Being self-motivated is an assumed quality of a successful entrepreneur. Starting your own online business, creating a product or producing an online service requires a particular set of skills and I am going to list a few. (Obviously, a successful entrepreneur is not limited to these, but they are certainly necessary).
It takes a lot of time
There are no shortcuts to being a successful entrepreneur, you are going to devote a lot of time to whatever your project you pursue. There will be lots of sleepless nights, but it will all be worth it if it succeeds. It’s important to stay positive in the process because you will have doubts. It’s a roller coaster of emotions, so pushing aside negative thoughts and accepting the inevitable is the right approach.
Learn from your mistakes
Learning from your mistakes is just as important as having a positive attitude. Like I said above, there are no shortcuts, so learning from your mistakes is crucial to attaining your goals. You are guaranteed to make mistakes, so not stopping at the first one you make, analyzing it and understanding what went wrong and how you can fix it will allow you to move forward.
Going hand-in-hand with understanding that there is a time commitment involved to becoming a successful entrepreneur, is patience. When you feel like you are doing everything right and everything you can possible do to succeed, you have to be patient. Being patient doesn’t just mean waiting around, but having patience while you are proactive and diligent in your work. Understanding that this will take time and that you will make mistakes means having patience.
Being self-motivated is definitely an important skill to have and maintain as an entrepreneur. It can be tough to stay motivated when mistakes and failure seem imminent. This article offered some great tips and encouragement for finding and maintaining motivation, even in the hard times.
I agree with everything you stated. An entrepreneur needs to be patient and learn from their mistakes, but they must also know when to act. Turning an idea into an actionable business is as simple as finding the right time that the market will accept it… then launching it. Another important note would be in that with patience, you wont necissarily want to spend years on one idea. It is possible that you work on multiple business projects before ever having one that will take off making it worth it in the long run… meaning learn from those mistakes whether small or large enough to tank an entire business proposal. Your ability to get back up and continue thinking, pivotting and solving the pains of others is how you will be successful.
Great article, Travis! I think a quality that encompasses all of these descriptions is time management. A lot of entrepreneurs are so excited about their idea and business that they seldom learn how to balance their life or understand how to be the most productive. Being able to fully understand your schedule and make the most of it is a very valuable skill and can often prevent you from making a lot of mistakes or having to be so annoyingly patient for good things.