Everyone dreams of breaking out on their own, starting their own company and retiring wealthy. And why not? A lot of people have dreamed it, done it and succeeded.
In fact, some of our country's most successful companies were started by entrepreneurs who took a leap of faith. You probably have a dream of doing the same thing. The question is, what did they know that you don't? Well, here are three key characteristics that all successful entrepreneurs share.
Belief In Themselves
What's an idea without a little swagger, an uncompromising belief that you (and only you) can make it happen? That's right, it's just an idea. Nothing less, nothing more.
The entrepreneurs who succeed are the ones who take their ideas and stand behind them, even when nearly everyone else is telling them it can't happen. Sure, they may, as the old saying goes, keep their feet on the ground and their heads in the clouds, but they never lose their self confidence.
Jimmy Buffett, who honed his skills playing in Chicago's bars, was told he'd never make it in music. Stephen King had book ideas rejected (though admittedly not for very long). Even Michael Jordan was cut from his high school basketball team. But none took "No" for an answer. Each stuck with it, believed in himself and went on to not only succeed in chasing a dream but to become successful entrepreneurs, as well.
A Little Help From Friends
You can have a good idea. You can have a very good idea, but without support, it might not amount to much.
The best entrepreneurs get a little help from friends. Sometimes those friends are investors. Crowdsourcing is a relatively new and effective way to raise funds. Sometimes those friends are professors.
There's a lot to consider when you're an entrepreneur - proof of concept is one. You have to establish the market. There are pricing strategies to consider. And there's more. It can be complicated and confusing, sometimes, to organize your thoughts, much less figure out what to do next.
That's why a lot of entrepreneurs enroll in an undergraduate business school. It's a great way to learn how to talk the talk and walk the walk.
An undergraduate business school can help you develop a business plan, understand finance and figure out how to market your idea. You'll also be in classes with others who attending business school to chase their dreams, which can give you even more confidence in yourself. And that's a good thing.
A Good Mentor
Everyone needs one person to confide in, someone you can trust with secrets and ideas. Business school professors are great mentors. They are teachers, but many are also successful business people themselves.