4 Lessons Learned From Successful Entrepreneurs

Lessons Learned From Successful Entrepreneurs

One of the best way to become an entrepreneur is being with an entrepreneur and learn from them. But, practically, it is not possible to find an entrepreneur and being with them to learn Entrepreneurship. Hence, here in this article, we will tell you the top 4 lessons that an entrepreneur teach you about Entrepreneurship.

If you want to be an entrepreneur then you must ensure below mentioned skills needed to become an entrepreneur. In simple words, these lessons will help to acquire important skills to become an entrepreneur.

Note:  Entrepreneurship can’t be taught in classrooms. The below mentioned lessons is only for your help and references. It will not guaranteed success to you.

Lessons From Successful Entrepreneurs

To help you in achieving your goal and avoiding number of setback and hurdles, below we have mentioned the top 4 lesson learned from successful entrepreneurs.

 It’s Not About Making Money

The first thing that we learned from successful entrepreneurs is- Entrepreneurship is not about making money.

We all know, Elon Musk is an best entrepreneur, but do you know?

Elon Musk releases all patents to fight climate change and save earth.

Have you ever wonder, Why?

This is because, Entrepreneurship is not about making money. It is more than that.

The Power of Free

If someone ask you, what is an entrepreneur in simple words? How will you define it?

Ofcourse, you will say, Entrepreneur are those people who run a successful business? For example, Dhirubhai Ambani and Ratan Tata run Reliance and Tata Group successful.

Next, when we talks about the successful business, we do consider its profit and turnover.

But, what if, I tell you, you can create a successful business without selling anything?

Yes, now, you can create  a successful business at zero turnover.

This is because of ‘The Power of Free‘.

Reliance Jio Infocomm Limited is an great example of this. Reliance is running a successful business by providing free communication services to its users. Since these services are provided at free of cost, the turnover of this company is zero.

But this does not mean the Reliance is not running a successful business. It is only because of Reliance Jio, Vodafone sold the business to Aditya Birla Idea Cellular and went out of the business.

Similarly, Facebook is also making good money by providing free Social Media services to users.

Hence, you can also create the successful business by selling free stuff to consumers.

Believe in Yourself

To understand this, once again, I will quote the name Elon Musk here. Do you know? When Paypal was sold for $180 millions, Elon Musk put $100 millions in SpaceX, $70 millions in Tesla and $10 millions in solar city.

Next, he had borrowed money for paying rent for his house.

Elon Musk Paypal Proceeds
Elon Musk Paypal Proceeds

So, if you want to become an entrepreneur then first start to believe on yourself and then trust your business.

Failure Is A Way To Success

One thing to remember about entrepreneurship is ‘Failure is a way to Success‘. If you get failed then it should not be the end of everything but instead it should be the beginning or new start.

Do you know?

  1. It took three attempts to successful rocket launch by Elon Musk.
  2. Jack Ma, founder of Alibaba.Com, was the only person who got rejected for KFC job out of 24.

Just imagine, if Elon Musk and Jack Ma have given up at this point of time then what would have happened?

Of course, they would not be so successful today.

Hence, for being a successful entrepreneur, never gave up on getting failed. Always remember, the failure is a way to success.

Wrapping Up

If you are entrepreneur or looking to be an entrepreneur the above mentioned teaching will be definitely useful to you.

It will help you in avoiding number of setback and hurdles in achieving your goal of being entrepreneur.

At last, we strongly wish you go through these teaching and become a successful entrepreneur.

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