Commitment & Determination - What Makes You an Entrepreneur

What makes you an entrepreneur?; this question is simple but very difficult to answer. For a long time, people have studied the science behind entrepreneurial process, what drives a great entrepreneur, the things that make an ordinary person transforms into a job creator.

To answer this question, it's much better if we try to understand what's behind entrepreneurial process. At the heart of every entrepreneurial process is the founder, the opportunity seeker, the creator and initiator, the leader, problem solver, and motivator; the planner and the guardian of vision and mission. Without this human energy, behavior, drive, and vitality, the greatest ideas-even when they are backed by an overabundance of resources and people-will fail, grossly underperform, or simply never get off the ground. Brilliant athletic aptitude and potential is not equal with the great athlete. The difference is invisible and intangible: commitment, tenacity and determination.

Commitment and determination are seen as more important than any other factor that inspiring an entrepreneur. It makes an entrepreneur can overcome incredible obstacles and also compensate enormously for other weaknesses. Almost without any exception, entrepreneurs live under extreme, constant pressure (when they start their business, for them to stay alive, and for them to grow). A new business requires top priority of entrepreneur's time, emotion, patient, and loyalty. The level of entrepreneur's commitment can be measured in several ways: through a willingness to invest a substantial portion of his or her net worth in the venture, through a willingness to take a cut in pay because he or she will own a major piece of venture, and through the other big sacrifices in lifestyle and family circumstances. Clearly, commitment and determination usually demand personal sacrifice.

What you should keep in mind is that the desire to win never equal to the will to never give up. And this is actually a critical distinction. So many lead entrepreneurs say that they really want to win, but only few have the dogged tenacity and unflinching perseverance to make it happen. Just take an example of a young entrepreneur who made several phone call but none were returned. He made a few more calls but still, no response. Over the next week he made yet another series of calls that once again received no response. At that point, what would you do? Would you keep trying, or decide to move on and not waste any more time? Only you can answer this question, and the answer will gives a clear picture of your persistence's level.

Entrepreneurs who successfully build new business seek to overcome hurdles, solve problems, and complete the job. They are disciplined, tenacious, and persistent. They are able to commit and recommit quickly. They love to win and love to compete at anything. However, if tasks are unsolvable, an entrepreneur will be the first person to give up than the others. There is a fair opinion says that while entrepreneurs are extremely persistent, they are also realistic in recognizing what they can and can't. They know where they can get help to solve a very difficult but necessary task.

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Yes! You Need A Huge Dose Of Persistence To Succeed As A Home Based Entrepreneur

In this article, I'm going to discuss PERSISTENCE as an important aspect of the Success Motivating Matrix.

"When the going gets tough, the Tough get going"

"Winners never quit and Quitters never win"

You may be wondering why I started with the quotes above. I've used these quotes because they aptly describe the topic I'm about to discuss.

They're all quotes/phrases that show in different ways, the sentiment people have attached to Persistence.

Persistence is really a very important and necessary characteristic for success as a Home Based Entrepreneur.

After over two decades of my involvement with entrepreneurship both as a Serial Entrepreneur and a Trainer, I see entrepreneurship as a way of life. You learn from your mistakes and try to improve on your next endeavor. Though it's possible, but It's not usual for an Entrepreneur to succeed at the very first attempt.

As a determined entrepreneur, you must develop the persistence and burning desire to succeed.

First you develop the idea for the business, make your plans and start the business.

As you go along, there'll always be times when you feel you've hit a brick wall. These could come in different ways - it could be that government just introduced a new policy that may not favor your business or a product innovation introduced by your competitor may be nipping the market share from you.

The Entrepreneur may even be overwhelmed by the share operations of the business.

At such times you must remain focused on your business ideas, readjust your plans when and where necessary to take into consideration, the unfolding events in your business niche.

This is why a well written Business Plan must be flexible enough to embrace any developments that may come up as business operations continue.

The ability to stay the course and maintain focus despite opposing odds is what defines PERSISTENCE.

Being persistent is the mark of a true fighter and for you to succeed as a Home Based Business Owner, you must have a good dose of Persistence.

Persistence is a very critical success factor for any Entrepreneur. There are other necessary success factors but persistence is definitely very important in the Success Motivating Matrix.

You must have faith in yourself and your business idea because other people may not believe in it.

This reminds me of the story of Henry Ford. Mr Ford had failed in five business ventures before he launched The Ford Motor Company which turned out to be a huge success.

Mr Ford also showed much persistence when he wanted to develop a car with V8 engine. His engineers kept telling him it was not possible but Ford insisted it could be done and on each occasion, persuaded and cajoled them to continue with the project.

Eventually success smiled on him and a car with a V8 engine was born. This was a classic case of what persistence can achieve.

Indeed, history has shown that when Persistence is applied positively, all the laws of nature conspire and converge to grant the Entrepreneur a reprieve.

I always encourage my Trainees to have faith in their business ideas and personal ability to make their business succeed.

I believe that Persistence is an attribute of success that can be learned under the right circumstances. I make my Trainees to understand the importance of Persistence and many have gone ahead to succeed beyond their dreams.

As a Serial Entrepreneur, my strong belief is that you learn from your mistakes and failures and carry these over to the next business enterprise

You don't abandon ship just because of a bad storm experience. Instead you build on your experience and try to take better decisions next time.

However, It's instructive to state that you must know when to stop being obstinate with your Persistence and instead adjust your plans or use another approach to achieve the desired results.

Thank you for "persisting" to the end of this write-up.


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