A must read for Entrepreneurs part B

By: richchoice on August 25, 2018

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A must read for Entrepreneurs part B

5. Influential

People often describe entrepreneurs as exhibiting high levels of leadership, but leadership means lots of different things to lots of different people, click to read part A, if you haven't done that

My grandfather Stirling was one of the most outstanding leaders you could ever hope to meet. The son of a Scottish coal miner, he began working in the coal mines himself at the age of 10. 

As a young adult, he found himself living in the time of the Great Depression, in rural America, with little more than his superior intellect and his dreams. 

Over the course of the next 40 years, Thomas Stirling went on to become a respected high school football coach and later principal of a large high school in Indianapolis, Indiana. At his funeral, hundreds of former players and students came to pay their respects. For so many of these people, the word leader meant Thomas Stirling.

However, I can assure you that my grandfather would have made a terrible entrepreneur.

What people are really referring to when they speak of leadership is an entrepreneur’s uncanny ability to influence others.

Most successful entrepreneurs I know are the “lead by example” type. Usually, leadership is not something entrepreneurs actively pursue. Instead, people just seem to follow them. I’ve heard this magnetism called everything from a cult of personality to a high-speed train that everyone wants to jump on. 

For the successful entrepreneur, this attraction is a natural by-product of the person’s vision, enthusiasm, and proven track record. When I have observed entrepreneurs who are struggling, they are often charging just as fervently up a hill but often look over their shoulder too late to find that

few, if any, have followed.

6. Ingenious

Ingenuity may be one of the most difficult qualities to describe but one of the most important for the successful growth entrepreneur to possess. Successful business owners are able to see patterns in data and events that most people cannot see. 

As a result, they recognize both clear opportunities and probable pitfalls long before the average businessperson. To them, growth opportunities look obvious.

When they describe it to others, it sounds ingenious. You can also describe this trait as being clever, inspired, or imaginative. Either way, nearly every growth leader has it to some extent.

7. Innovative

Ingenious and innovative might sound very similar, and I guess they are to a certain extent. Both rely on that creative spark that eludes so many others. 

However, there is a clear difference between the two: Ingenuity speaks to seeing opportunities, while innovative means acting on an opportunity in a wholly original way. In other words, for Ted Turner to see that a 24-hour news channel’s time had come was ingenious.

Turner’s decision to announce his intentions at a cable television convention in front of thousands before telling his staff was innovative. Having veteran newsman Daniel Schorr at his side was innovative. Hiring 100 recent journalism school graduates and bringing them to Atlanta for a

crash course in TV news production was innovative. See the difference?

The seven rules of growth presented in this book represent areas in which successful small business owners concentrate their efforts. In other words, it’s within these seven areas that growth entrepreneurs innovate. 

More and more, successful entrepreneurs find compelling ways to innovate in relatively mundane companies, industries, and market segments. Look at the current list of Inc. 500 winners, and you’ll find, for example,a surprising number of temp agencies, home builders, and restaurant chains alongside the high-tech product and service developers. Later in this book, you’re going to read about a commercial printer, a pet food manufacturer, and a candle supply cataloger.While their markets may sound ordinary, I think you’ll see that these companies are some of the most innovative out there.

The difference between failures and successful Entrepreneur is what they do with the knowledge at their disposal, knowledge is not just power but applied knowledge does, knowledge not applied will bring to not, act on the information your are getting from us, see you at the top. 

To be continued in part C