. While this is not a comprehensive list, it does cover many of the important aspects.

  1. Start blogging - Blogging has magnified my reach in ways unimagined. By letting people know about your blog, you enable yourself to spend more time listening to what others have to say when meeting them while stilling maintaining your voice. When you follow-up with people include a link to your blog to increase the likelihood that the individual will check it out. Your blog helps to illustrate that you are an expert in your field. If you want to magnify your reach significantly, then I highly suggest creating a blog. There is nothing else like it. Through responding to people that comment on your blog, overtime you can build new relationships with people that share similar interests.
  2. Get involved - You have to be a participant in your community if you plan on meeting other people. By attending networking events, fundraisers, volunteer events, etc, you are increasing your visibility and increasing the likelihood of meeting other interesting people. Make sure that the majority of events you attend, you actually have an interest in. If you are interested in the event, then most likely you will find people that you are interested in as well. Once you’ve become active try out hosting an event. It provides great experience in understanding the amount of effort that it takes to organize an event as well as a great opportunity to connect with more people.
  3. Finding the “on-switch” - When you walk into a room, you need to have a presence. This presence can be effectively turned on and turned off. Presence is created a number of ways, but primarily by standing straight and looking around the room when you walk in. Additional characteristics include smiling and having a positive charisma. The are all things that can be learned, but none of these things can be falsified easily. Through practice, you will eventually find your “on-switch”.
  4. How can I help you, not how can you help me - Connecting is about helping other people. The second that you start trying to figure out how they can help you is the moment that you have stopped genuinely connecting. Connecting is about actually building relationships. This comes through being a good friend to others. Friends are there for support and encouragement, not for manipulation.
  5. Set goals - This is a habit that I often overlook. When you connect with people, there should be a reason. While spending time meeting people for the fun of it can be a good lesson in personal communication skills, you should set goals for people that you are trying to meet.
  6. Follow-up - This is one of the most important habits of successful connectors. If you don’t follow-up then it’s as if you never met the person. Always follow-up, and follow-up soon after you meet the person.
  7. Be genuinely interested in others - Genuine interest cannot be falsified. Wanting to connect with others is ultimately being a good friend. Real relationships are formed through connecting. When you attend events, look to build a few genuine relationships rather than a bunch of false ones. Don’t be that guy (or girl) running around the event, furiously passing out business cards. That person is not interested in others as much as they are in them self. If you don’t want to build strong bonds with new people, then do not aspire to becoming a great connector.

10 Steps To Become A Perfect Conference Attendee

April 13th, 2007

Recently I have been going to a lot of conferences. As I wrote two days ago, I will be attending the Future of Online Advertising in June. Also, I was at the Future of Web Apps in February and attended Podcamp NYC last weekend. Why on earth have I been attending so many damn conferences? One reason: to meet people. Keith Ferrazzi states it best in the book “Never Eat Alone”:

Those who use conferences properly have a huge leg up at your average industry gathering. While others quietly sit taking notes, content to sip their free bottled water, these men and women are setting up one-on-one meetings, organizing dinners, and, in general, making each conference an opportunity to meet people who could change their lives.

The best part of networking with people at conferences is that most of them are there to network as well. While I have met those that don’t see the value in conferences, there are plenty that realize this value and contribute to the cause. Also, networkers help other networkers because that is one of the most important aspects of networking (how many times will I say the word “network” or some derivative of it?) What I really mean is that networkers realize they are part of a community and being part of a community involves a little bit of give and take, but the number one component of being part of a community is participation. If you are there, then you are part of the community. In addition to Chris Brogan who has put forth a thorough list of networking tips, I thought I would put in my two cents and share with you what I think are the most important steps to effective networking at conferences.

  1. Offer your assistance to the organizer - Putting on an event is a ridiculously challenging task. I’m currently trying to put together a simple networking event and even that is challenging. Imagine trying to prepare an event where thousands of people will be attending and need hotel, restaurant, transportation reservations, and more! Bottom line, the event staff is understaffed and over worked. Offer your assistance and they will truly appreciate the effort. Who knows, you may even get a free ticket to the conference.
  2. Be a presenter - This is one of the most important attributes of a successful conference goer. All of the speakers are experts in their industry, and chances are that most of the attendees are as well but not all of them are speaking. To have been in the presenters shoes at some point helps you to sympathize with them and puts you on a better level to network with them. Although this is an important attribute do not go unprepared because it is worse to present an incomplete presentation than to not present at all. Work on creating the content for your presentation and then practice your presentation over and over again until you have perfected it. Once you have mastered the art of presenting, you are well on your way to success.
  3. Dress Well - This one is a no-brainer (or at least you would think so). Dressing well is highly important. When you dress well, people take notice and suddenly you become an center of influence within their environment. Look nice for the people and don’t forget to smile!
  4. Be personable - I don’t want to run through a laundry list of traits that make people personable but just to name a few: stand straight, be genuinely interested in what the other person has to say, be a good listener, remember the other person’s name, and more. I covered most of these in my list of “The 10 Habits of Highly Successful Entrepreneurs”. Also, if you really want to learn more on this you can go buy a copy of Dale Carnegie’s “How to Win Friends and Influence People”.
  5. Ask for business cards rather than dole them out - Chris Brogan covered this one in his post, and he states it well. “Only you can control contacting someone.” While this is true, I have been in the predicament of the person not having their business card. An aggressive networker would whip out a pen and write down their contact information. I chose to give them my card and luckily they contacted me. This is for you to decide how aggressive you want to be.
  6. Write down notes about the person on their card - I am a constant offender of this one. You go to an event, get a ton of cards, get home, and don’t remember who the people are even though you have their cards. All you have is a little reference that hopefully can spark your memory. Most likely you aren’t going to remember. So if you want to be the ultimate networking pro, step aside for 30 seconds after you meet the person and write down a unique thing about the person you just met. If you don’t have anything to write down, then they probably don’t remember anything unique about you, and hence no connection was made.
  7. Be brief - If you are at a large event, then spending large amounts of time on an individual is most likely not the best use of time. Occasionally you will have a strong connection with someone and it may be worth the extra time, but even still you can postpone part of the conversation to later (maybe over drinks perhaps?) Introduce yourself, learn a little about the person and what makes them unique, swap information, and move on. If you want to follow-up sooner, rather than later, that’s great, but don’t forget why you came to the conference in the first place.
  8. Be a connector - Rather than just leaving and giving a person the cold shoulder, there is an alternative exit strategy. Prior to leaving, introduce the person to someone else that you met earlier that is in your vicinity. It makes it less awkward for the person you were just speaking with if you introduce them to someone new rather than if they had to introduce them self to the next person on their own.
  9. Target the people you want to meet (networking with a purpose) - Prior to going to the event, list out a few of the people that you want to meet. You didn’t put in all the effort to come to the conference just to drink the coffee and listen to speakers lecturing you. You came here to meet people, and more than likely there is a certain type of person that you are looking to meet. So write down a few people that you want to meet and meet them. Once you’ve met the people, it is a small success and small successes add up to big ones.
  10. Follow up after the conference (soon after) - This is the most important part of being a successful conference attendee. Once you put in the effort to meet new people and learn a little bit about each of them, you need to let them know that you appreciate their time. Additionally, perhaps you can help that person in the future. (Notice that I said help them, not them help you).

Remember, networking takes practice but can pay off big time. Being part of the community is critical to success (both in business networking and in blogging) so get out there and be a part of it. Also, remember when you are attending these events it’s about how you can help other people, not how they can help you.

The 10 Habits of Highly Successful Entrepreneurs

April 5th, 2007

Over the past few years I have been in contact with more than a few successful entrepreneurs and even more that haven’t succeeded. I’ve witnessed a certain charisma that exudes from these unique individuals and have spent a fair amount of time trying to understand what makes them succeed. In turn, I have compiled a list of the top ten habits that have been prevalent throughout these individuals and that I have attempted to adopt.

  1. Passion for Life - This is one of the most important characteristics of a successful entrepreneur. If you don’t have passion for life then good luck at succeeding. Passion for life will help you to exude a positive charisma that attracts investors, inspires your team, and helps you to get through the tough times.
  2. A Smile on Their Face - Whether or not everything is going well, the most successful and most inspiring individuals make it a habit of smiling. This characteristic is one of basic human interaction.
  3. A Dynamic Team - An entrepreneur requires the support of others for success. Napoleon Hill refers to this as the “Mastermind Group”. I highlighted this characteristic in my recent article “Death of the One Person Startup”.
  4. A Willingness to Help Others - This is my own personal maxim. I’ve reached out and received help from successful entrepreneurs. Conversely, I’ve requested assistance from entrepreneurs not only turned down my request but acted as though I was a fool for asking. Once you have succeeded, remember that you didn’t get to where you are by yourself. Someone else helped you along the way and you own it to them to continue the tradition.
  5. Habitual Goal Setting - Successful entrepreneurs know how to set reasonable goals, and revise their goals on a periodic basis. Some quick goal advice: set goals that you really want to accomplish, that don’t contradict other goals, and are set high. Also, don’t forget to write down your goals.
  6. Ability to Remember Names - I learned this from Dale Carnegie’s book “How to Win Friends and Influence People”. Since learning it I have met countless successful individuals who have adopted the practice. One of the most sweet sounds in the world to a person in their name. Make an effort to remember it.
  7. Empowered by Failure - When things aren’t going your way, are you going to quit? Successful entrepreneurs don’t. Rather than being knocked down by failure, successful entrepreneurs know that it is simply one of the many hurdles in their ongoing path to success and facing the challenge head on will only bring them closer to success.
  8. Confidence - All successful entrepreneurs are confident. If you aren’t confident then there is little chance of success. 99 percent of people are going to tell you that you aren’t going to succeed, and a large portion of them don’t want you to succeed. The primary factor that will get you past all of that is self-confidence.
  9. Proactive Attitude - Have you ever worked at a company where you made a suggestion to a higher level employee only to have them postpone any discussion of it? I know I have. The successful entrepreneur will offer the suggestion a few times, and then if nothing is done about it, they will begin working on it them self. It’s the person inside of you that says “Well if you aren’t going to help me get it done, I’m going to do it myself”. While this may not always be the best attitude, I believe that it is more often than not.
  10. Determination and Motivation - These are critical characteristics. Entrepreneurs are like the train that never could. They just keep on chugging no matter what. Persistence in a unique personality trait in individuals, and it is one that all successful entrepreneurs share.

If you would like to be a successful entrepreneur then I highly recommend that you try to build as many of these characteristics as possible into your own personality. Good luck on your path to success!