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Are you an entrepreneur or do you become an entrepreneur?

Discussion of what makes a succesful entrepreneur

By Jesper HansenPublished 3 years ago 4 min read
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Many people dream of having their own businesses. The notion of having autonomy in relation to all decisions and approach: Deciding your own work hours, being the decision maker, and perhaps making a ton of money. But are people born with a natural mindset that enables these things? A so-called mindset of an entrepreneur? Or is it something that you learn underway? If you ask all the successful entrepreneurs, I am sure they will emphasize that it takes quite a lot to be successful. It is not enough “just” having a good idea. It is not even this part that is the hardest part. The idea needs to be brought to life, which takes blood, sweat and tears. Most of all ideas do not become more than simply a thought. However, if you have the mindset of an entrepreneur this is what you live for: bringing ideas to life, feeding them and watching them grow.

Daniel Hansen, CEO and Founder of OMNIA Global, is a perfect example of an entrepreneur. Ever since he was a teenager, Daniel has founded corporations of all sorts. He has working his way through both the tech industry, hotel booking software, remote backup and VoIP. What characterizes both Daniel Hansen and entrepreneurs in general is the need to create something. Daniel can recognize the point, that many ideas do not come to life and the fact that entrepreneurs struggle with the execution part. Often it the financing of the idea that consumes a lot of time and energy. There is no doubt that Daniel Hansen has the right mindset – but can you learn if you are not the type of person who has been founding companies from childhood?

There are many tools that you can learn and use actively in the process. But it is also a lot to do with your mindset. You really have to have a great passion for the project and believe in it yourself.

Success comes (sometimes) from preparation

Besides having the right mindset there are a bunch of disciplines and preparatory work you can do. This involves doing the right research so you are prepared for all the various challenges that relate to your product. Who are your competitors? How is the market share? How much market share is it realistic that you gain?

One of the things that Daniel Hansen emphasizes when asked of his biggest mistakes making while building a business is his level of ambition. Starting with numbers that were too small and a level of ambition that in a great extent seemed related to his life situation and not the potential of the company. Hence, it is important to see your business for what it is. If there is potential for big business then create your strategy on the basis of this.

Read more about how you make the most of high value assets here.

Surely, you have to be realistic and try to make an objective – or at least as objective as possible – evaluation of your brand. You might as well create the right strategy from the start. If your company has the potential to grow big, then the road will be more effective if you realize this at first glance.

Do you have a dream of starting your own company? It is a long road and there will most likely be times when you feel like everything is crashing. There are three factors, which are good to have in mind:

- Professional skills

- Drive

- Economy

If you continuously keep these things in mind, you are on your way. Professional skills are closely connected with research. If you enter a certain industry, you need to know what kind of game rules you are dealing with. And if you do not know beforehand, you need to do your research. The drive is perhaps the most important thing. Even during the times when everything seems to go wrong you have to believe in your idea and keep going. Last but not least there needs to be economy in order for the company to survive and grow. An investor can make or break a business, so it is all about finding the right ones.

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